Lynn
Appearances
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
Hi, guys. I do need your help.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
Yeah, I'm hoping to get a dispute settled.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
He's not. He's not. I wish he were.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
Okay. All right. Well, the question is, I want to know if I'm a Ramsey Solutions hypocrite.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
All right. This is a second marriage for both of us. We were just married this past December.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
I'm age 58. Okay. He's age 54. We have a total of four adult children, two on each side. Okay. And I think a key thing for me was I was a single mom for 17 years. So my kids were two and three when I was divorced. And I paid maintenance and I paid child support. I carried the health care and I paid for all the incidental for my kids. I found Ramsey Solutions after a layoff. me to death.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
So the stress left me, you know, in not a great place. And I, I dug into the Ramsey plan. I bought in, I listened, I did a financial peace university and I started with a net worth of 170,000. Um, my life insurance was more than my net worth. So coming into the marriage, um, I was baby step seven with a net worth of 1.9 million. Hey, way to go Lynn.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
It was a lot of small vacations at the local park.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
Thank you. It was hard work, but it was worth it because now here I am. Right. So baby step seven. And now my husband, he came to the marriage with a net worth of $150,000. Oh, okay. Yeah. And he was one of those guys who never found that he didn't like. He had car loans. He had a boat loan. He had credit cards. He kind of had everything.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
And obviously, since we're married, we financially got into the same place. So I introduced him to Ramsey Solutions, gave him Financial Peace University. We went through that. And he's, he's come aboard. So we've eliminated the credit card debt, the car loan, um, got rid of everything. Um, I wanted going into the marriage, I wanted a prenup and this is where the dispute came.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
And I wanted the, the prenup to state that if we divorced, I wanted to the 625,000 that I was putting into paying off our residents accounted for. Now, that was if we divorced. I also asked for a death clause that states that should I die, he gets the house in the entirety. And there's no splitting it with my estate or anything like that value. There would be his, um, so it's just a divorce.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
If there was a divorce, I wanted that accounted for. And then anything above and beyond that would be split equitably. Um, and it, and it's our intent that our retirement account would remain separate. So the principle of our retirement accounts would remain separate.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
If we draw anything out to pay for things for us, that's all commingled and everything that all my, all the other cash, everything would be split.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
all of those things. He's like, absolutely. This is ridiculous. I can't believe that you're going to have, you're going to be asking for a prenup once we're married, we're married and everything should be equal. I'm like, well, it is equal.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
I'm just saying if we get divorced because I've been divorced before and I'm now 58, if I split half, which Wisconsin is a 50 50 state, I don't, I don't have time to recoup that again.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
No, we have the document now. We have it now.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
Yep, we got it drawn up. We got to a place where those were the things we agreed on. I was trying to explain like, hey, we're sharing all bank accounts. We're sharing everything. No, no, I get all that. I get all that.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
It's signed. The prenup was signed before our wedding.
The Ramsey Show
You Have to Know Where You Are Financially to Know Where You're Going
No, no, I'm still a hypocrite. Oh, were those his words? I'm not truly into the Ramsey solutions.