20 Episode results for "Twenty Three Months"

Leaning out with Marissa Orr

The 43 Percent

28:36 min | 1 year ago

Leaning out with Marissa Orr

"Vega help us learn more about you visit wonder media network DOT COM forward slash survey to share your thoughts and be entered to win before we dive in I have a quick request we are eager to know more about our audience so we created a short listener and have an awesome week talks for thousands of people in the US Europe and Asia Pacific at companies and universities including Google twitter pace new school leaned book clean out the Truth About Women Power and the workplace after fifteen years of working today's top tech giant's she has conducted speaker when I first described this podcast I did so by saying I wanted to tell more stories of what was possible for women working navigate family careers every can express and more in our conversation she shared more about her own experiences as a mom research and what she means by lean out into school and usually come back and work at my desk I work from home I I write I'm out there this show forgets about the leaning in or leaning out debate and talks to women about their paths towards creating a life that includes both family and career because I do you mind sharing a little bit about what your current what your current experiences like you know you're they were babies Twins were surprised I mean we were going to have a second but not quickly and then I found out it was twins so it was going from zero to three kids I thought about things very differently that was today's guest Morris Supper Mussa is a former Google and facebook executive bestselling author and leaderships turn nine in November and my older son is eleven while so you have twins analyzing year old that's pretty pretty busy time you know it's easier now mom like what is your what is the day in the life like for you right now I have three kids and I'm single mom so I train wake up read an hour thing in between while moving past the lean in or lean out debate so I am so appreciative to have been able to connect with Marissa who's the author of the Bestseller I never felt I belonged in that world and I felt day with a lot of times I was hustling for my own self worth to prove to myself L. and others that you know I was good at my job and in person I always felt I did things very different for a lot of women working fulltime for those working from home yeah and so how old are your kids again might twins will they start at third grade think episode notes welcome to season two of the forty three percents I'm Claudia Reuter I literally all I did was take care of babies and work and babies and work and it was a really tough time her before they wake up and go to school so that I got some things done and off my plea before they leave and then I take the can't conferences and events so either writing and writing my keynotes in practicing doing a bunch of other marketing book promotional related two years and they were you know I was working fulltime at Google in the city at that point and has a black hole in my memory because I've been there for so long at that point I also six weeks of vacation so I took it turns out piled up my vacation I took about six months I also got very depressed during that time I'll be honest resolves in the middle of the wind her and you know being home with titties workout and run all the errands for the kids like when my energy is is starting to fade usually in the early afternoon and Ansah purposes but it doesn't turn out anything like you thought it was going to at this point now I was at a real low point it was very isolating in dark my brain and and and having something to my identity more than being a mom it was really really getting to me so it was just interesting how it flipped like that and so ending on me and I what she would turn out to be quintessential archetype ball bully and that whole experience bro Yes so I was at Google for just about thirteen years and facebook was a very different experience than I had anticipated education but I'm just curious like did you have any time to Google is very generous with an and I was working at the time and they're very generous in their leave and because I knew what I was doing I would be able to prove myself facebook in such a way that I could you know easily get the same kind give pursue right you're right you're writer you're you're speaking on you've really built this. This career is an author entrepreneur right I couldn't wait to get back to work I mean I wanted to work less hours like more time at home with my son but at the same time not easing babies in a toddler every day in the winter you know it was it was I was looking forward to getting back to by the end I just felt like a shell Nand hang out after school I don't see that I can have those hours to work and then just hang out homework dinner so very typical I suppose I had a lot of flexibility at a great manager she gave me a lot of autonomy you know once you built your career to that point I was under the mistaken assumption that I once you get through something like that you really feel you can handle a lot more than you thought so you had a baby that was just like still little rightly it didn't matter so the bullying started very quickly and I soon realized there was a whole HR investigation for over one or two he was to just turn to the twins were born so you had a two year old annual twins did you take a full maternity leave and I'm not that that's like a at that time and is particularly with my first son the for it was interesting because I would say the first two months of that maternity leave I cried all the time thinking about having to go back do you remember a moment where you thought okay this is at I'm stepping away from this to do something for me and my family or things that facebook turn the situation at I admit that S- naive but that was where I was at the time the women who have recruited me ended up really previously Google has written this female leadership lecture series in my as a passion project is a side project and so all those things coming together and everybody in my life was encouraging me to go back to Google or to find a different job intact 'cause they right in terms nobody should have to subject themselves that kind of abuse at work what that situation really force me to come to terms with was I was never going to be of myself my kids are twenty three months apart and they've never merges feeling like it's just a lot to get through the day I felt very fortunate to have me frankly like straight up Buddhist because I started searching for ways to gain control of my emotional response in not an doc me so at this point you've still got young kids your your past the the total baby stage but you're still in it you've started a new job at another great company for all in and I knew that her power over me in a career context is absolute by emotionally I could control my reaction so the whole thing turn into my career where Google I was leaving on a high note I got into this new role in the last couple of years there was just really well suited for me I was pretty happy which I did not want to participate that I I totally knew I was going to be fired it was the writing was on the wall for legal reasons they had to wait a year yeah and then NC you're at Google and then you went back so after six months you went back and then at some point according to your book you went over to facebook right where where were you on your journey then oh I was fired and again I say this in the first sentence of the book so it's not a secret but when I was fired from facebook in September twenty seventeen in terms of my book is out there in that feels like such an accomplishment by the lack of structure the uncertainty all that stuff thing I needed to do anyway and then it's been just about two year it's been two years now and it's been great the meat makeup political power move which she is very much a political animal this this woman the executive that hire me by you know truly happy or realize my potential in the corporate structure I'm super creative person and Mike Son it's not easy I am grateful I would not have it any other way but there's something to be said for that steady paycheck and benefits gently turn very quickly it wasn't like there was this phase where everything was great in the term by the third week meet one on one meeting Shamburg that I had asked her signed for a different era right it wasn't designed with technology in mind it wasn't designed it was designed to the factory mindset of nine to five and we've all been kind of pulling on but you've you've taken the your reaction you've taken this positive focus on really rethinking why why it is the way it is right and into feel some I felt very powerless in that scenario and I knew that the first thing I had to regain power over with myself in my reactions in so it's really when I started this journey he just really wanted to reach out to her and that meeting happened my second week facebook the woman who had recruited me saw that meeting is my attempt at appear in for me you know what we're what were some of the things that moated motivated you to rethink what you're doing and you're out in what is really a very cree- to quit because they'll irresponsible right like I'm a single mom of three kids what what am I thinking like I am there it's and psychology and all that stuff so it was really stitching together what I learned from my research with my personal practical experiences that gave birth to this premise that to find satisfaction apart from the corporate structure and when I think about the some of the challenges with the corporate structure I think about the fact that it was through passionless this lecture series that had grown shoe I presented it at other companies in a couple colleges in New York City when I was at Google on a hit put it sure bution so on a team no two people can be equally amazing are equally terrible you're either better or worse than your teammates and then when you couple let me in person for a minute as an introduction at a conference because you know we have a very similar background in terms of week rough missing neighborhood and all this stuff and I headed the time with the fact that most of us were in were in an information knowledge economy the output of our work is invisible you we create strategies right you're also you're not just reading a book you're sharing pretty per obviously pretty personal experiences and pretty low moments right in your career journey died to deal with the situation at facebook so I kind of used the experience their work on this dream I had of turning those lectures into a book and working my at the time my then husband I can begged him like we have to figure it out I can't work I can't leave my baby and then as the foreign five month mark rolled around you know first of all people are against each other rate because if you and I have to compete for promotion Senate since then what do you you know you brought up something else that you brought up the idea that there's a dynamic among colleagues and Co workers that can be ability on who's talented and doing a good job and you couple that with a zero sum gain you get these toxic dynamics where area to judge our work it becomes political so rewards these set of behaviors like aggression of meditation and I'd wake up really early in I learned you know in order to I decided I was going to write the book and use the experience at facebook as you're writing structure essentially as a zero sum game for power because if you win the promotion I lose the promotion and Google and facebook your graded on connections and when we can forge those in pursuit of a common goal women are really unstoppable but the zero sand name the source of income for my house so when I was fired I chose to see it as a gift like it the universe is giving me a kick in the by for in lean out one of which is what you're talking about with the dynamic of Co workers and what that would I talk about is the fact that the corporate more better we're motivated by competitive pursuits so these competitions a lot of times you know power inherent in women is is there is relationship there are so fewer women in leadership positions across the board right not any one company but across the board there's fewer women and top leadership positions certainly fewer I think in one part of your book you talked about the idea that you know the structures that are there people need to come up with another way out with his salary as long as I could until I had gotten farther along main career so it's kind of working on the new career as a side project so intact there's there's a scaredy mindset on what's possible I think that we've conflated the term leader with manager with a manager it compromises your broader goals in life and reduces the quality of your life. I mean how can we call that a win you know a public speaker 'cause I love getting onstage talking to women so I didn't want this woman to have power over me it's a tricky use of language women do aspire to be leaders in their leaders female leaders everywhere working longer hours and playing office politics or marketing campaigns or impact we make on the business sometimes can't really be discerned large organization there's so many people around people that you're trying to serve and that's not progress I loved talking with Marissa and hearing her that compromise the quality of our relationship on top of that we have to compete for the promotion without some sort of objective criteria what's on how the corporate world encourage us to compete against each other rather than work with each other I much prefer to work collectively towards a common goal and that's exactly what Beta brand is doing they are crowd funding platform for fashion Beta brand welcomes feedback and brings crowd sourced ideas wit in on this month on the state every week and work on my budget to seal take me but then that date kept getting pushed out in honestly I don't know if I would have had the current the corporate world overall plus I am very big research nerd I have a fascination four-lane obsession with behavioral science such a smart design they're comfortable work appropriate and versatile they've got styles for different shapes different sizes and tastes Kabuki cut straight leg skinny cropped and more they come in standard colors like black navy grey khaki and with seasonal and in addition colors released monthly Beta brand reminds women that they should never have to compromise when it comes to being comfortable and looking amaze imminence in self promotion the combination can be toxic especially for women because for salt research shows that on average more so many different things it's really hard to know who's doing a good job or she's even doing work at all so when you layer this sort of invisible seem to get your own pair visit Beta brand dot com slash forty three percent to get twenty percent off that's b e more women are motivated by and perform veteran collaborative win win environments whereas men are more the opposite is true for men or the creative person I like to dig into the work and solve problems and really create stuff which is not what you you're you're in place have to obey usually managers of total power over your your career and the problem is we only we only call these executive positions Tom Yeah no one it's so well I'd love your perspective one of the things I've been wondering about do you did you see any correlation between we talk about how doing your manager your linear your opera your operational person and you are in a position of formal authority right the leadership roles and so when we see few women there we can say which is a large premise in lean in sheryl sandberg caused the leadership ambition there's there's this problem with how we measure female progress in quality because when you only measure it on salary the wage gap numbers T. A. B. R. A. N. D. dot com slash four three P. E. R. C. E. N. T. to get twenty percents and even the social structure which I miss so Yang no-one think there's there's a there's there's so much courage in what you did too because you're straight into the design room. Shoppers can vote for designs to become crowd funded projects on the site it's just one of the reasons why I love Beta brands dressed games in the pub politics at work really women against each other they are road the fabric of female relationships which in a lot of cases is one of the very things that make us strong the reason that I suggest for let me give you a personal example of why I don't WanNa be CEO in extrapolate. I'm very like I said I'm very can't yoga pants they take into account what women really want and work collaboratively to make the best pants possible the dress pants yoga pants and so I don't want to be a CEO for many reasons one is you know I really prefer balance and and it's just not interesting to me as a creative person in that's what happened to me Google which was I couldn't be promoted above the level that I was without starting to manage more and more people which is just something that I didn't soccer Berg though right like who are the ones starting at that the policies that maybe they they set forth could could radically transform some sort of even power dynamic in the best you know wins or something like that and I- power structures are really hard to chain sit down and actually write it but the book isn't born you know the premises born from experience at facebook it was really looking at the Mike I feel like we as a society don't necessarily put our dollars behind the things we say we care about you know in a really really interesting to your point if we did I think CEO's and call the gender gap than in many cases it can if you saw it you might compromise the the wellbeing of the nobody wants to talk about it because you feel like you're complaining about your job but it is actually really stressful which is really another big you know as as earlier in her career and has to pay for childcare and the childcare is eating up you know huge percentage of our take home pay and in you know CEO is really unlikely to change anything about that structure because it's a threat to their power so I do think that the change experience and childcare you know for the younger years none of it matches what happens in the corporate environment none of it so it's like it causes on wants to do I'm an entrepreneur loves starting things and so I guess I have sort of an idealistic view that if there were more women who were the mark in gap that women don't aspire to be leaders the same degree as men in her whole book is really about why in my point is not really because you have to take into account the power structure it's a very uneven power structure person above you has almost total power over you and then as you get higher in that structure toxic and what did you find there were writing so the experience at facebook was really just fortuitous events that that caused me the same time it's certainly not enough to give that child care provider a quality of life and so on like we it seems like we just there's these structural issues that are so much more of the so much more the source than a culture that AH women have and so I hope that by being honest about them and putting them out on the table that we can sort of address are everybody likes different things if we're going for diversity trying to get everybody to want the same things as the exact opposite in part of off your dress pants yoga pants today there is this kind of step where it's like well are you going to get into management are keep doing what you're doing tonight her to power it becomes more concentrated is the word I'm looking for so it's not just a collection people because a collection of people assume that there's hi Leeann they make you feel like if you

Vega Beta CEO six months two years two year forty three percent twenty three months thirteen years twenty percent fifteen years five month two months six weeks
Qualy #61 -  Rapamycin in cancer treatment

The Peter Attia Drive

10:13 min | 1 year ago

Qualy #61 - Rapamycin in cancer treatment

"Procam to the quality's a subscriber exclusive podcast qualities. Just shorthand slang playing for a qualification round. which is something you do? Prior to the race just a little bit quicker qualities podcast features episodes that are short. And we're hoping for less than ten minutes. Each which highlight the best questions topics tactics etcetera disgust on previous episodes of the drive. We recognize many of you as new listeners. To The podcast may not have have a time to go back and listen to every episode. Those of you have already listened may have forgotten so the new episodes of the qualities are going to be released Tuesday through Friday and they're going to be published exclusively in our private subscriber. Only podcast feed now occasionally. We're going to release quality episodes in the main fee. which is what you're about to hear now if you enjoy these episodes and if you're are interested in hearing more as well as receiving all the other subscriber exclusive content which is growing by the month you can visit us at PTA DOT com forward slash? Subscribe it's without further delay. I hope you enjoy today's quality and so there's really two different questions I would be if you take a patient with cancer and you. Inhibit 'em tour. Is it not helpful. Because the tumor has already evolved so much to be outside of 'em tours purview. Or is it it's actually harmful and that's of course separate right from the option. That could be helpful right so my understanding of the clinical literature in humans is that for most cancers cancer's once it's reached the point of diagnosis. That rapamycin is disappointing in its effectiveness not particularly effective. That's not true for all cancers answers but for most cancers it has not been as effective as you might expect given that we know that activation of 'em tour is common when you get high proliferation and the turning down or should stop that turn off so I think I think you're probably right. That at least part of the story is that one of the steps it's in the progression to cancer is evolving to ignore that signal to break a turning down. MTR So rapamycin may not be effective there. I think it's a complicated System though because the effects of rapamycin on the immune system could have beneficial effects in terms of cancer or detrimental effects so we know that immune surveillance is probably the most important anticancer mechanism or certainly one of the most important anticancer mechanisms and we know that immune function goes down with age. That's probably one of the reasons. Why most cancers or age related so if you can boost age related immune function with rapamycin enhance immune surveillance? That's going to have a potent anticancer mechanism and again. This is my guess. My guess is that's why we see in the studies in mice that cancers are pushed back during aging by Rapamycin on the other hand. If the dose of Rapamycin is high enough. That you're actually inhibiting immune function that could be. You could permit amplifies. And there's not a lot of data yet so we did one study in My lab where we gave my. I think it's the highest dose that's ever been given in the context of aging to study. This was a daily injection of eight milligrams per kilogram. Plus we call it the party. Yeah right right and so this was a study where we only gave the mice rapamycin for three months so this was from twenty to twenty three months and then we stopped the treatment and what was interesting there was we got completely different effects in male mice versus female l. mice the male mice lived sixty percent longer after the end of treatment. They had better muscle function. They got cancer. The female mice had not difference in lifespan. The mice got rapamycin. Didn't get rapamycin but they died with. I want to say from but it's hard to say for sure what a mouse dies from. They died with very different types of cancers so the female mice that had gotten this high dose of Rapamycin for three months all had aggressive support at cancers whereas about I think it was about thirty or forty percent of the vehicle treated mice so in black six. That's not an unusual. But but none of the rapamycin treated mice had non appointed cancers whereas like sixty percent of the mice. That didn't rapper myself. A two thousand nine study that kicked all this off. Actually Louis show a greater survival benefit in the female mice. Didn't that's right so I think again this gas because I don't actually have the data to back it up. My guess is that because we pushed the the dose so high we might have actually taken it too far in the female so one school of thought is that female mice. At least we don't know if this is true in any other organism female mice are more sensitive to rapamycin and that could either be that they don't clear the drug as quickly or that for whatever reason in female mice the same amount of rapamycin has a greater or inhibitory effect. But that's one school of thought and I think that's right so at lower doses of the drug you see via bigger lifespan benefit in females than males. You repeat that experimented four megs per cake or something we haven't with we should so we did. Do I just need to tell you it. Pool of money just answer all the most important questions. Yeah and I think the dose response is really important. We did do a lower dose for three months as well well and there. We saw increases in lifespan. Both males and females roughly the same magnitude. So it was that dose was nine times higher than what the ATP tested well so one the things. It's interesting though is as you go higher in dose so three times higher than what they originally tested the females still live a little bit longer but the difference between males and females males. The gap has closed quite a bit so I think that females for whatever reason at a given concentration of rapamycin are just more affected by that amount of the drug and I think what we did in our high dose study is we just pushed it a little too far. We've pushed it to the point. Where rapamycin did something? Probably I believe the immune system that that allowed these immune cancers to to escape surveillance or become hyper proliferative and again. I'm not I'm not a cancer biologist. I'm not an immunologist so I don't I don't have a good feel for. What the mechanism is I can tell you what the observation is? And that's all of those animals had aggressive adequate cancer's when they got this three months of rapamycin just out of curiosity more be seller T.. Cell do you recall. I don't recall it's in the paper. We can look it up because there's an opportunity here the reverse right. I mean there's an opportunity to take right now. We're seeing just an unbelievable amount of activity in adoptive cell therapy and really when you talk about like checkpoint inhibitors and things like that and it makes you wonder. Are there ways to make these things better. Maybe the check points the wrong example because you might get more auto immunity but but certainly you're talking about adoptive cell therapy anything. Anything that could boost either CD eight function or inhibit the rags or something. There might be ways almost makes you wonder if using rapamycin in in a different manner in combination with immune based therapy might make more sense. Yeah no I think there's a lot that could be done there for sure. Part of the reason why we haven't explored this discussed in more detail of one reason again as I said I'm not a cancer biologist. So it's not. It's not the thing I'm most interested and I think it's really interesting biology. But it's not the thing I'm most interested in but I also feel like because the dose that we gave was so high that again thinking translational about rapamycin as as drug in the context of aging my feeling Ling. Is that what we've uncovered here is not going to be relevant at the doses that we would think about giving too so. That's why I haven't really spent a lot of my time trying to figure out what's going on there. But I think certainly in the context of cancer immune therapies. I think we do need to think a little bit more about about how effective those kinds of therapies are going to be in the elderly and maybe something like rapamycin could help could actually enhance the ability. Eddie of this. I mean this question. You posed when when David Sabatini Tim ferriss nabbed on Easter Island. Year ago. Over a year ago this might have been our favorite favorite mealtime discussion. Which is what best explains the increase in cancer incidence with age being in other words? What the primary primary driver be the reduction in immune surveillance or the length of time to accumulate mutations or the frequency of mutations like I mean it's not an obvious? CBS Aunts and I don't think it has to be just one. It's all those things. Yeah Yeah I certainly over. The last few years have come to think that the decline in immune the function is more important than I had initially thought that. That's my secretly. Want that to be the biggest driver because I think we have a better chance to control that and some of the other ones and I think it probably that would be my guess and I also think it kind of makes sense that if you have an immune system that's functioning the way it's supposed stu you can actually deal with the mutation accumulation because your immune system is going to clear those Before they become problems. Hope you enjoyed today's quality. Now sit tight for that legal disclaimer. This podcast is for general informational purposes. Only and does not constitute the practice of medicine nursing or other professional professional healthcare services including the giving of medical advice and note. No doctor patient relationship is for the use of this information and the materials linked to the podcast is at the user's own risk. The content of this podcast is not intended to be a substitute for professional medical advice. Diagnoses or treat users should not disregard or Selena -taining medical advice for any medical condition. They have and should seek the assistance of their healthcare professionals for any such conditions lastly and perhaps most importantly take conflicts of interest. Very seriously for all of my disclosures companies I invest in and advise please visit Peter Attiyah M._d.. Dot Com forward slash about.

Rapamycin MTR Selena ATP Peter Attiyah Louis CBS David Sabatini Tim ferriss Eddie Easter Island three months sixty percent twenty three months forty percent ten minutes
"When I got pregnant with my first daughter, I didn't think that I changed, but I felt like the world's perception of me changed." - Amy Nelson on the impact of motherhood

Skimm'd from The Couch

30:58 min | 1 year ago

"When I got pregnant with my first daughter, I didn't think that I changed, but I felt like the world's perception of me changed." - Amy Nelson on the impact of motherhood

"My colleagues bosses I'm Carly's Aken I'm Danielle Weisberg welcome to skim from the couch this podcast is where we go deep on career advice when I became a mom really actually when I got pregnant with my first daughter the world around me kind of changed I didn't think that I changed but I felt like the world's perception of me changed specifically for everyone and is now positioning itself as a modern membership network of community content resources and Co working spaces built by women from a couch so what better place to talk it all out than where it began on a couch arm of the campaign fundraising what is your typical day look like so that's a hard question between four kids in the startup I don't for everyone with firm belief that Motherhood should not be an impediment to your career opportunities amy launch the riveter while pregnant with her third daughter today our guest is Amy Nelson Co founder of the Riveter a company which started as a series of co working spaces built by women daughter Amy we've been a fan and watching and cheering about what the riveter has been doing we're really excited to have you here welcome to the couch thanks so much for and in the two years since the rotor has expanded to ten locations nationally all while growing her family in June amy welcomed her fourth it'd Peleton with community because that is so fucking hard to do yourself why are you the most driven person ever was funny because I actually mental breakdown well in my apartment which I don't the thought of getting on it that early in the morning I think I could do it maybe once a year that's why they create not I mean linked to the profile is my involvement with politics so I was on Obama's National Finance Committee and I was one of the National Co founders of Jenn forty four which was the under forty you and Practiced First Amendment and financial litigation for a decade before starting their bitter what's not near Lincoln profile that we should know the thing that is actually got the Peleton treadmill used to love going to classes because it is incredibly hard to motivate did not sponsor this but they probably should today we talk a lot about life hacks and productivity hacks talk to us about how this came to be so when I was a lawyer there is agony so let's get into it I just skim your resume for us yes oh I grew up in Ohio my first job as a lifeguard and then a nanny but I realized I wasn't my kids as much as I wanted to and look my career is really demanding but I have deep joy and spending time with my kids and I love it have a typical day right now when I'm in Seattle where I live we start the day really early I try to get up and get in thirty minutes on the treadmill before my kids wake up so that's a five am wake yeah we're GONNA WE'RE GONNA stop you're a little bit because neither of us has kids yet and the idea of waking up and even if I had a treadmill the shadow you want but I love to go to classes that after I had my third child it was like that's not happening anymore because somebody's always getting up really server I went to college at emory in Atlanta and then I worked for Jimmy Carter at the Carter Center on Elections and democracy around the world I then went to law school at got wait like every morning when I'm in Seattle yeah so it's like an also on the weekends because unfortunately toddlers don't sleep in your youngest early and my husband and I flipped travel schedules a lot because we both travel a lot but the other thing is I am a self admitted very early bird so I was a swimmer growing up so I wasn't else who is in my calendar so I wasn't client services it was really demanding I owned my calendar I didn't have an executive assistant I didn't manage people as a lawyer you kind of go into your job and get out and so when I started the riveter team started growing other people would put things on my calendar and start scheduling things for me which is great and necessary and has to happen pool by five am for my entire high school career okay so the other thing we've heard that we just WanNa get into right away is that you schedule blocked off time in your calendar with your kids our nurse I'm nursing my daughter and pump like breastfeeding pumping takes up an inordinate amount of time it's funny I was thinking about it last year and I did the math and it is actually almost wanted to be a mom and I WANNA do it blocked out my calendar chunk of time every day and sometimes it's in the morning and sometimes it's in the evening where it get to see my kids and we can just hang out and so most morning not just constantly checking email but I do have a problem like staying off my phone for long periods of time because I don't know it's hard hard though he didn't let you finish your in girls which is incredible Are you off your phone during that time mostly I will sometimes check it but I asked my team to call if something is super super important so that when I started I spent a Lotta time alone in an office writing and reading and looking at documents and I am about as extroverted as you can get and so I found that to be just isolated she was just born in June sleeping through the night yet so my four month old is leaping tonight I know I shouldn't totally sorry I did not have that experience uh-huh and hang out and play so I love your family I've never met them but I feel like this is just so cute they're fun I have four little my fair share of investors and that I'm out meeting with riveter members and talking to them about what they're doing and then meeting with partners so it's lots of meetings sometimes it's hard to find acidity and more did you think about starting your own practice I did I really thought I just keep practicing law for a very long time the other options didn't put in the hours and I find the heads down time in the evening at work when things are quieter do you still identify as a lawyer interesting question so I think I will always things we have family breakfast where we all sit on the table because family dinner isn't really a reality for us right now but it's great we sit around the table we we talk the children that can't talk I am a hard worker it's a huge part of my identity but I y needed some flexibility I needed to look a little bit different so I thought that I would go out on my own as a lawyer so and those classes were at co working spaces around Seattle and I won't name any names but like they were really male-dominated and it was surprising to me because of co working is felt like the world's perception of me changed specifically my colleagues bosses and I don't think that my experience was singular as a mother and becoming a mother in corporate America and ultimately the full time job to breastfeed for your number of hours you put in so that's like a part of the morning right now once or twice a week I take kids to school and so that's like between eight thirty nine and I started taking classes on like how to write a business plan and how to do financial projections because I had a jd in an MBA and I'm Super Taipei and needed to know those things before I went out and did it supposed to be kind of this harbinger of the future of work and women are half of the workforce why weren't they present again one co working space there beanbags video games cakes did you I started thinking about how I would go out on my own when I was on parental leave with my second daughter reese in this is in the summer of two thousand sixteen and we're going to get into the riveter and what it is Shane how you built it but one question I just have did those classes actually help you you know what I didn't find the paradigm to be working for me where I worked it was kind of very old school in that you had to be at your desk nine to six and with the commute meant I literally didn't see my kids and I wanted to work heads down time my day is really just kind of all around and about in meetings and talking to people and then if I spent the morning with the kids I tend to go home after seven so I just an and on those days I get into office nine fifteen and then a lot of my day is meetings meetings with my team it's brainstorms meeting with investors there has raised over twenty million dollars so I have they seem to be politics because I had that in my background but when I became a mom really actually when I got pregnant with my first daughter the world around me kind of change I didn't think that I changed but I identify as a lawyer in some ways but what I realized is lawyering was a great training ground for me but wasn't the right career for me why was it a career for and lonely and somebody's and I wanted to be around people and I wanted to be my the things I had sought out lawyering to do so entrepreneurship as you know gives you all of that just didn't take those classes and one thing we talk about is like we should have maybe even just for the confidence of going into it but since we didn't I always wonder lead to feed yourself in house yourself without taking a paycheck for a while and I think it's really important that we don't talk about that a lot but you know my husband and I said so it's really interesting I went into litigation because I like problem solving I like people I like thinking on my feet I wanted to be in the courtroom but the thing is as a litigator which was surprising to me there's something super important that we have to address starting a business before you talk about the hustle and the grit and your skill set you have to talk about money get so you have to have the on his salary so it wasn't just me I had him to rely on and it's important to recognize that as well and I'm super grateful for it I feel welcome this wasn't built for them so I thought that instead of building my own legal practice maybe the thing to do would be to build I wanted which would be a community in space for women being really honest I did end up hiring someone to help me build my financial model because you wanted it to work and be real and I wasn't the one that we did as well I'm curious because I think for so many there is the hurdle around will I don't know if my skill set would set me up to start my own business so you just said of like it's really a and ability to learn to do it and so that was the path let's drill down on that I think so many people especially an interesting thing is the classes themselves also all men and that was really surprising to me because I know women are starting so many businesses but when I thought about it for like five seconds I was like well of course aren't women here because the millennial women generation a believe it's like some north of sixty percent say they want to start their own business while the amazing statistic down before I quit my job as an attorney and we made a spreadsheet of our personal financial runway and how long we had where we pay for childcare and live the way we wanted to live sometimes you think entrepreneurship is unattainable. You're like I don't have an NBA. I'm not prepared to do this I don't have the skills while you don't really have to have any skills to start a company you just have to have the grit the hustle eighty learn more at Uber Dot com slash safety that's Uber Dot Com Slash Safety Ping Pong pool like all in one room it's like the exact opposite of what I would choose exactly there's a woman in my mid thirties it wasn't what I was up for yeah I mean I took like four I think one was a series of three classes and other ones like single buses but the thing that gave me confidence in some ways it's like okay I can do this because I think so a very very excited to see this happen you've got a lot of things to think about and not worrying about your safety while you are in a rideshare is one thing all of them did yeah so the one that really helped me a lot was around financial projections because they had no background in finance like that was really helpful and ultimately you have to be in that room on holidays and weekends late at night and so you have to have an enormous amount of grit just to say okay I will push through no matter what I will find a way and it's mm time it was a long time but I had been there for ten years money right so that's like an it's it's also not a long time when you think about it it's more than we had five thousand dollars yeah I mean so in terms of the skill set I think it's really important to identify what you know how to do what you think you can learn and then who you can surround yourself with that knows all the Uber rescreen drivers every year and uses tack to look for issues in between All important things so ride check is just one of the ways uber is committed to save the Hustle and Grit I want you to impact that a little bit for those who are listening how do you approach the skill set gap that maybe you have so I want to back up a minute because that was said someone flippantly and hard I mean you know like there are times it feels like there's no way out so everything you just said is true and has been part of our story enduring you say it it was like being other parts that you need to know and it's hard because I think when you're starting you don't really know what you need to know you figure it out over time but like I've learned over the past two years at my best in the world is hiring people that have more experienced than me when you're walking through a one way door in your walk into a room that you can't get out of and you have to be in that room when it feels almost impossible you have to be in that room when you're so tired you can't do anything take off of your plate so all drivers are background checked before their first ride which includes driving and criminal history checks plus retraction like we'll raise the money but at the same time when I think about it like my stomach tightens around like Oh it was just my reaction how -iety just grams up again what's interesting because we've raised three rounds of funding and I eventually will raise money again and we've got a great business model we've got has a brand new safety feature uses GPS and smartphone sensors it can tact is going unusually off course and check in to provide support and make sure you're okay sir before what your typical day as I do want to finish that so okay we get you're on the treadmill it's five am where sleeping you're saying that what happened you know shower you that are smarter than me that had these really great skill sets but in terms of the grit in the hustle like when you start a company particularly if you take investment funds and you take the venture doc we always relied on Newburgh to get from one place to another but we are very very excited that Uber has launched ride check which is in who lifted from the good stuff like hiring and growing a team to the rough stuff like negotiating your salary and giving or getting hard feedback we started the skin doc distant friends maybe I mean they're not actually people but you know unless there's anything and that's interesting thing to talk about I which at the time we were GonNa make that last but I think it is important to talk about up front it really is because I think there's always a lake jump into your dream do what ever you want and you have to be able to feed yourself and I had to feed kids to write that I had that going look my husband is the ultimate feminist and he supported me in doing this but also so going back to how to become an entrepreneur talk show us a little bit about what grit and Hustle means especially for those that are less because we're in our mid thirty s and there are certain things we didn't want up to how long we could do all of that without me drawing a paycheck his salary and it was twenty three months and exactly how long I had that's all is it to raise those initial rounds yes somebody first round was six hundred thousand dollar angel round and it's really interesting severance like go raise a friends and family round and I'm like the Hallier whatever you know when you look back and you call it like Oh that's your friends and family around I'm like but it's other children so I feel very grateful that's happening right now but I get up really early and try to get in thirty minutes on the treadmill I I just this is a point I'm GonNa say the idea and that's what we need to create an as well our side in the women's side so I raised a six hundred thousand around and I really treated it at the time like a sales process and like the paypal mafia like the founders of pay pal and early employees pay pal made a lot of money they were all men and after they got out they all funded each other I am dot com ends for a little something extra yeah I veer much more toward the New York culture and attitude like I've had to

Uber Dot Carly Danielle Weisberg NBA thirty minutes two years six hundred thousand dollar twenty million dollars five thousand dollars twenty three months sixty percent five seconds four month ten years
Is Operation Moonshot back?

Coffee House Shots

15:50 min | 4 months ago

Is Operation Moonshot back?

"You can subscribe to the spectator for twelve weeks for only twelve pounds for print and online editions. Plus get six months of digital access. Free to the telegraph goto. Spectator dakota uk ford slash telegraph. Welcome to coffee. Shuts spectators daily politics. Podcast i'm john. Connolly joined today by katie bells and james is now today it's announced that liverpool will be one of the first stages of the moonshot program with everyone in the city offered regular tested to root out the corona virus cases to sauce off. What difference do you think this will make. The hope is that mass testing is the way to returning to some form of sustainable normality. And i think everyone's gone a little bit tired or skeptical of hearing things like this test will be like a pregnancy test home because we did hit a prime minister. Say that very very early on into the pandemic. But i think i think we mentioned this. Focus that over the past few weeks. That is genuine. Optimism and government mass rapid testing not has previously even describes operation moonshot. I suspect that we will not necessarily hear that phrase From some in government talking about news because operation moonshot became bit of a laughing stock. Now matt hancock thinks talks about it but i think because we've had so much Promise of good news. Perhaps not the delivering. I think there is some in government and number ten. He wanted us to be that. It wants to be seen as an extension of the thing that didn't happen before but what we have is the first pilot in the pool and testing ultimately the whole city. And the idea is you can keep track of it if you have rapid testing u. two degree. Get rid of some of the tracing seven so testing and performing well enough well if you have people and we had to point this. The bulk of people dame tasks back when thatched human is tricks becomes. That's complicated to do so. So it eases the whole system in that sense. And i think if you're trying to really optimistic there in seven government had hoped that potentially you could get to the second of december and then have enough depending on things being approved mass test to try and police the infection. That way going on now. I think they're still various ifs in this but we know from early on that testing is really key to keeping track of the virus and i think that there are lots of different types of tests a comment to the overall number tests. That people never put together all the same task. But i think if you see in the pilot and unlivable some are has been quite badly hit by this. They would get control in where they haven't previously that. I think that gives a lot of hope for a way of living with this virus. Whether or not we get a vaccine. Personally i think even though we're hearing lots of acne plans to roll up vaccines. I think that there are significant number of senior figures in government. He think testing is more likely to be the solution. The biggest part of the solution then a vaccine. They hope vaccine welcome. But this is probably the one which you can see the root. You're not just hoping that phase free goes on james. Do you think it's sort of realistic to liverpool ski mobile to scaled up to be nationwide at some points. So i mean the big criticism all this government actually having pretty much the same christmas. Vr government all. The french government is this. Second lockdown is very tactical strategic is all about the tactics of hospital capacity. But what's the strategy. What's your exit strategy for getting out of this current situation and mass testing. Would clearly if you could skate it up literally do the job because one of the big problems with as far as is that most people have it our eighth to matic so they are wondering around in fact young people without realizing one of the four of us sitting here today could be we all right. Pretty socially distanced so hopefully it wouldn't matter and we mobilized the room but the point is that it's very hard to break the chains of transmission if you don't if people aren't presenting symptoms varies impact in the hope. Is that this. These mass tasks would enable you to to break the chain those people then go off and so now. I thought those a freudian slip by boris johnson. Yesterday when he said the only criticism i would accept and then he cracked himself. Not i mean one of the questions is about this problem of people not self isolating. Even that told you buy doesn't try so the big question is whether liverpool you've task you get told opposed. Will people go and sit on the two weeks and contains themselves out of the transmission game now. The government says as passage hoffman. Test of that moment. It's not doing. Is i was like frosty. If you could get up to understand that the we'd get up to a million by the year once you got to two million tests. Today you can test. All of the petition wants a month. A with you. I think this is going to join me on argument that would enable you to break these chains of transmission and therefore control the virus that way but the one of course here is. We've seen lots of hopes of rapid technological solutions to the problem of ours it turns out that inventing of endemic is inherently difficult. But he wanted to interesting about. This is the alternatives trashy this lockdown with tango longer the tron north push the auto parts number of cases right down because one of the difference is one of the things that has may concentrating more successful in terms of and places like that is an hong kong is they got a number of cases right down and so it was much easier to contact. Well as if you look at common feature of the european moment is there are so many cases still overwhelms any attempt to contact tracing. I also think. I mean we're very much. Turn the hypotheticals but does daughter success and you can see how a demon but too i think. When you're talking to industry bodies say music industry six cetera. Mass rapid testing away to you could still in their view. Having events vivian. a craft lodged people again Do you think at some point. The government is going to need to give more So when you mentioned compliance. That james i was just wondering do you think the government perhaps needs give more financial support people who've been told to self isolates and then not showing symptoms for example. They have put some put in place. I think some people argue that is the issue. Interestingly some of the people involved in the nfl jess think that the length of time is actually the bigger problem. The even if you are financially compensated people just two weeks at home is a stretch for anybody. I so i think the other questions. If you have more tasks could you test people to aid as for example one test eight days one test that ten days if you test negative both times you're free to go the other questions enforcement. We carney have large. We break rules yourself. Icy interestingly in If you look in south korea they use mobile phones taiwan. He's a a. Gps enabled apps on your phone download. When your self. I say that basically says johnny left housing shouldn't have done. Now somebody will. You can't accept our civil liberties ground. i'm personally unpersuaded. What the differences between the app on your phone on a massive fine if you leave your house. Apart from the effectiveness of the two measures in news. Last night there was a terrorist attack in vienna which left four dead and seventeen. People believe me wounded manhunts as currently underway for the suspects james. This follows tears attacks overseas in france. Following macron's about political islam do think this is showing that it's spreading from beyond france and schools becoming over. You apply problem. Yes if you look at the gunman who was shot by australian police all signs of terrorist. He had been sentenced to twenty three months. Four traveled to syria to join islamic state. Yet here's now released on back out on the street and he gives it fast say clearly not reformed he clearly is still a jihadist with murderous intent on. I think i think this is going to raise this whole question of. What do you deal with. People who tried either succeeded or trying to go and join islamic state launch of european citizens. Who did that. What do you do about the problem of these people were either because this person had been to prison out again and he's clearly still afraid to as demonstrated to people austria. So how you deal with this issue. I mean this is going to become a bigger and bigger question in europe at the same time. You have a minute look therapy. Thirty eight jarvis attacks in france in two years and he is known from taking a more are he is trying to the program off that you need to combat the ideology of extremism fervor upstream to keep the country safe and that is obviously crazy clamp a clash of people's own. You're eighty people in process or not. I think there's a lot to be said for the macro argument. Because i think i personally think that you did. Extremism works on a spectrum. Right only nagorny as a problem when it becomes von and means that you'll never actually deal with the issue. Because you know. Be able to catch everyone. I know you have to deal with the grievance culture behind it i i think what is particularly challenging moment for europe his visit all societies already for because of lockdown restrictions. I think if if we were to see an upsurge in jihadist at this particular moment i think it will be very challenging since as autism. Bill i think that one of the concerns that particular in france is the country is backing knocked down. The more vs events now would be particularly difficult on the national psyche. And when you next hey. From his own coffeehouse shorts that will perhaps be a new. Us president the election taking place. The day on the result expected later this evening or into the early hours of the morning. Katie how do you think portions in. The uk will be sort of wondering about the result tonight. I think there's an interesting one. That's been in the discourse suggesting a number tannin. Boris johnson hated with biden's again it's democrat and they have much more coming in with trump. I think that is an entirely correct. I didn't he. The cancer is easiest ally full dining straight. I think both prison issues. Igt lacking assumption amongst most in government. Is that joe. Biden will win. Adding some ministers goes far. Think he'll win big but when it comes to what it means for the u k. I think there's challenges in both stages. I think that if is expected in. Joe biden does win. I think that's interesting in terms of trade for one. I mean we talk a lot about this. Uk us trade deal. I think it looks less likely regardless of who wins to be something immediately by teasing your joe biden win specific date. There's just this general sense that it is going to be nowhere near the top of joe biden's agenda and there is some government. He thinks the most likely way we'd actually trade with joe biden would be the trans-pacific partnership where americans join but this is all going to be very slow movements and it's actually quite interesting in a sense that we have the agricultural going free commons this week and that is giving more rights to farmers and spin row behind the scenes about what was seen as a protectionist best the free market is there are many tories all giving being a few rebellions and giving more rights or protections to the farming industry. So i think there has been a bit victory on side but the sense. I guess that's in part because people say well biden is going to win anyway. So why are we fighting about something. Which in large be quite inconsequential actually relate to those. Even coming up the track. I think what donald trump to win it and it would be a shock result. I think that that does present some issues. I think that would be. I think the topic and the issue. Us uk trade deal becoming more potent again and he was dot see divides forming in the tory party. We know this splits and captain and that's something to look out for but also i think that is complicated. Food this government. Because we know there's plenty of things. Disposable say that donald trump and versions disagree on and things like nato and iran deal. I think that would get you know very difficult. You see how why. Donald trump would be reinvigorated to push his opposition to these things and james. We've been talking a lot about the possibility of the facts that for example donald trump might be declared the winner then mail in ballots. Come in that. Joe biden is then sort of declared the winner one seoul counted. Could that put the uk and a bit of a tricky sticky diplomatic situation. Do you think your issues from declare himself. We'll be declared the were. No i mean i think we look the results. There's obviously the because of the nature of the selection. The election run in the us with the responsibility of states. Not the federal government. There's always the possibility of difficult. We have a piece of by and magazine when maher based what the uk government should do if you end up in another bush. V gore or even more acrimonious than bush or two thousand cells that jason with trump kind of refusing to accept defeat. One thing i would say tonight is personally. I'm planning to get up early. Robin and stay up late but if you all staying up late watch carolina if north carolina is will count relatively rapidly accounts. His mailing votes early overslept and north carolina. But it goes for joe biden. Joe biden has a huge number of route. Ciccio hundred and seventy is highly likely for example if north carolina goes biden. But i didn't come become president without either pennsylvania or so what's north carolina early on fought gets time. Do we get north carolina. I might have no carolina as early as kind of one e to eight So if you're watching evanger. Neil tells you on the bbc bot that the bbc are calling north carolina for joe biden. Then i think that means that it is almost us on. The trae biden will be the next president united states if north carolina is very close. Then i think that we are in for a longer more drawn out process. The one thing i would say about bisexual marches. Everyone in the. Us is once twice shy. And therefore the evidence of people who are very reluctant to to the polls as is making this sunday dinner. I was listening to to meet the press and enlisting to the us political. Pundit talks reminded me of everyone here in twenty nine hundred which everyone and see what the evidence the polls are saying everyone can bought. Because all the unrest unrest trump in two thousand sixteen or corbin. Twenty seventeen in this country's case no one quite wants to trust the pulse of much. they do. I think the fact that and this might be rav embarrassing coming tomorrow morning georgia and taxes as genuine in competitive states. Tomorrow i mind seems to indicate that you would not draw. Joe biden election day when donald trump mt scott any prediction and over in britain. Thank you thank you james. Thank you for listening. And i should say if you're staying up late to watch the. Us election do check out the spectator website. We've got loads of coverage planned coffeehouse throughout the nights and into the early hours of the morning thank you.

twelve weeks twelve pounds liverpool ford slash telegraph katie bells james matt hancock two degree joe biden french government boris johnson france uk goto Connolly twenty three months two weeks government donald trump dakota
100: What I've Learned About Influence After 100 Episodes (What's Worked, What Hasn't)

The Influencer Podcast

12:30 min | 2 years ago

100: What I've Learned About Influence After 100 Episodes (What's Worked, What Hasn't)

"You're listening to the influence or podcast episode. One hundred I have to say one of my proudest moments of my career today was having the courage to launch this podcast. When I first started podcasting. I literally had zero experience in radio or podcasting zero experience in interviewing guests zero experience in recording and production in zero experience in editing things like soundbites and audio files when I did have was a dream a laptop and a passion in may to inspire. Teach others what I had learned that and the courage to show up got us where we are today. So I sat down in the tiny guest room of my house with nothing more than my laptop and a one hundred dollar microphone impress record for the first time. No producers, no recording studio. No, massive radio company behind it. Then I press record ninety nine more times. Now here we are twenty three months later. With an incredible platform of education inspiration and resource. It is heard in more than one hundred ninety two countries and has been downloaded millions of times by dreamers and believers like you, but it wasn't all smooth sailing to get here. No. Remember the time. I got wiped off I tunes without warning. Yes. That happened just a few months ago. And if you missed that whole ordeal, and you want to check it out and hear what I learned from it. Then go over to episode number eighty seven Julia Solomon dot net slash eighty-seven. But with missteps aside, the journey of creating this podcast is taught me more about influence than I could have ever imagined. So in honor of today's one hundred episode I'm reflecting on three things. I've learned about what works in what doesn't and this crazy online world that we call influence, so before we dive into our one hundred episode today, I wanna give a shout out to our amazing reviewer this week, and it's simply Sheila, and she said that she recently just started listening to the podcast and she's loving it. So far as a recently new blogger there's so much. I don't know about blogging, social media and influencers Julie gives detailed information about all of these and more importantly brings guests shared their experience. I love hearing how they got from point a to point z. I can't wait to apply. All these tips that I get from this podcast my own blog. Well, thank you. Simply she loved for stopping by. And letting us know how it's helping you really get started, which is one of my favorite things at this podcast ads for so many listeners it helps you take action. Now, I want to hear from more of you who chime in each week, especially today's since it is our one hundred episode, and we are celebrating over here. So make sure to screen shove this episode on your phone and then tag me over on Instagram story at Joel Soloman and hashtag the influence or podcasts. Because that is where I love to hang out. See what you have to say about the episode today. And then I share those screen shots on my story as well. Welcome to the influence or podcast. I'm your host, Julie Salamon, a marketing strategist brand, building experts speaker and New York Times bestselling publicist. This is where I take you behind the scenes with today's top influencers industry insiders and entrepreneurs as they share step-by-step strategies to help you turn your online dreams into purposeful and profitable business, first and foremost focusing on community, building always works. So as an influence or your community is everything these are the people who show up to hear what you have to say. And love what you bring to the world. If you show up consistently and serve them, you will see growth over time and may not happen overnight. But I promise you it will happen. This means committing to the process and putting in the time, you can't just pop onto Instagram once a week posted inspirational, quote, and like a few other people's posts. No, you need to get clear on your values. What do you want to be known for? Then you get clear on your audience. Do they need who are they? And once you get those two things down you can become the service provider your audience needs. And if you want to hear what some of our amazing guests have had to say over the last one hundred episodes. I would encourage you to check out episodes from amazing women like jasmine star and Marie folio who took all about the importance of building a community and building it with passion. And with service now on the flip side, what doesn't work is obsessing over follower. Growth are the next best way to beat the algorithm. Things like loop giveaways follow for follow buying followers. These things just do not work over time. Guys. They do not create a sustainable value based business is just like putting a band aid on it. And then wondering why you keep bleeding all over the place, and they do not get you to the top of your industry. They do not make you the absolute best version of herself. And they do not make you the absolute best at what you're doing. Now. I know a lot of people still do giveaways, and I'm not saying that these are necessarily bad in the short term. But. They don't attract your ideal followers who are genuinely interested in what you have to offer for the most part. So while you might see a quick uptick and followers, you're likely to see it reflected in your engagement and your sales because most of those people were only ever in it for the giveaway, anyway, it's a quick fix to a bigger problem that you need to start healing from the inside. And that is who am I what am I doing here? What problem do I solve what matters to me most? That's how you're going to see the real long-term growth by showing up as your absolute best version of yourself. Now the same goes with follow for follow. These people are only following you to boost their own following. They're in it for themselves. Not for you. So to build a sustainable influence in business. You actually have to have people that want to be influenced by right? So it's crucial to find and focus on the people who are going to become your die hard fans who are going to become your faithful followers. Anything else is just a destroy. Action and an excuse not to show up now buying followers doesn't need an explanation. We know a ton of people that do and maybe it works for them. But for me guys, just don't do it. Quick fixes are playing small and you're better than that. As for the algorithm. Oh my gosh. It's like this algorithm. Monster that's outside your door waiting to beat you down and burn your house down. And that's just not true. If people aren't senior content. It's because your strategy is not working. It's because you don't know what you're doing or it's because you keep doing the same thing over and over again and expecting different results. The algorithm can only work off of what you give it. So if you aren't giving it a clear cut strategy if you aren't connecting and attracting to the audience and actually wants to see your content. The algorithm is not going to let them see your content because he algorithm knows that they don't want to see your content. It's simple guys. And I also think that if we really got still an honest with ourselves, and we would come to know the true. Truth that it's a lot easier to blame the algorithm that it is to keep the spotlight on us and to really focus on what we may. Or may not be doing correctly. What we may. Or may not be really showing up for how we may. Or may not be keeping ourselves small. It's a lot easier to blame something else than it is to look at your own faults in challenges. So I'm going to remind you today focus on what you can control. Which is you you are not powerless to anything that you can control like how you show up in serve your people. So another great thing that works, content, planning and batching. So this one was a game changer for me since I've started the podcast at a major wake up call when I realized how much time I was actually wasting on Instagram without consistently engaging. Posting or growing the truth was I had no schedule, and I had no plan. Right. I was too busy blaming the algorithm and doing things like that to actually. Focus on what I could control. I was working long days yet. I still felt strapped for time. I felt like the algorithm was out to get me. I felt like I couldn't grow. No matter. What I did. So being the goal achiever that I am. I got really honest with myself and turn that situation around real quick. When I started planning my days out one task at a time. I realized how much time it actually had to create content. Most importantly to step back and see what was working, and what really wasn't now I create a content strategy for the next six months and plan content. Six to eight weeks ahead than schedule a couple of days each month to write record everything that needs to get done, and this is freed up so much time for creating new products in programs like my mastermind starting this year, it also frees up so much time to look back data mine and really focused on. Okay. What is working? What is not that is just as important than creating new stuff all the time. He got to look back at what has already worked that you've done. And maybe what hasn't worked that you've done. So what doesn't work in this situation is spending all day on social media with nothing to show for it. Social media without strategy. Well, it's a hobby. If you want to grow your influence, you've got to slow your scroll and get strategic with your time. Now talk about this a lot more an influence or insights episode twenty six so you can give it a listen and swipe my social media at a to'real counter there that can help you over at Julie Salamon dot net Ford slash I twenty six. So another thing that I have noticed that works. Well is creating your own products in diversifying your revenue so affiliates work. Well, yes, we know this. But there has to be a disclaimer affiliates work, well as a supplement as just one of the many revenue streams, you shouldn't put all of your eggs in that basket. Because then you're stuck relying on income from a source that you don't own and in that case, you might as well, just go back to corporate America and work in your cubicle. So what works better than affiliates alone. Well, creating your own products and services with your name on them. If you ask me, this is absolutely vital to sustainable, long term growth, gay guys. You got to create your own products and services. He got a great your own products and services, if you already put the work into building your personal brand, then you have the expertise with the content and identity to back it up. It makes perfect sense to package it into a solution that can serve your audience at a higher level, right? This works. No matter what nature in you could be creating capsule wardrobe collections, creating your own clothing line. Developing your own online course, creating a mastermind launching a workshop series launching an e book watching a book, whatever it is. It just has to have your name on it. So yes, this takes time and commitment, but the reward will be a million times better than the alternative, which is relying on other companies to pay your bills wherever you are in your journey today. Trust that you will learn what you need to know along the way you don't have to have all the answers to star. Art. You just have to start right? Engagement comes from action. Not thought by having the courage to go after your dreams, you can achieve things be on your own limitations and beliefs by having the courage to show up you can create and take up space in this world. And by having the courage to be seen, even when you have no control over the outcome. You can create something incredible producers studios and companies are amazing. But you don't need them to make dreams happen. All you need is the courage to go get it. So here's to one hundred episodes and beyond. Thank you. So so much for walking alongside me on this journey for letting me show up take space in serve you each and every day, it has been an honor and a privilege, and I cannot wait to see what the next one hundred episodes has in store for all of us wanting even more influence or podcast goodness into connect with like minded influencers. Join our Facebook community for daily tips on how to up level your business and chat with my. Self and other listeners. All you. Gotta do is. Visit Facebook dot com forward slash groups. Ford slash the influence or podcast to be a part of this wonderful community. Are you ready to create your own industry leading influence for show notes downloads and action based tips head to WWW dot the influence or podcasts dot com where you can find out more about this week's episode guests and our host Julie Salomon. If you enjoyed this week's episode, please take a minute to go to tunes and leave a review. So we can help other influencers like yourself build their own successful business.

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#385 - Ben Wheatley & Corin Hardy (live in Brighton), Sienna Miller

The Empire Film Podcast

2:04:51 hr | 1 year ago

#385 - Ben Wheatley & Corin Hardy (live in Brighton), Sienna Miller

"There we go show big finish here we go guys on the podcast live the music is playing I oh yeah I'm loving it I'm loving it gyrating this is nice this real good weightless is Helena just when I think he can't get any more wrong about supernatural and nailed it starts tonight doesn't it terrifying no disclosure agreements and believe me guys when I signed one of those my word is my bond unlivable but this place is steeped in Film History Brighton Rock Quadrophenia the remake of Brighton Rock so here which is nice I guess you please welcome James Been screened over here but don't worry it'll be porn hub before the night is out all will be good next up is a man who was her fave wants her beloved supernatural ends in a few months time she's not asking for much she's not really that picky all she wants is for each episode and the final series of supernatural I call it the Fifteenth Series Supernatural is indeed starting tonight in the scoots that's exciting overseas suits if I reveal film I was on anyway this week we're coming to you live from the wonderful inabilities Jukes it did unique my microphone quieter and I'm quite you know AIDS I am Chris Hewitt and welcome to the penultimate show of the first ever and may know that I might not have been able to be here tonight that I had a clash with a big movie I was going to visit the set of a big movie but luckily space it probably lasts forever empire podcast tour and I am truly delighted to be here because listeners of last week show where we were in Liverpool the shooting schedule shifted and here I am so I'm delighted to be here with you guys and I can't say what the film is because I signed one big it because those guys will ab how to do the whole thing again media and Brighton Oh yes we're delighted to be here in Brighton this is the city of course if they call London on C. and the city in a few years time they'll be the only kidding you guys take your take your time it's fine it's all good I'm prepared to wait for as long as it takes no no no by what I'm just saying I do not want I do not want to face the specter of of laws within were here on this is the sort of place you can't walk down the street here you can't suing cattier without hitting someone who strangled strangled stangled Steinfeld Strength Stein the right anyway welcome everybody how are you all we're ready the word strangled shot or stabbed and a Ben Wheatley movie Yes we love Brighton and when I say we of course I mean me I saw we should talk about no okay maybe the not the elephant in the room but there was some fairly big news this way and the apparently the Mike very sensitive might survey sensitive isn't that good tennis with the two leads pressing their nipples together for a minimum of five minutes please welcome but number one fan the new quiz show topless in London under see some of the places we've been to on this tour had you know one or two movies shot there Lisbeth Sean New York the fifty first state colleagues lethal coming on I brought a whole boat load off and with me here tonight I up is our queen she's a lady who is looking for a new TV show to become news story we plan to start with we'll be we're going to do film used today wants whoever we're going straight from this into brexit what a shit show hey guys are raising d'etre I really need to let her know this will you please welcome the editor in chief of Empire Terry sounds like you got busy stuff you're busy guy anyway last but not least is our boss our editor in chief are shining light stylings she'll keep inside so to speak well yes that's all key billions inside shelby that's how you got in that condition anyway armed with Martin Scorsese and his comments about the AMC which if anybody in this room has read the latest issue or the last issue of empire will know biggest surprise of the century an office what's up group is currently a flame with gossip folk were filmmakers as well where he went to New York obviously spent quite time with school safety and did empires first-ever kind of big career pace on Scorsese which is a remarkable piece of writing. If you haven't read it please read it talkback gave James and massive picard on so I'd like to find a level early then hit it repeatedly anyway yes commutes dropped or whatever we're calling it and I go back to the office and Ben Wherever he is and James Nick excitedly talking about this news and what has been happening in the world moving Newsweek Terry I can see from the gleam in your eyes there's something you want to say Terry has blocked how the first twenty minutes to talk about the new Picard Ah yes in the throes of Brechfa is a good whack dream into whoever came up with why get Christie anyway everyone knows what this is about right Oh everyone's been under socialism whatnot and call in Rooney Turning Poirot to uncover potential wrongdoing cover as your Lord Well Doug Can I just say the biggest surprise of my career so far has been sitting in the empire office when the Rebecca Vardi Collini Hey I got shafted obviously by the Internet I'm not going to sit errands I don't agree with that because I do but I also think if Martin Scorsese would like to have an opinion on films I think he's entitled to his opinion and he's a master and a genius I do feel in this situation he could be there's an element potentially possible came from our interview we didn't pull out and put it on the Internet because we're not so lists awful Cretans but I mean Jake classing him as trailers such a if you'd like to begin with your forty points of just right shots in capital letters cinema dates obviously been quite the week cutting Jennifer Aniston chipped in rubbed downey junior has chipped in Neck Ka signed the corner quietly walking Liam saying if you were willing to go out on a limb and say maybe the possibly he's quite wrong Christmas one needs a little slap on his wrist bye Rebecca Fardie wife of change the two journalists who broke the story on fucking instagram this nuts a master criminal is a filmmaker yes he's entitled to his opinions as a filmmaker yes I fully I fully agree with that by the way where you can find it on radio four or did you call in was it like the Rebecca far to get hold of it and she leaked it was all over the place so it was amazing piece by nick suddenly examples of blockbuster brain dead blockbusters out there than the recently as well and so I think picking on them is also a little bit it's a question of this in January so yeah I don't care how you're Kinda open this bottle of water shall we talk about moving news I start to show with some lovely movie they soon happened the day after the knives out screening and someone told Ron Johnson and he was losing his ship this as well just made it amazing it's the country needed to come together pimple like six oh six chow just I just tend from refuse to leave micon it Shakespearean tragedy deep cinema because big broad entertainment however to pick in those films felt a little bit easy to me they're much much worse the he talks about obviously the tech the tech can and that prompted a conversation about marvel and obviously what Scorsese what said was he hadn't seen them it didn't count is this is this is huge for me I love Martin Scorsese I wrote a dissertation of Martin Scorsese when I was at university I wrote in the paper of mine that didn't read it in him it's got these larger than life characters and they go through these massive ridiculous fights and and it's awesome to watch I don't know what definition of cinema he's working I think that the use of the phrase believe he said they're not cinema that's the thing that didn't sit well with me because I had this has a tendency to worship the extremely serious extremely grisly extremely dark films that explore the worst in human nature and maybe that isn't instill and I love Them I love his movies but I don't know if you guys know I'd like the well I'm a bit torn God purpose probably a mistake but I really really interesting thing basically arguing that actually what we should be talking about is what our definition of cinema is and whether you know everyone kind of there is something to be said for I don't love a low of his early stuff I find it very exceptionally brilliantly made and I don't ever want to see maybe come back to the movies at the end there was a bit of a discourse with a capital day which was in with an I don't know what you know how this doesn't meet it but I also I read a really interesting thing on twitter because I didn't delete it infre- and the Elvis the other day and he said this course as he doesn't consider star wars to be cinema in that way either and that's absolutely fair enough so you can see why he wouldn't consider the MCI Dan I appreciate that it's great it's not for me and so you know I think there's room for different different definitions of what constitutes greatness on given they completely finance production it's their film and obviously that's a debate that's been going for the last couple of years filmmakers be weighing in on which is what is cinema expects here I am radio for her and said the endgame had the full spectrum of human emotion on talks about Shakespeare so I'm not obviously the people who work in the movies and also the people joined the movies but hey he's a genius he's got the best eyebrows in the business and so I can't be mad I almost delay twitter for the super great either and maybe that doesn't say great things about us as as a society and maybe some of Martin Scorsese's films are not super by that standard all is worth exploring as a society and and he doesn't have to agree with me on that so an absolutely respect his incredible cinema knowledge and incredible career windfall because of cinema chains holding out for preferred terms and needing to keep exclusive lay in theaters before it goes to that flex which obviously I would presume that flakes on so and I'm not gonNA argue with him but I would love to hear him discuss it in more depth undefined terms and understand exactly where he's coming from because I think that'd be fascinating cinema something that has to be shown I mean arguably right in a cinema in the pictures for a certain amount of time what does it mean when it's made for a streaming the honey trap is that what you're saying a very good sense that cinema somehow being dumbed down these bigs really silly movies are not cinnamon enough themselves when we used to have this thing in the office where we used to kind of try to delineate between Geeks and we said very arbitrary thing to do but it's to try and conveyed cold at the world's biggest budget budget soap-opera any as as I think undeniable it's a soap opera in the same way that you know wwe wrestling is is yeah but I'm not going to pillory him or the EMC you over a comment just because he didn't get the GIG directing I'm the most Marty doesn't mean you have to lash out debate about what he's sitting in Moroni way on the back of Roemer with net flicks so how much stops looking like it's going to get very limited distribution possibly less than they were Azazel full of Shell Okay Nice come on right you know torn like not the IMBRUGLIA here Terry to be on this I want that one what does this work okay Lincoln having fun but if you've been here for the soundcheck we could find all these there were certain people in the Empire Office who think of cinema in terms of awful in terms of artistic expression and Croft and you know they may not be as the bad Guy Black Manta the ship it wasn't his fault he was doing a lot with it was it was a terrible role but anyway he's he's Kazeem Michael Bay Colt Sean Lugano twice be back here for the debate about that one it's going to be an absolute belter what else Asian instantly went to young morpheus so if you don't know who he is he was in well enough about superhero movies but he was in Akron we could go it was just it was reported that they'll be young morpheus and Jim Neo before disgusting news came which I think was an tell you anything about the mythology but they'll know who the second day on whatever she was and that's their thing and then there's people you know I think that's a people who are hotz blast within the cyclopes acknowledge the world in which say a universe exists and I prefer that people like we used to say the geek versus the buff and the Geek maybe once actions because it feels like a superhero moves everywhere it's because so much cinema now is taken up with huge blockbuster films or quite low budget films and those kind of middle films the other things and he's he's rumored to be young morpheus so this is it's a sequel to the Matrix for some reason we've got time travel or it's and what does that do to cinema James so the thing is taught what is missing cinema point it feels like this is just that general onto onto streaming platforms on TV because the big budget movies have such insane marketing campaigns that just take over the entire world is all right next month now fall onto TV which is fantastic we get the most amazing TV with other hat maybe feels more that we're being overloaded with big budget movies because that kind of middle has well you know it's like I don't I would that would not the term us about the having said that I have on many occasions good news and Helen you were excited about another piece of pieces of news on this list yeah the first one I don't know if any of you ever heard of a little musical cold Hamilton can acco of of Laurence Fishburne that was my left in the system or someone's going on I don't know what but he seemed like good casting thing we can I don't WanNa have to choose a side and those are you kidding me I just it was you had to pick a side as well dave welcome call here from Long Denies Chris from London High Krizner thank you egging co-ops livable tile on also ask him his is fine northern but you know you would well he's also barred let's not forget the Irishman is part of a much bigger won't please tell us about it's brilliant James you wouldn't appreciate it so of course the original But I think this is really a casting because fascinating original was a sort of Jamaican accent crab and maybe we don't necessarily want to go that way again but if we wrap that fast because he's awesome he is the best single double role in the show he plays Jefferson and Lafayette and he's the most fabulous thing in Hamilton and he has now been cast as the voice of Sebastian in the Little Mermaid so he officially has crops sorry Akron cast included a guy called defeat digs who you may have seen things like unbreakable kimmy Schmidt or the rundown and he started off as a rapper so that's why the really really fast on in Hamilton was written for him because he it's very easy to sort of take swipes big films and so there's a dumbing down offset yeah I've the only quiet microphone which is probably on purpose thanking fucking took its take them somewhere and the buff maybe once Lamar to tell them something and like I say these are kind of broad things but I do wonder whether sometimes when people make these kind of it should be somebody who's really good with voices and and honestly I would trust him with anything like that so I'm super excited during that cast Marshall Live action all the states to the audience but he does this walk across the stage when he's being Jefferson who's the most obnoxious man in the world and the Mermaid of course yes did you see Dovey digs play Lafayette Jefferson when you made an inordinate amount of money to see Hamilton Amen. I think you're right this who would you cast as a young neil or would you just do the Nemo Cap Salomon Challenge Keanu Reeves eight there is only one canny reeves that can be only the he looked too young made by that that'd be interesting away a few years ago probably never mentioned actually I did actually see him and Lily matinees but but genuinely single God this single high point of that performance is he does a sort of a a I think it's called a pimp walk I apologize if that terminology as offensive but he does this walk what else is happening in the world and movie news there were rumors about the Matrix for went there the rumors about the roommate was it just this night len wiseman he's here then Weisman is going to direct the first official spin off from John Wick the distinguishes young people that have I believe with getting younger and younger and so there we go so to me to me shallow may be interesting Chinese face shining face shiny young face when he's I mean there are moments in this which are just objectively genius when he's putting on an objectively genius objectively genie have genuinely never seen a piece of physical comedy I love him and we didn't see James Corden Governors Jay was wasn't he report Ryan he confirmed it's humbling and Abdul Mateen the second is joining the Matrix for the speculate you know as bad as as John Wick and so they've gone who can we get who is one of the best action directors in Hollywood to make this movie and no one was available so they got len wiseman instead so I'll be excited about this then why spend someone those people who you think is guilty rubbish really I didn't hear about my agent a really good pitcher the mood board and everything all man I'm so sorry vermin nothing it's just emotions it sounds like a sex a sex thing okay what else rubbish says another person who did to get the job guys just deal with the process in your own way okay is he guilty by Association of the movies that he's made you know this is a have you just now found out you didn't get it fan in the house heart four point Oh what else to recall that was all right well he's a he can handle he can handle an action sequence it's going to be ballerina so anyone remember of course you remember twenty three months ago Joel Book Chapter Three and we saw John Jellicoe Houston and the ballerinas and they were clearly being primed to be you should be an awesome ballerina but that is not baked into this so what we have now is about ballerina directed by Len wiseman and that in itself is not necessarily enough to join me who who I should say things go rough frontier though that was I'm responded to a casting call that went aunty no all right do you know why genuinely thing would be hilarious if this movie just hundred ballet aretha Franklin this tally but it's for the National Geographic Channel and they do this analogy series called genius which is actually made it okay very good all right you guys want to weigh in on dovid digs getting crabs or we happy happy Jimbo you probably want to talk about the each and I'm sure this is no fold Elaine Weissman a lot of them are unwatchable bad but he's the director of underworld a good day to die hard over here is called putting on his and he goes starfleet command and he's like this not your house anymore and it's like Oh oh I know the picard and then there was a bit of casting is GonNa drop in the next few days so if that young neo and as you say time travel ah news ten WEISMAN's realized already bad but I don't know what's on the one hand I'm not wildly invested in the store not unlike wait took his great I let the universe that existed which is what gives me hope for this but John Great John Wick is great this is our best about Ballerina turn anything else you WanNa talk about I'm going to jump on something that no hell amounts to talk about Cindy Areva revote long one shop and she I interviewed her for that film and she talked about doing that live in the film because the directs didn't want to put it in imposed there's an amazing one shot that she pretty much hold spy herself singing so she's singing this old heart of mine in a room with Jeff Bridges and there's this incredible going for these top and obviously it's caused quite the well just I mean look yeah the defeat digs turns up and does it Pimp Walk Oh my God he's the best thing ever against guns and everyone dies brilliant awesome okay happy Jimbo what do you think about this actor she worked on Broadway she won Tony showing a grammy for the color purple and if anybody watched about times at the Royal Lucia national and obviously before she became an actor or became I should say a Anglesey also Jonathan del Arco at Hugh the Balk Aren't you see I think I'll spay all the indignity of me banging on about Su seven of nine in the actually did it over and over and her voice is just absolutely exceptional you've you've just gotTa think there were very few women who could tackle Franklin because she is going to be performing aretha songs as part of this and she you know her Jennifer Hudson Bay but she is a remarkable thing about you also the film later on she came to our booth earlier this week and I had a good old matter about the movie and a great many other things besides lots of fun this one do please no you guys at home we're delighted to be joined on the podcast by the star of American Woman Sienna Miller how are you I'm good how are you yeah not bad not bad he'd been has deb a woman whose life is turned upside down with her teenage daughter goes missing presumed dead it's a wonderful acting showcase for Miller we'll talk more about that Charles CIPHERS is back sheriff bracket in Halloween kills that's exciting you can tell the the buzz from the audience that everyone is just losing her shit about this news I'm excited about this because David Gordon Green Danny McBride are bringing everybody who wasn't killed in a Halloween movie it seems the first six Halloween movies he seemed to be tweeting those as Canon which is weird because they raised Halloween too from existence then Halloween three anyway anyway your guest this in this room stacy did because this is another one that we made earlier American woman is out this week and is a fantastic drama starring Sienna Miller initially just a aretha Franklin recording concert live and it's all gospel music and yet it's you know you might think that does not sound like my cup of tea I assure you it everybody around this building from from place to show are you being asked the same question over and over again a few obviously there are a few obvious ones but no does her work inside out and she has the most respect for her and I just think it's going to be amazing and if you haven't seen the Aretha Franklin Film Amazing Grace I cannot recommend it highly enough cup of tea she is incredible in it and isn't Jennifer Hudson Planner as well and a movie is literally called respect it's coming out next year yes yes yes but they seem to be the bring carriages backyard dead from these movies and Charles ciphers is back as a sheriff he was in the first two movies and I'm intrigued. I don't know what they're planning Mitzi Hamilton the they didn't tell Debbie digs that you were in the audience just in case he shot himself live on stage I got one thing I wanNA talk about before we get onto some other stuff is Charles ciphers doesn't mean nothing to anybody except me Charles ciphers and some horror fans in the audience I could see one of the back uh-huh kind of handle it and read the Franklin's sat through the whole show and then came backstage afterwards to say that she enjoyed it and particularly enjoyed her phrasing after the color purple like an she cynthia radio had asked them not she knew she was coming to see the show and she asked them not to tell her which day aretha was going to be there because she's like I can't on male centered stories and that seems to be shifting thank God for me because everybody has a story to tell it it's just interesting we may stray into territory let has been covered elsewhere because this is fantastic film fantastic performance it film is called American woman and not American woman one bit of the Big Song and literally just sang it back to her and she was just like Oh my God I'm so so she's a huge fan she knows I don't know what they're doing I hope they do good shot guys let's it for the movie news section time now for a guest and enjoy at home don't joy here we're not gonNA play it for you guys another to do all the voices nothing to read at a transcript it's just the interview enjoying bucer essential part of my research I spent time with brief parents and and there's a breadth of of kind of stock footage of news conferences brackets and a man clogging up the place where I know you said in the past you know some of the the films you made over the last few years it's the first time that I've really been in charge of a complete narrative in the way that I was in this film I'm in every scene and I had the opportunity to map something out in its entirety which just felt liberated you have been supporting roles to to to male co stars and you I'm thinking of Mississippi Grind which is a film I love they did a good job I love those directed F- untouched astonishing performances obscene it might even be better than to be digs overall and and yet she sang a ruthless funeral she met aretha because she came backstage I leave the dialect which is incredibly specific where she's from an was essential to get really comfortable with that so that I could improvise and feel like I wasn't conscious of it at the time so that was where I began and then obviously the story focuses around a woman whose child goes missing which was the really crushing is well yeah I'd like to see that film she was censored I loved that character in the finite I think yeah I think in the PAS people who've just focused the and sating and all of those things existed as I can earn and devastatingly side and her grandson and she doesn't have a choice and life goes on and that it feels sort of triumphant and so funny it's not it's doesn't sit in the grief the house and it was a real house and it was a tiny bedroom and they were tons of crew and I was nervous and I felt Hammy and it was just not a great day script because we were working six day weeks in every scene has not time to sort of sit around and get better at it and so I I knew the lines and then I tried to but but I I feel sort of best when I'm really really challenged so I loved it so how was your way into entered into this performance you know it was a lot of research into keep open to whatever the mood is in the moment and direction and all of those things I had an idea that went out the window because I was just you know anyone always brand four precedes that and then what you're left with and what's astounding is how people get their lives back together and how resilient human beings are especially women in these situations I mean she's raising consistently and that it was a lot of work it was a real odyssey now listeners to the podcast regular listeners would be going you always had this Chris but I do 'cause I'm fast has been quite bold okay well no no no not nothing bad goodson okay but I fear humanit monologue and it was just incredibly daunting scary did you ever dry up I did not as good nightmare actors have these dreams sometimes I had one the other day and it was awful but it was it's an anxiety dream and I walked out onto a stage just very empathetic very intuitive and it was really grueling an incredibly hard in moments and he would be crying monitor whenever I had to cry I mean he was living in with meeting which was just generous and directors can be mega maniacal sort of controlling people who like to torture actors he was the opposite which so she's called pipes as well the battle of the wreath wreath is the aretha she's very excited about that is it also true Helen one of those things that we're familiar with when that kind of tragedy happens the thousand yard stairs film is really about what's left at what's what what is think we all left getting very worried and then it was called but it was I was just very nervy sleep much before you start a project Ooh what was your first day what was my day the first scene of the film and it was awful Oh my God I hate it I just we shot all location in that tiny little house there is analyze that you leave and this film is obviously drafted by by Jake Scott as well I believe is related to Ridley grew and I never sleep the night before the first day Oh my God not really which is kind of counterproductive I guess I'll do the nervous energy gets three dozen I maybe it was the energy of that of money the cat who is just count on a hot tin roof I it I didn't know it was it was I think the first act of that is basically there's an amazing director yeah it's very much in that blood moon jae grew up on film sets he has a different sensibility to really I think he's much more character driven and really says that about him better with actors than I am but a master he's he was an extraordinary director he really really was I loved working with him more than I think I've loved working with anyone I imagine this because for most actors it's really tough and you want as few people around as possible yes you can access he missed when I if people are messing around on a site which happens and everybody's having a good time sometimes that can happen on a day where you have to be intensity focused and emotional focused he would just have complete silence everybody respected that and it it added an enormous amount to not have to battle against people having their own kind of happy day when you're about to see yeah yeah but at the same time you may be said one you'd like to maybe fantasize about going back in retail and retail in the story from from your character's point of view in films like that maybe live by be broken it can happen does your does your process change according to the emotionally between it does you know in the past this apparent it just felt in a way that I haven't experienced before everything was right there in available so it it didn't feel like I have to work into something which was felt very necessary for this particular film Oh my God so that's that's fascinating alleged does sort of the empathy thing that regiment will need to have I had to sit in the corner with cigarettes in my headphones and really indulge myself to get to that space and for some reason believe me but Jake really controlled the tone of the set so that whatever I needed was what would happen on that day and on some of those really green days and I didn't want to look at anyone how to stay you got all your lines and your head you know what you're going to do when when the director says action for the first time I try not to plan what I'm GonNa do completely but I learned this whole but for this felt really accessible I think because I have a daughter just the notion of saying I miss my daughter you know that's that's just right beneath the surface take with a character like this is really interesting obviously I've been in a few sets over the over the over the years of doing this but a fray rarely on a crying day yeah DC ready absolutely no it's a he's a he's a chip of your block what a bunch of underachieve graceful and I woke up in a cold sweat those do you happen now and then okay let's get your hand and as well we give someone everything that's how do you remember all those lines intelligence just make it up on that sort of the the the the grief in the reserves of trauma yeah it's very vulnerable thing to do the other thing that he was so brilliant at it and I'm not particularly us every relieving an exciting thing to experience and I imagine this role leapt leaped out your off the page almost when you when you first read it out and soon enough as funding if the laws did was count not nervous every single time why went out and say I just I just unrealized when I go down there that it was the coliseum and I had no idea what to say and all I said was is everyone having a good time and it went meet him out this restaurant that I accidentally which does happen often bumped into someone's table and kind of note something over and apologized and it was scatter brained and he said he caught me by the time whoops knocked over another table Oh did he tell you at that meeting that you had to the wrong but when we were talking about how we both kind of welled up and I ah fits into the general mood of the film now this is only that got sent to me and I just finished I'd wrapped live by night the night shoot I think we just saw it very clearly in the same way I had a good feeling when I left under an looking at your career it's been interesting that you seem to have avoided by and large yeah so that's what you need you need a place and jake off your electric is just something else for that's it which was the last night of that film was Itchy and I rapped and I was exhausted but I'd read the script and loved it and I need the date was meeting about ten people for it and I was so tired and flustered when I went in no particular bitterness and time didn't know how to do that I think now I have Jimmy I can probably pull that out but I think yeah I I you just saw her emmy that's amazing so you definitely didn't purpose Justa I wish I had that conniving smart the big blockbusters did gi Joe Rises. Well it's weird 'cause I've got forty seven questions more of a strategic decision by my agents at the time to do something that people might actually see because I tend to do much smaller things but my heart wasn't in it I'm awesome eight films I will go and see but that being said this new DC joker and things I think that marvel DC Universe is expanding into an area that I would find interesting honestly Tayo Way I have no I have I have sort of avoided those things because I didn't have the best experience doing Gi Joe and I didn't really know what I was doing there and I think it was how did it come to you try not to say what the project really enjoyed facing questions seem realistic question I'm a big fan of the marvel movies particular and I think we're getting to a place now where everyone's going to be in one of those yeah I I wouldn't carte focus directors as they've now monopolize the entire filming some really character driven from scores Gone Call American screw woman either Squirrel woman was yes yes okay so English Squirrel woman on holiday I'm Squirrel woman on the first day it's like anything if you're around or even worse night before the first play but then three by and large to afford them I'm sure there've been dalliances and auditions and frustrations over with with movie size over the years but by large seems how women you've got Mississippi Grind that's neither American or a woman so that's fine but still grinding place that'd be something more horizon it sounds like ant man I'm sure I mean for God's sake perfectly heroic it's all it's all good but okay it just send them emojis literally land around his house and US luckily the the the big names they're going so CNN if it was if there is a marvel taken you know Captain Marvel's been taken in which is epic we hold them in the podcast how is that Matt Wooden standstill yeah you know he was great and Ryan Anna are just gene is an Ryan Reynolds is also fantastic and such a historical man Ben's just this ball of energy he's constantly got music playing you never know what's going to happen in seeing the second see it but I do want to ask about Mississippi Grind because I am evangelical but the movie is is one of those films I revisit every single year and tell people you have seen Mississippi clients such great descr if you could control company if you could get pictures to marvel English something woman would you want something to be I I want to be kept woman the trait they're making that man you know the Batman do believe they're looking for different villains to be in that one Mike I'm happy you can actually watch plus Ryan Fleck and Anna Boden of Mississippi and this is going to did direct that last one so I I think that being smart they're actually seemed to be hiring the town because he sort of so much deb in in fact he has he has he asked me if I've done that on purpose which ignore but yeah it was an they went too many hoops to jump through because but I think that's probably GonNa hasn't it I just think that's a great character to you know they have TV show with Ruby rose on the yard Oregon woman and a Northern Irish woman's don't talk about it Helen Hello so yeah this is the new film from Jake Scott Scott Sorry and I'm sorry son she's got a grandson anyway under daughter goes missing and so we join this film just in time to see the closeness of their relationship they finish each other's sentences they have different ideas but it's a real symbiosis it was a joy to going to Miller's monopoly pleasure and enjoy woman thank you yeah I know I need to get in bro Patterns Batman now and he's my mates are going to go and meow at him in the night tour is that about Ashdod ask but it's it really then goes through what happens when bridget disappears so just as we've kind of gotten the handling of this dynamic between these two uh-huh Sienna Miller plays deb as Chris said and she is very very very young grandmother she adored entertains her daughters nine hundred order entertains pinkish forget squirrel girl that's yesterday's us to look into she talks the squirrels it's a whole it's a whole thing but yes okay so we're we're putting forward this then everything is turned upside down and you see the search begin you see you know the police come in and the search parties go out and I mean eh just method acting role what would you I do not project I'm going to get out you've torture and torment of not knowing what happens you see are sneaking away to look up missing person cases at night and see if there's anything to be found all right so that was Sienna Miller and I hope you guys enjoyed it we're going to go straight into the reviews section and we are going to start with meaning she's trying to get better jobs she's she's living her life and yet this is always there in the background is always kind of haunting her and it's so it's kind of a look almost feel like we had films about the kind of Dante of murderers and this is almost a film about the mundanity of those affected by murder victims if you like so a bit spiky it's difficult at times you know she's a teenager with a baby so of course life is not easy for for young bridget's or for her mother WHO's working in a supermarket and is you have to because you've got a baby to look after but also she's dealing with this gaping hole in her life where her daughter should be and the continuing you're you're still living and you're still there but something is deeply deeply wrong and I'm missing so it's it's it's really quite moving opens she's concerned with other things there's a bad boyfriend there are you know relationships with her sister with this young grandson she's getting on with stuff she's trying friends who comes in these people kind of dropping in and out of her life and some of them staying the whole time but but the only real constant is just I think this is too big a sport or they don't find her so the film then follows deb and hurt her little grandson through the next few years she's trying to keep living it's a very very well acted film I think not just yet but the whole cast are really really informed Christina Hendricks place her sister our poll place one of the and it's it's an incredible film because for long stretches it doesn't fair in any direct way to the disappearance it doesn't refer any in any direct way to what this disappearance and bridges not being there So yeah I was I was really impressed by this kind of expecting much I'd heard good things but I wasn't heart in movies like American woman and American sniper movies I don't have a and again anyway this phenomenon they've they used to be together I think and now a married to other people and there's a real friendship has a real kind of independent spirit to them a little bleak I mean there's not a happy film it has a positive it's about her attempt to get her life on track after this event Bangel nominee exceptional review surprisingly fame for its proper Bresson Depths from her that maybe she anywhere you see her do a double take when she sees a woman who looks like bridget might now look a few years later and is this is this her she's still out there somewhere tall and that's disposed of quickly and he's just life goes on like this film spans ten years and the disappearance happens at the very beginning of it so much happens after that I mean so I mean it's not like it's it hasn't negative spot but it's not it's not a low fast ultimately post if like I feel like it's ultimately about survival about making the best of horrific I had the opportunity because she's leading roles in small films or supporting role in bigger films but actually when you see her with proper material Sir yes Jake Scott Okay so he goes sitting right what's Larry Stark's take while he's but you know what's left that's the thing what is your path and well there's a character cold I just think she's exceptional in this there were some of the kind of relationship stuff and I instill it was why it was the kind of got a little bit nightmare situation but but yeah you're right it's it's quite tough very delicate I'm very impressed with that but it's really six portray of limbo really right interesting actor she's she's incredible I saw her in the color purple here before went to Broadway and one of the most from you should check it out yeah what was that experience on that movie with an unripe they've totally collaborate though the two actors Ben Mendelsohn that'd be an incident with a Miller is councilman that's how it works then you just walk in Matt Reeves Knock over table jobs done Johnston and go so pay for me I think in those moments and with slightly distracting but that mean everything else is just not nuance of not knowing far still obviously still Jumanji next level to come and she's incredible in this movie absolutely incredible and thought doors and the consequences of that and living with that and trying to claw your way out of it and and her becoming as you say changing as a woman and getting her shit together essentially sure was in for and it's kind of surprising in the way approaches the subject matter I feel at CNN mother who is great doesn't get the credit she deserves because she's not really have the ironic massively affect them Yup fully agreed for me there's actually a lovely lovely surprise this is actually one of my films of the year so there's no shot makeup the growth you've seen that character it's all Sienna Miller and I think it was in free is that he needs home and this film is expected because I read the Synopsis Okay Someone Is Missing Blah think it's going to be without trace episodes it's not as you say it's not about that Squirrel Girl Oh God sounds awful oh no no no no no no no no it's fine details spreadsheet powerpoint presentation is back announced Jimmy to take a leading role that's remedial she was really good in American sniper a- things like that but in this she actually gets to showcase and she's fucking amazing Pinkett covers ten years in title or because the grandma yet he must be v Fourteen fifty but he's about five or so when we dog so I think I think ten years I think is supposed to be ten years I'm thinking what's amazing is you know just no I feel that she's been great in a lot of movies but in supporting roles likes of Mississippi Grind and American sniper mind and if you haven't seen Mississippi grind by the way it's obsolete amazing check it out immediately once you see this I want to come home from this she's greatness she's in every single scene and she gets to run the gamut of emotions and she holds screen automation of some of these real life stories it was just his performance but also Anna Kendrick who plays the young ambitious FBI Chris Morris the genius behind the day today and brass eye and it's almost a decade before the May actually be a decade after his first mood is a decade missile he's so charismatic he's so compelling the way handles what he's give him which becomes increasingly farcical as the story moves on which is that this manufacturer terrorism plot which unfortunately has been orchestrated by homeland security desperate for big boss now he gets expected before you know it is going to be satire but what I wasn't expecting I have to say was the emotional way of this film that one two punch array of this preacher wannabe revolutionary played by Marchant Davis who this is his first lead in a feature film which when you see him you're like how we thought even kind of left me really and I thought about this after I I saw it for such a long time and it really kind of knock off fate as she say flex really emotional she's brilliant so we gave this four stars four stars in for America woman and next up is day shall come which marks the return of the great in years face second film very little was known about it until suddenly there was a film and it was premiering sons and as I read about this summer after his first movie which was of course a brilliant comedy four lions and this one treads similar territory at follows a man who just she got great roles after she ended any elsewhere but I would love to see something like that happened for Sienna Miller as well I love this movie I thought it was fantastic really really moving really call say straight off the bat I mean this was a real surprise to me in the is one of the funniest which in and of itself isn't a short rights Chris Mauricio he's he's still a voice we really need to make sense of what is going on in the world and this film will stay with you afterwards the biggest recruiter of terrorist right now in the USA is the FBI because they genuine because they keep offering money to people to try and be a terrorist the differences he doesn't know it because he's a pond for the FBI Terry Review magazine I did review it for so he's he's struggling to pour his wife and kids his wife is played by brilliant Daniel Brooks and in those struggles he's led to kind of try and get cash by Jin who's kind of desperate to make her name she's brilliant I mean sh biting finance all the things you expected on a Kendrick but also it's by beginning this has been written by which is based on one hundred stories and they spent a long time researching this interviewing people and it's kind trap terrorists but they're essentially going to the point of essentially creating terror plots they're not they're not finding ones that are out there and just getting them to be you know to level which they can prosecute they're basically creating them from whole cloth and that's what you're seeing in this film you're seeing this racing really crazy and I live killers but he has such a humanity about him it's kind of remarkable he keeps such a tight control on that oriented that this performance in this movie is going to fall into the same cracks coleman fell into with tyrannosaur because I feel lap form was astonishing and obviously then wrinkly mentally ill guy who has these very strange beliefs and they're using their weaponising that against him and everyone around him and proper role in this film as well so I love this film in what what you realize is that actually he may have been away for ages Chris I have not seen it twice I'm going to say against yes I've loved low for this film he actually introduced it before the screening us all on Monday night and he was talking about the fact it's kind of an awful portrayal of how the system dehumanize absolutely everybody who comes into contact with it and is weaponized against everyone agree with it's it's it's farcical but it's also incredibly tragic like it's your heart absolutely breaks for this guy is thing as he gets deeper and deeper into this complete mass of a situation and Marshon again I just think he's incredible in this and then the whole supporting cast is just riddled with great people Denis O'hare is is is the boss at the FBI just desperate for win but also desperate to get to his birthday dinner on time so you know he's trying to figure that out but it's the thought of my review in them so you kind of came out of nowhere south by southwest shakes say I don't think this had the same level of which is for me for my personal human self I I didn't love it as much but what did you find smoke particularly there we go I really liked this but I don't I don't feel it was quite as good as as four lines I think the four lions is a bit of a bit of a modern oh well I didn't find it that funny there were moments of that involving dinosaurs that genuinely did maybe loft but four lines is hilarious and everything you just said except I didn't like it that much I'd like to it was good I just I love four lines and there was a smugness to this I think and next up is Gemini Man which sees will Smith's assassin face off against his younger cloned self and this script or ethic and I wonder if this is maybe just a variation on the same thing and perhaps that brings with the diminishing returns and the old laugh department but it's great director and producer Jerry Bruckheimer to bring it to the big screen but has the weight been worth it Jimbo go faulkner a beautiful lightness of touch while also still being able to like they hits you win the go the dinosaur thing is hilarious you know the smugness says James Diran and incredibly smoke away dealing with kind of structural is and be sympathetic with the guys and then there's a explosion of violence at the end which really takes you by surprise not to give too much away with but there's a similar template I'd say with this movie Ugh me slightly but I think more than that my biggest issue with this just didn't find it yes I know the irony off and then nothing to later and it here so then the kind of there to talk about this film the first thing is the film as as well but I thought it was really well well performed Anna Kendrick was very very good we'll marshon Davis excellent stuff so yes I agree with Terry Four Star San for the day she'll come often Hensley John Hensley who who wrote a die hard with a vengeance and this is one of his big SPEC scripts that got him through the door and Hollywood and honestly you could go back and read injustice systemic racism like these malwal whites way but they I just thought they did it was such look I'm not saying it's bad film I thought he was it was good I just think was really good good really you your views the film okay well your opinion in my humble opinion connoisseur of comedy I agree with everybody for that surprising emotional Gut Punch as well where he especially really four lines are so bold and insurance in a way it gets you to empathize with the ribs. You know Chris Morris and Jesse Armstrong but yeah it's yeah maybe doesn't quite work as well for me as forelands before lions as well Terry in thinking about this did it could be called the loan couldn't anyway let's move on the script or versions of it has been knocking around Hollywood for decades and finally it's taken the heavyweight through of Smith both of whom do their level best with script is at best dreadful and the story the top it's very obvious beat the frame right because you have this thing where the foreground will be in three but then you go ten feet past them and everything is flat and it gives the impression that everything shot against the green for a living because you were struggling to differentiate between Good Arabia up here down step it's a step down absolutely everyone was going to be in this at one point Tom Cruise was going to be in at one point and I was bored milk description originally by Simon roll like the whole film just looks like behind the scenes footage and it's really fucking strange lot I came out and I I was having a chat with someone so I'll go where we begin with this so this has been banging around for twenty years like Tony Scott was going to make it to O'Connor GonNa make it this gentleman down here it was gonna make it cinema better it will be tolerable so it's an okay film made a thousand times worse by this format so if you can see it in those people won't be very on the nose dialogue it's fine it's one of these things where if you were watching channel five in the nineties on Sunday night and it came on you sit through you've got yeah it was not only is it crushing the average but it's also short in three D. plus which if you read actually talked about this he's verve excess about it shot in one hundred twenty frames per second the fresh prince is in the film would have been a better film sure he was totally yeah but it's so diminished by the format in which it's Sean which is present which is a lot did anyone watch Peter Jackson and I hope it when it came out and forty-eight frightened fucking horrible yes so that's forty eight firm second most films as and how ever none of those things are actually the case so it's not a great film and the part that for one minute because that's not the problem with this the problem with this L. so as as as a kind of story so it's made he's an assassin worked for the government is they tried to kill him that's not a spoiler he ends up running around with Mary Louise with Winston and Benedict one when this is stunt double blindingly obvious and it's a real shame because the actual like cg work on this to make wills mix it was amazing isn't it like he looks exactly green like that at a marina and there's a boat and you think why did you not want to go to a marina but it looks like green screen and a thing it's because twenty four frames per second is an imperfect way of really old versions of Empire magazine for maybe nine nine hundred ninety one we're going Gemini man is coming and it's GonNa be amazed you're songs off and it's GonNa be Harrison Ford fighting his younger affiliate Pan but papers over a multitude of sins and one hundred twenty frames you can't get away with anything like anything at all you will see all the the three D. glasses off to try and make it better by watching a three d film without three d glasses that did not help but j James is mainly rights the eight this this script is is really problematic the characterization is really thin so there's a there's a bit where he works out what's happening Mary Elizabeth wants to just hit and it's one of these films like caught if you can see this thing other than the whites meant to be saying please do so yeah that's my question is it not going to be much much better if you Louis on Sean Twenty four frames a second this is one hundred and twenty frames per second in three days cinema is true twenty four frames per second Sean Lagarde said Sunday Michael Bay cosmo traffic just saying but the thing as it makes the result of this it makes the entire film look like bts kind of trumbull the special effects wizard behind thousand one space odyssey has basically dedicated his life over the last few years to try and to make one hundred frame rate one hundred hundred freighter it takes away some of the grammar of what we see cinema when we see stuff in high frame on TV it looks like video we accept that it looks low budget looks cheap we expect everything was he the the official Empire Review and you will bang on the Monday with everything in that review I just thought you absolutely nailed testing things like copy exploited the concept of lyceum regret and all of those kind of emotional thing really toxic father son Dynamic and of Interesting Beats Khanate flight casualty eights is really disconcerting watching it doesn't look like one great me fucking heighten radio about this I said I don't understand it looks like the worst three D conversion job you've ever seen except it was shot in fucking three days and I think it must be this format one hundred twenty one hundred twenty five hundred hundred tearing down the road really down the right after name me and eighteen twelve year old show goes you know he's you you are hey he should clone he's identical you'll the same A larger conversation that we have time for the but people like Peter Jackson I'm Lee Jim Cameron people who know what they're doing Douglas Teams Shit because something your brain just sort of atavistic they rebelled against what you're seeing and I do think if every single fail was shot in one hundred twenty frames and in uh-huh oh going on five months pregnant that's gonna be weighed sex giants see the twenty four frames experience when we go to the cinema when you see a movie you understand that that's what makes the film and and this something subliminal about this it's almost it's almost could be explored that are really really tossed away and I mean I think you're a little bit Kinda to the maybe I would be and Ben lost it and it's great we gave this to I think it's a two star film rendered a one star experience by the way it show this is Ziprecuiter we understand the concept of the film he may not tell me the someone in this movie goes we're very much alike you and I choice seem very disappointed twelve year old boys let me tell you about the focus on that line very very quickly we're also gonNA talk about farming which dowry toil debut of Ottawa Annoy budgie tells the remarkable watch so it's incredibly brutal is the story of his childhood and it's it's a character so it's an emotional level that it hits you and it makes everything else about the film from the action to the dialogue even cats and this is fucking Li like a really great director but so much of this violence and I think that's kind of split people because I think there's been a feeling of whether that comes at the expense of some of the characterization because they wanted their children's have a better to unity he's in a strange country he's got barely functioning family it's obviously times the eighties early eighties uh-huh and it was it was it was three day and I read some things I know we'll be better because you in three day because it'll be smoother I kept actually wanted to stop watching it because I found it so difficult there are some amazing just visual symbolism in this film for him but when you watch it you feel like as opposed to kind of a bigger statement on any kind of systemic racism all those kind of things that feels like his in twenty hundred twenty the industry standard and he says this will blow people away in this would become the new norm and why do these people who are talking about widely and some of the reflection about farming as a as a practice back then what men and I actually saw he really wants to tell his story of the experiences that he went through so we isn't I think there's been some criticism of weather rate fully engages with those surreal debut this is kind of not the thing that people normally on screens for their first home so I found this incredibly incredibly challenging to watch AH truly or spycraft bullets drama a Nigerian boy who is formed by his parents which happened in the sixties and seventies in Brennan where he attempts to row pay skin off and then he covers himself in white paste which it it like move meets his entirely certain of kind of inflamed racial tensions and and he internalized it's essentially much of the hatred that comes his way and join so white skinhead along now pretty much from start to finish this is older violin it's full of degradation humiliation really really full on put some really beautiful filmmaking going on here but yeah incredibly incredibly violent really really tough and I think he I wouldn't want us the story of a Yeti that escapes from a lab into Chinese city and a young girl finds this Yeti Omit Roofer apartment building and sets out is is that enough time for resolution and all that stuff that didn't really bother me as much because I thought it was unflinching so it was brave I thought it was incredibly both direct in semi accidentally with two friends to try and get him back to his home on Mount Everest and it's it's super cute the Yeti is like a cross between mainly Helen's going to talk about a lovely cutesy CG cartoon abominable is it a bubble abominable abominable it's it's really it's really charming actually it was I really respected the fact that he told it in such an unflinching way that it is difficult to watch that is really upsetting and traumatic and there were bits h. a. r. a. reread his review earlier the repetitive nature of that kind of degradation that violence over and over and over again and kind of what did now stories of his upbringing this is based on a true story his true story yes it is let me just say that this is a really difficult with oil mainly rack the exposition in this film is extraordinary and the biggest problem taking the high frame rate out of it because it is inside aimaks and toothless so instantly you know I was charmed and the three kids are kind of adorable and weird so her lovely facial hair when the mood takes them both our veterans of live empire podcasts in fact one of them tonight is on his third which is just you're a Mormon gave this to yes and I think I think some of haste concerns about the conduct characterization and the kind of repetitive it's no for the review section okay so now the review section is out of the way it is time for this week's live guests and yes I said guests he is we probably will be used to it and it will be fine but may that never happen evola just no five stars in Gemini Man many more better we leave Barron Hardaway that kid he's adorable who's obsessed with being basketball star and the three of them on she's a bereaved violent player and they're just really lovely mismatched crew on a brilliant central performance after say by dumbs Idris and he absolutely is is just remarkable an hour ridi will you please welcome the directors of kill list the hollow free fire sightseers high-rise none a field in England and many Kohler is objectively a better way to show a film because you don't get juddering it's incredibly smooth as much more detail you can see more of what's happening but I think it's not am whether that is enough for the entire film but yeah I think I was slightly warmer on it right so then two stars then for farming and how are you both good it's very charming and magical and we gave this three which is about spot on for me three stars which we always in the podcast is a recommendation and that is it absolutely and just to correct you from before London Brian He's in London by the London Brighton by the fucking land older older male friend is like super vein and like has all these girlfriends running around behind his scooter and the other one's little boy little in fact I don't want to start a war you know what I mean but okay considering so we always try to have yeah you all you like we always try and have local heroes on these live podcasts to say we always try we've done five of these shows yeah no that was retrospective of your career yeah yeah that was a couple of years ago was that commands your attention and it feels to me this is one of those performances a shoot absolutely be talked about as being an Oscar contender but I worried that this movie is too small and but we do like to have a local heroes and this we've got a two for one offer that you absolutely will not be able to reviews both are amongst our finest directors both have via again so it's a little bit different for me a little bit closer to spend away and they refer in London based gangsters but we've known each other little and I kind of grew up here went to college here live here Sir from Bryson all right fantastic indeed yeah sir you're in posted a moment on Rebecca which is your your film for for Netflix use which I presume Martin Scorsese who you've worked with in the past did the speaking and we have to take turns all you have to raise your hand again you can speak I will look at you everytime Lucar and I want you to speak Ben every time I look at you ben written stepped into areas I've never done before and I'm Ben Has Rebecca going you're good it's about seven weeks out from looking the report of the Maurya Universe she's GonNa meet Rachel and Econo- deep so sporting crime dom yeah we've got Sahara say judge from Gareth Evans instagram feed just lashings lashings of correct it's Well thank you both for doing this and you're you're both very very busy at the moment ben maybe you're not then you always seem to be in a perpetual state of business I assume as fake blood some of it no it's been a a real kind of ride and of our this corner an interviewer fucking great racking feels mother of the last year work on the show gangs of London which is the new television showed or combat next year which I've been directing episodes of Gareth Evans and Karn to speak have you guys ever met before yeah yeah all right Tim has taught me through the first major Ben live on stage at the national film school do you need me here gets birds the whole the whole gamut fully on board and I what are you up to what are you working on I'm I'm entering a last consider cinema which is which is good well yeah no superheroes so radical on yeah and this thing I was looking at day I've never had a film with so much kissing in quite excited by that and it's quite romantic he's very and okay so what was it about that one that the to your attention to try and do stuff that ninety degrees lasting yeah it's like on an island off the coast full of the worst bastards in the world how does a project to get the position on the Wheatley starting grid as a really tortures analogy going with it because over the years I mean we've talked about films that have been announced freak shift and macro Bain and films still haven't been made and then out of nowhere opened with eastern Rebecca this stuff is so you know the chances of anything happening is so thin the to start saying out loud what definitely your next project is a fool's errand is really interesting we're how how do you decide what's what's what's what I think earlier on in my career I just tilted too much Oh my God I want to see this this is still being claymation if you ever get around to it yeah definitely yeah all right fantastic heard it here first then we leave next movie the people I'm about to work with can I say about the thing I'd love to talk about and they said just not quite yeah movies either motherfucker it just in the claymation now so yeah it's a little frustrating there's some really nice things I'd love to that's next he said dooming himself that is that is I mean you know nice to know about films and watch your movies if he's fooling me than Miami chance of you know it's taking back to another generation to see so the project but I just made it up in an interview and then it just got out of hand and Star game reported so basically there should just quiet and then it would it would have been clearer the press so what were you making I think there was agreeable motherfuckers was was was meant to be this claim claymation uh-huh with them but then I started to realize what it was because it just feels I'm debate with a load of bollocks get to make and you know they they only happen at certain times and you kind of want to talk about some of the things the appearing on this show and I actually did ask the car and defined the same thing up with because it is such a long process and you have so many so many projects and dreams and in my head yeah no don't say a fucking thing keep quiet now become by being on a podcast it was like a kind of cultural memory of what it might have been and it wasn't matt and I was surprised by the twists and turns of it and as you know ah killed me I really WANNA see make motherfuckers other be I ended up writing in the end is about mixed prison really budget Hollywood movie yeah and sort of thing that I imagine you've been inundated with for the last few years offers and people asking to do stuff no mentioned but not clever to that's that's the thing will you say rebecca comes out of nowhere but what about tomb raider it's about fit is yeah I'm GonNa ask you exclusively questions about stuff you cannot say anything about how does it begin how long has it will happen okay so I should have just kept my gunshots I mean other than sometimes other people just do press releases and Sam doing something in that way to fight that and then other times I was just making shit it's funny how people look at fielding Linda it reaches into the Americas and they all go as a film fan to make a Hollywood film it's a big deal or we said the kind of it's never been the kind of the gold at the end of the rainbow of like just going forward because literally the first time we spoke was about Europe yes he moves stone my name is this the same Yeti what you're looking forward to getting into the bedroom absolutely yeah yeah I mean I think he's you know Sam Bishen always what what can you say about a ban we tomb raider sequel because that is kind of blew my mind I I know if I'm smart I say nothing at this point acutely C. G. movie that's coming out this week there was there was meetings where people says you can't call abominable with people and understand what that means another making Prince of playing the game that would that would be a step too far but without going into this is this is a big old are you know making movie after movie to get to that but I think to do it to experience it will be very interesting and and corn big commercial picks this week yeah even see it I love it I love Yetis come ready to isn't it they still see an interview with filmmaker GonNa Console about that and go that's a bit snide he said why is it called ready to you know can spell it I don't know what it means it should just be cool ratchet it's probably true in your forty-seven yeah said that about six years ago and he's still follow me around like a batsman are you can you talk about tumor in any way shape or form yeah because I did the press release on it some earlier I can say I've been doing it yeah okay local heroes and and you are living around this area and is is it important in a way to kind of not move to Hollywood at the first D- Roundup of the Argus newspaper Yes where we find ten million rounds of ammunition and they never came and reported it so small war was happening today by exist to abominable yet we're GONNA keep talking about is all our lives and when seventy five years old doing a podcast was still talking about it now it's down here I live near in investing in Louis what's your exact address but I also would reside up in London bitten while I'm doing gangsters no I promise you ben I didn't ask artists less Lisa fully on board is what about your abominable corn and maybe it's because I can't even fucking say bobble I did my first short film was called things in my house okay you imagine what happens in it taught me through it tonight and I will never ever do again so it was all I'd love to do a actually a kind of like eighteen rated carney actually kind of didn't mention growing growing up lots of stop motion stuff yeah when I was my first film that was what I tried to make the short movies that you make sure wanted they make short films yeah kind of Yeah what did I do I did Fred Great Film and and I'm doing that kind of thing about monsters and prosthetics and they reveal underneath my Zombie mask is Edgar Ooh much better title fragment is much better would you guys go see a film go Russia Ratu so he's like in the in the film festival and that's where I'm at right in Bradford always either for he had done a scientists in tomb raider here in Brighton that's why I wish yeah yeah well we short free fi that he's not even gratitude leader Ratu Tutti he's not coded Yeah Right right yeah myself on the map which was a physical butterfly which was us all stop motion puppets Sean Sixty mill everything was physical there was no cg no computers took me five the road hauling bree would s showed around back back of an argus yep the yes live action no stop motion plasticine Disability Awareness Film Oh my God is that the one that got him onto going live it sticks pretty much to what happens in the game all right if you imagine so you have someone controlling not from these that okay felt very something I absolutely do film with bombing the title no anymore I mentioned at the beginning zombies you know breaking new ground the hey I was always about this and car and what about yourself what was the question I don't know if you're still you're still around here you're still based around here I sort of opened down but I'm family from Sussex for sure okay and I imagine the two of your kindred spirits away because you mentioned claymation Ben and I know you were a baby just making it fill up and current student mega even motherfuckers very very excited about that it's interesting talking about the film's had never come to fruition Ah yes do lots just Larry Croft in a tent for two weeks yeah not so much it is a TV series of about the back and our long each about six of them assuming okay and it's tap into it a little bit of the car what can you say about what's next what have you been given announced a little bit so I can mention that we went on some our state yesterday talking the why we just did you recognize me gobbling up okay destroying every inspired by recent events won't be I mean there's on Bijon Rene self is always Yup got his finger on the pulse of current politics and that's that's kind of where it started but also to kind of have a hero to a kids as well so thirteen fourteen year old is I'm GonNa say said do you say generation said can I say some people say see don't they said Yeah Okay but yes I'm having territory you're in I thought what hasn't been done which into that did a lot of market research the people like need some kind of about the generation the lovely boom is beating everyone things new has come to life for stop motion like knows was it literally things in your house stuff in my house I think books I've read the featured I've been sort of preparing for four years which is called Arcane hand is being produced by sou-wester Stallone Oh my God I'm a big they have to start small it's see if he'll make us complicate you can't take it for granted my first stop motion and film could chainsaw more meats is an and having a look at generation of see from the position of forty seven year old man by of course on soccer maybe instant much in which protein you maybe we should do it together y'all do the arms and you can do the lake you were stalking karn basis I would have was okay interesting and you've got to go ben you've got this generation how do you say as really really articulate he's really passionate about Edgar Allan Poe which not many people know but he really loves it GRANDPA YOU HAVE A pumpkin carving tool kits show the audience ahead Ben this'll blow you away and you can you give me five that's incredible is that on Youtube I think I think it's going to go on his I don't know if that yeah we both went on as you go online holy this is a video where he talks about his film infrared it kind of old school mercenaries on a mission in Siberia and L. Goes a bit wrong type of maybe all right one lows I hear it yeah James Intimacy and this is this is GonNa go for this is a channel after okay okay what can you say about that sounds good yeah yeah that's the pitch just went in full when Solbes put it on a piece of paper and sleep the movies and he wants to start at this point producer movies the other kind of movies that he used to make fantasy you are a master Pumpkin carver rights it's not what the technical term is is the technical term I've literally just made up like him you are a master Pumpkin carver and and he he wants to you know obviously we've been inspired by the movies that he made an and the movie i WanNa make his in the ballpark of those wow look at that that's amazing or but this is my pumpkin took it very well for the last few years but I do break occasionally because it's quite wishes process covered at Pumpkin okay I always love Calvin Pumpkins of sculpture and and I love Halloween mm can and it was so I said you know getting their Halloween I can we can do a pumpkin but also had someone challenged me of like how and someone said Oh you should have one every day for thirty one days of October I'm going to do it so I did and it was I actually it was kind of hosting loved the process of every day or every night after working on the non on the edit of the non I'd go home and or after going out and confidence anything so and low a couple years ago in La and I had a place that I want us doing the non and went down Ralph's you know to supermarket in Lipid Bouncy and they had on October first they had pumpkins everywhere and in England you don't really government tells of two days before maybe a bit more now because of marketing but we watch on wondering what the fuck is doing this translates well to sound Ben Trust me it's going to be perfect okay to cover pumpkin on first day of October or is it like Christmas where you're not allowed to decorations up 'til sometime this is incredible you guys bought a ticket for the Empire podcast you didn't think you would get to watch aren't hearty Karma Pumpkin in a minute I was just I still have had a panic like I've gotta get pumpkins before they run out so I a book I had a car and I bought a six Pumpkins on October first two years awesome but you guys when you came in here there was a Pumpkin on this table now is anyone falling follow Carin on Social Medias the twitter's on the instagram's will know that Carin he may WanNa have your microphone for this currency can explain here as well you're a month the navy you've got three minutes superfund and then we've got another Pumpkin for you as well aw live speed carving okay hang on here we go Ben Galloway the Stop Carving Eh Pumpkin and obviously to do a really detail what so I I sometimes do a like a design this is that was that one we've never missed alone ben what's what's happening it was out when I went round jet else you would like Ben you didn't kill listing Jim Brilliant Yeah I guess action sequence just across Carbon Pumpkin it a minute I would see that here when you've got fifteen seconds ten seconds ago hideout this is huge this is huge nearly cut himself nearly what we're doing well here we go ten nine you know they said that wouldn't work in the podcast for your candle or we did have we ask a couple of candles allied or anything here we go three three do not kill yourself all right fucking L. Specimen coming after me here we go three two stallone like he's great we have you missed elaine nuts even you know he he he's yeah well we're doing well we got thirty seconds thirty seconds left on the clock don he was banned you can put this tomb raider this would be great it all right so we have a Robie microphone attached to this gentleman here what's your name Sir the minute this is the greatest thing that's happened to anybody here so please welcome back Helen Terry and Jimbo we're GONNA come back from the toilet precisely the right time this has never been attempted before on a podcast all right okay see that's the thing that's missing from basic roughly all right okay capability this this is a modern phones screwed knows and this is I think they need to be building up over what's happening okay so we're GonNa countdown clock to kind of think of like a post match interview Ben What do you think that was incredible wasn't it yeah I was terrified by that just premo carving from the boy hardy if you're gonna put 'em avengers vs Justice League who would win and why and if you were going to take an avenger from Justice League yeah like some of these are going to be a large cross Lara Croft in Lara Croft's that's that sounds awesome you got ten seconds ten seconds on the clock Oh my God okay twelve six thirteen that's not comedy that's just read that o'clock but this is really exciting you guys are so fucking Pumpkin the one I'm just going to get my phone okay so your yeah your vote in the Pumpkin that's amazing lady here in the third room thank you and is is anymore but we're going to take some questions audience and no you can't ask what the fuck or why or how do I get a refund those are questions you've just seen a man carve a pumpkin the world who do you think would work wonder woman and so are we talking about in universe like it's a fight between the two groups okay honest I want to say avengers obviously because but technically speaking if you look like all of the DC characters are basically gone and now for the bloody L. Take that took a little longer I think we anyway we got about twenty five minutes there of this frankly I don't even know what they described as allies can do that we have the conflict which is no clear answer except caps and what the guy who Okay I mean I'll be what a minute is contrition ben joined exactly what's going on and degrade as a terrible analogy old incredible please give it up once again then Wade -ly turn hardy every day thank you thank you in their heart of hearts that Batman would beat all of these anyway despite all evidence that contrary I've had this argument so many times on again win in their fight between the vendors and the Justice League adventures because they got Batman so nice and easy any other questions there's two gentlemen okay fantastic so he is going to go around with the microphone if you have any questions for the emperor podcast team and again what the fuck is not allowed can we turn the lights back on because I can see so tech technically probably canonic -ly DC would win just on par is based but that's why they're less interesting you see because they're overpowered Gotcha okay which DC character I think Batman because he could probably beat every member of the Justice League I would have to say that mentally and I thought that's that's what struck me about the script but the other thing was I'd read the script and I thought I knew what Rebecca was and I and I didn't and there's nothing to really challenge them that'd be mother boxes everywhere absolutely disaster boxing disaster yeah okay so the wall some of them support okay so it's like a civil war situation where there's like a misunderstanding intimate area go get a minute everybody how do we have incredible glossed over the past decade for horror films should I take this yes this is a lot like a Chris question seventy s right seventy one guy he's car with Pumpkin carving a Pumpkin he's really fast Oh my God I've never seen a knife KHUDA pumpkin this quickly before this is really I'm Jamie terrified right now who got their hands at once got his right hand up gus left hand up it's almost like they planned so symmetrical and you're right in the middle of the audio is beautiful really really loved to watch all wondering question what was the question exactly so number one who'd win in a fight we went to the fights and number two which DC Carter could join the events to the exorcist has got the on his Texas chainsaw massacre has got the original Halloween's got Liam Fox nineteen eighty but it's also donald talk my glasses up I know technically fine because they're all basically goldline apart from Batman and every fan believes Ah may vary boom like a live other way if if mellows no good films yes but they're not Donald Byrd did I mean it boom that's it seventy slam dunk switch next question it's like you know we are in a really really really good at the moment we're not mount which can sometimes be a less than ideal strategy because you're like what am I going to write what I think Oh God but but you have to view a film as it is it can be kind of overwhelming like there's a danger when your favorite hobby becomes your job that it can kinda take over your life a little bit and and you film I and you have to see it as a as a as a viewer I think before you sort of start putting your analytical hat onto the accent even that we are unlivable which some people would probably argue with and there is some disagreement over this I always think the best critics all full-throated full hearted film funds and I got into a disagreement and I was like that is the coolest thing anyone's ever said to me because I totally got yeah because if you haven't watched it with your viewers hats on it's really hard to review a film I think but the is will love films and we all go home and watch more films at the weekend that's our way of usually sit in a in a cinema with a notebook we sit there and watch the film and take it in I as a viewer and then think about what we're what the heck we're GonNa right when we come risk becoming a little bit unbalance differently when I watch a film for you I watch it very differently too and I'm watching I rarely don't enjoy film and unwinding from a hard day of writing about film is to watch films football and their supernatural apart from that it's it is Fokker Pirate Lake just not in the Empire Office but James is right in Whenever I review for example I see it I without notebook Johnny so when you work call it enough to make a career out of writing and talking about an awful that you love one day man how do you take that critical and analytical hats off and kind of stay in love with the art form and not get burned they said Oh no critics should never be found they should be observers cinema art which is just because the marble critics zinc used on I was fucking there you know I was in the room I sorta happen and I think it's I think it's very different you parry up as a critic and I think it's about first of May immerse yourself in it completely and then I see a second time where I studied more closely and look for things you always have to check your bias which you don't Oh boy I I think honesty the critical kind of almost come second to the love in a weird way I don't I don't I think most of us don't and it's about letting yourself go and I never felt this was just a me thing but it was terry he said this because you remember you say have you seen have you seen it for review what if you detach yourself from the film and I think when you watch it as a problem that you project yourself into it you live that film and you don't come out with thinking well just three three hours getting a very different way like I find like when you it's partly the gate buffing like when you'll reviewing from you have to sit back and appraiser and look at the construction of their and you're do when you're just going in and watching it Jay but the amazing thing for example about the Empire Office is that we are a wildly disparate group horror films along with that Alexander Dave Berry of sky cinnamon absolute radio you can check it out right now is a podcast for your listening pleasure a high it's an always about your response so we work for empire and I always think contrary to work how what you guys want to know from the film what you're going to be your but but no it's really really hard to do it there's there's something about you said something about taking your your analytical hat off sometimes because of these weird fucking embargoes that they're introducing these days and that's something that I find quite difficult I'm a genius level writer obviously number scrolling in a dark knight rises scrolling really big across the page like something like half of all women are Evil Fox ache because it was so paypal as you may have picked up on the thing that unites all of us and we don't agree on genre filmmakers anything but the thing that unites all of his the thing is a great thing this is an amazing job when we love it but it's just it's something that I kind of slightly regrets about certain films I got it so it's still it's still an of like showing the often creating team which of a barrier but I think some kind of professional is necessary so you can actually study it and also the low film and I do not think you can do this job without a Helen describes a slightly overwhelming love of film so I'm always wary I'm pretty sure was rampage rampage Helen that we went to a coffee shop afterwards and I was just faffing around on my phone and she wrote this brilliant review thirty minutes because that's the deadline she had it but I enjoy significantly less which were never want to review like someone had asked me to review and game which I've been fuck off because I couldn't I associated with in the past yes he produced the Josh trank version the masterpiece that that was always wondering is he's an amazing experience with that kind of thing I sometimes will have a notebook so if I know him writing a review and I've got like forty five minutes to do it I will sometimes take a notebook but but sometimes but then editor mark dinning saying next to me laughing this huge scroll across the pages like fucking so the hope that question anyone else he's a looming deadline Helen's brilliant absolutely brilliant human finger on last week's podcast musher overstayed or not but I literally saw James I wish I do that a little bit more easily I kind of the sport or specials that we do for example mean that the first time or even the second comes with what you're going to be your questions with our job is to give our opinion but also be in line with what we think you're going to want to know and what you're going to be keen to understand I experience because I'm a fan first of foremost my first experience of offenders endgame was an amazing experience and I loved it and mentioned but I was at the World Premiere questions us go round here to the front row the Guy who didn't get the Ballerina job is it better not be about Ballerina is currently really busy with his did you watch the movie that you know you're going to be doing sport especially for or reviewing reviewing into magazine it's really hard to detach yourself and so for example my I'm scribbling something down means then don't have to devote that if my head to in a weird way on the page that's fine so we can just get back into the film he's not he's a very very smart man and he has reigned in any tendencies he has to Sean when when necessary you know like he's produced very very family friendly what you're going to get out there somewhere between you two historic isn't it though this whole idea of watching film and you know that there is loving in but at the same time you're going okay remember that okay they they said that that's important remember that in back of your mind okay Steve's got me on now and I am the audience around me was going nuts and you're going okay Indian that whole twist and and it really annoyed me and literally had the land rises intervention in two or three times a podcast but I had with loved it I hated it quite ted strive home I was wondering what films of course the biggest arguments homes and I'm sure is more than capable of it but yeah he's had loads a superhero films kind of own deck in various stages of conversation so I definitely don't but at the same time I was unable to fully give myself over to the movie in the way that I would have done had not had a sport a special interview to the next day with the writers and the directors so I was watching the movie kingsman films Bob was wondering recently he has come out of the woodwork and been as vocal was ever not literally now about fantastic four which he has been they'd also be looking at him as well I think the kingsman movies that kingsman franchise he's trying to make his own thing is on his own franchise after that would he do a fantastic for movie a part of that world so he is a member of the Disney family bits Iraq on of course in in terms of Marvel Marvel studios he I'm hated it with a fiery passion the so he was like one star and I was like five stars and the only thing we agreed on was definitely wasn't we get into the joker spoiler special we've booked wrestling ring in Hackney it's going to be a lot of fun AH is a serial killer scroll really wanted a laptop do you remember and it was extremely divisive and then the executive editor wrote the DVD review and give it one so everybody ended up airpower office what an interesting film dimension I wonder if that Mike Causes similarly rift on this stage for example so we'll get into that

James Nick Terry Keanu Reeves Charles Brechfa Ben Mitzi Hamilton Tayo neil Debbie picard Joe ten years twenty three months twenty minutes thousand yard five minutes one hand one bit six day
100th Episode w/ the Jonas Brothers

Chicks in the Office

1:00:03 hr | 1 year ago

100th Episode w/ the Jonas Brothers

"What's up everyone it's chicks in the office with Rian friend we are giving you that Friday energy on a Thursday presented by Hundred episodes we started this podcast in like July of what twenty eighteen yeah we were doing once a week we way to go especially for this one hundred episode Fran One hundred one insane yeah it is I think because everyone but typically obviously for us I mean Monster Energy Friday energy it just makes sense yes and I know you guys are thinking like the usual taste of an energy drink obviously you think of the normal black and green cans with monster energy but not this time around they now have sugar free drinks it's a whole variety my personal elaborate by kind of explaining so I guess we can kind and just start from the beginning we'll give you a quick rundown Ria that friend Monster Energy Ultra that's right we've been talking to you guys about these drinks honestly were justice shocked as you are that monster energy even has these line of drinks it's true it's like candy can but without the sugar and it gives me the energy that I need plus low calories as well yeah the Monster Energy Ultra have that's the ultra zero there's Paradise Sunrise Violet Red Blue we really love the way that these drinks tastes we have them in the office we have them is the healthier choice for energy on the go like Ria said low calorie zero sugar they have so many different flavors the white can it is the perfect way to tell everybody how we got started here yeah because I don't think we've ever even talked about it on our own show so I don't think we ever had favorite is the violet first of all because it's a purple can in purples our favorite color and also it has this beautiful grape flavor and also tastes like a purple pixie stick I know I keep saying jumped who may be aren't as familiar with Barstool or know where we started where we came from I met a great grow I was watching the eagles game a few weekends ago and she was episode because it's really about them but for the next ten minutes I'm GonNa make it about us is like this is a huge milestone for us it's not like that and sugar free and it gets your day started even if it's the middle of the day whatever you need that energy boosts monster energy ultra is the they facetime may come to the office so I went to the office I was going to fit at the time And then I got hired as soon as I walked in as Caleb roles working at the company at all besides Erica at that time and then I congratulated Glenn because I was already a fan of Barcelona I followed I think maybe and I don't think we did in our first free weapons to know we didn't really never did and we have got it a lot more of new listeners or people you can start because you got here I yeah okay I'll start three years ago probably around this time I actually actually I know the date September twenty-ninth Israeli anything I get my hands on and I was going to fit at the time like I said and I barely went to class because I always wanted to be could save us for a little treat after the Jonas brothers if you want but people always ask Fran and I we even got yard checks in the office which I think the one hundredth episode switched to two which is how made it to one hundred at this rate yeah and I mean it's just been awesome yeah it's awesome I want to say like if you've been waiting for the Jonas brothers end Glenn's intern and then from there I just I did a lot of different things part of my take I did Larry's picks doing a lot of background like I was in the and Smitty are Philly Blogger tweeted out one day that he wanted or needed a New York City Internet could be in the office draws on this episode that it's like not taking over the fact that like taking it away from us it's our two thousand sixteen isn't that weird it's just because okay anyways I won't get into September twenty nine th two thousand sixteen I was hired as an Internet ourselves he is actually looking for another intern because he's leaving right so it was like a joke you're gonNA be Glenys you're going to be my intern who's actually Glen's boss is like a whole joke so and I went back and forth like so much and if I wanted to do it if I didn't WanNa do it and so finally I did send an email and it was like a legit background of their videos like random videos parcel idol was a big one I was doing a bunch of different stuff on the business side as well random content that I can get into ORC and they were looking for interns Glenn had just got hired as an intern on there were looking for more in terms they were looking for girls obviously Erica was here but there was really no yes yeah I would really love it for you and free had to explain like how the hell you are where you are and I was like that's awesome that's a great idea for one hundredth episode because what a way Micheals and I came in February of twenty seventeen I was at Marymount Manhattan and it was it was interesting would KFC and clam because of the mets of mets fan So that's how I got into it and I congratulate and Glenn and then he said Oh well Caleb who hired obviously we didn't have the actual radio so it was like a podcast the whole thing was tough but I basically was helping with that show and episode just skipped them and then come back to us what you WanNa do 'cause I recommend you know let's listen to both of us but I know everybody's waiting for the Jonas brothers so you could save us his I feel like people ask us all the time like how he got hired what we had to do an honestly it's such a joke like I feel like people probably get so pissed at our answers because our whole radio channel we only had our so radio in the afternoon and that was it so like the idea was there of having something in the morning but because I went to High School with Glenn Aka Glenn e balls if you fall Barcelona you know who that is I went to high school with him and Barsha just moved to I don't know like things here and there anything that we could like I said like like you said like you loved being around the office so did I you send to resume that you're like the only person that you're hired so I sent in my resume spend he was doing a show called drive time rip it was rigged we're kind of spent like all of our time here and then we I don't it was weird because we were really like the only girl is many the he wanted to a morning radio show which was grape like there was there was no we had you thought that we were like going to hate each other but Lincoln that's that's not what happened even though I will say to this day that I was absolutely horrified of Ria you've truly were hired on like whims it was there is not really anything other than that like I I was going to school in the city living on the upper east side Smitty allowed me to be on that show for a while I was on the show with them and then uploading it and whatnot and we were kind of just like doing oh yeah I wanted to do a show with the please don't read a friend embarrassed really probably cute no but Askari like you had your spot here everybody knew you as like the girl and like it and it was intimidating because everybody was like email like wow this is one of the only emails at like wasn't like somebody saying Kay go fuck yourself somebody like so the guy sent him my resume and he was like you I like for me it's not how isn't embarrassing I don't know because I was like this is three years ago we're talking about I was probably worded yeah I just I actually for some reason I don't even think I have it wow disappointing I remember remember what it was but I don't remember spending I remember like the gist content like Sei we were interest like it was still technically on like the content and so right away like they apple because it was just so much fun the guy was nineteen intern just wanted to be at the office at all times and worked out in the end yeah had a little help from Kevin clancy and Brendan clancy who they were like you guys should you know you should do videos together why don't you answer some KFC radio questions the other girls toes I'm like I don't want to do anything that she's doing and yeah but we weren't like it wasn't like you had to step on my toes because we both were doing like yeah yeah I was like and I was like I am older than you I was just like she is the scariest girl I've ever seen I don't know if that makes me feel good or bad at all like I because Emoji of like it's a small figure I would say crawl woman laying down yeah so on her side sexually side look on video just just four something to make a video out and then Dave Saad he thought it was funny he was like you guys keep doing this the first video we ever did was and I don't know how we got on this I don't even know how this one came up I gotTa Watch it back 'cause I haven't watched it in a while but there's one while we were interns and then the DM happened and then broke the ice because Fran I just like started sitting next to each other every day yeah and that's why I was like well let's work together and that's just the way to go and I mean turns out we were right because now one hundred episode but we on this one girl literally like every day on twitter and so I'm just all these groups have all these groups I can't find your individual message because I don't think I so differently than how I have to say I don't even know no because I reached out to Fran because I wanted to learn I wanted to do stuff with her I was like we should make videos together we're the only two girls this is the long time but there's a point in time where we got DMZ we can blake she said they were like Ooh two girls what's going to happen they kind of not as a joke they would kind of make me Oh France here now like what are you going to do what are you gonNa do like reality does all this stuff yeah so it was like I kind of had to find my own thing 'cause that I didn't want that that's also tough you're coming in there's only two girls you don't WanNa step on Maria because I honestly Ari a little bit because honestly my whole life goes on CNN very nice person no not scary like you're me he's like that is like a baby crawling on the ground like that's like not that's not a sexual thing that's straight up Abebe emoji lie on created the instagram and we started we were like well we both like pop culture a lot so let's just take the biggest stories we create instagram had the instagram grow before we showed it please leave out friend that when people ask US I wanNA make sure we talk about it okay so we started doing the videos the videos were doing great on instagram we started posting them on the website amount of time at this point in time of our lives yes just picking up steam the amazing race reaches out to go yeah I mean that might be a whole different yeah why not work together and do something together so I guess it was a good Dan Bongino embarrassed I mean you broke the ice before I did talk notice 'cause we were doing it on our own for a while I I want to say that emoji video was so funny because we were doing all these emojis I remember the Jessica and I think we should do something together we have the whole Blonde Brunette Blonde Brunette like we should just make a video series unreal was just like oh no that's like you know like sex like like my my ex boyfriend would like send that yeah we signed up back and forth and I was like sex gas gas is just like he he runs a lot of the social partial but like he really kind of does it all and he's been around for a very long time here and they had an at all actually literally at all so you here we both dropped out and we both dropped out and got a full time job here bank because I feel like we dropped out ourselves yeah we took it for ourselves we just made it our thing which I'm proud I'm proud we did that and then on top of we started doing this is an interesting part that we ask I don't know if we have time to get too fast and then maybe we can get into it next podcast you guys really want to hear about it will tell you the full thing short we went to La you guys we went through like every everything we got to the point where we were vaccinated shot six of those so many shots grace this time we we didn't have full time we were like what do we do here we're not full-time employees we're not obviously not getting paid like full time employees to Dave yeah o n chicks and the office like the name fixing the office they came from it was a joke Lake Gaz who runs I mean Gaza run David posted everywhere right and then we started doing I'm trying to think was radio before ones that did that we were like oh boy this could be something very funny that video I mean it was just hilarious since the first one yeah and then we did it on her own then the radio show I'm haunted by the I'm haunted by the Thailand Visa I have my passport I know it's just sickening I could have had a full like we're supposed to be on the amazing race we didn't go on Blah Blah Blah we like recently just like just got and they've been begging us to this day but either way for some reason I'm the guy even have it in him there is one detail that when people get people ask us how we actually 'cause we were interned when we're talking about now like this was all going joke of anytime a girl would come into the office he would be like all there's chicken the office chicken the office so that key obviously they did that when we started working there and then we just kind of took it for see radio and I remember when we didn't really know yeah I mean it worked for us no but he did what he did well or this was January of twenty on okay so this was after I mean this was before radio so we're posting checks in the office for a short because of the amazing race was why me and friend didn't go back to school because we thought that we were going to be on the immediate we've made it they made it pretty clear to us so you guys are going to be on the the first one I one it was like translating emojis and like when girls yeah a what oh no I'm not allowed to leave this hotel early allows any of our room we couldn't look at any of the other people we took a ride in the car to the studio is we're like we would like and what socks is like if you get eliminated you can't just go back to your normal life you get eliminated and then you're sequester for weeks on end here and we became friends then I realized you were sticky falling in love with Hank like Oh damn yeah yeah anyways but like other contestants and we had to stay completely had to stay he wears out let's say one war and it was like get in the car get into the studio still in college but we might be on the amazing race but we're because we're not yelling at us you know we we both have a one point zero g as like like really not going to class don't ask me and when we got those passwords meal back to us there's a fat whole page of like a travelers visa for Thailand for out and begging on the amazing race the amazing race fell through but then we got fulltime exactly that's that's exactly what happened so thanks yeah it was a blessing curse owed yeah just quickly finish the timeline radio started radio star still got their full radio station in January of two thousand eighteen twenty three months that we just obviously never got guys in August two thousand seventeen mean for an were locked in a hotel in La for seven days yeah we hired a show and we were like yeah sure if we could do something maybe like a couple of times a week like we thought maybe like late at night we had no idea and it wasn't till like four days three days has crying so now am I so now I'm not GonNa look you either if only knows recording but oh man I know I know I'm crying too he should I thought our relationships were over like once we go to the amazing race like they're gonna not we're going to talk to them for like a month and there is truly realized that I do not want it now there's no reason we would leave all our listeners dry with no checks in the office while we're gone yeah and and the thing is really if you listen to like I can we talk I want to say though like if you listen to the timeline of what happened here like yes we did get hired and whatnot I monster energy on our one hundred episode this is our one hundred episode guys it's so important for those Friday energy levels be off the charts you know how we're going to do you know who were the whole thing was just ridiculous it was so ridiculous looking back on it and that was to we didn't we didn't make the show but then after honestly thank God thank God without a yeah I mean we did we did the radio show for seven six seven months before we thought like we do podcast or other people that we should do cast and we were pretty worried about it and we were worried that nobody was going to listen we were we were very worried about it so thank you guys a hundred episodes it's actually all because of you guys thing we'd ever done was the one minute checks in the office video so we had no idea how to do radio or podcast or anything and then we were thrown onto the air and and we figured I met my boyfriend at the beginning of that summer and then like by the end of the summer like he was like what do you mean like you're gonna go crazy yeah there's going to be gone for months like no community started dating we both just we we both started dating yeah our boys is the same time you're a couple months before me because I did like when I started working back into the card games like you weren't allowed to be outside like hide are they wanted us to wear like barstools stuff wear sweatshirts to hide the bar so logos at the other contestants like did it's GonNa be good no no shot shot but yeah it turns out we didn't go so now we're here one hundred episodes that's Whoa I'm actually really nice I didn't know that I didn't even know you like when I made that video doing stuff for all the show's over the wholesale just see like in hiding for a while the good month where Moon Fran thought we were going to be on the amazing race was fun that was a while it was also when I first seven twenty eight two thousand eighteen January twenty eighteen we were offered we were asked if we you didn't make the show and afterwards they regretted not having us on the show reached out a couple of times they're like before the station launched that they were like you as beyond every day from one to two and we were like Oh damn okay and me infra never recorded a ravage on any of the problem sniffling I will say I'm going to get this out it is because of the people listening because truthfully like were two people who dropped out of college I had no idea what we were doing just talking just love talked about celebrities talk shit in them came together like two weeks ago like not like it was I would say we found out we were going to Denver ten days before we left weirdly beautiful and an Alantic yeah like an awesome coincidence that this ended up working where we could have this hundred episode and interview them of a of a podcast I would have laughed till the like I would've just collapsed probably fainted on the spot it's so unreal because if you listen back to the like we had absolutely no idea that this was going to happen that it was going to kind of like work together with our hundred episode so it was just really like saying it seriously so shout all of you we hope that you really enjoy this episode obviously we've built a lot of hype behind it spent a wild ride but we are so excited the honestly guys I really never thought like if you told fourteen year old friend that she would be interviewing the George Brothers for her one hundredth episode second time we touched them but we had physical contact with them it just it's amazing and is whole podcast like starting from the beginning we talk about how we got here and then you listen to the Jonas brothers it sounds like the most fake like thing of have you told either view the close going to sit there and I mean honestly like this I am backstory like this event and going to Denver and meeting you guys so much name you we love you and a lot who love us and I was about to take like a quick pmt like last month like six months ago when you were like dancing on the table when they got like oh you're going to interview them like Oh and I also want to say that we did you really wouldn't even have this at all we wouldn't have the radio show we wouldn't have the podcast we wouldn't have the videos we would've just failed we would've went back to school we wouldn't we wouldn't be yeah so definitely what happened Mation of rory affiliated doctoral decide if you're eligible for prescription if prescribe you'll get fast and free two day shipping Maury an ongoing support from your doctor every you can do your online doctor visit from anywhere you'll create a rory account answer standard questions about 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that there's an FDA approved eyelash growth serum you can get a prescription online from Rory Rory offers the only FDA approved eyelash growth serum that the James Brothers Manager Alexis she's great and also shout out to David Arca for giving US jobs yeah because truthfully we wanted interview the Jonas brothers without that now it's very dry mean women have it all happened in at one time and shoutout Kelly are talent booker for helping at the House and you like we we don't tell you guys enough love you do we don't though we don't we don't but I don't say that as a joke saying it seriously yeah we're the finally you made it to the one hundredth episode you guys have been waiting for yeah the Jones Brothers on this episode I'm GonNa Cry Again Yeah I'm GonNa cry again because just thinking about the fact that like we touched the Jonas brothers and not in that way but we like hug them for that is on everyone's list and most will try just about anything to get them from eyelash extensions to Mascara that promise extra lengthening to add home remedies like castor oil them win saying and I and I wanna say that no I did not ask them when they be lost their virginity joe like are you kidding me out and have that big of balls it comes with a Rory Brennan Pouch that's perfect for other cosmetics or to keep all your makeup brushes in one place right now you can get a special offer from Rory Goto Hello Rory I'm back and I'm like I don't know why the hell they hired us we had no experience we know what we're doing is giving radio show but you know what that's the beauty and the it is that's why Marshall Works Uh This we've been teasing who's it going to be making guesses we said it's monumental and here they are the Goddamn Tony here I wonder who your guest is intelligent Oh yeah yeah so we want things together that even we don't know exactly yeah so finally our fans are they're engine so we literally said we're going to Denver the people were tweeting us your tour schedule and there were like wow it looks like the show Denver well we did the box we were times we did I went with my best friend who has been my John's brothers the episode no we wouldn't have and we definitely wouldn't have had the judge the join us on this episode so well I got really yeah sorry I but oh to fan claire we went to Philly Yup we went to Philly Philly MSG I went to David Webster Hall her and you're back on tour obviously been to a few shows what's it like being on tour now because you guys went from kind of just showing out a little bit and now it's just it was one of that was that was awesome we have been to multiple shows now on on this tour general note I mean it's question I have never done the math but yes I would say somewhere in the iser here this has been a long time coming for us not for you guys I mean we've been watching coming to the first things I said when we talk about very hectic every day it's a big change I mean for all of us at different points in our lives at this moment the biggest I think kind of common thread is balance Yeah and then I have tickets on November for Oh yep well thank you guys for getting back together because because of that we have you here twenty ish by I think you know the number really thinks they really don't because I've done like I've done the reality is that we build a community on the road of New People we like spending time with we really conscious this tour to to make sure obviously joins brothers but then I saw nick times I've seen an added altogether yet it's a very high on pull the numbers thriving and that's our our wives kids but also you know the people that we have around us but also have were inspired and doing cool shit and that's kind of what's happened right Kevin How's it been it's a real disappointment down no it was actually very funny because we have been teasing this one hundred episode and the price been Randall as purchase tickets for one hundred shows right how many were you at this year for us obviously it's everywhere you go yeah there's school in school now she started kindergarten Alina did it's changed they were with us all of August which was really cool this is the first tour they've ever done we've ever done with the kids who is definitely a different environment my room was just a playroom full of but it's so gratifying seeing the fans every night and they know what I'm doing and they're very supportive and they come out as much as they can yeah that was what I wanted to get into obviously the first show you guys got back together it was way too much to ask do you remember that I remember at the box we had to do it time in but it's it actually helps me a better job yeah right it's all about the balance totally and it's it's hard there isn't much about we work a lot we do a lot of shows in a week just go and do cool things like this making sure that you know we're concert fact that our show is going to be better every night if first of all our relationships are zing our lives at home and specifically our our families outside of our our family is as that's that's new and take some adjusting the fans I haven't seen you guys on tour in a very long time how has the fan response been at the show is what you expected is it more than what you expected off like not yesterday but a couple of days ago get up at five am fly home turn around the next morning you know be home for eighteen hours but at least you're there right and you got to do it and that the quality of life admits everything else was was high and that we were doing things that kept us inspired now we're having fun and also taking some time off within the tour schedule with these shows has been insane I mean we've had to add shows as well which you guys are aware of and it's been really exciting for us and overwhelming and it's flying by pretty fast were just what the jurors brothers you want you'd be able to bat those clashes jars was batting though bag the heck out of them yeah so always and like fake kitchens and right on we used to have the right on toys used to have segues now it's just our kids my kids having right on toys accusations great but it's definitely something used to being away from home because for like five years I really was just kind of home living that life which was amazing and I'm so happy I was able to be so I think people have that confidence to just be excited to be a fan of music and so to see the gross the amount of people that we've seen the marketing the whole campaign was we gotta do checks in the Office Kevin Nasirabad this is why we called you we did a Kevin Chan to find out that there were so many fans out there who maybe were like embarrassed to say they were fans for a long time or were secret about it and to see those fans definitely more than what we expected we put the initial announcement out that we were coming back it was kind of immediate fans that were really excited but thirty more than halfway through this year of touring but it feels really nice to do it on our own terms I mean that's the biggest difference of when we were younger at a few drinks before the show just to cut the nerves nervous get back I hadn't maybe more than field though fake shots now the old enough to just love them kind of music that they love throughout high school years Middle School using a lot of people even for myself I would have my CD player in the bus with that but now having them experienced this part of the world of our world is is really nice but also it's hard I fly home as much as I can say we have the drink drink with your fans what's that like now because everyone's growing up it was kind of shocking you know you mentioned the show at the box which which was the when they were back then and the big difference at the end of it is that are fans of drinking and hanging out with us you can tell these are people that work really hard they're they're you know in college that's the biggest difference I think so we are actually at the chorus brewery right now and really cool cool does so you know I know that when I go out with my friends and go see a show I'm going to have a drink and enjoy I'm so glad that we get to share that with them and We obviously always encourage response fun way to hang out like I have a group of girls that I have become friends with literally just because we have all been fans for so long you go to shows together we'd sucker was was you know came out and I think people thought we were new band that's not yet when we first started so you know there's there's a younger fan base again as well which is so great sensible drinking of course of course everybody shows it's important but I think that you know special to to be in a spot where fans have grown and then there's this whole other new fan base because it was that things were happening so fast for us than we had no time to stop and enjoy our our daily touring life like Nick said we now take the time to and I would have a collection of CDs I've listened to but everybody would see what you're listening to me now you have your iphone your well was I saw an iphone and doesn't really matter what you listen to Eddie Yup I saw you there I was right in front yes hopefully were higher showed tonight look the new sub show episode is with the donors about a hundred episodes chicks cool yeah but now you guys can special to actually have that moment after the song of ours I believe where we talk quickly about like our experience in the city or you know how different these shows are now too from the show with their friends ready to party great time and enjoy music that they were probably embarrassed to enjoy back in the day and we're kind of in on that joke with them in a sense of like it's cool hang out good friends and fly with them to the next city or just say you know let's go do a coal tour of course like were big fans and we actually do those instead of talking about them and so I show in Fermanagh we played back and we came out and it was a small room moves two hundred people and to be honest we had see them learning the old music thinking it's new and you know it's like a new generation of of John's fans that really means a lot to us yeah it is greg because it really is such a finishing college or they're working adults who have spent their money to come to a show and have a great night out with friends and that means the world to us they would take that time out spend their money and but as you get older like like we all do you start to become more comfortable with you are not worried about people's opinion of you if you'd like a song sung and it's so great look out and see guys took another sip of this tastes like six out of the office and you guys now I like to Nice though I think you were taking real shots ever mind didn't take any such is we looked out oh my God these fans Aziz is so good so totally and I want to talk to you about the settlers because you have made like a fan request part of the show which I think is really at the other part of it which is amazing is that you know the biggest learning curve for us has been I think Joe mentioned it you know I think back in the day given the fact that we were in some ways I grew up miraculously grew up as well they did and then you know at these shows that the happens begins tour the bigger show it's been really I know my little brothers always laugh because my loza serve always been huge fans and when soccer came out he texts me was Fran sucker is a box we freaked out because what we thought was so inspiring by that concert and this was during the break up for us so they can just as brothers cool because I think a lot of people go to shows of bands or artists that they've always been a fan of and they want them to play the new stuff but they want to hear some the old stuff ace or three times because that's what we heard in the audience some people make signs people call out hey please play this one and we tried to also mean grades will here personally I was like that's really impressive but we we challenge ourselves on the storm we said we should try to do something special to make every cities different whether we play the same song enjoy the show have fun yet we recognize you really WanNa do then and you're living your best life now you're catching word that like years we thousand and burn up become kind of became like college in Denver you said you didn't have tickets I guess you're coming to the same guarantees bidding friends to see this concert we kept saying to him that so incredible what he did he does a fan call at moment and he'll ask people questions what's your name where are you from what's one of your favorite songs the time and we just you know we had that going for us but with out you guys and the people listening subscribing liking and following chicks in the office the and I'll say that even our guy friends like when we go to your shows they're jealous they're like Oh shit we buy tickets quickly like they should my job is kind of weird how people that come in greed or won't meet out that you say I've met some best friends just being a fan for so long and it was impressive that he got up there and just started playing it and he song from any point in time I mean it's more impressive could remember for me they will request songs and we'll be like all right we've got like five today requests of bb good for example and if we feel like in the moment that's the one we'll play A boy band even though we we play instruments rider songs a little bit different Not a lot of corey hours there was some guys that I think we're embarrassed to admit they were fan to make sure we do justice so we every once in a while sit around ray a bunch of these songs just in case but we do feel inspired in the moment to just play them how did you guys kind of manage the Balance Joe sorry they were GonNa say the

Ria Rian Fran One ninety nine dollars three years two thousand eighteen twenty t one hundred six percent seven six seven months twenty five percent eighteen percent eighteen hours fourteen year sixteen weeks ten minutes five years one minute seven days six months three days four days
EP90: The 43% of Women with Claudia Reuter

Babes and Babies

1:04:34 hr | 1 year ago

EP90: The 43% of Women with Claudia Reuter

"I am a full time working mom of girl after battling endometriosis for many years I wasn't even sure if I could have children my name is Theresa Theresa and I know hey everyone welcome back to the miraculous Mama's podcast podcast I'm your host Elizabeth Joy and if you're joining us for the first time welcome we are a podcast that believes in empowering women through storytelling an education in we're so glad that you are here we have an awesome episode for you guys today but before we hop into that I have a couple of snippets to share with you I know a lot of people are doing or looking to go that route in some people's insurance covers it a lot a lot of people don't and it can be a super expensive thing to invest in but I've heard from a few of our listeners that if you you order the drugs from Europe it's actually fifty percent cheaper I thought that was very interesting and kind of cool because the pharmaceuticals in the United States states are just highly outrageously priced. I know you can get diabetic medication from Canada for like ninety percent cheaper than here but yeah yeah you can order. IVF drugs from Europe I know somebody who actually flew there for the treatments and then somebody who ordered their medications from there and I thought that was super interesting so if that's a route that union spouse really want to go but you haven't been able to afford it or didn't think that it was an option because your insurance doesn't cover it and it's super expensive expensive maybe do some research and look into that because there might be an option therefore you also I am going to to be finally starting video series on trying to conceive an preparing your body for pregnancy it's been man I feel like it's been and five months for me so far of getting in a healthy head space but also preparing physically I did the hormone testing with Dr Patrick Flynn and I found out that I'm at risk for breast cancer my hormones are off found out that I had a parasite in my guts and that I had these food allergies I wasn't aware of that were kind of making everything harder it was making my hormones like it was making it harder for them to balance out because the strain and inflammation in my gut in the same with the parasite so it's kind of all interconnected and so many people I think it's hey like I'm ready to get pregnant now and we're just going to start trying but I would encourage you to look into the things that affect your hormones look into you preparing your body and starting to take a good prenatal and supplements and eating the right foods beforehand because there is just so much that goes into that but not only for you but for your spouse is well there's tons of research out there now that shows when men drink when men drink a lot while they're trying trying to conceive your baby has a forty four percent chance increase of being born with a congenital heart defect and if they're smoking and increases your chances of miscarriage miscarriage and even heart disease and stuff like that leader on in life so there's tons of research out there and I feel I feel like we've been misled we've been told like Oh when you're ready to get pregnant just start having unprotected sex and that's just really not the case even even when it comes to birth control like you think you can just get off birth control get pregnant but it takes the average woman who has been on birth control eight to eighteen months to get pregnant depending on why she got on birth control if she got on just to practice safe sex or just practice pregnancy prevention Incheon that's one thing but if you got on birth control because you were having heavy periods or they were irregular or anything like that that's covering a symptom up that your body's trying trying to tell you so getting off the pill that's going to come back and sometimes it takes your body a while to start to oscillate again so it's not even necessarily eighteen months it's eight cycles of actually ovulating in having a normal cycle after birth control I'm so excited 'cause we're going to be having a couple of episodes in the next month month addressing these issues which I'm super passionate about and I'm really getting into because I just feel like why why are we being told oldest information like widened somebody teach us that when you go on and get pregnant there's steps to take toward it at one of my favorite comparisons is like you wouldn't go route and run a marathon without training in the same is true for pregnancy you'd need to train beforehand you need to set certain habits in you need to get your body prepared to provide vital nutrients there's actually a seventy year long study happening I believe it's in Ghana about this community where babies born in certain seasons are much healthier than babies born and others and the reason is if they conceive in the rainy any season the mothers are eating a diet of rich leafy green vegetables and getting tons of vital nutrients and that affects the development of your baby in the first week after conception it's so crazy I encourage you to check out the documentary the nine months that made you it's so fascinating that tells you step by stop what's happening and what's affecting that but the babies that were conceived in the dry season those foods weren't around and they're born with out the ability to fight infections as well as the babies who were their mothers were eating dark leafy Greens in getting those really good supplements and nutrition so it's it's so crazy because it's things that you don't think about and of course there's Times where you were on birth control forever and you've got off and got pregnant the first month or you weren't necessarily trying and you got pregnant pregnant nearly Oh crap I was on vacation drinking eating whatever I want and it's like but our bodies are also in place to protect that baby and to nourish rush them our bodies when you conceive put your baby I so that's also true of so many people I know and and that's also what this information is for or it's never to look back and feel guilty or ashamed of anything it's only to take that information and to look forward and to say okay are we having having another baby how can I prepare my body how can I provide the best vessel for my child what is my partner's role in that how can he help because you think about it the woman you give up drinking and hopefully smoking and other habits for nine months while you're creating this life in your breastfeeding and men don't have to do any of that but studies are showing now they do so it's not that much of a sacrifice to ask your partner are to stop drinking and smoking six months before you start trying to conceive because sperm cycle is ninety days so and that even if they do you sperm analysis or get checked in it says oh they have enough sperm or whatever it's not telling you the health of the sperm it's not telling you the quality of that which our bodies are super super smart and don't want to accept the sperm that isn't as healthy and wing our bodies reject the ones that are miss shape door have a bad morphology sell our bodies are here to protect us and so there's so many different things go into that but I'm going to be making some videos and sharing with you guys have been preparing I'm going to share with you the tests that I've done the research that I've learn how I'm praying preparing my body for trying to conceive whether it's doing my hormone us or getting rid of the chemicals in my house because so many different chemical oh cool things are endocrine blockers and they affect your hormones they can affect your fertility there's glysophate in certain products which is a horrible pesticide ride that is found all of our homes in different ingredients that has an effect on fertility so I'm going to share some of the information and some steps the I've been taking to try to create a good vessel in a good home to try to conceive and I'll be sharing some of that journey journey through a video series with you guys and I'm super excited about it because I don't share too much on here I've just really tried to focus on getting on great guests is for you guys bringing on experts and bringing on people to share their stories and their journeys so I haven't been able to share too much of my story and what's been going on with me and my body in the healing process for my hormones and things like that so I'll be doing that in a video series that I will be starting starting this week and I'm telling you to hold myself accountable because I've been saying I'm GonNa do this for weeks now I haven't so but I'm super excited to be sharing that with you guys all right Mama is if you are a mama it means that you are basically always busy always on the go it even feels like you're on the go if you're at home because there's always a mess to clean up dinner to cook a diaper to change your kid to play with or read a book with and not to mention the things you have to get done for yourself maybe take a shower and brush your teeth put a bra on or take it off you know you're always always on the go but you don't have to sacrifice amazing being snacks for you or your kids because you're super busy which is why I love perfect bar and perfect kids they are an amazing snack line of fresh from the fridge protein bars that are made with freshly ground up butter up to seventeen grams of whole food protein and twenty superfoods all combined to create a cookie dough like texture that is is amazing and for the perfect kids their snack bars crafted especially for your kiddos kid-friendly superfoods a bar size just for them and that same amazing cookie dough like texture when your kids are going to love it all of the snacks are kept in the refrigerator for optimal texture texture and taste but they stay fresh to one week outside of the fridge and they're perfect for on the go whenever you need a snack and to help avoid any meltdowns and they they taste amazing they're non GMO project verified gluten free soy free kosher low in made in the USA plus they have amazing amazing flavors and I have to tell you our fridge with stocked with the perfect bars perfect kids and I noticed that a lot of our perfect kids snacks wchs were missing and that's because veto was eating them so I mean there for kids and adults but the perfect ones are supposed to be for adults the per- The perfect kids or for kids but I got the kids one's furnaces and nephews but vetos bins munching on them so they are delicious and they are healthy for you which is such an added bonus and right now perfect bar's offering you fifteen percent off your online order so just go to Perth dot at Bar Slash Mamas and shop the refrigerated snacks at perf dot bar slash Mama today to get fifteen percent off your order make your day a little more perfect at perf dot bar slash Mama's also today I have an awesome good for you I have Claudia Ruder on and she is the host of a podcast called the forty two percent sent and she talks about taking time off to raise your kids and returning to work but in that that there is no judgment whether you're working through at all or whether you take time off or whether you choose to stay home and there's such a mental battle no matter your choice whether you're choosing to stay at home mom there's a mental battle if you're choosing to go back to work if you love working you miss it or you hate work but you have to financially need it there's such a struggle all for every mom these days in those situations but there shouldn't be like we are all doing the best that we can and doing what we have to for our families even doing what we want to because sometimes you love work in that makes you healthier mentally to be a better mom and that's okay too so Claudia's so much information Asian for us she's such an amazing woman she is a powerhouse and I cannot wait for her to talk with you so I'm going to grab her all right everyone I have Claudia writer here and and she is an amazing woman she currently works as the managing director for techstars but she also has a podcast helping working moms kind of just giving them them a place to feel heard and grow that community and she has a lot of other things going on she's done a lot of different and things she's an awesome businesswoman and a mom says she's here to kind of talk to us about how her worlds collide so thank you so much cloudy for coming on thank you so much for having me I'm so excited to be here yeah I would love for you just to kind of tell us I guess where you got to where you are today sure so quick background where I am today I currently professionally I work at techstars as a managing director and what that means is I I get to invest in ten companies a year and help them make their businesses better and help them move along in my private life I am really committed to helping basically people hear more stories of what's possible for women whether you choose to stay home or whether whether you're choosing to remain in the traditional workforce whatever your path I feel like there aren't a lot of stories out there of the different waiting career paths that happen happen and so my podcast forty three percent is meant to highlight different stories that people may be aren't hearing about what success can look like and obviously it means different things to different people so I've been interviewing people ranging from women who are CEO's and lawyers to doctors offers people who are actually staying at home people who are teachers so really just a really wide view ominous spent an awesome awesome experience so far a million enjoying them and I'm also working on a book that's due out and just a few months that's can be published a widely and we'll be part of the third series in it's called yes you can do this how women startups gala and billy they want and it's really part manifesto encourage women to start their own businesses and parts because I feel like when talk a lot about had we get more women in positions of leadership and I think one path to get their starting your own company you're automatically in a leadership ship position and it's it's a way to think about different ways to structure things differently and change the rules and and the book also contains a how to guide for if if that's the path you go on how do you do it I'm also married I have two teenage boys who are sixteen fourteen and I love them to death and I never really cool rescue dog named Nora awesome that's so cool yeah you're doing so much so I would love for you to kind of share your story eh because you took a break from the work fields the workforce and it kind of gave you a different perspective on it entering back in yeah yeah so I am forty actually I just turned forty four I had my first child who's now sixteen when I was twenty seven and I it was the first one in my friends to have a kid and I remember or one of the first and I didn't really have a lot of ideas on what I should or shouldn't be doing working for an investment being in the technology division at that point I'm doing things like Admin work you know just it was truly a technical job and I kind of had in my head like Oh this'll be pretty easy I'll have the woman I'll take maternity leave which which I knew I was lucky to have and I'll go back to work and I'll figure it out and asthma Pregnancy progressed I was getting I have one of those people are Arapoff the time I you know like a lot of people do and you know there was nothing that was particularly easy about the whole experience and when I went on maternity leave reality start a son Gannon I realized that any daycare or childcare situation that I was going to be able to find was gonna either add add an hour for my commute on either direction at that point in my life and career it was going to eat up a pretty big percentage of my take home pay and frankly emotionally I just didn't feel ready to go back like I buy three months in I was just starting to feel normal again I'd had like a mass of appease the automated itemise down for a while which is weird and yeah so and I just wanted to I wanted to have that time with my kids and so I'm just kind of left out of the workforce and figured I would figure out later but not right then on and I I should say like it wasn't as Jeff I was in the luxurious position of living in my husband I run a fourth floor walk up in New York at this point and we were we were okay with just trying to make it at work because it was something that we just wanted to do on our family and so I stayed out for while I had my next son at twenty three months later and did all sorts of things in the community like worked on volunteered for aboard at a library you know we renovated a house did all sorts of stuff but was a few years then I started to feel like maybe I knew at some point I needed go back to work to make money I wanted to do something beyond just the family even though that was really critical to me at in it's still is at that point so long story short I was looking at a whole bunch of different things and realize that I thought I had a good path to actually start my own company so I started a company on nine and two lots and lots of iterations and work on it was fortunate enough to raise capital and grow the best nece and then we were acquired in two thousand fourteen by another company and then I went onto lead there like digital services upper up innovation and team for a few years and then I joined starts wow that's so crazy grades no that I took a hormone Montas and a food allergy test in since I took the food allergy tests I have been feeling so much better and even I was breaking out on my cheeks for years I that started to go away and started to notice just the difference that Iowa's filling in cutting out these foods that were affecting me so he decided the he wanted to take a food allergy test and so we ordered one from Everley well and really well offers more than thirty at home lab tests from food sensitivity to thyroid Arroyo to s td and heart health tests each Everley well collection kit comes with super easy to follow instructions and you collect your sample from home on your own on time we actually did it while we were watching a movie the other night beato practice finger and it wasn't painful it's only a little prick and you put a couple of drops of blood on a sample and send it into them and once you send your sample pack in its processed in a certified lab and your results are reviewed by a board certified physician Russian and then they're sent directly to digitally within just days and you can even share them with your healthcare provider to get more details on how that information can help you the elderly well digital platform helps break down exactly what the results mean for you plus you can also set up a free discussion with a healthcare professional directly for through the Everley early well platform so to start learning more about your health like we did check out Everley well at home lab tests today for fifteen percent off in Everley well at home lab test visit Everley well dot com slash miraculous and enter code miraculous that's Everley well dot com slash miraculous this code miraculous for fifteen percent off your test Everley well at home lab test your answers your way so how did you feel I guess like when you did take that break how did you know when you're ready to go back in I don't think there was a real moment that I thought okay today I'm putting on my suit and putting my resume together as much as there was sort of a slow burn on it you know as the kids were we're just getting a little bit more and more Independent on an ice started to feel like I knew there were other things I wanted to do I just started to explore different things and frankly I remember looking at different I would look kind of obsessively what our jobs out there what am I am I actually qualified for anything anymore I do think when you step away I'm elise I did I know a lot of other women who feel the same way there's sometimes a confidence gap that happens for you it's like there's this weird thing thing where you're you're stepping away because you're taking care of little kids which is so I think is so important and so difficult and requires you to have a lot of you know your wits about you and yet it's not something that we kind of advertise as a skill set going back into the workforce instead we're all kind of forced to talk talk about our gap years and as if we were like as if you're in a on a vacation or month and so yeah I didn't feel Oh really confident about what I what was out there a lot of what was out there wasn't going to necessarily work with my life at that point anyway and so I started realizing is in like if I could start my own company could still control my day at least for a while and so worked on a business plan on my it has been is also in software development so he jumped in to help me in his part time and just started taking baby steps along the way in getting in getting a site up they're going to conferences trying to figure out where the market opportunity wise until eventually just kind of felt like a third child that it just kind of took on a life of its own at some point yes so now with you know you kind of started the podcast a forty three percent as a passion project because of your experience in talking with other mothers so I'd love for you to tell us kind of what let forty-three percent even means what it is and what you're doing with your podcast shore so there's stat out there that approximately forty three percent women do step away from the workforce at some point to care for kits and I think that number is going to change over time obviously men are taking on that role is this while in ways that maybe they didn't use to but at the but predominantly it's women style and so forty three percent step out I had been into a number of industry events over the years where you get to hear fireside chats where someone will interview someone who's been super successful they'll talk about their path and I remember being at one of these events last year and thanking you really can't hear these unless you're in a big city or in a community where these events are happening and and so often I feel like women who have either whether you've stepped away or not stepped away there's sort of a stigma around talking about your our family at work at it's sort of like people feel like they need to compartmentalize that people often don't want to talk about how challenging logistics can be for pick up and draw all just things that are little but they're they actually make the day pretty challenging so I thought if I could just I know so many amazing women and I felt like if I could just do fireside chats with them people would hear that it's not just women intact or it's not just women in a particular industry that we all I'll have the same challenges whether you're working or staying at home to work right and you know just start to hear different experiences that are out there so I started just doing some recordings ratings of people last November I want to say about it just a little under a year ago almond was really fortunate to connect where the producer any Westervelt who understood understood what I was trying to get at and took it on to produce it and now she's had an amazing journey of her own now I'm working with breath wonder media is producing our second season right now yeah so how I found out about Claudia was I was a podcast convention and I met a couple of the women women who worked for wonder media and they were talking about the company and then they started talking about the forty three percent podcast and I'm like oh my gosh I got a I got to figure out how to get it does lady on so I ended up getting one of their cards and reached out because I just think that's that's so cool because like you said I mean you go to these conferences Francis or you go to a place where you can have these fireside chats and that's where you fill that's where you get inspiration that's where you're like oh my gosh these other people are doing or oh my gosh first this woman so inspiring she did this this and this and she had kids and she did this and I'm feeling like I have to make a choice like you said after can I say the word right now Carl Hart Man Alive the word does I lost it like my life you know so oh it's when you get into those settings that you get that inspiration and you have like more like you can develop it's more more in an intimate setting and you can develop deeper connections with these people and leave feeling empowered so to turn that into what you're doing is so cool yeah thank you yeah I've been I've been so blown away to buy people's willingness to have on Intel story because so often and people you uh-huh people share what's what's great what's not what's been hard what what's working what's not and it's been really interesting to hear that the challenges are the same whether a you're at the cease we'd or whether you're you know early in earlier in your career at a totally different place people are challenged around and you know what to do when worlds collide and you you're in a meeting you know you get an emergency call or on and and the emotional emotional journey that happens you know I think it's easy to be like we kind of have think of ourselves so much like these cereal beings than you know just mechanical panicle like okay we had the baby now you put the baby here now you go back to your job and like you know there's so much more like emotion involved and And then I think we acknowledge yeah I don't know why this time of year I seem to get senior itis it's like the year's almost over you've done so much much already I don't WanNa get things done as much it's cold outside you wanted to be cozy I literally haven't grocery shopped in over a week which isn't didn't like me but I have senior itis but that's 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You know that you're going to get something delicious in their flexible you can add extra meals here weekly order and add add on's like garlic bread and cookie dough and it's easy to change your delivery days food preferences and skip a week whenever you need it it's it's the perfect thing that helps me cook at home when I don't WanNa go outside and I have my senior IDA's and I wanna try something new they are to my rescue and right now we have an amazing offer for you guys for a limited time only you get nine free meals whip hellofresh so go to hellofresh dot com slash miraculous Mama's nine and enter Miraculous Mama's nine that's the number nine so go to hellofresh dot dot com slash miraculous Mama's nine enter Miraculous Mama's nine for nine free meals with hellofresh you know you were saying day a lot of the people that come on even though they have completely different stories there's still so many of the same struggles so I would love to kind of talk about those like water for the MOMS who are listening that are working moms and they're like yes like we're listening to this woman or somebody who is at home I want to join the workforce again I know we had talked before like Gil kind of huge in kind of all arenas of wanting to go back to work feeling guilty about that or wanting to stay home or the need to go back to work and like there's so many similar struggles and for the women listening I would love to just dive into a few of those yeah short I mean I've heard so many different kinds of things that people touch on you know I think it's easy sometimes people think oh if someone decided to be a stay at home mom it must mean that they're incredibly priviledged hand that they're just you know they have so much disposable income they don't know what to do that sort of a stereotype about their and in many cases that's not true in many cases people are stepping away because childcare simply isn't affordable for them and yet somehow they're they're like it's better to cobble things together from what they have to try to make it work on a lot of only seventeen percent of companies actually offer the attorney leave so tons of people even working at good companies are cobbling together a way to just heal from a pretty major physical van Dan on through sick days vacation days you know it's it's not a it's not a glamorous occasion right so people are there's some real just financial challenges that people have to try to figure out of make it work even for people who are more were you know who are further along in their career maybe the financial partisan the biggest piece of it there's the emotional piece of guilt on comes by that we interviewed one woman and who was kind enough to share her her experiences and issues very successful an ivy league educated businesswoman and she talked about about how she she and her husband neither one felt that they were going to become stay at home parents but then her husband lost his job on and on so then she had to be the one regardless and you know she talked about how she would she was fine with doing that and yet at the same time cried every daily in daycare and and it's just you know or are tack to another woman who she had been a partner at a law firm and just from a scheduling perspective couldn't make at work because at a certain point shift three kids but her youngest has autism and the special means and and care that he required not something that's readily available through traditional system so she ended up starting her own practice on that gave for more flexibility to be able to carve out the schedules she wanted to and and still provide the care that she wanted to be able to provide to her son on a theme I'm hearing over and over is that women are are dealing with structures in my mind that were not designed with any of this in mind now like the traditional corporate structure that's air was really designed with a you know if it was designed with families at all it's designed with the idea that there's one person who's the primary breadwinner and there's supplemental earner or a stay at home mom earner are you know who's at home with family and so that's why the school school day doesn't match the work day summer vacation doesn't match the Business Day and so I feel like everyone that I talked to is trying to do things that are meaningful for them and their professional experience and the education that they've had and yet at the same time we're struggling with these structures here's or just being creative to find ways to work around the structures that weren't really designed but any of this in mind yeah wow I mean that totally makes sense in I've heard some similar stories of women just like trying to find that balance and I guess that's another another word that you hear a lot right when you're talking to working moms it's balance like how do you balance it all and and I find that that's a question that does come up a lot and and it's weird though because it you wouldn't ask that to a working dad yeah totally totally you know that's one of in one of the things that comes up a lot for some reason the trend or the pattern is that if a guy is has has a family and is working he's perceived as more responsible and if a woman is working with kids they're still side this motherhood penalty where she's perceived as is less reliable on and will often be asked Oh is this okay will you be able to handle this while you're able to manage this and does is it sets us up for this like lean and lay now debate versus getting to the root of what we're trying to jail that's one of the things the the book I've been working on that's the topic I'm trying to dig a little deeper into that I feel like there's a bit of a false dichotomy out there this idea that you you know we can lean into the structures that exist today and try to make them better or we can lean out and stay home with our kids and we kind of sat people up for this debate and I'm like we're debating based on by a whole system that was not designed for us so what if what if we did get more women into into entrepreneurship and redefine what the workday looks like we have all these startups at have dogs in the office have worked at home policies like there's but no better time to have to rethink a lot of things as you thinking of new business idea in my mind yeah well you hear that a lot though that there is kind of this rise up of women entrepreneurs and mothers who are wanting to create something for themselves and for future people and starting those companies of supporting being supportive because you understand the lifestyle you understand that somebody's kid hid might get sick you understand you know that somebody might be breastfeeding or whatever it is or what maternity leave is like or what you hoped hoped it could have been like for you so you have the chance to actually make that difference in your company and be creative to find ways that you know if that person's sins on maternity leave that there's not a gap in your company but you can still bring them back in seamlessly completely like I was interviewing one woman Erica Hogan a few months ago who started a consulting company now focused on helping companies think about how to have companies that already exists how did they have better policies Zaid's for working parents and one of the things she mentioned she was an early employees at twitter and she and some of the other folks started a a resource group to help new parents one of the things they identified as this need you know if you were breastfeeding in sales were traveling in in your baby might be back at home so they were working on things like how do you freeze to ship it like just logistical stuff that nobody's talking about or thinking about how so it's really interesting to hear people trying to solve those problems and you know just a and there's a comedy and all of this too right like I was talking to I'm leslie forward his she's executive focused on product management and she talked about traveling to China for work and thinking she had everything together and and then she had the wrong adapter China to Hong in and she like a whole thing exploded so it's like these crazy things that just happen it's part of being a parent but but having corporations I think recognized that if we WANNA keep women engaged engaged and we don't want to have a high attrition rate we have to think about ways to look at everyone as a whole person and there's been a lot of progress made I think in terms terms of you know there's more opportunities at a lot of companies to work remote but also getting people out of the mindset that working remote means you're working part time or that you're somehow not contributing much I think we have the right technology now where it's more helping people realized that maybe you can't do a meeting at at three o'clock because that's when the bus comes and the babysitter arrives or whatever the craziness that's happening is maybe you can do plenty of work at eleven o'clock at night you know that idea of having real flexibility and more autonomy in your day versus that factory mindset of what we all must sit at our desks from nine to five I really hope that we moved jumper outcomes based world people are focused more on what did you produce when he making you know how valuable that are says how much time did you have today yes that's something I've never really understood with some job south it's like okay did you get your work done for the day then why are you here for an extra five hours the like you know what I mean like I don't know I've never understood like okay here's the goal here's what we need to get done and if you can get that done by this time awesome right right that's always worked I was talking about this the other day with someone and he was like to your point he's like why are we being punished honors for doing a good job right right we you know I think of course there are some jobs where the time matters right like a few you're going to be working working at ice cream shop and you need someone there to scoop the ice cream for five hours or eight hours at a time than that requires you to be in person doing that job but for a lot of the work that we all do now whether it's Codeine or writing or even working on strategy a lot of that has a lot more a lot more flexibility ability on how we work and certainly if you're working with people in different time zones that creates a whole other set of opportunities to think through what the traditional workday looks like yet what do you is there tons of women in the tech industry there are not there are growing number tech it's one of those industries I become very used to over the years being one of the few women in the room but I think it's it's growing there's a lot of there's a lot of people advocating for more more women in Tech but certainly the majority of people eager to go to Ted Conference or going to attack the majority of people are man and same for the venture community so you know during the investments it's still predominantly a- guys game but more women are coming in for sure yeah what do you say I guess to the people because there are a lot of women that I know who had to return back to work either they wanted to or they just needed to monetarily but but the place where they work didn't offer flake like one woman I know she was exclusively breast pumping and she would get a small window of time to pump a couple times throughout the day but the room was like seven minute walk and by the time she got there they have only a couple of minutes to pump and then have to go clean the equipment go back to her desk and she had brought up and it just seemed like nobody was is listening and nobody was carrying and then she kind of had to grieve being able to breastfeed her child because her milk supply wasn't keeping up as much because it was ah just became a huge stressful thing for her and then she you know she wasn't ready to give it up but kind of was forced to because of her job yeah that's totally that's tough that's tough I mean I I actually didn't end up breastfeeding because I had a really hard time whether on so I don't I don't personally have that experience I know companies more and more are putting the nursing Roman there so that you can do that but kind of counterproductive if you're putting and not not like people access it if that were me I'd have a really deep conversation with HR to figure out a better plan on how you you know have how I could be supported and frankly if that's that's example like if a company is saying they're supporting people they should really be supporting them it shouldn't be you have one minute to figure this out because as we all know like everyone likes to think that breastfeeding is just the super easy natural thing and for some people it's not like that's why I had a really really hard lots of tears lots of like thinking again this was gonna be this really easy natural thing for me and nothing the thing about it worked at all it was just like literally disaster I don't know how to describe it and finally I was like well we're all going to start the by but it but these were the business like hard staff because we're all told this is the right thing to do and then to have the added pressure of thinking gain if you're already struggling with it or you need more time and then you like your boss is voice in your head trying to rush you out the door or I I don't know how I would I would probably just have started crying so I think that's a hard thing too is like people in that situation like women who do get go pump hump throughout their job they still have to deal with remarks from other people of like Oh must be nice to get a take ten minute breaks throughout the day Ed when ever you want you know and just kind of dealing with maybe the people who don't get it and all of that kind of emotionally adds up totally I remember when I was pregnant at my job on they had this was sixteen years ago so it was kind of a big deal that they had done this I said it was pretty progressive they had put in a chair in the women's bathroom and was like nursing ran for being like I don't want to hang out to this but to your point yeah and at that point I worked with all guys on and I was working in intact and I was doing in you know technical support staff and yeah that would have been really uncomfortable I think and maybe that maybe that was on me that I was feeling Elaine uncomfortable it's not as if someone was overtly doing anything but I think it's kind of like when you have to get up and go use the bathroom constricted change like your eminence stopped doc period Just like God I don't really want to do this I don't WanNa have to bring my person to the bathroom when I'm in a meeting like that's that's weird but it's just like the joys stories of being a woman yeah no it is for sure I hope that I do think there are a lot of shifts and I do think that we still have a long way to come because there is I think from a men's perspective they understand like okay this person just had this this baby but then they get three months off and then they get a comeback without missing anything when I've been here the whole time yes and I think it goes back to people not understanding what that maternity leave and this is the other thing I've noticed show is at I've interviewed so many people over the years right and all interview a guy to maybe took some time off because he had a financial win or I perceive that that's what happened and he'll be like Oh yeah I was just in the islands unst for three months and I think oh my Gosh this person is so successful rate like he's so confident in like he he'll be able to come in here and just start crushing on find a woman who is like on so Saran I've been at home with the kids I you know I haven't been up to and and they're apologizing and feeling bad and we're we're kind of filling in the blanks that you know that somehow wasn't as valuable as someone just going on vacation which which is really weird because I think I think the months you have maternity leave our it's really like a medical leave I mean for a lot of of course there are some women men who is just super easy and you have this baby in everyone slaves and everything's great or for the for a lot of people there's postpartum depression there's unplanned caesarians their deliveries leverage that Garang airs babies that need care that you weren't expecting needed care there's people who don't sleep in those three months are just especially for the first one it's so life changing and it's beautiful and it's all the wonderful things you hope but it's also exhausting it's not a C. from physical perspective sharing earlier like I had a PC Ademi and that sounds like that's just a thing but it's like for three several ever weeks I was walking around with like an inflatable doughnut and you can't sit down unless you're sitting on the donut if somebody stitches that's the worst thing in the world but it's not it's not this is like oh I got to take a break from work and hang out at home and watch TV for three months lay it I got to stay at home and bond with this person who had just a few weeks ago was it's literally inside now they're outside and you're trying to get to know this new person what they need on your sleep deprived and it's it's it's something I feel like we should actually looking at going wow that was really impressive that you did that last three months welcome back thanks for thanks contributing to society you know versus or says I'll how come I don't get maternity leave break that you just got right yeah what would you say to I guess women who have taken a break from work whether it was just maternity leave or maybe took a few years off to to be get home and are entering back and they kind of do fill up apologetic about that gap or they want to explain like how do you feel confident confident going into an interview when you've taken years off work and you're coming back but you are fully qualified and fully capable and how do you turn that gap into I ask your strength I think I try to attack women Abou- thinking about the things that they've done as a mom that are actually the same things is that great managers do like if you really are focused on your family in a positive way as a stay at home mom you are most people on the WHO are trying their best are really good at conflict negotiation Dave doubt with plenty of tantrums and people if more than one kid's the people debating what should or shouldn't be happening and if you're if you're really at it as a mom you're you're becoming better and better and better at conflict doc management you're able to deal with we talk about great multi-taskers I like to think of it more as moms great having to deal with a variety of different challenges in any given moment on and so you know they're they're quipped to you develop skills to remain calm while you're working with really really young human and maybe there's someone at anything could happen in a day at mom like someone may eat so someone might accidentally pulled the fire alarm like anything really have been and that per- cares you in a lot of ways crisis crises that can have at work it doesn't mean that's the same situation but no situation is ever the same if you have your wits about you and you're focused on you know what is asked for Mike Ed's that same mindset of how am I helping these people on their journey so that they're learning to talk or learning to walk they're doing all the things that will make them full people people if you've got the same mindset on your teammates and your team members you're going to have a team that does amazing things you're not obviously worried about baby thinks with them Um but you're thinking about I make sure these people feel empowered how are they remaining curious how are they gonna WanNa continue on their career journey when you're in that mindset mindset of helping people growing develop your amazing manager so I try to remind people like what you do as a mom and you think about it at a strategic level it really translates really really well to manage now yeah that's true yeah no that's awesome what would you say I guess to women who you might have a business idea or they're trying to start out on their own Any I guess advice for wanting to join that pat you know the female entrepreneurial people who are just making it on their own and and setting new standards I would say definitely look in your local goal area for a network on network with other people who are thinking about entrepreneurship even if it's not in your space it's it's a lonely the journey so it's helpful to find other people and a lot of you know certainly in big cities but in a lot of communities now in more and more events that crop up on ways take to get involved and then there's a whole bunch of steps that people can start to do to really flesh out what is their business idea is this something that I I just WanNa set up as a small consulting business or small independent company an and maybe you know build build our offer a one time service or am I really they trying to build a huge scalable organization that's going to grow over time and depending on the type of business that you're going to build you'll need different different sets of resources but wherever you're starting the first questions are always saying like who is my customer what exactly am I making him why who's my competition Russian so there's I think getting to the right network in your community going online and looking for different online forums there's a whole bunch out there right right now that I can send you links to after the call if you want that that are meant to help people navigate all of these things but really just thinking eighteen through am I am I saw being a real problem I kind of like to remind people like you're either if you like if you're making a vitamin or a painkiller right so so if you have a vitamin better be amazing 'cause people will just take it for fun or buy your product for fun and if painkiller you're making something that is re meeting meeting a real pain point is something people need and that's usually where people are also is money that's so interesting you used a word in there finding out who your competition is so how as women do we not see each other as competitors especially in this field of wanting running to like root for each other because there's enough against us right now and you know especially mom's wanting to enter for it and So how do we I guess uplift each other and not I mean you could be competitors but we can still be rooting for each other yeah totally so I mean I think the idea of if you're starting your own business you need to be aware of what are also already out there you nor they're already the big companies doing what you're doing so that that's what I meant by competitors but I know what you're saying like sometimes as women it's easy to be all like there's the competitive nature among all of us like oh well you know I need to keep my idea but I like what I like to remind people like there's more than enough for everyone if you just look in nature you can there's more than enough on and so I like to remind people like volunteer purposes if you find you find a tribe of other women tried right I remember like you can all you know there are ways that everyone can help other people assume good intent assume that if you're talking to someone they don't have that intense assume that the I know we kind of tell people oh be wary of strangers and all this kind of stuff I try to remind people like that's actually kind of it sets you up for kind of a Ah a narrow life when you do that I liked Myron people from our people are really good and have good intact so spend time focusing focusing on that and you'll you'll find yourself gravitating to really amazing people yeah no that's very true and I mean I look at the podcast arena for example I interviewed tons of other podcasters and I've never felt like oh well you have a podcast so you can't come on mind because what if my listeners it's like go to yours you know like it's like you're you're going to track the people who are getting fed from what you're putting out there from your content and and and I bring on people who are doing coal works so it's like yeah go listen to the forty three percent and if you're you know especially a mom who's entering back into that filled you're gonNA find tons of information a lot of women who have gone before you and it'll be very relatable if that's the season of your life that you're in yeah I totally looked to have my fun that it would be so much fun but yeah I mean what you're doing is awesome and you guys it's definitely should check check out the forty-three percent and I found that it was super interesting I didn't know that seventeen percent of companies do not offer maternity leave like how do I make that change well it's funny because like I was doing it because I'm working on this book I've been doing all this research on it and then when you start to do the research it makes you crazy you think about it's like nineteen twenty women got the right to vote but we didn't get the right to even open our own credit cards without a male signature until nineteen seventy I took times down to and for this whole idea of maternity leave has only been something that's really been debated talked about in the last thirty years thank and there was progress made because everyone knows family medical leave act for but really what that vein by you're not going to get fired you're not gonNA lose your job but it doesn't mean the company has to pay you on but keep in mind to wasn't that long ago until nineteen sixty five a civil rights I it wasn't that long ago that actually it was even later than that I think it was the late seventy s seventy eight where they couldn't make pregnancy in issue in the hiring process like it really wasn't in our in my lifetime it was totally fine for an employer at one point to say oh you're pregnant so yeah we won't hire you on so it used to be seen as this liability like go home and take find another job and so companies just I think com people just keep doing whatever the status quo is until enough people bring it up as an issue and it was a big breakthrough to be at the point where companies weren't gonNA fire you or hire you with agni-ii in mind on and now I think people are starting to realize wait a minute if we WANNA keep good employees this shouldn't be something that is seen as a penalty for women to take this time to bond with their new baby and and frankly for husbands to I mean for for paternity leave I I think it's really important and it's really just being talked about but matt imagine if we're in a situation where husbands could also take in three months off and you'd have the first six months with two caregivers at home or something but yeah only seventeen percent right now enough people really challenged that or people make decisions on where they're gonNA work based on that I don't think we'll see a change until enough people start raising it as an issue yeah well it's crazy could so many other countries have the systems in place and it works great well it was funny I was actually talking to someone who heads up hr or a company in Ireland and she was saying how they have guaranteed six months but but they still have an attrition issue women don't come back in Easley and she tied to flexibility she said you know the maternity leave is one thing and then it becomes the flexibility ability on she said a lot of times women will say oh well what if I just go to a four day workweek instead and I'll take Friday off and she's like well that doesn't isn't solve your problem if someone throws up at daycare on Tuesday and when you really really drill into it what people want is flexibility to know they're not gonNA lose their job ah they're also being responsible and that sort of what what we need to get everyone to talk about yeah no absolutely I I don't remember where I was watching this I think it was on a show but they they were talking to the mom about that like how she had missed out on certain things because wake her child had thrown up and then like her whole family was sick and it's like me on lake normally when your kids rose up a daycare for some reason it's the mom goes and gets them usually not the dad and then they're the one who's getting penalized for the hey you already took a day off work or whatever it is and it's like if you're trying to be a responsible good parent like where where's the line like there's not a lion bustling were like how do you make it all work it's so crazy in those first few years like so many kids like they just I feel like they're just little germ factories increase great like I think I was the sickest I've ever been when my kids were toddlers because I was like what what is this when we bring home exactly yeah I had all the there were so many weird things at that age and so like now I try to be understanding of other women I work with who are at that stage of life I remember remember it and if they are here working and they've got kids I try to I it's hard maybe I try to remember like I know at that stage is like I know they're being responsible and log back in leader it'll be fine but a lot of people don't think that way so we just need more people to do that yes which which is why we need more women in leadership you go yes in to root for each other so if people want to follow what you're doing where can they find out more information permission on you so we've got a website called the forty three percent dot com it's T. h. e. four three P. E. R. C. E. N. T. dot com on and I have also have a website cloudy Reuter Dot COM which I don't update nearly as often the Anna's Dale but forty three percent is pretty updated and of course we're on all everywhere you get on cast awesome thank you so much cloudy for coming on and sharing with us and and I don't know even just like inspiring women to fill more confident to get back out there if that's the route that they're choosing to to go and to even push for more leadership positions don't feel like because you took a couple years off you have to go back at entry level if you've had experience on a different one like go back in for you know for the the role that you deserve the job that you deserve and because you have been managing a family yeah if if you wanted to pay someone to do it you'd have to pay them a lot of exactly exactly well thank you so much for coming on and we will talk to you soon thank you so much I really appreciate it I love Claudia in the work that she is doing in Intro I said forty two percent I san corrected it as forty three percent percents so make sure you check her out it's an amazing podcast for working MOMS and anybody who's considering going back to work or even balancing your stay stay at home life the work that she's doing is awesome and I'm so grateful and she agreed to come on the podcast so if you guys are not following being rancorous Mama's on instagram or twitter you probably should 'cause I'm still learning how to tweet in need your help so I'll be posting episodes up there if you guys can re tweet them out for me that'd be so helpful follow us on the Miraculous Mama's instagram where I always post quotes from our guest information about them interests interests little tidbits in the stories information that I find through instagram and then join our miraculous Mama's community on facebook women there are awesome mm-hmm and I am just so incredibly grateful for them their support their love their time and energy that they invest into it is is really amazing and if you're listening to this podcast and you're not subscribed hit that subscription button so that you can stay up to date on all the podcast releases every Monday when they come out and share share this podcast somebody who you know needs to hear it or somebody you think quid enjoy it if you're loving what you're hearing give us a rating or a review review we would love your feedback and I just appreciate you so so much in love you guys so much and I am so excited for the next couple of months months of guest breath there's just continually amazing people coming on the PODCASTS and giving us free education these are experts in filled in fields that are bringing information to us for free and they are just awesome and I'm so grateful for them for taking time out of their busy schedules federal's to connect with us answer our questions and help us learn and grow but I love you guys and I will talk to you this podcast is

Europe Canada United States Theresa Theresa Dr Patrick Flynn Elizabeth Joy IDA three months forty three percent fifteen percent eighteen months nine months five hours forty-three percent twenty three months forty four percent forty two percent seventeen percent seventeen grams ninety percent
Do You Feel Behind With Your Money?

Chris Hogan's Retire Inspired

32:09 min | 1 year ago

Do You Feel Behind With Your Money?

"The IP's you don't wanna miss the upcoming episode i'm gonna talk to angie she keeps having unexpected emergencies and it's getting frustrating so she wants to know how could she karate chop murphy and deal with him and then i've got k. j. calling in he sick and tired of renting he wants to know can he buy a home but here's what's the deal he's got a little bit of debt laps to guide him we're gonna have a blast you welcome to the chris hogan show home home of everyday millionaires i am your host chris okay this is your show where your life and your money takes center stage and never forget VIP's it's your life take charge charge while i'm excited to be back we've got an action packed show we've got people that have real questions real situations and guess what the IP's they need real answers so i'm excited lied to be back with you as you know this show exists for you so guess what i need to hear from you so if you've got a question you've got something that's been lingering in the back of your mind so you think hogan i need an answer or i need some guidance guess what i want you to call us the number to call is eight four four two eight three nine three eight three again that's eight four four four two eight three nine three eight three or if you prefer you can send us an email just type of the email asking chris hogan three sixty dot com in the subject line just put question it and then throw it down on paper get this thing off your brain so we can learn and we can chase down progress remember it's not an accident we gotta stay focused is my friends because we're not finished okay i'm getting to the phone line i've got i'm going all the way out to iowa i've got angie online angie how are you krantz how're you doing well oh you know what i'm going to tell you i'm focused and not finish what's happening at first of all let me ask you how much snow is on the ground in iowa right now and i heard island not much okay but not much how couple inches the graph we have all okay all right good good i can still come out there then what's on your mind young lady where we say about twenty three months ago got through baby step one and two very quickly we have just been stuck on baby step three since april of last year murphy here's just moving and will not be alone and you're just wondering if we are just ready mercy get us more we're doing the best we can and we just need to keep pushing through okay okay see now we're gonna talk about murphy 'cause he's rude isn't he rude he just won't show up he'd knock sometimes he just kicks down your door and comes on in and but before we get to that let's revisit some winds baby step two you said you got through it quickly how much did did you guys pay off five hundred eighty five hundred and what what was that debt combination of cellphone student loans medical okay no credit cards no no credit carter all right let's see anti all right so what did you learn about doing baby step number two echoes awesome do not have that that's exactly right and you guys made some adjustments made a few we didn't have to make as much because he had a pretty decent income to fat ratio traffic good so has the income changed and it has gone up a little bit it's just murphy wakes back steps he just keep moving okay all right now angie let's talk about serving on like him i don't i really don't i wish i tasers him to be honest with you but but let's talk about how has murphy shown up in your life we had my youngest child had medical issues within the hospital and had visits to louis specialist that was far away once or twice a month r h factories one out got condemned ended up not only needed to do the h. can air conditioning they also reduce the ductwork didn't know i had an underlying medical issue i nearly die from oh my ended up having surgery for that in september and so yeah i mean unexpected expensive since april last year almost fifty thousand okay first and foremost how's your child doing he's doing great very good and then how are you doing andrew i haven't felt this great years see that's to blessings right there so that's good with this h hvac system that went out how did you us pay for that ended up cash lean that and our church wrote about it and they decided to help with that you know did did you hear you angie let's go go back three years if you'd had an h back system three years ago it wouldn't have been like that wooded no no you would have grabbed some debt yet put it in your pocket and moved on with life see that's what i'm saying i wanna point now you all have grown murphy has shown up but i'm gonna tell you you have judo oh chop murphy and the throat okay you all handle business because you cash flow this you didn't go backwards into debt and now what you're saying is as chris has been frustrating because we're working working hard and we're trying to do it the right way and we haven't made any progress now of these things they track system you didn't have control over that was murphy the medical things you didn't and have control over that was also a murphy thing so when i want you guys to understand you and your husband i want you to rally and say okay we did have some things pop up but you handled it the right like way energy you guys did yes you did and so now it's a matter of okay now what do we do how do we buckle down and get this baby step three three situated to give us some breathing room you see you all have learned first and foremost why the emergency fund is needed you see it's there to protect you and and you all have been able to cash flow and do some things the right way and i'm proud of you so i want you to hear that you've done a good job you didn't go backwards into debt you've handled it so now what do you do you take a deep breath you put your shoulders back and you say we're gonna move forward now more intentional than we ever have been more clear than we ever or have been because we know it's needed and you guys can do this see twenty twenty is going to be a different year for you twenty twenty is going to be the year that you guys go we got down with baby step a three we rolled into baby step forward you begin your everyday millionaire journey i'm proud of you so you and your husband take a deep breath you're going to get through this it is frustrating anytime i'm you have to write checks for h. back systems and heating and cooling and all these medical things that pop up it's frustrating but take a deep breath and say it's okay we're going forward thank thank you so much for calling in andrew because other people are out there and they're feeling that same pressure that irritation because you want to get through it i like it now we'd had a different conversation if you guys have gone backwards into debt then you're back at baby step to see backwards doesn't equal progress we wanna push forward so thank you for sharing that i'm proud of you i'm proud of what you all are doing stay focused young lady you're not finished all right i'm on a roll i'm staying out on the west side of things i've got k. j. denver k. j. how are you i'm doing well man man adopting this focus announced his style whilst the i like you already that's right you do have to adopt the lifestyle because when you do that something is changing you you get rid of the norm and now you're pushing forward i like you already what's on your mind buddy so i can basically could ask you a million questions because i'm just getting into this you know danger antique team in you know my main question is i got about thirteen thousand student loan debt and i got a good enough amount of money saved up for a down payment on house i just don't know if i pay student loans i you know say what further down payment on a house okay because i could i could make the payment it's gonna you know deplete most of my savings four down payment on a house and i really hate to get no saying okay all right tell me this how old are you twenty three all right twenty twenty three years young at like this and okay what's your household income right around one hundred and ten thousand or you making some good money okay and how much have saved for home downpayment payment about thirty thousand thirty wow how long have you been saving for the downpayment savings january i i graduated in december okay so if i'm hearing you the right is the only debt you have the thirteen thousand in student loans the other was fifteen hundred on some couches at my wife got in the took care of that real fast uh-huh hey how long how long have you been married three months all right don't though the wife under the bus no more okay you got a problem you got a pronoun amount problem you were there would encounter bought you a part of it too don't don't blame that certa issue on her all right so got to couch his paid off thirteen thousand student loan is that all that's left yesterday it's basically broken down into three separate loans okay mom with their own steaks intrinsically and there's there's one that's about twenty seven hundred a and then four and some change and then three and some change and to take care of the twenty seven okay i just don't know that's the right thing to do very good now you're sick of renting you've been renting how long since january okay what floor are you on the reynaud are you on the first second or the third floor second okay so it means you got people below you you and above you right all right listen to me i'm proud of you number one at twenty three years there's young that you've been focused you've been saving money that's not an accident but i want you to listen to uncle get all right if somebody if i was twenty three i'd want somebody to grab me sent me down and say hey here's the deal you've got thirteen thousand student loan that you can't erase today you can get it out of your life now i know you bet saved on a home down payment but i want you to hear me with with the baby steps see the process is you do thousand dollars what you guys have then you attack debt once you attack that and you move to baby step three that's fully funded emergency found a three to six months of expenses you've got thirty thousand saved nano was earmarked for home down payment but how about we earmark some of that for a couple of other things i i want to use it for your freedom and i want to use it for your protection no hear me with this you've been an apartment living for a little while everything's gonna be alright but i want you imagine imagine the thirteen thousand in student loan debt is out of your life bam gone then you put that protection in place by having starter emergency fund of the leftover seventeen thousand you've got thirty you pay off thirteen at least seventeen that you now use your emergency fund now what you do because you're in sales is you keep on selling you and your wife get on the same page and you get more focus than you ever have and then you start to build up and save for the home down payment you can do this at their income level of one hundred and ten thousand with what you're doing everyone i'm gonna tell you right now you will thank me for this you're gonna thank me because you're going to relax because you've got some cushion but you're also going to not see that statement showing up in the mail l. with that student loan payment with that little dollar amount each and every month you're going to do this so i want you to hear me again talk to your wife the night sit down you guys get on the same page wjr payoff that student loan in the next seven days move that seventeen into a money market account that's part of your fully-funded emergency fund and then start adding to that with your paycheck over and above the mountaineers for you to live on to start to save up for the down payment that's gonna put you on a path toward being able to reach through all the baby steps and beginning your everyday millionaire journey i'm telling you right now k. j. that's the process and tell you what i'm gonna do i'm gonna send you the book look everyday millionaires because i have no doubt amando get your information i'm going to send it to you i have no doubt that you guys are on this journey because your income is going to continue to increase face you keep lifestyle in check stay focus my friend you will get they're very proud of you fantastic calls thus far you know what tom it is let's see here i'm going to put on my coaching hat it's now time for panicked or pumped the this is where i put my hat the whistle on i coach you right where you are see you might be out there phelan panicked about a situation you don't know where to turn well guess what we're here for you or you might be pumped and you want to celebrate you try to high five somebody and nobody there will guess what we're here for you so we're going to talk to you and i'm going to coach you right where you are based on on your situation so i got a panicked email in from ryan ryan says hi chris i'm panicked and i feel like i'm far behind i'm thirty years sold in a not sure if i'll have enough or retirement or will i have to play catch up later down the line i have ten thousand in my work sponsored 401K they're air matching six percent of my sixty k. salary my only debt consists of my home i owe one hundred thousand and my student loans which are o twelve thousand my 401K balanced date would have been thirty thousand more than what i currently have but i had to cash out an old 401K ooh to take care if some expenses am i on the right track to becoming a millionaire or having enough for retirement i wanna do some travel and just live a comfortable life off while ryan here's the thing my friend i have no doubt that your mindset and you knowing your numbers you have a clear vision of what it is you want to accomplish -ccomplish now we can all glance back and look at some things we wish we could redo cashing out a 401K no-no okay that's not something we want to do so you look at that your knowledge it i've been there i've done it and i wish i could undo it but it is what it is but now what you do as you move forward you've got your income urine saving now you told me you're investing seven percent first and foremost won't you to pause the contribution to four one k. c. when your gazelle intense you wanna throw every dime toward the debt so you've got a student loan debt of twelve thousand every dime needs to go toward that student loan debt let's get that attacked then i want you to build up a fully funded emergency fund of three to six months of expenses and then i want you to start investigating percents so you've got some of the ingredients male will we're going to do he was put it inside of a winning recipe and start to do it the way you need to do it so that's the deal pause the 401K now some of you out there are twitching and you're like hogan just set stop investing i did not i said pause because when you're gazelle intense i want every dime and dollar going toward the debt once i get that done i un on paused the investing and i moved through you see we can't be consistent and we can't make progress trying to do nine things that's why we have to pick and we do one thing thing at a time and we stay very focused right that's the process and so ryan thank you for reaching out don't be panicked i want you to get more focused you know what it is you're trying to accomplish why you said you wanna do some travel and live a comfortable life i want you to do this start to jot down some of the places you wanna travel to where do you wanna go aw i want you to list the top five to ten areas you'd love to visit and i want you to get some pictures of those up put him up in your closet put them up around on your mirror in your bathroom i want should ac- those places because why with the high definition dream i want you to see yourself there now you're asking you have enough get over and do the q. and if you're brand new that's the retire inspired quotient go to my website chris hogan three sixty dot com r. i q. is a free tool there that you plug in a few data points and he gives you the information i see no more saving blind for things where we don't know what are we doing why does it matter wanted to dig into the RN it will help you to see things much more clearly ryan ryan again thank you my friend for reaching out all right i've got a pumped email and from robert and kelly they say hey their coach we are pumped it's been a year of financial milestones and we want to celebrate this year my husband and i were thirty years old celebrated our five year wedding anniversary we've you've been walking through the baby steps together from day one marriage paying off student loans and car debt while cash flowing graduate school where currently on baby steps four through six and we've hit some milestones this year and a really excited to see progress were halfway through paying off our mortgage we just bought a new you're used car with cash for the first time they say quarter millionaires right around our anniversary we sat down for a budget meeting and realize that net worth at just hit two hundred fifty thousand we've named ourselves quarter millionaires they say hope you approve thanks for your encouragement your book everyday millionaires and thanks especially lead to all of your listeners that shares stories and keep us inspired that gets me excited robin kelly i want you to know something i love the fact that you guys are teamed up and you're very clear on what it is you're trying to reach i also liked the fact that you guys are in tune you know your numbers and you're chasing down progress to thirty years young and to be paid off debt and being focused and halfway through paying off your home listen to me you've established some habits that are going to make you everyday millionaires so yes i don't think there's anything wrong with celebrating your quarter millionaire status right now i know you're gonna stay on this journey and also appreciate you acknowledging urging the other VIP's that shared stories in the questions you see that's the thing that gets me most excited because we're in this thing together and when people talk about their questions or talk about the things that they're curious about we all get a chance to learn we all get a chance to get more focus than we ever have before and start to make changes you see i firmly believe we can do anything we set our mind to we just need to make some decisions so if you're out there and you're feeling panicked or you feel in pumped i want you to reach out and let me know see we're in this together we're going to talk about it and so yes you got something on your brain that you're stressed out about let's talk here's what you do simply email me he had asked chris hogan three sixty dot com in the subject line put panicked or put pumped either way share what's on your mind we may actually share yours actual panter senator pumped on the air but you've got a great opportunity to help others to encourage them so we can all run toward the finish line together because that's the name of the game all right love those love panicked or pumps one of my favorite segments and i know you all eleven it as well so keep the emails common do me a favor let's load up in box i like to see amanda whether hair on fire because you all are send an end stuff whether it's articles you want me to rant on right or panicked pump just fill up the inbox right send into whole bunch i wanna overwhelm i wanna shut down the server with people that are writing into share things i feel her looking at me right now i'm not making contact 'cause i'm scared all right listen to me VIP's the clock is ticking christmas is almost here and if you're looking for gifts for family or friends that guess what i got you covered everyday millionaires and retire inspired inspired are still on sale for ten dollars each ten dollars people to get these gifts in time for christmas be short order by december eighteenth though here with that okay you gotta worry about december eighteenth to make sure that shows up on time with these books you can give people the actual gift of hope you got a great opportunity i wrote these books because i care about people chasing down their dreams and i want people living there high definition dreams that means i want people to see it clearly and be focus casse so again i'm excited to make available to you for just ten dollars inspire your friends and family to take control of their money like never before and let's kick off this new year the right way way let's take control and be in control throughout the whole year so to check out these books and other deals go to chris hogan three sixty dot com again that's chrishogan oaken three six zero dot com you can also oh there's a quick little website you can do you can go to chris hogan three sixty dot com slash door and that'll get you right right there to the store where you can order things and they'll show up in plenty of time i promise you okay i gotta get back to the phone let's see here i got to one on the phone in little rock how are you focused and not finished how are you so i like it my friend i like where you are what's on your mind today buddy so i had a question for you we listened to to the podcasts quite often and i had not heard this question on that i wanted to bring to you my wife is a teacher she's an educator in higher ed and i in my profession i travel quite a bit and we are not necessarily in one location meaning she's that she has we moved a couple of times and she has retirement in multiple states systems so we have three or four days where she has you know three years here six years there i here's here and so we're not getting the benefit of staying in one state accumulating the twenty twenty five years and then moving into you know where she gets the the retirement benefit from finishing out in one state right so i was wondering how do we handle those all triple states and multiple retirement plans okay gotcha gotcha and they just put up i remember meeting you just put your picture up those that are watching on youtube yeah i don't you you made me look small to on your i'm a stool next time but here's the thing is is she into four zero three rebate or is she and the pension system so in the state we're in now here in arkansas they have boats so there's a pension base retirement plan and and they also have a supplemental three beat so jay has both i and this state okay gotcha and where you all are now are you going to be moving around some more four or do you think arkansas the home probably going to be moving again well no that's just i mean that's part of life and that's something you can do here's the thing if it's a four zero three three b you have the opportunity you can roll it over into an IRA just like you could four one k. if it's the pension it's going to be a little bit different just because the locked in and that's their his the reality just because it's there doesn't mean that you don't have access to it you're still getting the statement so you just wanna make sure that you're updating your address address and those statements are coming to you so you can make sure you're seeing it and keep it up to date what i would do is this i would gather up those statements from the three or three states you all have been in yeah let's get sit down with the smartvestor pro these are people that david i recommend all around the country you can find them by going to chris hogan three sixty dot com click on the dream team button in putting your zip code and you can locate one even in little rock arkansas grab those statements go sit down and you can look at it here's my thing i like that advice for a couple of reasons number one it helps you to understand determine do i have a four zero three b or is it a pension if it's a full three b they can walk you through the rollover process very easily again i'm saying saint rollover not cash out always like to clarify that rolling over means i'm just moving from afford three be into an IRA i'm not accessing the money so i'm not causing any taxes or anything at at all the other side is they can look at how it's invested and you can start to make sure that even though it's multiple accounts in different states we can get this money working in unison meaning meaning we all make sure we're investing at the right way based on you all's goals but that's what i would do a smartvestor we'll be able to guide you in that and to help you guys make sure you've got clarity even even as you move forward so VIP's if you're out there and you've started a four one k. and you've left the job when i want you to do is to talk to a smartvestor pro about rolling that over see atypically when you roll it over into an IRA you've got more options in which to invest then you probably had in your 401K to begin with and if you're like me when you first started out you didn't didn't have guidance on what to invest and so you just kind of hodgepodge pick some stuff or you went and talked to somebody that probably know what they were doing and they pick some stuff and it's just been sitting so again if you've got an old four one k. sitting there talk to a smartvestor pro about rolling that thing over it'll help you get all the money in alignment to make sure you're chasing down your goals all right i need to hear from you if you've got a question i want you to call me and leave me a voicemail tell me the question that's on your mind the number to call is eight four four two eight three nine three three again that's eight four four two eight three nine three eight three or if you prefer you can send me an email asked chris hogan three sixty dot com is the email address just power are off your question put it in there again it's a matter of helping everybody start to understand more of what's going on all right so i'm going to get to the phone lines i've got dallas how or you i'm gonna tastic appreciate it no not a problem how can i help you today face creek question i am in the middle of baby step number two i'm almost done i'm transitioning almost two baby step number thirty and i was curious if i should have opened a flexible spending account for next year you're not gonna throw down my debt reduction by just a little bit and give me less money to save for my emergency sean but i do have a surgery that's scheduled breath okay so i opened the essay for an equal amount of the out of pocket expenses okay all right so what you were doing dallas is trying to plan ahead for or the surgery right okay and so in looking at that and again this is a medical thing so you know a flexible spending accounts you know can make sense just like with an HSA let's say you're preparing for this do you have good insurance as well i do often for in my case of PPO over the HSA okay ah just because the out of pocket total was significantly less okay and i get the same health benefits okay all right good now let's pause on this second baby step step number two you said you're still on there how much do you have left about three thousand out of corny eight thousand total okay three thousand left so you've paid off twenty five thousand thousand that's great that is awesome what did you pay off credit cards yes and that was kurds and then happened at a car accident so i had to get a new car and so you got three thousand left what is that three thousand john so there is twelve hundred on uh article the other eighteen is on credit cards okay very good so you're about to vic all of this out of your life dallas what is your household income this year is going to be seventy thousand okay and when you open up looking at the flexible spending account how much are you thinking of contributing that to get prepared for the surgery eighteen thousand dollars yeah i i don't see a problem with that i think as you walk in that through we've paid off twenty five thousand dollars in debt already there's no doubt out in my mind be praying for you as you go through the surgery you get out of that and you common you're gonna attack the rest of this debt keep moving forward my friend i like your mindset you've made sacrifices to be able to get to this point it's not an accident that you pay off twenty five thousand dollars in debt you vic credit cards and car loans i like it now what you do is you stay focused right you don't wanna let your guard down because when you do that then mouse can creep up and then it just frustrates you and nobody wants to be set back right everybody wants to go forward so we have to keep our game face on and understand what it is we're chason and what it is we're doing okay now listen to me i have been talking about this group for for a long time now and so if you're new and i know we've got people that are coming in that are listening to the show this is not stumbled upon you found you or friends have been telling people and people were coming in i wanna tell you about an amazing group my everyday millionaire facebook group this group is absolutely amazing they are encouraging each other it is growing growing by leaps and bounds it's almost one hundred thousand plus in there now i want to encourage you life is not meant to be done alone we need to be a part of a community being connected where we can talk about things and encourage and cheer people on so what i wanna do is tell you this is how you join the group you need to join it out care for eighteen eighteen eighty we've got a spot in there for you i'd love to have you here's how you do it go to facebook dot com slash chris hogan three sixty again facebook dot com slash chris soak in three sixty and then you click on the group's section there and once you do that then you can join the everyday millionaire facebook group but i want to give this group a shout out because there on fire they're just they're encouraging each other so i like to take a question from the group to let them know i'm listening to you i'm plugged in i get in there and i stir things up every every once in a while but here's the facebook group questioned from susan susan ass is it smart to borrow against your four one k. to pay off debt okay let me read one more time elite spot on the back of my head here here we go susan says is it smart to borrow from against your 401K to pay off debt susan i want you look at me there's you watch it on youtube channel getting close come in here all right listen no no no no do not touch your 401K do not pull money out of there to attack debt no you know why you you stop a beautiful thing from happening it's called compound interest tinguely every time i say that why because compound interest make money grow we don't wanna stop money from growing rolling right we want to let it sit there the money in your 401K and four three be susan that money is there to eventually fund your dreams have you thought about that see right now l. your check comes from your employer but once you get into retirement your paycheck is going to come from the 401K or for three so we need that that boy humming and growing thing and left alone but what i do want you to do to attack that is to get serious tightened down your budget we talk about every dollar it's the best budgeting tool on the planet get thatt's so you can start to get in control of your money so you can tell it where to go instead of wondering where it went and ben i want you to get intense i want you to shut down the budget sometimes got money flow oh went out and shut down unnecessary spending from the budget i mean take on an extra job i'd rather use sacrifice and attack that you've got the right spirit of warning to attack debt but let's not steal from your future to clean up your now what i would rather you do is to get very focused and very intentional bringing some extra money throw it toward the debt and you'll give yourself a raise he's because when you get out of debt susan you give yourself a raise you have more of your money that you can hold onto and you can start to do things for yourself as well as your family well listen i want to thank all the callers for calling in thank you so much for calling in to share the questions that are on your mind for the people that share it in penticton pump thank you again thank you the all the listeners i want to thank the entire chris hogan show production team they make things possible so until next time don't make excuses make progress us coming up in our next episode this wednesday i'm gonna talk to jill they got student loan debt and credit card debt and she's ready to make one of the ultimate sacrifices she's ready to sell the house so i'm going to unpack this situation walk through it with her and i'm going to share with you one of the top new year's resolutions solutions so you can make this year your best financial year ever you don't wanna miss ella everyone if you enjoyed this podcast we have more from the ramsey network like the rachel cruze show hey guys it's rachel cruze and i'm so excited to tell you about my podcast a lot of people are living paycheck check to paycheck their end debt they don't even know where to begin but they have this need this want to get in control of their money and if that's you you have come to the right spot so each episode besides your and get a ton of inspiration and practical advice if not subscribe to the rachel cruze show podcast make sure you do it today if you'd like to hear full episodes is just search rachel cruz wherever you listen to podcasts or go to rachel cruze dot com

iowa angie k. j. chris hogan 401K four one k thirty years ten dollars three years twenty five thousand dollars six months eighteen thousand dollars twenty twenty three years twenty twenty five years twenty three months twenty three years thousand dollars seven percent three months
A Budget Is Not a Straitjacket - It's a Guard Rail (Hour 1)

The Dave Ramsey Show

41:40 min | 1 year ago

A Budget Is Not a Straitjacket - It's a Guard Rail (Hour 1)

"Hey guys this is chris hogan i'm preempting dates podcast for a special announcement so listen up for the first time ever we're bringing our new event financial peace live to the DC area maria on february eleventh at this evening event at the o'neill and i will teach you the plan that has helped nearly six million people get out of debt safe and to build wealth we will guide you through night full of inspiration motivation and life change plus exclusive for days podcast listeners you can get ten percent off your seats at daveramsey dot com the promo code podcast ten at checkout that's daveramsey dot com promo code podcast tin live from the headquarters of ramsey solutions broadcasting from a dollar car rental studios that's the dave dave ramsey show where dad is dumb cash is king and the paid off home mortgage has taken the place of the w as the status symbol all of choice i'm dave ramsey your host you jump in we'll talk about your life your money it's a recall at triple eight eight two five five two two five that's triple lake eight to five five to five you guys jump in and we'll talk about your life and your money sam starts off this hour in indiana hi sam tom how are you better than i deserve what's up so my wife and i we just had a baby here a few months ago our the first one and after sitting down and looking at on money and not your show some i've gotten fairly nervous about you know where my financial mansell standing is and i guess my question is how do i make a budget and then be able to make myself and my wife you know make ourselves stick to it okay it's a good question the great news about having a baby and congratulations it makes you get serious about stuff like that and i'm starting to get your get your act together on some things that's very cool i'm glad i'm glad you're doing that okay so number one when you do a budget it is it is not a straight jacket it is you telling you what to do okay guy show it's guardrail it's don't run off the road and so you you the two of you sit down and say for groceries this month we want to spend x by the way side note whatever you think you're spending on groceries or spending more so the first month go ahead and beef that one up okay but okay okay we're gonna spend and ex on entertainment okay i'll just make up an fifty bucks okay we're just gonna put fifty dollars in the entertainment category and then what you do you know the two of you are in agreement that the reason were limiting our entertainment spending to fifty dollars is so that and the so that's a big deal we can get control of our money get out of debt create a great life for the new baby and so the for the new baby is and change your family tree is the goal not punishment for entertainment sure who are saying and so it makes it real easy it's like when you look at it and you you're forty dollars and to go this movie costs another thirty dollars and we don't have that we got ten dollars left in the budget we can't go the movie because we decided that it was more important to straighten our family out for the good of our child than it is for us to entertain our butts what's off and so you are limiting you and then so you and then of course you ride it out and you keep up with it and you track it throughout the month and ever the everydollar budget will do that for you guys get that everydollar app it's free and you can build in about ten minutes solid takes over and you'll be able to you know that both of you have it on your phone and you can look at it and keep up with it and you know go we don't have that so the answers you know you have to everyone has a limit on everything a budget is just admitting it because no one has infinite money right and so you know you just say okay at this point we're not gonna spend anymore because we believe in a bigger goal a more noble goal than simply buying more crap at the grocery store or or i need a shirt that's on sale or whatever it is right and so right but then the interesting thing is the things you do spend on you've given yourself south permission to do that so you don't feel weird or guilty about it right so like my daughter rachel cruze who teaches ramsey personality teaches on budgeting all the tom says a budget is permission to spend okay because you said we're gonna spend this much on clothes and so as long as you don't go over that adam mount then you know you feel like you're a hero and you bought clothes instead of like okay what did you spend storm in you know it's like an but we're on the same page we're working together so you need a good why you got a good why it was born the other day you have a wonderful why right and you need to be on the same page with your spouse house and a game plan and then have your have your guardrails laid out and then stick to them so very good start very good start hundred in our audience tyler is with this in alabama hi tyler how are you i'm good dave how are you better than i deserve what's up okay so i just got a quick question about well when you say take twenty five percent of your mortgage are you talking about your net income or utah income after your 401K or insurance of just really cute and thome pay not counting for a one k. or insurance but just after taxes okay and then also my wife and i agree that children within the next two or three years and was curious that if it would be smart you take a thirty year if she spent if she's expecting take a year off during that tom the baby and so it kind of gives us a little bit of leeway in case you know i would not buy a house on a thirty thirty year mortgage okay yeah i've heard you talk about that and i just wanted to make sure that you know either way just stick with the fifteen yeah and here's the thing if you're worried about that just by less us house rod you can create a smaller payment by buying south yes so if you're if you're that worried about that and of course the other thing is you build up your up your emergency fund a little bit healthier may be beyond the normal three to six months because we've got some time that she's going to be off on FM l. a. when when we do start our family and we don't wanna get in a pinch and so especially like when the baby's actually on the way and it's no longer theory then at that that point you really could just say we're going to be this emergency funding get ready for that because we have this fifteen year mortgage instead of all let's take out thirty ian promising will pay a like a fifteen and then we forget to ever do that which is what people do i man thanks for the call so why is it so hard guideline here's the numbers the federal trade commission i'm sorry federal reserve did a study on installment loans including mortgages and ninety seven point five percent of them are not systematically prepaid aide so if you take out a thirty year mortgage promising and to pay like a fifteen year two and a half percent chance of that happening on average in other words you're simply not going to do it that's just BS your BSN yourself so don't do that don't kid yourself and make yourself believe you're going to do that now do debts get prepaid i said systematically prepaid which would mean you every month paid a fifteen year your payment on a thirty year mortgage that is systematically no one does it two and a half percent of the loans fall in that category category ninety seven and a half percent do not so don't set yourself up to where you have to be in the top two and a half percent to succeed that's crazy set yourself up to where when you do what you said you're gonna do you win and and it's a whole different thing don't don't try to swim upstream to that degree you'll lose i'll lose i teach us for a living set myself up or have to do that this is the dave ramsey show christians have an affordable incredible way to meet their overwhelming healthcare costs it's christian healthcare ministries stories the original health cost sharing ministry a better business bureau accredited organization chr members share to pay each other's medical bills it's not insurance it's christians chins financially and spiritually supporting each other it's what c. h. m. has done for over thirty five years learn more at c. h. ministries dot org that's c. h. ministries dot org org christian healthcare ministries is a proud sponsor of dave ramsey live events trauma might you listen to the show so much to answer the question where i do some of you are really developing this idea that you'd love to be able to help your friends your neighbors your family with the same stuff if that's that's you you need to check out being a financial peace university coordinator it's a great way to change everything everything okay millions of americans have decided that twenty twenty year they're gonna take control and you don't have to do it alone you can be gazelle intense you can join financial peace university coordinator and you can even coordinate a class in your area you can join a class get a financial peace university membership for ninety ninety nine dollars that's thirty dollars off the proven plan to find a class near you text join to thirty three seven eight nine you can also click leader at thirty three seven eight nine for an FPU coordinator and you can join and and you know go through the class yourself and lead it at the same time you do not you do not have to have been through it to lead it that's the thing so good stuff all right mike mike is with us mike is in new jersey hey mike how are you dave thanks for taking my call how are you better than i deserve what's up hey dave so my wife and i are thirty years old we just cleared all our debt this past year about thirty six thousand dollars and miscellaneous credit cards and cars and we have our forefathers did emergency fund of three to six months and now i'm realizing thing not even after doing our fifteen percent of my wife and i for four one ks we still have roughly two thousand six hundred five hundred extra a month which which is a blessing you own a house so yes we do sir okay then that would go towards baby steps five six yes and where are are you in kind of hung up is i done the math and i can kind of throw everything extra to the house and have a kind of paid off between six to eight years i do i split between maxing out the IRA's and putting you know let's say a thousand dollars extra to the mortgage the data that we have from doing the largest study on millionaires overdone says that the typical millionaire one of the key elements to them reaching that level of wealth is getting paid off home and it's always been our baby step seven for thirty years that we've been teaching it to get career step six pay off the house early seven is your debt free and you max everything out and and it's always worked to have people putting fifteen percent of their income come into retirement and everything else towards the house and as soon as the house has gone all you've got left to do then invest be outrageously generous and have a blast yeah that's the route you need to go and just lets it sounds like you've got a couple of grand a month to throw your baby step six right now and that's exactly what i would be doing amen thank you all right sherman is with us in new york i sherman how are you great dave how're you doing better than i deserve what's up i just had a question about my paint whether or not i should pay off my student loan early with the extra cash that i have i wouldn't put it towards well it's got a low percent it's three percent when you might get on your savings one percent yeah one that's true you kind of answered your own question i guess so so i also then use my i had like ninety thousand in cash savings wow wait i go where did you get that in savings save it to him how old are you i'm forty three okay and how much is your student loan debt it's nine thousand is what's left oh okay so you got you still got eighty one thousand bucks left that's true i just like i see the numbers grow in that although although grow faster now that you don't have a student loan bag bogging down that's true well with that your most powerful wealth-building tool is is your income you have proven that because even though you suck as an investor and put the money at one percent you still have accumulated almost one hundred hundred grand well done so you've proven that your income is your wealth building too so let's get that much more of your income back by getting rid of the student loans staying staying completely debt free getting for staying debt free and then you you need to allocate a portion of this over an emergency fund and the rest of it you need to start investing investing do you own a home i do i have a i own a home i have two two ten left on the mortgage okay what are you waiting for to i make one forty five man you're doing great you're doing great so probably heard me talk to you probably heard me talk through these baby steps right yeah yeah so that's exactly clue what i would do is just apply that to your situation and so that that would be debt free today how much of the ninety is your emergency fund set that aside atta crummy right of return and the rest of it i'm going to start moving that money let's say we put i don't know we put eighty one thousand left after the student loan and we put thirty thousand thirty one that leaves us fifty k. to to do something else with your emergency fund may be i'm just making this up and so you what are you gonna do with the fifty k. while we're gonna walk through baby steps four or five six you have kids it down in single guy okay cool and so you're you're going straight to baby step six start paying off his house early and so what i want you to do if i were in your shoes because paid off houses one of the keys he's to becoming a millionaire so what i want you to start getting as big a high out of watching that mortgage drop as you did this savings things account increase okay because it's more conducive to you becoming wealthy then putting money in the savings account at one percent understand understand got it yeah yeah because think about it if you make one hundred and forty grand you're single guy who's very disciplined what you are you have done a great job okay game because you don't have to talk anybody into this but you and you're good at talking you into it you don't have to drag some you don't have to drag a spouse along right okay so you make one hundred forty five thousand dollars and let's visit you four years from today and you don't even have a mortgage yeah that'd be great you know how much you could save then dan yeah lord it's gonna be seventeen thousand dollars a month yeah it's very true and you know oh how quick that turns into several million dollars really quick really quick so let let's walk these baby steps out there for a reason they're not that they are easy zeno understand but the implications of them are profound so just because they're easy to grasp doesn't mean they're not sophisticated so let's let's walk them out don't man 'cause you're gonna pan you aren't doing so good and you've got all the ingredients for a guy to just go into a rocket ship as far as wealth-building goes without having to do some high risk get rich quick crap crap okay so you really have done great good job good job good job open phones at triple eight eight two five five two two five have you jump in we'll talk about your life and your money k. is in california aka how are you hi great so glad to talk talk to you you too my husband yeah thanks we are in babysit seven good and i think i just turned fifty at the end of twenty nine thousand nine and i'm wondering if i should invest more than fifteen percent aren't to take advantage of the catch up contributions yes okay all you're doing is investing in anytime we load load a 401K or a roth IRA or anything ordinance keeping the government's hands off of money i've been baby step seven for years i'm max out everything i can max out in retirement plans it's my 401K's max my roth IRA zor our back door roths and i do those and anything i can do to keep the stinking government's hands off my money okay yeah definitely do that figure it out like maybe maybe a seventeen or twenty percent the percentage doesn't matter in your own baby step seven want fifteen percents only applies to baby steps four through six baby step seven is become very wealthy by maxing out everything and be outrageously it just really generous which is more fun than piling up savings by the white but you ought to do both this is the dave ramsey show business business leaders i'm not gonna lie finding the right people to make an impact at your company for years to come is hard work but i can tell you from personal experience you can can find them when you use linked in jobs linked in jobs finds the right people for the right jobs it's no wonder a higher is made every eight seconds it's only linked in get started today with linked in jobs and get fifty dollars off your first job post visit lincoln dot com slash ramsey that's linked in dot com slash ramsey terms and conditions apply in the lobby of ramsey solutions on the debt free stage asia is with us hij- our you heidi welcome welcome where do you live i live in los angeles but i'm originally from hawaii all the way to nashville to do a debt free scream important but we're honored to have you how much of you paid it off i paid off two hundred thousand dollars in twenty three months radical i'm tired of an income i started off awsat about seventy thousand and finished off at two fifty a little raise what do you do for a living i'm a content creator so i have a youtube channel that's lifestyle based been heavily involved into my debt free journey for the past two years okay so you're you're pulling that off a youtube you got some serious stuff going on youtube event instagram yes well done so well done influence her obviously wow excellent numbers i'm proud of you and so you jacked all of that up during this twenty four four months while you were getting after twenty three months while you're getting after two hundred thousand dollars in debt so what kind of debt was this would you do i went to school will and went went to school he went to it was a small credit card small car loan than the rest was undergrad and grad school so i entered an eighty thousand dollars of that with school so what's your grad in i have my undergrad in marketing and my master's in broadcast journalism and you're using your degree good for you and making bank with it yeah well done very well done so what happened twenty three months ago what was the milestone was the wakeup call well dave we have two dogs and one of my dogs had to go into emergency surgery and i couldn't couldn't afford it and while i was in the emergency room i was watching have watching people having to put down their pets or gets take out credit card dat to save the lives of their family members fortunately my boyfriend was able to afford the surgery and everything was fine but after that i just i couldn't sacrifice my family like that again so told my girlfriend jan and she was like you know what you need to download total money makeover and i went to do that and i had already downloaded it already read it already highlighted it and dow was probably once i graduated grad school i didn't apply at all so so once i realized that draw shooting yeah when you didn't even you don't even retain that you got your data in one year out the other by that was the last time ah after i read the book a second time i paid off my credit card debt immediately okay that started the journey so a youtuber did you plug into our youtube stuff too yeah yeah i mean every everything long drives was the podcast reread the book told the debt-free screams was definitely something that pushed me a lot because because i was very close to giving up a couple of times 'cause just doing it having that amount of data and pushing that hard is really frustrating at at times but i had originally given myself five years to do it then that got cut down to two so well pitcher income shot way up enough it wasn't really that you just necessary i mean you were diligent but it wasn't like you worked that much harder your stuff just caught fire are are you on social media right now i mean you know i absolutely you're working i mean i think what happened was when i started talking about my debt free journey and how much student loan i had the very first video i did i just happened i've logged it and people resonated resonated with it and after i started reading the comments sections about you're the only person in my life that has that talks about this or has the same amount of data you know all that stuff i thought it was very important for me to continue on that so since then for the past two years every month i've posted my monthly budget videos and i share my income i share my expenses says i share you know how much i paid off every year for the past two years so there's a lot of people who have been very dedicated and watching me get to this point l. and their own little reality show there there's a lot of tears but yeah we we did it together definitely but there's something freeing about being that open about just putting yourself out there one hundred percent hold you accountable because you know you gotta do disappoint everyone okay you can't drop the ball but it's also freeing because there's so much shame and condemnation around having screwed up with money we ever tennessee to hide don't we one hundred percent i mean i tell i say this all the time the moment i owned up to it and share it it i felt a weight lift off of me like it was it was immediate and just also the process of paying off debt i've always considered myself to be a fairly confident person but once i got like a handle it's all on my finances it's like nothing can compare to the confidence she got when she get your finances in order yeah people the key is i mean budgeting interesting i've never touched a veg before my life and just holding yourself accountable and knowing where your money is going i mean you don't realize how quickly a couple lunches out our dinners out can add up really screw up your budget but for me i mean obviously i had to increase my income and i did it in a way that it since i was very open there's a lot of people who wanted to help me and be a part of my journey that helps me increase my income is also the word for you yeah absolutely your channel over over so very grateful for that chaumet subscribers on on youtube think about i have about four hundred thirty thousand from an instagram instagram instagram i think almost seventy good for you well don solid platform yeah hopefully just continues to grow you've done a great job with it and it takes each work to do all that it's not just a it's not an accident to get to that size and make this kind of income off of it very well done proud of you thank you dave very proud of you who are your biggest cheerleaders i mean just honestly the community i was a part of the people who tune into my channel just like like i said i i couldn't disappoint them and a lot of us were going through the same sayings and just being able to go through the comments section and people had advice to me people had suggestions and just the stories they told i that was definitely the biggest push because you know social media can be a very scary place then i think called trolls out there yeah it's very hurtful and the ones that have really hurt the most saying that my accomplishment is meaningless because of what i do for we're living or how much income i have and those are the things that hurt me the most but yeah i mean just everyone since i've been so open about it everyone knows everyone uh-huh has been everyone has been very supportive yeah very good very cool good for you we've got a copy of chris hogan's book for you everyday millionaires that's that's the next chapter in your story you're going to be a millionaire so cool thank you thank you so go how old are you i just turned thirty three today oh happy birthday thank you very good well your accomplishment is not meaningless lots of people make more money and are dumb and do a horrible job with of it and so you have you started from seventy and scratched and clawed and hustled and grind your way up and you're making good money but you've done a really really good application with the money you've done smart stuff with it not everybody does that lots of people get money and goof up with it and you've you've been very diligent very responsible responsible i'm proud of you great job all right it's asia in los and from los angeles two hundred thousand dollars paid off in twenty three months making the seventy two to fifty countdown let's hear a debt free scream three two one apollo well done exactly how it works right they're very very well done man that's fabulous good for her i'll tell you what you can do anything if you set your mind to it and it's amazing amazing to me the number of times the people's careers blossom about the time they decide to get smart with money aboul says is when you're faithful with the little things then the keyword there then you will be given more manage totta i present a case study in the last few minutes when you're faithful with the little things then then it gives them more to manage this is the dave ramsey show the so grown and incredible youtube following their with four hundred seventy thousand subscribers on her site that's pretty neat and one hundred seventy thousand that she said on on instagram and you know we cheat i've got this huge platform to launch this from from where you know our youtube channels in the top one percent of all youtube and so there's you know for instance our channel is there is about one and a half million roughly and our instagram about two million but the she has done a great job growing that that's very very well done so we'll promote her hair she didn't and and and tractor story all the way through this didn't meet her until today that's very neat very neat her last name is d. a. n. g. if you wanna look her up is that okay just give your they were a little promotion because you'll enjoy that i'm sure i haven't seen it yet but i'll go look at it too when i get a minute so good stuff all right fun fun fun fun fun obvious with us obvious in new jersey z. a. avi how are you better than i deserve thank you so much for taking my call my pleasure sir how can i help so this is my first time watching your show live i was recommended a couple of videos of you in my feed and after watching your channel i personally totally disagree with you everything credit card related i'm personally eighteen years old full-time student college i've managed to mass net worth of about twenty five thousand dollars excluding birthday okay money money my parents have saved me just working best thing and using credit cards responsibly i personally do credit cards as a great pool that if used responsibly probably save you money because when you pay with cash i was watching some rain garden mischievous second okay i'm supposed to care what do you what do you mean you're eighteen years old you have twenty five thousand dollars what do i care what you think about money because i'm going to be the next generation well then you're over here you're gonna be telling people that you're going to be broke be broke issue or am i gonna be broke because you're violating basic you're violating the law of gravity vity when it comes to money and you're gonna have trouble now i'm not when you listen to you gotta do what you wanna do what you wanna do when you go be somebody then we'll argue about it right now you're an eighteen year old kid i'm not gonna argue with you thanks for the call open phones at triple eight eight two five five two two five lori is is with us in georgia hi laurie how are you hi mr ramsey okay i'm fifty nine years old a two years ago was divorced after thirty five year marriage award thank you yes it was not by my choice voice would get pension was split that we had two hundred forty six thousand thousand the facts the part i was given at the same the same month of the divorce i suffered a stroke so i'm on disability right now my total income from alimony disability is eleven hundred and seventy five a month my hundred dollars a month yes hundred and fifty thousand out of the pension okay i'm living with my parents right now due to the medical stuff but i need a i want to proceed with a place to live you've my question and i do not have any debt my question is would you recommend my age going ahead and buying a small house maybe ninety two hundred thousand apartment apartment or coming up on house dondo wrestling putting the rest in a account i mean i know in four years the alimony is it gonna stop so you know is that yes why yes i would pay cash for a conservative is very wise uh-huh pay cash for a conservative place because that's stabilisers your life housing is your largest expense and having that as an unknown variable variable is scariest crud and mathematically unwise so you are very wise to gravitate that way very smart on your part i completely inquiry with you and the from there you know what i would do is like you said started investing the rest of it how did you say the oregon fifty nine fifty nine this year what is the the stroke leave you incapacitated it affected the part of my brain that is executive functioning so i have some short term memory loss you know had to write down everything i'm saying to you because i knew i might blank out jonestown i that's the problem but i'm working on is is is it permanent or is it healing they say it's permanent but you know some of them don't know our god for sure so i guess what i'm trying brian what i'm driving towards is what is the propensity or probability that at some point you create income or are you going to be on social security disability and alimony alimony stops in years so the i'm trying to build some selling been a a sewing business i'm good at that so that's my future i know it's gonna take a while but that's what i'm hoping to do i feel like that's something i can do well especially if you can control the timeframe during that you don't have to engage someone over a long time time frame like you can get away with this conversation with me on a short term because it's short term but if this went on for thirty minutes starts to strain the the the the processes that you're using so i i think you're very wise and i think you're very brave i i would do exactly what you're talking about i would invest that had about one hundred of it in a house and leaves you about one hundred fifty to invest in that'll create you some income you'll have social security disability when alimony runs out in addition listen to that and then hopefully you can continue to come up with some some kind of even if it's small side career thing and do some shelling pulling like you're talking about and and create some extra income to go with this a really good question and i'm sorry you're facing this man you've had a bad decade here wow ouch at hurt open phones at triple eight eight two five five two two five you can jump in we'll talk about your life and your money cardis is on instagram dave i've got three credit cards with crazy high interest cannot transfer all three of these two zero card sure freaking out over the interest how long it'll take to pay them good glad you're freaking out but here's the thing the interest rate is not your problem zero interest does not make the debt go away what makes it go away is you cutting your budget down to nothing an increasing your income and throwing the difference the debt the interest rate is really not your problem problem as much as it is getting on a really really tight budget getting your income and your expenses down throwing the difference at your debt list your debts all of them not counting your home smallest to largest pay minimum payments on everything but the little one and attack the little one with a vengeance and that'll change everything for that'll get you moving but yeah it's it's good to be aware if you're in the middle of something stupid instead of actually defending stupidity which is ridiculous so you know if you're being stupid and you're not aware that that that'll get you okay but but if you're being stupid and you're aware then you can turn it around i've been stupid plenty of times in my life there's a lot of dumb things i have done and i was only able to turn around when i became aware so i don't want you to be stressed or freaked out or have high anxiety but i like that you're emotionally upset for your good because it's cleaning thing this mess up becomes a priority when you're emotionally upset so you've done a really you know it's a good thing you you you know you've had the wakeup call and you answered the call you're like i the only live like this anymore i'm going to clean this mess up i'm gonna change this and so that's exactly what i would do so i man thanks for following us on instagram curtis we appreciate lead it puts this hour that ramsey show in the books our thanks to james childs our producer kelly daniel our associate producer and phone screener i'm dave ramsey your host we'll be back back with you before you know hey it's blake thompson senior executive producer for the show listen or watch anywhere with the dave ramsey show apple on your smartphone catch the full show or watch the highlights and checkout dave's upcoming guests FBI store and download it today money isn't the only thing we talk about around hair get life-changing advice on your career from my good friend and career expert ken coleman all my ken coleman show according to a recent gallup poll nearly seventy percent of americans are disengaged at work if you dread going into work every monday morning and you're just just trying to make it to the weekend the ken coleman show is for you everyone has a sweet spot your sweet spot is at the intersection of your greatest talent in greatest passion we will help you discover what it is you were born to do and then we'll help you create a plan to make your dream job a reality you matter and you have of what it takes join the conversation on the ken coleman show hear more from the ramsey network including the ken coleman show wherever you listen to podcasts hey it's james producer of the dave ramsey show this episode is over but check the episode notes for links to products and services you've heard about during this episode thanks for listening

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The LP Perspective: Alex Bangash

Venture Stories

1:02:59 hr | 1 year ago

The LP Perspective: Alex Bangash

"Everybody torbert cofounder partner village global network driven venture firms and this is richard stories podcast covering topics related to tech business with world leading experts hey everybody welcome to another episode of ventura stories village global i'm here today with alex ben gash of trusted insight alex welcome to the podcast thank you for having me attic and we're here to continue are a series of lp's and how the business works out why do you give a introduction to trusted insight as well is your background and how you became to be an lp in the first place so let me give you my background a i'm an engineer by background spent ten years that labs india i'm good at ems department and then i embarked on a uptick networking company which happened to be at the wrong time in wrong place a and then a thought maybe gee it's probably better to build a portfolio and not their market risk but no mp you know we see all of my mom was hiding at that time a an so instead of jumping into the vc world i jumped into the snp was in kind of a hell of a mp's belair portfolios and then kind of i you know i guess wrong you know right time right place in got ridiculously lucky to you know to work at the very beginning what folks like in howie a in save when they when they found it founder spawned a super out a meat shove and he founded a crush on gosh when he saw founded xl india and a you know a so many many i climbed getty ten an accident wanian are struggle when they work at y c so you know literally at the founding of those funds and then also had you know a early investors in firstround in founders case baseline self and then later sastre yeah and now now soft and a few others so when you got in the business how have you seen the business of all since when you first got into says macro perspective opie world firm when you first started when you first early two thousand yeah yeah yeah so that's like you know i think two thousand feet so i just kind of telling you about my you know maybe a little about myself and how i look at it so i'm always in outside so i'm kind of like a d a b outside of insider and i always always 'em even now bet on the underdogs in against incumbent like i'm always fascinated by the disruptor right so i'm never rooting for 'em you know what they call a sustaining innovation i'm single who is gonna come in and disrupt the incumbent incumbents so you know right from the beginning you know some of the folks that i worked at work and in the very beginning they were disrupting the models that had been a dead in the past you know and they started by being founders and of course firstround decided by being very founder friendly you know in a common theme of all these bumps if you don't get it why see andriessen firstround that on on trip on your lead funds right so initially this this and i like to say say this is like you know in every other asset class his stuff a manager picks the security you basically are picking managers or based on their a security selection scale in venture inverted but it it's a it's a security that's electing the manager i entered extent the manager is us selected you know they can do this election so you can pick what's up what's up picks a quick to the exclusion of everybody else so that's you know so that's kind of you know what i saw initially but then they're being waves you know so it's funny i mean those those waves i think the biggest the biggest change which is actually thinking this it's kind of started at at the same time and i think they've been many fundamentally fundamental structural change but the single biggest biggest thing that has happened is the costa stock of a coming down right so all of a sudden a the first and second order effect of that is that venture now is become or entrepreneurship has me next accent is accessible to everybody end it's accessible globally and that's q given rise to a kimber an explosion and i'll startups like that just coming from a romania in spotify is coming from stockholm and even though you know i you and i are sitting here in san francisco and we could see this is the center of the universe but actually it isn't trade tedium wasn't invented hit an blockchain's wasn't it you know so in some of the coolest things are gonna be developed so so so i think that's what's the what's the underlying a change to and if if we had the compare with someone like michael chemists and donna who's you know focus is on you know microphones with very concentrated portfolios in different sectors i believe how would you compare contrast how you're if you differentiate from from that there other lp's would you say so so i really don't look at myself as an mp so i'm not gonna i first of all i don't know anything about his his his his of things so i would not be so i am looking would not for funds i'm looking for things that disrupt venture right so in some sense a you know perhaps this goes back to my training as a computer scientists you know my my first job was like how how do i you know kind of eliminate my sense whatever whatever a you know i i think the first job that i had on the manufacturing flawed my boss gave me this assignment and he said okay make this a it was a computer manufacturing line he said optimize this manufacturing languished spending two our spilling micro computer and by the time i finished with a lightning six months it was taking about eleven minutes to build the whole micro computer including the test and so the people come up to me and say what i you don't you know you are completely eliminating jobs so i think i look at it the same way i think we should eliminate the rolled off the vc souls things that i'm most interested for instance on platforms bombs a f b i based funds in actually studios so all in all three of those they're taking advantage of structural changes in venture capital so any you know a good point and i wouldn't one compare myself with any be you know mp or vc but i think most of industry is around centered around this myth that there are good pickers okay and that these good pickers on now a you know they they are in certain necklace sucks all that in certain oh they are a you know they had their apprentice by certain people and they become where they would pick ups and good example of that you know peter fenton is a great pick at all x y z is you know fair housing is a great pick and there was some some some of the past generations that was true it also has to do with the brand effect right so there was a you know a benchmark which the brandon graham off which the brandon and and through that ben hippo there were able to get the best of the best thing but today the structural advantage has all but disappeared you know any saw anachronistic it's like when somebody comes in in almost you know ten people a week which me they say addicks i want to build the next benchmark and you know you know i i almost cringe that's like saying addicks i want to build the next year or next jc penney right you wanna believe you should build the next amazon you should build the next i see a the next angel list so i think i think that this you are increasingly going to see there is no next david swinson the next david swinson is a new network but i the knicks peter fenton they just know peter fenton by see right there is no one everybody is replaceable in icy everybody's replaceable and entrepreneur first tried it is a it is a machine in an similarly you know so i believe in structural changes and i believe in in disruption so i think all of these people and you could name npr after the nps after n p m piece that access vc's said access i want to disrupt access i am saying i want to democratize access to black farms elena democratize access to direct access to entrepreneurs and that's what students studios so you know we could go we could go deep deep into that i want to reverse already burn platform studios driven opportunities but first i wanna continue these sort of historical trends so founders fund first round sort of had this you know we sort of tickets right now we've found a friendly with new at the time yeah i mean yeah there there is a you know sean pokka was i i think he's probably one of the most creative person some people i've worked with when he came up with that shit like an you know which is like taking a peek people giving people founders some liquidity so that they could go for the home button i n a n now it's so common but at that time a you know a necklace sack religious you know that was a man so what changed structurally that made it less about picking an more about the platform was it just the influx of capital and now entrepreneurs could choose from a whole set of affirms there i you know i think that many many many factors but single the single most important factor is just a costa starting something like that that feeling it's like when you go to why see demo day right and they wouldn't be they'll probably a dropbox there this time just some great company but you know how are you going to pick that two hundred and fifty of those companies tonight an it doesn't matter they might be in a different sectors it might be in a different job might be threatened like on one of his most recent companies and he's wasn't happy you know andrew resident i'd rather go yeah so you're you're doing we don't yet know if there's more startups when picking ability even more important no because you can't you know it's not humanly possible to process that's the point i mean how would you have found you like that right i mean two of the best funds to day out i'm not gonna name right there is some that are in china there's some there's some that are actually in europe people don't know right in the last three years and it's just depends on where the next big thing is coming from so unless you've been a platform right you i'm catching a you know a you know a broad enough swat swat at least at the early stage ended up and the biggest change that has happened i mean take your top twenty five and i sixty out of the top twenty from all over two billion dollars two billion dollars right so you tell me that looks more like five minutes which to me that doesn't look like early venture capital and that's when when paradoxically the costa starting companies has gone down right so what could happen any such i think they will find they would they would they would they would do great private equity likely tonight a so you know those those those that are intellectually honest you know let mp's that look we will get you went to like be done if we find the next google or facebook or two but ryan an abiding that you know even a decade con doesn't get them you know if you're getting two billion even a con doesn't get your ten x five out of five x fund right in get your tree explained if you're lucky yeah so we talked about you know pot farms but you invest in first round which is about more about a baseline is more a sort of but that time in and look i mean a lower case was yeah you know i mean i remember i'm visiting with chris second one sixty one sixty four southbound pod a he at that time on a hundred and twenty three oh one one point two million twitter followers so it's not you know it wasn't happenstance that that that a he he did a a a instagram and but in a you know saw kevin system travis everybody wanted chris because he was the influence influence in in in fact checking han who's a a you know i was the first a spotify business development person who came came here you know he's the first person he wanted to meet us chris because chris was the influence of influencers to sort of bring bring spotify to the u s a so i think that's you had created you know we created a special advantage for themselves but you have to understand stand that was a point in time right so so today to be i think there is and that's what you've seen there is no dominant to put in jail today find it was a point in time an end that point is spots it doesn't matter how you know big because you know you know unless you something like jason lincoln has a built and sas or unless you know in in cloud infrastructure you know just a and so you know you you're not going to be as decided to everybody across the board it's much more either sector focus sergio focus on exactly exactly who specialize in it's just you know a just and then now that are you know whereas at that time they were you know tens of these folks now that are literally thousands not just not even just hundreds you know in now with more liquidity at it'd be it'd be a new but there's gonna be it's gonna add to those and so when did you see that rise of platforms happening you had lower case based on first round michael hearing it cetera when did you see sort of the first pot farms emerging when i see you know i mean you know actually took me three forty years to get to a you know meet gaddi in an alexa send you know one of the things that we see now there's more attention to and when women but those of you who are astute a history buffs of venture capital know that why she was actually a jessica livingston's idea so so i got to meet for a couple of times but i could never engage with them so i actually ended up engaging with jessica and then jessica introduced me to hug general access and then and then you know and then gaddi and then getting eliminated you know make things happen and so it's very lucky to be really early involved but i took me like two years to get to it so but still i was still way earlier you know that's two thousand eleven so are you know but i mean even then i i think the first you know among my friend a decent friedman men from forty two floors had connected me i actually told me he goes like very emphatic he's like addicks it's almost like you know these these black from effects 'em you know these things are almost like they're like you know there's religions there scott this college and you know these these things almost like that in by season and like that you know end jason jason said when alex you know by sea is deep thing and you know i he had he had done fight cast at and then he introduced me james linden bomb and then james this is two thousand ten and james us up you know i still think up and you know i'm very lucky to be involved with heavy bit as well as an dog you know saw a you know at that time i mean he bit then iconic cloud infrastructure company in hedo cool i end you know so james was actually my conviction was like yeah by she's gonna be daily big headache who's gonna be daily big and i actually is i think you know even machine learning will be delivered way p i and that's also informs my thesis of hp ibis yeah and so what did why see bring to innovation they really brought sort of the the platform ecosystem that you could do venture differently they do it in a batch model that you could get outside conomic so you could have network affects yeah all of those like all of those right and i think i think also you know so i also believe that a in all these things you need missionaries like there are so many machetes and people talk of psychopaths and motion that he's in business right even though i think on a relative business i think all business you know bc is much more benign in a minute and say hedge funds and you kind of private equity a but but still you know there are cases an and i think it's i think it's a missionary that released early when so i i think i've been very lucky to work with those for folks that really take a very long time an annex actually a you know those of you who have you of that clayton christianson so what work on on disruption and that's it's not just you know it's not just a long time in terms of kind of long term thinking but also a kind of a a poop putting just focus on these my you know quick return on investment right on i eighty dollars on on a you know quick quick a team building something for for the long term and that's why you know and that's what i think a white few israeli a yeah i was talking to someone who is that's koya i was involved when they were doing this sort of brother and they're saying hey you know there's sort of saying this you know kindly but they're saying hey you know sequoia helped urban be a significantly longer then why is he did by you know everybody went twenty three months and then sequoia investigators on the board an continued that relationship for ten years and yet when they when they're being be founders talk about who's been helpful they often say why see or the first name that comes out his wife see and it just shows the power of believing in someone when no one else believes in that erbil being first and putting someone in business the end of the of the power of you know as good as the koya a you know was for them sort of powerful experience and community she said about religion a cult that why see created that given not only undo economics but also undo to undo but the extra sort of credit in some sense that a allow the next and you know the the network affect happened over everybody's drive all these companies being like why see how make me what i am today and i'm grateful to white sea which then spread the next generation so exactly exactly and i think it's and i'm just mentioned in the last two months i make to very well funded startups andover one is a former vice year once not twice but he's he's lost a company who is not a cold front and maybe use it like a co founder and in that both of them mentioned it's like oh well you know we don't need by seaport fundraising but we wanna go for the the neck wyckoff founders day weekend so i think it's a you know it's really amazing i mean yeah i think you know entrepreneurial when your first isn't on on a different trajectory also i think the best funds the most authentic fines right so you know if you look at the copycat models they've always fares they've never they've never even we reached a you know one ten the the and i'm not gonna name the things but anyone who has tried to copy it i i want to be the next angeles i'm gonna be the next you know that's why like yes is so authentic they're doing what by sea is not doing right which is matching founders now many people are trying to copy f but they have so far ahead and then slightest in their dna like it's not that long copying somebody they solve that problem and if they they solved it right and it's the same like we'd like you to what would just send them again again he's like so authentic right it's like no one questions that you know jason really cares about his community in really cares about the founders right in in and similarly with gaddi and that's one of the reasons you know after a wise you know what happens with more most mp land is you stock butting heads like when you invest in much people find mistakes are competing with each other they stopped right but i think one of the reasons why i like the student model is because the studios don't compete with each other that that each each is investing around the so let's talk about the duty of model talk a little bit of how the studio model has evolved and where you see it now what's really amazing about the studio model is a you know for the first time ever you know it is giving this you know and you talked about you know where the vice yet everybody adds value right good people add value add value i see edge value but actually and i think for free person who's been who's been a i you know i said this public he'll be when i know this of course is most pc detract you're right they don't add value and if you if you look at it now honestly it's going to open your eyes that are adding that you know but on the financial benefit site the species have a portfolio right that's why they want people shouldn't for the fences they have a portfolio a piece of a portfolio but why is it that the you know entrepreneurs contact portfolio would actually you know if you look at it we're now at a time where you know some of the you know some of the best ideas had come by 'em you know folks you know a a lawn musk a jeff bezos a max left gene you know at the garden have you can get it firm who but right they get it but scuba while he was working on a stumbled upon right and i think travis wasn't even involved in the first year or so right in most of these successful founders they have many many ideas but i and once they have the wherewithal and once we have that adapt i think deacon definitely do you know more more things so i think in some in some sense you know the reason why studios are so important now and i'm i'm gonna take more from the entrepreneurs perspective right so i don't think a studio an operator that's never run a company can build a studio right so i think that's why i think the studio is if you have an amazing facing founder if you're up in amazing founder that found that can surround themselves with many other co founders and build a shared a infrastructure and then build up build up a you know build a portfolio of companies in in some sense it completely completely disrupt stranger because you know now you don't you're not going to dc to build a portfolio you're going to you know you're going to and entrepreneurs are to build a portfolio and then what is also an amazing is is that a trip on your done correctly i think in many of these new studios on their front which which conflicts of interest but if done correctly you know you're able to get a a great great alignment of interest between mp's in the founders you know you're also able to get much much higher upside both for the founders and for their peace and by the way the vc is don't get completely replaced placed the vc's get displaced and which is great for them because the vc's have no a you know a lot of it all the top issues they have multibillion dollar fund they want a two million dollar checks and ten million dollar checks they want i fifty or a hundred million dollar check so they just come in data and you know the mp's get to work directly with the suit ways you can disrupt a venture platforms studios a if you did is you mentioned there three different generations once again what i didn't answer that question yeah so i think i i think the evolution has been you know i think the studios initially started wet more a consumer like modern and a you know a very good example is or what the brothers did what rocket into the internet they would never take you know any business model risk they just say oh if this were any ryan you s but in you're acting i think groupon in salon go and and then they've done those much deeper geography is they've been you know base very a very successful which which some of them a somewhat the models and so i think that was kind of the first wave in berlin which had been without december brothers you know so that was kind of the first wave of course there is a you know a in the dot com media that was even i i you know something a preceding act would wear a a idea labs a where bill gross and even trench at howard morgan in other work but what's actually happening right now and that wasn't you know and then kind of the second the second wave was more on this the more kind of team matic's studios that that we we saw a come up and that includes a like beta works in an ad thought in science and others and you know they've had new daily good success this science science has you know has already had a billion dollar exit dollar shave club and a mammoth is doing really well of course not you know you can't lump all of them them together i think the the second wave off startups they got really good at distribution so i think if you look at you know i i think i am a comic is i think probably a really good example is like a mixed property the you know the best studio that a in distribution it could very well become the very best venture funding you know because it's it's all distribution distribution distribution so everyone off their companies is you know there's a long line of refused looking to invest in companies i think the third wave that we're seeing a copycat copycat distribution and then and then i can't the third way we're seeing is a building intellectual property so on so as you know you have this renaissance of deep decks for the first time whether it's confrontational biology eri that's becoming relevant across so many industries right it's not just autonomous driving a medicine at cetera of farming so you can now stockpiling i p at the studios of an end using shared algorithms and share data sets an actually a walk across different companies so i think that something which is very nascent a but also very very exciting so i think that will be the third wave and i think those will be you know so i think that's that's kind of something which is now giving you know it's again you're getting direct access to the entrepreneurs right i mean if you look at it on somebody said jeff bezos is you know one of the best advocators of of you any is like i mean he he ws which had nothing to do with where where his ecommerce business into one of the biggest cloud infrastructure companies and i it's a it's bigger than stand for us officers on a opportunities so what is your opportunity there in what might that look like so i'm you know i get like a hundred i've been pitched a hundred machine learning funds and actually i don't think that that's interesting because they're so obvious right and it's like oh i sit front of a a you know sitting in front of a screaming and boom you know empire scrape x y z a now this dogs and a you know different and it tells me which the best company is i think i think it's too hard right i think the real a real treat to day every company is based on a tech stack i think if you can measure the activity at each point on that next act for instance and i've taken simplistic example for instance who is built on google maps a a queer leo a stripe and at a segment and now in tom so if you could measure activity dan at each one of those levels than you would be able to ten which which startup is taking off in a you know there's a stall famous story of how whatsapp got funded rights whatsapp was actually discovered by andy andy rubin when he was because it was a fun you know it was the most downloaded app on android and he actually had the good corporate development chased him down and you know try to buy them a you know they're giving my thinking when a sudden they gave him a hundred million dollar offer and then watch sap turned around and and you know a so that's how what's apple is discovered and i think that's how most new apps that's why i think picking is now that's relevant right you the discovery will be with these through so if i think at one point gb said they they were using google analytics but i don't know whether they're still or at least they don't say publicly you know whether it ws stripe could measure they would be better pickers than anyone by so so i think i think now you know we're trying to find those companies who who's kp eyes are being used to build the next generation products yeah let's let's go back to the platforms permit so i'll give my sort of outsiders brief history of a then i want you to correct mirror added to it so we sort of first round that generation offered you know platform as community and dnc inferring with sort of extensive platform team in in services a sort of injuries in which the scale that out to you know ten x that in terms of size and you know not just you know not just round talent borgen i'll be with customers were helping serve every element of your business sort of like cia for a vc addition you'd y c we should have had a different structural advantage in terms of the batch terms of the cost a set offer and in terms of network effects that they built on top of that and then you had i'm going out of order here but social capital which tried to do a multi stage a multi asset andriessen also doing that well now bio in crypto on a different angle platforms angel list which i did do it more democratize asset class i wanna hear you're you're thoughts of that and then a single fire which is them and a few others have tried to do more data driven approach to picking selection and support supporting is that a fair summary of what did i miss her what would you added to that that summary of sort of the last decade or so platforms nbc yeah i think you know i i think i i think you're missing one of the biggest one which is entrepreneurial at first you know so i think he i think there's probably a small twist to it tried so i think you can beloved community and you converted inequity facts i think also you know like in the past we saw the paper mosque yeah that's why most people are now looking for the mafia and i think that's a that's a food at and as well because those mafias now have been replaced by these platforms that much stronger the network effects that are stronger than affiliation that you feel to any particular company right i think what kind of a i don't think you've missed a lot i would probably have strong opinions probably disagree with a few of the people that you mentioned on add a couple of a couple of those 'em but they're all really good people and all innovative i think i think it's it's one is the structure innovation and the second thing which is as important is the you know is the investment mousetrap but i saw the innovation in y c you is not on not not that they they made a class and but they were able to get seven percent of equity of heavy company that will see innovation i so i think i just building a platform and giving services and all those things don't what could be also don't build up better mousetrap right so 'em i think the same you were seeing the same kind of innovation in studios the same kind of that is now a structural show let's go through a few of those arms as one is why see we talked about a bit and he is understanding to your point about you know sort of warren buffett has lied about franchise where you know you know franchise franchise where even the team with poor management management a cane run it and it'll still be great and of course writes his team is super great but they did just lose salmon and it seems like it's business as usual why would they they they nonsense amazon sounds amazing an insult conceivable amazing i get a lot of amazing people but you know a paul good amazon means you turn off all laminate a loser i raised a benchmark lost bill girly today looks like that would that'd be pretty big when you said it yeah so everybody in the series analogy implies everything's out of heroin event that they might be gone in twenty years is so what's the funding for the fundamental issue is the end this structure a structural change so another thing is like if the water so noisy and the style plus so hard to pick initially on this this the the benchmark model just knock wood because you can only be on twenty boards ryan you can only be twelve boards in two continents max right you can't be in boston for continents i i'm not saying that i'm saying because benchmark is a great fun right so and then also you're not structurally you know i mean many we see from straight to work with spicy it i buddies was like drinking from a fire hose i just how do you process so many startups yukon meets almost startups you can't you know so i think i think that's why it's so important to a you know a so some of these these older from like sitting on boards and having having a few people doing a few you know investing feel ford investments i'm in the end they're you know they're dead ball low determining how many in some steak and making it yeah and so when you look out at something like a kleiner you know sort of with the rebuild they've had do you sort of say hey new people but same old stretch same old thing and you know i think you know mom loons doing a great job you know in a moment nearly a fantastic investors and i think think that they would do a you know they do amazing things right out of the back they've done fantastic things so i think a you know it's not fair to just pick on one from an think i i just think it's you know it's like saying a nordstrom continue to do whether a or will when you know or would they overtake amazon right it's just like comparing apples to oranges i think they're these new models i like a soon nami right so they are just going to wash everything away it's almost like a win win it's like no come patas i so if you a if whoever was you know it'd be in charge charge of kleiner in terms of the rebuild if he came to you and said hey alex what should we do it'd be relevant in the next decade of venture a you know we have this amazing brand you know we gotta rebuild their staff will say that i think i think that relevant in i mean you know this is also on you know i wanna i wanna just wanna make sure that you know look i love all these funds i doubt old friends of mine and i wanna make sure that you know i end up peter tia love to say this is like you know competition is pro losers right so why see never competed but sequoia i firstround in compete in union square right they do all so most of the in and what's even more excited excited like entrepreneur first doesn't compete but why see right so it's almost all these models desks authentically they don't compete and that's the thing so in in that cdc space it's the same old player that's why some people say what a what i asked ventures not changing used to be stuck with great benchmark and it's been sick oregon benchmark except you know saint saint louis it's because an based on whatever i met my morning the new plano team they do great right i'm just saying at winchester so much bigger now right so it's just increasing its increasing the pie it's not it's not so much they're competing with them that a and then those funds are now you know as i said now most of the model right but if you said hey we wanna find an area where the next fifty years will be defensible when we wanna compete with anybody what would what would you say look a studio look at a platform i mean that's the thing is like like a platform is incredibly hard to bet it's just i mean how many people can build up i see you know the simply how many people you could build an amazon right it's like it's incredibly hard a you know an and you know i have so many so many vc's come at them as like addicks a studio is the worst idea on the planet because just one start up is so hard to bed you're gonna be ten startups of five south right in a start with all the ways you've all into one great company forget one breakout company or just you know collapse into that one a great company like of course that's the defensibility it i like nobody in their right mind would have been the studio because it's hard enough building one company right it's like you know like like elon musk save this like chewing laughing standing in the abyss like ten for dolan rights so where would the next why see come from over the next e f come from very talented people say hey alex you know i'm i'm the start platform and so authentic it will look nothing like the same right and i've seen you know i'm a con name names but i've seen people come to me and say well how do i have on building these new platform and has angel list in it why cnn has you know x so i think you know angry senate in all rolled into one and you know they gave up they give up off just after six months but i because actually it takes a lot of the commitment that goes back to the missionaries fine so the people what actually doing this you know and doing it the way i mean they are super driven in their dick right i mean the amount of content in you know kind of what a i'm like for instance jason lumpkin does all you know what gatty gang does what would start ups i mean you could pay people to you know to to do that you know until you have someone like why see that you know loss program years ago now loss amazon has mike one of the great team ten years from now do you think why see is as powerful as it is today do you think accelerators are as big as they are today will there be competitors twice so you're doing the same thing so also you know and that's a very very good question and i think a you know i think just spicy get stronger and stronger i mean what i as you know and this goes back to the disruption duty people never get disrupted now is a you know a from above right so i suck way is not gonna just apply see a benchmark is not gonna decide they get stuffed from beto light so if you look at detroit a you know a trio down now we have lex us and stuffed yoda was the worst bad right and they they came in they came in from below below and they disrupted detroit now they've been disrupted by cody ends which again was the yeah and you know there's always there's all this disruption but you know i think i think why she has such momentum of very good a scenario is i think why she would continue to be dominant in this space right on the space that that they have you know there might be other spaces and i know which which will you know where where there might be dominant dominant players and i think a continuity will be successful and do you think why see should should create a series they fund is well on the entire stock no i think by seattle continuity is already successful so i think that you know a they have amazing things obviously be asleep there is a there is a thing like if a if why see there's a hundred million billion dollar fund like my son did then maybe they shouldn't be just also stack right but i think that current model depends on you know them not participating debating in at least second rounds for the reason of signaling there's always ways in which you could you could imagine the raising that much amount of money and being softbank proceed basically all all seats to see through a giants beat so let's talk about angel list what sort of the promise of angel list and what do you think we've learned about sort of data driven or you know technology driven venture investing i i think look i think now why is one of the smartest most innovative people am at an office a generation of investors honky court so many things things right in injury list is being sold massive t a m influential in space and also so angeles alumni as what i think a you know a is just kind of an engineer and the injury list is also volving so they'll send you the one dollar dough and then to doctor over syndicates and dennis new feet out over that funds and stuff so it's you it's still an ongoing story i think that the you know we have yet to see a rehab jet to see the most dominant version of kind of a data driven think i think there is no a no disrespect to anything out that nothing has kind of you know we're probably that's another eighty of disruption i don't think it'd be kind of quote unquote machine learning driven i think it'd be kind of a mvp i driven and vip eyes and estee case but as you know there's a very very fine line i mean there's some people who might try to do it and there's so much issue about privacy in a start ups are incredibly private so so if startups find out that x y and z is using you know their data for something that was not meant to be right i think it would be a you know there were a a so it it has to be done in the right manner but i think i think that's that's going to be the data driven approach and i don't think anybody's is working on it you know and again if that's because a super super hot so so that's that goes back to you know why i like entrepreneurial at funds because you know entrepreneurs in black phones not macy's on tipping your skin studios we sees an entrepreneur your skin believe based funds not feces i i like the framing why couldn't 'em sequoia or another firm have tried to build why see that it's it's the same thing like why why why didn't why didn't you know i have this on this mental image i have this mental image that there's a there's a book called using the signal high end it's about black betty or research in motion and and the founder of a black i mean he is but he's a brilliant guy you know 'em knitting so and you know black but he also innovative and they were always evil lucien that he never never revolution so they always an instead of going to ford forty they went to three g i instead of like you know they always did but they did that i think right and so you know they always comes of bandwidth and they they they they stole when he first saw and i phone he said you know it's gonna be a disaster is going to be it's going to hog all every a hog everything a hog all the bandwidth in he using engineer of course in disassembled the i phone when he first got it and he was aghast he you said they've put the mac into a fun night and it's it's this it's this thing where you do the unthinkable i you do something revolutionary so i think i think that's that's what's needed is doing doing something something think about i end when when you look at when you look at why seat right i mean where would never do that because think about like you mean you mean just like hired people with six minute interview is you the company's after knocked on the board and just give him money and then see have meet with them for office august what you know so it's it's on thinkable for you know and they do shit is indem they know that they're very good at what they do right so goes back to the physicist right so they almost they say you know whenever i knew a period is as spout they say they'll they'll the older generation of the physicist almost have to die before you know it's that that did it becomes commonplace so it's you know it's the same thing it's a it's a you know it's kinda sacrilegious say some of these things that you know that the new models i'm curious what else do we think he's gonna change the next decade x five teams looking adventure you know we had a cure boy on on the podcast and you you people were joking the desert of the kevin durant's lebron james going to the lakers comes right out of the warriors any even dubious would there would be sort of a more of a free agent like approached venture capital what is your what is your take on on whether partners will move more friction leslie i i think became were mad at us i so i i think stars matter less i think now the opportunity is a to change the game but i just so if someone is playing thank basketball you start playing you come in with a tennis racket so that's what i'm looking for the people who are coming in with a tennis racket to the basketball game ended up changing the game so what do you think about scout ponds and scouts in general i i i think i think that's the worst idea i've ever seen a hand shurmur and i think a a so that can deliver opinionated i think a you know one is i think a lot of extensive models bottom i think most of the extensive models can be done very poorly and so i think in these in these scott funds and actually they've been around if you go that heading off me about a scout fund that jobs ever did in two thousand six okay so they've been around for a long time and i said it was a good idea and so it took me a few years to learn a that i think in in in the scout funds your your actually outsourcing you know other things so basic your disrupting unless unless you could build your own band to do that right you'll have you'll have your own proprietary bad it's just like if banana republic have three different brands or gap have three different brands for three different segments it's the same thing if you could have you know a us a seed funded by the band for a seed see banned for any you know otherwise if you're outsourcing it you know you you you just losing eleven you start moving up it's the same and then you get disrupted it from somebody that's actually closer to the entrepreneurs you know so what would you say when you think about is acquired scout program and it's been successful and found a i think a quiz and amazing fun right and suck well i you know a you know hats off to them they have reinvented themselves and they have stayed rather tried so i think in this segment 'em they have a jet just generally you know the idea of scott funds now i don't know whether whether it's had pulled a dog because most of the time the founders get confused as well first of all they're not getting the headed from those funds right so if you have a hundred k or at two hundred k from just pick you up top off of fun but i i as a founder you'll really disappointed because you're not getting the hitler right and then they don't leave your cd's day then nobody wants to touch it like a x y z is an investor they're not giving you a attempts what's wrong with you right well no no no they will do that pro now okay do we do that throw it out i but i get to be the why am i the lucky one right so so i think i that's why i think it's a i mean there's less and less of that a you know because now again it's noisy but i i think you know the x extensive models are really really hard to put a tank i'm much more interested in the intensive models so i think like the studio modeled on more intensive models what's the difference in extensive and intensive when you know scott mandala platform i extensive models in the studio is an intense monica you yourself have thought about how technology not only changes bc but also changes lp world where were the latest there you know is there an angel list pretty opie world or like what is sort of a technology looked like to disruptor or change how lp's do business was english i think that's what we're building is and i kind i wouldn't call it in you know in you know it's not x y it's i think we're building something female centric a an a it's it's both a a real change is when you do you bring bullets prophecies as well as a technology to hit the a plus business processes right so it's as much of a process change as well as some you know so so that's that's kind of that's kind of what what what we're doing and where you're trying to build a social network as it a actually it's not a knock the social network is just kind of one of the tip of the iceberg a but actually were building a you know a workload tools for employees to help them 'em you know to radically 'em simplify on their investment process yeah it is if you saw sort of this 'em the change in terms of venture capitalist being much more transparent much more open much more direct do predictable see a similar changing lp world right now awesome people don't even know who he lp's are we don't hear from them directly do you think you'll see much more transparency that world they're not really just different i think probably not you know i think a loss and and i think this we've seen this again and again and again i see this a one of those people who don't know this word they always think right this is the night night day which was at peace need to be transparent and venture needs to have liquidity quality that's why i'm gonna i'm going i'm going to allow people to when the reason why institutional investors invest in ventura it is because they don't they don't want the volatility of the public markets down they want things that are uncoordinated right so tomorrow we have you know in the in the trade war with china escalates or growth rates that are you know they they steal a lot of people and you know 'em in the markets are down by thirty percent forty percent you know your your a you know the companies that have gone you know having gone public the instant pot is not suddenly gonna be at two billion dollars right so that's why mp's invest and venture because they don't want things to be correlated what went down with the public markets so i think that's a kind of fundamental disconnect people's knows i want peace to have liquidity a or b she used to have to be she is endemic peas they don't want liquidity they don't want you know they want a new one or two times what they have equality but they don't want blessed that mocked lock it would with the public right is it worth mentioning starting just running back row like like the rise of the fund a fun fun fun done very well when did they start becoming saying yeah i you know i think like a fundamentally a fundamental very flawed model again you know so if you look at it 'em fund of funds have a some really fundamental issues with them aid have fees on fees be 'em they are way over diversified a an three kinda date and you know most of the traditional model has been built on this this notion of selling access right 'em so i think those two three things make it you know if you look back to of course has some some people that have been around for a long time they're amazing organizations but if you basically go to the loss few downturns light maybe fifty percent of feces i'll go out of business but seventy percent of the funds go out of business you know so i think that much more susceptible to kenny ups and downs do you think that some people said that the future of venture capital sort of these multiasset firms that you've in not just multistage but a few injuries as general fund they've bio finding a crypto fund a menu at you know sort of capital obviously a different issues of its own but you're you're doing not only different stages nbc but also public catch up on what's yours comment on so so i think and i think this this and this goes back to 'em so if you'll just project where we are and then this is probably very controversial but if you look at some of the largest asset management from day to day right you look at black rock and blackstone in in in others apollo it caught they they were under a you know a few different waves particularly private equity in a u t f sent kind of index funds at and so i think the double you know a they will be just like myself who son created a you know a hundred billion dollar fund i think even though a you know there's a lot of you know kind of kind of mud disbelief that this this would work i think you'll probably see more and more of those you know so i i think there more big tech companies now i think that trend is just going to continue on and then he's gonna be larger and larger so i think the opportunity set for thursday increasing that's why you know yeah the you know even like we talked about the the the funds you know why did they might get disrupted from one one space they will still continue knew it'd be some a mighty mighty asset funds within a within technology right so they'd be the pool is getting larger and there's some people are bearish on on the future of the class because of things like one you know the the big four big five not getting weaker anytime soon or or things like crypto which you know if if they take all the value there you may not that may not be interesting i i give you like giving an example example you know you you think the big ford are dominant in nineteen twenty nine eighteen t was a twenty nine percent of the public market in nineteen seventy two and you know people say well amazon six percent the nasdaq in nineteen seventy two i b m with twenty percent off and nasdaq i will say well what jeff bezos is very rich a a an andrew carnegie was a in today's dollars stump would have been four hundred which what four hundred billion got us right so people have been the relative dominance of these sons has actually been decreasing right so you know it was fifteen years ago there was no facebook's right fifteen years ago there was no why see so you're telling me there's a in fifteen years from now we will have sequoia in in in benchmark and no other funds oh there's gonna be an end there's gonna be no from competing with amazon know from from competing what would without but i think that'd be amazing new forms of just like just as i said and they'd be amazing new entrepreneurs they will be you know they will be another elon musk and there would be another jeff bezos and another steve jobs and hopefully he would have a studio how should we if we should think about a softbank or just more late stage private capital on what is it mean for public markets i do think that will change the next five years with that trend only only get deeper or that shift where people start going public earlier i think and you know i i think billy bemoans on this background cycle which company should just go public early and i think going public is a particular skill an amazing entrepreneurs like kevin hart's has taken to companies to to public i was the only one i see i mean how many there twenty four hundred companies that one has gone public so far right or maybe two now a two hundred page of duty end a a pitcher duty and dropbox so so it's you know i think it's a it's a it's a scale end up now you know it's so much harder to go public you know that's that's definitely changed the name but that's why the portfolios photos are changing and i think i think i don't see a you know 'em i don't see that changing anytime soon so we could see in fact i i you know i don't have the numbers off top of my head but i think the number of kind of mid mid cap stocks like i have i have hopped in the last ten fifteen years and a number of fucking companies is a you know decreasing so i think that train a trend would probably you know will probably continue totally so again and maybe enclosing here you're looking at next five ten years a what else should we expect the future venture capital or what other controversial opinion my you wanna leave a sweat yes i i i actually don't think that i want to be controversial for for the sake of controversial in our own country and i just like to think the things that i do get conviction on a content but if a you know they are not the things that others i do not think so you know i i you know i don't know but i think it's definitely won't be a the things that you know most people are are gravitating towards right so i think just like antic that's one of the reasons why why platforms are so a powerful as when is because some of the best ideas that we've had this come from things that were the worst that seemed like the worst ideas i said it'd be it'd be washed idea that i've ever worked trying a coin base or who but that time was very small you when they first when they when they got funded so i think these new sectors on new ideas will be things that no one no one anticipates i'm blushing wasn't something folks anticipated trade a so how do you about crypto blockchain hasn't opie i i think like we have you know one overriding a use case of speculation and i think 'em aside from that you know i haven't seen any you know a really good a on applications a i think it's still very very early you're not you're not eagerly investing in crypto funds just yet i'm no i i think we actually had a you know opportunity to but i think once we i think we we we could not by but once you missed opportunity i have a lot about biotech investing life science vesting have you in terms of funds have you look there have you done there do you think that's different than standard vc so yeah i think i am i am i don't a debt dabble in that so i don't i think a very different space thing that's why we saw many of the month on the juice to have a biotech back practice just and on ity practice you know they they they shut down their bio prog practice and and especially on the peutic signed i think they're now interesting stuff happening in computational biology but you know i think peutic says a is not something that a you know that i follow although there have been some some a some good thumbs and a but it's very very different than than traditional tech investing totally this year's ernst thing i i do think that there will be something like another i seo boom or or just some version of crowd funding that makes more and more people investors or do you think that that was a fluke did that did that make people invest s i don't i don't think i think i think some people were investing in predator projects jack so maybe wearing investing otherwise there were certain people that crypto money in were doing it should hold guy yeah yeah i think maybe it did you know i think from from that perspective you know it's very hard for me to have a good opinion about that so yeah i was not i was not involved and yeah no two blocks it's been a great episode of people wanna learn more or do you have any last minute plugs there things that you would leave it leave her audience with no ice i think just if you're a starting a studio seek me out excellent argument

alex ben gash engineer snp howie founder partner ventura two billion dollars ten years hundred million dollar six months hundred million billion dollar twenty three months ten million dollar two million dollar three forty years two thousand feet seventy percent billion dollar
NPR News: 07-24-2019 3PM ET

NPR News Now

04:58 min | 1 year ago

NPR News: 07-24-2019 3PM ET

"Live from N._p._R.. News in Washington I'm Nora Raum former special counsel Robert Muller is pushing back against Republican allegations that his team of investigators was affected by political bias as N._p._R.'s Ryan Lucas reports Moore says political affiliations had no effect on his hiring decisions president trump in his congressional allies have long accused Muller's team of being filled with so-called Angry Democrats Republican Congressman Kelly Armstrong asked Muller about contacts. Two of his prosecutors had had with Hillary Clinton. The former special counsel stood by his team. He says he hired individuals who could get the job done expeditiously with integrity he also said that in his decades of public service political affiliation never played a role muller is also disputing president. That in trump's claims that he interviewed for the F._B._i.. Director job before he was appointed Special Counsel Muller says he did speak with trump but to provide advice not as a candidate for the job Ryan Lucas N._p._r.. News Washington the Federal Trade Commission is finding facebook Book Five Billion Dollars for privacy violations and Facebook C._e._o.. Mark Zuckerberg will be held personally responsible for making sure his company complies with its privacy policies N._p._R.'s Arthur Shahani Reports C._E._o.. Zuckerberg Berg who dropped out of Harvard has some homework to do under a new government order. He'll have to sign the dotted line on a compliance documents every quarter. That's four times a year. The F._T._C. is concluding its investigation into the company's rampant abuse of user. Your privacy the agency discovered facebook took cell phone numbers that people provided for security purposes and use those numbers for advertising also according to regulators the company must tell sixty million users. It's been using a facial recognition tracking on them without proper permission. FACEBOOK must also pay a five billion dollar fine and if the company fails in its privacy compliance Zuckerberg himself could face civil and criminal charges are Shahani N._p._R.. News the Boeing Company posted its largest ever quarterly loss today nearly three billion dollars in the second quarter the company's best selling plane the seven thirty seven Max has been grounded since March chairman and C._E._o.. The Dennis Muilenburg says the company is working on the problem. Our priority continues to be the safe return to service the seven thirty seven Max and we've continued to prioritize additional resources and focus on this effort at the same time we're maintaining our focus on keeping the business strong and healthy airlines around the world grounded their seven thirty seven Max fleets after two of the planes crashed within five months killing three hundred forty six people Boris Johnson is now Britain's prime minister. He's promised promised to guide the U._K.. Out of the European Union by October thirty first with or without an agreement checking stocks at this hour the Dow is down one hundred and five points. The Nasdaq is up fifty three. This is N._p._R.. News. A federal judge has blocked at least for now new restrictions on abortion from going into effect in Arkansas the measures include a ban on abortion eighteen weeks into pregnancy and on all abortions performed because the fetus has has down syndrome two cases challenging the trump administration's latest attempt to stem the flow of migrants from Central America are playing out in federal courts today N._p._R.'S MIWA ANA reports a new asylum rule withstood its first legal challenge under the new rule asylum-seekers who pass through one or more countries on their way to the U._S. are ineligible for asylum unless they have asked for and been denied protection from at least one of those countries I in Washington. Washington to immigrants rights organizations sued the government to block the rule saying it would hurt their ability to help immigrants who they say have a right to seek asylum under U._S.. Law In upholding the rule the federal judge said that the government's interests outweigh way that potential harm done to the organizations meanwhile the rule faces a separate but similar challenge and another federal court in California Mile Aina N._p._R.. News Washington Pennsylvania Appeals Court today overturned the conviction action of rapper meek mill and granted him a new trial he had been convicted in two thousand eight of drug and gun charges and sentenced to serve as long as twenty three months in prison as well as ten years on probation. The appeals court found that new evidence against.

Boeing Company Robert Muller facebook trump Washington Special Counsel Muller special counsel Mark Zuckerberg Ryan Lucas Zuckerberg Berg Hillary Clinton Republican Congressman Kelly A Pennsylvania Appeals Court Federal Trade Commission Boris Johnson Democrats Nora Raum Harvard Dennis Muilenburg European Union
I'm Worried About Money Issues in My Relationship (Hour 2)

The Dave Ramsey Show

40:10 min | 5 months ago

I'm Worried About Money Issues in My Relationship (Hour 2)

"Live from the headquarters of Ramsey solutions broadcasting from the dollar car rental studios. It's Dave Ramsey show where debt is dumb. Cash is king and the paid off mortgage has taken the place of the BMW. Status. Symbol shows I'm Dave Ramsey your host Dr John Loney Ramsey personality is my co host today here on the air open phones at triple eight eight to five five to five. That's triple eight, eight to five, five, two, two, five starting this hour off is going to be Lansing Amarillo highlands. How are you? I'm doing well, Dave how are you guys better than I? Deserve how can I help? They're good. Hey, I'm I'm really Calling you guys for. Adults of wisdom here I'm. I'm pretty sure I'm in a position that I could retire, but I don't know if it's if it's wise for me to. Okay. In what way is unwise you don't have enough money or you what? Well I mean I've got a net worth of about three point two. Okay. So. I think we're okay. Well done. Thank you did you inherit that or what? a little bit a little bit farmland I did four hundred probably of that. But the rest of it is just Just. Paying attention. Yeah. Well, done. Don't you paid a lot of attention good up salons. I know some young guys that kind of money who've who've semi-retired? What's the hesitant senior heart here? Well, my my wife health is Marginal she has some gastrointestinal. Type issues, and so I'm I'm meeting. What have very good insurance for them or I'm. I'm just hesitant to leave that behind I'm sixty she sixty two. uh-huh. So you know we're a little later away from Medicare and those kinds of things have you investigated just buying something like a blue cross blue shield policy through one of our earpiece. I have and I mean it's. You know clearly Know I don't know much about the the the coverage that says is I guess. You don't know much about what? The coverage. Oh. Yeah, you would WANNA know that. I would sit down with an endorsed local provider on health insurance and learn the coverages. But if you can buy health insurance that will cover her issues. Then, why would you not retire? I you know I don't know. I probably would I probably would Lancer trade what do you do out there in Amarillo? A IT director we're at. An Insurance Company. Okay. Okay so you probably could do a lot of side gigs at your schedule. However, you wanted to work half time as a lot of it things. You probably have the skills to do that. And a little bit of contract work here or there if you just want to stay busy, keep your skills sharp that kind of thing for the fun of it Ambassador Insurance, but you know regain. A lot of freedom. A lot of independence by going ahead and retiring. If you want to do that, you've got the money and if you've got the health insurance if you WANNA work work care, you don't have to retire but you don't have to work either. Right, well, you know it's The work the job is getting you know been doing it for nearly forty years and you know I'm getting. It's getting. Yeah. Yeah and I suspect. You could probably do a lot of the same kinds of things on your schedule and less hours make pretty good money and it wouldn't be as burn out for you. But the whole situation is what grates on you and my own. No that's that's exactly right. It's it's. You know it's eight to five and you know. All the all the stuff that goes with the corporate lights now that well I don't ever recommend. I don't say ever but I do not plan to quit working completely. Because your brain and body will quit on you. I just do not I want to be doing something. I will be wandering around this building spreading spreading heightened dissension in one way or another, but the but I do need to downsize and and offload some of the things that I'm doing over the next ten years I'm sixty. And it'll be good for the company. But. I'll be here on the air. But some of the internal stuff I do I don't need to have my hands in everything ongoing and you don't either by the way. So you could do a similar thing like I graduated thing rather than a truncated thing meaning you you gradually by leaving there and picking up twenty five hours of contract work that you do at your leisure You don't need the free money you just need to keep your brain busy. And Lance this is I'm GonNa make this geographic but it's not because this is happening to people all over the country but there is a west Texas ethos that a man is his job and if you quit working you, Kinda. quit cease to exist. And it's just the way you've got farmland. You've got your hands and that you're not guy which means you probably don't call for the last forty years. There's just this sense of. This is who you are. Now you're faced with the woman you love more than anything else in the world's got health issues and you want to spend time with their and you're worried about this. But that bad man you're good. You're good husband you put in forty years you've worked hard you've. Clearly, lactates have the money sit down and get with somebody who knows that market out there Morello and reimagined some things and get some peace in your heart. Spend some time with your wife. They've said twenty, five, forty hours a week doing work you WanNa do that's exciting when you WanNa do when you WanNa, do. Or don't right choices. Our don't the the choices are there but so i. am not. It's not agree with everything you said except that that's a West Texas. I it's everywhere. Yeah everywhere everywhere is. It's You know it might be a boomer thing more than a millennial thing but but this idea that that there because our generation accurately recognize there's dignity and work I was GonNa say the millennials are flipped it where relationships are everything and works just not a thing and it's not something you need to do dignity and work we are made to work. That's right. There's an exciting ordinary dignity there. So there's something that does for your psyche for who you are. It gives you a sense of meaning a sense of purpose you're doing something that's not immoral wrong or whatever. But the it can be literally working on the farm. Absolutely. You got your big West, Texas ranch there you know. So but you've got the money get the health insurance in place. Imagine. Some part-time contractual things do that over the next ninety days and retire. That's what I would do if I were in your shoes. John. With that place you work with emotionally I can hear that for sure if you're you've stuck it out your, they're not mean, but you're done with them. There's almost this request like, is it a character issue and not actors? Not It's not at all not at all but good for you for setting yourself up like this for you absolutely might end in May have enough he runs a big cadillac or something you know I was with a gallon down eight thousand acres. That's just blows my mind you know you can raise some cattle can put a couple of calsonic nells, naked, work it out, and then you got to go find him. A Bail. Out. Front run right. That's a lot a lot of square miles, but it's you you know it's a different mindset and so. Just, find something that you put your hand to make sure your health insurance issues or cared for your money. You've done it. You didn't touch down you're never day millionaire. Proud of you well done. This is the Dave Ramsey show. and. One of the questions I get all the time is which life insurance company should I use for my term life policy look it can be a tough decision when there are hundreds of plans out there with rates all over the place and rip off riders. That's why the only company I use and of recommended for over twenty years is zanderinsurance. There're a broker, which means they shop only the top plans from reputable companies that I recommend call them at eight, hundred, three, five, six, forty, two, eighty, two, our visit, zander dot com for instant online quotes. Dr John Baloney Ramsey personality is my co host today here on the air open phones triple eight eight to five, five, two, two, five guys. We value input from the listeners of the Dave Ramsey show it helps us to know what's important to you. So we can deliver the right kind of content and teaching. We've launched a brand new survey. We'd love your feedback and check it out at Daveramsey DOT com slash survey. It's all about this show. It'll take a few minutes. Here's one hundred dollars Amazon Gift Card. It's up for grabs you'll be in the drawing forty. If you take the survey doesn't cost anything, take the survey obviously, but we need to hear from you what do you like about what do you not like about and so on. Unless, of course, you don't like Dr John Bologna and then just don't take the survey right now I'm not some high school friends coming out of the woods. Some people. Franken is here. All right text the word survey to thirty, three, seven, eight, nine, or go to Daveramsey dot com slash survey again, get your phone out text survey. Two, three, three, seven, eight, nine. Open, phones here at Triple Eight, eight to five, five, two, two, five, Casey is whether in cases in Texas I, Casey. Welcome to the Dave Ramsey show. Hi Dave Hi Dr. Gooney. Thanks for having me. Sure. What's up? So I recently got engaged and my fiance, and I are looking at buying or building a house in an up and coming area here in Austin But throughout this process, there have been some red flags that have been raised, and now I'm just kind of trying to figure out what to do and what I should do from relationships sample in a financial standpoint. Kind of red flags. So we had had some discussions while were dating about finances and it seems they were sugarcoated a bit and. So. Basically when we started having financial conversations I had some concerns and I talked to my parents. My parents are awesome and for my birthday got Financial Peace University So I got on the Debt Snowball Bandwagon and within the next six weeks, I'll paid off all of my debt and be completely debt. but he didn't really get on that bandwagon with me and it turns out. To, engage D- at his debt is about double. What I thought it was So he has about one hundred, thousand dollars in debt and I think just our views finances are using debt are very different and so that that's my primary red flag is it because you thought it or the different because he lied to you? I don't think a little bit of both. So I think you know I getting out of debt is. A huge deal for me. I'm so excited I. You know I have a PhD I had a lot of day out of getting out of my doctoral program and so now I'm finally there I tasted I taste the freedom. And I think his the way he accrued debt was in his twenties. We're both were older now or both thirty six and he accrued through traveling and backpacking playing. And so I and and I he has about forty four thousand student loans as well. So it wasn't all fun and Games but You know, I think there's just a fundamental difference in the way we think about finances and yes just the fact that he wasn't transparent is an absolute issue as well because so. It may be because he maybe, I'll cut him a little slack. It's possible. The guy like this. He wasn't transparent because it just doesn't matter to him. I think that's a lot of the case. I don't think he overtly lied thing. That's. Malice or something here. So have you got set a date for your marriage. We had to date for February, and now You know we've been going through the. pigging out options for the building the House and stuff, and it's been very obvious that he wants very high end materials I mean there's an expectation that I'll put down twenty percent of the down payment out of my money. Though for me, I'm just I. PUT IT on hold. So we're the household end the marriage on hold. we put the marriage on hold and I'm not sure what I WANNA do about the house right now. Okay. Well, the house would be he's your and more important put on hold not more important, but I mean that should have been on hold before the merge put on hold so. Revealing, the other stuff in my opinion. So yeah. Okay. So John Jump in here. Yeah I WANNA I wanNA start there with the house. Don't continue buying a house with somebody that now you're wondering if you're gonNA spend time with them for the rest of your life because. Going into a joint home purchases going to complicate that separation down the road significantly the second thing is is going back with Dave said. I think you need to sit down and be direct with him about what your values are and about your. Confusion or frustration with him having about twice the debt that he had and your expectations moving forward as a couple doesn't sound like y'all have dreamed about what's going to look like because you're building a house and you still aren't fully formed there. So you can try to play house a little bit play dating little bit think about marriage a little bit and you gotta get these priorities in order now the thing is when I first started teaching this stuff casey. and you can share this with him as well. I thought I was just teaching people to get on a budget and I was forcing couples that were married from a practical standpoint. It's just much easier tactically to handle money when you have one account and you have one budget and you're both working together, it's just easier and what I didn't realize was forcing them to dream together. I was forcing them to face their fears together. I was forcing them to do life together. And when you've got different views of handling money, it's not the money that matters. The money doesn't matter. But what it's exposing is that you value different things you have a different dream a different way of looking at the future or you look at the future, he doesn't or vice versa and so what what's revealing here is that Your values are are substantially different and that's reflected in the money, and so you get comfort from You know being out of that and saving money he doesn't even address. The issue is the ultimate free spirit backpacking through Europe and running up debt. You know there's nothing evil about that. That's just a that's one story of people's journey how they get there. But then the point is if you're going to be married to someone you got to be able to give and take between the two of you and say, okay, we as a couple are gonNA develop a money philosophy and we're going to develop a Philosophy on how we deal with parents, and we're GONNA, develop a philosophy on how we deal with kids and we're GONNA develop a philosophy on how we deal with religion and if you don't do that, you're not going to succeed in your marriage all the data points in marriage statistics and divorce statistics tell us this and so in thirty years of sitting at this desk I've observed at Tom Again so I think this is salvageable. Absolutely I do but I think it's GonNa require some strong handed pre-marriage counseling that forces both of you him to get a little bit more responsible and utilizing up a little bit. Forces both of you to the table and go. This is what I value and if you're going to completely poop on it, we're not supposed to be together. And it can. Can I tell you somewhere where I heard you speak who I think you could start with your own heart. Is. It sounds like a part of you thinks that the debt you accrued was good debt because there's going towards school. Your fancy now your doctor your rock in the world. And his debt was not good that. So there's there's this he was the irresponsible backpack riot. So when you're judging him when you're already come to the table as though, Hey, I've made better choices in you you've made let. I want you to like. Approach him on equal measure. You're both going to the same relationship. You got stuff you're gonNA bring into it in your backpack. He's GonNa bring stuff in his and you've got to start an equal footing decide where you want to go and build a house or buy a house until you've been married at least. -absolutely at least a year. Just. That whole then dumped the house dump the house deal completely. And and. You know take the time and do pre-marriage counseling by the way. Again, there's all kinds of data that says if you do in depth pre marriage counseling, you have an eighty percent more likely chance of having a successful marriage that doesn't end divorce. Because what happens is they'll run a good in-depth coach like data counselor will end your relationship before marriage. Or they'll bring you together and your marriage is GonNa be healthy and you learn communication tools and give and take and you lighten up and he Sirius' up or whatever. The right Fraser's it gets. You know he gets the more responsible. Grows up and you come together and that's what can happen. It can be a really useful process. In the lobby of Ramsey solutions on the debt free stage somebody's whether it's Tom's weather's hey, tom how are you better than deserve? Sir How are you welcome? Where do you live Sir streator Illinois. Welcome to Nashville and all the way here debt free screen. Yes. Sir. How much have you paid off Tom? Forty, eight, thousand, five, hundred dollars. Hundred Twenty three months forty eight. In twenty three months making what kind of revenue income roughly. Started at fifty thousand and currently up to sixty seven thousand. Cool. What do you do for a living? I worked for a trucking company as a manager of operations. Cool. Okay. Show in two years basically you paid off twenty five grand a year roughly man you've been on beans and rice. Getting after Sir well, done very well done. What kind of debt was the forty eight five, the vast majority of it was student loan debt. I student loan debt a little bit of credit card debt and the remainder of a car loan that I had. So how long ago were you in school? I graduated in May of two thousand twelve. Okay. So. We may had her own spare bedroom at your place. For almost a freaking decade just about. Yeah. Just about what was the wakeup call? What happened twenty three months ago? Well, actually Mike anything kind of starts before then I originally graduated college with about seventy five, thousand dollars of student loan debt and I didn't quite get a degree in lefthanded puppetry, but it really much wasn't much better than that. You want to share. Music merchandising the miners use technology minor and marketing. Okay. Wow. Okay. So and I am usually got out of school selling cars. Okay. So I wasn't quite what I wanted. Something like that but I just. Automatically as I was graduating I knew that this debt that I had my student loan debt just was not just never comfortable with it as time to paperwork and like there's some in my gut that's telling me I shouldn't I shouldn't be doing this. So when I finally graduated college I, saw this massive, you know five grand and said, Nope, this is getting out of my life I don't want this anymore this is going to ruin it I needed stop. So I got to work to work and started paying off paintings off and I was about a sharp as a sword starting to go through it and became bought his dulls butter knife by the end. I had gotten to about about forty five and just quit Y- just about I was pretty close to it and yeah then here I am got Kazakhstan. How'd you meet? How'd you decide to do at twenty three months ago something clicked it did change. Actually. Discovered you. Oh, so I was on the way home from Duluth Minnesota and stopped at a gas station and as walking to the bathroom I see this face on my left and I turn kind of jumped a little bit and it was a picture of you actually it was the audiobook of the Dave Ramsey show told him on makeover me what am I doing it in a gas station? See Gestation bathroom out. Quite. Okay. All right. So looked at the price it wasn't that expensive I like Oh. You know what I've been feeling down. You know why not go let me give it a shot. The rest of the six hour drive home listen to the total money makeover audio book and it was amazing because you were talking about stuff I already believed in I. Just didn't really know how to vocalise and the other part I related to. So wow, this guy sounds exactly like my dad with a southern accent. All right. I guess I can work with us. So listen to it. Prayed about it start. Went down the rabbit hole. debt-free screams and prayed about it and decided to go for it. That was may of two thousand eighteen use the book and the Youtube stuff new get you're going. Very cool. Very cool. Wow proud of your Mansor and obviously your Dad Momma. Proud of you. They came down to cheer you on the dish. Scream they did very nice day They were my biggest critics turned into my biggest supporters. Because I I actually got the Dave Ramsey show podcast. Put On my dad's a smartphone and He actually enjoyed it and my mom and dad enjoyed it so much that they were actually here for their entreleadership events back in November yeah. Ventured out at the time. Yeah. Well, very cool. Very cool. So they were critical of you starting this process originally and you converted them sort of. You said I sounded like your dad but with a southern accent, you sounded like it but just did wrong order is home. Okay. Him Out on. Good. So it was pretty much. You know hammering me about investing retirement but. No I need to pay off his debt. Okay. All right. Very cool. Well done. Thank you and now they now they're cheering you on and here to cheer on your debt free, scream and. Now that you did this. I can't even believe it. I can. But it's it honestly feels like the way to the world's been taken off my shoulders I mean I just remember just being just. Just, being down at work and just feeling like I've got a ball and chain at right around my neck and It's and it's dragging me through wearing me down and I almost feels light of other. It literally is emotional. Pick me up. I. Love. It changes everything changes everything. So with Dr John Sitting here with a PhD in higher? Education. I'm curious. How did you select? And what advice would you have for someone looking at a nuanced degree that because that's very Very. Specific. Nuance degree music merchandising as her which twelve years ago included CD's tract, and they actually sold CDs in stores at that time and so merchandising music today would be all digital obviously are virtually almost all digital and virtually not a good word to use now but the. Anyway. How did you select that degree? What was it? They'd go what's going on in your head and what advice would you have for someone that had an interest in something like that because obviously if you had to do over wouldn't do it. Yeah. EXAC on way, but we'll be one is slow down. Slow down high was when I was a hot head when I was younger admittedly and I just kinda rushed into things not really thinking of all the consequences I did I did what my heart told me to do and not what my brain told me I probably should be doing and really where you need to do is kind of do a conflict kinda combination of both there has to be some common sense along with along with doing what your heart tells you So number one is slow down number two, surround yourself with people who have gone through it on her be. Can Give you advice to do it free 'cause I mean I was brought up in the generation of of this is just what you do. You take out student loans you go but just yeah and don't go to private school. Don't school. Okay. All right. Cool. Well, that's that's good information than so well, Don thank you. Sir well done. Now you've been through total money makeover. You've been down the Youtube Wormhole what advice you have for someone's listening. This is their first time to see a debt free scream or to hear a story like this what should they do if they want to get out of debt? You can do it. I am a bright, but I will mentally I am not the smartest person in the world. You can do this. Turn me on when David had his moment at where he told the cameras he told and said you you in the audience? Yes, you. You can do this. Believe in yourself. You can do this. It's GonNa take work. It's GonNa be hard. At. The end of the day. It is so so worth it You, our own beans and rice for twenty. You didn't have a life for twenty three months and but your free now I am free. Now when you do anything you wanted to. Daniel. Very, very well done. All right Tom well done sir forty eight, thousand five, hundred dollars paid off in twenty three months making fifty to sixty seven countdown. Let's hear a debt free scream three, two what. Area. Well done sir. Oh Darn. So I never. Thought I mean we've talked so much about student loan crisis. We've talked so much about higher ed stuff over the years but I never thought about the we make fun of left-handed puppetry or be stacking underwater or whatever, and these things come up with these crazy degrees that nobody has a use for but I never really thought about the idea that a general degree like just a marketing to reverse marketing degree for certain thing. Had so much more application, just a broader brush right and if most colleges you can take a couple of cat cognate courses. They call them that you get those specifics that you love, and you can still go out and do a wide range of whatever that is in the field right now without them degree being shown nuanced itself now very interesting. This is the Dave Ramsey show. You. Dr John Baloney. Ramsey personality is my co host today here on the air we have launched his. PODCAST, which is I call in format like this show is so you can call and talk to him. It was number one. As we launched, it came out number one in the health and fitness center section is that what it's called. Did very well, you can email John and be a part of that podcast and ask John Ramsey solutions dot com, or you can call and leave a voicemail. They'll make you a part of the show meaning they'll call you back and set you up as a caller like you'd be caller on this shows how it would work and here's the number to do that eight, four, four, six, nine, three, thirty to ninety, one, eight, four, four, six, nine, three, three, two, nine, one, or email, ask John. At Ramsey solutions. Dot, com ray is in Miami. Hi Ray. Welcome to the Dave Ramsey shop. Hey. What's going on Dave Nice to meet you you too man how can we help? I'm in dire straits I'm a registered nurse, my wife, and I just recently had. A set of five month old twins I have a five year old and. She just lost her job because of obviously there's a situation and the only over in life is to have a house. We are highly in that and I never going to be able to give that to her the way things are going. But I have about eight thousand dollars right now in credit card debt and interest rates are all above you know twenty percent. Why because I did thank let's see about ten years ago and I'm trying to get back on track and somehow getting back into this. That because of you know covert and the twin been. So my question to you is that these credit card that that I do have accumulated? Should you think that? I, just close out these credit cards don't even think about them pretend that they're not there meaning I don't you know use them pay them back? Because I feel like as a counselor open. I'm scared. I'm GONNA keep using them because we are headed down. You know vicious pattern with this. How old are you? I'm thirty seven powder the twins. Into five months Twenty twenty, it's been a big year. When you're twenty it's been very, very big year my my. Started school he has developmentally delayed problems also so. She has to be home with all three of these kids and you know we were living on incomes. But now it's just me and as a registered nurse I duNno that salary but it's not great. Not Enough. It's it. I hear the fear in your voice. and. All that all that means? All that means is that you're a good dad. And you want to do the right thing for your family and you don't know exactly how to do it scares. Yeah and that's major good man. So So help you I want you to go through you and your wife want you to go through our class. I'm going to give you a one year membership to Ramsey, plus which gives you access to everything financial peace university. what you end the everydollar budget and you and your wife both of you to go through this if I give it to you, free you both have to do it. Okay. That's Absolutely. What both on board with this we're both now bitcoin this then the second thing is One of the things you're going to get out of that is that we quit using credit cards completely and you cannot close an account technically while you still have dead on it, they're not going to close it out till you pay it off but you can. You can definitely get out the credit cards and have a symbolic closure tonight with your wife after the kids go to bed, get the scissors out light a candle have plastic surgery. A nurse knows how to do that right at the table, right? Shop those puppies up and yeah, you quit using them. You never use them they cannot be a crutch. And here's the good news. You are the answer to your problem. the bad news is you Are the problem. Yes Sir grew at my house. That's true at John's House. So Cova didn't calls it. The twins didn't cause it. You guys were irresponsible disorganized out of control freaks before both of those things happen right? Yes. Sir. All right. So we get the mirror out and go okay you are the solution. And you were the problem that's what I did at my house when I went broke dude and I was twenty eight. And I had a brand new baby named. Rachel. And I was scared like I hear in your voice. So I'm not picking on you just loving you all right now I need a wakeup call man. So you know you already wakeup call for you call me. I'm just confirming, but the deal is I don't want you want US language where you blame covert or you blame the the coming of the twins or something you guys were mess before this just exposed it. and Warren Buffett says you can tell who skinny dipping when the tide goes out. And so that's what happened here. Okay. You just exposed. You know when when you stress test stupid. It comes up stupid and that's what's happened. You're you're stupid that you were doing got stress tested. What happened to me to do exactly what happened I was dumber than you. I, did it with a lot of zeroes on the end and only completely belly up you're gonNA make it on I'm. I'm talking like seven figures of them but anyway the. So. You're GONNA do great and you're going to be able to turn completely around and There's something that happens when someone reaches that point that they're ready and. I've been there too I've been there to my little boy years daughter was Rachel Milo boy was hank and I remember that frozen moment. Thinking, what have I done I? I only had six zeroes, but it was a lot and it felt like the whole house it on my back. And I've got one job on planet Earth which is to love my wife and one job on planets, which is a love that kid and I had shackled us to so many different concrete blocks and throwing them into the lake man was just struggling to tread water I don And the other good news ray is, is that you're registered nurse that's not a curse that's a blessing. You will always have work and if you want extra work, you can always find extra work if you're not being paid, well, you need to look for a new employer because you can get paid well as a registered nurse. You can make some money and so and you work more than you're working and beat your way through this center down to. One income, and so you're GONNA make it. You'RE GONNA turn this around. You're GONNA be doing a debt free scream someday here on this show, you're going to turn the whole process upside down I'm proud of you. You'RE GONNA make hold on Kelly's going to pick up and get you all signed up for this whole thing Larry is on the line Larry is in Omaha hi Larry Welcome to the Dave Ramsey show a little short on time go straight to your question. Sure Dave thank you and Jon for taking my call. Sure we personally are set I'm seventy, three, seventy I've been following your principles before I even knew you. So we are financially set. My question is about my son he is going to lose his house. He is totally financially incompetent. We've tried to talk to him by example, by words he and his wife earlier this up that we have to have separate finances she will not get on board with him refinancing the house. She doesn't want her name on anything he does. So they're gonNA foreclose the house. My question is I've I can buy the house outright they only got fifty five thousand left on the House I can buy it or I can get a loan and take over the loan that way but they just don't and they rent some me he doesn't WanNa do that he doesn't WanNa rent I'm saying well, you can live under the bridge then says the case was your suggestion here should I just let them live under the bridge or? And right now is an added. they have a mortgage specialists paying one hundred dollars a month for his stupid advice. I've already given them and if they do themselves. So what is your suggestion if his wife is unwilling to join in finances assigned to keep her own home under her than she is losing the House not you? Yes. Is. Willing to his unwilling to rent the house back. He is losing the house not you You didn't do it I. said I said I'll buy the house, but she does not live. Here she is out is what I said she does not run for me she is out if she's not willing to. put her name on your. She is out of the House. And close to that. Anyway. So it's no big loss well there I'd be careful about getting in between your son and his wife or true I agree. And that that may cost you down the road if they end up reconciling and you've you've put a thorn in something sometimes, you say some things that you can't give back. Yeah I. Agree with that. I would I would wash my hands of it and just stand back and say I. Love You guys. If you need some help with food or something, I'll help you later but I can't help you with the house because. All the stuff you're doing is not anything that I can do and I'm sorry. Yeah I would let natural consequences take. There's too much going on here. You can't fix and they're unwilling to address. and. So those are those are two reasons. God let this go. It's very painful to watch people you love these stupid though. happens to all of us. This is the Dave Ramsey show. Dave Air, we just launched up Moran New Survey and we'd love your feedback. You'll be entered to win a one hundred dollars. Amazon Gift Card no purchase necessary. Take the survey at Daveramsey DOT com slash survey or text survey to thirty three, seven, hundred, nine you like you're in a Rut and living live just going through the motions build confidence in yourself and learn to trust the God who created you check out the Christy Wright show where Christie inspires you to breakthrough your limitations and create the life your brow live live. Hey all I'm Christie right. You know it's so easy to feel stuck. You live life just going through the motions doing dishes, doing laundry, Carpool lines, and a whole list of commitments that bring you know joy. We live like that. That's why I want you to check out the Christy Wright show each episode will help build confidence in yourself and the God that created. You're more from the Ramsey network including Christy Wright show wherever you listen to podcasts. Hey James producer of the Dave Ramsey show this episode is over but check the episode notes for links to products and services you've heard about during this episode. Thanks for listening.

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The opioid trial in Oklahoma everyone is watching

The Daily 202's Big Idea

08:12 min | 1 year ago

The opioid trial in Oklahoma everyone is watching

"The daily duo two is big ideas. Sponsored by the American beverage association. Coke, Dr Pepper and Pepsi are offering more choices smaller portions less sugar. Learn more at balance US dot org. Good morning. I'm James Holman from the Washington Post. And this is the daily to two for Tuesday. In today's news green parties when kingmaker status in European elections. President Trump says he's not seeking regime change in Iran and Texas secretary of state steps down over his voter purge gone wrong. But first, the big idea, the first state trial of the opioid epidemic begins today in Oklahoma and families that have lost loved ones to overdoses see a chance to finally hold the big drug companies to account Gail box will be following the trial closely, but she can't bring herself to come to the courthouse. In Norman the city where she last spent time with her son Austin in may twenty eleven when he graduated from the university of Oklahoma five days after that he was unconscious in a hospital after an overdose with five different prescription painkillers and anti anxiety drug in his bloodstream he died. That day he was twenty two years old boxes convinced that a stiff financial penalty against drug companies will provide accountability for her son's death as well as providing the treatment and other services that substance users need much has changed since Oklahoma attorney general. Mike hunter sued three drug companies and their subsidiaries twenty three months ago alleging that they're responsible for the score JR. The central character in the democ Purdue pharma has settled with the state for two hundred seventy million dollars and will not be on trial in judge Thad Balkans, men's courtroom on Sunday. A second defendant TV pharmaceuticals settled out of court for eighty five million dollars. The state has dropped all, but one accusation against the remaining company Johnson and Johnson and is pinning its strategy on very novel use of Oklahoma law, the single charges that the drug company created a public nuisance of violation, historically alleged, when one party's activities negatively affect others, like a neighborhood crack house, or a factory that pollutes a waterway in this case, Oklahoma is seeking a penalty to abate the crisis alleging in court that it will take as much as seventeen and a half billion dollars over the next twenty to thirty years to compensate for the damage. That's been done. The companies say they responsibly marketed legitimate. Non. Catis that were approved by the FDA to quell pain. They say they can't be linked to deaths from illegal abusive those drugs, John sparks a lawyer for Johnson. And Johnson said he's confident that the company acted responsibly and he points to efforts made to prevent the products from being misused with judge Bachmann refusing to delay today's court date, even after TV pulled out Oklahoma's case will be the first of more than forty state lawsuits to actually come to trial. It's being closely watched elsewhere, during two years of pre-trial battles the number of people who have lost loved ones to opioid overdoses or seen lives ruined by addiction has steadily grown larger in Oklahoma and elsewhere. They are among those most interested in the outcome as Bill guy, an Oklahoma, teacher's union organizer, who's thirty four year old son. Chris died of a heroin overdose in two thousand sixteen put it to my colleague Lenny Bernstein. It's a club. No. Nobody wants to join. And that's the big idea here are three other headlines that should be on your radar number one. Green parties are cheering e you election results that vaulted them into king-making position of power as voters abandoned traditional political parties in favor of climate focused activists in a green wave that swept across several countries. The results propelled, the greens into second place in Germany and third place in France and elsewhere, amid a surgeon excitement from young voters who faulted old school parties for Norring their concerns about the environment and offering few alternatives for generation beset by economic pain. Following the global financial crisis in an election for the European parliament in which far-right anti-immigration buccaneers also gained modestly to post their best ever result. The good showing for the greens might have the biggest impact on policy, the center, left in center, right parties that have long jointly ruled the parliament have lost their majority. Meaning they will need to depend on greens and other centrists to advance their agenda, the far right? Meanwhile, captured about a quarter of the seats that's up from fifth just enough to entrench. They're angry voices of protest, and cause, trouble in the legislature, but not enough to actually enact their agenda in Britain voters embraced the parties, who took the clearest stances on Brexit in the EU elections. Nigel Raja's single issue. Brexit party was the clear winner of the elections with the potential to impact the race over who becomes the next British Prime minister, the pro e u Liberal Democrats and the greens made significant gains as well. They have a simple message on Brexit. Stop it. And this is key overall support for all the parties that are unabashedly pro-european was slightly higher than those that are pushing for a hard Brexit. Bottom line Britain is as divided as ever number two. To defying his own advisers during a news conference before he left Tokyo to return to Washington Trump on Monday denied that North Korea has fired any ballistic missiles, he again sided with Kim Jong UN is well over former vice president, Joe Biden, after his democratic rival was branded a quote, fool of low IQ by North Korean state media for calling the North Korean leader, a dictator at a joint appearance with Japan's Prime Minister Shinzo ABI Trump gave cover to Kim as he directly contradicted his own national security adviser, John Bolton as well as Ave by insisting that Pyongyang had not launched ballistic missiles, this month or violated, UN Security Council resolutions, which the Japanese in the American government have repeatedly said when pressed on this point, the president added that he was not personally bothered by North Korea's short-range missile tests, this month. Trump also insisted that the United States is quote, not looking for regime change in Iran. You know, the deployment of fifteen hundred additional troops to the Middle East over the. Weekend. Number three, Texas has acting secretary of state. David Whitley was forced out last night after leading a botched voter purge that wrongly identified tens of thousands of naturalized citizens as potential non-citizens who were illegally registered. The Texas State Senate failed to confirm him to the position by two-thirds majority on the last day of legislative session. Whitley a former top aide, do Texas governor Greg, Abbott or Republican spent less than six months on the job. He revealed the results of his voter investigation in January, pushing unsupported fears of rampant fraud while emboldening Trump who touted his findings it turned out. They had made basic programming errors, which pulled about twenty five thousand totally legitimate voters into their dragnet numerous voting rights groups sued on behalf of threatened eligible voters in three separate federal lawsuits in one of them a federal judge in February blocked, Texas from carrying out what he called a ham handed and. And threatening voter purge effort. He said there was no evidence of widespread voter fraud in Texas. And that's the daily to two for Tuesday may twenty eighth. Thanks for listening. I'm James Hillman, I'll talk to you tomorrow.

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DAVE RANT: Are You Better Than You Used to Be? (Hour 2)

The Dave Ramsey Show

40:29 min | 1 year ago

DAVE RANT: Are You Better Than You Used to Be? (Hour 2)

"Live from the headquarters of Ramsey solutions broadcasting from a dollar car rental studios. It's the Dave Ramsey show work. That is dumb. Cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey your host. Thank you for joining us. Open phones at triple eight eight to five five to five. That's triple eight eight five five. Two five tyler starts off this hour in Pennsylvania. I tyler how are you dave? It's an honor. I'm doing great. How about you better than I deserve? What's up as good. Yes I just had a quick question for you my wife and I both been through. Fpu and we're on the same page about paying off debt. She worked real hard to pay off her smaller debts. And the only thing that remains is a big old student loan for sixty four thousand and our question is what of our existing assets. Should we use to put cords that I was on baby steps. Three prior to my prior to marriage and my wife also had her emergency fund. So we now have a collective emergency fund of ninety. Five hundred Do you think we should put that towards the debt and just drop it under with thousands. Yup that's what we teach. We're GONNA use everything that is non retirement money to throw at big old fat Sallie Mae and kick around the house. Give her her victim notice. What's your household income I'm pulling in forty and my wife thirteen so a total of fifty three okay and you said how was the student? Loan debt sixty four. Yeah Okay and so if we throw eight thousand at that that gets US down into the fifties and we should do that in a little over two years plus or minus any other money you got. You got some other money. Yeah that was a couple of the other ones. I was wondering too big one is I had a mutual fund. My grandparents started for me when I was a kid And from what they started with plus a little bit I've added to it sitting at just over twenty three thousand great throw at it. That's going to be a painful one but you suggest you married her. I suspect she's worth at brother. Oh yeah she came. She came with a or the debt. And that's okay. That's no big deal. We're just getting out of debt. Because here's the thing I think about your GRANDPA and I think is he alive. Yes okay I think he'd be proud that you were getting out of debt so that you could build wealth. I think he would. Yeah I agree and so you'RE NOT DISHONORING. The gift by doing in that sense it's not painful But it is. It is something to give you pause and you're wise to think you know. Gosh do this. Here's the thing. If you do this you have to play through. Meaning you gotta finish knocking it out and then you gotta turn around and build the wealth up okay. Because you don't have this thing hanging over your head otherwise you're trying to drive along dragging a trailer with wheels you know. And that's what you're doing when you got sixty thousand dollars student loan debt Megan fifty five grand and you're trying to become wealthy. You're you're not. You're just dragging style. You're dragging a boat anchor behind you right and so we got to get got. Cut The thing loose. So that we're free to drive with no friction and doe to bill wealth with friction and that. That's what this is. The borrower is slave to the lender that means so many things. There's so much depth to that one scripture that it's unbelievable the whole implications of slavery. So had it do. That's what I would do in any other non retirement assets. You have a chunk them on that and let's get rid of it as fast as we can. I think you're out of debt and a year so it sounds like to me but you're on beans and rice rice and beans that year. Chris is with us in Colorado Springs. Hi Chris how are you hi? I'm good thank you? I am calling because Recent widow and my husband's gone and gone for when you're sorry and I have twin three year old Excuse me still gets me when I talked about but My husband left Slash Insurance of four hundred thirty two thousand dollars and I'm trying to figure out. I own my car that I don't own the home and a friend of mine who follows you. Said he thought it would be a good idea for me to try to pay the house off. How much do you want your home? So I hope Oh Two hundred. Thirteen thousand on it That would be the only to Nineteen Roy. Turner in nineteen thousand to invest. And I'm thinking is that enough for me to live on my life cold are you. I'm sixty seven. Okay all right and are you. Do you have any other income sources just my social security. And what does that amount to It's twenty to sixty four. A month might see that comes to. That's fine yeah. Twenty Five Twenty Six thousand. Yeah all right okay and What are you living on now? What's it cost? You live a month now not counting house plant about anywhere from thirty six to two thirty nine including the house prime and hundred including okay. Yeah so if you didn't have the house payment then you can get close to live on your social security if you had to right now. Okay all right well. I'm sorry. How long have you guys? How long were you guys married? Twenty five years. Wow good that rips your heart out. I can't imagine I'm so sorry now. Here's the thing I don't know if you had a paid for home. What's the home worth I other praised him. I was told it was going to be pretty trailing ten but appraisal is three hundred ninety. Seven hundred thousand dollar house paid for and you'd have two hundred thousand dollars invested okay. If I woke up in your shoes as the way I answer these questions. He's been gone a year right so while it still hurts and it's very recent. It's still a year ago because I tell people not to do. Tell people not to make big decisions in the first year because it takes about a year to even breathe in a situation where you're okay so if I woke up in your shoes or you're my little sister I would tell you to pay off your house today. Let's let's talk about where that leaves you. Then you're sitting in a paid for four hundred thousand dollar house. You have two hundred thousand dollars to invest. The two hundred thousand dollars could create about fifteen twenty thousand dollars a year in income easily without touching the two hundred income. It Creates Okay. That on top of your social you should be okay worst case scenario. If you're not okay you sell the house and moved down into a nice little two hundred thousand dollar condo. Then you got four hundred thousand dollars to invest and a forty thousand dollar income to go with your social security and you would be okay but I don't think you're GonNa have to do that. That's if you had to or you wanted to because the house became more to manage than you wanted to manage so I pay off my house and I'd sit down with a good investment professional if you need some help then jump on Ramsey dot com and click on smartvestor and put in your information a list of the smartvestor pros in your area that we recommend for investment advice will sit down with you and help you. I'm not in that business. But that's who I recommend. This is the Dave Ramsey. Show folks I don't have to tell you what your student loan debt is doing to your budget. Get read of it. Go TO SPLASH FINANCIAL DOT com slash Ramsey and see if you qualify to refinance your loan to a lower rate. Unlike other refinancing splash has no fees. I'm talking no application fee. No closing costs. Not even an early payoff fee. And if you qualify you'll get lower rates to help you get out of debt faster. Sounds like a no brainer to me. Stop wasting time. Go TO SPLASH FINANCIAL DOT COM slash Ramsey. Check your interest rate in minutes and see if you qualify Jenny Waco access. Welcome to the Dave Ramsey. Show any my call. Sure fucking to help. We're going baby program among We have a third car because her husband's a new beginning of the year that he got a company car for and that car that he used to drive is upside down Extremely bad it is our largest debt. Thirty four thousand. We have an opportunity over the next three months to be able to pay Seven thousand dollars on it and our inlaws. My in laws offered to pay ten thousand dollars so that we could trade or turn that car into. Carmax and I just didn't know if that's the best opportunity to get that large debt off or do I stick with snowball so the ten thousand dollars is coming from your inlaws gift. No allow not a chance. We do not borrow money from relatives. Okay no absolutely not seven thousand dollars upside down in thirty four thousand dollar car. Eighteen thousand upside down so the car has three four owed. Yes how did you get that far down? You must have rolled negative from into it. It was yeah It was at a steak on a car purchase but We were not told that it was a salvaged car. And so we had to get rid of it. And it just snowballed from there. It was a bad mistake. You took a bad mistake. I made it worse. Yep Okay Wow so. It's your household income hours in its sitting. Monthly income is seventy three twenty five hundred thousand dollar a year income. Roughly one hundred seven hundred twenty thousand income roughly Yes it just. It would take a six hundred and fifty dollar payment off plus probably have insurance and that we could be able to roll. Start Rolling really in. Dr Debts owed our inlaws before. And I don't care there's no way ever GonNa tell you to borrow from inlaws ever okay. The borrower is slave to the lender. And you you just run all. There's no upside to that. Only downside Can't be the nicest people in the world thanksgiving? Dinner didn't taste the same when you eat with your master Or I much other debt. Have you guys got? We've got about one hundred and five total including that car including thirty four and what's the rest of it's Bad decisions were then. We were living too high for our. So what's the rest of it and on One more car It's it's just. It's not an expensive car. We just want it. We bought it and then I would say just not credit cards but loan debt so you just have sixty thousand dollars and fifty thousand dollars personal loans. Okay so the other cars ten grand or something on the other car is sorry Fourteen you have the ability to get a personal loan for the whole that you're in now. We tried because yeah we tried. Who is the loan with on the car car it is? I don't I don't know that one because my husband stays that that bill donahue twists. I'm sorry that's okay. Yeah you need to combine your finances from this point forward going onto so that you both know what's going on With all that donahue he pays that's all I know what it is. I just don't know what he paid. He does the pain part and I do the budget part so we both have a hand. I mean we. Is it a bank or do you have any idea? Thank okay. Is it a local bank that they would work with you on the deficit. Let you sign a note for the difference. We had tried. I've tried listing Linda. Yes we've tried. Everything was their only option was to get the ten thousand from his parents and they just won't give us before amount because they don't think we should sell it for that cheap. They think we should try and sell it though what other people could tell us where. I agree with that. There's no panic here. There's just a lot of disgust every time you look at it sitting travel you feel stupid So but that's not. That's not a panic. There's nothing I mean show. I agree that you should sell the car for more than I do. Not Agree would ever have you borrow from them so what I do. Where was the seven thousand coming from our income? Oh no no no. I thought you said there were seventeen and they were going to loan you ten and was the other seven coming from. I have well. I get an extra paycheck this month so between this month and the next two months we can pay that towards it to get it to where we can just clean it up at Carmax with paid for it and I'm not do not sell it for Carmax but sell it for twenty two instead of for eighteen or twenty four instead of for eighteen slow sale. But don't do that until you've got the money lined up and it sounds like that the money is GonNa come from you saving up the money to do this and if you want to do that before you start really attacking the debt snowball. You can but You know it's not the end of the world either way but I you know. I don't think I've talked you out of it. But there's not a chance on bar on the money from You've got to quit borrowing your way out of these things and you know your your in-laws at your age loaning you money. Oh my gosh you got to stop this. It's just a bad practice and you're gonNA it's GonNa Bite you these days. They're so they're so many control things and so many things that happened with that stuff. It's just a bad idea. So yeah if you want to stop your debt snowball and just say we're going to get rid of this car and cover the difference in the next few months and then start officially started at snowball. You could do that if I were in your shoes what I do that I might because you've got insurance issues and you've got a six hundred dollar a month payment clearing up. It might be worth it to get that out of the way. And there's such a level of disgust around this particular purchase. That was a bad purchase rolled into a bad purchase rolled bad purchase. But don't give the car away for wholesale. Don't panic I mean you know five thousand dollars a lot of money in your world alright now and five thousand dollars more getting for the market for that CAR RATHER THAN CHARLOTTE. Carmax is helpful for the situation and it lowers the amount that you need to do this. So yeah that's how I would look at it. Thanks for thanks for joining us. Mike is in Houston Texas. Hey Mike how are you? Hey Dave how do you use? How can have quick question for you when you're not quick we'll see I guess but I've got a son that's been turned sixteen at the end of the year and It's got me thinking about buying a car. A third car for the family and in the process of this I came across a side business idea and that's joining the peer to peer car. Rental business you know by by car put it out. There for went and hardy considered all of the liability issues with that. But here's the thing I would. I got I've got three options for this and we're doing the debt snowball right now. So we these three options out there and get your opinion on so number one. I can just abandon this idea. Altogether paying down the debt snowball check. Okay number two number three. You need to hear him. You know what they are. I'm not doing peer to peer. I'm not putting a car out there. Someone else driving a car that is in my name. This is. There's so many downsides to this that don't offset the little bit of money that you get coming in I mean peer number two that runs. The car gets drunk and hit somebody head on in a car you own. You've got a mess on your hands. I don't care how much ability insurance you've got. You're not hurt and I just. I think this is a really really dangerous practice. The chances of me doing that are Z. Ralph thanks for the call. This is the Dave Ramsey show. You've been working hard to get control of your money but if you do this one simple thing that we all do. You are literally at risk of being hacked and someone stealing what you've worked so hard for. Do you ever use public Wifi? Hackers can use a simple device to mimic WIFI and with just a little bit of skills. They can take over your financial life. That's why I trust cyber ghost. Vpn TRY IT for free for seven days protect up to seven Internet devices and keep all of your internet connections secure Download Cyber Ghost. Vpn Today from your APP store in the lobby of Ramsey solutions. Spencer and emily or with us. Hey guys how are you read? Welcome where do you guys live? We live in Elizabeth Indiana. Just across the River from Louisville Kentucky. I gotcha okay. Great t shirts live like no one else with Gazelle zone them. Exter- I love it. How much have you paid off? Seventy Thousand Dollars Seventy K. How long did that take twenty three months? Good for you and your range of income. During that time we started about fifty one thousand and up to one hundred and one thousand. Whoa did you double your income and twenty three months well. Emily started going to work fulltime. And a couple of job. Changes and I my parents opened up a small business and we kinda started working there on the weekends and stuff to kind of make drink and okay so lots of extra work. Wasn't there the year before. Gotcha okay money everywhere though. Good for you. What do you guys do for a living? What are your careers? So we work at the same company. We got Rinaldo designers over doing what I work in sales and he's a shipping manager. Okay great very good. Good for you guys. And what kind of debt was the seventy thousand dollars? It was all our mortgage. You paid off your house Sir. I am looking at where people I love it. How old are you two? We're twenty four. Oh my gosh. You're really weird. I mean you're you're like really big time. Where twenty four with a paid for house. What's this House worth right around? One hundred one hundred thousand dollars paid for house. This is unbelievable. No body this white ago. Thank you go. You guys absolutely incredible. There's gotTa be a story here. So tell me how does this happen? Twenty three months. So you start this. You're twenty two sir. Tell me what what tell me so I grew up knowing about you. My Dad kind of talks about you through our house. We didn't really live by it. But we kind of knew about you and your principles and so I was like I'm GonNa go to college and I'm going to graduate debt. Free payoff semester. You know at a time and so I did that for the first two years and I met Spencer and I kind of told him I plan and he was like okay. We're doing this. So then we did the rest of the rest of my school cash float it then. We got married cash flow that and then we bought a house. And we're like okay. We're paying this off as quickly as possible so we kind of made the Gulf ourself two years and we did it in twenty three months. So did somebody tell you you should do this. I mean not really. My aunt and uncle gave us the book. Complete Guide to money for our wedding and We kind of read through it we. We're not very good at reading just sitting down and reading so we kinda would just read it in the car. She'd read it while driving or while she was driving and so we kind of went through and so we decided to buy the house. Where you know follow your principles put on fifteen year fixed rate and Metro Payment. One more than a quarter of our take home. Pay said. We're GONNA WE'RE GONNA kill it. Get on it. You look up and did you when you bought it. Did you think you would pay it off in two years? Maybe not quite that fast. But once we started going down some chunks of money we looked at it and we were like you know what? Let's set our goal at twenty four months. We should do it. And then December of last year. We were like hey we can finish it this month. Let's do it as a Christmas present. Let's kill it month early. Yeah there you go so emily you were just coming out of school. That's what you getting. The job is is that I was going to school for education so the last semester. I couldn't work at all. And so that's why we were only at that one thousand nine. I got you okay. So then you come out and out of school take the full time job and then both of you working extra and everything else. All kinds of different jobs. Everything just going crazy for a period of time So Spencer. Where your was your family doing this? I mean where did you grow up? No I'd and I mean I never really had even heard you until I started hanging out with Emily and her dad. You know has some of your videos and the couple books and stuff and sounds like this guy seems like he knows what he's talking about so both of you just kind of get your nature to have avoided. Dad I mean you just do. It was a natural thing for you. Yeah that'd probably somewhat attracted you to each other then to wow amazing way to go you too. I mean did you have people I mean it were there cheerleaders in the offing somewhere. I mean people telling you to go on. You can do this and are most people telling you you're crazy. Yeah most people were tariffs on especially her parents and stuff every Every time we go down a couple grand or grand down on the house we'd Tell them about it and they'd like that's awesome. Just keep plugging away at it and keep going and keep going and we're actually coordinators. That were just start. Our second class this past Wednesday and Having that community is really important in Just your accountability and stuff like that. You know the communities encouraging because everybody's on fire everybody's Gazelle intense living like nobody else and then when you're leading it you have to do it. I mean it's like you know it's it's not like a rule but I mean it's like you'd feel weird you'd feel like a hypocrite if you weren't into it you know so this is your second class so most of the time you've been doing this you've you know. Been through a couple of classes during the twenty four months. Wow well thanks for leading the class gotta be pretty inspiring to have your coordinator walk in and go. I'm twenty four. My House is paid for. Shut up really. I think they can go. You know can't really argue with that. This is this stuff works. Wow why didn't go you guys? What do you tell people the key to getting out of debt is? I think he is to just do it. I'm not trying to make a nike commercial or nothing but it is. It's just do it like we were sitting there and we were like could've decided to be like everybody else. And just you know. Spend Twenty thirty years with a mortgage but we decided we were. We were GONNA do this and so literally just not be in that victim mentality. Having life just happened to you. We were going to happen to life and we were going to do it. Now Start Right now where you got an early start. You're going to be so wealthy. It's GonNa be unbelievable if you keep your eye on the ball and keep the thing between the ditches man I mean. You're the math on where you are incredible. Absolutely incredible. Emily. What do you tell a? What do you tell people? The key is pretty much the same thing. Just go ahead and start doing it and then it's just going to get easier from. They're not easy. It is definitely hard but it's just start it and you're GONNA learn it and get an accountability partner. We were both kind of on board from the starts was real easy for US. To keep each other accountable. But if you don't have an accountability partner or your spouse's onboard if you can't get them on board Just find someone who's GonNa stay with you and help you through it. Just walk you through it while you make it sound so simple. What was the hardest part for you? I'll tell me tell me. Something was hard police honestly for me. It was vacations and not even like extravagant vacations. My GRANDPA owns a house on a lake in Michigan. And that place is always kind of been home to me. It's kind of where I grew up going my dad and stuff and we didn't get to go up there as much as we wanted to. Because we you know making a decision that we weren't going to spend that extra money on and then last year we skipped out on a family cruise in order to be able to throw some money house out. So what are you? GonNa do to celebrate. Now that everything's paid for I WANNA buy an ice guitar. Oh good for you. But what do you make one hundred dollars year house payment? Did you buy guitar? Of course you can buy guitar. Show emily what do you want to do to celebrate? I'M WANNA get lay sick. And that's about five thousand dollars so we're just going to save up for another few months and get lay sick and then we're looking at buying are bigger forever home with cash down the line so it kind of just start saving for that store moving towards something a couple hundred grand y you guys are impressive. Year amazing twenty four years old. Wow Wow wow wow. We got a copy of Chris. Hogan's retire inspired book for You. That is the next chapter in your store. You will be in ayers quickly before. You're thirty easy. Oh my gosh amazing. Amazing so congratulations you to Spencer and Emily From Louisville Kentucky Seventy Thousand Dollars paid off in twenty three months making fifty one to one hundred one that includes. They paid off their house. Wow count it down. Let's hear a debt. Free scream three two one man. Oh man you see. I'm a fan of millennials. You've found a couple of them like that. You'll become a fan of millennials that goes there's a whole bunch of fall in that category too. Wow that's so impressive. They get on something they get on it man now if they're not only anything there enthusiastically ignorant too but the ones that are on it man. These like that couple they got dialed in math. That's just dadgum impressive. Very very very well done. This is the Dave Ramsey. Show joining us to what if you never had another debt payment. You never had another credit card bill. You got rid of that student loan. That's been around so long. You think it's a pet never had another car payment. What if you never had to worry about money again? What would you be willing to do to get there more? You'd have to change a lot of stuff for sure. I mean you'd have to take some stupid stuff. You've been doing off your list of things to do right I did. I used to do stupid. Zeros on the end I know exactly what it looks like. I looked in the mirror and there he was stupid. You know you gotTa Change Right. You can't keep doing the same thing over and over and over again. Expect a different result. That's the definition of insanity. Do you change. Well the only way I've ever figured out that people changes you give them new information that they didn't have you put them in a community that walks with them and holds them accountable and encourages them and you show a very clear path for transformation. You don't want to be normal. You don't want to be normal. Financial Peace University is helped about five million people take control of their money and change their lives if you join one of these groups and get a membership that lasts you a year for the online and the everydollar plus to Taty Your Bank and you go to one of the groups and go through the nine lessons at your local church and we'll give you the kit to go through that and you learned to stay on a budget written plan using that everydollar APP the most robust beautiful app out there when it comes to budgeting four million people now using that APP by the way you can try for free if you want but if you want to get in Financial Peace University and do that one your membership and then go to the group. It's GonNa Change everything for you because you can't be. We will not allow you to be comfortable being normal anymore. Check it out go to Daveramsey DOT COM visit Financial Peace University or call triple eight twenty two peace triple eight two two seven three two two three you know. I started talking about this several years ago when I very first started teaching this stuff. Thirty years ago. Start PULLING UP statistics. The Wall Street Journal says seventy percent of Americans are living paycheck to paycheck. That means seven out of ten houses on Your Street. Have too much month left at the end of the money. Normal is a car payment or student. Loan a mastercard or discover card American Express card normal is if I go on vacation pay for it for the next year after. Go on vacation normal. Is Christmas as Crisis Normal? Is the brakes. Go out on my car. The tires go out on my car. It's a crisis normal. Is I have no freaking idea how my kid is going to go to college and I feel like a dog because I've not done a good job prepping for my own kid normal. I don't know how I'm going to retire and I'm really sure the social insecurity is a stupid plan. But I've not done anything about it. These are all normal things. Normal is the number one thing couples fight about in their marriage is money. I think it's pretty safe to say normal sucks. I don't WanNa be normal normal anything for that matter. Normal is not okay and I love that scripture in Romans says be not conformed to this world. Don't be normal. Find out what people are doing. That are not winning. And don't do that. Hello is that. Is that what we're saying? Don't be conformed to this world. Don't do what people that are losing are doing and expect to win. I don't know why that's rocket science but it seems to be in that scripture continues it says but be transformed. How are you transformed? When were you ever transformed? I've been transformed in different areas of my life been married thirty seven years. It's a really good thing for Sharon. She's not married the same guy that married her thirty seven years ago because he was a torp. I'm a lot better person than I watch thirty seven years ago. I'll have not arrived yet. Believe me you can. She'll tell you that straight up two okay. Just don't get her started but she also in a moment of weakness we'll tell you the truth and that is that thank God. Her husband's not who she married thirty seven years ago. Have you ever been transformed? I've been transformed. I'm a better dad. I'm a better GRANDPA THAN I was. Daddy Yeah Papa Dave man grandkids. We're going to be able to be nicer to their parents. Are you better than you used to be at something? I hope so. I hope you're getting better. Or You ever transformed be not conformed to this world but be transformed. Transformation BE TRANSFORMED. How this by the renewing of your mind new information in your brain. She didn't have. That's why a lot of you listen to this. Show you listen for new information and for the inspiration that comes from people that call in and you go. Wow that lady just inspired me. That guy just inspired me that debt. Free Scream just inspired me. You do not listen for the fact that this show has absolutely new content every day because it's basically the same content every day for twenty five years. I say the same thing over and over operator told me the day. Goes you say the same thing over and over and I said Saudi you. You've got one story. You tell it. Every seventy the gospel right. I mean come on I got one. I'm a one trick pony I help. People transform their lives and believe that they can take the steps to not only get away from the edge of the cliff financially but then also become wealthy. And I'll show you exactly how to become a millionaire exactly how to become a multimillionaire and it's not theory. It's proven now. Tens of millions of people here in the last several years have done this last year alone. The debt free screams were over fifty million dollars on this show. That's the ones that were on the air doing. They're screaming and it's a six week. Wait lists to get on the air here and we don't let everybody on if you're still using your stupid credit cards. We're not GonNa let you do a debt free scream. You don't qualify. You Ain't figured it out yet and not everybody gets on the wants to get on the qualifies so there. It's not a privilege not a right. It's something we do to inspire. The listener is not for you for the listener. Be Not conformed to this world but be transformed new information in your brain new inspiration in your brain the renewing of your mind. Renewing my mind. Yeah my pastor does tell the same stories essentially that then you know thirty seven years. I've been going to church. You know thirty five years. I've been going to church and still hearing the same stories but you know what every Sunday. They're different aren't they? Every is another experience with God. Isn't it why go church? I hope I hope we don't go. Because there's some obligation or something you go for the renewing of your mind it transforms you transformed you. And that's what we're doing here and that's what you need to embrace because I gotTa Tell You you don't get transformed by Osmosis you've transformed by you you get your mind renewed and then you change your habits you change your decision you change your beliefs. I you change your attitude. Second then that causes you to change your following your activities and so you change your beliefs about that and change your attitude towards debt and then the action is you get out of that and that's when you get out the credit cards and actually cut them up. That's when you look over and go. I have twenty two thousand dollars savings account and I have a twelve thousand dollar debt. Why am I still in debt? Just because you're in writing the checks only reason you'd be out of that right now at this moment but the if you haven't done that yet that means your belief system is not changed you've not yet been transformed so I still have work to do. Because that's what we do here or all about making you believe that if you plant corn corn will grow so plant some corn that you're going to report you so if you'll take these steps if you submit yourself to a different process than you've ever used before you're going to get a different result than you've ever gotten before if you. WanNa get something. You've never gotten before you got to do something you've never done before in your marriage your parenting your career and your money. Some of you need to just repurpose yourselves at work and say I'm actually going to work while I'm at work. Well there'd be a breakthrough transformational. Isn't it transformational? Your belief system has to change that. Something good is going to happen if you do that. As otherwise you slew the man and you wind on the little men get blame everybody else. I crap because you might have stupid decisions. It's time to not be normal. Normal socks transform. This is the Dave Ramsey. Show James Childs producer of the daydream of show. I'm excited to announce the word now carry on six hundred radio stations across the country to find one near you at Daveramsey dot com slash show. Hey if you've got questions about retirement investing or becoming an everyday millionaire go bigger and broader with my man Chris Hogan on the Chris Hogan show I am excited to be able to talk to you all weekend and week out. We're going to focus on your calls and it's going to on building wealth investing and how to become an everyday millionaire. Subscribe to the Chris Hogan Show wherever you listen to podcasts. Hey It's james producer of the Dave Ramsey show. This episode is over but check the episode notes for links to products and services. You've heard about during this episode. Thanks for listening.

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Big-Name Colleges Aren't Worth the Loans (Hour 3)

The Dave Ramsey Show

39:55 min | 2 years ago

Big-Name Colleges Aren't Worth the Loans (Hour 3)

"Live from the headquarters of Ramsey solutions. Broadcasting from the dollar car rental studios, it's the Dave Ramsey show. Where dad is dumb cash is king and the paid off home mortgage has taken the place of the BMW as the status symbol of choice. I am Dave Ramsey your host. Thank you for joining us. Open phones. Triple eight eight to five five two two five brenda's with us in Las Vegas. Hey, brenda. Welcome to the Dave Ramsey show. Hey, what's up? We'll. Husband, and I have been started saving for our children's college education and with our oldest starting college and just a little over two years. I just feel like we are way behind and I would love to advise on what I need to do what we need to do to properly say for our children's college education. What's your household income? My husband passer. So our actual take home pay is kind of a little bit different. But monthly we bring home a real five thousand dollars a month. And you have to you have kids at what ages two kids sixteen and fourteen. Okay. And how much do you have saved now? In the education savings, we have about eight hundred dollars in our general savings have a little over five thousand dollars. Okay. All right. And then we have kind of fake -ation than savings which right now about three hundred. Okay. All right. Well, basically more saying is is in two years. You're going to have probably not even half of what you need probably not probably not even a fourth of what you need. And so there's a couple things you need to do if a kid wants to go to school debt free and didn't have any money. Or has limited money, and that's we're kind of between no money unlimited money in this discussion. So the first thing is that you need to really get a realistic grip on the number one. Cause of student loan debt is college choice people. Choose a freaking college that broke people don't need to go to. Yes, it my children have a college in mind already. So I to call. Yeah. They don't get to make the decision right there teenagers, they need help. And they need. This thing's called parents because you know, if you participate in the decision for them to go to a forty five thousand dollar your school. You're pretty much insuring. Your child is going to hate you when they're thirty. Because they're going to be looking down the nose of about one hundred thousand dollars in student loan debt. Right. And we want to avoid that where you go to school matters. And so basically these kids are going to instate state schools and or community colleges for the first two years to get their basics out of the way for little to no money at the community college and then finish up than in-state state school. Here's the interesting thing. There's almost no jobs, and almost no degree fields that care where you went to school. I have never gone to a doctor and went I can't let you look at me. 'cause you went to the wrong school. I have never hired. An attorney said, oh, we can't get you'd work on us. Because you didn't go to George Washington. You know, I've never never one time. If I hired somebody in this organization based on where they went to school or didn't go so that garbage is out there floating around, but in the real world, it doesn't exist. Okay. Nobody asks nobody has ever denied your husband position as a pastor based on where he went to seminary unless it was a doctrinal issue indicated by where he went to seminary, but not based on the education. Okay. And so, you know, that's not that's just not the case. So this garbage of you have to go to some big name school or those of us that are Christians. Sometimes my fellow Christians wanna send their kid only a Christian college because it's like they're gonna go to hell if they don't, and maybe they could be salt and light in the commute in the community. Age maybe they could be salt and light in the public college. Because these kids ain't got the money for Christian school. Can't you can't you can't afford unless unless they get hard percent free ride. So number one is college. Joyce number two is they are going to be working while they're in school and before they get school. Did you go to college? I did the work while you're in college. I did. Yeah. Me too. And I came out of college one hundred percent free though, I had no student loan me too. Well, no, I had three thousand dollars I'll take that bag students. But those before I was Dave Ramsey. So. I had hair then. So anyway, the. So they're going to be working number two number three their job right now starting now is to take star taking the ACT and take it again and take it again most schools or now super scoring the ACT which means they take the best of if you take it three times, they take the best science score. You got the three take the best math score of the three that had the best English score the three and they put them together, and it's called a super score. And that becomes a c t score. And then every time you take it you take mentoring and tutoring in between. That's a good thing to spend money on on how to take the test. So that you next time you take it. Your score goes up all three of my kids took the test more than twice. Okay. More than actually I take it twice. Yeah. And and and every time their scores went up, by the way, because we did just exactly we're about. And then that leads us into number four, which is scholarships. They are now in the I wanna scholarship business, and it can be based on their Christian faith, and their mission work that they've done in the citizenship that represents the citizens of the world or citizens of the culture or whatever it can be based on academics. It can be based on. But it's usually just based on somebody's giving away a scholarship and the kid that has the best essay that turns it and gets it, and there's millions and millions and millions of dollars go on claimed every year on scholarships. And so you go to something like my scali dot com or some of these other services that are online and your child needs to fill out one thousand scholarship applications between now and the time they go to school literally literally not one hundred because they're gonna get turned down for nine hundred of them are maybe not hundred fifty of them. But if they get fit. Scholarships that thousand dollars a piece they just went to school. Great part time job for a teenager, so scholarships work ACT, and overall college choice, you do all of those things you can get through school now because if you start looking at an in-state tuition versus a private education that you can't afford. You're going to see it's five x. College providence is going to be five x call. And what happens though, is that people let their teenagers. Make these decisions in a vacuum. Based on the town is pretty and so I wanna go to school there or based on. I've always thought I wanted to be a PHD German polka history. I wanna study something that has absolutely no applicable use in the marketplace. And so your job is mom. Your job is dad is two parent these kids, and they are kids. I know they look like they're grown up and all that kind of stuff, but they're not. Because everyone of us that have been eighteen years. Older shaking our heads going. We were stupid, and we needed parents. Tell people get a hundred and fifty thousand dollars in debt has parents aren't involved and they make stupid decisions about education, isn't that actually moronic? We make stupid decisions about education. Think about dumb now phrase. I said is this is the Dave Ramsey show. Folks, save money and cook at home, you can cook high quality meat at home for less than six dollars a meal when you sign up for butcher box. But you're boxed delivers healthy one hundred percent grasp fed beef free range, organic chicken and heritage bread pork directly to your door for only one hundred twenty nine dollars a month, and shipping is free. Plus new members get twenty dollars off and two pounds of free. Ground beef in every order for the lifetime of your subscription. Get this deal right now butcher box dot com slash Ramsey. Jeffrey is in Dallas, welcome to the Dave Ramsey show. Jeffrey, how are you? What better than I deserve? What's up? The no. Barbeque that. Start a business win. He during the baby steps. Sure depends on what you're doing. And what it's going to cost and at what point in the baby steps, you're doing it. What baby step? Are you on right now? I'm paying off debt. So you're in baby step to be working your debt snowball. Much data via got. Right now have about between me and my wife. It's about twenty thousand okay in. What is your current household income? Bring in about four thousand month. That's about forty eight thousand a year. Yeah. Your take home pay. So you're making you probably making sixty eight year give or take sixty sixty five year. Okay. Good. What kind of business? Are you talking about starting? Okay. And what will it cost you to do that? Well, I'm gonna start small probably range about five dollars to kind of get their equipment. And then of course, a a cast truck which would be probably about good two thousand. Okay. So you're talking about spending seven thousand dollars. So what you said five thousand running to get the committee, maybe about five hundred hundred. Okay, Dan to get a truck out about five hundred. Okay. All right, and what kind of a quick -ment? Are you talking about getting like like, I said, he's gonna be something simple. Basic just allow more we needed blower, the small miscellaneous stuff like the gas cancer. You know? Kind of what kind of cars, are you all driving? I'm glad. Yeah. I'm actually driving a two thousand fifteen to your Corolla. Which is is not Tennessee my car's uncle's car. Giving you talking over. Okay. And do you own any cars? No. I don't. But I will be here. Pretty soon about couple of weeks. I'm going to be I wanna try to see if I wanna get rid of this car, and they get a cash car, but I'm trying to figure out the debt. Okay. Are you married? Yes. I am. And what does she drive? He wasn't driving thing. Okay. So you have one borrowed car right now. Okay. All right. Yeah. I probably would I think you can make that money back really really fast. I would try to probably do a fifteen hundred dollar truck. And so we got a total budget of two thousand how quick can you make two thousand dollars cutting grass? One pretty good in seventh. I if I go out there fall. I can. Yeah. I can pretty much earn to two thousand a month. Yeah. In okay. And everything after that's gonna be gravy to help you get out of the other debt and help you get some of the cars purchased and so forth. Yeah. I like your plan. I would do that a lot of hustle sweat involved. I would do it. Okay. Just keep it don't listen don't get out of control. Now. Don't call me up five thousand. I'm not going to be that. Okay. And and you're going to do it all in cash, right? Oh, absolutely. Very cool. Good job, man. Well, done open phones at triple eight eight to five five two two five a leash is with us in Dallas highly SHA. How are you? Good. How are you better than I deserve? What's up near world? Good. Well, I have a question. Thank you very much for taking my call. I have been struggling with figuring out if I sit in my apartment lease early and just buy out the lease or event should stay you know, and just kinda ride it out 'cause I gotta another cash caught. And it needs some work to sometimes out which one is back to have student loans to pay off trying to get. Oh, my. My rant is nine eighty five. Where would you move? This kind of down the street a little bit. What would be your rent? There would be eight seventy five so as one hundred dollars a month savings, which your income. Right now. Well, I make forty thousand but I'm on disability. So I'm trying to figure out. Well, I'm not getting paid right now. So you're not getting paid anything. Not right now. Yeah. It was on workers comp. And then they ended that is. So my disability hasn't kicked in? And I'm not sure what's happening with that either. So okay. How are you eating? I just have a little bit of cast that I'm using to get back but won't be for long. Some that's what I'm trying to figure out what to do. Well, you're gonna have to get an income coming in. Is there any are you ok physically? Physically. Yes, I'm okay with my hands. And I do tech support type a lot so. Yeah. Carpal tunnel or something like that? Yeah. Okay. So you can't do that. What can you do aren't some money? Well, I am thinking about maybe going to do tech support in a retail space. So that way, maybe they're typing movie less, and I can still make good money thinking about what are you gonna do by Friday to make money? Sure out. You don't have any money. Yes. I honestly, I I don't know. I'm just selling stuff about house to get rid of stuff. I think we need an income plan that you as a short term thing. I don't care if you're delivering pizzas waiting tables babysitting kids. I don't care what you're doing. You need some short term money starting right now while you get your career your big career shifted around into something that you're able to do and you get this disability settlement done. Okay. Yeah. Because I I don't want this to you know, you're going to reach a point. If you don't have a plan that stuff is gone and money has gone and you're on the street, and it's not it's not because of nine hundred dollar rent versus eight hundred dollar rent is zero income. Yeah. Yeah. No. I would not move. I would not I don't think the savings. Here is a big enough thing to help you. I think the in the two rents unless there's something else wrong in this situation. I would stay because I think you've got to address the other side of the equation. And that's the income saw the question. And that's where you're just you know, I in panic mode right now. That's what you're facing. So you really really really got to turn that around. So thank you for the call Stephen is with us in Newport News Virginia. Hi, Stephen, welcome to the Dave Ramsey show. Hi, sarah. How are you better than I deserve? How can I help? So ever question. I currently contrary to my TSP and I'm doing the fifteen percent. However, when I did the math, I could I could max out a Roth IRA within a annual year and still contribute to TSP in order to meet that minimum for matching. Does it make sense? The split it up or compound interest work better for me compound interest is the same either way, the the, you know, when you're putting in fifteen percent of your income, whatever dollar amount that is if it's in two different categories. It doesn't matter. They're if they're growing at the same interest rate you'll end up with the exact same amount that if they're growing at the same rate of return the only end up with the exact same amount. You would have ended up if it was all in one category. So that doesn't matter what does matter is that you can find mutual funds that will outperform the see the S, and the I inside the thrift savings plan, which is how we recommend you distribute primary. Early. See like eighty percents seat. Ten percent S ten percent. I, but you can that mix. Right. There can be beat with good mutual funds with your regular Roth out there. And so, yeah, I'm going to do the regular off make sure you do your TSP up to the match then to regular off if you need to do a little bit more than that. Then you can go beyond the match a little bit and the ESPN and the p pick the Roth option as well, you got the Roth option there. So that's the direction. I would go. Good question. Joining us common sense for your dollars. And since this is the Dave Ramsey show. In the lobby of Ramsey solutions, Spencer, and Emily or whether hey guys, how are you? Welcome. Where do you guys live? We live in Elizabeth Indiana. Just across the river from Louisville Kentucky. Gotcha. Okay. Great t shirts live like no one else with gazelles on them there. I love it. How much have you paid off paid seventy thousand dollars seventy K? How long did that take twenty three months? Good for you and your range of income during that time. We started about fifty one thousand and went up to one hundred and one thousand. Oh, did you double your income in twenty three months? Well, Emily started going to work fulltime job changes. And I my parents opened up a small business. We kinda started working there on the weekends and stuff to kind of lecturing. Okay. So lots of extra work that wasn't there the year before. Gotcha. Okay. Money everywhere, though. Good for you. What do you guys do for a living? What are your careers? At the same company. We got Rinaldo designer ovary doing what I work in sales, and he's shipping manager. Okay. Great. Very good. Good for you, guys. And what kind of debt was the seventy thousand dollars. If all our mortgage, you paid off your house. I am looking at where people I love it. How old are you to twenty four? Oh my gosh. You're really weird. I mean, you're you're like really big time where twenty four with a paid for house. What's this house worth right around one hundred if one hundred thousand dollar paid for house? This is believable. No potty does this. Why to go? Thank you. Why it ago you guys? Absolutely incredible. It's gotta be a story here. So tell me how does this happen twenty three months? So you start this. You're twenty two thirty. Yeah. Tell me what what tell me how. So I grew up knowing about you, my dad kind of talks about you through our house. We didn't really live by. But we kind of knew about you and your principles, and so I was like I'm going to go to college, and I'm going to graduate debt free payoff semester at a time. So I did that for the first two years, and then I met Spencer, and I kinda told him I plan, and he was like, okay, we're doing this. So then we did the rest of the rest of my school cash. Float it, then we got married. Cash flow that and then we bought a house, and we're like, okay, we're paying this office quickly as possible. So we kind of the Gulf ourself two years, and we did it in twenty three months. So did somebody tell you you should do this. I mean, not really my aunt and uncle gave us the book complete got money for our wedding. And we kind of read through we we're not very good at reading just sitting down and reading. So we kinda would just read it in the car. She'd read it while driving or while she was driving, and so we kind of went through. And so once we decided by the house, you know, follow your principles put on fifteen year fixed rate in metro payment one more than a quarter of our take home pay. And we said we're gonna we're gonna kill it. Just get on it you look up and did you when you bought it? Did you think you would pay it off in two years? Maybe not quite that fast. But once we started going down some chunks of money. We looked at it. And we were like, you know, what let's set our goal at, you know, twenty four months, and we should do it. And then December of last year, we were like, hey, we can finish it this month. Let's do it as a Christmas present with kill it month early. Yeah. There you go. So Emily, you were just coming out of school. That's what you getting the job is is that I was going. To school for education. So the last semester, I couldn't work at all. And so that's why we are only at that fifty one thousand I got you. Okay. So then you come out and out of school take the fulltime job in both of you, working extra and everything else all kinds of different jobs, everything just going crazy for a period of time, so Spencer where your was your family doing this. I mean, where did you grow up? No, I I mean, I never really head even hard to you until I started hanging out with Emily and her dead. You know, has some of your videos and the couple books and stuff. And so I was like this guy seems like he knows what he's talking about. So both of you just kinda at your nature to have avoided, dad. I mean, you just it was a natural thing for you. Yeah. And that that probably somewhat attracted you to each other, then to wow, amazing way to go you too. I mean, did you have people there cheerleaders in the offing somewhere? People telling you to go on you can do this and are most people don't you? You're crazy. Yeah. Most people were. Charing on especially her parents and stuff every every we go down a couple grand or grand down on the house. We'd to tell them about it. And they'd be like awesome just keep plugging away at it and keep going and keep going, and we're actually FPU coordinators that were just start our second class this past Wednesday and having that community it is really important in just your accountability and stuff like that, you know, the communities encouraging because everybody's on fire. Everybody's gazelle intents living like nobody else. And then when you're leading it you have to do it. I mean, it's like, you know, it's not like a rule. But I mean, you'd feel weird you feel like a hypocrite if you weren't into it, you know, so this is your second class. So most of the time you've been doing this you've been through a couple classes during the twenty four months soon. Wow. Thanks for leading a class. Gotta be pretty inspiring to have your coordinator walk in and go. I'm twenty four my houses paid for shut up. Yeah. Really? I think they can go. You know, can't really argue with that this is this stuff works. Wow. W-wide go, you guys, what do you tell people the key to getting out of debt is I think he is to just do it. I'm not trying to make us a Nike commercial or nothing. But it is just do it like we were sitting there, and we were like could've decided to be like everybody else, and just, you know, spend, you know, twenty thirty years with a mortgage, but we decided we were we were gonna do this. And so literally just not being that victim mentality having life just happened to you. We were going to happen to life, and we were going to do it. Now start right now. You got an early start. You're going to be so wealthy. It's going to be unbelievable. If you keep your eye on the ball and keep the thing between the ditches, man. I mean, you're the math on where you are. Incredible. Absolutely incredible. Emily, what do you tell what do you tell people? The key is the same thing. Just go ahead and start doing it. And then it's just going to get easier from they're not easier. It is definitely hard. It's. Start it. And then you're going to learn it and get an accountability partner. We were both kind of on board from the start. So it was real easy for us to keep each other accountable. But if you don't have an accountability partner or your spouse's on board, if you can't get them onboard just find someone who's going to stay with you and help you through it. Woke you through it while you might get sound so simple. What was the hardest part for you. I'll tell me tell me something was hard. Please. Honestly for me. It was vacations and not even like extravagant long vacations. My grandpa owns a house on a lake in Michigan. And that place is always kind of been home to me. It's kind of where I grew up going up with my dad and stuff, and we didn't get to go up there as much as we wanted to because, you know, making a decision that we weren't going to spend that extra money on that. And last year, we skipped out on a family cruise in order to be able to throw some money on the house. Out yet. So what are you going to celebrate? Now that everything's paid for. I wanna buy a nice guitar. Oh, but good for you. But what do you make a hundred thousand dollars a year your house payment? Did you buy guitar? Of course, you can buy guitar. Yeah. Emily, what do you want to do? To celebrate. I'm wanna get Lasix and that's about five thousand dollars. So we're just going to save up for another few months and get lace. And then we're looking at buying bigger forever. Home with cash down the line. So kind of just start saving for that start moving towards something. Couple of hundred groom. Wow. You guys are impressive year. Amazing twenty four years old. Wow. Wow. Wow. Wow. Well, we got a copy of Chris Hogan's retire inspired book for you. That is the next chapter in your store. You will be. Quickly before you're thirty easy. Oh my gosh. Amazing amazing. So congratulations you to Spencer and Emily from Louisville Kentucky seventy thousand dollars paid off in twenty three months. Making fifty one to one hundred one that includes paid off their house. Wow. Counted down. Let's hear a debt free scream three two one. Man. Oh, man. You see a family nails? You like that you'll become a fan of millennials that there's a whole bunch of the fall in that category too. That's so impressive. They get on something. They get on it, man. If they're not only anything they're busy ethically ignorant too. But the ones that are on it man, these that that couple they got dialed in man. That's just dadgum impressive very very very well done. This is the Dave Ramsey show. Our scripture Jaakko of one nineteen have not commanded. You be strong. And courageous do not be frightened. Do not be dismayed for the Lord. Your God is with you. Wherever you go. Jeff Bezos, says if you decide that you're going to do only the things that you know, are going to work you're going to leave a lot of opportunity on the table. It's true. Yeah. There's always a risk involved in trying. Something new you need to put yourself out. There folk there's some things for you to do. Yeah. No. And today's your day Dion with us in Los Angeles Dion. How are you? Better than I deserve. How can I help? Good question for you. So my wife, and I about a year ago we actually signed up for a hero loan pace loan to energy efficient upgrade we put about twenty grand into the house for fame. Air conditioning replacement and being told trying to refinance I to reach into the full twenty grand is paid off. And then that's also the same on a cell to sew sell the property route have to take a quite ramp from the equity in the home. So wanted to know, you know, what would I fifteen year? Financing term would eight percent interest is at ending about twenty eight hundred two are on account per year. I wanted to see what do you own? Satan how much do you owe on the loan? Good still. Okay. And you owe your first mortgage so much on the home. Tway to ninety on the hell to ninety in the first on the hundred ninety three ten is what's total then. Correct. And the house is worth what three seventy. Okay. And they're saying they will only loan. You eighty percent of that. Is that what you're hearing? Correct. Okay. Twenty percent has to be the twenty grand paid off before any refinancing can be done because I guess the super lean so actually becomes a first person loan, and then conventional they wouldn't allow that to happen. Good lord. What has to be paid off as a part of the refinance. It doesn't have to be paid off before we paid off in at the table. So yeah, she man on a horrible deal. Yeah. So you you can only borrow about to ninety five and you got three ten and so really you're I could be refinanced. But the second can't. So how bad is your credit? Not not bad at all. What's your household income? Combined but under new grad. Okay. Run down the credit union. See if you can get a twenty thousand dollar loan. You probably got twenty thousand loans credit union for eight or ten percent. And get the thing. What's your interest rate on your first mortgage? At about middle over three during half. So why would you refinance? What we were looking to go an FHA right now. We're looking to go conventional. So we can knock off the pm. Okay. All right. Well, that would make sense then. Yeah. That'll that'll justify refinance on mortgage that size for sure. So. Yeah, let's see if we can move it to an unsecured personal loan of some kind and just get it off the house, right? Yeah. And next time you get ready to buy something for your house pay for it. Or don't do it. Right. Right. Yeah. There's a bit you in the butt, man. Fad deal. What a mess. Hey, thanks for the call, Eric. I is with us in Philly. Hi erica. How are you? I am great good gonna help. So my question is I just moved to Philly. Everything's still in boxes that everything. But I moved here for a job making double what I made at home. Now make a hundred K, and I have twenty thousand loan because of the move because I have to move several sober up -ly, but one thousand dollars to move. No, I had to move the fo has to I played for about. Don't don't blame it on the move now. Okay. Twenty thousand tennis feels like a drop in the bucket, but also on top of funny. My grammar pays my school. She paid fifty thousand and she acts that every grandchild pay five thousand back technically, I have to pay a hundred dollars every month until paid back. Doesn't this makes you ever bring it out? What she's just like looking good? So you pay hundred dollars a month. Okay. So my put that in the Bill. Yeah. Definitely. Okay. Thanks to that. You got twenty thousand dollars used to make fifty now you might one hundred you're gonna pay the twenty five thousand off real fast. Yeah. Exactly. And then and you're buying anything until you get this debt cleaned up. Would you tell me you or forced to buy couch? That's not I don't even play on by the TV. No. Well, you need to be working. So thank you. A you're going to do great. You're going to great. You're gonna call you the twenty five up in a year. And I suspect grandma's probably going get paid by Christmas. And that's going to be a wonderful day. Okay. The question question chicken roommates for can I still live on my own? What are you paying in rent eight hundred five? Okay. But it's not months. I can't have the option. I denied absence. Okay. Is it a one bedroom? Studio one bedroom. Yeah. So where's the roommate gonna stay? Well, no, I could move in. Oh, okay. Okay. What what I would do is live there for a little while let's get settled and get the groove of working and paying rent and working and paying the debt down working and paying the debt down. And then if you decide later you wanna add roommates to the equation, make another move then. Yeah. But let's just calm down. You just now got there. Okay. Let's settle in make some money. Kiddo and get this mess coined up. That's why you went and then we'll worry about roommates and stuff. So for six months now stay where you are. And then let's see then you can rethink that idea. If you want to at that point Ed is in New York, I add welcome to the Dave Ramsey show. How you doing better than I deserve. What's up? My question is we have some good fortune year. Listen to my wife, and I and we're gonna start the baby step. But then my wife's grandparents house came up, and we decided sell our house in except their homes and by selling our house. We eliminated all are good. Now. The thing is we live with a relative there in the house they own house. But once team's out we owe him for his half of the house. So I'm just wondering as far as savings for retirement. Do I just keep socking away the money and till the when he determine if these relief and. You live in a house with who. My wife on. That's kind of weird. He lived downstairs about six. Okay. What's the hell? Had suffering garbage. Okay. What's the house worth? About one hundred ten twenty thousand so you had to give him like fifty grand. And where are you planning on getting that? Well, right now, we don't oh anything wrong. He's there. Right. So we have zero down how that your half of the house is being given to you. As an inheritance or whatever. Right. Right. Right. Well, you can you could go get a mortgage for fifty thousand if you had to when he moves out. I mean, he's also willing that they after he leaves? I think I've probably just get a mortgage rather than pay him, right, which is messy. And also just ask him, you know, saying, well, we could put it on a mortgage or could pay you in cash, what kind of a discount would you give me if I just pay in cash. And then go get a mortgage payment cash if you don't have any what's your income? My wife, and I we take home a forty eight a month. Okay. Well, I mean, I it'd be cool. If you just start chunking away, everything you could chunk away and be ready to buy out his half when he leaves are expensive only like five hundred a month right now. So yes, I would delay retirement in your case, and I would count this saving up for down payment on a house. Call it baby. Step three, b you have an emergency fund. Yeah. Okay. Beyond your emergency fund. Then how quick can we put fifty thousand dollars away in your situation? I mean, we're not navy three grand a month. That's what I was thinking. Yeah. I'm thinking eighteen months. You got your money if he'll live there for eighteen months you'll ever writing. A check matter of fact, you my offering the chick to leave point you've got it. Right. Pretty cool situation. Hey neat. Very nate. Thanks that that puts this hour of the Dave Ramsey show in the books. We'll be back with you before you know, it in the meantime, remember, there's ultimately only one way to financial peace, and that's to wall daily with the prince of peace, Christ Jesus. Hey, it's Kelly associate producer though screener for the Dave Ramsey show. If you would like to your debt free scream live on the show. Make sure you've is at daveramsey dot com slash show at registered we would love for you to come in Nashville day here story. Money isn't the only thing we talk about around here. Get life-changing advice on your career for my good friend and career expert in Kalman. Oh my Ken Coleman show. Seventy percent of Americans are going to work every Monday, and they don't want to be there. But for a myriad of reasons, they feel they have to be there that is our crusade. Subscribe to the Ken Coleman show wherever you listen to podcasts. Hey, it's James producer of the Dave Ramsey show. This episode is over but check the episode notes for links to products and services you've heard about during this episode. Thanks for listening.

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Becoming Debt-Free Feels Like Getting a Raise (Hour 1)

The Dave Ramsey Show

40:32 min | 1 year ago

Becoming Debt-Free Feels Like Getting a Raise (Hour 1)

"Live from the headquarters of Ramsey solutions broadcasting from the dollar car rental studios. That's Dave Ramsey. Show or bad has dom cash is king made off home. Mortgage has taken place of the B._M._w.. As the status simple choice choice I'm Dave Ramsey your host. Thank you for joining US America. It's a free call at triple eight eight to five five two to five. That's triple eight eight to five five two to five you jump in. We'll talk about your your life and your money. McKenna is starting as often Clarksville Tennessee McKenna. Welcome to the Dave Ramsey show Dave. Thanks so much for talking to me true. What's up the I need to know if it has time for me to quit my job and go back to school okay? Why would you do that because I currently do not have <hes> a very career focus degree and I want to go back to nursing school because that's something that I I have a passing four and I feel like God is calling me to do that and I have the money to cover the first two semesters and then my husband and I will be able to cash flow the rest but I can't decide if I need to quit my job Bob starting in August or not why would you not? I think I'm afraid to let go. I think I'm afraid to lose the second income. Can you make it on his income. We can and we make that a point to live live off of his income specifically so you've actually done a budget with his income only yes there were on baby step three and we'll actually they done in August but <hes> we're going to have to pay for daycare and things like that and I just I I. It scares me to let go of my income to go back to school for two years which I think you know having things come up. I guess and you know my husband's in the military so he's gone a lot and you know the main focus me going back to school is by the time he gets out two years from now. I will have that steady income for us to transition much more. You know easily. I guess I'd be I'd be a little bit scared. If you didn't don't do this right so I just I need to have the I'm having a hard time letting go of my income because I'm afraid of what's going to come up and the next two years but the plan that you have you can survive and it's a detailed plan and you guys have looked at it and not only you can make your bills and you can eat off of his income and you can cash flow nursing school the portion that you don't have save so you've got a detailed plan so the the only thing to be scared of as if some bizarre crazy thing came in and the next two years right right but you should be scared of that anyway mean life life comes. Sometimes you know right now you just don't you don't catch sight of the new land until you lose sight of the old land you have to set sail and there's always a little bit. You know it's a normal human emotion to to walk t t to struggle with walking away from the known into the unknown but it's where all the fun is you gotTa do it. Okay you have to everything you told me was mature her well-thought-out not impulsive not being drama. It's not a crazy degree that you have no idea what you're going to do with it. It's a freaking nursing degree. You can work the rest of your life any amount of hours you WANNA work and you'll always be employed Loyd. It's unbelievable. I've never seen anything like that field and so it's a lot of hard work but but but it's <hes> it's it's you know for someone that has the Compassionate Heart and has the the science mind to be able to pull this off. It's <hes> so wonderful career. You need to do this. There's not I didn't hear a single thing in this story that says don't do it and you know I will tell you get after drum ghetto you got this. I love it. Sandra is in Pittsburgh Sandra. Welcome to the Dave Ramsey show hi <hes> I have a question may my husband are having a little bit disagreement on. We're finishing baby step three this month and we will be starting baby. You step for good <hes>. He makes alone seventy thousand year. I make twenty part time. Mine is a mandatory seven and a half they take automatically. I had to do that through the baby steps because you couldn't quit now. He's saying <music> enemies the take a his match update percent and he says eight that'll make our fifteen but I'm not agreeing with that. I think math works his eight percent of his income and seven percent of your income does not equal fifteen percent of our household income. Yeah that's okay you don't add those together. That's going to be more like seven and three quarters percent of our household. Income you take the number that is coming out of your check going into retirement. Divide that into your income and that will give you the percentage about half of what you should be okay. I think nine let me to it should be around fifteen thousand dollars a year for you guys who now's any or okay yeah because I am a finger nine taking what we make the total times one five point one five that's fifty percent right and so one hundred thousand dollars point one five household income is fifteen thousand. That's where I got that Yep. You guys are making ninety so it's going to be fourteen seven fourteen five or something right and so you know that that's where you're going to be in yeah you don't get at eight percent of his income seven percent of your income for that to be fifteen. That's not how the mathworks okay so. It makes sense. Yeah I think take our percent of your household income out annually going into retirement and that's baby step four. You know we're not trying to figure out how little little we can do. We're trying to figure out how much we can do because the more we do the more money we have. This is how fast I bill wealth not how slow bill wealth yeah now. He was just thinking the eight and the seven I said no 'cause I make less. Can you guys but even that it's not they don't add together. They are of each and take the total time fifteen and you're gonNA see. It's a whole lot more money than you're talking about like. I'm doubling what you're talking about. Yes Oh definitely yeah. You're battling so then you do. We do like minds mandatory. Seven fifty bucks a month coming out of somebody's checks somewhere total yeah but that's you know yes so al deers add his I don't every put it all on his and maybe your retirement plan sucks but as long as the total is fifteen percent of ninety then we're okay and the way to that point one five times the whole thing open phones at triple eight eight to two five five two to five. Thank you for joining us. We're glad you're here. We appreciate you being part of the part of the show. Today we are in the middle of a move over here. If you've ever moved its simultaneously exciting and excruciating and then that includes when you move like from your dorm room and you could do it all on your back seat right <hes> try moving a thousand people almost and we moved three hundred of them over the weekend they walked in this morning plugged into their first time another three hundred the next week in the three hundred the next week and so that's <hes> Ramsey headquarters has shut down for visitors right now because it's full of moving stuff up a plan on coming to visit us in August or later at our new headquarters it is amazing and we're all just more than a we bid excited and nostalgic about the old place. This is the Dave Ramsey show. We've been voted one of the best places to work in Nashville Eleven Times. You WanNa know how we do it. Our team has been using Lincoln jobs for years to find the best people to help us change lives think about it linked in as more than six hundred million active members. I'm talking about people who come to linked in to make connections grow their careers and discover new job opportunities post a job today at Lincoln Dot com slash Ramsey and get fifty dollars off your first job post. That's linked in dot com slash Ramsey terms and conditions apply joining US America. This is the Dave Ramsey show. We're glad latches with us in Jacksonville Florida I how can I help. How you doing today that are than I deserve? What's up <hes> basically I just graduated college couple of months ago? <hes> and I got a fulltime job at the place that I was interning at <hes>. It's the perfect place for the degree that got but I really think <hes> that I kind of being drawn towards the real estate industry. I got my real estate license while I was in school and I just kind of want some advice on how I can start to work my way into real estate industry get some experience while I still have this fulltime job and potentially start going into real estate fulltime advice on how to kind of make that transition and get experience while I'm still working fulltime so you went to school for years to get a degree in a career field that you started a couple of months ago and you're already not wanting to leave it. <hes> I kind of enjoy it but after actually you know like being in the office and getting to see how the business is actually run. I'm not under center. That's when I WANNA do full-time thrashing my life. How long have we been doing? How long have you been there offers? How long have you been out school? I've been out of school. I graduated in late April. I've been full-time for about two three months. I've been at the office since February. What do you do? It's a R._A.. H. A. Like with a lot of C._F._C.'s financial advising got my degree in financial planning and finance <hes> and what is it that you thought it was going to be that it's not yeah I just I. It's not really wasn't very surprised that I just thought I would probably enjoy the work war. <hes> maybe just a little more fulfillment out of it <hes> after doing it for a while. You don't have done it for three months. Yeah that's not a very gal is five years right. I don't really know if I want to go that distance on I mean I'm just I feel like I'm being drawn towards a real estate and I just want. That's KINDA WANNA start. She didn't get experience and see if that is what actually WanNa do okay well. You'RE GONNA struggle at whatever you do if you don't give it more than three months to figure figure it out it takes more time I mean you spent four years on this goal and three months you're abandoning that goal book and using phrases like I'm being drawn to like by mysterious force Nah I it just sounds real <hes> impulsive the way you're describing what the calendar of what's going on. I mean if you've been in their three years and you hate it every minute of it I don't I don't want you spend your whole life doing something you hate. That's not my goal but <hes> <hes> I really kinda think through. What was it that drew you to the financial planning world and then what is it? That's turning you off because it's not logical that you spent this much time working on something knowing what it was and then after three months just decide you don't like it so anyway the way to move into the real estate business would be if you've answered those questions for yourself. I it doesn't affect me but if if you've answer those questions maturely for yourself <hes> a little den with a way to move into it will be part time and get a broker that would allow you to get your license and pleasure like you said you had your license already place your license with broker and start working part time the good news about residential row state is most people look at houses when they're not at work and so you're most premium times showing houses and working real estate deals or evenings and weekends so it really doesn't interfere that having a fulltime job doesn't interfere that much with doing real estate I mean there are sometimes you stuff during the day but the vast majority of your actual eyeball to eyeball kneecapped and he kept with potential buyer or seller is on an evening or a weekend so you can do a lot of that stuff and build up your experience your book of business and <hes> not have to go from making money to making nothing for six months and starve out <hes> because it usually takes about six months and residential businesses start actually getting closings and making a living and so forth and <hes> you know but there's a good news is a lot of your financial planning <hes> training will help you <hes> in the academic side of this. I'm sure you've probably picked up some marketing classes in that degrees well those will help you obviously the <hes> the financial parts of <hes> you know helping someone look at a a different finance plan for a home or whatever will help you. You've got a good base knowledge of all of that but I just I want you to sit down on and I'm I'm GonNa Challenge you that you you've spent four years working on something and then three months later have decided it's not okay that just doesn't ring well and you need to think through that part of this through <hes> it could be that where you're doing it the group of people you're doing the financial planning with you. Don't like you don't like their process. It feel slimy to you. <hes> you went into this to serve people. You don't feel like people are the center this that numbers are or you went into this to serve numbers in these beat. These folks are working with her. Two people oriented. I Dunno but you need to think about. Is that the place in the group you're doing it with. Is that the particular activity you plugged into <hes> and so on and that's what I would try to figure out so hey thanks for the Paul open phones at triple eight eight to five five two to five our question of the day comes from blinds dot com find out for yourself. WHY BLINDS DOT COM is the number one online retailer of custom window coverings? You get free samples free shipping and with the new promos around every month you'll save even more use the Promo Code Ramsey to get the best possible deal. Sarah is in New York. I'm trying to figure out if I should pay off my two thousand eight car as two thousand dollars left on it when it needs five hundred dollars worth of repairs. I've been making double payments at four hundred each since the beginning of the year I'm predicting the car paid up next month should fix the car and keepdriving yes you should and you probably need to get a second opinion on the repairs and figure <hes> you know exactly what needs to be done. Why and <hes> you know what other some of these things might be minor things that you could do without fixing on an older cheaper car and so you need to do the things should keep running and keep it safe but <hes> sometimes <hes> mechanical give you a laundry list of things that you could do if you were gonna put everything in perfect condition and you might not want to do that on that car? We do want to be safe and we do want it to be reliable. Eh Pass that don't really give a rip. You won't two Thousand Eight ten eleven twelve year old car will spend a lot of money on the cosmetic or the creature comforts so to speak open phones at triple eight eight to five five to two five Matthew is in Minneapolis. I matthew welcome to the Dave Ramsey show. Hey Dave. How're you doing better than I deserve? What's up <hes> so I have a question me and my wife we got audited on our taxes this year? <hes> first time for both of us being audited <hes> got a letter and then I called <hes> our tax guy and he wanted to come over and <hes> visit with us because something did happen <hes> and he told us that he mistakenly mistakenly forgot to add up my W.. Two instead of <hes> he adds in my wife's not my w to farm so now we had we got nineteen hundred dollars more <hes> on honor taxes so now we owe nineteen hundred dollars okay and how much of that is penalty <hes> not really for sure on certain numbers but my tax guy said dot com he would take care of any penalties that we got good he should. He does his mistake good. That's a great guy. That's a good guy then. He's got good into the and I'm GonNa Guess and say you know. Five or six hundred nineteen hundred might be the penalties altis saying that's tax only then there's going to be penalties on addition to that right. What is he saying? He said that <hes> it was his mistake and does the nineteen hundred is that Tang's only does that include penalties that includes the penalty. It's okay we didn't know how much penalty because the rest of its own thing you gotta worry about right and they need to put this at the top of your list. If you've got an emergency fund <hes> we do you we had right now. We're starting our -mergency funding me half roughly two hundred hundred we'll be at an emergency fund toward the <hes> dire melt yeah you gotta put everything for the I._R._S.. Bill and then it goes to the top of your list <hes> as fast as you. Can you get after it level yeah. You just got knock it out. As fast as you can't. My guess is going to be twelve thirteen hundred bucks of the nineteen hundred and so protect your job at Scottsdale time and this is the Dave Ramsey incoming student loan crisis in America is out of control. If you're in over your head listen up high interest interest rate student loans are the only dead I recommend you consolidate and refinance to lock in at a lower fixed rate visit our friends at splash financial dot com slash Ramsey and see what kind of right Dick can get you splash financial is dedicated to helping hoping you save money and they won't sell you other products to tempt you into going further into debt. Take the first step go to splash financial dot com slash Ramsey too easily. Check your rate in minutes and see if you can save. <music> Michael Carolina are with US pay guys. I see on my screen your debt free congratulations nations. You Dave Awesome. Where do you live live in Mountain Home Idaho? Okay what's that near closest to Boise about forty five minutes away Gotcha cool so how much debt of you paid off we paid fifty thousand dollars and twenty three months for you awesome man well done well done and what was your household income arranged during that twenty three months started just about eighty thousand <hes> went up to about ninety five and at the end it went down to sixty five thousand okay all right so what kind of debt was the fifty <hes> it was a whole combination of everything we had a credit cards at a motorcycle loan at student loans and we've had a medical bit. You're like normal yeah. Unfortunately wow what happened twenty three months ago this lit the fuse on you to well during our premarital counseling. My father took us through your program and then <hes> about three months after he got married. We Really Hopped on the Bandwagon Jenner Journey. Wow Cool so your dad your pastor yes. He is okay all right cool because otherwise that would've sounded weird okay. I'm not I'm thinking Michael Very Good. You guys very cool so it had the <hes> you guys just got married. Then and three months later tore into it yep that's. How old are you to relieve buckle down? How old are you to? I'm twenty eight years old and I'm twenty six excellent very cool. So what is the secret to getting out of debt. You paid off fifty thousand dollars twenty three months <hes> for me. I'd it's budgeting and being on the same page whatever decision we make we've done it together so yes and then for me I would say just sticking to your plan insane focus and trusting the process. How's IT field and not have any payments payments? It's incredible. It feels like we got a raise one last thing off. It's it's so for you. Which one are you brought the most of this debt into this marriage <hes> probably nee- minute all the stupid that to mine was the credit cards in the motorcycle? Hers was a student loan trying to get her education good job guys very very cool so I'm guessing your dad was a big cheerleader right. Oh absolutely what else where your biggest cheerleaders what was that who else were your biggest cheerleaders. <hes> the church body was really sport. If that's where we took the class so the church body was really supportive of us but mostly just done dad mom they gave extra job opportunities <hes> cleaning you know anything that they could provide to help us on our journey and they're on the journey as well too but really was sacrificial them to help us out very cool back great job guys great job very very well done man. I love it boil congratulations. We've got a copy of Chris Hogan's book for you every day millionaires how ordinary people built extraordinary wealth and now you can too. That's the next chapter in your story. Okay all right once you'll be millionaires you call me back on a millionaire everyday millionaire theme our okay definitely down love it proud of you. Guys are very well done Michael and Caroline Boise Idaho fifty thousand dollars paid off in twenty three months brand new married started that first thing out of the gay make an eighty to ninety five down to sixty five countdown. Let's hear a debt free scream three to one wh- done baby well done you to very very well done that is serious serious fun well as I told you a few minutes ago. It's move week upon move week upon move week around here for Seventeen Years Financial Peace Plaza has served as our company headquarters and the home of the Dave Ramsey show. This place is really special because of you are fans we love that you dropped by and watch the show live from the lobby and with the fresh coffee in the homemade cookies from Martha's kitchen waiting on every visitor free we especially love you come to show to do your debt free screams here and in seventeen years how Ramsey solutions team has grown. We were about fifty four people. We moved into this building and now we're just under nine hundred. That's crazy so obviously we've overflowed out of this building into other buildings in the neighborhood. <hes> we call the traffic jam in the neighborhood by ourselves and so we have moved out several exits <hes> into the country about forty seven acres. We're having a major campus there. The first building is up along with these studio expanded on the glass actually to studios on the glass now so you'll see some of the other shows podcast you can watch them them happening as well and come visit. They'll still be homemade cookies that you'll smell. When you walk into the lobby? They'll still be a bookstore. Although we'll all be nicer and bigger and there's a you know a timeline of the history of how some of the things that you follow developed and it's <hes> it's going to be quite an extravaganza for you to stop and make it one of your visits when you're in the Nashville area where in Franklin Tennessee just south of Nashville and I will open back up in August so plan on dropping by hi then and <hes> sometime late August early September. We'll have our our first debt free screams live from that building. We actually have a little miniature stage now for the debt free screams and <hes> that we're I'm you know in the studio looking right at you through the glass as always have but it's a little different arrangement now and Siri pretty serious upgrade to say the least is going to be quite as all abrasion everytime one of debt free scream so if you wanNA visit just go to Daveramsey Ramsey dot com slash visit and you can pick out more information as I said early August will be open to the public there and the current building is closed as well because we're in the middle of the move so just <hes> if you're out there running around <hes> you know planning a trip to Nashville this summer <hes> then in August put us on your list if it's proud of August. You're probably going to find a locked door so because we're back. You're trying to clean everything so much dirt. <hes> spent a lot of fun though has been a lot of fun we've got <hes> two major television studios <hes> seven podcast room and two beautiful broadcast studios on the glass in the lobby <hes> in the facility and so it's <hes> all set up so we can continue to get messages to you guys from various Ramsey personalities this show and whatever else what are we need to do. facebook live Youtube live television. Whatever it is we need to do we can do all of it from from there <hes> with Mir flip of a switch well once all switches are in and so and that's a lot of wiring and a lot of brainpower going in right now so good times guys really good times around here? We're a wee bit excited <hes> and <hes> I it's quite I've never done anything like that. I grew up in Antioch Tennessee and never built a seventy million dollar building and pay cash for it blows my mind <hes> the detail and the process that we've gone through the project management things that are involved and <hes> but boy it turned out and <hes> the team working on it <hes> architectural team the contractors our team <hes> the number of hours we put in building things out for you guys to enjoy when you come and for our team to be more effective and continue to serve you guys that much better <hes> in so it's it's right on the interstate on sixty five again just south of Nashville fairly easy to find. I think we're trying to get the Google people to make sure it's in the maps thing because it is down a little windy road in a new area and it probably doesn't show up on a lot of your software but you get in touch with us and you there little map there I assume on everything at Daveramsey dot dot com slash visit Kelly's map on that section of the site Kelly. Is there a map on that section of the site where people can find us if not let's get one okay yeah. I didn't even looked at it but let's Daveramsey dot com slash visit and again. Just put us on your list of places to visit if you're in the Nashville area beginning in the beginning of the month of all miss a few weeks here so good times very good. This is the the Dave Ramsey show nine. Card is with us in Fort Walton Beach. Welcome to the Dave Ramsey show kurt hi Dave. How's it going sir better than I deserve? What's up <hes> pleasure to talk to you <hes> so short story? I've been listening for a little over a year baby. Step two cool <hes> I just I got a new job. That's drastically increasing my <hes> my salary and now I have to I have the ability to take care of my entire family with healthcare for the first time wonderful and and I'm confused. I don't know which inch wanting to do being in baby step two opposite. I don't have a ton of money saved so I'm debating between a regular healthcare or and H._S._A.. How healthy family <hes> well I have a two year old and I have a three year old in a four year old <hes> and then me and my wife we're fairly healthy? <hes> I mean I don't have any issues. My wife has had some dental work in some <hes> little things pop up here and there but I have two little kids and you never know when something's going to happen to those as to what is your income now <hes> it. We were together bringing in about eighty. <hes> I was a teacher. My salary was like thirty seven and my new salary is going to be sixty five. I start here in a couple of weeks so we're looking hopefully around one hundred thousand yeah with the extra jobs still <hes> up there. Okay good very good and the H._S._A.. Is available to you and then you have an H._M._o.. P._P._O.. Available to you right yes sir okay and so the deductible on the P._P._o.. Is What <hes> seven fifty <hes> and fifteen hundred so I guess I'm fifty vigil fifteen hundred family and then the H._S._A.. Is Three thousand six thousand okay and uh-huh. What are the premiums that you pay so far the the <hes> p._P._O.? would be four fifty a month or the H._S._A.. Be To ninety five so about one hundred fifty five bucks difference Jansher Okay or about at eighteen hundred dollars a year in the first year you would go from seven fifty two three thousand which is twenty two hundred fifty dollars more risk so if you you go one year and four one year in three months without hit without needing to hit the deductible you'll be making money. Does that make sense a year and the difference between three thousand seven hundred fifty is twenty twenty two hundred and fifty dollars. That's the extra risk taking with the H._S._A.. That makes sense okay and and you save one thousand eight hundred dollars in twelve months. It's in premiums okay so a little bit more than a year and you're at break even if you don't get into the insurance if you don't hit the deductible if you don't have if you don't have a medical event okay kid having the flu going to the pediatrician. You're not going to use insurance anyway because it's not gonNA apply the deductible. You're going to co pays or they've got some basic doctor or visit stuff built in you're paying that out of pocket either way by and large the only thing that we would consider as if you had a major event a ten twenty thousand or one hundred thousand dollar medical event and that's the only time these calculations would come come into play. The likelihood with your family of that happening sounds like it's very very low. You'd have normal childhood normal childhood sniffles normal things but the chances your family's fairly healthy. I'm taking the H._S._A.. And taking taking the risk okay and putting the extra one hundred eight hundred eighteen one thousand eight hundred dollars in some change in my pocket every year from now on and that'll help you get through your baby. Step two that much faster and that'll help you get your your emergency fund built up that much faster in addition to lead the P._P._O.. Probably has an eighty twenty after the deductible. Doesn't it eighty fifty. I think that's insurance. It's eighty s eighty percent the age of say it's ninety after deductible okay so that additional ten percent is risk the other way so it's seven hundred fifty fifty your risk with a p._P._o.. Plus an extra ten percent so on ten thousand dollars. It'd be an extra thousand dollars out of pocket. You follow me Victor. I'm sorry now you just use everything you can find you. Work your baby steps but my point is. I'm just helping you to a break even analysis consideration on these two. I have had an H._S._A.. On my family since they came out fifteen or twenty years ago back in the George Bush administration is when they first past okay. I've I've had one all that time. I have never hit the deductible. Not We did hit. We did hit it one year one years old and so I shouldn't put anything into the H._S._A.. No just take the savings take the savings and the increased risk okay. You're on your risk is going up from seven fifty two three thousand understand yes there but it's going down from eighty percent to ninety percent to on what they cover so you got more coverage once you get passed a deductible so in other words if you had a one hundred thousand dollar event the H._S._A.. Is actually going to be less out of pocket than the P._P._O.. Because the P._B._S. charging extra ten percent they're only covering eighty the H._S._A.'s covering ninety. You follow me a hundred thousand bucks. That's ten thousand dollar swing. Well Yeah so if you had a so confused in China as it is. It's it's kind of a barrel officials mathematically. It's a little bit of a math riddle but if you said okay let's run out of scenario at fifty thousand dollar medical event one hundred thousand dollar medical event. You're GONNA see the H._S._A.. H._S._A. Because they cover ninety percent even though they don't cover as much on the deductible you're gonNA come out ahead in those events so the only event that's GonNa Pinch you more than on the H._S._A.. Is a like a fifteen fifteen thousand dollars event or twenty thousand dollars event. You'RE GONNA pay a little more out of pocket that way <hes> so if you had like a kidney stone and it was twelve grand when you went in and out of the hospital or something like that that then that one you're gonNA pay more out of pocket with the H._S._A.. But a big event or no event the H._S._A.. is going to be cheaper so does that make sense. Yes Sir until I hoping to be done with my with step to in about six to seven months. Great Start Putting a little bit into the H._S._A.. Just to take the cheaper to debate that she presenting them build your Emergency Fund. I was your emergency for ten or fifteen thousand and that'll cover your deductibles or a good point even though this last because they do they do match contributions H._S._A.. Should I not worry about that. Oh how much do they match up to twelve hundred for a family. Wow that's great. After you finish your emergency fund. I would consider that as a baby step four type of a discussion Roger that Sir Your Emergency Fund in place I because you can't use an H._S._a.. For broken transmission no those last year so yeah that that's why I would rather have the emergency fund before a fund the H._S._A.. But that match makes it something you'll want to do for sure we match five hundred here at our company and so that twelve hundred matches sweet match that also tells us. They're trying to get you to go that way because they know what's good for you guys so we've got the vast majority any of our almost nine hundred people here are on the H._S._A.. Like ninety something percent because the math just works out better for a family that's either got real. Health problems or is very healthy. If you're just kind of in the Middle Eh you know but the days of I've got insurance so I just got the doctor all the time with any kind of insurance those days are on those days are gone. You have to be thoughtful about using medical care and that's good that the consumer consumer actually has to stop and be thoughtful about it because it keeps people price conscious when they're buying medical care just like you price conscious when you do anything else. I mean the difference between what you can get an m._R._i.. Done at one place versus what you can get it done another places astronomical but nobody stops to look if insurance is paying it all and that's part of what is driven the costs up just like federally insured student loans are driven the cost of college because there's this flow of money. This is Gush Gush of money coming out something anytime that happens. You're going to see the costco when there's no one controlling the spigot. No one's got their hand on the valve and the beauty of this is that we the consumer are watching over things and I think the H._s._a.'s really going. It'll be one of the big answers to the healthcare issues not socialized medicine. This is the Dave Ramsey hey guys it's Blake Thompson senior executive producer for the Dave Ramsey show this hour's over but you can find more great content with our youtube chill catch the most watched neighboring debt-free screams very popular everyday millionaire second go to the Dave Ramsey show youtube channel scribe. Hey guys if you're looking for real world leadership and business advice from the top minds and business check out our entreleadership.

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Respect Your Spouse Enough to Tell Them "No" (Hour 1)

The Dave Ramsey Show

39:53 min | 2 months ago

Respect Your Spouse Enough to Tell Them "No" (Hour 1)

"From the headquarters of ramsey solutions broadcasting from the dollar car rental studios. It's the dave ramsey. Show where. Data's dom cash is king and the paid off. Home mortgage has taken the place of the bmw as the status symbol of choice dr john baloney ramsey personality and bestselling author of the redefining anxiety. Is my co host today answering your questions about your life. I'll answer your questions about your money and we'll probably both answer your questions anyway. Open phones triple eight eight to five five to five. That's triple eight eight to five five two two five. James starts off this hour in tampa florida. Hi james welcome to the dave ramsey. Show dave and dr d. How are you guys great man. How can we help so my question for you guys today I am planning on proposing to buy girlfriend's And then coming near congratulate. And i appreciate that. We've been together for about three over three now And so yeah take that next. Step forward Started looking at rings and things like that and my question though is i am debt-free But she has quite a bit of that and so. I'm trying to figure out how to start planning for that after we get engaged got married to buying bank accounts and all that stuff. How do i plan to tackle per day for basically going back from baby step or debut set to launch. Exactly what you'll do whatever money you have in savings when you come home from the honeymoon you will throw it at the debt snowball and the two of you will combine your households your incomes and you're you know you're gonna work her dad off then the two of you answer. How much data. She got Probably going to be around six. I guess five to sixty thousand dollars okay. And what's her attitude about all that Well it's funny aspect. I've been trying to ease this conversation and with her And trying to talk about or have dreamed of precision. That you guys talk about a lot having had that conversation yet But she's on board with it but she she's not believe that i said we can do it in less than five years and i told her i said okay. Well don't jump on board with me and you know we'll do it under five years. I can promise you that. And she. she doesn't believe me. Remember what is your. What is your income. So my i make about fifty thousand dollars but mission so they should probably be around sixty five which measures nurse. She's a nurse probably makes it a fifty five thousand okay. So here's a simple thing that a nurse can do. Anybody could take okay. Is you make a hundred thousand if you put if you put thirty thousand out of one hundred on your debt. You're debt free in two years exactly checkpoint and she that if you say that sentence and she rolls her eyes then you've got a problem right and i think i i'm wondering how you've been with somebody for three and a half years and you're still you're about to buy an engagement ring and you're still tiptoeing around any conversation like you don't tiptoe around dreaming conversation brother you've been together for three and a half years like what is stopping you from sitting down in having that that should be a point of joy and appointed coming together. Not some sort of apprehensive moment. Why are you waiting to have that conversation. I really don't have a reason. I just i just haven't done it to be completely honest. Give her that gift. That's a gift to any prospective spouse male or female for the other person to sit down and say. I want a dream together with you. That's awesome man. That's a good place. And as dave said. This is a math problem. And another thing i can do especially in. This universe is work saturdays for another nine months and make a whole bunch extra money and you can do something on the side and y'all take that to two years and cut it down to eighteen months or maybe even fifteen months. If you'll get bananas i left out. How much have you got in savings. Doubt about forty five thousand okay and she has fifty and she has fifty thousand dollars in debt. So if your check for forty five thousand or only ten thousand left right after you're married and you're making one hundred thousand so you should be debt free in two months. This is the greatest call of your life brother. We've solved all of your eye. And then you're going to rebuild your savings and she can't be nervous about using your savings because she's not gonna savings so she's already should be nervous right. Yes completely agree. You are gonna have to work on the pronoun problem. Which is this is going to quickly become not her debt but y'all's debt our debt our debt our beyond your savings our savings. That's right yeah when you are married and come home from the honeymoon the pronouns chances are now french we we do stuff now. We do stuff together right. It's your stuff my stuff. It's unless the dog goes on the floor and then it's your dog other than that. It's everything else right about. Oh my gosh. That's your child is misbehaving. that's right. he's your son. That's actually a rule. My wife and i have. Yeah whichever whichever be standing in the military paying. He's your son ever behavior. The principal calls us on that person's got to go to the guy. I'm just saying that's right. I agree with her on that part. Yeah now change your pronouns as soon as you get married and you can say and you can even do that in the dream meeting and say how is life going to look like for us we. What is it we're going to do. And what if we took after marriage and applied forty five thousand to fifty five thousand with debt and in the meantime you work like crazy and you've already paid it down ten from working weekends and so when we come home from the honeymoon. We're like debt-free a coolest that that would be a dream. That's better than five years five years kind of sucks. Yeah and your life right now. Kind of sucks. So maybe we can fix this thing. Expand dream not a bad dream. We're gonna put financial coaches and counselors out of business. If we solve people's marriages like that man. Now well let me sharon in our own about our third date. I was driving a monte carlo with two hundred eighty five thousand miles on it. Third engine second transmission was going to say. That's back when i was i. I mean i had driven this car. I it was on its third life and i was explaining to her. I had a dollar sixteen in my checking account. And i was explaining to her how someday i was going to be a millionaire in about the time we went across the railroad tracks and muffler fell off my car. So this is. This is a dream meeting right. The dream the dream meet. What could this look like and and you know the strange part is the moment actually believe me and she was right right. Because i'm so dumb. I've done it twice a millionaire twice two different times now. Oh my gosh yeah. That's that's that's the dream meeting. That's what you're doing and it's okay. If the muffler falls off the car in the middle of dream meeting but just Have it and sit down and change your pronouns and start laying out some math plans and start talking about going through. Maybe you go through ramsey plus during this year While you're planning and getting married and finish up then revisit after the marriage and that kind of stuff you have a whole year lined up to do all that very cool man very cool open phones at triple eight eight to five five two two five. This is the dave ramsey show. Yes folks mortgage rates are really low. And wow that's great news. Watch out for mortgage lenders with a slick pitch claiming they have the lowest rates. Those deals often come with bad advice in hidden fees. Instead i want you to call churchill mortgage to buy a new home or refinance because they think like i do call today triple eight loan two hundred or churchill mortgage dot com. This is a paid advertisement in. Mls id one five nine. One in molest consumer access dot org equal housing lender seventeen forty nine mallory lanes. One hundred brentwood tennessee. Three seven zero. Two seven dr john loney ramsey personality bestselling author of the book redefining anxiety. What it is what. It's not and how to get your life back for taking your questions about your life and your money open phones at triple eight eight to five five two two five. Jake is in san francisco. Hi jake how are you. I'm doing good dave. Hey thank you My question is i just sold a rental property all close next week and i'll be set free for the first time in my life alright and on unexcited i I just sold this property close. I'm going to have about a half million Cash to put. And i'm i'm thinking of putting it just into retirement into mutual funds and i have about two seventy five or more in mutual is right now so give me about. I may be close to eight. Eight hundred and my home is free and clear. And it's worth about a million. And i have a rental in newport That's about inside and we're both free and clear paid for. Why are they killed graduations. Thank you thank you. yeah A no happy about doubt and thank you. I've been on the leadership team for potential teach times and love that program and anyway Just trying to figure out When i do this is that. If i put it into the mutual funds right now i i meant basically story on chip growth fund and then the snp index and then a balanced fund. That's about thirty percent bombs. And i think the blue chips up about fifty two percent this year. S p and. I think is probably around fifteen allen the balances of their team. So i'm thinking about splitting that money and putting in there Nervous because i've been real estate my whole life and i sell. It is an agent. And i'm retired now and so i'm just trying to figure out Whether that's a good move to to split it like the rest of this stuff. I have those we in neutral funds and drake. You got you guys. Reform million dollars I think you're not gonna mess this up such spreading it across those threes. Probably all right I could do that. I have my mutual funds. Four types growth growth and income aggressive growth and international. I'm not big on bonds. Because they haven't kept up with equities in terms of long term track record performance. I'm not a fan i'm sixty years old. I don't have a diamond bonds Just to give you an idea. So i'm seventy seventy six right now so you're not gonna use this money somebody else s well see what i can do to spend it you know you. Can you take a run at it. But you're have to get pretty crazy man to go through all this but you can do that. Here's the thing i think you're looking for. I think you sit down with a smartvestor pro. Click daveramsey dot com. Click smartvestor and sit down with an adviser. That and. here's what i want you to ask them about. Look at some what's called low turnover mutual funds. One place you can always find. Low turnover is with an x. S and p five hundred index fund. Low turnover simply means. They don't sell the stocks inside. The funds. Very often almost always. It's a by hold strategy. The turnover rate is five percent or less therefore all of your growth is going to be capital. Gains growth are almost all of it is going to be capital gains growth. So you don't mean taxes on the growth until you cash it out and when you do cash it out if it's been in there longer than a year it's going to be taxed at the capital gains rate not an ordinary income rate so fifteen percent instead of whatever your tax rate is thirty or thirty five percent and so i personally do a lot of low turnover mutual funds. I'll throw money into an s. and p. five hundred and just sit there two or three years and then go piece of real estate with whatever it grows to. That's what i do with it but if it just sits there the point being that if you buy a sheriff's stock for fifty dollars goes up to seventy dollars you do not pay taxes on the twenty dollar gain until you sell the stock right right and so it's growing like real estate does with. Oh you're you're getting a tax deferred growth. You don't have to pay taxes on growth until you cash in and so the low turnover. Mutual fund keeps you from having to pay taxes every year on the growth. Where if you buy a high turnover. Mutual fund like for instance aggressive growth stock mutual fund. Times they'll have like a not a five percent turnover but they may have a two hundred percent turnover. They may turn the whole thing over twice a year which means every bit of gain that that thing has his taxable that year and not taxable at capital gains right cap taxable at your ordinary income rate. Which is at least double of otherwise. So you're paying twice as much taxes and you're paying them on your and you're paying them every year rather than letting it leading the tax money grow more money for you by letting it sit in there so you have to pay taxes on gang growth on on the gain before you even cash it out on a mutual fund. You do if they have cashed it out inside the mutual fund okay so like a mutual ninety two hundred stocks and if they're selling out every time they saw one of those stocks whatever that stock has gone up in value. That amount is going to be taxable for you that year. Even if you're not holding a cash in hand even if you are have not cashed in they cashed in inside the fund so you could conceivably pay cash or pay taxes on a mutual fund year over year. That ends up money. Some day you'd pay taxes against something went away but holding that money and You know if you buy sheriff home depot stock. And i don't even know what it goes firms making this up and it goes from fifty dollars seventy dollars and you sell it right. You're gonna pay taxes on that twenty dollars on that twenty dollars right but you're not if you hold it okay until you shall it and if you hold it longer than one year it's only taxed at fifteen percent there you so multiply that times ninety two hundred inside of a mutual fund. And that's what's going on all those things spinning out or not spinning out gotcha. So as long as they're sitting there and they're not selling them and ninety five percent hold rate is considered a five percent turnover rate is considered a low turnover or no turnover mutual fine an almost all your s and p five hundred of that. Because they're just trying to model the five hundred k. They're buying them and just keeping them and that's one place you can find them but you can also find other mutual funds that have a low turnover rate in them. But that's what i would look for if i were in that. Mix in that. I know look for because this is what a freaking because i do anything i can to be tax efficient and get good right of return and some other is about so much real. Estate is i might. It goes up in value. Don't pay taxes on the growth and value. My net worth goes way up and i don. I don't have the cash in my pocket right when a piece of property goes from one hundred thousand two hundred fifty thousand in value. I don't have that fifty thousand in cash. But i do have that value. They're gonna get to it if i wanted to sell it but i don't so open phones at triple eight eight to five five. Two two five joshua is in knoxville. Hey joshua how are you. Dave dr dawn. How are you all right man. What's up business for eight years and i'm wondering if i should go ahead and build a warehouse for business. What's the growth curve on your business. Been about fifteen percent every year besides for this year. I'm down about thirty percent. The some of the virus if we didn't have the pandemic in the last five years your business is tripled. Yes pretty close so when you build a warehouse or you're going to build it for five years from now three times as big. I'm hoping agree. You're going to have to move out of your own warehouse. Well are currently rent. And i've got about two thousand square feet to build around thirty five hundred. Now you see my point is you're gonna to be out of that thing in two and a half years because you're gonna take right now. I've got quite a bit of room. It's more getting more orders in really you know. Yeah any okay here. Here's let me let me give you the brief synopsis on real estate. As you know. I love real estate so your brief synopsis. That your business is growing so fast that if you're not careful you're going to own a piece of real estate and you're going to go. I don't wanna move 'cause i own this now. The real estate is wagging the businesses to the business wagging the real estate the dogs wagging the tail or the tail wagging the dog or bashar bag at the hackers. But anyway you shoot him. Saying i bought a piece of real estate and it became me keeping the company in the real estate. Start mess up the company. I started trying to take care of the real estate to try and take care of the company and so the only way that's going to work because if you buy big piece by a bigger warehouse so that you can stay there awhile and then when you move you need a marketable warehouse that you can sell it or rent it out when you move out of it because that's what we did with our old building. We had to move out. I we outgrew it three times over dr johnny dot. Dr jonas. dr. John loney That's his name is my co host. Jeannie i can. Dr chachi journal chachi joining own. My gosh open phones at triple eight eight to five five two two five on the debt free stage in the ramsey solutions lobby. Tyler and jessica are with us. Hey guys how are you good. How are you better than i deserve. Welcome it's good to have you guys live all the way to nashville so much debt to pay off two hundred eighty thousand nine hundred and fifty dollars and twenty six cents scored mitch. How long did this take twenty three months and your range of income during this twenty three months. Eighty four thousand two hundred and thirty five thousand. Oh okay and what do y'all do for a living. I am a middle school counselor. I'm in sales. Okay cool okay. So you did not make two hundred eighty three thousand during that period of time which tells me you must have sold something. We sold our house right. What your house bring. We sold it for one hundred. Forty thousand okay. We were moving so anyway. Yeah so when sold that paid off the mortgage debt. Obviously so you're renting now we we. We now have bought a house since then saying yes. Okay yeah and what was the rest of the debt. The other one hundred forty sallie mae all sally ten thousand dollars a car loan but you stood out there so that's better and also alley show. What happened twenty three months ago to get you guys on fire we well. We decided we wanted to move closer to family. I took a new job and we decided with the house we had. we weren't getting anywhere with our loans. We're doing day this. We decided to go all end. This is the perfect time and we sold our house. We put everything we made from the house into our student loans and just went after from there. Okay all right and then after that you were able to save up a down payment and by later okay all right way to go you guys. Wow i mean that just took off so what i mean when you made the decision to move what made you decide to say okay wall. We're moving we might as well clean up this mess. Yeah there's a couple things. We were looking at houses and where we're moving. Houses were more expensive so we decided to wait and we have a little one at home aurora. When we found out we were pregnant. Were like let's get it done and we're going to change her life man so he got more jobs. Yes more and more jobs. What do you tell people the key to getting out of debt. If if you have a spouse communicate be okay with telling each other. No respect each other enough to tell each other. No you can can get it done. I remember we would sit there and ask each other vice stuff and let me. Just ask the question. Does this align with our goals. And if it didn't we didn't buy it so we literally did nothing for twenty three months. You had no life correct basically now. Now you're free and you live like no one else on now you can live and give like no one else and aurora has a whole different future. Because he it's amazing. How old are you. I'm thirty three thirty two impressive. He's gonna say. I would affect over twenty five and twenty six. I wish beautiful as you feel right. How old is now. She's gonna be ten months next week. And so how much of this stressed you feel like she internalized versus what she's going to be able to live with without you know that was one of my biggest things is. I didn't wanna live in a rental. And now i'm thinking she's never going to remember right and we get to tell her this wonderful story someday and she's never going to have to live like we did before so eighteen. Your mom paul. Who came to who with the idea. We my brother's been doing it. My he's he's out of debt. My sister did it So it's kinda started with my family but our support group of both of our families I've known of it. And that's why we've been doing dave ish for longtime and we decided this is enough. Let's get it done so there's no big your salesman for a living so there was no big sales job here. It was as much as of a math problem in Honestly didn't i mean he told me about it when we were you know going out and then college and i was like that doesn't seem like that will ever happen. I have over one hundred thousand dollars in student loans. And i remember the day we sat down at the table and finally rolled out all of our loans and i just cried and i thought that moment would never end and i can't believe we're here. I can't believe it happened euros. Complete heroes you completely stole today and so proud of y'all inc jerry. Well done very well. Who are your biggest cheerleaders our family and then his brother and sister guys brothers season in the middle of this story for sure just kept telling us to to keep going and keep living where we were living in it without him or family. I mean especially mine and hers as well. We got so intense christmas. We were like no gifts because 'cause they got it and they supported s. So that's very cool. Well congratulations after all of this house. Your field amazing amazing screen. You can see it on their face. The glass lightbulb. right man. yeah well done. Well done. Are i tyler and jessica des moines iowa. Two hundred and eighty three thousand dollars paid off in twenty three months making eighty four to one thirty five. We've got a copy of chris. Hogan's book for you every day millionaires. That's the next chapter in your story counted down. Let's sarah debt free scream to so maybe i love it. Well done well done well done. That's so cool. everytime never gets old. Today's the last day to enter our ramsey christmas cash. Giveaway could be your chance to win our grand prize of five thousand dollars now. That would make christmas special. Wouldn't it inner daily to increase your chances of winning. Today's the last day so it's not daily it's today and go to daveramsey dot com slash giveaway. Our team is using every reason to give stuff away. You can now pick up our life-changing books for about ninety percent off during our week long green monday sale get books. Like the number one bestsellers. Total money makeover. Dr john bolognaise new bestseller. It's a quick read redefining anxiety. All these are only tin bucks and redefining anxiety is selling whoop. White-hot going crazy yup. These are exactly what every household needs to make a plan and get control. Enter to win a chance to win the five thousand dollars and get some deals all at daveramsey dot com. Today is the last day to enter. We will be announcing the winner coming up of the five thousand dollars in the next few days. So you don't wanna miss that and you don't wanna miss your chance to get registered and take a shot at five grand five grand slot i would. I've registered myself i. I'm just kidding. That's right and provided violate the rules. We drew your name would not say. Look john one we would say what is john doing. And he's fired right. so five. Thousand bucks is awesome in five. Thousand bucks is awesome and it's called the be thinking about gifts that actually going to be something other than a plastic toilets gonna end up in a been somewhere or some knucklehead. Something or other gives them. That's actually going to help. Somebody's life when we were kids. Mom never in the real estate business and we moved so much that we had. We just kept all the boxes that were labeled And we had two boxes. That never got unpacked. Seldom used kitchen items. But we're going to keep them when we're going to keep on your seldom-used we bought a bunch of crap in our culture that is of no value none so don't buy them a seldom used kitchen item by them. Dr john loney book and you'll change their life actually usable. They will not go into the box. Seldom box not not say. Seldom this is the dave ramsey. Show up dr john. Baloney ramsey personality is my co host today open phones at triple eight eight to five. I two five devon is in denver. Hi devon welcome to the dave ramsey show. Hey done better than i deserve. How can help so my wife and i. We started your program at the beginning of this year. We're currently on baby steps number two. we've paid off a little over twenty thousand So far and we got right at nineteen to go Aside from our house but my question to you is My wife is currently expecting and a. Yeah who who who for us right so but we know we're going to have to pay a seven thousand dollar deductible next year to march Because of the way that our interest is so i'm curious. Do we keep going away on this debt snowball or do we stop and start saving up for the seven thousand dollars that we inevitably no. We're gonna oh in march you got you got really good instincts devon. Yeah you stop your baby steps you push pause on your total money makeover baby steps okay and you save up as much as you can save up between now and the time by becomes whatever. The expenses are out of pocket that you have to cover like the seven thousand dollars. Obviously you need to cover that. But i'd love for you to save even more. I mean what if you saved. Seventeen thousand dollars okay and You know mom and baby come. A baby comes mama become home from the hospital. Everybody's safe everybody's good and you write a check and you pay off the seven thousand dollar deductible and you have ten thousand dollars left you push play on your baby steps again. Your debt snowball is where you are and so you would take the ten thousand dollars out of that account back down to one thousand dollars and you throw it at your smallest debt and game on again and you lost a very little traction on your overall plan except your deductible in the story. I just told perfect. Yeah sounds like a game plan. Yeah congratulations man. That's awesome good for you. How proud of you good stuff open phones at triple eight eight to five five two two five. James is with us in redmond california. I james how are you. I'm focused certainly not finished Dave that john. How the heck are you man. We're doing good today. How can we help some I have a question about baby steps. For i am not there yet. I'm baby step two. So i am not contributing to my retirement yet My company offers very juicy match. That i intend to take advantage of when i got there. Good yes. I had a question about about this because they only offer a traditional 401k. Spore that retirement and not ross. And i i get the logic i get the logic and totally agree with you on roth contribution. So how do. I take advantage of the match. When the company doesn't offer a four one k. Through you know through the servicer van but in this case right they don't have a roth option doesn't matter you still take the match but i wouldn't take more than the match. So how much is the match. What percentages so it starts. It starts at At eight percents And then after three years of service to the company jumps to ten. Okay so you have to put in eight or ten to get them to match the eight or ten. They they match up to i. I have to look exactly how it works. But they match up to ten percent of your eligible pay. If i recall correctly but do you have to put in that ten for them to match. I yes yes. I believe so. Okay so you're gonna put let's just call it ten. Let's say you're putting ten percent into a traditional but you have a one hundred percent return. The instant you do that because they're gonna put in another ten. There's no mutual pay hundred percent red return. So that's why you always do the match right. Then i would stop and for the other five percent to get you up to fifteen percent. I would jump over and do a a personal roth. Ira in good mutual funds now. What is your income So my job currently Pays me fifty seven. I'm i'm doing this allenton. So i'm also doing mortgages And delivery. So i think my income will probably be at about one twenty okay then. Five percent is going to be about six thousand dollars. Which is a roth. Ira oddly enough right. And so if you do if you make if you make one hundred and fifty then you're going to go onto the third step because you can only put six thousand in your off and and you've got your ten percent match but you still need to put more into something and you've run out over off options and run out of match option. So now you've got to the third option which is just a traditional so that means you're going end up putting more than ten percent if you make more than one hundred twenty into you might build eleven or even You know eleven percent whatever it ends up being to get you to the actual dollar amounts that equate to fifteen percent of your income. And so that's very good. And don't forget to hold the taxes out on your side hustles if they're not being done already to. That's a good point. Sneak up on because you can get to where your key cabinet that ten ninety nine russ you in the head metric. You get that puppy. In 'cause i mean it sounds like he's making some serious bank if your mortgage brokering in their ten ninety nine you're contracting that as well then more than half your income you got no taxes coming out right and that's a good call. Suddenly you look that big mega number and it says one hundred and twenty. Eight hundred fifty. It feels so good but it's not that much right. Yeah well. I mean you do need to do the fifteen percent calculation on the on the gross number right but yeah you better be setting those taxes back in addition to what we're talking about so really cool man you're hustling you're hustling good for you get after it. Lyle is in meridian idaho. Hi lyle how are you doing. Good dave how are you better than i deserve. What's up so I just had a question for it because I i graduate student Here in idaho. I did the thing that every financial penny pincher would have a heart attack over. I went to medical school and medical school and But before i was accepted to medical school. I did or door sales as an undergraduate and i made a good chunk of money and i put some money in investment towards a like a part ownership of an airbnb and nashville And i just kinda wanted to hear your thoughts on the hope of of investing in Nashville property was. Have you know some residual income every quarter. And we were my wife. And i are planning to take that residual income and you know put it mainly the main folks put it towards our daughter's future. We have a two year old baby girl and but since cova has a Mayor coming up your feet thing didn't he. Yeah i did. But i mean the first year we had. We bought it in two thousand. Eighteen is more. Yeah yeah sell it. Yeah so yeah so. It was working out shelat salad. You live in freaking idaho. It's in nashville. Do you are spread so thin. You have your you so many things are garnering for your attention. And you're do none of them. Well you need to concentrate on med school getting through it and paying cash and use that airbnb to do it. You got too many balls in the air. You're juggling rose. One going to stick you in the i get rid of that thing. And it's that nashville properties. What it is and yeah so just let me. Yeah you're right every financial penny pincher in america. That would be me. I'm the king of them. I am the king freaking penny pincher. I'm not cringing about. You're going to med school. I'm cringing about you going into debt by a property entirely across the continent for airbnb in a city where the mayor shut down the whole economy. The only city and tennessee where that has happened by the way so. And i've got friends who are doctors whose kids are college and they're paying off their student loan still and so when. You're borrowing money to go to med school and your borrowing money to buy an investment property. So that your daughter. that's just priorities are on wack. Yeah too many things going. Anything's you're the best thing you can do for. Your daughter's future is get through med school debt-free and or pay that debt off asap. One of the two. You cash life trying to borrow your way into wealth. It's not the shortest method. This day ramsey show This is james childs producer. Of the dave ramsey. Show on your smart speaker. You can add our skill by saying alexa opened the ramsey networks skill from there. You can listen to all our shows. Ask dave money questions. Like how do i invest my money. Or what is the debt snowball. Find out more at daveramsey dot com slash smart be. Hey if you've got questions about retirement investing becoming an everyday millionaire. Go bigger and broader with my man chris hogan on the chris hogan show. I am excited to be able to talk to you all weekend and week out. We're going to focus on your calls and it's going to focus on building wealth investing and how to become an everyday millionaire. Subscribe to the chris hogan show wherever you listen to podcasts. Hey it's james producer of the dave ramsey show. This episode is over but check the episode notes for links to products and services. You've heard about during this episode. Thanks for listening.

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11 Trivia Questions on S.D. Answers

Trivia With Budds

10:49 min | 1 year ago

11 Trivia Questions on S.D. Answers

"It's eleven trivia questions on D. words. Were all of your answers. Are Two words one starts with ask one starts with. This is trivial with buds. Learn what be in. Welcome to another episode of the Trivia with Buds podcast. I'm your host Ryan Buds. Thanks for checking out my show. If you're brand new hit subscribe so you never miss a new episode. These come out every single day on Youtube in spotify and pretty much any podcast APP. You might be listening to so. That is the easiest way to stay up-to-date on your pop culture trivia. We have done just about every topic you can think of but if there is a topic that I have not gotten to you can always go to Patriae dot com slash trivia with buds. And for five dollars or more. You can donate to get your pick of topic. We have tons and tons and tons of cool rewards in tears on the show and Shout out to my longest running patrons just whitener and Alex Smith. I was looking at the records and they've supported this show for twenty three months. That's almost two full years and that means very much to me. Thank you so much Alex and thank you so much jess on since the very beginning Some of you have been on for like a month or six months or eighteen months and I'm just floored every time I get a new patron email so keep those coming if you want to support the show and everything. I'm about getting ready to switch up all the rewards again in March. I do that every so often. So be on the lookout for some new polls unpatriotic and surveys of stuff that you might want one of may be a puzzle of the week thing. Where for maybe like the three tier? I send everybody a puzzle that I come up with like a worksheet. You can print off and submit. Everybody that submits that correctly. We'll get a raffle entry. Surprise that give off every single week so that is just one idea. That's kind of been floating around my head. Some kind of worksheet thing so be on the lookout for them and thank you again to all. My Patriots couldn't do this show without your support. I could probably do it but I wouldn't do it. Nearly as often as I do it every single day I feel like I would probably do it. Maybe once every few weeks that I'd forget about it and stuff like that but you guys keep me motivated and focused on putting out something every single day. All right we're going to jump into today's episode. It is eleven questions all on S. D. words. My friend Brent Barky from Minnesota sent me the idea for this one. It's a what they call an initial round so all of the answers will start with s n d like Santo Domingo for example. That is one of the answers. But that's what we're looking for. We're going to those questions right now. Here we go all right here. We go with some. Ssd Style Trivia all the answers will start with S MD and those two words number one. The original title for this cartoon series was who's scared but the network thought it needed an animal as a main character. What do you think that was number one number one? The original title for this cartoon series was. Who's scared number one question number two? This rapper was born. Calvin core dozer broadus junior. This rapper was born Calvin broadus junior. Who Do you think we're talking about their toop question number three dating back to nineteen sixty five. This calling feature is almost defunct. What would that calling feature be? Almost defunct started in nineteen sixty five number three question number four appearing in the first seconds of the original star. Wars Film. What would that be? Sd initials number four appearing. In the first second of the original Star Wars Film Question Number Five. Let's see what that one is songs written about this location include bing crosby's where the turf meets the Surf and Bruce Springsteen's Balboa Park but with that location be number five and number six. The main manufacturers of these devices are first alert and kid. That's the main manufacturers of these devices are first alert and kid question number seven here you can go visit the custer county landmark crazy horse memorial. Where would you be for that number seven here you can go visit the custer county landmark crazy horse memorial number seven questionable eight the full original name of a Tangy orange drink from doric foods in one thousand nine hundred sixty three the original full name a Tangy? Orange drink from doric foods in one thousand nine hundred sixty three question. Number Nine Huey P. Long Jimmy Carter and Al Gore are notable members of this political affiliation number nine. What political affiliation would those three in number nine question number ten the largest and most trustworthy coupon offer sharing community on the Internet number ten the largest and most trustworthy coupon and offer sharing community on the Internet number? Ten in your bonus. Two Point Question. You have to name as many as de initialled celebrities as you. Can you can yell out. You can write him down Hover. You want to consume. The show is up to you. But that's what I was looking for my live the team that could come up with the most asks de inicial celebrities. I'll give you a few in the answers and those are all your questions for today's episode. Sd words. We'll be right back in just a few with the answers we're back with the answers to SD words. Let's see how you did on this quiz number one. The original title for this cartoon series was scared but the network thought it needed an animal as a main character. That was of course. Scooby Doo. Scooby dooby DOO number two. This rapper was born. Calvin core does our British junior speaking of Dube's Snoop DOGG SNOOP Dogg. I saw the newest addams family animated. Movie Snoop Dogg. Was credited as cousin. It and the only thing they did was Cousin it rolls up and snoop. Dogg Song is playing in his car and then he gets out and he talks because it doesn't really have like dialogue. It's letting you know so it was like snoop Dogg's voice but all warped. I might get paid for this. This is ridiculous but go look that up and not laughing at number three dating to nineteen sixty five this calling features almost defunct speed dial. We don't really call it speed. Dial he just call your favorites. I think that's what you'd call it like an iphone speed. Dial no one says anymore number four appearing in the first two seconds of the original star wars film I was looking for Star destroyer. The big imperial ship right at the start of the very first. Star Wars motion picture. Some teams wrote scrolling dialogue for this one which kind of makes sense but it's not really dialogue because people aren't speaking it'd be more scrolling text so. I gave it to them because I thought it was clever. But it's a little off number five songs written about this location. Include Bing crosby's where the turf meets the Surf in Bruce Springsteen's Balboa Park San Diego San Diego setting for Anchorman. Great Comedy Number Six. The main manufacturers of these devices are first alert and kid those would be smoke detectors smoke detectors number seven. Here you can go visit the custer county landmark crazy horse memorial South Dakota number seven South Dakota number eight the full original name of Tangy orange drink from doric foods in nineteen sixty three with Sunny D. Sunny delight number eight number nine he long. Jimmy Carter and Al Gore are all notable members of this political affiliation Southern Democrats the Southern Democrats those three specifically and number ten the largest and most trustworthy coupon offer sharing community on the Internet is slick deals. I get a lot of trivia prizes and stuff for myself off a slick deals dot net. Go check them out and number eleven you had to name as many. Sd initialled celebrity. Names as you could. I hope he came up with a healthy list. Here are three that jumped out to me. Sandy Duncan from the Partridge family. Stephen Dorf from blade and Shannon Doherty from nine to one L. If you thought of a time more than those you can tweet me or send me a message. And I'd love to see your list of s De inicial people guys. That is it. Forte's quays thank you so much for playing along having some fun with us here on the PODCAST and the Youtube Show. Let me host an event for you around. The country could be anywhere. I'll fly I'll travel. I'll get there by plane train or automobile this month. I'm doing a show for Ketchum Universities Pharmacy Program as a student appreciation night. Next night I'll be doing a reading partners event at boomtown brewery in downtown. La So if you have a fundraiser coming up an appreciation night at team building thing Trivia Bingo game shows they all work fantastically to entertain your groups for those and Ketchup University. I think is hopefully some sort of pokemon reference to Ash Ketchum. That'll be awesome. But if you have something going on drop me a line hit the contact form at the top of Trivia with buds dot com or email and buds at g mail DOT COM. It's time for one more question. Called the question of the day brought to you by Funky monkey designs and the question of the day is who received a peabody award for his comedy central. Show that debuted in two thousand thirteen. Oh sorry who received a peabody award for their comedy? Central Show could be a boy. Good girl that debuted in two thousand thirteen. Send Me Your answer at Ryan. Buds or email Ryan buds gmail.com to be eligible for a prize and that is sponsored by funky monkey designs. Check them out for all your printing needs. Fm DESIGNS INC DOT COM. Yesterday's question that they answer was Michael Moore. And Your Trivia team name of Today Is Commissioner Gordon Ramsay Commissioner Gordon and Gordon Ramsay Mashed together for a Batman. Hell's kitchen cook off. Thank you so much for listening telling a friend and we'll see tomorrow for more trivia with me cheers

SNOOP Dogg Ryan Buds custer county Bing crosby Youtube Bruce Springsteen peabody award Al Gore Alex Smith spotify de inicial Santo Domingo Brent Barky South Dakota Patriots Gordon Ramsay Commissioner Gor Commissioner Huey P. Long Jimmy Carter S MD Sandy Duncan
Don't Buy a House When You're Broke (Hour 1)

The Dave Ramsey Show

40:02 min | 2 years ago

Don't Buy a House When You're Broke (Hour 1)

"The headquarters of Ramsey solutions. It's the Dave Ramsey show. Were NAT is gone cash is king and the paid off mortgage has taken the place of the BMW as the status symbol of choice. I'm Dave Ramsey your host. This is your show America. Thank you for joining us. Open phones at triple eight eight to five five two two five that's triple eight eight to five five two two five you jump in. We'll talk about your life and your money Meghan starts off this hour in Minneapolis. Hi, meghan. Welcome to the Dave Ramsey show. Hi, dave. I'm excited to talk to you today. Better than I deserve. How can I help? Okay. So I just wanted to start off by saying, I am finishing babysat number two this month. And I couldn't be more thrilled. But I do have a bit of a different question for you today. So in order for us to be able to get to where we are with the hang off all debt. My husband's brother, this family moved into our house about six months ago, and we're currently sharing all over fences in the home. My question is the minimum of the five year plan for us. But when they go to move out, I feel or a believe that it's fair that they'd be incentivized. They're paying half our principal on our mortgage. How would you go about incentivizing them? They're gonna live with you for five years. Yeah. We don't want to knock through all right baby steps and live like no one else. So we can live like no one else later. Wow. I have to say out loud. I couldn't do that. But if you want if you want to it's your choice, I don't really have precedent for what would be fair to someone living in your house for five years and sharing your expenses. They're getting a deal are they not? I mean, like half rent what they would pay somewhere else. Right. Right. Okay. And they knew when they moved in that it was they knew when they moved in. It was your house. Right. I don't know that they need to be incentivized with half of your principal. They're just paying rent. I don't I don't incentivize a renter. That moves into a rental house with giving them a kickback for the principal. They're paying off because they're not paying off the prince blind him, I'm using their money to do it. But the income off the rental house, but this income they moved in because they lowered their expenses overall you allow them to because it lowers your expenses. Overall, one of your expenses happens to be your house. So no, I don't I don't think that's necessary. Again, it's hard for me to kick. Gret my brain around it because it's just not something I would do. But but but I'm not saying it's bad to do it. I'm just saying I wouldn't do it. But the. I'm not even sure I like my dog living in the house with me. But. Oh my gosh. And that's my dog. I'm kidding not much now. No. I would not incentivize them. I wouldn't do that. But if you want to it's okay, but you're asking my opinion. And I I think they're getting their deal by reduced expenses. Camille is in Atlanta. Hi, Camille, welcome to the Dave Ramsey show. Hi bays. Better than I deserve. What's up? Good. So my student loan will my private devote right now. And they offering a settlement at forty one forty eight thousand which is not what I have. I actually feel like a good a good number that gives him back is about twenty thousand anywhere from fifteen to twenty thousand. I still don't have that. So my question is my roommate, and I was longtime roommates we're looking to purchase a home next year. I've run keep going up here. And I make about ninety case a house. I have have money I paid the most of my bed phone once left other loans. And so my question is if I purchase a home of hurt you think it's a good idea to go into purchases home with the idea of paying it off. Once we sell it. Purchase a home with a roommate. Absolutely. Not not not because everything that can go wrong. Will we call them the dis? You're forming a partnership divorced default drug use disinterest. Disability death any of those things occur. The other one of you is screwed because you're attached at the hip with handcuffs called a home mortgage. And there's no easy way to get out of that very very bad. I did a buy a house with somebody. You're not married to so no, I would not recommend that. And you don't need to buy a house. Anyway, you got the student loan debt. You gotta clean up. I going to get the twenty K or forty eight. Why would you be buying a house? If you're too broke to clean up your. Yeah. My my goal was maybe parts of the house and then in five years, so it hope and in with the with the prayer that it it makes me money. And then that's that's a good one. With a house when you're broke. So now, let's let's get things in the right order. The right order is we need to clear up our debts. Build an emergency fund and save a down payment you make ninety thousand dollars a year. You can afford a house when you've gotten your debts cleared, and so what is the balance on this private student loan, the total balance that they say you total not what they're offering. At the moment because I'm in the forgiveness of the the interest rate program or whatever and it's been collections. But anyway, it's ninety six thousand and their own rose settle that for forty eight. Something like, yeah dollars. We'll settle for less more. No, it's a private student loan. It's not a federally insured student loan, right? These are the private even though the federals are about the same amount. But I just haven't gotten around figuring out with the best label you have another ninety thousand in student loan debt. That's federal hundred by this time. The in addition to the private, right? What is your degree in? See I sociology and you spent two hundred grand. It with all of the interest and everything and a years worth of graduate school. Yeah. Wow. Okay. News as you're making ninety. So that that's just gonna take you while to clean this up you need to rent as cheaply as you can possibly rent get on rice and beans. And I my one of my very first goals. How much do you own your car? Eighty eight thousand I'm going to be paying that off in the next six months. Okay. I want you to list all of your debts smallest to largest pay minimum payments on everything. But the little one attack the little one when you get to a twenty five thousand dollar number on that. Debt snowball, you save twenty five thousand and you offer it to the private student loans. If you can clear them, you're not gonna get settlements on the federal the federals. Federally insured, do not settle they will waive some late fees. Sometimes they'll wave some interest and other miscellaneous collections charges, but but they will not wave the principal because it's federally insured. The federal government is going to give them the principle of you don't. So they do not settle on that part. But yeah, you need to clean up. You got a lot. You got a ways to go. Here mean you made a pretty good size mass. And so get your car paid off. Let's work through the private student loans work through the federally insured. Loans, and this take you years, but you need to rent something cheapest possible, you definitely do not need to buy and you for sure don't need to buy with a partner with a roommate danger. Danger danger? Don't do it. Talked you out of that. If I did or not this is the Dave Ramsey show. If you own a business, you have to get it online in order to survive in today's marketplace, no exceptions. Now, there's a lot of ways to do that. But the Smart Choice is host gator hostgator web hosting is reliable, and they have twenty four seven live support and host gator has an easy to use drag and drop builder that comes free with your hosting plan. Plus Dave Ramsey listeners. Get up to sixty percent off their hosting packages. Now, that's a deal. Go to hostgator dot com and make sure to use the code, Dave and get this. Great offer host gator dot com, code Dave. January means a lot of people are making goals for their money right now. And there's a couple types of strategies that you need for your money for going to win you need to have offense. And you need to have defense. Just like a good football game. Offense is creating the budget building your -mergency fund paying off your debt. Most people forget about the defense though. And that's insurance now insurance most of us hate insurance. It just feels like I'm just throwing money out the window the car grabbing along interstate. Most people just don't, and but but we know we need it. Because man, if you don't have it when something happens Bom, you gotta mass. You don't have health insurance. You got a mess. Right car insurance wreck your it's on you got a mess and so on. So it's not there to make you wealthy, but insurances are transfer risk. It's there to protect your money. And you don't feel like you're getting any traction. And some of the insurance agents out there agree with me on the stuff. I teach some of them don't agree with me on what I teach. But that would be just the guys that are wrong. So let's start with some basics. You do need life insurance? If you have a family that depends on your income term life insurance, you do need health insurance. Every one needs health insurance outta got called today. He had fifty six thousand dollars in medical bills and his com-. I said why don't you have health insurance? I couldn't afford it. I said you couldn't afford to be without it cost. You fifty six thousand dollars. Yeah. I know that now. Yeah. That's the deal. So you need health insurance? Obviously you need auto insurance. Obviously, you need homeowners insurance which covers your home. Now, a lot of people rent and don't have renters insurance, your landlord does not have cannot have coverage on your stuff. They do not have an insurable interest. You have to cover a contents policy. When you're the tenant, and it's absolutely violence. Very inexpensive. You need to get that long term disability insurance. Everyone needs that and identity theft protection. And those that are over sixty need look at long term care insurance. So was some of these you can get your costs way down when you get your emergency fund fully funded. I carry a five thousand dollar deductible on my cars. Well, drive expensive cars that are nice and paid for. But that keeps my premiums way down some of you are carrying a two hundred and fifty dollar deductible on your car, if you'd raise that two thousand you'd see your premiums drop drum Matic -ly now when you do that if you go from to fifty two thousand you are picking up an extra seven hundred and fifty dollars in risk. And so if that cuts your premiums by seventy five dollars a year that means you have to drive for ten years and not have Iraq. Not likely depend on where you live, right. I know, but you're probably overdue. So the thing is, you know, people run into you run into people stuff happens. And so here's the thing. If you take a seven hundred fifty dollar extra risk though and save three hundred dollars a year. Well, that's like two years, and you get your money back. Right. So you need to do that. If you are starting to build some asset, you're heading towards everyday millionaire status. You starting to have some money you need look an umbrella policy. Couple of hundred bucks to three hundred bucks a year. You can get an extra million dollars in umbrella coverage for ability on your car homeowners insurance, and it's just two hundred fifty three hundred dollars a year in most areas, and it gets really really a good idea. I carry a ten million dollar. Umbrella policy on me because if I bump into somebody they grab their back and go God. Dave Ramsey hit. Me I'm cashing in. Right. And so I've got you know, I it's just the way it is out there people so deal. Now what you don't want to do is. The gimmick insurances. You wanna void accident insurance and accidental death insurance? Listen, if you die your dad. That's how that works. It doesn't matter. How you die. You can be walking across the parking lot and get hit by a car. You can be walking across the parking lot and have a heart attack. You're still dad both ways your family still needs to replace your income and the exact same amount, regardless of the cause of your death. You're not like double dead if you die by accident. And so I'll get twice as much of a day by accident. I'm more likely to die by accident. That statement says I think I'm beating the insurance company at their game. You're not if if insurance is cheap. It's because there's a very low likelihood of the thing occurring. Because they don't lose money. They know what they're doing. So you don't need twice as much insurance. When you die by an accident. You don't need cancer insurance. Big gimmick insurance lobby about cancer insurance. You have health insurance if covers cancer if it doesn't you need different health insurance. You don't need heart attack insurance because your health insurance covers heart attacks. You don't need kidney stone insurance because your health insurance covers kidney stones or it should. Okay. And to my knowledge, they're not offering kidney stone insurance. But it could happen. You never know. You don't need cell phone insurance. If you cannot afford to replace your cell phone, you shouldn't buy one. This is an inexpensive item. Seriously, comparatively speaking don't buy extended warranties and other kind of insurance they're all about the profit. Seventy five to eighty percent of what you pay for those extended warranties profit, just and marketing costs just they away from it. Absolutely. A bad idea. You don't need mortgage life insurance. The pays off your mortgage. If you die it's five times more expensive than term insurance. So if you have two hundred thousand dollar mortgage, go by two hundred thousand dollars term policy or by ten to twelve times, your income on you, which would pay off your house likely almost always. And so you need to have term insurance in place to do that. And I catch a lot of crap for this these days because there's such a craze over pets. I love pets. I love my dogs. I cry like a girl every time they die. I love my dogs. My Shitsu was in my lap in front of the fireplace. Drinking coffee with me this morning. He wondering coffee, I was but be a bad idea for that. I'll drink coffee, but yeah, I love him. I am not spending ten thousand dollars to keep a dog alive. It's a dog. Maybe that's old school. But you pet lovers. Thank I'm heartless. I'm Pat lover too. But it's a dog. Now, if you've got tens of millions of dollars in you want to spend ten thousand dollars keep dog live. That's fine. But I'm not doing it. I'm not spending ten thousand dollars to keep a Cadillac for sure. Cats just. Yeah. So whatever I mean, you don't need to spend money for chemo on your parakeet. Okay. I'm sorry. I know that hurt some of your feelings. I know some of you have gotten your lives twisted up about this stuff, but pet health insurance. I don't buy it. If you can't afford to spend a certain amount of money on the dog or the cat to keep it alive and keep it well-maintained. Then you shouldn't have a pet. And then you put any to put a limit on the value of this pets life, all your soon. So mean, I know it sounds so main, but I'm just like what's known as a grownup. And so I have to address these situations, and you guys got to decide you can decide and if you wanna spend a bazillion dollars to keep your puppy alive. Three more weeks. That's fine. You can do that. I ain't doing it. I love the puppies, and they go to puppy heaven. And it's all good life goes on. I've, you know, I've outlived a whole bunch of them by now had ten dogs in my life, so far, and I'll probably have about ten more for I'm gone. I love them, but I outlive them. And so you got to think about this stuff. So the aware the gimmick insurance is out there. But be sure you have good defense term insurance health insurance auto insurance. I'm long long-term disability insurance identity theft, maybe an umbrella policy you wanna get a five minute checkup. And make sure you've got the right coverage is done. It's really easy to do. All you just do as text checkup, the thirty three seven eighty nine text checkup thirty three seven eighty nine. In the lobby of Ramsey solutions. Coda and had here with us guys. How are you better than we deserve data yourself? Very cool is an Addy pronounce and where do you guys live? We live in Henderson, Texas. Oh, very cool. Welcome to Nashville and all the way here to do debt free screen. Yes, sir. How much have you paid off just short of fifty thousand forty nine thousand eight hundred and forty nine love it. How long did this take twenty three months? Good and your range of income during that we started at thirty four thousand went up to eighty back down to seventy what do y'all do for a living. And we're both teachers. Oh, good. Good for you, very cool. So what kind of debt is the fifty thousand? We had a credit card. Somebody had a credit card. We had a car loan and we had student loans. Okay. Very cool. How long have y'all been married to is? Okay. So you got married started this plan. Yes, sir. Tell me about that. Tell me about the journey what caused you to do this. Well, we took FPU as part of our pre-marriage counseling. Very best decision. We ever made super excited about it. And had he wants big on that. Yeah. I was not a band. My mom had told me about you. But I wasn't really on board. I thought I knew everything I was a teenager at the Tom. And so anyway that him, and we started talking about it and went to the class, and I joined on board. So we wouldn't go back to save our lives nail very cool. Good for you. So how old are you to twenty nine twenty five per? Okay. We'll congratulate you, sir. Very very cool. Big big, big accomplishment this marriage. Yes, sir. Very proud. Yeah. You should be. You should be very good. So what do you tell people the key to getting out of debt is? And the biggest thing for me is communication and budgeting planning and having that just knowing where your money's going. That's the thing for me patience. I don't have a whole lot of it. I'm the nerd I'm the saver. And we went from arguing about five dollars being spent. And so it tested my patience. I had to develop patients, and so that's one of the biggest things for me. Okay. So you got on the plan, you're working together. You're learning to communicate over this early in your marriage stuff. People don't do sometimes for decades. Yes. They're very very cool. Who's your biggest cheerleader? Probably my dad is probably the biggest one. He kinda got started on this. After my oldest brother brought to you probably five years ago. And we thought he was crazy little day. We know. But, but yeah, he's our biggest cheerleader, and then both of our parents are magnificent and have supportive the entire way. Very cool. Very good. You got family pushing. Good stuff. Very fun. We'll congratulations. You guys really well done. What was the craziest thing you did to get out of debt? Craziest thing we moved three different times. I drove a little hoop Dee and nineteen eighty seven Suzuki samurai. Oh my God. That's all I got more compliments on it than I believe in by Jaguar gets. It was fantastic. So drove that for a while to to save money, and we really enjoyed it. Yeah. What you pay for that? It's actually my parents. They owned it. My car told her one night, and and so they let me borrow it. And I drove it three years. Okay. All right. It's all tricked out. I just saw the picture of it. They said that I thought Lord what does Astor it's kind of cute. It is got a lot of couple nights. We enjoyed it. It was his blaster by one at about from us. But we'll sell it. So you handed it back to them. I did a little bit later on car for K. And then bought a truck for cash. I love it. Very good. Well, white ago you guys proud of you. Thank you. Thank you are amazing, fabulous stuff. All right. We've got a copy of Chris Hogan's every day millionaires for you. Because you're on the way to being everyday millionaires that your next step. So very very cool stuff. You got started really early your ages again what twenty five twenty nine. And so when you started this you're twenty three and twenty seven yes there. Wow. Very good. Good stuff. Well, congratulations, Dakota and Hattie. Longview, Texas Anderson Texas area fifty thousand dollars paid off in twenty three months making thirty four to eighty to seventy counted down. Let's hear a debt free scream one. Last thing we wanted to announce that we've been homeless in for a while. But we are pregnant expecting our first child in July. The whole the phone here. So your parents didn't know that they do small family knows. But most of our friends do not do. All right. Very cool. Live is good is again. Done. All right Dakota and had let's hear a debt free scream three two one. Where? Love it. Absolutely. Fabulous. It's so fun. But you can't do what they just did. It's impossible. See that they don't really exist. We just made them up there figment of our imagination and your imagination. We know this because you yahu finance is reporting that nearly twenty five percent of gen Xers millennials believe it's nearly impossible to pay off debt. It isn't surprising new information. The genetics millennials have hired that loads than other generations mortgages kids. Parents take care of student loans. More financial pressure than any other generation their new kid. This is reflected in a survey. The online lending division of SunTrust Bank. Wait a minute. Bank. Did a survey. The said, you're always going to be in debt. Thank you SunTrust. The survey says it's nearly impossible. Quote, unquote to pay off significant debt. I don't know if it's fifty thousand significant. If you're twenty three years old. I'd say that significant when I got married had he was twenty three. The go-to was twenty seven or twenty five and twenty nine. The paid fifty thousand dollars and twenty three months that's long way from. Nearly impossible. Nerdwallet kimberly. Palmer says there's definitely caused for concern looking at their finances the takeaways to motivate them to pay off debt, especially the high interest rate debt. It takes motivation does their steps to pay off debt faster. Thank you wallet predate that. But we're meeting millennials. Every day who don't think it's nearly impossible. There's a matter of fact, they not only don't think it they have proven that. It's not nearly impossible. Is it difficult to pay off fifty thousand dollars in debt in your first two years of marriage when you make seventy eighty thousand dollars a year. Yes, you sacrifice to do that. But you're living like no one else. So that later you can live and give like no one else. It's a pretty simple thing guys. Hope changes everything. And it is somehow a disease of the media. That it seems like they're the very things that they want to report on anything that says there is no hope. There's no hope it is nearly impossible says a survey from SunTrust Bank. It is nearly impossible says a survey from SunTrust Bank to get out of debt as a gen-xer millennial. And then I made to go to and a hat while there you go. Fifty thousand dollars paid off in twenty three months. But it's nearly you get the idea. I mean, this is just stupid, y'all. It's just. These young people are on fire like can do anything. They want to do once they believe that they can do it and this show and the Dave Ramsey team believes in your we're proud of you. We know you can do it. This is the Dave Ramsey show. Being with us. America. A leash is with us in Rochester, New York, highly SHA. How are you? How are you better than I deserve? What's up? I wanna thank you for the extra near speaking with me. But I have a sixteen year old and unfortunately, have not put money aside for college doing courage pudding college on hold until they're not pay for in cash. What do you suggest? Well, you're sixteen you said, I know my daughter's going sixteen just turned sixteen. Oh, I'm sorry. Your daughter is sixteen. Okay. I think you guys can make it. It just is going to be all about college choice, and it's going to be all about her working. So there's three or four things we do the most the biggest mistake that people make when they're in a situation. Like, this is they choose a college. The can't afford. And so she needs to go to in-state, and she may need to do her first year in a community college, very inexpensive and knock out some of the basics and just make sure that they're the she's taking classes that are transferable to the end state state institution. Okay. And going price that stuff out. Now. Once you've done all of that. Then you can start to set your goals and say, okay, how much extra work have? We all got to do. Because that's the second thing. She's going to be working a lot, and she's not going to be working a minimum wage Walker flopper job. She's gotta make more money than that. She's going to be nannying or waiting tables or. Walking dogs. I don't know what she's going to do. But she's going to be doing a lot of it between now and the time college starts and all the way through college. Which by the way is not child abuse. Most of us work while we were in college. Right. Okay. So if she's working, let's just pretend for second. I'll just make up something. Okay. She's driving for Uber. You drive for Uber. You can make fifteen hundred bucks a month. But you're driving almost every night. I'm not saying that's what she would do. But there's part time jobs out there like that that you can do, and if you can make fifteen hundred bucks a month that's eighteen thousand dollars a year. If tuition is nine thousand dollars, we can cover tuition and some of the other stuff, and you and her dad hopefully can chip in some you're getting on a budget. You'll be able to throw some at it as we're going along. But we gotta have a plan to make more than the cost of tuition and housing. Wow. Were in school and really to get the first year started before we get to school. We gotta have that first year our doing that whether it's community college or whatever is there a college university there in your town. Yes, there is right. Yeah. She may be living at home and go into that one. Cheaper. So the point is the point is you might not have the all cushy wonderful sweet with hearts around it and skittles in unicorns college experience I wanted to live on campus. Well, that's nice. But we're not talking about your college experience. We're talking about your education. We're trying to put some knowledge in your noodle. That's the main thing are you going to learn something and get a degree. And then all the other stuff is window dressing. And if you've got the money for window-dressing, that's fine. But if you don't have the money for window-dressing, most people spend more on the window dressing around the college experience than they do onto issue. They go round apartment with a skylight educ Uzi in racket ball court. And a free eighteen years old. They get a car with a car payment because I have to drive back and forth, and they eat out every night, and they joined sixty three different sororities and fraternities and clubs and crap. And there's nothing wrong with all that as long as you got the money. But if you finance all of that on your student loans, and you come out sixty thousand dollars student loan debt that you spent one hundred percent of that on the experience, that's just not wise. And that's what most people do in these situations. So I think you can do this. As a matter of fact, I'm sure you can do this. So thanks for calling in open phones at triple eight eight to five five two two five John is with us in Baltimore. Hey, john. How are you? Thank you my call. How are you better than I deserve? What's up? How can I help seeing? I'm at your phone your phone. Does it recently? Your phone is cutting out. You're gonna start again. Can you hear me, sir? Yes, sir. Okay. I have about one hundred thirty three thousand dollars in debt. It is a combination of tons of stuff. And the embarrassing thing about this whole thing is I make three hundred thousand dollars a year. I don't know like I just don't even know where to begin and about eight months ago. I started putting money away in Utah phones. And I'm down about percents. Now. My question is should I sell those to start paying that off? Yeah, they're in a retirement account down. Unfortunately, I I'm forty two years old, and I don't have a retirement account. So I'm just getting everything. So you've got a hundred thousand dollars in debt hundred what did you say a hundred thirty three one thirty three and once that on its credit cards, personal loans. Student loan a car everything how much of that's car. I would say about thirty five, and we're probably underwater if I try to sell it right now, and you're married. Yes. Kids. Two. Okay. Wonderful. So if you're ready to clean this up. We can do some pretty simple math here and say sixty five thousand a year out of three hundred thousand for two years in your debt free sixty five times to one thirty. But that what that means is you guys are gonna have to quit visiting the land of stupid around their y'all been spending money like airing congress. Pretty much. Yes. Yeah. You're gonna get on a written budget a detailed plan, you and your wife. We're gonna sit down and talk about it. We're not going out to eat or not going on vacation or free can get outta debt. But if you start chunking down sixty five thousand dollars a year out of three hundred you ought to build a do that really seriously. I mean, come on you be debt free in two years. And if you did more than that, you'd be faster than two years, but you need to be on beans and rice rice and beans and need to go to a radical change in your lifestyle, and on your view of money because right now, you're trying to earn your stupidity pretty much tried it for years. I couldn't do it. I don't know of anybody anybody that could. Would you take the twenty thousand that I have invested us mutual funds and sell that e even though it is a loss. Yes. Start applying to that. Yes. Immediately and any other money that I can get my hands on this not in retirement, and I'm gonna throw it at the debt, and I'm gonna listen debt smallest to largest we're going to get on the everydollar budget on a detail written plan with your spouse and get an attack mode, the fit the twenty thousand doesn't move the needle. But what it does do is? It gets you started. And it may shows your emotional commitment to a new process, but you gotta reach the point that you got to be sick and tired of being sick and tired. You started it because you're embarrassed embarrassed as good place to start disgusted should come from embarrassed. And disgusted. The next thing is you ought to just get pissed off and go. That's it. I am sick and tired of being sick and tired. I make too much money to be this broke. We're gonna change this thing. And when you. That moment inside of you. That's when the switch will flip and you'll be ready to rock and roll. I'll send you a copy of the book, the total money makeover the show you and your wife how to do this, and you tune need to sit down tonight start talking about this get on every dollar download the budget app. Get the thing started. You'd like you write down where your money should be going making three hundred grand you're gonna just blow up the floor. You're gonna go. Where's it all going? And you're gonna have this moment of disgust followed by some righteous anger. Not at yourself. I'm not trying to condemn you. We've all done stupid stuff, but you have to reach a point of disgust. That says that's beyond embarrassment. This is I'm not gonna live like this anymore. So hold on. I'll have Kelly pick-up. We'll send you a copy of the book the total money. Make over the help. You do it by the way, folks. The interesting thing is that's the formula for getting out of debt. You gotta get mad. The matter. You get at the situation the deeper. You will sacrifice the deeper you sacrifice. The faster you get out because sacrifice looks like working extra and spending less. We spend nothing 'cause we work all the time. That's what it looks. Like the matter. You get deeper you sacrifice the faster you get out. That is the formula. There's math in there. It works guys. It works. You can wander into that. But you can't wander out. This is the Dave Ramsey show. Hey, it's Kelly associate producer and phone screener for the Dave Ramsey show. This episode is over, but if you heard about a product or service didn't have a chance to write it down. Don't worry we list everything that is mentioned during this episode in the podcast show section. Thanks for listening. Money isn't the only thing we talk about around here. Get life changing it by on your career from my good friend and career expert in Kalman. Oh my Ken Coleman show. Seventy percent of Americans are going to work every Monday, and they don't want to be there. But for a myriad of reasons, they feel they have to be there that is our crusade. Subscribe to the Ken Coleman show wherever you listen to podcasts. Hey, it's James producer of the Dave Ramsey show. This episode is over but check the episode notes for links to products and services you've heard about during this episode. Thanks for listening.

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