Elijah
Appearances
Cate & Ty Break It Down
Friendship Fallouts & Controversy with Kail Lowry
He's like, I'm moving to Europe.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Hey, so to explain what's been going on is I've been going to work every morning by a meter car that my parents let me use with my sister. Um, I live with my, I live with my parents. I worked at the local post office. Um, and I recently just got, uh, laid off because I wasn't able to keep up with the workflow.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
I just wasn't fast enough. Like I couldn't get the mail out the window fast enough, uh, as I was delivering. Um,
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
I'm just kind of a slow human being. It's I tried my hardest. And they recognized. They were like, hey, we saw that you tried your hardest. We're not firing you. We're just... asking that you please resign because... Well, they fired you.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
I mean, what's really... I'm not very intelligent. And I'm not fast-moved. Like, I just... How do I say this?
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
That's probably what it is. I mean, I've always been slower than my schoolmates. I've had, like... Okay. They'd always tell me, oh, I went and did this on Friday night. And I was like, wait, you were out? I was doing homework, trying to figure out the lesson.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Uh, it's, it's not diagnosed or anything. I mean, I might be able to. go get it checked out at some point, but that's not my main concern right now.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
You're right, yeah. Thank you for that. Calling that out actually made me think about it now. So they said they might be able to hire me or hire me back in a different position that works better. Great. You know, because they loved working with me. They were like, you tried your hardest. We'd love to have you. Love that, by the way. We'd love to have you back. Love that. Yeah. Yeah.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Um, but, um, they knew that that position just wasn't sure for me. So the problem here I'm having now is I'm now that now that I'm unsure about my, uh, position, I do not have a personal vehicle for myself.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Um, I have $8,500 saved up and I have a check. That's probably going to be a thousand dollars coming this Friday. from work. And then I do not know, cause I don't want to buy like a $3,000 car because you can't find a $3,000 car on car gurus or on, uh, any of the more reputable, uh, car sites. And then I go to Facebook and all the $3,000 cars are like, Oh, just needs starter.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Oh, just needs, uh, you know, blank. And it's like, okay, well,
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Yep, that's what I'm trying to do. With the cash you have on hand. I'm trying to give myself a buffer.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
And that's what makes me concerned, is I don't know how the... I'm not sure that the $7,000 cars are good long-term. Hold on a second.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Yeah. So what can you do? Hopefully they'll take me back into training for the new position. And what if they don't? If they don't, that's what I'm concerned about. Okay, but that's where I was at earlier. A big buffer of money so that I can find a proper job.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Something repetitive would probably work.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
Anything you've done in the past? Well, I'm 21, so the only jobs I've done up to this point was I was a librarian at my college, and I was a – I worked at a McDonald's, not a McDonald's, at a Burger King.
The Ramsey Show
Make Decisions Based on Guidelines, Not Headlines
I guess, yeah. Great. The library job was great. particularly easy. Great. It was mostly just sitting there. And it's a slower paced environment. Here's the deal.
The Ramsey Show
Big Dreams Require Big Sacrifices
Excellent. Excellent. All right. So my wife and I are preparing to start a new chapter in our lives. We're going to be taking over her mom's business. It's a children's consignment shop. We're just kind of curious about what are the logistics behind moving the business over to us?
The Ramsey Show
Big Dreams Require Big Sacrifices
Wondering things like should the business be in one of our names, keeping one of us as an employee, is there tax benefits behind that? And also when it does get passed over to us, is there going to be a cost to us like as far as taxes go?
The Ramsey Show
Big Dreams Require Big Sacrifices
Her mom doesn't want to sell it to us. She just wants to give it to us.
The Ramsey Show
Big Dreams Require Big Sacrifices
And we just signed a 10 year lease. So we're going to be there for a little while.
The Ramsey Show
Big Dreams Require Big Sacrifices
Do you mean like like a strip mall sort of thing or like whose name is on what? Got it. So right now it's in my wife's name because we had to update the lease. So my mother-in-law said, all right, we'll put it in her name. So it's now my wife's name.
The Ramsey Show
Big Dreams Require Big Sacrifices
My wife signed a lease contract. That's about it for now.
The Ramsey Show
Big Dreams Require Big Sacrifices
Pretty much, yeah. My mother-in-law wants to retire, and wants to hand it over to my wife and I. And does your wife have any other siblings?
The Ramsey Show
Big Dreams Require Big Sacrifices
I have not. I didn't even know that was a thing, but that's something I will look into. We have no idea where to start with this.
The Ramsey Show
Big Dreams Require Big Sacrifices
Yeah, so last year projected around, it was around $740,000. Wow.
The Ramsey Show
Big Dreams Require Big Sacrifices
I never realized how much it actually brought in until I started asking more questions.
The Ramsey Show
Big Dreams Require Big Sacrifices
Not entirely the net. She said between the two of us, it would probably be around 350, 300.
The Ramsey Show
Big Dreams Require Big Sacrifices
No, she wants to stay home and babysit the grandkids.
The Ramsey Show
Big Dreams Require Big Sacrifices
Phenomenal family. I've married into a phenomenal family.
The Ramsey Show
Big Dreams Require Big Sacrifices
Not at all, no. My wife loves it on multiple levels. That's great. About two years ago, I got hurt on the job. I was an electrician, so I can't do that anymore. So this is kind of my fallback, and it's something I enjoy.