Transcript
Dave Ramsey (0:02)
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Listener/Caller (0:06)
I have a question about my 19 year old son. He decided that college is not for him so he's not going to go back in the fall. We told him that he had to get a job. We wanted him to get one within a month. It's almost been three months but he's finally working at Walmart part time, $14 an hour. And he also receives about $10,000 a year in dividends that he gets in four payments. So he's very bad with money. Like his dividend rolls around and there's zero in his bank account. He has to borrow gas money. My main question is what would be the best course to take to like kind of open his eyes to I am not spending my money wisely. I should be doing this and this.
Dave Ramsey (0:59)
What happened eight years ago when you were going to teach him work ethic and you didn't?
Listener/Caller (1:06)
We tried. I feel like we tried. We're pretty good with money. We tried to teach them that we don't go out to eat very often. Like all through their grown up we don't go out to eat. And I don't know if that's like the main thing. Like he eats out all the time when he was in college.
Dave Ramsey (1:26)
No, he doesn't work extra. That's what the main thing is. He doesn't work. Walmart at 14 an hour is what 16 year olds do. Not grown men.
Randy Alcorn (1:41)
Where's he, where's he living?
Listener/Caller (1:44)
We're in Texas.
Randy Alcorn (1:45)
No, where does he live?
Dave Ramsey (1:47)
In her house.
Listener/Caller (1:48)
He's with us. Yes. And, and, and we pay.
Randy Alcorn (1:51)
I'm telling you this everything because I love you. But that's the problem. He, he can't learn something that, let me put it this way, what he's doing, his behavior makes perfect sense in his world. He gets checks that fall from the sky every quarter. He has no rent. He, and he has a mom and dad that said you have to get a job. And he goes, okay, I'll work six hours a week and y' all pay his cell phone, you pay his insurance, you pay for everything.
Listener/Caller (2:19)
So well, we, that's one of the, that's one of the things is he's supposed to pay his car insurance.
