"Sell 2 Donkeys, Get Married, And Move Out!"

[Music] brought to you by the Every Dollar app start budgeting for free today i currently live with my boyfriend at his parents house we've lived here for about 2 years and we are getting engaged this year and we're wanting out obviously we don't want to be engaged or even married living here we've been doing the snowball effect for a little bit but it's still in the process how old are you i am 23 okay all right um because your sweet little voice you sound like you're 12 i wasn't sure um Okay um Oh thank you that's um the Okay so we don't have debt cuz we aren't married who has debt you or him i have just debt from my car it's about uh for me to completely pay it off it's about 27,000 he has debt from his vehicle and debt from credit card bills from starting his business and are you both working we are yes how much do you make yeah what do you all make i make 30,000 i work at a bank that I'm I'm interviewing to move up so hopefully making more soon and he it fluctuates with him just because he owns a contracting business but it's normally I would say a year like 60 to 70,000 so why are you guys living i mean why aren't you married making $100,000 a year at 23 and pay these debts off we haven't gotten married yet just because everybody around us have told us that we're kind of young so it's a wait what um Okay well you're acting like you're married so what are we waiting on what's the difference in your mind because your actions aren't showing difference yeah because your actions aren't showing everybody around you includes his parents who don't want y'all to get married huh um they've kind of told us to wait a little bit um just his brother got married last year so we were kind of trying to give him his moment and um waiting but he doesn't want to wait any longer and neither do I so I would suggest you all get married this weekend and move out next weekend hey George here in the control booth and I bet you're wondering what they're going to say next get out of debt sell the horse yada yada yada the advice may be predictable but the internet is anything but you see your personal info is out there up for grabs by shady companies ready to add more scam and spam to your life and that's why I use Delete Me delete Me will scrub your data from all of these sites so that you can focus on the Ramsay Show instead of who's buying and selling your info and Ramsay fans get 20% off at joindeleteme.com/ramsey or by using the link in the description below so go take control of your privacy as soon as this call is over i would suggest you all get married this weekend and move out next weekend we actually have an opportunity to move into a cabin on his grandpa's land um when we it is $15,000 that we have calculated to renovate it so we you're broke you don't need to be renovating someone else's cabin why can't you just get an apartment like everybody else you you don't have any money and you're broke actually have we have donkeys so we are not able to move into an apartment because we have donkeys that we have in our backyard why where did those come from and what are you using them for um we actually breed them to sell the um the baby donkeys but we had to get rid of a lot a lot of them because we couldn't afford I can't believe I'm asking this question how many donkeys do you have we only have two right now and what are they worth and what are they worth um the female is probably worth a thousand and the male is probably close to 1,100 perfect okay so I'm going to tell you what I would tell my daughter if she was 23 and she called up and was in this situation i can't imagine that happening but let's say she did okay i would say sell two donkeys get married and move out within the next 3 weeks into an inexpensive apartment you have a $100,000 a year income clean up this mess of debt that you have and then start saving to buy a nice nice property and a piece of ground later and restart your donkey business later if that's your dream I suspect your dream's going to change about the time children start coming yeah 100% yes we uh we don't revolve our major life decisions around donkeys in the backyard that that is a good principle of life Dave yes oh boy oh this is great this is so fabulous meline you're a sweet girl if I But I think you're listening to everybody else except the two of you and I think you and your husband and be need to move out uh and get you an apartment and get married right now and then you need to clean up your debt mess and if the donkeys are keeping you from doing that then we need to get rid of the donkeys um and that's not a metaphor that's an actual fact that's a fact william is in Harrisburg hey William what's up in Pennsylvania ah everything's doing very well thank you i'm glad how can I help mr ramsey first thank you i hooked into you about 15 years ago and you've changed my life oh I didn't change it you did i'm proud of you well well because of your input well thank you sir the um I have about $100,000 that I need to put into my house because of water abatement and mold oo it's been going on a while uh we we've been in the house for 30 years and I've just been putting it off and putting it off yeah that's what I mean it's been going on a while man okay yeah so I have about 800,000 in retirement a mixture of Roth IAS and traditional IAS how old are you i am 67 years old okay retired how many bids have you gotten on the work say again how many bids have you gotten on this work about three or four of them okay so you got a good average you know that 100,000 is an accurate number it's not one guy sticking you correct oh good good for you not your first ride on the cabbage truck okay good okay yep so here's a simple simple answer dude take a hundred of your 800 and fix your house mhm okay not through our home no we're not borrowing money when we have 800 grand in the bank okay and and here's the reason I asked i have a pension and social security that puts me at about 85,000 yeah so if I So if I take a 100,000 out of my retirement I'm going to have to pay 30% tax on much of that yeah yeah that's right still pay the 30% tax absolutely i'm not going in debt not when you're a millionaire and you're a millionaire no no i appreciate it easy enough that's easy man that's a good question well done good question sir and good answer open phones 88255225 another way of asking yourself these questions like William's asking is always reverse engineer it folks that's true and say if I had 700,000 in my retirement account would I go borrow 100,000 to have 800 in no I wouldn't same thing the thing that's throwing him is he doesn't want to pay the tax well why do people feel and you have and if he has traditional he has required minimum distributions coming up at 72 and a half anyway that's right they're right around the corner so he's going to have to begin to pull this money down anyway i think people think when they roll money into their house they won't feel it as debt like it's almost like in their mind it doesn't count as debt yeah take a heloc and do this 100,000 so yeah you're um Williams he he's a saver he is another way of saying it is he's a cheapkate he didn't fix a mold issue that got worse while he's sitting on 800 grand dude go fix your house type one syndrome yeah this is really what you've uh you you've been saving too too harshly here brother yeah that's it's good very very good so Jade do you want to talk about the donkeys i'm I'm still trying to get my emotions around that one yeah I I didn't completely lose it on the air that's pretty good laughing i was close i thought you were going to have to phone a friend and see if George would say to sell the donkey see it's kind of George i forgot it we should have brought in channeled our inner George i know where is now so the the uh the horse people were after George now the donkey people will be after me how do you get into for making fun of the donkeys and saying the donkey yeah i don't even know how you get into how that is your dream in life what set of parents lets the girlfriend move in with their son and bring the donkeys that's over the top it's over the top hun mom I'm bringing a girl home and a couple of donkeys great here's the room upstairs i'm thinking I'm thinking my mom would have said "You're not my child." Oh man we would I wouldn't have survived i'm bringing the donkeys yeah if we could make up these calls that were this good we'd make them up but instead we just take calls from normal people this is the Ramsay Show create your free every dollar budget today