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How can I manage my finances better if I have a high income?
Live from the headquarters of Ramsey Solutions, it's The Ramsey Show, where we help people build wealth, do work that they love, and create actual, amazing relationships. I'm Dave Ramsey, your host, Dr. John Deloney, Ph.D. in Counseling, host of The Dr. John Deloney Show, number one best-selling author. He's my co-host today. Jackson's with us in Vancouver. Hi, Jackson. Welcome to The Ramsey Show.
Hi there. Thanks for having me on today.
Sure, man. What's up?
Well, you know, I'm a big fan of your guys' show, so I thought I'd give you a phone call. I've been making some pretty good money working up here. I work as a heavy-duty mechanic, and last year I made just shy of $200,000 a year. And I'm debt-free, but I don't have any sort of a financial plan.
And I feel like I make too much money to not have some sort of a plan, and I don't want to feel like a fool who squanders a fortune.
Good for you. Very wise. How old are you?
I'm 25 years old.
Some of the guys you work with have never even had the thought that you've had. They spend their whole life working their butts off, and thank God it's Friday, oh God, it's Monday, and got nothing to show for it. So you're very wise. You got a huge head start at 25. Congratulations. Just asking the question puts you in the top 5%, dude.
Yeah, that's kind of why I'm trying to ask the question, because I set a pretty high standard for myself.
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