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Chapter 1: What should I consider before re-homing my dog to pay off debt?
But I just also got a raise too. So this year my growth would probably be around 90 to 95,000. Amazing. Okay. How much debt do you have? So a lot. So I have $20,000 for my car. Okay. And then I have a credit card with 10-5 on it. And then student loans is $70,000 plus $5,000 of interest. So $75,000. Okay, so you're right at $100,000 of debt, making $95,000, spending $10,000 on the dog per year.
Might be going down because you have a new job.
And how long have you had the dog? They're five and six.
You have two.
Five and six. Okay, but it's like for the dog's sake. They only get to see you half the year, right?
Yes, but they're excited when they see me when I come back.
Sierra, all dogs are excited. I know. Okay, here's what I would do, Sierra. I just wonder if there's anyone in your life who wants a dog as well. And you can like co-parent this dog.
You're out of your mind.
And for like six months out of the year, this dog goes and lives with your friend who's like great with a dog and loves it.
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Chapter 2: How can I start saving for retirement with no savings?
Yes, I think that's it. I think it's just it's the sacrificial question. And is it is that sacrifice worth it getting rid of them to gain an extra 20 grand over two years? And how quickly does that help you become debt free faster? And if that's not worth that sacrifice, you know, I will be in debt six months longer in order to keep the dogs or whatever, you know, it ends up being for you.
And that's great, too. So, no, I can't sit here in good faith and say, yes, you need to sell these dogs.
But I can't say if it was me, I probably would. I wouldn't sell them. They're not for sale. And I like my dogs more than almost every person I know. And so I'm a dog guy, but yeah.
That's a hard one, Sierra. 20,000 bucks.
I would find option C. See if there's a good friend who will take them.
That friend does not exist.
I believe that friend is out there, Sierra. This is The Ramsey Show.
Hey, George Camel here with a not-so-fun fact. Every American social security number, including our children's, has been hacked and is now on the dark web. And this is not a scare tactic. This isn't fear-mongering. It's a reality that could turn into a nightmare for a lot of people. And believe me, I've been a victim of identity theft, and I would prefer it never happen again.
Because once the bad guys have your social, it's the lifeblood for all of their activity. Think of all the places you use your social. Your banking, your employer, government offices, utilities, cell phone companies, everywhere. And once they've got it, thieves can open new accounts, drain existing ones, steal payroll, and wreak havoc all in your name. Not cool.
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Chapter 3: Is marriage necessary for legal protection in relationships?
Hey, guys. Thank you for taking the call. Really appreciate it.
Absolutely. I know you're kind of south of everything going on there, but you guys good?
Yes, we're good. We're very safe.
Is Anaheim south of Santa Monica? right?
Yeah. We're Orange County.
Yeah. Okay.
Sorry.
I used to be a geography teacher. How can we help?
So here's what I'm asking. I'm going to be, I'm 50 years old, basically with three children, you know, all toddlers under the age of 10. And, you know, I'm tired of just the day-to-day rat race. My job, you know, pays for our bills, but I don't ever have anything saved. Um, my wife is a stay at home mother. I'm taking care of the kids and we homeschool. Okay. It's very, very important to us.
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Chapter 4: What are the financial implications of moving out of California?
In Chicago. Hey, Michael.
Hi, guys. Thank you for having me and thank you for taking my question. You got it.
What's up, man?
So my parents asked me for $40,000 to $50,000 for a down payment for a second home.
Oh, God. No, don't do that.
Okay. Can Mike finish his question?
Sorry. Okay, go ahead. So they currently live about 10 hours away from the rest of us siblings, and they don't have the down payment for that home. The reason for them not being able to move and be closer to us is my father is waiting to finish five more years at his job to collect a pension, and they're wanting to have the flexibility to be closer but to have their own place.
I'm 25 years old, just got out of my own debt, and I'm really unsure what to do. Yeah, I would say no.
Why are they coming to you, Michael, and not another sibling?
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