Lane
Appearances
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
I thought I'm open, but that's a great idea.
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
Hey, John. Hey, Jade. How are you guys? We're good. How are you? Pretty good. Pretty good. Can't complain.
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
So basically, I just wanted to, I guess, say thank you to you guys just for teaching what you teach. I guess for some context, my wife and I are 23, my wife is 21.
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
uh we have a 15 month old daughter and uh like three four days ago our house got wiped out by a tornado no shoot man y'all everybody's okay yeah in calgary wait where are you we actually live about an hour hour north of calgary um near gidsbury i don't know if that means anything to you but uh
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
yeah i didn't know they had that kind of weather there is that normal we do now yeah uh so this is the biggest uh tornado in alberta in the last 36 years quite a few farms taken out we're rural so um thankfully there were more people but uh no one was hurt by the way but uh yeah if anyone was in our house they would have been No more. We'll put it that way. Wow.
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
But, like, we have most of our stuff, you know. We don't have a house. We're living with my mom for the time being, and we'll transfer into other things. But I just, you know, when it happened, like, we hightailed it over there. And I guess to put it in a way that makes sense, like, I don't care financially. Oh, wow.
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
We're on baby step four, five, and six. Good, man. We have an emergency fund, and I was way more worried to make this call to talk to you guys than I was about our house being wiped out. Wow. I just wanted to say thank you. It means the world that you guys are teaching stuff. My mother-in-law that actually introduced me to you guys.
The Ramsey Show
The Hardest Decisions Are Often About Money & Relationships
Man, I'm so grateful because I don't know where we'd be otherwise.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Okay. Complicated question. I've been basically living without a budget for my last, you know, whole adult life. And I've had the ability to make it all happen just because I've worked like a crazy man. But the problem that I'm having now is I have four daughters. And
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
they don't want to work like i do you know they want to enjoy their lives they want to have a little balance and they want to know where their money is you know how it can work for them what it can do okay how can i help them okay are you how old are your daughters uh the oldest is 24 and the youngest is 15 okay are they coming to you for financial wisdom
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
They don't come to me for anything other than financial help.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Correct. So how can I trick them and give them a little bit of help? Do I have to watch them fail?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
They're all working, which is very good. Luckily, they have good discipline like that. But the problem is one moved up north, so I had to basically help her move because she didn't have the $4,000 to move. So I basically took a week off of work and helped her move.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
They've all received a car, except the young one. She has not received a car. But unfortunately, I think I kind of spoiled them. I gave them each like a $25,000 to $30,000 car that was paid outright for them. Wow. I think I kind of screwed that up.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
I have tried that. I've tried that technique. It works for one person. But the other one, you know, when I purchased her a car, you know, and three years later, she wants a new car. And I'm going like, well, let's think about this. You know, there's better ways. You know, you're buying a depreciating asset. Why don't you think about saving?
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
house because they've seen me you know purchase houses and they they've seen me you know work to get to that point and i've even told them i was like principal reduction is your friend you know compound interest is your enemy you know it's like try not to have the credit cards but yet i'm the one that rings 10 000 a month on credit cards even though i pay them
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
It's like I'm not listening to what you guys are saying either.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Just one. You know, they've all moved out on their own. Okay. I mean, that's all I could hope.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
Three were local, but now one moved up to Maryland. And plus, I don't think that they respect what I did. They just thought that that was my job and I was supposed to do it.
The Ramsey Show
Focused People Build Wealth—Distracted People Stay Broke
OK. And because I've never budgeted myself because I get paid. So it's a very odd thing. I work as a, you know, electrical electrical contractor. I get paid maybe five times a year. But, you know, they're big jobs. So I never know when the money's coming in.