Live from Phoenix: The Ramsey Show on Tour

Summary

Podcast Summary: The Ramsey Show – Live from Phoenix: The Ramsey Show on Tour

Date: May 21, 2026
Host: The Ramsey Team (Ken Coleman, Rachel Cruze, Jade Warshaw, George Kamel)

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Episode Overview

Broadcasting live from Phoenix, Arizona, The Ramsey Show brings its signature brand of energetic, candid financial coaching to a roomful of listeners. Hosts Ken Coleman, Rachel Cruze, Jade Warshaw, and George Kamel engage with the live audience, fielding real questions on marriage, debt, family expectations, entrepreneurship, investing, parenting adults, and more. The show mixes heartfelt coaching with signature humor, flashy crowd interaction, and honest conversations about the true emotional roots of money issues.

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Key Discussion Points & Notable Insights

1. Marriage and Money: Navigating Spousal Spending and Budget Resentment

• Topic: Handling financial resentment when combining incomes and differing spending habits after marriage.
• Highlight (01:36 – 08:35):
  • A woman expressed resentment as her husband spends freely from their combined Amazon budget.
  • Advice: The panel suggests splitting the ambiguous “Amazon” category into personal “fun money” line-items; clearer budget distinctions help prevent resentment.
  • Jade Warshaw: "Bust it up immediately. If he's using it as fun money, maybe his fun money needs to be bumped up, and if you're feeling resentful...maybe yours does too." (04:13)
  • Rachel Cruze: "Judgment-free spending is big in marriage. You're not going to value the same stuff." (08:41)
  • Outcome: Communicate boundaries, avoid scorekeeping, and celebrate individual discretionary expenses without guilt.

2. Family Expectations and Boundaries: Sibling Gifting and Personal Limits

• Topic: Should you meet a sibling’s explicit expectations for expensive baby gifts when your circumstances (financial and emotional) have changed?
• Highlight (10:01 – 17:21):
  • A woman is pressured by her sister to fund big baby purchases, following generosity shown to another sibling.
  • Ken Coleman: "You created an expectation, but you have to stick to your guns...Say, 'We are in a different season of life, trying to have a baby, and this could be expensive.' You have to be okay with the results, or you’ll be held hostage." (15:01)
  • Rachel Cruze: "It’s not your responsibility, and putting up a boundary with a boundaryless person never goes well." (15:48)
  • Advice: Be direct (“I won’t be able to do that this time”), don’t over-explain, and accept the risk of disappointment or backlash.

3. Side Hustles, Risk, and Family: When to Go Full-Time

• Topic: Deciding if and when to turn a lucrative side hustle into a full-time business while supporting a growing family.
• Highlight (17:41 – 23:33):
  • Ken: "Don’t walk from your job until you’ve got at least six months, preferably twelve, of your salary saved up. You don’t want the pressure to survive on a new business." (21:10)
  • Rachel Cruze: "Pause intentionally, check in every 90 days with your spouse, and realign on timing." (22:35)

4. Renting vs. Homeownership: Is It Wrong to Keep Renting and Investing?

• Topic: A single woman asks if it’s okay to rent long-term and invest rather than buy a house.
• Highlight (23:59 – 26:58):
  • Jade Warshaw: "Long-term, buying a home is a major part of wealth building, but if you want to rent and invest until you can buy in cash or when you're ready, there’s nothing wrong with that." (25:40)
  • Ken Coleman: "The freedom you have is huge. You'll be in a position to do either when the time comes." (26:39)
• Takeaway: Homeownership is powerful for net worth, but personal circumstances and timelines matter; do what aligns with your goals.

5. Adult Children and Money: Charging Grown Children Rent – Refund It?

• Topic: Should parents return rent to an adult child who moves back home once they move out again?
• Highlight (55:36 – 63:08):
  • George Kamel: "No, you don't give him the money back. He's 31. He needs to get back out there." (56:24)
  • Rachel Cruze: "If you want to do that in secret for a house down payment, fine, but the core issue is, he needs to get out and pay his own way." (62:01)
  • Jade Warshaw: "Would you have set aside $500/month for him otherwise? That's your answer." (62:14)

6. Debt and Marriage: Motivating a Reluctant Spouse

• Topic: Creating urgency with a spouse who’s resigned to a high debt load ($150k) after years of little movement.
• Highlight (45:21 – 52:57):
  • Ken Coleman: "I don’t think your wife knows how exhausted you are. Vulnerable is strong. Pour your heart out. You are in a danger zone working seven days a week and not sharing what’s really going on." (51:13)
  • Jade Warshaw: "Get to her heart—maybe she’s afraid of trying and failing, and that’s scarier than the debt." (48:52)
  • Rachel Cruze: "If you have all the control, she can’t feel the weight of it. Make it a team problem."
  • Memorable Moment: Ken sends the man home with flowers and wine for a heart-to-heart.

7. Parental Assistance: Should I Pay Off My Adult Daughter's Home?

• Topic: A financially stable, twice-widowed mother considers paying off her daughter’s mortgage.
• Highlight (80:24 – 84:56):
  • Hosts agree it’s a beautiful legacy move when you’re not enabling and the child is self-sufficient.
  • All: "This is changing your family tree." (82:59)
  • Tip: Address legalities (gift taxes) with a CPA.

8. “Flip the Script” Audience Participation: Guilty Pleasures & Habits

• Notable Theme: Open mic for confessions about impulsive purchases, influencer-driven spending, ethically gray returns (like sleeping on a mattress for six months and returning it), marital money arguments, and costly hobbies like club sports.
• Memorable Quotes:
  • Rachel Cruze: "Money’s a tool, not an idol. The real issue in most calls isn’t money—it’s communication, boundaries, and heart." (54:59)
  • Ken Coleman: "Under all the jokes tonight, there’s seriousness. If you’re spending all your time and money on club sports, but the ROI isn’t there, maybe it’s time for a family reset." (43:49 – 44:47)

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Notable Moments & Quotes

Audience Stories:

• One travel nurse used a 6-month return guarantee as free bedding (36:09).
• A cyclist spent big on “ketones” because of influencer hype (33:43).
• Confessions of being “influenced” online—example: $200+ on outdoor floodlights that went unused (32:05).
• Marital dispute about buying a baseball TV package (39:16).
• Parent frustrated by club sports’ time and financial drain (42:02).
• Group “debt-free scream”—audience paid off nearly $2 million in the last 12 months! (97:31)

Hosts' Personal Perspectives:

• Irrational Fears: Rachel fears “being wrongly convicted of murder” (73:41).
• Favorite Splurge: Jade loves expensive houseplants; Ken, spa days and sleep aids (75:20; 76:51).
• Patience & Dreams: "There’s magic in showing up daily, hustling, then waiting for the results…Results come in seasons." – Ken Coleman (65:47)
• Be yourself: "Don’t try to be your parents. Be the version of you God created—confidence changes everything." – Rachel Cruze (67:00)

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Actionable Tips & Life Advice

• Budgeting: Split ambiguous spending categories; give each partner “fun money.”
• Family Boundaries: Gifts born of love don’t create long-term obligation; never give just to meet entitled expectations.
• Debt Payoff: Teamwork and communication are essential—share your struggle and wins.
• Up-and-Coming Entrepreneurs: Side hustle transitions require an intentional plan and ample cash reserves.
• Young Adult Support: Charging rent is healthy; returning those funds may create the wrong expectation unless it’s truly a surprise gift for the future.
• Parent Gifting: Legacy gifts are different from bailouts—be generous if you’re able and it doesn’t enable irresponsibility.
• Loneliness at the Top: When you’re the ‘different’ one financially, seek out or create community—even if it’s just for a dinner!

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Timestamps for Important Segments

• [01:36] – Overcoming resentment in shared finances
• [10:01] – Family expectations & boundaries around gifts
• [17:41] – When to turn a side hustle into a career
• [23:59] – Renting vs. homeownership for singles
• [45:21] – Motivating a spouse about large debt
• [55:36] – Should parents return adult children’s rent?
• [80:24] – Legacy: Paying off a daughter’s mortgage
• [97:31] – Group audience "debt-free scream"

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Closing Encouragement

Jade Warshaw: “Don’t grow weary in doing what is right…at the right time you'll reap a harvest of blessing if you don’t give up.” (100:48)
Ken Coleman: "If you live like no one else, later you can live and give like no one else...That’s your why and it is powerful. It will pull you through all the stuff you're going through." (103:12)
Rachel Cruze: “You’re the heroes, changing your family tree. Money is only powerful when it’s used for good." (104:09)

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In essence: This special live Ramsey Show was a master class in honest financial and life conversations—showing that money is always about so much more than money. Real progress takes open-hearted teamwork, healthy boundaries, clear goals, and a community to cheer you on.

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For more, visit ramseysolutions.com

Transcript

[Audience Member 1]

I have a sister. Before she even said I do. Leading up to the wedding. She said, I will get pregnant immediately. Like, I expect you to set up my baby registry. I want you to help me buy the car seat. I want the stroller.

[Jade Warshaw]

And what did you do?

[Ken Coleman]

We're a little stressed out.

[Rachel Cruze]

What is a completely irrational fear that you have?

[Jade Warshaw]

I don't drive behind the big tractor trailer trucks that have all the cars loaded on it.

[Rachel Cruze]

I really do have a fear that I am going to be convicted of murder.

[Audience Member 2]

My adult son moved back home. We are charging him roommate rent. Do we return it to him?

[Rachel Cruze]

How? Wait, really, y'?

[Audience Member 3]

All?

[Ken Coleman]

He's a dad?

[George Kamel]

Gum.

[Ken Coleman]

Grown man.

[Rachel Cruze]

How old is he?

[Audience Member 2]

31.

[George Kamel]

Normal is broke, and common sense is weird. So we're here to help you transform your life. From the Ramsey Network, brought to you by Fairwinds Credit Union. Live from Phoenix, Arizona, this is the Ramsey Show. Yes. So good to be in this room. What a beautiful crowd. A loud crowd. And we're ready to go. We're ready to learn from each other. So let's get it started. First question up is Courtney. Give Courtney some love. There she is. What's your question?

[Audience Member 3]

Well, first, thanks for having me. I'm kind of nervous, Very excited.

[Jade Warshaw]

Okay.

[Audience Member 3]

My question is, it's kind of embarrassing, but my husband and I have combined our incomes. We've only been married for about five years, and I find I'm having a hard time with resentment sometimes as I make a little bit more money. But he likes to spend the money, so I know it's right. Biblically, it's been great for us to combine our incomes, but I'm just wondering what steps I can do to change my heart on this issue and, like, not struggle with that resentment, if that makes any sense.

[Ken Coleman]

Is he in the room?

[Audience Member 3]

He's not in the room. No.

[Jade Warshaw]

He's at work.

[Ken Coleman]

He's at work but making some money.

[Jade Warshaw]

When you say overspend. Exactly.

[Audience Member 3]

He's working, making money.

[Audience Member 4]

Yeah.

[Jade Warshaw]

When you say he's spending more, like, what does that look like? Give us an example. Is that he's just running over to, you know, the gas station and buying a Mountain Dew and corn nuts, or he's, like, buying golf clubs. Like, what does it look like?

[Audience Member 3]

I know. It's probably more like. Like, to him, like, we have the Every Dollar app and everything. And so we've made, you know, line items and some of that, you know, we have to kind of figure out, like, what goes where. But we have, like, a general one for Amazon. So for him, he's like, look at all that money in the Amazon. I'm just gonna, you know, get socks and shirts and, you know what? My truck needs this. And.

[Jade Warshaw]

Well, there's your problem.

[Audience Member 3]

I know.

[Jade Warshaw]

You gotta change that line.

[Audience Member 3]

I think part of that is, like, we're trying to. Well, and what started this was I said something really snarky about a week ago, and we got in a big fight about it, and we ended up working it out. But part of that was trying to figure out, I think, maybe how to differentiate that.

[Jade Warshaw]

You need to a bit more.

[George Kamel]

Well, wait a second.

[Ken Coleman]

Is he going over the Amazon budget, or is he just spending it all on himself before you get a chance to get in there?

[Audience Member 3]

That's it right there.

[George Kamel]

Boy, this guy should be jumping the gut.

[Audience Member 3]

But in his defense, it's not resentful. He's just like, there's money there. I'm getting myself a shirt.

[George Kamel]

Well, that's my next question.

[Ken Coleman]

Is he on board with the baby steps and your goals?

[Rachel Cruze]

Yes.

[Audience Member 3]

Yeah, he was a little bit reluctant, but once we started doing the plan and seeing the benefit to us in terms of, like, oh, wow, we can really put money towards retirement and we can do all these things. We paid off our debt and all these things, it's been really great.

[Jade Warshaw]

Do you have separate fun Money line items in addition to the Amazon catch?

[Audience Member 3]

All we do.

[Jade Warshaw]

Listen, if it were me, I would just break it up or. Cause right now it just says, Amazon, is it for household items and he's using it for fun things, or it literally is just to your heart's content on Amazon, as long as you stay in that line item. And that's part of it.

[Audience Member 3]

We haven't, like, really delineated what it's for. It's just been.

[Jade Warshaw]

I would break that up, bust it up immediately. Because if he's using it as fun money, that lets me know maybe his fun money needs to be bumped up. And if you're feeling resentful because you're not able to spend it, maybe your fun money needs to be bumped up. And then maybe the Amazon category turns into, I don't know, like, household items or something that's very specific that we're buying on Amazon just because there's no clarity. I think that's the problem. Right.

[Rachel Cruze]

Yeah. And for me, it's a. There's a value system difference. Right, Right. And so I'm probably more on your husband's team in our marriage, honestly, I'm probably more him, and Winston's probably more you. And I think the frustration can be that he doesn't value X, Y and Z. So he sees a purchase. Or you see your husband spending, you know, and maybe the thought is your knee jerk reaction is like, that's so stupid. That feels wasteful. That'. That's silly. We don't need that. Like, that it feels. You know what I'm saying?

[Audience Member 3]

Like, I do, but then I'm like. Like our argument was over personal hygiene products. Like, yeah, skin cream and stuff. And historically, men. Ken, how much do you spend on your face cream?

[Rachel Cruze]

Oh, Ken is a very good question.

[Jade Warshaw]

Ken is $5.

[Rachel Cruze]

Not like any other man.

[Jade Warshaw]

No, no. Do you even have face cream?

[George Kamel]

It's not what you think. No, I do.

[Rachel Cruze]

No, Ken is a bougie man. So he's actually him and George Camel. See, are these great ones to ask?

[Ken Coleman]

I have one bottle of Kiehl's and it's about yay big. And that's all I do. This lady, what she makes Sam go through, it's unbelievable. That man knows about face cream.

[Audience Member 5]

I'm just trying to make him age

[Jade Warshaw]

at the same time.

[George Kamel]

Here's what I'm gonna say.

[Audience Member 3]

That's me too.

[George Kamel]

But here's the.

[Audience Member 3]

I guess.

[Ken Coleman]

Have you guys talked about this last situation?

[Jade Warshaw]

We did.

[Ken Coleman]

And what was the result?

[Rachel Cruze]

It's not the face cream that's the issue though. Right? It just bubbled up. That was the last straw.

[Jade Warshaw]

Right.

[Ken Coleman]

I've identified it, but I'm coming on the back end of this. When you discussed it, what was his response?

[Audience Member 3]

Well, his response was, we were trying to figure out how much to put on that line item. And he's like, well, what about $50? And I'm like, no, that's not enough every month for my face cream. And he's like, well, what about 100? And I was on the spot. I was like, oh, how much do I spend? And I kind of. And he goes, well, if we need that much money every month, how about $50 for me, extra for my fun money? And I was like,

[Jade Warshaw]

that was what

[Audience Member 3]

I was like, why does it always mean spending more? You know what I mean?

[Ken Coleman]

Okay, so I think you get great advice from Jade. I do think that you're gonna have to communicate some boundaries. And if he really is on board with this, he's got to, you know, he's got to play ball.

[George Kamel]

And I would tell him if he were here tonight, I'd go, hey, man,

[Ken Coleman]

you need to grovel a little bit. And you need to step into this. Cause I'm also a spender. And I appreciate what Rachel said. This is a communication issue, number one.

[George Kamel]

But I will tell you this is.

[Ken Coleman]

We've got to make sure we our triggers with this stuff.

[George Kamel]

Because you guys, the way this went,

[Ken Coleman]

I'm not criticizing you at all. But what I'm hearing is, Rachel, is that we went back and forth volleyball.

[Rachel Cruze]

And if marriage, if it has to be that you're this, then I have to this.

[Jade Warshaw]

This.

[Audience Member 3]

Right.

[Rachel Cruze]

It's an exhausting scoreboard to keep up with. Right.

[Audience Member 3]

And he did identify that. He goes, I realized I just kind of triggered you when I said, oh, I was going to spend more money.

[Ken Coleman]

Good man.

[Audience Member 3]

You know, because that's my trigger.

[Ken Coleman]

It's a good man. Hey, this is brass tacks. Real, real conversation. And go. We can't play this one upmanship. I do think her is the solve. But you're gonna have to not just do it on paper. You're gonna have to actually behave that way.

[Jade Warshaw]

Yeah. And I like fun money categories because then you go and spend it. You don't like when Sam spends his money. Half the time I don't even know what he's spending it on. And I don't ask. Cause honestly, I don't care. And same thing for me. And I think as long as it's living in that catch all, then you get to ask him, well, what happened to that $50? What happened to this money? And I think just letting yourselves go and do your thing and be free. And by the way, it's a great thing. I've learned that fun money can carry over until the following month, which that might also help you out a little bit.

[Audience Member 3]

Yeah. We did make it a. Whatever that's called.

[Jade Warshaw]

Where it's like, carry it over.

[Audience Member 3]

Yeah.

[Rachel Cruze]

Add it to the next one that it keeps moving.

[Jade Warshaw]

Yes, yes.

[Ken Coleman]

By the way, your skin looks fantastic. Can I just tell you?

[Jade Warshaw]

It does. The cream is worth it.

[Audience Member 3]

Thank you.

[Rachel Cruze]

Yes, thank you.

[George Kamel]

You guys are great. Give her some love. Thank you so much for that question. Okay.

[Rachel Cruze]

But the judgment free zone on spending is big, though, in marriage. Don't y' all think so?

[Ken Coleman]

Say more.

[Rachel Cruze]

Yeah, yeah. Cause that's what you were saying.

[Jade Warshaw]

You're not gonna value the same stuff.

[Rachel Cruze]

You're not gonna value the same stuff. Winston bought a red light thing.

[Jade Warshaw]

Oh, yeah.

[Rachel Cruze]

I don't even know. Yeah. And I was like, I don't get it. That's great. I don't get it. But you know what I mean? I want other things. And so. But it's that constant. I don't wanna feel like I'm Having to hide a purchase, justify a purchase constantly.

[Audience Member 1]

Right.

[Rachel Cruze]

We're both adults, and regardless of, again, who brings it in as a household, we get to enjoy our money.

[Ken Coleman]

So the impulse spenders like me, I mean, I just go sometimes I'm not even trying to buy something, and I see it.

[Jade Warshaw]

You're an impulse spender.

[Ken Coleman]

Oh, yeah.

[Jade Warshaw]

I did not peg you for that.

[Ken Coleman]

Are you being serious?

[Rachel Cruze]

Yes.

[Jade Warshaw]

All of these years.

[George Kamel]

Are you shocked by that?

[Jade Warshaw]

No, no, no.

[Ken Coleman]

But I'm not. Like, I'm not irresponsible, but I could

[Rachel Cruze]

also see Kim being like, look at these boots. I've been looking at these for months. I just can't wait to buy those.

[Jade Warshaw]

You're so intentional. That's what I'm thinking. You've had your eye on it.

[George Kamel]

Well, I'm very intentional. I see it and I go, I

[Ken Coleman]

intend to buy those. No, I get it. No, my point is that that is so huge in our marriage, because then it's like, this is. It's okay. We're not worried about it. We're not keeping score.

[Jade Warshaw]

That's it.

[Rachel Cruze]

That's it. Score keeping is big.

[Ken Coleman]

Yeah.

[George Kamel]

Okay, ladies and gentlemen, give some love to Megan.

[Ken Coleman]

Who's up next? Megan.

[George Kamel]

Megan, tell us where you're from.

[Audience Member 1]

I grew up in San Bernardino, California, but recently moved to Prescot Scott, Arizona. Just closed on my first home little less than a month ago.

[George Kamel]

Hey, hey. Let's give that some love. That's pretty cool.

[Audience Member 1]

My partner and I, we paid off close to $100,000 in debt and closed on our first home in March. And our current.

[Rachel Cruze]

It.

[Audience Member 1]

It's not an argument. He backs me 100%. But my question is, what would you do in this situation where I have a sister who has three beautiful boys? And for the first and the third, I went above and beyond. I bought the car seat, I bought the stroller. I bought, like, at least three months worth of diapers. Just easily spent, probably, let's say around two grand. For her first and her third, I have another sister who, now that she's expecting, has that same expectation, although her circumstances are different, where she has the supportive partner that my sister did not. And so what would you do? Or what would you say to the sister of the. Look, I want to give you a gift, but situations are different.

[Jade Warshaw]

Is the reason because. And just be real with this. Is the reason because you don't have the money to help anymore, or is it a personal thing? Like, is it truly like, we're not that close and I just don't feel Compelled to help her in that way, or is it like, tell us more about your reason. Your person forget their expectation, your personal reason why. It's like, ah, I don't feel compelled to give in that way.

[Audience Member 1]

So financially I have the means to do so, but also, in some ways, I also don't because my partner and I are struggling with infertility, and so we're looking into infertility treatments and we don't know what that would cost.

[Jade Warshaw]

Got you.

[Audience Member 1]

So we do want to be mindful

[Jade Warshaw]

of that,

[Audience Member 1]

but also, there is a little bit of a relational difference between.

[Jade Warshaw]

And does it also feel different, the expectation? Cause I'm guessing the first sister, you just did that of your own volition, or was she coming to you saying, hey, I need you to do xyz.

[Audience Member 1]

So with the first sister, with her first, it was. I was so excited to have a nephew that would be within close proximity that I could love and I could spoil with her. Third, it was the father literally left the state when he found out that she was pregnant. She had no support at all. And so I'm like, okay, let me help you out. Tell me what you need.

[Ken Coleman]

What about this second child? I'm feeling bad for this kid.

[Jade Warshaw]

I know, right?

[Ken Coleman]

As middle child keeps saying first and

[George Kamel]

third, I'm like, that kid's gonna be scarred. Anybody else thinking that as little children, middle children? No, no, Actually, it doesn't matter.

[Audience Member 1]

Between the first and the third, it's like less than an 18 month difference. So he had the hand me downs and he still gets the love. He's fine.

[George Kamel]

I don't think he is, but that's okay.

[Ken Coleman]

All right, so here's a. I wanna

[Rachel Cruze]

know, is your sister that's pregnant now?

[Audience Member 1]

Yes.

[Rachel Cruze]

Has she verbally said to you, like, hey, this is the car seat. Is she like, what are those conversations? Or are you putting that expectation on yourself?

[Audience Member 1]

The conversation that took place was before she even said I do. Leading up to the wedding. She said, when I get pregnant, which I will get pregnant immediately. And I'm like, okay, good for you. She was like, I expect you to set up my baby registry. I want you to help me buy the car seat. I want the stroller. I want this, that, and the next.

[Jade Warshaw]

And what did you do, boo boo?

[Audience Member 1]

I said, we'll see.

[Ken Coleman]

Okay, here's what's going on. Okay, so. So a lesson, all right? Family members get expectations in their head. And I heard something earlier, and this is not on you, but I'm just gonna point this out, okay? You gave willingly to the other. Because you thought she needed it. There was a need there. You don't think this other sister needs it. That's your view. And I'm not saying you're wrong, but I think you have to own that, and you have to understand that it's not right for her to say what she said. That's why the audience gasped. That was cray cray. However, we cannot control our family members, and people do get expectations because you were such a great sister. I'm wrapping up, but I just want to say this.

[George Kamel]

Well, I got two women on both sides of me. When they ready to talk, I got to wrap it up. I can feel it.

[Ken Coleman]

You need to own the fact that you created an expectation. You didn't do anything wrong, but she took it that way, and she's gone over the top. She's crazy wrong. Just calling it out. But I think you're gonna have to stick to your guns and say, I don't feel like this is what I should be doing. And I would absolutely say, we're in a different season of life. We're trying to have a baby, and this could be very, very expensive. Stacy and I walked through that. I know exactly the journey you're considering, and I think you have to stick to your guns there and say, I can't do this right now, and here's why. And I'm sorry that you have this expectation, but I can't do that. And you're going to have to be okay with the results. If not, I think she's going to hold you hostage, and then it's going to be even uglier than it already is. That's my two cents on that, ladies.

[Rachel Cruze]

Well, I just want to say it's not your responsibility. Like, you've put that on you. You know what I mean? And I think you have to own that in you. You can only control you. And Ken's right. When you put up a boundary with a boundaryless person, it doesn't go well. It doesn't go well. There's no boundaries there. There's no consideration. There's no gratitude. There's no compassion or empathy if she knows what you're going through. And there's none of that from her. And that's regard that makes it sound like it's conditional, that if she was really nice, she'd want to give. But I think starting baseline, you have to understand this is not my responsibility. And so what's within you is what you can control. And so that's what I would encourage you to find that inside yourself that this is. And it's not a selfish thing, but you're not their mom, you know, you're not their guardian. They're not little kids. They're grown adults just like you are. So it's not your responsibility.

[George Kamel]

Well said.

[Jade Warshaw]

Yeah, I was just gonna add on there, and I actually wouldn't give a lot of details. I'm trying to fund, you know, this or my financial situation has changed. You're grown. You don't have to say that. I think you can just say don't have, you know, don't have that expectation. I won't be able to do that this time. And just keep it simple, because once you start rolling out the reasons and the reasons, that's you kind of apologizing for it. And to Rachel's point, you don't have to apologize for it.

[Ken Coleman]

And under no circumstance do you let her bully you into doing something. Once you make this decision, the line has been drawn in the sand. You understand?

[Audience Member 1]

Yeah.

[Ken Coleman]

All right. You don't want to be a prisoner to anybody in your family.

[George Kamel]

Y' all give her some love. That's a tough, tough opportunity. All right, up next, welcome to the microphone, Cameron. There he comes.

[Rachel Cruze]

It's like a catwalk.

[George Kamel]

Yeah, that's quite the walk.

[Ken Coleman]

Yeah, you did good.

[Audience Member 6]

I perfected it.

[Ken Coleman]

You did great.

[Audience Member 6]

I gotta do my wave.

[Ken Coleman]

That's great. I don't think that's your look, but that's okay.

[George Kamel]

All right, Cameron, where are you from?

[Audience Member 6]

I'm from San Tan Valley.

[Ken Coleman]

Okay.

[Audience Member 6]

Just outside of Phoenix.

[Ken Coleman]

Okay. Some of your neighbors are here. This lady gave holy hands. That's very exciting. All right, what's your question?

[Audience Member 6]

Yeah, so I'd like to start with the question, and then I'll give you a little bit of background. My question is, how do you know when to take a risk on maybe a side business that you're working on versus also while trying to provide for a family. Okay, now a little bit of background. I'm 32, I'm married, have a daughter. As of today, she's 20 months old. So young daughter.

[Ken Coleman]

Thank you.

[Audience Member 6]

And we have another baby on the way.

[Ken Coleman]

Oh, congrats.

[Audience Member 6]

So the business I'm working on is kind of based off of reading your book, find the work you're wired to do. And I have a passion for. Brings me joy. I love it. But it's just a side business.

[Ken Coleman]

Are you making any money with it at all? I am.

[Audience Member 6]

I'm making a little bit of money. And it's. It's a couple Thousand a month.

[Ken Coleman]

And that's after expenses?

[Audience Member 6]

Yeah.

[Ken Coleman]

Okay, great.

[Audience Member 6]

After expenses.

[Ken Coleman]

Okay, great.

[Audience Member 6]

So the business is like, I go around the valley and I help other businesses sell products that are just kind of just haven't been sold and they're sitting on their shelves and need to move inventory. And so it's kind of like good, fast, cheap.

[Ken Coleman]

Sure.

[Audience Member 6]

It works with all of those. So I've been kind of pursuing that and I enjoy the connections and the sales process behind it.

[Ken Coleman]

What's the challenge you're asking about tonight?

[Audience Member 6]

So the challenge is do I focus my attention on trying to build that or do I just continue with my career path I'm kind of on? But I also have the baby on the way. I have my family I'm trying to support. So I'm kind of juggling a lot.

[Ken Coleman]

Yeah. So I think it's pretty simple. I think the fact that you are making some actual profit and a couple grand a month is nothing to sneeze at when I've got another baby on the way.

[Jade Warshaw]

How much time do you spend a month getting that couple thousand, like in it? In a week, how many hours do you work?

[Audience Member 6]

It varies quite a bit.

[Ken Coleman]

Give us an average.

[Ken Coleman (on location)]

Yeah.

[Audience Member 6]

So let's say average, probably 10 hours a week.

[Ken Coleman]

So is mama gonna want you to stop working that extra 10 hours a week when baby two comes along?

[Audience Member 6]

Very possible. Maybe for a short time.

[Ken Coleman]

So I think it's okay to press pause on that because it's not your inventory. It's not like you're stuck with a bunch of inventory on your shelves. That's, you know, I gotta get my money back. This is something where you're going out, hustling, finding some stuff, and you're a reseller, which I really applaud you on that. So I think it does come down to the amount of hours we're gonna work. And if she says, okay, well, you're in 40 hours a month, 10 hours a week average. You're bringing home $2,000 a month. Is she okay with that? And maybe we want that 2,000amonth. I will tell you this. I don't know what Rachel and Jay think, but I would be doing it all the way up until the baby's born to stack as much cash as possible.

[Rachel Cruze]

Were you hoping to make that your full time career?

[Audience Member 6]

Eventually I would like to. I would like to make it as a business that I can run a scale on.

[Ken Coleman]

So in this season I would just. Whatever. I already gave you what I think you should talk with her about. Okay. Now, going Forward. Because I know where your question is. Like, when do I know? When do I walk from my career to that?

[Audience Member 7]

Yeah.

[Ken Coleman]

Is that the question?

[George Kamel]

Exactly. Super simple.

[Ken Coleman]

You ready? When you have a minimum of six months of your current salary. Okay. In your day job, I would want a minimum six months. I personally would do 12 months. Okay. That's super conservative. They've heard me say this on the show before, but I'd say six to 12 months of your current salary, your day job in this side company bank account, before I would ever walk from the day job. Because you don't want the kind of pressure to survive on a new business. You want a pipeline. You want to prove that I found my places in the Valley. They're used to me now they're calling me. They're calling three or four other businesses to say, hey, you got some extra inventory. This is your guy. You need to build the pipeline plus a bank account before I'd ever even think about moving on. Yeah, thank.

[Audience Member 6]

Financially speaking, that makes. It makes sense. Also, it's kind of, you know, when the next baby comes, they got two babies. And then we got everything else we're trying to work on in life. Saving up for expenses. We just recently paid off our last debt just two weeks ago.

[George Kamel]

Congrats. So you're on the baby step three.

[Audience Member 6]

So we were hustling and doing all this, and so I guess it was just kind of like that feels like there's a lot of things going on, a lot of things moving right now. Then pull it back and maybe pause. But for how long?

[Rachel Cruze]

You guys decide. And you guys need to be intentional about it. Right. And to say, okay, let's give it 90 days and pause it for 90 days. And let's regroup and look at 90 days. How are we both feeling? Like you need to be in sync with her in this process. Because if you have a spouse that, you know, if you guys. Now, it's one thing. If she's like, go, go make money. I don't care. Like, do what you gotta do. Right? Cause there's seasons of grind and you're both on the same page. And even though there'll be hard, hard days in the grind season, you both are aligned. The worst is when one spouse is like, I'm gonna go do my thing. Cause I feel over here. And the other one's like, this is not what I want my life to look like. Then you start to walk two different paths, so closely aligned. And you're both adults. You get to make decisions. Right. You both get to say after 90 days or whatever, the timeline is like, I'm feeling good. This is good. Or let's wait one more month and then after the summer's over, whatever it looks like. But just breathe, you're okay.

[Ken Coleman]

You guys make the decision together. Hey, give this guy, he's so wound tight right now.

[George Kamel]

He's got another baby on the. Give him some love. Thank you, buddy. Appreciate you.

[Audience Member 6]

Thank you.

[Ken Coleman]

You bet.

[George Kamel]

All right, up next, coming to the mic is Raluka. Raluka. Give her some love.

[Ken Coleman]

There we go.

[George Kamel]

I gotta say this, Can I brag? Can I brag?

[Ken Coleman]

She was at the Chicago event last fall.

[Raluca]

Yeah.

[Ken Coleman]

So she's like, she's making the tour stops with us.

[Raluca]

That's right.

[Ken Coleman]

Fantastic.

[George Kamel]

Okay, step up to the mic and

[Ken Coleman]

tell us your question.

[Raluca]

Okay. I'm Raluca from Omaha, Nebraska. And woo. We got one other person.

[Audience Member 5]

Great.

[Ken Coleman]

Very exciting.

[Raluca]

All right, Omaha. Okay, so is it wrong to want to invest in the stock market like s and P500 instead of becoming a homeowner with your first home purchase? I'm very content at renting. Right now. I'm renting a house, have a roommate and my rent's $1,200. I do have a six month emergency fund. Well, well over that. So I guess I'm working on a down payment. Step 3 B. I not the stereotypical wanting to get into a house as a single, single Pringle.

[Jade Warshaw]

But how long is that your plan? How long do you plan on riding that out?

[Raluca]

I guess if I had to throw a number out there, 10 years. If I saved up for 10 years, then maybe.

[Jade Warshaw]

And are you investing some of the money in retirement and also some of it in a fund that you could get to like a brokerage account?

[Raluca]

Correct? Correct.

[Audience Member 2]

Yes.

[Raluca]

Do my 15% for the 401k with work and then also just regular brokerage account.

[Jade Warshaw]

I mean on the one hand, obviously if you don't have the money to purchase a home yet, it makes sense that you would continue to save up. And if you know the horizon is greater than five years, yeah, sure, it makes sense to go ahead and invest that money. I don't want to ask you how old you are in front of all these folks.

[Raluca]

29.

[Jade Warshaw]

Oh, you're.

[Raluca]

There you go.

[Ken Coleman]

I was going to ask anyway.

[Jade Warshaw]

Yeah, I mean, I don't think there's anything wrong with renting for a season of life, for a period of life. We were talking earlier, it's expensive to own a home and especially if it's not something you're Interested in right now, I don't think that's a bad thing. However, I do think long term, there is going to be a time where you're going to want to stabilize that line item on your budget. And the only way you really can do that is by purchasing a home. And we do find that it is a major part of people's wealth building potential. Right. When we did the biggest study of millionaires, we found, yeah, owning a home is a huge part of becoming a baby steps millionaire. And so for that reason, I would want that in the cards for you in the future. But if you're saving towards it for you, honestly, you're probably gonna be at the point where you buy it in cash because you're such an investor, you're such a saver. I don't think there's anything wrong with that. And writing out that timeline, you could be 40 when you buy your first house in cash.

[Raluca]

Yeah, I don't mind that.

[Jade Warshaw]

I don't mind that.

[George Kamel]

That's a huge win.

[Ken Coleman]

And you know what's great about this? The freedom that comes with this. You're just stacking cash. You're gonna be in a position to do that, but you've also got a lot of freedom. So I think in your position. I love that advice.

[Jade Warshaw]

I do, too. I'm excited for you, honestly.

[Ken Coleman]

Good for you, by the way. You're crushing it. You know what I mean?

[George Kamel]

I love to see that you're crushing it.

[Ken Coleman]

Yeah. That's awesome.

[George Kamel]

Thanks for coming tonight.

[Raluca]

Yeah.

[George Kamel]

All right. Very fun. Are you coming to.

[Ken Coleman]

Are you going to make the trip with us down to Anaheim?

[Raluca]

I don't know about that.

[Ken Coleman]

Okay, no pressure. I was just.

[Raluca]

Hey, I'll come down to Tennessee. I'll see you guys.

[Ken Coleman]

That is fun. We'll see you there. All right. That is fun stuff.

[Rachel Cruze]

So good. So good. Thank you. Thanks for the question. Yeah. Be a great investor. I love that. Okay, question in the room. How many of you guys are in a position where someone is dependent upon your income? A spouse, kids in the room, anything? Yes. Okay. So it's a good bit. And there's a lot of people that listen to us or that are watching the Ramsey show right now, and that is the case. And I think one of the biggest mistakes people make is when they don't get life insurance. And it's one of the saddest. Yes.

[George Kamel]

People are clapping for life insurance.

[Ken Coleman]

We know where the Ramsey come.

[Audience Member 1]

Right.

[Rachel Cruze]

That's what we love. No, but really it is. And people get confused because it's not A baby step. Okay. If someone is dependent upon your income, you need term life insurance. And we love Zander insurance and Jeff Zander we've worked with for decades, and they really are the best place to buy it. So if you do not have term life insurance, you guys, regardless of your baby step, it is something you need to get.

[Jade Warshaw]

Yeah. And I would even add to that. A lot of people get it twisted because they think life insurance is a baby step. It's not like you do it the moment that you find out about it. So if you're in baby step two, you still need term life insurance. And it's so simple, guys. Again, if something happens to you, anybody who depends on your income, if something happens to you, they're covered. And that's so important. You don't have to worry, are they gonna be able to keep the house? Are they gonna be able to keep continuing life at that level? And we do recommend 10 to 12 times your income. And it's super easy. It's straightforward. Guys just go with Zander because they're not trying to sell you a wealth building tool. They're simply trying to sell you protection.

[Rachel Cruze]

Yeah. And it's inexpensive, too. And if you are a stay at home parent, you need life insurance. And we used to say half a million on a stay at home parent. But honestly, I would bump it up.

[Jade Warshaw]

I'd go as high as you can go.

[Rachel Cruze]

I mean, seriously. But if you are healthy, especially you guys, like, this is one of the things that everyone needs to have again, I said earlier, but it is. It's one of the saddest calls we get when people don't have it and they lose a spouse.

[Ken Coleman]

Crazy. I remember when we realized I had three kids and I was like, I got to step it up. Right? And plus the income changed. And I remember it was so affordable. I got so much insurance on me. I didn't trust Stacy when I went to bed.

[Rachel Cruze]

It's like a Dateline special.

[Ken Coleman]

I was like, very jittery.

[Rachel Cruze]

So go to Zander.com and get your instant quote online. That's Zander.com with a.

[Ken Coleman]

And by the way, Jeff, Zander guy's been friends of Dave's for a long time. Great dude. Solid company. Can't trust anybody anymore, by the way. Speaking of which, I want to thank our friends at Fairwinds. You know, they're the sponsor of our studio in Nashville, and because of them, we're able to do an incredible tour like this. So we want to say thank you again to our friends at Fairwinds Credit union. Fantastic group. Need to check them out. We really trust them as well. So would you thank them for making this tour a reality?

[George Kamel]

Really, really awesome.

[Ken Coleman (on location)]

While the Ramsay show is out here in Phoenix, I thought I'd wander over to Arizona State and ask the next generation how they're handling money. Tell me the dumbest thing you've done with money thus far.

[Ken Coleman]

I like to follow K Pop.

[Ken Coleman (on location)]

Have you spent over $1,000 on K Pop related things?

[Ken Coleman]

3,000, I think.

[Ken Coleman (on location)]

$3,000?

[George Kamel]

Buy a spoiler for my car.

[Ken Coleman (on location)]

A spoiler? What kind of car is this?

[George Kamel]

Mustang.

[Ken Coleman (on location)]

Oh, wow. Is it still on there right now?

[George Kamel]

Yeah, it is.

[Ken Coleman (on location)]

I mean, why take it off? You already spent the money. What'd that cost?

[George Kamel]

Like 300 bucks.

[Ken Coleman (on location)]

Oh, that's not bad.

[Audience Member 6]

I went vacation, first ring break, put it all on my credit card pretty much.

[Rachel Cruze]

If I were to cover the tab

[Jade Warshaw]

at a restaurant and they sell me,

[Rachel Cruze]

I think it's free cash.

[Ken Coleman (on location)]

You've weaponized your own generosity to cause you to spend even more. Yeah, it's a pretty wild take.

[Jade Warshaw]

Went to Vegas and gambled my money away.

[Ken Coleman]

How much did you lose altogether?

[Jade Warshaw]

I lost about $2,000 in my winnings.

[Audience Member 6]

Since I'm a Dragon ball fan, I guess you can see where I'm going with this. I bought like a lot of action figures.

[Ken Coleman]

How many?

[George Kamel]

Over 9,000. 10. 10?

[Ken Coleman (on location)]

You have 10. How much have you spent on Dragon Ball Z related things in your life?

[Audience Member 6]

500 to $600.

[Ken Coleman]

When I was like 14, I spent 100 bucks on like, a Tanner Fox meet and greet.

[Ken Coleman (on location)]

What is that?

[Ken Coleman]

He's a stupid YouTuber. I watched when I was like 14.

[Ken Coleman (on location)]

Do you pay $100 to meet Dave Ramsey?

[Ken Coleman]

Probably not, no.

[Phil]

Sorry, Dave.

[Ken Coleman (on location)]

Sorry, Dave.

[George Kamel]

So you guys have been asking us

[Ken Coleman]

questions and we'll get to more of those. But this is the part of the night where Jade, Rachel, we like to flip the script. And so we're gonna ask you some questions. Just kind of shout out to us, we'll kind of behave and we'll figure it out. So I want to start with Jade. You get to flip the script. What's a question you want to know from the audience?

[Jade Warshaw]

Yeah, I want to know if you've ever bought something simply because you were influenced on the Internet to buy it. You were talked into it.

[George Kamel]

So we got mics on either side.

[Ken Coleman]

So raise your hand and then our micro owners will get to you.

[Rachel Cruze]

Maybe it's like the dumbest thing too.

[Jade Warshaw]

Yeah, and it was stupid. Like it was something possibly you regret.

[George Kamel]

Raise Your hands again. We got to get them up. So we.

[Jade Warshaw]

Or maybe it was really awesome and you can tell us about it and we can get one, too.

[George Kamel]

Where's my mic, guys?

[Ken Coleman]

Wes, you got them right in front of you. Here we go.

[George Kamel]

Yes, sir.

[Ken Coleman]

What's your name?

[Jamel]

Jamel.

[George Kamel]

Boy, you got a voice. It's not the first time you've had

[Ken Coleman]

a mic in your hands.

[George Kamel]

Listen to this.

[Jamel]

My wife is, like, putting me over here. We have horses and stuff. And there was some lights, just regular. What are they? They're just three lights that are on this thing.

[George Kamel]

I'm not tracking the horses and the lights. What are we talking about? Yeah, it was pretty stupid, I gather.

[Ken Coleman]

Gathering.

[Jamel]

So, yeah, I bought one just to check it out and then went back on it, Amazon, and went back online, and I looked and they had them like, 20 off, so I ended up buying five. Now they're sitting in my office in a box.

[George Kamel]

What do the lights have to do with the horses?

[Jamel]

So I'd be able to see them instead of trying to.

[George Kamel]

They're like floodlights.

[Jamel]

Yeah, like floodlights, but yeah.

[George Kamel]

What was the total cost of all the lights?

[Rachel Cruze]

I don't know.

[Jamel]

I think it was around 200 bucks, maybe more.

[Ken Coleman]

200 bucks? And you saw this from an influencer or somebody else?

[Jamel]

I saw it on Facebook.

[Jade Warshaw]

Well, did they do the job?

[Ken Coleman]

Did they at least know they're still on Facebook?

[Jamel]

I got one up, and it lights the whole area.

[George Kamel]

Oh, this is terrible.

[Jade Warshaw]

I got five, sir. It's a. It's called a return.

[Jamel]

I'm past that already.

[George Kamel]

Oh, you're pastor already? Well, you might have to replace the

[Ken Coleman]

original, so, you know.

[Jade Warshaw]

Ken, do you need any lights?

[Rachel Cruze]

Any horses, Ken?

[Ken Coleman]

Me and animals. I just kind of watch them on tv. Thank you, sir. That's very good. Do we have another. Do we have a specific. Let's get a couple more.

[George Kamel]

One more of those. I saw hands write this. This gentleman in the orange shirt with the lovely bald head back there. Stand up, sir. What's your name?

[Brad]

Brad.

[Ken Coleman]

Yes, Brad, tell us the dumb thing or tell us your story.

[Brad]

I don't think it's dumb. We'll find out.

[Ken Coleman]

Why are you standing there?

[Brad]

So I'm a cyclist, and I watch a show nor Cal Cycling, and they kept talking about ketones, and so I decided to look at Go on to Ketones. And they give you energy when you're doing a race because I race my bike, but they're like 120 bucks for, like 26, and they're like this big. So for months and months and months, maybe even over a year, I decided not to buy them. But then I finally went to the site the other day and they were on sale for 80 bucks. And my wife saw the expense, which, my lovely wife, I can see her

[Ken Coleman]

now, her hand is in her head and she's just, she's just called me

[Brad]

on the phone and asked me what it was and I was like, it's something I thought I needed.

[George Kamel]

That's what you said?

[Brad]

Yeah.

[George Kamel]

I thought you would have went hard on the cycling.

[Rachel Cruze]

You waited a year.

[Brad]

Well, I don't know if I need it yet. We'll see if it works.

[Ken Coleman]

Oh, does anybody know if ketones work?

[Rachel Cruze]

Work?

[George Kamel]

I don't think anybody in this room

[Ken Coleman]

heard of a ketone.

[Brad]

Did I get scammed?

[Ken Coleman]

I. I don't know.

[George Kamel]

Look it up.

[Brad]

Keystone Ketones, Energy, ketone iq.

[Ken Coleman]

I don't think it's a good idea. I really don't.

[George Kamel]

I think you should talk to this

[Ken Coleman]

other guy and you can band together. You don't send it all back.

[Brad]

You don't think buying ketone IQ is a high iq?

[Ken Coleman]

I don't think so.

[Brad]

Okay.

[Ken Coleman]

But hey, I appreciate that you're out there cycling.

[George Kamel]

Yes. By the way, just want to say

[Ken Coleman]

to all cyclists, could you guys get over a little bit?

[George Kamel]

No, no, no. Don't give him the mic, Wes. No, because they don't know.

[Rachel Cruze]

Yes.

[George Kamel]

We're in the cars, you're in the bike.

[Ken Coleman]

Get over on the side a little bit.

[George Kamel]

Drives me bananas.

[Rachel Cruze]

We had a whole happy George Campbell and I did a whole.

[Ken Coleman]

Did you guys talk about that?

[Rachel Cruze]

Yes. And I'm so sorry not to pick on you, but yes. At like 5 o' clock during rush hour on this small. And I'm like, do you hate your family? Like, why do you want to die?

[George Kamel]

Do you?

[Rachel Cruze]

Why do you want to die?

[George Kamel]

You're holding us all up. I just want to get home. Anyway, fun stuff.

[Audience Member 3]

We love you, though.

[George Kamel]

We do love you, sir.

[Ken Coleman]

Just. There's a lot of pent up anger at cyclists I've got.

[George Kamel]

Okay, I have a fun question, I think.

[Ken Coleman]

Is there anybody in here that's willing to share maybe an ethically questionable move you've made to save money?

[George Kamel]

Yes, I see that hand right here. Keep your hand up so we can get to you. Stand up, sir. I like you. What is your name?

[Anthony]

Anthony.

[Ken Coleman]

Anthony, what is this ethically questionable thing you did to save money?

[Anthony]

So I ran this by a couple of my friends.

[Ken Coleman]

That was a good decision.

[Anthony]

Okay, well, I'm a travel nurse and I go throughout the whole country, kind of working everywhere. And I was doing a stint in Harlem and when I was there, I stayed in an apartment that was completely empty. Empty, didn't have a bed or anything. So I ordered one online that had like, I think it was like a six month return policy. And I was only there for six months and it came in a box, so it made it up to the top of the apartment and it was a free return and they picked it up in the city and technically I didn't need it anymore.

[Ken Coleman]

And it was within the six month window.

[Anthony]

It was within the six month window, but I think I violated the spirit of the return window.

[George Kamel]

Because you slept on it for how many months did you sleep on it?

[Anthony]

Six months. Oh, right at the wire, right up to the line.

[George Kamel]

You need to go see this gentleman

[Ken Coleman]

with the extra floodlights. He needs some mentoring from you.

[George Kamel]

That's pretty questionable.

[Anthony]

It's right in that gray zone.

[Jade Warshaw]

I mean, how much money did you save?

[George Kamel]

Oh, how much money did you.

[Anthony]

It was one of those nice, like, king ones. I went, I, I, I got free sheets out of it and did you keep the sheets?

[George Kamel]

Did you keep the sheets?

[Anthony]

I did. Cuz they let you.

[Rachel Cruze]

Okay, the George Camel thing. How many of y' all have used something and returned it, like, well, knowing. Oh, shame on all of you. Shame on.

[George Kamel]

Now wait a second. I want the audience to vote.

[Jade Warshaw]

Does it depend on what it is?

[Rachel Cruze]

No, you've used it well.

[Jade Warshaw]

Like sometimes you get a pair of shoes and you're like, these are terrible.

[George Kamel]

Like you said after one day, not

[Ken Coleman]

six months at the office.

[Jade Warshaw]

Yeah. O saying you walk around for a day in them.

[George Kamel]

You're like, I want to know, show of hands.

[Ken Coleman]

If you think Anthony was unethical, raise your hand.

[Anthony]

I, I bought it with every intention of returning.

[George Kamel]

No judgment. This is just if, if you would have done what Anthony did, raise your hand. I love it. There's some cheap people in this room.

[Ken Coleman]

Split. George would be so proud, wouldn't he?

[Rachel Cruze]

Yeah. George used a vacuum cleaner, y', all, for like five years at Costco. And he was, was like, it doesn't work anymore. And I'm like, yeah, cuz you been using it for five years and did a return. I was like, oh my gosh.

[Jade Warshaw]

Funny.

[Rachel Cruze]

Well now, Anthony, you're a trooper. You're a trooper.

[George Kamel]

All right.

[Rachel Cruze]

I have a question. This is going to take some, some,

[Ken Coleman]

you know, don't make me feel in the back. I don't know.

[Rachel Cruze]

Is that okay to say take some balls from the audience?

[Ken Coleman]

Rachel Cruz.

[Rachel Cruze]

Then I thought, the lady's in here. Anyways. Okay, when and what was the last marital argument you had about money?

[Ken Coleman]

Who wants.

[Rachel Cruze]

It's going to take some courage.

[George Kamel]

There we go. In the back of the room.

[Jade Warshaw]

I see it.

[Rachel Cruze]

That's what I want.

[George Kamel]

Stand up.

[Ken Coleman]

Stand up.

[Rachel Cruze]

Tell us what it is.

[Andrew]

She's not even here to defend herself.

[George Kamel]

First of all, what's your name?

[Andrew]

My name's Andrew. I actually called six or eight weeks ago about my type 1 diabetic daughter. And I want to thank you guys for.

[Rachel Cruze]

I remember that call.

[Andrew]

I wanted to thank you for how you handled that. And she's doing great and I wanted to appreciate you guys.

[Ken Coleman]

That's great.

[George Kamel]

Who's on.

[Rachel Cruze]

I remember that. Yeah, I don't know, but my friend, I was telling you her daughter had it. Yes, I totally remember talking. Who was it? Who was with me? George or Ken?

[Andrew]

It was you and Ken.

[Rachel Cruze]

You made such an impact.

[Ken Coleman]

Boy, I feel pretty stupid right now.

[George Kamel]

No.

[Andrew]

All right, you guys.

[Ken Coleman]

If you gave me a few more details, I would know, but. Glad she's doing well.

[Andrew]

No, she's doing great. I appreciate that, but the last marital conflict that we had over money was. I'm into baseball. I'm a D backs fan. Go D Backs. They're going to do something this year. I really do think something. So I'm a big. Diamondbacks. Diamondbacks.

[George Kamel]

Yeah.

[Ken Coleman]

I know.

[George Kamel]

You got to be careful. Don't shake your head.

[Andrew]

You can't shake your head.

[George Kamel]

Don't be.

[Andrew]

I know you don't.

[George Kamel]

No, no, no.

[Rachel Cruze]

We just misheard you.

[Andrew]

Oh, okay.

[George Kamel]

You said D backs really fast. D backs. It sounded like something else, that's all.

[Andrew]

Well, I want. I want to. We don't. We live in Santan Valley. Go Santan Valley. So it's a 45, 50 minute drive to the stadium. So we don't go to games all the time.

[Ken Coleman]

Sure.

[Andrew]

So I want the baseball package to watch the games on. We have had couple of intense moments of fellowship last year about how many games I was watching a week. And then. But then I promptly blamed my son for it because he wants to watch them too. And so I tried to bring him into it and my wife didn't fall for me.

[Ken Coleman]

Yeah, pro move, by the way.

[Andrew]

I got four kids. I have the most kids. I'll use them for anything. But anyways, that didn't work either. And so she told me no. And I was like, all right, I guess that ships over. But then this year, year I was able to say, well, I get a Student discount, because I got one last year. It was only $120 last year. And she gave me the go ahead. She's like, go ahead, just do it. It's going to be fine. And I said, cool. It was $220. And she didn't say anything about it until five minutes after I did it. She's like, it's $220. You said, go ahead. I didn't know what to do. So that was, like, the last major thing that we got in.

[Ken Coleman]

How'd that finish out?

[George Kamel]

What's the rest of the story?

[Andrew]

Before the thing started tonight. So we're doing just fine, right?

[George Kamel]

If you can get away with it, that's a great move.

[Ken Coleman]

All right.

[George Kamel]

Thanks for sharing.

[Rachel Cruze]

That was good.

[Ken Coleman]

That was good.

[George Kamel]

Do we have another one of those?

[Ken Coleman]

These are really good.

[George Kamel]

Okay, I've got a question.

[Ken Coleman]

We'll do one more, and we'll get back to your questions. Does anybody have a really weird or peculiar hobby that costs, you know, a decent amount of change? Anybody got a hobby?

[George Kamel]

Right here.

[Ken Coleman]

I see.

[George Kamel]

Oh, I see two right here. Let's start back here. Right in the middle with the hoodie. Yes.

[Ken Coleman]

Stand up. We'll get to you. Here comes Katie. Oh, I can't wait. I love this.

[George Kamel]

Real quick, tell us your name and

[Ken Coleman]

what the hobby is.

[Audience Member 5]

My name is Margaret.

[Ken Coleman]

Okay, Margaret.

[Audience Member 5]

And it's not my hobby, but it's a family thing.

[Jade Warshaw]

Okay.

[Audience Member 5]

Club sports.

[George Kamel]

Club sports?

[Ken Coleman]

Like as in what, soccer? Basketball?

[Audience Member 5]

Yeah, my son's in club soccer. My daughter's in club softball. My daughter plays golf, and all our money goes to sports.

[Ken Coleman]

I feel like it's a confession. And is this a confession?

[George Kamel]

Oh, you just turned it.

[Audience Member 5]

The day somebody didn't play sports growing up, and somebody did.

[Rachel Cruze]

Oh, God.

[George Kamel]

This got a little deeper than I thought it was going to. Now, wait a second.

[Ken Coleman]

You just stood up and just totally

[George Kamel]

threw him under the bus and backed up over him, and he still got the thumbs up. Do you guys need an intervention or

[Ken Coleman]

are you guys okay?

[Audience Member 5]

You got Marshall, we got margin so

[Ken Coleman]

you can afford this.

[Audience Member 5]

That's what we just spend our money on. But you have no weekends and no life.

[Rachel Cruze]

She is not happy about her life.

[George Kamel]

Would you like us to weigh in

[Ken Coleman]

on this or no?

[Audience Member 5]

No.

[Ken Coleman]

I appreciate the honesty.

[George Kamel]

Well, I will say this because you

[Ken Coleman]

didn't ask me, too, but I'm gonna tell you anyway. You guys need to have. No, I'm serious. You guys need to have a real conversation. Cause what has been done in jest here tonight has got some seriousness under it. And I'm going to tell you something else to you, sir. And I grew up playing every sport I did, played everything. But I grew up in an era where there was no club sports.

[Audience Member 4]

Right.

[Ken Coleman]

It was just rec league and all that stuff. Your kids are probably not going to go pro.

[Audience Member 5]

We know that.

[George Kamel]

Well, then why are we spending all

[Ken Coleman]

of our money and all of our time on something that is not going to roi? You don't have to answer it. I'm not being unconscious, but I'm just

[George Kamel]

going to be really honest with you

[Ken Coleman]

because I think underneath the jokes and the thumbs up and everything, we're a little stressed out.

[Audience Member 5]

We're not stressed out financially about it or just.

[George Kamel]

We're just stressed out.

[Audience Member 5]

We're stressed out relationally because we're spending the money on that.

[Ken Coleman]

I think you guys need to have a date. And let's cut back. The kids are going to be fine.

[George Kamel]

All right? Give them some love. That's a fun confession there. I'm very passionate about that because I agree.

[Jade Warshaw]

Yeah.

[Rachel Cruze]

And that's a hot button topic. You put that out on the Internet.

[George Kamel]

Well, I know that I'm killed for

[Ken Coleman]

that, but the data backs me up. And all the specialization in youth sports right now, let's make it very clear. And this is a guy who loves sports, but the specialization is a con. And they're conning good people out of money and they're preying on our desire for our kids to be stars.

[George Kamel]

And I'm not picking on this couple. I'm saying we're all susceptible to that. And at some point we gotta say,

[Ken Coleman]

wait a second, what is most important? Is it Johnny playing on every travel team or is it we actually have a life? And so I'm just going to throw that out there at risk of me and the grumpy old man. But that's what I think.

[George Kamel]

So there you go. All right, up next, welcome to the mic. Robbie, Robbie, come on down. Yeah, give him some love. Keep up the energy. There he is. All right, Robbie, close to the mic.

[Ken Coleman]

Tell us where you're from.

[Audience Member 4]

From Gilbert, Arizona.

[Ken Coleman]

Nice.

[George Kamel]

Oh, strong representation from Gilbert tonight.

[Ken Coleman]

Good to see, good to see.

[George Kamel]

What's your question?

[Audience Member 4]

So my question is I've been working seven days a week for the last two years trying to figure out how to create some urgency with my wife surrounding our debt, which is about 150,000. I think I've tried everything possible, but I'm just trying to create urgency with her.

[Jade Warshaw]

Is she here tonight?

[Audience Member 4]

She is not here tonight. I did invite Her. But she didn't.

[Jade Warshaw]

Income, dad. Gummet. Yeah, why not?

[Rachel Cruze]

I don't think she likes this.

[Audience Member 4]

Yeah, she might not. It might be a bad word in our house.

[Rachel Cruze]

So we've been weapon.

[George Kamel]

I don't think there's any mites about it.

[Jade Warshaw]

So when you. When you guys sit down and the number comes out $150,000 of debt, what's her. What's her response to that? Not the Ramsey plan. Not the. The way you want to get out of it. Just the debt. How does that make her feel?

[Audience Member 7]

Feel?

[Audience Member 4]

I think it's. It's been going on for so long. I think she's kind of accepted that that's just the way things have to be. Yeah. I don't think she. She thinks too much about it and just kind of thinks that's the way life is right now. But I feel like I'm working hard and working a lot, and I'd like to see the needle move, but I just don't know how to motivate her.

[Jade Warshaw]

And what part of that is she unwilling to move on? Is it a certain line item on the budget? Is there something you want to do, like sell a vehicle and she's not on board? Show. Tell us real things that you're wanting, like moves that you're wanting to make that she's not on board with.

[Audience Member 4]

I think all things are on the table. Selling vehicles, cutting back on expenses, selling what needs to be sold that we don't use. Like I said, I think everything's on the table for me.

[Jade Warshaw]

And you've said that to her, so. Because my question is, I don't know if she's a numbers person, but if. If you say we have $150,000 of debt and we could move 50 of it just by selling off these vehicles, and then you're kind of laying out the timeline of. Of how quickly you could be free. I don't know if you've done that, have you?

[Audience Member 4]

I've done it in the past. It seems like it's so far away that it's kind of hard to accept, though.

[Jade Warshaw]

Okay. How far away is it?

[Audience Member 4]

At least four years away.

[Jade Warshaw]

Okay. Yeah. That's a real thing. So the hard part with this is I do think that most of us in here have had some sort of an iPad at moment or some sort of a catalyst moment. And sometimes with couples and couples, it doesn't happen at the same time. Right. It'd be wonderful if it did. And then you're on board. That's what happened with Sam and I happened at the same time. But if it doesn't, it's that ongoing conversation and that continuous feeling of it. Right? And the way that you can help push on that is to tell her how you're feeling. Oh, I'm just feeling trapped. I don't want to feel like this forever. I feel like I just go to work and go to work and we still feel broke. And if you're telling her constantly how you're feeling and that you have a hope for a different future, that's the best you can do, right? And then at some point you've gotta get to her heart on it and figure out what is it on her end that's keeping her from that. Because we all have a desire to be free, all of us. So my guess is not that it doesn't bother her or that she doesn't care about it. There's probably something deeper under there. Maybe there's a fear. Because the truth is she doesn't know. She doesn't know for sure, like inside of herself what's on the other side of that sacrifice. And I think that holds a lot of people back. What if I do this and I sell the car, he works extra and we still don't get to it? Right. That's very, very scary. It's an unknown. It's fear of the unknown. So if I were in your shoes, I'd be a detective, Like I'd be a full time detective trying to understand really what is it that's bothering her. So you can turn that screw.

[Audience Member 4]

Okay.

[Rachel Cruze]

And you may have had so much control over the money and all of it's on you that she doesn't feel the weight of the finances in your home at all. To feel anything. Right. Stress or whatnot, you're taking it all away on. You're trying to be the hero in the situation. And the truth is it's both of your debts, right? Like you guys are in it together. What is what consists of the 150,000?

[Audience Member 4]

Is it consumer couple consumer loans and then student loans and student loans.

[Rachel Cruze]

Both of yours.

[Audience Member 4]

Just the consumer is ours together. Student loans are mine.

[Rachel Cruze]

Are yours?

[Jade Warshaw]

Yeah.

[Rachel Cruze]

Yeah.

[Ken Coleman]

What's your income?

[Audience Member 4]

Last year our gross was 141.

[Rachel Cruze]

I think the hard part is sometimes if one spouse is so passionate about it and wants to do it, they're carrying the all the emotional weight that the other spouse doesn't honestly have to feel anything.

[Ken Coleman]

Is that what's going on?

[Audience Member 4]

It's tough, you know, I have a 14 year old daughter and you know, we don't spend a lot of time together because I'm always at work, so.

[Ken Coleman]

No, no, I get it. I heard what Jade said. I heard Rachel said. I'm curious. You were saying.

[George Kamel]

Right, right.

[Ken Coleman]

I want to know, like, is that what they're describing? Is that what's going on in your house? She just has no belief that it could ever happen, so she's just resigned.

[George Kamel]

Or is it.

[Ken Coleman]

She doesn't think it matters.

[Audience Member 4]

I think she feels like it's not. Not something that that's going to happen,

[Jade Warshaw]

you know, so she doesn't have hope.

[Audience Member 4]

But have you shared hope in that?

[Ken Coleman]

Have you shared what Jade said? Have you told her how you're burning out?

[Audience Member 4]

I mean, on occasion, but, you know, I. Sometimes it sounds like complaining and I don't want to complain. I just want to work.

[Ken Coleman]

Wait a second, wait a second. I'm starting to pick up on something. I don't think. And there's no shame in this, friend. There's no shame. But I'm taking a chance here. I don't think that you have sat with her, her and poured your heart out to her about. There's the emotion right there. I don't think that she actually knows how exhausted you are physically. I don't think she knows how exhausted you are emotionally. I don't think she knows that your heart is broken in two because you can't spend time with your daughter. I don't think she knows it because you've built up in your mind that you've got to be a good man. And I'm here to tell you, my friend, I'm looking at a great man.

[George Kamel]

But I think, I think that's what's going on.

[Ken Coleman]

Tell me if I'm wrong.

[Audience Member 4]

That sounds right.

[Ken Coleman]

What are you afraid of when you tell her? If she were sitting here, I'd get you to tell her that. But what do you think her real reaction would be if you put yourself out there And I know I'm asking a lot for you to be that vulnerable. What do you think she would. How do you think she'd react?

[Audience Member 4]

I think that if I sat down and poured my heart out to her that she would understand. I just don't know that, that I've,

[Ken Coleman]

you know, I've done that yet and that's okay. And I don't bring that out to put any ounce of shame on you, my friend. But I'm telling you, if you care about your marriage, if you care about your 14 year old, if you care about living a life that you desire, you have to do this. You are in a danger zone. Man is not meant to work seven days a week and never share what's really going on. I also think that you're in control of the money. And I think you gotta let her know how you feel. And then you gotta say, babe, do you trust me? Because if you trust me, I can get us out of this by leading us. Well, one of the things we gotta do is sell the car. I'll go first. You see what I'm saying?

[George Kamel]

Yeah.

[Ken Coleman]

You gotta lead, but you can't lead if she doesn't know how you really feel. And so I got something for you. Okay. I got two things for you, but I can only hand. Could you bring the bottle of wine? Oh, love skin. This is very exciting.

[George Kamel]

I got some flowers for you. You're gonna go home with these flowers. Rachel's bringing a nice bottle of red wine. Okay. And you guys are gonna. You're gonna have a moment.

[Ken Coleman]

You're gonna say, ken put me up to this. He's a loudmouth on the Ramsey show. Blame it all on me. I can handle it.

[Rachel Cruze]

It's his fault.

[Ken Coleman]

But you need to have a conversation and share your heart. Be vulnerable. Vulnerable is strong, and you're a strong man. You got me? All right, brother.

[George Kamel]

We love you.

[Ken Coleman]

We appreciate you. Give him some love.

[George Kamel]

That's really cool.

[Ken Coleman]

Really fun.

[George Kamel]

By the way, I've said this the entire time I've worked for.

[Ken Coleman]

I have the spiritual gift of giving away Dave's stuff, so just got a

[George Kamel]

little budget of fun stuff back there.

[Ken Coleman]

Maybe you'll be lucky tonight.

[George Kamel]

All right.

[Ken Coleman]

If you do a good job.

[George Kamel]

Hey, that was awesome. Wasn't that fun? Hey, I want to bring that back really quick because I. I jumped into coach mode, but I. I would like

[Ken Coleman]

yalls perspective from the female side of things. What you would add to that and.

[Audience Member 4]

And when it.

[Ken Coleman]

When a couple like that is completely in different lanes. Anything you want to add to that? I don't want to miss this. That.

[Rachel Cruze]

No, I think it's. I think it's an important. And I think it's more of the marriage issue than the money issue. Right. The issue is vulnerability not fully being known for whatever the reason. Right. And I think we all can have elements of that. You know, whether his fear is weakness. I don't know what it is. Right. Like that whatever's driving that wall to be up and this need to be the hero, be the person that just takes care of it. I'm not gonna worry about anyone else. That. That then puts up your spouse on the other side of that wall. Right. And I even had Dr. John Deloney. He has the visual of the bricks in the backpack. But, you know, and you carry this around and your spouse has no clue, has no clue what you're carrying around. If you don't share it and open that openness then creates that teamwork and that side by side connection with spouses. And again, there's always gonna be one spot spouse that's like crazy Ramsey and obsessed. Okay, we know who you are. Like, there's always going to be that one and there's always going to be the one that probably rolls their eyes a little bit, but they're on board because they love their spouse. And I really believe, wherever he is, I don't know where he went, that your wife is a good woman. And if you have a great marriage, she's going to. She's going to embrace that. Right. And if she doesn't, that's a marriage problem. Right. We have to like, be talking about that. And so that's what's wild about the Ramsey show is so many of the money calls we get. Oh, yeah, it's not a money issue. Money's the symptom of what's really going on. When you actually fix the marriage stuff, then the money piece falls into place.

[George Kamel]

Okay, up next on the mic, give some applause to Maria. Maria, welcome. Hi, Maria.

[Jade Warshaw]

Hello.

[George Kamel]

Where are you from?

[Audience Member 2]

Tucson.

[George Kamel]

Tucson. Let's go.

[Ken Coleman]

Nice, nice.

[Audience Member 2]

Wildcat country.

[Ken Coleman]

There it is. I get it. I watch the sports.

[George Kamel]

My Michigan Wolverines pretty much destroyed you guys during the final four. I want to throw that out there.

[Audience Member 2]

Yeah, that was such a disaster.

[George Kamel]

You can boo all you want, but we want. All right, thank you very much. Sorry, Maria, back to you.

[Ken Coleman]

I couldn't help it. I'm a shameful sports fan.

[George Kamel]

All right, go ahead. What's your question?

[Audience Member 2]

All right, so my question is, and for a variety of different reasons, we recently had my adult son move back home. So part of that was he was in a condo. The. The HOA was very defunct. He was going to pay off debt, got out of a not fantastic relationship. So we are charging him roommate rent and the question is, do we return it to him when he is ready to move out or if there is something he.

[Ken Coleman]

I'm confused. I jumped ahead and shook my head.

[Rachel Cruze]

I'm very. Oh, you said no. Wait, really?

[George Kamel]

Yeah. No, he needs to freaking.

[Rachel Cruze]

How old is he?

[Audience Member 2]

31.

[George Kamel]

No, you don't give him the money back.

[Ken Coleman]

He's a dad.

[George Kamel]

Gum.

[Ken Coleman]

Grown man.

[Rachel Cruze]

He doesn't know. It's coming back to him, but he

[Jade Warshaw]

was paying rent at the other place.

[George Kamel]

Okay, make your case.

[Jade Warshaw]

Well, okay.

[Rachel Cruze]

What's your financial situation?

[Audience Member 2]

I am not debt free.

[Rachel Cruze]

Okay, never mind.

[George Kamel]

No, no, no. Does it matter? If you were worth $3 billion, I wouldn't give him that money back. He's a 31 year old grown man, Jade.

[Rachel Cruze]

Yes, I know, but have you heard Die with Zero? This idea that you. You know what I mean, that you're gonna be.

[Ken Coleman]

Stop it.

[Jade Warshaw]

I don't feel like that's the.

[George Kamel]

That's not the point of that.

[Rachel Cruze]

Okay.

[Jade Warshaw]

That would be my question. What caused you to charge him rent to begin with versus just say, hey, he can just stay here for a while.

[Audience Member 2]

Oh, I guess that's a really good question. I think it was just the sense of, hey, you're here. We want to make sure that you understand you still need to pay something. This is. This is not forever. Right? This is a temporary plan, which it is. And I think it was going to be a very temporary plan until we both went through fpu. And all of a sudden, now he's like, oh, no, I got to pay off everything, including the student loans before I buy a house.

[Rachel Cruze]

Yeah, but he can rent somewhere else. Yes, he can. Why can't he?

[Jade Warshaw]

Yeah.

[Rachel Cruze]

Yes, that's what I would say.

[George Kamel]

What are we talking about here? I feel like I'm in the twilight zone. What does this guy do for a living?

[Audience Member 2]

He works for the U.S. postal system.

[Jade Warshaw]

Great.

[George Kamel]

What does he make?

[Audience Member 2]

Not a ton.

[Ken Coleman]

I didn't answer that.

[George Kamel]

What does he make?

[Audience Member 2]

Less than 70,000 a year.

[Jade Warshaw]

Okay,

[George Kamel]

first off, I love that you

[Ken Coleman]

brought him back in. That's okay. I love that you're charging him rent. Your instincts were right. I hate the idea of giving him his money back. He's 31. He needs to get back out there. He can take a couple extra routes.

[George Kamel]

He can do something more. He's a grown freaking man, man. Get out of the house. Yeah, I'm sorry. I just call him boss.

[Jade Warshaw]

That feels like a very, like, mommy thing. Do you know what I mean? Like, that you would do.

[Rachel Cruze]

For that reason, I'm pushing back a little bit.

[Jade Warshaw]

Just your case.

[Rachel Cruze]

Here's my case. If he was expecting it and he was like, listen, I am like, give me my money back. All of this now, the fact that you have debt, all that. But if she was standing there and she was worth $10 million, and she's like, hey, you know what? I'm gonna help you with a down payment on your or. Whatever the situation is. Right.

[Jade Warshaw]

But he needs to get on his feet. Like he needs to get 100% on his feet.

[Rachel Cruze]

100%. So he does need to be set up. But I have heard we've had people call the show and they do this where they're like, we're keeping it in an account. And then when they get married or whatever it is, we're going to.

[Jade Warshaw]

Yes, that I think. I think that's different. The idea of I'm saving up a pot of money for a specific time,

[Rachel Cruze]

the parent is doing it without the child knowing.

[Jade Warshaw]

Right, right. But there's also. I would think that there are certain parameters that I would want in place. Like, okay, this person is 100% percent. And that's what's missing, I think right now.

[Rachel Cruze]

Yes.

[Ken Coleman]

What's missing is this young man who you love needs gumption. He doesn't need a refund.

[George Kamel]

And that's what you're saying. I'm just telling y'.

[Rachel Cruze]

All.

[George Kamel]

Listen, I'm in a greatest mood tonight, by the way. I want everybody to know I'm having the time of my freaking life. But I'm going to tell the truth when somebody asks this. And here's what happens. I'm going to go back to something

[Ken Coleman]

earlier with the sister. We create unrealistic expectations that become unmet expectations.

[George Kamel]

I'm gonna say that again. Cause that was so good. You all need to get that. Okay. When we do stuff like this, I'm not judging you.

[Ken Coleman]

It's a sweetheart of a mama idea. But you asked and Rachel hasn't made her case.

[George Kamel]

I have one more thing we create.

[Ken Coleman]

Okay, I'm gonna say this. You create unrealistic expectations that you do it again. And then when you can't do it again or don't believe you should do it again, you create unmet expectations. And unrealistic expectations always lead to unmet expectations. And on the other side of that is bitterness and resentment. And that's why I'm so strong on that.

[Rachel Cruze]

Okay. I am more. Yeah, we can give Ken a hand. I would say I'm one way more passionate with him getting out of the house. Regardless of if you refund him or not. I don't care if you do or not. That doesn't bother me. Apparently it very much bothers the audience and Jade and Ken. But it does bother me that he's still living there. He has a full time job. He's 31. Even just for him dating.

[Audience Member 2]

Oh, no, no. This is recent. This is a recent development.

[Rachel Cruze]

So how long has he Been living with you so.

[Audience Member 2]

Well, it'll.

[Rachel Cruze]

A year.

[George Kamel]

I heard it.

[Ken Coleman]

Okay.

[Rachel Cruze]

I don't like where the. I tried to help you. I tried to help you.

[Jade Warshaw]

I also want to. How much rent he's been paying? No.

[Audience Member 2]

Well, okay, so it's, it's. He's just renting a room, so it's low rent.

[George Kamel]

You need a number.

[Jade Warshaw]

How low?

[Rachel Cruze]

He just needs to get out of the house.

[George Kamel]

A number.

[Rachel Cruze]

Give the number. Give the number. He needs to get out, though.

[Audience Member 2]

$500. It's just a room.

[Rachel Cruze]

Okay, but if you split a two bedroom.

[Jade Warshaw]

I bet he goes in the kitchen, though.

[Audience Member 2]

No, no, no, no, Jade, off the top. It really doesn't. The financial impact. Impact has been not like negligible. Nothing. Okay. The idea behind the refund was save it up. And then when he's. When he's ready to buy the house, when the market is favorable, he finds what he needs.

[Rachel Cruze]

When he's ready financially, that's fine.

[Audience Member 2]

It goes towards the house.

[Audience Member 5]

Yeah.

[Rachel Cruze]

I wouldn't let him know it. If you decide to do it, I don't care. But I'm more passionate that he needs to get out, he needs to move out. He needs to be a man and. And pay his own rent to a landlord that can ask.

[Audience Member 3]

Right.

[Rachel Cruze]

That's what I'm more passionate about.

[Jade Warshaw]

I'm going to frame it another way. Let's pretend he was still in the other apartment. He never moved back in. Would you be setting aside $500 every single month to put towards his down payment on his house?

[Rachel Cruze]

Oh, great, Jade. Oh,

[Jade Warshaw]

that's how you know. That's the old Dave Ramsey.

[Rachel Cruze]

That's a good.

[Jade Warshaw]

That's what Dave used to do. He'd flip it.

[Ken Coleman]

I'll tell y' all something. If I smoked, I'd have had a cigarette about five minutes ago.

[George Kamel]

I'm gonna tell you right now. You're a sweet mama. I gu. I got something for you.

[Rachel Cruze]

You've been great.

[George Kamel]

I got a fun gift for you.

[Ken Coleman]

You're not going to like this, but I'm going to give it to you. Oh, boy. Hold on.

[Jade Warshaw]

Oh, wait. Ken, what are you doing?

[George Kamel]

Just be quiet. I'm giving you these little. These little baby Nike shoes to remind

[Ken Coleman]

you that he can't wear these anymore.

[George Kamel]

It's time for him to go. Y' all give her some love, okay?

[Ken Coleman]

On point.

[George Kamel]

I'm on fire tonight.

[Jade Warshaw]

On point.

[George Kamel]

Good night, everybody. Good night. Gotta love the baby shoes.

[Rachel Cruze]

This next question is brought to you by why refi. If your private student loans are in default and you're not sure what to do next. Why Refi can help you explore refinancing with a low fixed rate and a payment plan based on what you can actually afford. So go to yrefi.com Ramsey that's the letter y r e f y.com Ramsey may not be available at all. All states.

[George Kamel]

Up next is May. Welcome May to the mic. Hi May. Hi. How are you?

[Ken Coleman]

Good.

[Jade Warshaw]

How are you guys?

[George Kamel]

Good.

[Ken Coleman]

What's your question?

[Rachel Cruze]

If you could go back and ask your 23 year old self, what piece of advice would you say?

[Ken Coleman]

So if we could go back to our 23 year old selves and give one piece of advice.

[Audience Member 3]

Advice or multiple.

[George Kamel]

Or multiple. Okay, who wants to go first?

[Jade Warshaw]

I think I'd have to go back a couple more years for it to work. Like for.

[George Kamel]

I like that.

[Jade Warshaw]

I was already in a lot of debt by 23. I passed.

[Rachel Cruze]

Now or life?

[Audience Member 3]

Both.

[Ken Coleman]

The life advice I would give is understand the tension between patience and persistence. You know, when you're young, 23 and I remember at 23 specifically I happened to be worked for the governor of Virginia and I thought I was going to be the next U.S. senator and then I thought I was going to be president of the United States and I thought it was going to happen in 10 years. You know, just a 23 year old. No clue.

[Rachel Cruze]

Super interesting. I'd vote for you, Ken.

[Ken Coleman]

I appreciate that. Appreciate your vote. I believe this audience would as well.

[George Kamel]

But that's not what.

[Ken Coleman]

And so I was a super ambitious kid and I think what I've learned over the last almost 30 years is that there is a natural tension. And what I mean by that is like we desire and this really helps those of you in the baby steps here. We want to get through the baby steps. We want financial peace, we want to win professionally whatever that dream is and we go after it. And we forget that the magic is the getting up every day and chopping the wood, the persistence showing up. But the magic is when we show up and we know it's going to take some time and very few times can we control the timing. And so to embrace that tension between I'm getting up and I'm hustling, I'm getting after it and I know it's still going to take time and I've

[George Kamel]

got to be patient.

[Ken Coleman]

And a lot of people think that patience is a passive word. It's not passive, it's very active. But it is in the mindset and it is in the spirit to wait on the good things. And one of my favorite scriptures comes from Isaiah. Those who wait on the Lord will mount up on wings like eagles and soar.

[George Kamel]

They shall run and not grow weary. They shall walk and not faint. And here's what's interesting, what Isaiah does

[Ken Coleman]

there really quick is that he shows us different seasons of life and different paces. And then we get some seasons where you're soaring and those of you that are in baby step six and seven, you're soaring.

[George Kamel]

We got a lot of people in

[Ken Coleman]

this room that are just walking and hoping not to faint. Come on. Can I get an amen on that one?

[George Kamel]

And so I think you gotta embrace that.

[Ken Coleman]

So that would be the life advice is to understand. For anybody who wants to accomplish anything in any area of your life, you

[George Kamel]

gotta get up and show up, but

[Ken Coleman]

you gotta also wait on the results. And waiting on God is the most incredible discipline you can develop.

[Rachel Cruze]

I would probably go back to 23 year old Rachel and I would tell her, be confident in who God created you to be. Because there's only one you. He's just created you. And so trust your inner voice, trust your gut, trust who you are, that it's beautiful and wonderful. And that goes into like the, I think all lanes. So I think back for me at this age, I was traveling and starting to speak and all of this. And I remember looking up, I was probably like 26 and I did so much like my love my dad, love him, God bless you, Dave. Wonderful man. But I would teach and talk and speak kind of like he so long. I really tried to emulate him. Cause it was like, okay, I'll just do what he did. Cause it's working and I'll do what he did. And I remember waking up at like 26 and I'm like, I am not a balding 60 year old man. Like I'm young, I have a baby and I'm pregnant and I like to shop and I budget. But like what does this look like, right? What does this money stuff look like for me and the moment I found my voice, it's amazing. It's amazing how you live life and it's not exhausting. You're not trying to perform for everyone else. And that also bleeds into your life when you try to be like everyone else, keeping up with everyone else, what everyone else is doing, what everyone else is buying, what everyone else is looking like, driving houses. They. I mean when you just try to be like everybody else, you're gonna not only be spinning your wheels, you're gonna be discontent and spending money on Things that you really don't value. And so focusing on you, who you are, and who God created you to be. There's only one you.

[Barb]

So be.

[Rachel Cruze]

Yeah, be you.

[Jade Warshaw]

All right, I've been thinking, sitting over here thinking about this for a couple minutes while you guys were saying yours. And, you know, I gotta say, there's like, the practical stuff, like, if I could go back to my 23 year old self, I'd say, you're gonna try to start a business when you're like 26. Bypass the first idea and go straight to the second idea. Because the first idea was a failure, Right? So it's like little things that I could go back and tweak. But I think in all, all of it, when I think about 23 year old me, I'd just gotten married. Sam and I had not discovered our debt just yet. That was gonna come a year later. And I think I would just say, like, go easy on yourself because the next couple of years are gonna be really, really hard and you're gonna be put to the test. But this is a good thing. Like, tests are there to make you strong, and this is a really, really good thing. In the end, you're gonna be complete and mature and lacking nothing, just like it said. So I think I would just tell myself, hey, go easy on yourself. Go with the flow. It's supposed to happen this way.

[Rachel Cruze]

Okay, thank you, guys.

[George Kamel]

Yeah, thank you. All right, so we ready for a little Ask me anything?

[Ken Coleman]

I'm gonna ask one that has nothing to do with me, but this is great. What is your favorite conspiracy theory? One of us up here really buys into these things harder than the rest of the.

[Rachel Cruze]

Oh, man, I have so many.

[Ken Coleman]

You gotta pick a favorite.

[Rachel Cruze]

Probably because it was kind of all in the news. We did not land on the moon in 1969.

[George Kamel]

Wow. Okay, show like a round of applause if you agree with Rachel. Round of applause if you think.

[Ken Coleman]

Well, she spends too much time reading rumors.

[Rachel Cruze]

She's cray cray.

[George Kamel]

Well, very vocal group now.

[Rachel Cruze]

There happened to be a cameraman on the moon who happened to get everybody.

[Barb]

Come on.

[Ken Coleman]

You're telling me for all that fake job that no one at NASA has blown the whistle?

[Rachel Cruze]

There's been two. Yes. That have come out.

[Brad]

I don't know.

[Ken Coleman]

I need more information.

[Rachel Cruze]

Just saying.

[Ken Coleman]

All right, that's good.

[Rachel Cruze]

And we all circled the moon recently. And we're all like, oh, my gosh, nobody thought we'd been there. Walking around in 1969.

[Ken Coleman]

Nobody got a help.

[Jade Warshaw]

That's what I'm saying. Y' all stayed in the ship, you didn't get out.

[Ken Coleman]

I gotta move on. This is killing me.

[George Kamel]

What is the weirdest habit that you

[Ken Coleman]

have that you're willing to admit publicly?

[Jade Warshaw]

I mean, I have a lot of.

[Ken Coleman]

You have weird habits.

[Jade Warshaw]

Weird is a strong word, Ken.

[Ken Coleman]

The word you used one time was peculiar.

[Jade Warshaw]

Yeah, I am very choosy. I'm very thoughtful. Some might say intentional, others might say wise or ocd.

[Rachel Cruze]

Your cleanliness.

[Jade Warshaw]

I'm kind of like Niles from Frasier. Do you guys remember Niles? He would like wipe everything off first.

[Ken Coleman]

Is that your weird habit that you're.

[Jade Warshaw]

I can tell you, a habit that's also a pet peeve that others like. If you use the restroom, you have to close the lid before you flush.

[George Kamel]

You mean like the total lid?

[Ken Coleman]

Not.

[Jade Warshaw]

Yes, it. Close it.

[Ken Coleman]

And so are you thinking projectiles?

[Jade Warshaw]

Yes, that is my number. It's a pet peeve if like people come to my house and I, they're like, hey, can I use your restroom? And like afterwards I'm like looking around the corner, I'm like, they didn't close the lunch lid. What is wrong with these people?

[Ken Coleman]

And I don't know what it's like to be you. That has got to be exhausting.

[Jade Warshaw]

I'm very clean. I like cleanliness.

[Rachel Cruze]

We are eating back there and she's like, I'm going to keep my plate on my lap. Cuz I don't, I don't know how I feel about this.

[Ken Coleman]

One lady is very passionate in her support for you.

[Jade Warshaw]

Listen, inside clothes versus outside clothes. Thank you.

[George Kamel]

My wife's going to be very upset

[Ken Coleman]

that I'm admitting this, but you all are going to enjoy this because I've shared it.

[Jade Warshaw]

Okay?

[Ken Coleman]

Everybody makes fun of me. Me on this weirdest habit that I'll admit publicly. I'm a very neurotic sleeper. So I have lots of supports. I have a full length body pillow that goes from my ankles to my elbows.

[George Kamel]

Pregnant woman, my wife bought it for

[Ken Coleman]

pregnancy, didn't like it.

[George Kamel]

She went out of town one weekend

[Ken Coleman]

and I got in bed and I went. It's kind of interesting.

[George Kamel]

I tried it. I love it. I haven't gone back back. I'm on my third one now.

[Ken Coleman]

It's great.

[George Kamel]

And then I have an eye mask

[Ken Coleman]

because I got to have total pitch black darkness. And then I recently discovered the greatest health phenomenon in the last five years. Mouth tape.

[George Kamel]

So I'm mask, mouth tape, body pillow.

[Ken Coleman]

And I sleep like a baby.

[George Kamel]

Not ashamed of it.

[Rachel Cruze]

Oh, Lord. All right, you're like a mid-40s woman. Woman. Ken.

[Ken Coleman]

Oh, I'm a very well rested man.

[George Kamel]

Okay, one more here maybe. Let's see what's a fun one? You guys.

[Ken Coleman]

You guys are in on this too. What do you see there that you want to answer?

[Rachel Cruze]

What is a completely irrational fear that you have? I have one.

[Ken Coleman]

Go ahead. You go first.

[Jade Warshaw]

You go first.

[Rachel Cruze]

And I think it's going to happen in my lifetime. So I need you all to support me.

[Ken Coleman]

I'm so excited right now.

[Audience Member 1]

I really do.

[Rachel Cruze]

And I've played this out in my head. So sometimes I really do have a fear that I am going to be convicted of murder and that I didn't do it. But you're in the courtroom and you're on the stand and you're like, I did not do it. And they find you guilty. And you like, yes.

[Ken Coleman]

You go to jail.

[Audience Member 5]

Yes, y'.

[Audience Member 1]

All.

[Rachel Cruze]

And I'm just like, I didn't murder them. I promise. So just know I'm innocent. If anything ever happens. I read too many books and watch Dateline. It's all the. It's all my. It's all my.

[Ken Coleman]

If I ever mysteriously disappear, you all look into her first.

[George Kamel]

There's some deep seated stuff.

[Rachel Cruze]

I really am. I just don't want to be convicted for a crime I did not commit.

[Ken Coleman]

I appreciate that. Do you have a irrational fear? I mean, you do.

[Jade Warshaw]

Nothing is coming to mind.

[Ken Coleman]

Germs.

[Jade Warshaw]

Well, no germs. I'm not afraid I'm going to get sick or anything. I just think they're gross.

[Ken Coleman]

So it's like, this is silly. Every time I go in a tunnel, a lot of times in New York, the midtown tunnel, whatever. I always think that the brick bricks are going to break and the water's going to come in. Look at the people shaking their heads. I feel so seen.

[Jade Warshaw]

I always close my eyes. Do you close your eyes the entire time?

[Ken Coleman]

But I am like, let's get through the tunnel.

[Jade Warshaw]

Okay, I. I have a little bit of one. And it's not completely irrational. Like on the highway. I don't drive behind the big tractor trailer trucks that have all the cars loaded on it because I just feel like it's like final destination, like something's about to happen again.

[Ken Coleman]

People are with us tonight.

[George Kamel]

Okay, one more fun one here.

[Ken Coleman]

Let's see. Oh. What is one thing you spend too much money on and you don't regret? Ooh. You all are interesting.

[Jade Warshaw]

I think that's me.

[Ken Coleman]

What is it?

[Jade Warshaw]

So I love house plants. Like indoor plants. I have tons of my house Is like a jungle. In my kitchen alone, I think I have maybe 15 plants. I have a lot. It's beautiful, though. It looks nice. It's not weird at all. I. But there's a plant shop in my city that I like and I can just go in there and just. Well, let's.

[Ken Coleman]

Let's finish this out. What does a really nice plant set you back?

[Jade Warshaw]

The last. It was like a little ponytail plant that I bought and it was like $210. Wow. It's so cute, though.

[Ken Coleman]

It's $210 on a plant I've never heard of.

[Jade Warshaw]

Yeah.

[Ken Coleman]

But it's probably good for the oxygen and very cute.

[Jade Warshaw]

Yeah. It went in my husband's office and I was like, doesn't this make it so much nicer to work? And he was like, yeah, I guess.

[Ken Coleman]

So do you have something like this that you overspent? What. What was the thing they said spend too much money on? That's all relative, I guess. Yeah.

[Rachel Cruze]

I mean, I would say the. It's probably wasteful, but I do it because I like the convenience and I like it Valet parking at the airport.

[Ken Coleman]

I appreciate that as well.

[Rachel Cruze]

I do. I'm like, I don't want to be trucking through. Through a parking garage. I'm going to spend a little bit more and I'm going to.

[Ken Coleman]

Yeah, I do the same thing.

[Rachel Cruze]

That makes me feel better.

[Ken Coleman]

I'm a convenience animal.

[Rachel Cruze]

Give me convenience.

[Ken Coleman]

I need to get in. I say hi to a nice person who's very happy to see me right in the airport.

[Jade Warshaw]

That's a spending love, language, convenience. Yes. Speaking of convenience and self care, the

[Ken Coleman]

thing I like to spend money on with zero guilt spa day with my wife. Thank you.

[George Kamel]

I do.

[Rachel Cruze]

I do facial massage.

[George Kamel]

Oh, no.

[Ken Coleman]

Facial.

[Rachel Cruze]

Yeah. Yeah.

[George Kamel]

I'm a guy.

[Ken Coleman]

I like a great massage.

[Raluca]

Yeah.

[Ken Coleman]

Like the steam, like the sauna.

[Rachel Cruze]

Oh, the amenities.

[Ken Coleman]

I like the mineral pool.

[Audience Member 2]

Wow.

[Ken Coleman]

I like sleeping in the recovery room or whatever they call that when you come out.

[George Kamel]

Yeah.

[Ken Coleman]

What is that called?

[Jade Warshaw]

Quiet Relaxation room.

[Ken Coleman]

Relaxation room. I gotta tell you, I like until Stacy's like, you're snoring.

[Rachel Cruze]

I do love that sipping on your tea.

[Ken Coleman]

Yeah.

[Rachel Cruze]

So good.

[George Kamel]

You guys are very fun. Thank you for the fun ask me anything questions. It's very exciting.

[Ken Coleman]

We never get those questions.

[George Kamel]

All right, Rachel, up next.

[Rachel Cruze]

I think we had actually another question from the audience. They. They're not going to come up to the mic though. But Kelsey, who was in the room, she submitted a question. Should my emergency fund be in a high yield savings account? Audience?

[Raluca]

Yes.

[Rachel Cruze]

And if so, where's one of the best places I can put that money?

[Jade Warshaw]

Oh, you guys already know where we're going with this.

[George Kamel]

Wow.

[Jade Warshaw]

Well, let me tell the why behind the what first, because I think that's important first off. Yeah, for money, you want to keep it someplace liquid that you can easily get to it. So it's not investment tested, but you can get to it. So that's a great place to keep an emergency fund. Obviously it's another place that's separate from your normal checking because I'm the type of person, I need it separated. I don't want to accidentally spend it. So an HYSA allows it to be separate. And also it's insured, right? It's FDIC insured. So that's really great.

[Rachel Cruze]

And yeah, yeah, we all yelled it out. Who do we love? Fair wins like a fourth of the office.

[Jade Warshaw]

Fair winds.

[Rachel Cruze]

No, but for real, Fair Winds Credit Union. You guys, they are amazing. We have started partnering with them and they are, I mean, honestly, they're a credit union, but in the banking institution, they're the only bank that, I mean, really is for you like they are for you getting out of debt. They celebrate your financial journey. They love the Ramsey baby steps and they really do partner beside you and so they're wonderful. So they have the Smart Bundle, which is a no fee checking account, a high yield savings account, like what we were just talking about. You can actually have up to 10, 10 high yield savings accounts. So if you love having different funds for different things, you know, in your account you can see all of it. It's all right there. You can open up up to 10. And then you also get the Ramsey Beware debit card, which we love. It's like a blue debit card and it's wonderful, but you can use it. And Winston and I, we did, we has transferred over to Fairwinds. And I remember the night we signed up because I was like, okay, this is going to be like a pool. But you know, when you switch banks, it's like, it's a big deal. But honestly, we went to go sign in and it was like some documentation here there. I mean, it took me maybe eight minutes. It was so fast. And then we can connect all of the other accounts we've had to it. So you can transfer money so easily. And then I got a customer service call the next day and it wasn't just because it was us. It was like everybody, everybody gets a call from their team. So their team, they are, they are incredible. So if you again need a high yield savings account or you want to switch over your banking to a bank that really does care, make sure to check out Fairwinds Credit Union, go to Fairwinds.org Ramsey and also do want to thank them.

[Ken Coleman]

They are our studio sponsor and by the way, met so many of you earlier tonight. Come to Nashville. It was such a great experience there in Franklin, Tennessee. Fairwinds is our studio sponsor and also huge part of why we can do tonight's show. So we want to thank Fairwinds one more time. Thank them for being such a great partner.

[George Kamel]

All right, now we're ready to get

[Ken Coleman]

back to your questions.

[George Kamel]

Come on down, Bar. There she comes.

[Ken Coleman]

Give her a big hand. Yes.

[George Kamel]

Oh, look at her.

[Ken Coleman (on location)]

She's excited.

[Ken Coleman]

I like it.

[Jade Warshaw]

Hi.

[George Kamel]

Hi, Barb. Where are you from?

[Barb]

Originally California, but I've been in Arizona for 30 years.

[George Kamel]

What's your question?

[Barb]

So I'll start with the question and give you some background. Well, maybe the background would help. I'm way beyond baby steps and I am self made.

[Ken Coleman]

Way to go, Barb. Yeah.

[George Kamel]

That's amazing. Great job.

[Barb]

Thank you. I'm twice widowed, so when you said stand up and are you single? Yeah, I'm single. Just happened last August for the second one. No, it's cool. It's cool because out of sadness comes happiness. You have to pick yourself up and get going. And I had to do that. You know, I was 40 years old when I got my bachelor's degree and I got three masters in my 50s. Completely paid off. So you can do it.

[George Kamel]

Wow. Ladies and gentlemen, Superwoman.

[Ken Coleman]

That's amazing.

[Barb]

So everything works because I've been doing it before I even knew about Dave. So I'm selling a house here. I'm moving to Florida to be with my daughter and her two sons. Single mom, she's had it pretty difficult. And so I'm swapping house houses, but I have another house that I'm selling which will go back into that fund. And I do the things with the bank accounts where I want to switch. Boom, boom. So my question is Michelle's only got about 120 on her house left. She's a struggling single mom. And when I sell my second house, because the first one is for the swap, I'd like to help her pay that off so she can could be debt free. And I'll have the profits from my house. This is in Albatuki foothills, if you're familiar with that. Yeah, I sunk a lot of money into bringing that up so I could sell it. So I'm wondering because I heard you say, yeah, don't do that for your kid. But you know, she's in her 40s, she's been there for a while and I would like to do that for her. But with the caveat that if I pay off her title, I get titled be put on the title just in

[Rachel Cruze]

case you want to be on the title with her.

[Barb]

Because I'm going to give her.

[Ken Coleman]

No, don't put your name on the title. That's her house. That would feel like it has strings attached.

[Barb]

Cuz she knows that once I get this house 20 years it'll be hers. Because I'm 70.

[Ken Coleman]

I think it would be amazing for you to pay off your daughter's house. That to me is a very different situation than earlier. I think that's great.

[George Kamel]

What say you?

[Jade Warshaw]

I agree wholeheartedly. It's a. It's a different situation.

[Rachel Cruze]

Yep, I agree. I think it's beautiful. It's changing your family tree, right? We talk about that a lot and what can you do? And you're not enabling her in any way?

[Barb]

No, cuz I still give her some money to help with the boys band uniforms and this and that. Cuz she. And she doesn't ask unless she really needs it. She say oh mom, I'm having trouble with the boys stuff and I'll. And I go, okay. Because she'll get it anyway when I'm gone. So it's either now or then.

[Jade Warshaw]

I guess I think because you have the money to do it, you're doing so well. And when I think about grandkids, I feel like that's grandparent stuff. Like you're gonna reach in and do things like that. But that would be my reason behind it is you're in the financial position to do it. It doesn't sound like she's been in a situation where you're floating her.

[Barb]

No, I'm never. She's done well in her career. We graduated together for one of my masters. We walked down the aisle together.

[Ken Coleman]

It's amazing.

[Jade Warshaw]

Very cool.

[Audience Member 5]

It was great.

[George Kamel]

So what is her income, do you know? I'm sorry, what is her income?

[Barb]

She's school counselor in Florida. So she doesn't do so hot, right? I don't know the exact number, but teachers, counselors in here.

[Ken Coleman]

Well, the point is she's self sustaining. She's a mom bear taking care of the kiddos. I think you're a great mom. And again we're totally in favor of it. Don't put your name on the title. You don't want it to ever feel like strings are attached. Just. I want to do this for you, baby girl. And do it.

[Rachel Cruze]

Yeah. Make sure gift tax and everything with floor. Like. Yeah. Double check taxes and all of that. Because there's. There is a gift tax. I'm trying to think if it gets put on real estate, but just double check.

[Barb]

That's what I was kind of wondering

[Rachel Cruze]

if I gave her the money, make sure. Yep. And yeah, because it changes every year too, so depending on when you sell your home and all of that. But it could be. Yeah. I would talk to your. To a CPA just to double check that you're in the clear. Thank you. You're a good mom. You're a good mom.

[George Kamel]

You might give Barb some love.

[Ken Coleman]

That was fantastic.

[George Kamel]

Thank you. Great job.

[Ken Coleman]

Appreciate that.

[George Kamel]

All right, up next, please welcome to the mic. Phil. Phil, come on down. All right, Phil, get close to the mic.

[Ken Coleman]

Tell us where you're from.

[Phil]

From east Tennessee.

[Rachel Cruze]

East Tennessee.

[Phil]

Athens. Out by Athens.

[Rachel Cruze]

Oh, my gosh. My mom grew up in Madisonville.

[Phil]

That's where I actually live right now,

[Rachel Cruze]

but shut the front door. Are you serious?

[Audience Member 2]

Yep.

[Rachel Cruze]

You don't meet many people from Madisonville.

[Phil]

I plan to relocate to Arizona.

[Rachel Cruze]

Okay. We like Arizona. It's a good place.

[Ken Coleman]

Are you out? That's why you're out here. You're kicking the tires.

[Phil]

Busy grandma.

[Ken Coleman]

Oh, it's very nice.

[George Kamel]

Everybody, on the count of three.

[Ken Coleman]

One, two, three. Phil, you're amazing.

[George Kamel]

What's your question?

[Phil]

So the question is I'm about two weeks away from being debt free for the second time. I don't want to make the same mistakes. I invest in real estate, flip houses, and I got over leveraged, so I'm almost out again, and I should have some money left over. The market where I live came down about 20, so it's a lot less than I expected. The question is, if it were. If you were in my circumstance, would you buy a house here in Arizona, Maybe cash if the numbers work out with the sale of this house, or would you rent for a while and keep the money to continue to flip houses? Since that's where I've been making my

[Rachel Cruze]

income, I would focus on. On your permanent residence first before the flips. So either that is you co rent for a year in Arizona just to kind of see where you want to be, which I don't think is a bad idea, but you have that money earmarked for buying your personal residence, and then anything above that is what I would put to the flips. But Yeah, I would. I would prioritize my personal residence before the flips.

[Phil]

Okay.

[Rachel Cruze]

Okay.

[Phil]

Caveat with the money. If I wait a year. I know you're a five year rule, which I've heard money market account if you're not going to do anything. If I also have been investing my money in the stock market and make doing pretty well, would you invest or just hold off?

[Rachel Cruze]

Not for one year. I wouldn't because Trump's going to burp next week and it's going to like tank again and then like it's going to do this and it's back up. Y' all know it's back up. Remember when it all went down? When I like, it's crazy. So. No, I would not. No. Too volatile right now.

[Phil]

Okay.

[Rachel Cruze]

If you're in it, stay in it. We're gonna ride it out together.

[Jade Warshaw]

Woo hoo.

[Rachel Cruze]

It's a fun ride, y'. All.

[Ken Coleman]

Give him some love. That's a good question.

[George Kamel]

All right, we got time for one more question. Then we got a really fun way

[Ken Coleman]

to end our night. Please welcome to the mic. Erin. There she is. Hi, Erin.

[Audience Member 7]

Hi.

[George Kamel]

What's your question?

[Audience Member 7]

I'm. I'm a little nervous, but I'm doing great. I'm super excited to be here. I'm a huge fan. Again, I mentioned I was from Canada so I came here all by myself just to see you guys.

[Rachel Cruze]

Canadian.

[Audience Member 7]

And my two boys are at home, but they're huge fans too and they're only 9 and 12. But you're changing their life.

[George Kamel]

Well, what are their names?

[Audience Member 7]

Dylan and Riley.

[George Kamel]

Can we say hi to Dylan and Riley?

[Ken Coleman]

You got an awesome mom. Yeah.

[Audience Member 7]

Okay, so here's my question. So I came here alone, like I mentioned, all the way from Canada to be around like minded people. I listen to the show every day, literally every day. And my biggest struggle is feeling sort of alone at the top. I'm almost finished baby step six, which will be January 9th of 2029. But it feels kind of isolating and lonely. How do I better handle mentally being the different one in friend and family's groups?

[Ken Coleman]

Could you tell us a little bit more about what you were experiencing? Experiencing? Not just maybe thinking that they're saying, is there anything you're experiencing with that group of people?

[Audience Member 7]

Yeah, something definitely comes to mind that happened recently. Before I came, I was telling my mom, you know, I didn't tell a whole lot of people I was coming here even. But you know, I was trying to talk to her about her future and retirement. She's already retired, but I was trying to teach her almost some of the things that I've learned. And. And it's an odd dynamic when it's the daughter trying to teach the mom so I can teach my sons and tell them everything. And we listen to it all the time. But yeah, it's just like she doesn't wanna hear it from maybe a child. So I'm definitely hearing some pushback from her of like, okay, sounds good, but. And I do genuinely want to help her. And she jokes about just, oh, live in your basement. And I'm like, ah, I love her too.

[Jade Warshaw]

But does she ask for the help? Like, does she ask for you to.

[Audience Member 7]

Never. Not once. But I see what could be coming perhaps down the road.

[Jade Warshaw]

Yeah, it's tough because to your point, you're the daughter and she hasn't asked. And so in those points, I do think it's the best way to approach that is it's really cool to talk about you, right. And say the things that you've done or the things that you've learned, and it feels a little less judgmental. And I have a feeling you're already doing that in the right ways, though, because I can just tell by the way you're talking, it doesn't sound like you're walking in there saying, mom, you need to do this and you need to get your budget and you need. Right. And then after you've said all you can say, you just kind of move on. And most people, they see us leading by example, like, they see your life, they see what's going on. And at some point, if she gets to that point, she'll ask, ask, and she'll say, well, what did you do? How did you do it? And you have to be cool with if she never asks. Yeah. You know, yeah.

[Audience Member 7]

Thank you. That's great.

[Audience Member 3]

Yeah.

[Rachel Cruze]

And I think it's hard, too. What you said is so true. When you start to move past your parents from a financial sense, some people feel that spiritually, some people feel that emotionally, you know, like there's. It's weird when you. If you pass your parents and any part of life, that's an odd thing as an adult child to be like, oh, my gosh, I'm doing better than my mom in this situation. And your heart in it is so good that you want her to have control and freedom and set her life up well. But you cannot put a lot of energy, even though it's your parent, you know, your mom or your friends or whoever, you cannot put energy into people that don't want to change on that side subject. So you do kind of have to surrender and just be like, this is what I've chosen to do with my life. They may choose to do it, they may not. And that's up to them. That is not my thing to carry. That's not my burden to carry. But I can see the isolation part of having some fun wins financially, maybe for you, or hitting milestones. You're like, man, I wish I had people to celebrate this with. So I got an idea. I think that loneliness is very real and honest, but also I don't think that that all has to be your identity either. We pair so much of our success or lack of success financially with who we are, even though it's a big part of our story. And it's wonderful and it's great, but it's not you that doesn't. You, your money, your baby steps, they don't define who you are. And so I think concentrating on that end and connecting with people on things that aren't just money, what I mean is great, too. But that lonely part is real. And I think you just have to own that unless you find someone in that community.

[Ken Coleman]

I got an idea. Okay, Aaron, you hang out there for a second.

[Audience Member 6]

Okay?

[Jade Warshaw]

Okay.

[Ken Coleman]

So one of the unbelievable, magical things that Dave discovered years ago, decades ago, was the power of community. And we saw it come alive in Financial Peace University. My wife and I, many, many years ago now, over 20 years ago, led our first class in Atlanta, Georgia, as we were making progress. And the community that we experienced was, like many of you, it was life giving to be in the room with other people that were feeling the things you were feeling, that were thinking the things that you were thinking that were in almost identical scenarios. And that's what made Financial Peace University strong, special. And it's the community. And I'm sitting here listening to Erin, and I'm like, erin came down from Alberta, Canada. Edmonton, Alberta, Canada, just to be in the room. She's on baby step six. Is that right? And she used the word isolation and loneliness. And you all know how hard it is to be lonely or isolated in any season of life, but certainly on something that is so core to your convictions. So I'm gonna do something. Okay. I want to know if. And I'm starting here. I want to know if there's any single. Let me ask you this. I'm making this up as I go.

[Rachel Cruze]

Love it.

[Ken Coleman]

When do you return? When do you go back home?

[Audience Member 7]

I get home, like, early Thursday morning.

[Ken Coleman]

So what time do you fly out is what I'm saying.

[Audience Member 7]

Tomorrow night at 8 o'.

[Ken Coleman]

Clock.

[George Kamel]

Perfect.

[Ken Coleman]

That's what I was hoping you're were going to say. Are there any single women in this room tonight?

[Rachel Cruze]

Or men?

[Ken Coleman]

I wasn't going to go there. But I'm serious. Are there any single women in this room right now that are willing to hang out with Erin tonight or maybe go to Stand up. Stand up single ladies. I want her to feel safe. This is not a dating thing, okay? So here's what I want. I want you ladies, Erin, you look at these ladies. Stand up ladies. Look at after the show tonight. I want you to connect in that corner of the room back there with Katie, okay? And these are your new friends. What's your name?

[Ken Coleman (on location)]

Martina.

[Ken Coleman]

Martina. And what's your name?

[Rachel Cruze]

Mariam.

[George Kamel]

Mariam.

[Ken Coleman]

And your name? That's Aaron. And Aaron, that's your new friend. And so you all are gonna either go out tonight after the show or you're gonna do breakfast tomorrow. Okay? And you're gonna have three new friends. Three new friends who feel you and know you and care about you and

[George Kamel]

they're gonna walk with you even if it's long distance.

[Ken Coleman]

FaceTime and text. Will you agree to do that? Say yes if you do. No pressure if you don't want to.

[George Kamel]

You have an international plan on your

[Ken Coleman]

phone that's very exciting.

[George Kamel]

Are you willing to stay in touch with her?

[Ken Coleman]

Are you willing to stay in touch with her? Because this is what life is about. You need community. And so thank you ladies. You're amazing. And so what I'm gonna do to

[George Kamel]

get us started is we got a little bottle of Prosecco to get the party started. So I'm gonna give that to you, Erin and ladies, thank you all. Would you all give these ladies some awesome love? Can I hug you? You're so awesome, ladies. Thank you. That's really cool. I know I put you on the street spot, but Rachel, Jade, I tell you something, it's not right for her

[Ken Coleman]

to go back to Edmonton, Alberta, feeling like she's isolated.

[Jade Warshaw]

Nah, she's got three new friends now.

[Rachel Cruze]

Community, yes. Being with people, it's a big deal.

[Jade Warshaw]

So important.

[Rachel Cruze]

So important.

[Ken Coleman]

Don't try to run this race alone. It's so stinking hard.

[Rachel Cruze]

Any part of life, marriage, parenting, anything.

[Ken Coleman]

Yeah, it was really special. Ladies. Thank you for that and I appreciate you all doing that. Okay? Speaking of community, so we've been doing this on tour. We do a group debt free scream. And so Jade is going to be my assistant here. So here's what we're going to do. Okay, here's what I want. I want if you have paid, if you've become debt free, okay. In the last 12 months, would you stand up all throughout the room. Stand up. Stay standing, stay standing.

[George Kamel]

In the last 12 months. Yeah, you can clap for them.

[Ken Coleman]

That's cool. Okay.

[George Kamel]

All right, here's what we're gonna do. So Jade's got her calculator out. I'm gonna go around the room.

[Ken Coleman]

James is also keeping a tally, and we're gonna find out how much money you spent. So I'm gonna point at you, you give me the number, and we're gonna add it up to see how much this room has paid off in the last 12 months. And then we're gonna do a group debt free screen. How does that sound?

[George Kamel]

Pretty fun.

[Ken Coleman]

That was kind of weak.

[George Kamel]

So do we have anybody up in the upper deck?

[Ken Coleman]

We do not.

[George Kamel]

Okay, so I'm going to start over

[Ken Coleman]

here, and we'll start right here in this row. The green blue shirt right here. How much? Give me a number.

[George Kamel]

40,000. Okay, sit down. Once I get your number.

[Ken Coleman]

So sit down for just a second so I can keep track.

[George Kamel]

Right next to them in the dark shirt. 80,000.

[Ken Coleman]

Next.

[George Kamel]

80,000. Okay, right here. $601,000.

[Ken Coleman]

And your mortgage, of course.

[George Kamel]

Yeah, I thought so.

[Ken Coleman]

You guys can be seated for just a second. Okay, let's go right back there behind them.

[George Kamel]

60,000.

[Ken Coleman]

Okay.

[George Kamel]

Next to them. 400,000. Okay, 20,000.

[Ken Coleman]

Am I going too fast? Are we good?

[George Kamel]

Okay, 60,000. Hold the applause.

[Ken Coleman]

We're going to do some real big thing. Okay, right, right here, sir.

[George Kamel]

42,000.

[Ken Coleman]

All right, this couple, 60,000 directly behind them. 12,000 directly behind her. 65,000 right behind him.

[George Kamel]

130,000, ma'.

[Rachel Cruze]

Am.

[Ken Coleman]

Right here.

[George Kamel]

How much? 50,000.

[Ken Coleman]

Okay, right here.

[Audience Member 2]

I paid off my third house. 12,000.

[George Kamel]

12,000.

[Ken Coleman]

Way to go. Right here.

[George Kamel]

75.

[Rachel Cruze]

5,000.

[Ken Coleman]

5,000 right back here. I'm so sorry.

[George Kamel]

In the middle. 27,000.

[Ken Coleman]

I'm getting there. Who did I miss? Right here.

[Jade Warshaw]

40,000.

[Raluca]

And the last 500 was just today.

[George Kamel]

Oh, that's fun. 40,000 there. Okay. Is that everybody? In the last 12 months right here. 122,000. We added it.

[Ken Coleman]

That was a nice number.

[George Kamel]

Okay, if you just gave me a number.

[Ken Coleman]

Stand up.

[George Kamel]

If you just gave me your number.

[Ken Coleman]

Stand back up.

[George Kamel]

All right, this is very exciting.

[Ken Coleman]

And what's our number?

[George Kamel]

Drum roll, Everybody. Drum roll.

[Jade Warshaw]

1,981,000.

[Rachel Cruze]

Wow.

[Jade Warshaw]

1.9 million. Almost 2 million.

[George Kamel]

Almost $2 million.

[Jade Warshaw]

That's wild.

[Rachel Cruze]

That's crazy. Okay, can we do. Can we add in more people if you're just debt free in the room? Stand up if you are debt free. Not to be. This past year, just in general, everybody,

[George Kamel]

if you've paid, paid it off, fantastic.

[Ken Coleman]

Okay, you guys know what to do.

[George Kamel]

Do you want to count?

[Ken Coleman]

I feel like you should count it down.

[Rachel Cruze]

No, I think we all count it down. We all count as an audience, right?

[George Kamel]

All right, here we go. What's our number?

[Jade Warshaw]

1,985,000.

[George Kamel]

Plus a whole bunch more from a whole bunch more of debt free people. We're going to do it together. You guys know how to do it.

[Ken Coleman]

Three, two.

[George Kamel]

That is so great. You can be seated. All right, before we let you go tonight, we've done this at every city

[Ken Coleman]

and I want to start with Jade. And I just want you from your heart to share a word of encouragement. What's on your heart and mind for these fine folks tonight.

[Jade Warshaw]

I'll just tell you guys my Life verse Galatians 6, 9. Don't grow weary in doing what is right, or don't grow weary and well doing, because at the right time you'll reap a harvest of blessing if you don't faint, if you don't give up. And I know there's a lot of people in here scrapping and just grinding right now, and it feels thankless and the road feels long. And you wonder if you'll make it. And you wonder if it'll be worth it on the other side when and if you make it. I'm telling you it's worth it. I'm telling you, you will make it to the finish line. I'm telling you to hold on. I'm telling you to just keep doing your best, keep grinding it out. There will come a time where you cross the finish line and there will come a time, and I want you to imagine it tonight. I want you to take the time to just lay in your bed and go think about what it's going to feel like when the debt is gone, when the money is saved, when the mortgage is paid. And just let yourself sit in that for a while. Because the time will come. And when the debt is gone, it's gone. You never think of it again. It's just poof. It's a wonderful feeling. And I promise you, you will get there. I'm proud of you guys.

[Ken Coleman]

You know, I think of the most impactful words I've ever heard Dave say. I mean, I just think it had to be anointed when he first came up with the idea. I've never asked him. I think I need to ask if he thought about it ahead of time or it just came out one day on the air. I actually don't know. But it's this iconic phrase. If you live like no one else, later you can live and give like no one else. Unbelievably profound because of the sheer focus that I think it gives people. And so I'm just going to follow along with Jade here and say that I think those words that you've heard Dave say over and over and over and they're burned into your conscience. Don't let them become ro ritual. I think it really is the key because what Dave figured out is on the other side of the baby steps and all of the tremendous work and the shortcomings and the stalls and the restarts and all the things, he realized that the power of that phrase was the live like no one else at the end of it. And to give because there's just something about the human spirit.

[Audience Member 5]

Spirit.

[Ken Coleman]

We long to give to each other. We long to make our mark in this world. Nobody has to teach us that it's hardwired into our soul by our creator because he gave. And so I would just encourage you to take those iconic words and let them be an anthem no matter where you are. To say, on the end of this deal, I am going to be able to live like no one else. And Rachel said it beautifully tonight in the advice to her 23 year old. I'm looking at some beautiful people here and all of you have a different version of what live like no one else looks like on the back end of that. And I would hold onto that dearly. That's your why and it is powerful. It will pull you through all the stuff you're going through. For those of you that have made it, spread the word, spread the good news of what it's like to live and give like no one else.

[Rachel Cruze]

Yeah, money is such a. It's such a fascinating topic. I feel like it's one of the topics in life that can bring so much guilt and so much shame on one end of the spectrum and then yet on the way other end of the spectrum when it's seen in a healthy way and it's not an idol, it's not the thing that's the end all, be all, but it's a tool in our lives to change our family trees, to bless the people around and do what we have to do. Right. Money's powerful and it's Only really powerful and used for good when it's put in the hands of people who choose to use it well and to be in a room, honestly. And we feel this all over, like, when we go to all these different states and all these different cities, like, it really is incredible, you guys. You know, you can watch the news and hear all the jabber about what's going on, but, like, y' all are it. Like, we're it, right? I mean, there's people like you everywhere who want to. To create solutions for their lives in a subject that's really hard. And you know the secret that it's you that's gonna do it. No one's coming to save you. You've chosen to do something well with your life that's well beyond money. It's a legacy play. It really is for your own family, for the people around you. And so we are just encouraged by you. The hope that we see in rooms like this all over is just. It's just amazing. It really is. And so it's. We are your cheerleaders. We are, yes. On this specific stage in these lights, but you all and the lights out there, like, you're the heroes. You're doing it. And the fact that we get to walk beside you in your journey and hopefully cheer you on is a pleasure. And we love what we do. We love you all, and keep up the hard work.

[George Kamel]

Arizona, you've been so great. On behalf of Dave Ramsey, great. Rachel Cruz, Jay Warshaw, and our entire crew that is here tonight, thank you all for being here. Have a wonderful evening.

[Rachel Cruze]

Thank you, guys.

[Audience Member 5]

Thank you.