Would We Hire You Again if We Know What We Know Now Dave Ramsye
I Run My Own Business – When Should I Hire My First Employee? (Hour one)
November 04, 2021
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Debt, Relationships, Business, Career
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Transcript
Yeah. Mm
live from the headquarters of Ramsey Solutions broadcasting from the dollar car rental studios. It'southward the Ramsey show where dad is impaired cash is king and the paid off home mortgage has taken the place of the BMW as the status. Unproblematic choice ken, Coleman Ramsey personality number i best selling author of the proximity principle is my co host today. Open phones at triple 88255225. That'southward triple 882552 to v. Sarah is going to kickoff us off this hour in Saratoga springs new york. Hello Sarah, how are you? Hi Dave. Hi ken, how are you? Great. How can we help? Great.
Um, my married man and I are on infant pace 3 B and we just closed on a house and nosotros were wondering how soon after nosotros moved into the house, should we restart the retirement again? Well what do you lot think? I recall near iii-4 months and then we can become used to the new budget in the business firm. But my married man feels broken-hearted that we haven't been putting it into retirement and he wants to starting time it every bit soon as possible. Why would you wait? Um, just because the house payment in the business firm expenses are a trivial flake different than what it is in our apartment. Then I just wanted to get a meliorate handle on what it's actually going to exist per calendar month. Well you want to know they gave you the payment corporeality at the closing? True. What is it y'all're going to notice I judge of like repairs and stuff similar that. You lot just bought the house, does information technology demand repairs? But like a new furnace, it's like a 25 twelvemonth old furnace.
So they suggested replacing it presently. So we were going to do that inside the first couple months. Okay. Go some beds on the furnace. Okay. And so hither's the thing. Okay. You you you should non take all of these unknowns and then once you don't take the unknowns and then that tells you lot when you lot can commencement the retirement or should showtime the retirement. But I'k with your husband. I've got an urgency to get going on it but I don't desire to offset your retirement and so finance a furnace. And so y'all know about the, about that. Yeah, I know but the residual is nosotros've got to effigy out how we're gonna pay for this furnace, right?
And and so get ahead and get, you know, nosotros know what the paint firm payment is and um, shouldn't exist hard to pull up the electric bill. You tin go copies of that from the former possessor or even enquire the utility company, they'll give you the history on that. So y'all have to lay your budget out inside a few dollars. And then you say then y'all become three bids on the furnace and go, okay, we're gonna spend X number of dollars on the furnace. And then that's going to mean we'd start the we offset retirement back afterwards the furnace is saved and that's going to be here, you'll exist able to lay all of the salary. Only the idea nosotros're going to kick the can down the road for vague unknowns that you should search out the answer to is not a expert plan. Okay. Does that make sense to yous? Total sense. Yeah. So go ahead and dial it in and you become dialed in, you're okay again. Yeah.
You know one other thing I'd say there is, who's they? And let'southward get two or 3 days to look at that furnace and say, do nosotros need to replace it now or exercise we remember it'south got six months to a year life? Go ahead and save up. Forget the quote of what it's gonna cost, get 34 quotes and relieve it upwardly. But I've been scared before. Dave, I recollect when I was a new homeowner and all, you need to do this, you need to practice that. Well yous need to do this. Well practise we really, that's all you lot're even so gonna save up for information technology, gear up for it stinking thing. My last 5 years. Information technology could be the efficiency on it too would exist worth going ahead and doing it. But you also want to catch information technology on seasonality. That's truthful meaning you don't want to, you don't want to do a replacement when uh, there's a line of people out the door doing replacements considering because the season changed correct, you want to exercise information technology in the offseason where they're catching when they're non working and they give y'all a proficient bargain and so the timing on, information technology would exist a good idea to, simply you lot're right, y'all can go ahead and save upwardly and exist set for executing on a certain timing or just exist ready when the thing lays down to ready information technology.
At that indicate, Anthony is with us, Anthony is in Tampa florida. Hi Anthony. Welcome to the Ramsey show. Hey Dave such an award to conversation with you. How you doing you besides. How can nosotros help? Um, just wondering on which baby step, tin we outset updating kitchen, updating pool, That kind of thing. Well, we teach folks to non do anything until they're through baby pace three out of debt and have your emergency fund in place because updating the kitchen is not an emergency, then you demand your emergency fund in place and be out of that first. Now, and so at the betoken that you're at baby steps 45 and half-dozen, y'all move from intense pregnant non doing annihilation except those things to intentional and intentional ways that there's some other stuff in our life nosotros're going to practice while we're doing retirement kids college and paying actress on the house, only nosotros're also going on holiday, buy a new couch, update the kitchen and do the puddle, whatever those things go woven into the budget at that point, of course paying cash for them and, but um, it's a different rhythm in that location can in those 3 and 456. Yeah, I like the distinction between intense and so intentional, you know. Okay, wait, we simply talked about as the previous caller. We've got some real expenses.
What would we consider college priority? What's lower priority? What'south just, we'd actually like to do it, but it'due south really non going to bear on our life negative or positive one way or the other. And I retrieve that'due south the intentionality you're speaking to. And I gotta tell you that's really helped usa from time to time. Well, I desire this, but nosotros don't demand this good stardom. The King Coleman'southward prove is broadcast on 75 plus radio stations, Sirius XM. And equally a podcast every mean solar day, he is helping folks with their careers with their jobs, with their promotions, with finding their dream, with finding piece of work that matters and plugging in every mean solar day. Does that Recruiters spend an average of 7.four seconds on an initial resume screening? Gosh, that's probably double what I spent. And it's never been more difficult for your resume to stand out among the ocean of participants. And that's why nosotros uh ken created a vi easy to use resume templates to become you noticed.
Uh there are whole $ix.99 6 of them. And these are instructions for building a resume. The 10 deuce and don't of job applications. Text resume ii 33 7 89. Yous can go dialed in on that resume. 233789. And of course you can follow ken ken Coleman show on facebook ken Coleman on instagram, ken Coleman evidence on Youtube. He's everywhere helping people with their careers including here today to assist you. If you want to talk careers jump in at Triple eight 82552-5, 882552-v Kelsey says in my role, in that location's a task opening that would be considered a promotion. What tin can I do to evidence my dominate I'm qualified? Aye, I love this. I sit with them after we've looked at the bodily job description and brand certain you lot are qualified.
You merely don't want to exist qualified in this particular question. It's all right. I want to sit down if yous've got the qualifications and go, hey, I'm really interested in this opportunity. Hither's why don't just pb with qualifications. Lead with enthusiasm. See this is what a leader wants to know. They desire to know, non just that you lot're qualified, just you're raising your hand, not just for a promotion for you, but because you are really, actually securely um excited most this opportunity to grow yourself by adding more value to the company. They're gonna go for enthusiasm, some passion more than than but qualification and lay it out in that location. I'm really interested. I want the shot. What can I do to go the shot. That's it, but hunger.
Correct? Not with an attitude of, hey, give me the affair, I'm the guy that you're supposed to put in the game though. I want the shot double-decker, put me in autobus. I'll evidence it. That's it. I'll show it hunger. You know what's this? Got it. This is the Ramsey evidence. Mhm Aye. Mhm Yeah, I go heartbreaking calls and emails all the time from people dealing with the loss of a spouse or parent and many of them tin can't fifty-fifty grieve properly because they're too stressed well-nigh the money. This is exactly why you lot must have term life insurance, you cannot leave your family in this state of affairs that the squad at Zander Insurance Assistance.
I've trusted these guys for over 20 years and I know they are caring and professional. Get to Xander dot com or call 803 56, twoscore to 82. Yep, yeah, ken Coleman Ramsey personality is my co host today here on the Ramsey prove. If you feel like you lot've tried everything when it comes to coin, only you lot can't seem to get traction. I know the feeling a lot of people practise. Maybe you try budgeting merely y'all couldn't figure it out or you got big money goals and you're non sure how to reach them. Y'all may demand a financial coach. Someone who can aid you sympathize what's property you dorsum, develop a custom program to reach your goals and we've got a network of financial coaches all across the country who are ready to work with you. They're called Ramsey preferred coaches. These financial coaches are trained. The Ramsey way. Not only volition they guide you with a personal plan, they'll help yous form the correct habits to win with money.
Allow us help you lot find the correct coach for, you volition connect you with the top three coaches in your surface area and you get to choose which one you want to work with. Information technology's time to make progress with your finances. Stop wanting to reach your coin goes and start doing it to go started. Text coach me to 33789. Text coach me all one word. two 33 7 89 Grace is with united states in Kansas Urban center. She'southward in n on christian high schools, personal finance class with our curriculum. Hey guys, how are you class? Oh, he'southward saying hi to class. Okay, hold on, I'm not on speaker, so that'due south okay. That'southward okay. I love it.
All correct, Miss Grace, how can we help? All correct. And so we've been watching your content in our class for quite a fleck and we idea it would be fun to call yous. So our little question we came up with was if your spouse is in a pretty financially like pretty unstable situation and y'all're not what'due south like a good plan? That'due south a good identify to offset to handle that. Okay, so that'due south a weird question for people in loftier schoolhouse, but that's okay. Yous know, I still like it. It'south a adept question. Um The uh well to beginning with, what nosotros would teach people to exercise is to become on the aforementioned page with each other, then that one of you is not conveying the other one and one of you is not holding the other i dorsum. Uh In other words, in that location'south not her coin and his money, it's our money. And then whatever money comes in, we are going to manage information technology together and we are going to agree on a plan. We both accept a vote on where that money is going to go and we are going to stick to the plan that we agreed to.
And of a sudden the one that is struggling with stability has the other one for accountability. And the ane that was trying to drag along the one who was unstable is no longer doing that because they now have a willing participant helping them uh yous know, and working together. Uh and and so Mhm. For instance, sometimes what happens is not not sometimes, almost always what happens is one is more of a spender than the other. I'thousand the bigger spender at my house. My wife is more of a natural saver. And then it did our marriage a lot of skilful 30 years ago for us to be on the aforementioned page and exist an understanding on any spending that was going to occur before information technology occurred. And so I don't buy things without my wife knowing information technology alee of time and without united states being an agreement on the purchase and she doesn't purchase things without me knowing it. And then we're on the aforementioned page and I know can y'all and Stacy did the same matter. Absolutely. The central phrase here that Dave disappeared is willing participant. Those two things.
We become these calls a lot on the Ramsey show. We've counseled and coached a lot of couples where we accept a caller will phone call in and say, Hey, Dave, I'1000 on, I'thou using your steps, just my spouse isn't, how practise I get this willing participant pieces really huge that getting on the same folio about finances, uh, is a human relationship consequence. And many times y'all've got to get healthy and go that relationship where information technology needs to be, where both people are seeing this desired future and seeing how handling your money, God's ways, uh, is the way to exercise information technology. And so that is ever key. Yous know, y'all've got to be on the same page and sometimes relational e you lot gotta handle that outset to exist able to then take care of the money stuff. So great, since I've got the Northern Northern Northland christian high school curriculum, finance grade, the whole finance form from the foundations and personal finance convict, let's kind of get, let's turn the question a little bit and take it all the manner more, Make it more relevant for yous guys, uh, considering the vast bulk of you lot are non married, I suppose. Okay. And so uh, what it amounts to is this, nosotros know statistically from doing this for decades, that the number i cause of divorce in north America today is money fights and money problems. Nosotros know the number ane thing couples fight about, which of course and so leads to divorce. Oftentimes is coin fights and money issues. And then if we know that this is the number ane enemy of your hereafter marriage when you are dating, this is the number one affair y'all're going to make sure y'all're on the same page on before you become spouses. Ding Ding ding.
Then y'all, and then you know, if you cannot, if you know you lot're getting set to marry, you ladies are getting ready for a guy who just doesn't similar to work much. In other words, he's a lazy hound dog, okay? And he's non, he's always gonna struggle, but he'south an artist and he's fun and he's he's a bad boy or whatever it is that you think he's bonny. Ha ha. Right. But at the end of day, you know, when you're 30 you're still gonna be supporting this bozo. This is this guy's non spousal relationship material guys, If you lot're dating a girl and she's a freaking princess and she thinks the whole world revolves effectually her and she tin can spend any she wants to spend, like she'south in congress because her daddy always gave her more money than she had since and he had since. And y'all think you tin keep upward with that with your income starting a new household, you lot're screwed human being. You're not going to y'all're never gonna make that piddling princess happy and she'south always gonna make you bankrupt. So if you tin can't get on the aforementioned page while yous're dating moving towards marriage about money, that is the ultimate reason to not get married to not to continue the human relationship. Aye, I think it'due south absolutely correct. Dave I would tell josie, I would tell hunt and tie the same thing.
It ought to exist non negotiable. If this is what you believe nigh money, what nosotros teach and you really believe it, and so it has to be uh it'southward a foundational issue earlier you fifty-fifty call up near marriage considering it'due south tin can it be done? Have nosotros seen marriages change after the fact. Yep, but why why not avoid the pain, avoid the pain. I retrieve that's peachy advice. So once more, yous have to worry almost this in loftier school. Simply after when y'all're entering more serious relationships that are going to lead to marriage, exercise not go forward with those. If yous're not paired on this issue, if you can't become agreement that this is how we're going to live our life, we're not gonna spend like we're in congress. Nosotros're not gonna buy cars. Nosotros tin't afford unless we can pay greenbacks for them. Nosotros're non going to nosotros're always gonna have money saved. Nosotros're gonna live on a plan.
We're both gonna exist an understanding, we're gonna combine our finances. These are, these are things that indicate that you're working together going forward, You will save yourself young people an astonishing corporeality of heartache. If yous don't attempt to train your spouse subsequently marriage, that'due south truthful. And here'due south the other matter. Don't just talk to him about it and and settle for that. Yeah, yeah, I'm fine with that. If you lot're going to get serious now, we're talking about down the road every bit Dave talking about if you're going to get serious before y'all say yes or you lot ask, uh, look at their finances, go him to show you again. Somebody's got something to hide. Won't bear witness yous. I'm just telling you that somebody who's a mess right now and proverb all the things, but their actual electric current personal finances are a mess. That'southward a ruby flag. I mean, I gotta tell you, I don't mind if they're in a mess.
I don't even mind if they're in debt. As long as they're working their tail off to get it straightened out. That'southward correct that they're actually interim on it. Not giving you lot, nosotros are not saying don't marry someone with that. No, we're not proverb we're saying don't marry someone loves that. If you hate that because you lot're going to hate each other before. It's over. Information technology's not going to work. And and then, you know, you demand to be on the same page with that and the marriage folks in the marriage field. And dr john maloney confirms this, that there'due south tons of inquiry that backs up the other three areas by the way, while we're in this, uh that you need to exist an understanding on uh prior to marriage, our faith kids or that I have them how many and how to treat them and how to deal with the crazy people in your family, the in laws and there are crazy people in your family. And if you don't retrieve there's crazy people in your family, that ways it's you because anybody is crazy people somewhere in their family. And and so there you get, Yeah, y'all could be an agreement on, y'all know, boundaries, kids, faith and money.
And if you tin can lay those things in identify every bit a healthy dating relationship, your statistical run a risk of that marriage working out is very, very high. It's true. And of it existence high quality wedlock, don't discount information technology, folks, I'm telling you, Dave's correct on this. I hateful, you got to know what'southward non negotiable, Yep. How does life work? You know, I don't believe at that place's a God, I hate God, I'thou mad at God. I'thou mad at people who remember there is a God And the other ane is our worship, Jesus 24, vii this ain't gonna work out boys and girls. Well the missionary dating doesn't piece of work, I'm deplorable, uh sad, it's just the existent world and you go mad and tweet about me. I don't look on twitter anyways have at information technology. This is the Ramsey bear witness. If you lot aren't strapped with student loan payments, odds are you know someone who is millions are having to put off things like buying a firm and having kids because they're stuck. We've produced a new documentary called borrowed futurity.
It uncovers the dark side of the student loan industry and exposes how the system is built to work against. You lookout borrowed futurity on streaming platforms or go to borrow futurity dot com borrowed future dot com. Mhm. In the lobby of Ramsey solutions on the debt gratis stage. Joy and her mom ruth are with united states of america. Hey guys how are you lot? Very good. Thank you. Thanks better than I deserve. Information technology's an honor to have you lot. Where practice you lot guys live
In Mexico? It's about three hours from El Paso taxes.
Oh yeah, wow. And so an international debt free screen right here. Very cool. So how much did you pay off?
Nearly $119,000.
119,000. And how long did this take?
About four years?
four years. Okay and uh what was the range of your income during this fourth dimension? Was it personal debt or what
Is the business concern? We're self employed? Information technology was about 250,000 boilerplate.
Okay. All right, so what kind of business was this?
Is that tree plant nursery? My mom and brother and I, we have a tree nursery. We grow and sell
trees. Okay, fine. What kind of trees?
Anything? Fruit copse, evergreen trees, bushes, whatever you
want. So tell me the story. What happened here? 119,000 business debt paid off in four years?
Yeah. Uh, when I was a teenager, started up before that, when I was a teenager, my dad at the time was listening to dissimilar people and he told the states kids, I accept three brothers to listen to Dave Ramsey and you were talking about spending while living on nothing and spending less money. And I thought, well, we already live on nothing. We had no vacations and know nothing of that sort, not really end. Um, and then, uh, So we forgot about you. And then stop of 2016. Um, I started doing the business concern papers of expenses and all of that and I realized how very messy and unorganized. It was just terrible. And so I started googling annihilation I could find on concern advice. And this one twenty-four hours your proper name popped into my head, I believe was the holy spirit. I gave it to me. And so I started listening to you lot searching for you and I loved information technology.
I got very excited, wanted to become organized. And and so nearly 2 weeks after that, um, My dad got diagnosed with bone cancer and he did not accept insurance. So all the money went to that directly correct abroad. We couldn't pay off anything. And so in 2022 we started paying off a piffling bit. Um but the majority nosotros put off 2019-2021 mm.
And uh I take it since he's not hither, he didn't didn't survive the bumpkin.
He died ii years agone. I'yard sad,
I'grand sorry you guys have been through a lot. Yes. So so that the kiddos step in and assistance run the business and so that that'southward what amounts to. Yes they did. I was
very thankful for that.
Amen. Yeah. Amen. Patently very capable. Aye. Aye and so some capable plus. Yeah very good well adept job. So uh horrible way to stop up in charge. Just you're in accuse at this indicate and uh Joy. And y'all outset hammering the data I guess is what you're saying.
Yeah. He was very mad at that. Very mad. And so just your advice, information technology was very practical for us. Uh I was expecting for looking for business advice. Something high where I would not exist able to reach. And it was so common sense. And then thank y'all for that. I really learned a lot. We all did my brothers also. They got very excited about
it. I don't get a lot of calls from Mexico. So did you call in?
Aye I
did. How long ago
I'd say about 1122 years.
Okay this is coming back to me, you were working, yous were starting to piece of work the plan chihuahua and tree nursery. Yeah, that'south starting to ring a bell a picayune bit. I mean if, if it was somewhere else I might, information technology might not have remembered it because information technology all kind of runs together. But that does band a bell. And so you called in a couple of years ago? Yes. It was nice to you.
You were very
nice. Do you remember what your question was regarding?
Yes, I wanted to enquire nigh the business concern exactly considering it did not bring much turn a profit or hardly any. And and so, so I was wondering how in the world are we going to pay the stat off if nosotros practice non have whatever profit? And was information technology either to sell the business organisation or two. Yeah, I was clueless what to do with information technology. And uh you mentioned if the prophet was going to exist a chip more, if we could get the profit a little bit college to pay off the debt, we should do that. Otherwise salad. So nosotros tried that and it
worked. We, we did pay off. So you lot gotta proceed going. What did you do to reduce that profit
actually just getting organized. We had so much money going out everywhere that nosotros didn't even know about and me and my brother, uh 1 of the 1 that'southward with me at present working on it. Uh and she as well, we just all very intensely tracked all the expenses and income income and that gave the states a little jerk room. Nosotros had been very dis unorganized, yes. And with my husband being sick, um, the nursery was left backside, so when he died, nosotros started organizing it over again. Uh, information technology was very overwhelming.
Uh, to, to start, how long did information technology take to, to kind of get the chaos out six months or a twelvemonth,
a year or possibly even ii. Yeah,
yeah. And, but information technology'south a lot more peaceful to run it. Yes. Now without the chaos with systems and arrangement. Correct?
Yes. And we had a lot of trouble in the meantime trying to pay off that like the trucks were sometime, they were breaking downwards and, and flat tires and, and the irrigation arrangement was, wasn't working, nosotros had to fix that again and over again.
Yeah, a lot of hard work, merely you made it here y'all are with no doubt how's it feel very
amazing
And you come up all the fashion to Tennessee to do your debt costless scripts. Well, nosotros are honored, were honored. Yous guys, yous ladies are your, your family, your heroes for fighting your mode through this. That'south pretty incredible. Great entrepreneurial story. Information technology actually is, it's fascinating to see how they turned it around but arrangement, getting control of the outflow, the expenses. That's the story. Pretty astonishing stuff. And is this, this has got big time potential. I'm guessing now that you've got this thing running well,
I really hope so. That'due south what I'chiliad aiming for.
Salubrious. Well, she has a profit. At present, turn a profit is at the start, uh, enables you to gear up apartment tires on trucks easier. Yes, give thanks goodness. We also
cash flowed. My youngest brother's wedding besides in the middle of it
all. How many brothers and sisters? How many siblings? Three brothers? Three brothers. And you? Yeah, All correct. Are you the oldest, um, in the middle? You're in the centre? Well,
really, there is ane male child, um, he'due south the oldest, he manages all the nursery, she manages the expenses and all the coin and her,
she has a twin brother, which nosotros have
here and and so the youngest brother, he works for his uncle correct at present.
Okay. All right, absurd. That'south wonderful. Peachy family business. And then what do you tell people the key joy you did it? What practise you tell people? The key to getting out of that is
for severe rinse and determination.
I could
non have done it without, you know, a lot of stubbornness in a proficient way because it was hard. It was very hard. Only plus trust in God, learning on a, on a higher level to trust
God.
And we, we too wanted to give like during that time, all of information technology, when my dad was sick, at that place were so many people, they were generous and they came and visited and just so willing to requite. And um, that looked so beautiful to me. Uh, So uh we hope to be that mode too. We want to give and be kind to other people.
I wish my spanish was every bit good as your english. Where'd you learn your english? Both of y'all? Loftier
school from? Little on.
Simply just part of the role of the curriculum. Okay wow. Very cool. Wonderful, very fun. And so proud of you. Ladies and gentlemen, very well washed. Very well done. Well we've got a copy of the legacy journey for yous. That's the uh for certain what you've been involved in here is legacy blazon work and that's the next affiliate in this story for it to go on. Very cool. Um All-time pace gratuitous screaming awhile. Pretty neat.
Dearest this. Very great, very neat and as well a copy of the total money makeover for you to requite away to someone and if you prefer information technology in castilian both of them are available in spanish just to hand out to friends or any. That's happy to assist you Either way. Whatever any is healthy so Splendid. Fantabulous. Excellent. All right. It'due south Joy And her mom ruth from chihuahua Mexico. They paid off the plant nursery. They paid off the the tree concern and made it homo. Absolutely amazing. $119,000 paid off in 4 years.
$250,000 a year. Top line on the business counted down. Let's hear a debt costless scream
321
we're dead free. A trip to Nashville. That'southward fun. I love it. So beautiful. So well done. This is the Ramsey shadow. Yeah. Mhm. Mhm. Mhm. Mhm.
Mhm Coleman Ramsey personality is my co host today. William is in riverside California. Hi William. Welcome to the Ramsey shop. Mhm. Hey, Dave. Hey Ken What's going on? 10 finishing up the proximity principle and looking frontward to your new book. And then congrats on that. Give thanks you. Um yeah. Okay, then here's my situation.
I'k agile duty navy and about to be moving at least three times in 2022. My wife is nearly to graduate from her master's plan in occupational therapy and she'due south going to exist getting her credentials to practice in the first one-half of the new year. We're on babe steps to on our second to last debt which should be paid in the side by side two months. And I would just leave united states of america with $80,000 in pupil loan debt, we're looking forward to making our shovel bigger with my wife existence able to work in the field. So nosotros've been talking a lot about when we will first having kids and we're concerned about balancing the debt snowball and starting our family. So I'd love to see my communication and comfort in this situation. Nosotros don't nosotros don't make up one's mind about kids and marriage is based on debt when it'south time to have babies. Your babies. You lot'll work it out. You lot'll work it out. You've got plenty of room. They're not that expensive.
They don't eat that much. Uh, all this crap that kids. I mean, if you lot have 17 kids, information technology'll break yous. That'due south different. But if y'all're gonna take a babe, you're gonna be just fine, you're gonna be just fine. And the same thing with marriage. The only affair we tell folks about marriage is you need to be on the aforementioned page that you lot're heading in the correct direction together. Simply I don't tell people not to marry someone with that and I don't tell people to not have babies because I got that as a matter of fact, quite the opposite. It's a good reason to have babies. What's the timeline look like? Forget that for just a moment to uh, first trying to have babies with your wife moving into a new career. Have you talked about that a little bit?
You know, we kind of get dorsum and forth because she does have a little flake of shame and you know, the fact that most of the student loan, that is hers and you lot know, I'one thousand telling yous, that'south not a big deal. Um, merely I guess somewhere between when nosotros're moving side by side year, we'd like to at to the lowest degree donors were going to be coming off of nascence control before long. And um, we're just kind of looking forrad to perchance mid-2022. Yes, I think it's a shame that's getting us. Uh, no, in that location is no shame, babies are God'due south gift babies are the best thing ever happened to me and she's she's going to pay that off. She's gonna make very skillful money every bit an occupational therapist. Yous guys are on the path. You know how to pay this off. You lot're gonna get in that location, accept the babies and you're gonna get through the infant steps. All right, permit'due south go alee and say she'due south probably an occupational therapist for a while. Yeah, because yous've got to clean this mess upwards. That's exactly right.
And so it's non like she'south gonna be a stay at home mom. Y'all don't accept, you don't accept the upkeep for that, but it'due south not that you tin can't take kids for certain. Y'all know what y'all wanna do? It sounds like y'all already are. I missed the part where like, I'one thousand going to say no when they're going to become back on nascency control, that's that's really awkward. His credit. But no, I'm definitely not going there. So um I can't believe I said that out loud. But anyhow, that'due south what he said. That's what he said. So it's a picayune warm in the studio all of a sudden for me. I don't know almost everyone else know they'll get it.
I mean, y'all know, look, she she could be a working mom and shell this thing and that's beautiful bows with us in Miami, a bo how are you? I'm good, dave, I'yard like so freaked out that I'k on air right now. Okay, it'due south okay. Nosotros've never lost a patient. That's pretty skilful. This is crazy. Okay. Uh yeah, I'g bo I'chiliad in Miami, I currently make 35,000. I work for a nonprofit that I really, really dear and they just chosen me and asked me if I'd exist willing to continue working for them, just in a different country and I'm torn considering this is really what I want to do and I like the work, but information technology doesn't current of air up with the amount of money I think doesn't line upwardly with paying off my debt in two years. Then I don't know. It'south like I'grand torn about whether I should become with the career and like actually allow similar fabulous tragedy or whether I should stick to the numbers and then working out after that, I actually want to be that complimentary as soon as possible. But I was going to find out 34 30 possibly not 25 you're going to pay off the debt in two years if yous stay in the electric current situation making 35,000?
No, no. What I brand right at present, 35 is not going to get me that in 2 years. What? Yous already paid off 23,000 and I take 59,000 to go, Okay, well fans, first of all, fantastic. And then how much money do you summate that you would need to make to be able to pay off the debt in 2 years or even less. What'due south that number? That's like 70 1000. That's almost $70,000. And I already do like full time work with the not profit. And so Right, what do yous and yous're making, you're making $35,000 with this nonprofit. And so some other 35,000 really similar 37. Lamentable.
37. Okay, peachy. Well here's the bargain. If if I just want to requite you an alternating A narrative for a second, if you were to go get a $seventy,000 task. And in this economy you tin right at present yous probably could, if y'all're qualified or you could get at that place, yous could make that coin. You lot can also get a side hustle a good, you know, uh second job and really busted and you could get in that location and make that kind of money. Merely if you lot weren't doing this work that you love, you lot wouldn't exist able to do that for very long. You could do it long enough to pay off that debt and and so get back into the nonprofit world. That is a feasible choice. Uh, but you take to exist okay with that or you lot tin stay there and work for this this organisation that y'all really, really love doing, the work that you know, you're supposed to practice and then yous simply busted and you lot work hard, You lot really just cut cut, cut cut cut in every waking hour At 25 years of age that you're not doing that work you love, you're doing work, you have to do. And I recollect you tin get there. So I think you've got a couple options.
They're well-nigh a third pick. Oh, hither we go. Where we find something that pays lxx or $100,000 a year that yous love doing that is a viable pick every bit well. Information technology's not but the nonprofit. Why do you have to brand less to dearest what you're doing? I don't empathize this concept. I don't think you lot should make more doing what yous love. Yes. And part of me thinks like, what is it about your work that yous beloved? Well, I love that. I become to share the gospel and I dear that I get to like really work with people like that are tiled communities like answer to the needs and the people effectually them. That's very absurd.
And so do I. Yep. And I make a lot more than than 35,000 share the gospel every day. Yeah. I just, I've never been offer like a job while I have a job. And so it'southward kind of hard. I'm not, I'yard not, I'm not challenging the job. I'thousand merely saying that I think the things that you are doing could be done a lot of different things that jazz, you could exist done a lot of different means and it doesn't fifty-fifty necessarily have to be under the heading of non profit. That'due south right. Non profits, not in the bible not profit is an IRS designation. It doesn't brand information technology holy or righteous because information technology's non turn a profit. It but means they're broke.
Yeah. So what we're saying is, you're non, you lot're not destined to 35,000. Yous can brand more doing work. That is ministry related. Uh, and you can make more. Uh, and I recall y'all will at 25 you're still very young. But, just the reality is y'all got some serious options hither. I wouldn't say no to this. The full general question, the kickoff question was, should I take this job? I've been offered an opportunity, only it doesn't make as much is I would similar to make to pay off the debt as fast as I desire to pay it off. What she's already in the 37 five. She'due south talking nigh moving to some other country than a similar matter at less coin even still.
And so, um, no, I don't call up yous tin can brand information technology make the move to the other states. So, um, here'southward the matter, what I'm trying to shake up hither and I'm being snarky to do information technology, which is my normal method. Um, is the the narrative, the idea that a you lot have to make less to do what you love. That'southward simply non truthful. Information technology should be the other way and be that in social club for yous to exist able to share the gospel and minister in the community, that it has to be in a nonprofit setting. Or information technology has to be an upsetting where you don't become paid anything and none of that is truthful that those are not truthful narratives. And so yous tin can be a compassionate, kind giving, generous person working in a compassionate, giving kind, generous system uh that is christian based and sharing the Gospel and at that place's a lot of places that volition pay more than 35,000 doing that. Yep. And I desire to point out the last slice of that though, that if you know, let's accept a teacher and are the largest millionaire report ever done by Ramsey solutions, third largest group of network millionaires teachers, median bacon. The media in the U.s.a. is 60,000. When you notice that work y'all love, uh you tin yet pay off debt and you can still be a millionaire, but you're gonna have to live differently and cut your expenses and you have to have a second chore from fourth dimension to fourth dimension to pay off that debt. So you know, information technology's not about the size of the salary, it's what's my lifestyle to exercise the work that I love depending on the profession.
Beautiful thing about the generation of people in their 20s, I recollect we call it the Peace Corps generation because they have a heart to serve the community, even if they have different belief systems, unlike faiths, there'south a center to serve that's cute. This is the Ramsey evidence, hey, it's kelly. Associate producer for the Ramsey prove. This episode is over. But if you heard about an outcome, product or service and didn't have a run a risk to write it down, don't worry, we list everything you've heard nearly during this episode of the podcast. Evidence notes section or head to the Ramsey testify dot com. Thanks for listening. Money isn't the simply thing we talk about around here. Get life irresolute advice on your career from my good friend and career expert ken Coleman Oh Makin Coleman'due south bear witness, according to a contempo gallup poll, near seventy% of americans are disengaged at work. If you dread going into work every mon morning time and you're but trying to make it to the weekend ken Coleman bear witness is for y'all. Everyone has a sweet spot. Your sugariness spot is at the intersection of your greatest talent and greatest passion.
We will help you discover what it is y'all were born to exercise and then we'll help you create a plan to make your dream job a reality you matter and you lot accept what it takes to join the chat on the ken Coleman prove, Hear more than from the Ramsey network, including the ken Coleman show wherever yous listen to podcasts. Hey, it'due south James producer of the Ramsey show, this episode is over, but bank check the episode notes for links to products and services you heard about during this episode. Cheers for listening
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