This Is How You Should React To Trump Winning the Election

[Music] brought to you by the every dooll app start budgeting for free today the reality is Jade is all morning and even late last night uh I have been receiving text and communicating with friends uh who are deliriously happy with the results I have also been communicating with friends who are devastatingly sad and I think it's important for this large audience to sit for that with sit with that for just a moment and understand that's okay and that's normal to have those emotions that is what makes a free Society free is the opportunity to express with great Passion also show up and vote and the reality is it matters a great bit and we know that so I was thinking of four words Jade to challenge our audience and encourage our audience if you're side one last night be classy if you were side lost last night be hopeful and if I could take those last two words be hopeful and challenge both sides of the aisle today be hopeful but be careful what you're hopeful in I want you to be hopeful in you and your free will and your ability to achieve why you come to the show and here's what you come to this show for Freedom you come for freedom in your finances so that you can create the life that you want to create that you can spend money on the things you want to spend on you can solve the problems that you must solve problems in your life when they arise you you come to this show because you want to have an opportunity to climb the ladder to make more money to be able to do those things to make the difference in the world through work that you desire to make and you come to the show because relationships are hard and you want healthy relationships because if we don't have a healthy relationship we have nothing and so that's why you're here and that's why we are here is to help you get that freedom Jade so see I want to give it to you that's why I voted for you Ken I I uh add your thoughts because uh you understand this the situation uh as well hey I mean well put well Ken you were created for this moment very well put I think it's a examp it's an opportunity for both sides to just be magnanimous and be a a good winner and a a good loser if that's whatever and begin today to focus on what you can do yes which is what we preach here what can you do to make your life better and to that end uh we want to hit on some of the fundamentals here because we believe that no matter who's in the White House yeah you can control the things that happen in your house and ultimately your life Jade listen truthfully the the blueprint doesn't change regardless of who's in office the good news is that what we teach is kind of based on principle and principles don't change and so the baby steps don't change and so just a reminder especially for those who are maybe new to our show or maybe you just need to brush up because you've been freaking out in your mind a little bit let's just let's bring it back for a second I like this all right so baby step one you still need $1,000 saved if you don't have it get it it's going to make you sleep better at night you're going to be ahead of 56 % of Americans if you get out and get that ,000 saved baby step two let's start focusing on our debt the lowest possible rung of that ladder is just to decide that you're not going to borrow any money anymore and so let's not make the problem worse maybe you don't feel like you're in a situation to start paying it off but at the very least you can say well I'm not going to borrow anymore okay and then once you move past that step start paying it off uh using the debt snowball and then baby step three let's start saving up some savings 3 to 6 months is what we recommend that's a fully funded emergency fund and let me tell you can when you have that then then things start to get good you start to feel a lot better oh that's that margin that by the way that's where that emotion of Freedom Pops in with that emergency fund doesn't it it does because you kind of go no matter what hits I can I feel prepared yeah right and so you have that preparedness and then baby step for it let's start investing you know you start investing for the future this is preparing you for a time when maybe you won't work because that time will hit all of us eventually so we're investing 15% all right hey I got to jump in cuz you're the queen of this what I want you to give a real example maybe get your investment calcul I didn't I didn't prep you for it that's all right come get your calculator cuz I'm I'm going to set a scenario up because I want people to get this when what Jade's talking about is let's say that you're in your early 20s Jade I'm going to give you a scenario so take somebody early 20s yeah maybe they're fresh out of college right now first job first presidential election let's make it real and they're going what does this mean you know what I mean yeah and you go come on just pay attention to the baby steps right now and and they get a they got a good job and let's say that they have no debt or they're thinking okay if I follow what Jade says I'm going to start entering uh I'm going to start putting some money in you create your own scenario of what baby step four really looks like for every American you you take it away okay uh so let's pretend I mean set me up better than that Ken because I don't know exactly where you're going I'm sorry so let's say let's say we've got a 27y okay so I'll put 27 in the calculator all right and let's say that they can put that that they're in baby step four okay or that they see what would it look like in baby step four let's put it that way you're not there but you go okay what if I could put away um let's say 15% on a salary of I'm going to make this up let's say we're to put away two grand a month two grand that's a lot go thousand I told you you're the queen let's a, bucks let's do 500 see this is why I defer to you you're the queen well let let me let me see what I'm going to base it on I'm going to base it on the average salary which is 67,000 like what you're doing and then I'm going to say 15% of that which CU we take it off the gross which is 10,000 and then I'm going to divide that bys and that's going to be $837 so we'll do that there you go and to be fair I I I threw this honor but that's okay you see where we're going I want people to not just hear that I want them to see what you're about to do so the idea is that you've not had anything in retirement up until this point you know and so you say okay I'm going to start doing that and lo and behold you retire with $4.1 million okay there it is that's all I wanted yeah so the dream is the the dream is alive and well all right keep going baby step I'm sorry I interrupted your rhym but I like that I I like that people need to see that the the dream is free the hustle is sold separately you got to do the work all all right baby step five now you're saving for your kids college and you're getting them into education which is good uh baby step six let's pay off that home early Ken wow that's a game changer when that happens yeah and by the way uh we have a really cool stage here at Ramsey Solutions it's the debt-free stage and people come in and they they tell us when they' become debt free and they SC with you know just that intensity and half the time they've also paid off their mortgage as well so true and so this happens every day and then baby step seven is living and giving like no one else this is us prioritizing generosity because it's such a foundation of everything we teach here usually your why lives in baby step seven come on so here's what we want Jay did a masterful job of laying out the fundamentals that lead to Financial Freedom there's more our team has put together a great blog post it's in the show notes and here's what's going to encourage you emotionally it's going to encourage you that no matter how you're feeling about who's going to be in the white house you can take all that stress and worry and put it into steps yeah to actually take control of your life and we are here for you 5 days a week cheering you on go get the blog it's a deeper dive uh from what Jay just did and it's going to really equip you not just encourage you create your free every dooll budget today the simplest way to budget for your life