"I Don't Think You're Listening To Me"

Brought to you by the EveryDollar app. Start budgeting for free today. I'm on a day-to-day layoff with my company. They're currently trying to get rid of about 40,000 of their workers, so they're offering severance packages. And where I'm stuck is, do I wait the four to five years for potentially get full-time work, or do I take the severance package and attempt to start an entrepreneurship? Either buying a house outright and collecting that cash flow and starting my own company, or should I invest that into stock markets, dividends, that kind of arbitrary fund? So I'm just looking for some advice on what you guys would do in my shoes and where you would go. Okay. So it's fair to say the company you work for is not financially healthy if they're laying off 40,000 people, right? So the future there is not very bright. Yeah. I've been there for eight years since I was 18, a single father of four, so it's hard to kind of step out onto that limb. Yeah. I don't care. They're pushing you out on the limb because they're not doing well. So four to five years from now is not looking bright. I'm getting about a day or two per week. Are you hearing me? Stop, stop, stop. I don't feel like you're listening to me. Okay. I'm saying your company sucks, so the future there sucks. Do agree with that? I agree. It's hard to pat and give up on that 100,000 a year. Well, I know, but you're going to have to give up on it because they don't want you there anymore, right? Yeah, I hear you. There's a few guys that are getting ready to retire. So you're not laid off, Michael. You're just saying there's layoffs happening, but they're offering you a severance package to leave. That's correct. How much? It's 150,000 after uncle Sam takes his percentage, it'll probably be around a hundred grand. And you make a hundred grand. Um, potentially. Yes. So potentially do you make a hundred grand or not? I'm at 70,000 a year. Okay. You make 70,000 and they're offering you a hundred to go away. Correct. Okay. All right. That's our reality. Okay. Let's deal with reality. And a hundred thousand is not enough to buy real estate realistically. Okay. You're ending up with a bunch of real estate debt. So we're not going to do that with it. So if you leave this company, making $70,000 a year, and you put a hundred thousand in your pocket, what would you go do for a living? Hey guys, George here with an important heads up, mortgage interest rates just dropped. And that is great news. If you've been holding off on house hunting or refinancing, but it also means a lot of other people are about to jump back into the market. And my good friends at Churchill mortgage will give you a custom plan and a special offer. So you can buy or refinance the smart way before the market shifts. So go check it out by going to churchillmortgage.com slash Ramsey offer. That's churchillmortgage.com slash Ramsey offer. This is a paid advertisement NMLS ID 1591 NMLSconsumeraccess.org equal housing lender. What would you go do for a living? As of right now, we've got a family business going. So I'd probably push into that for a little bit. Just kind of weighing my options. Out of necessity of getting an income or because you enjoy the family business and you want to make that a part of your next career step? Yeah, I enjoy it. But as of right now, it is kind of a necessity. What are you doing right now? What's your job? I deliver. So I drive in the commerce. I'm a full-time package driver. Oh, okay. So who's the family business? Your parents? Yeah, I'm co-owner. So my parents, my sister and I are both the owners of the company. Do you make an income from that? I do. Yeah. How much do you make of that? I'm only going and helping them about once a week. So roughly just a couple hundred bucks a week or a month. Oh, just for what you're being paid, not as you're not getting the bottom line or anything. No, we started about a year and a half ago. How old are you, sir? Twenty-six. Okay. Let's pretend that you were 26 and could do anything you wanted to do in this world. And you weren't allowed to do the family business and you weren't allowed to stay in the job you're in. And you could be whoever you wanted to be. What would you go do? That's a fair question, sir. That's what you need to aim at. I had a kid of 18 and all I've known is being a father and providing. All you've known is landing in things by default rather than by plan. Oh, there's a job over there. I can throw packages and I can make 70 a year. Well, you did it for eight years. And I could feed my family. Yeah. But you did not sign up for that because it was the joy of your life. You signed up for that as a provider, as a father, as a husband and a good man and a hardworking guy. But you didn't sign up for that and say, this is the, this is going to give my life meaning. I'm going to make it big. I'm going to go make 700,000 a year doing this. You didn't have a, a, a set out to live a dream. You backed into something because you had to have a job to eat and you're a good man and you're not afraid to work. Okay. So I'm challenging you to take a step up from that. This is your opportunity to reset and land in something that makes 200 grand a year. And maybe you have to take three classes to learn how to do it. I don't know what it is, or you start your own thing with some of that hundred grand, or you take a class with some of that hundred grand, but this is your opportunity to say, not just because something's convenient. I'm not going to do it because it's convenient. Family business is just convenient. It's you backing into something else instead of walking head first into something else. Yeah. Hold on the line, Michael, Christian will pick up and we'll give you Ken's book, find the work you're wired to do. Uh, cause there's a great assessment in there just to kind of get those wheels turning for you. Yeah. You're a good guy. I want you to dream though. And I would not invest or do anything with this hundred grand right now. I would just put it in a high yield savings account. I wouldn't even take the package right now. I'd figure out what I'm going to do first. And then I'd take the package because they're letting him stay and they're going to keep offering the package for a while. So I'm going to, I'm going to take the next six months and do Ken's assessment. I'm going to decide what I'm going to be. And I'm going to start taking steps into that thing that I have always wanted to do X. And now I'm going to go and what must be true for me to do that as Henry cloud says, and we're going to walk right into that and, um, and, and then take the severance package and then use the severance package to go live your dream. But no, I would not work at the family business and no, I would not stay at this company that wants you to leave, but I would for a little while, while I get reset and figure out what my dream is and what it has to happen for me to live that dream. You looking at buying real estate or dividend stock. That's just, you looking at crap on the internet looking for something to do. Well, and to earn some money. I mean, you get, you get, you get your year's worth of salary or more handed in your lap to someone like him. And he's like, holy crap, how could I make this money work for me? Yeah. Which is a fair question, but that's the wrong way to go about it right now until you have a steady income, then you could take that, invest that later. But I would be having a monthly income. This a hundred grand is not going to make your life. You're going to make your life. You're the secret sauce for your life. That's the thing. So hang on, Christian will pick up. We'll get you a copy of that. Finding the work you're wired to do, take that assessment, read that book carefully, read or listen to anything. Ken Coleman says, and he'll get you on the right track doing all this stuff. He's one of the Ramsey personalities for those of you that don't know. And, but specializes in this area of living your dreams and doing this. Okay. Well, here's a question. They haven't let them go yet. So sit there for a little while. But, but what if he's loving it and he starts making more, would you not stay at a company that's laying off 40,000? Regardless? Because there's no future. Yeah. But what if the 40,000 laying off the 40,000 props them up for a little bit longer? It props them up for a little while longer, but I'm not, I'm not hanging around the place that's going down the toilet. Create your free every dollar budget today. The simplest way to budget for your life.