Short-Term Pain, Long-Term Peace

The Ramsey Show

Dave Ramsey and co-host Jade Warshaw address listener questions on financial distress, including a couple facing overwhelming debt from an S

Key takeaways

• Selling assets like vehicles and equipment can eliminate debt without resorting to bankruptcy.
• Chapter 7 bankruptcy in Texas does not allow individuals to keep significant assets; they are sold to pay creditors.

Main topics

• Dealing with SBA loan debt
• Alternatives to bankruptcy

Notable quotes

"When you are calling about bankruptcy, you don't get to say, I have a side hustle with a $50,000 car."

Conclusion

The episode concludes with a strong reminder that financial peace begins with disciplined

Transcript preview

Speaker 2 (0:04) Brought to you by the EveryDollar app. Start budgeting for free today. Normal is broke and common sense is weird. So we're here to help you transform your life. From the Ramsey Network and the Fairwinds Credit Union Studio, this is The Ramsey Show. I'm Dave Ramsey. Jade Walsh, Ramsey personality, number one best-selling author, is my co-host today. Daisy is in Austin, Texas. Hi, Daisy. How are you? Speaker 1 (0:37) Good, good. Good. Speaker 2 (0:39) What's up? Speaker 1 (0:40) So, kind of nervous. So, I'm just calling. I'm going to just read out the question that I have right here. So, my husband and I are overwhelmed financially. We have a mortgage, vehicle payment, credit card debt, and the biggest part is the large SBA loan. They send it to Treasury. We're considering bankruptcy and have also talked to some attorneys. They suggested bankruptcy due Chapter 7. But we just wanted to see what is our best option, what is our best choice we could do first. Speaker 6 (1:14) Well, asking a bankruptcy attorney if you're bankrupt is like asking a dog if it's hungry. A hundred percent of the time, the answer is yes. Okay, so we'll start with that presupposition. And so you have a business that failed? Speaker 1 (1:32) Yes. So the business is under my name. And then we like switch it to my husband's. And after that, like it's just not going right with the business. So it's really hard for us to pay it off. What did you borrow? Has Speaker 6 (1:51) it been closed? Is it closed? Speaker 1 (1:53) The business that was under my name gets disclosed. That's what the Speaker 6 (1:58) SBA loan was for? Speaker 1 (1:59) Yes, that's for the SBA loan, correct. And Speaker 6 (2:01) how much do you owe on the SBA loan? Speaker 1 (2:04) $178,000. And Speaker 6 (2:06) do they have a lien on your home, I assume? Speaker 1 (2:09) No, no, because I don't know. The attorney that I talked to, they said that it's pretty much considered kind of like a personal loan because I was not an LLC or corporation. Oh. Speaker 6 (2:22) Yeah, but they usually take a second mortgage position on your house. You sure they don't have a lien on your home? Speaker 1 (2:27) No, because at that time we did not Speaker 4 (2:29) have a home we were renting. Speaker 6 (2:32) Okay. And Speaker 4 (2:33) you were able to get a mortgage after the fact. How much do you have to pay every month on this SBA Speaker 1 (2:37) loan? We were paying $584 each month for 30 years. But like Kai said, we weren't able to pay it off. So we stopped, and it's in Treasury now. Speaker 6 (2:49) Yeah. What kind of business was this? Speaker 1 (2:53) It's like calling Stan Gravel and Anthem Truck. We have two right now that are... Right now working, but like I said, the money fluctuates. Sometimes there's work, sometimes there's not. You said Speaker 6 (3:07) you had a dump truck and what? Speaker 1 (3:09) Yeah, it's an end dump truck. So it's like 18 wheelers. Okay. Where Speaker 6 (3:15) is it? Speaker 1 (3:16) You said it's still in operation? Yes, my husband's the one that's doing it now, the operation. And Speaker 6 (3:23) so what is owed against that other than the SBA loan? Nothing? Speaker 1 (3:27) No, no, because we paid them off. We paid off the... So Speaker 6 (3:31) what's the 18-wheeler rig worth? Right Speaker 1 (3:36) here. Speaker 1 (3:39) Okay. So there's a Peterbilt. It said, I looked it up and it said like 30 grand it was worth. And then we have a Fredliner. It says it's 20 grand, but that one is not working. Speaker 5 (3:52) And Speaker 1 (3:52) then we have a, let's Speaker 4 (3:56) see. What's wrong with the one that's not working? How much would it take to repair it and sell it off maybe? Maybe like 10 grand or more. Speaker 6 (4:04) To repair it. And what other equipment have you got other than those two tractors? Speaker 1 (4:10) We also have, well, the other ones are like just under his name. They're not under mine, but we have also a Fredliner and that one, we got it for $550, but I guess the book says something else. I don't remember how much my husband said. What does the book say you can get for it? Speaker 1 (4:32) I don't know. It didn't, like he told me, but it just didn't stick in my head. I was just thinking about the amount. I mean, Speaker 6 (4:37) did you say $550,000? What? Speaker 1 (4:40) Yeah, because it was broken down, so he fixed it. My husband's very manual. Oh, sorry, Speaker 6 (4:47) $550,000? Speaker 1 (4:49) No, $5,500. Oh, got it. $5,000. If your husband is good at Speaker 4 (4:55) fixing, can he repair the one that needed the $10,000 repair? Can he do that with his hands? No. Because you'll have to Speaker 1 (5:02) get like, I don't know if it's an engine or I don't know, none of that stuff. But it'll be like $7,000. What else do you own? We also own a 2018 Arma Lite. And that's the end up that's worth $31,000. And then we have another trailer that is worth like $60,000. That's how much we got it for. Speaker 4 (5:22) Okay. Speaker 1 (5:23) So Speaker 4 (5:23) there's a lot of equity here that if you sold these things off. Speaker 6 (5:28) And got a job. You'd clear out this SBA Speaker 1 (5:30) loan. Yeah, but I've been trying to do the math and stuff, and we also have credit card debt. How much credit card Speaker 6 (5:39) debt do you have? Speaker 1 (5:40) My husband has $12,000. I have $6,000. Speaker 6 (5:43) Okay. Speaker 4 (5:45) That's not very scary. The credit card debt is not scary. How Speaker 6 (5:48) much do you owe Speaker 4 (5:48) on Speaker 6 (5:48) your car? Speaker 1 (5:50) Okay, so there's one car. It's a $50,000, and that one, he needs it for the semi-trucks to haul everything. And he also has another side gig that is doing landscaping, so he needs that one. And then we have, I have it right here. What kind of truck is it? Speaker 4 (6:07) Is it just like an F-150? Speaker 6 (6:09) Okay, so Daisy, let me stop you. Speaker 6 (6:14) I've been where you guys are, and I know how scary it is, okay? But when you are calling about bankruptcy, you don't get to say, I have a side hustle with a $50,000 car. Speaker 1 (6:28) Mm-hmm. Speaker 6 (6:30) You sell the stupid car and you get a job. So what I would do if I woke up in your shoes is I would sell everything you own. And then you're not bankrupt. And get a job. He's got a CDL. Get a job driving a tractor trailer. And you get a job. Have you got a job? Speaker 1 (6:49) Yes, I also work and I have two jobs. Okay, what do you make? I'm a paraprofessional, and I make $26,000 a year, and then I work in another job, and that's maybe like $3,000 to $5,000 on the side because I do sometimes weekends, and then the summertime I work more too. Speaker 6 (7:08) All right. And so if he's driving a truck and you're doing those things, whatever the sale of all of these items doesn't cover, you can work your way out of. And so I got $50,000, I got $80,000. I got one. I got 90. I got one. I got 150 worth of crap to sell. 150 worth of crap to sell and sell the stupid car he's got. You guys just justify buying anything you want to buy on payments and call it I'm in debt, but I can't sell it because I'm in business. No, your business is broke. Speaker 1 (7:38) You went broke. Speaker 6 (7:39) You lost everything. And so you get the opportunity to start fresh with nothing by selling everything. So when Treasury calls and you owe $178, if you offer them $150 as settlement in full because I've got that in the bank because I've sold off all this crap, they'll take it. Speaker 1 (7:58) And you Speaker 6 (7:59) won't be bankrupt anymore. You're not bankrupt. You're just trying to hold on to everything. Speaker 1 (8:04) Yeah, that's... For me, like I have told my husband, I don't care. I could sell everything. Listen, Speaker 6 (8:11) honey, they're going to take everything from him. If he doesn't sell it and give it to them. That's how this works. Including bankruptcy. When you file Chapter 7 bankruptcy in Texas, you don't get to keep $180,000 Speaker 2 (8:25) worth of stuff. That's not how this works. And I'm going to blow off all the debt and keep all this tractor trailers. No, they're going to sell all that at a bankruptcy auction and apply it towards your debt. So you might as well do it Speaker 6 (8:39) and not file bankruptcy. Speaker 2 (9:01) Most people spend years changing their money habits, but never think twice about how their bank probably works against their values with nuisance fees and endless debt products. If you're being weird by sticking to the baby steps, you deserve a bank that helps with that. That's why Ramsey partnered with Fairwinds Credit Union. They built the smart bundle specifically for Ramsey listeners, not for everybody else. And it includes up to 10 high-yield savings accounts so you can set up different funds for different needs and goals. And now they've introduced the Live Like No One Else debit card, the original. Debt is Normal, Be Weird Debit Card is still available too. And every time you reach into your wallet, your card is a daily reminder that you follow. a different path. Listen, if you're living like no one else, your bank should back you up. Check out the Fairwinds smart bundle, including the all-new Live Like No One Else debit card at fairwinds.org slash Ramsey. That's fairwinds.org slash Ramsey. Insured by the NCUA. Katie's in Savannah. Hi, Katie. How are you? Speaker 6 (10:32) Hi, Speaker 5 (10:34) I'm good. How are you? Speaker 6 (10:34) Better than I deserve. What's up? Speaker 5 (10:38) So at the same time as my husband and I decided to take our financial health seriously, I also decided it was time to get physically healthy. And I have lost over 50 pounds. Way to go, Speaker 2 (10:49) Katie! Good Speaker 4 (10:51) for you. Speaker 2 (10:52) Thank you. Discipline begets discipline. When you do a budget, you can also count calories, huh? Speaker 5 (10:59) The thing is, when I was budgeting, I forgot to save up for clothes because I forgot that my body was going to change. Yeah. Thank Speaker 2 (11:07) God. Speaker 5 (11:07) And all of a sudden, I tried to get dressed, and my pants fell off. And I can't wear any of my clothes in public while being appropriate. We are paying a large amount of money toward our debt every month. Good. Realistically. So what kind of a budget do you Speaker 6 (11:27) need to Speaker 2 (11:27) buy skinny clothes? Speaker 5 (11:28) Yeah. I feel like it's reasonable to spend like $350. I mean, but the only thing I can wear is my socks. Speaker 6 (11:37) Wait Speaker 5 (11:37) a Speaker 6 (11:37) minute, $350 one time? Speaker 5 (11:44) Probably just to get me through until we're done with the baby step we're on. Speaker 4 (11:48) I think that's very reasonable, Katie, that you can replace a whole wardrobe with $350. I think you're being real frugal. I think that's excellent. I am very Speaker 5 (11:58) cheap. I do not buy anything brand Speaker 4 (12:00) new. But here's Speaker 5 (12:01) the Speaker 4 (12:01) thing. Part of the celebration, just like when you pay off your debt, you get to celebrate by doing some of the things you want. Part of the celebration of losing weight is buying the new clothes. So you should do that. And I think $350 is a... is just right. Yeah. Speaker 6 (12:14) How much is your household income? Speaker 4 (12:16) In Speaker 5 (12:18) the mid-100s, probably about like $145. Speaker 4 (12:21) How much debt to go? Speaker 5 (12:25) About $15 left. Speaker 4 (12:27) Oh, wow. You're almost there. And we will have it done in less Speaker 5 (12:29) than six months. Speaker 4 (12:30) Wow. And then after that, you can spend another $350 and get the rest of your wardrobe. We'll see. I'm Speaker 5 (12:36) real Speaker 4 (12:36) cheap. I'm probably not going to do it again. Speaker 5 (12:38) I Speaker 6 (12:39) want you to spend more than that later. Do you have more weight to lose as well? Speaker 5 (12:44) I have about 10 pounds left and then I'll be at a healthy BMI. So I won't lose more sizes. Speaker 6 (12:50) Perfect. But my Speaker 5 (12:51) long-term goal was to be and maintain a healthy BMI. I Speaker 6 (12:55) like it. I'm proud Speaker 4 (12:55) of you. That's excellent. That's Speaker 6 (12:57) amazing. Speaker 4 (12:57) I'll tell you what, the people who really benefit the most from the baby steps are people like you, Katie, who understand that it's a way of thinking that benefits you beyond your finances. It's how you can approach everything in life. And so I am not worried about you. You've got it. Speaker 6 (13:13) Yeah, you're going to be great. So I want you to spend $350 now, and I want you to spend another $350 the day after you pay off your last debt. And then I want you to budget another $350 when you finish the emergency fund. Yes. Because you've got another 10 pounds and you're going to need some more clothes. This Speaker 4 (13:31) is fun, Dave. I like it. I like this. I know. This is great. I'm not spending money on myself. Hey, Katie. Hey, Katie. You have Speaker 2 (13:39) saved your family in extra medical bills and insurance costs. Because your cost for your life insurance is going to go down. Your cost for everything is going to go down. You have saved your family tens of thousands of dollars into the future. Buy yourself some clothes. Thank Speaker 5 (13:59) you. Speaker 2 (14:00) That's a payback. Okay. It's Speaker 5 (14:02) a Speaker 2 (14:02) good ROI. It's a perfect thing. Yes. And I got to tell y'all, what you said is absolutely true, Jade. The idea that discipline begets discipline, that when we suddenly become powerful, Speaker 4 (14:16) empowered Speaker 2 (14:16) in one area of our lives, we say, I'm taking control of this area. Then you go, wait a minute. And I can take control of that area. And by the way, you children that are acting up, beware, because I'm going to take control of that area. Whatever it is that's acting up and chaotic, we're about to take control of it. Oh, yeah. Speaker 4 (14:36) Matter of fact, Christian, will you send her a copy of What No One Tells You About Money? I talk about this a lot in that book because that's what happened with Sam and I. You start with your money, then you start working on your marriage, then you start working on your personal relationship with Jesus, then you start working on your health, then you start working on your career. I mean, if you let it... It'll just unravel a whole thread in your life in a major, powerful way. Yep. Speaker 6 (14:58) You know, I really can't probably legally, legally is not the right word. I can't in good, I ethically tell people that when you get on a get out of Speaker 2 (15:10) debt plan that you're going to lose weight. But an amazing number of people do. Not because they're starving themselves. But because they learn that they can control themselves. It's very Speaker 4 (15:19) intertwined. The methodology is so similar. It's all about, you know, that short-term sacrifice, long-term gain, delayed gratification, you know, all of those things. Once you activate that part in your mind that's like, oh, I can do that, then yeah, you can do it. Speaker 6 (15:35) One definition of emotional maturity is the Speaker 2 (15:37) ability to delay pleasure for a greater good. Speaker 6 (15:39) Ding, ding. There Speaker 2 (15:41) it is. All right, here we go. Denise is in Winston-Salem. Hi, Denise. What's up? Speaker 3 (15:48) Either it's going to be a public service announcement or I'm going to get some advice. I started a side hustle about three years ago. Dave, I'm pretty sure that the seed was planted by something that you said about just looking around to see what you have available that you could turn to make money. And I have been, my husband and I have been. tremendously blessed by the property that we bought about four years ago and it had a swimming pool in the back. My kids don't live nearby and I was just the only one out there and I thought, well, I've got this great asset. I should rent this out. So I did. And there is an app, there is a business that runs an app that provides the platform. It was very easy to do, to set up. I started making money and making people happy. Speaker 6 (16:45) Renting Speaker 4 (16:46) your pool out? You can literally rent your pool through an app. So on a hot summer day, if somebody is looking for a pool, but they want a private pool, they can use your pool. Speaker 6 (16:55) How much liability insurance do you have? Speaker 4 (16:58) Probably Speaker 3 (16:59) a lot. Speaker 3 (17:01) That was what I was blissfully ignorant of for about three years. So they provided a million-dollar liability insurance. Speaker 2 (17:13) Who's they? Speaker 4 (17:15) The platform? The app does. The platform. Speaker 6 (17:18) Oh, wow. Okay. So a million dollars of liability. So a kid is back there and gets hurt in the pool, and you get sued for a million dollars. Speaker 3 (17:26) My property, yeah. You get Speaker 6 (17:28) sued for a million dollars, then this app is going to pay out a million dollars. Speaker 4 (17:33) Well, yeah. Speaker 6 (17:34) Okay. Speaker 4 (17:36) So what happened? Speaker 3 (17:39) Facebook is what happened in the group, and I saw where somebody had mentioned that they only pay after your homeowner's insurance. Speaker 3 (17:49) And I thought, oh, I didn't know that. So all this time I've been liable because I thought, well, they'll just cancel me if I have a claim. Because also in my homeowner's insurance, it says that I do not run a business out of my home. That's Speaker 5 (18:05) true. Speaker 3 (18:06) And now you do. I don't, but for like three months out of the year. So I justified it that I really didn't that much. But then I thought, you know, my husband and I were like, this is too risky. This is really dumb. This is not worth it. Speaker 4 (18:21) I would say so. Speaker 3 (18:23) Yeah. I Speaker 4 (18:24) think you learned a good lesson. The Speaker 6 (18:26) only way you could continue to do it is if you could just buy your own stand-alone liability insurance policy that paid from day one, from dollar one, and buy that from your local insurance broker, and it would not be attached to your homeowners. Speaker 3 (18:42) Like a separate business policy. Speaker 6 (18:44) Exactly. Exactly. And if that's not so expensive, and I don't know if it is or not. Speaker 3 (18:50) It is. Listen, I called Xander. Don't worry. I called Xander and talked to them. And what did they say? Yeah. No, nobody's doing that. Not for a pool. Speaker 4 (19:00) Do you not? You probably don't make enough on it. Speaker 5 (19:03) Yeah. It's like four times more Speaker 3 (19:05) than what your homeowners would be. Speaker 6 (19:07) Yeah. And it's more than you're making back on the app. Speaker 3 (19:09) Exactly. Yeah. Speaker 6 (19:12) Yeah, that first thing that popped into my head was somebody's going to sue your butt. As soon as you told me this, that's the first thing that put right into my head. It scared me. It scared me. Dave, Speaker 3 (19:19) here's the thing. Up until this realization, I was so just feeling proud of myself because I was supplying this. Everybody, they're just family. It wasn't like they're wild parties. Like, I do see some of that going on through this. Speaker 4 (19:35) That's true, but you never know what's going to happen, Denise. And I think that you caught this early. You Speaker 6 (19:39) dodged a bullet. You dodged a bullet. Yeah, I'm not renting my pool. Even Speaker 4 (19:44) with Airbnb, you have to be careful. I'm going to Speaker 2 (19:47) rent someone my parachute. No, no, I don't think so. Scares me to death. Speaker 2 (20:17) As your business grows, everything becomes more complex. There was a time when Ramsey Solutions had too many disconnected systems and not enough visibility across the business. We wasted too much time chasing information instead of making decisions. That's why we got NetSuite. NetSuite brings your financials, inventory, CRM, and more. Together in one place. More than 44,000 businesses run on NetSuite, including Ramsey. And now they're taking the next step with NetSuite Next, making it easier to put AI to work across your entire business. NetSuite Next helps you make the most of your time, automating routine work like forecasting demand and following up on overdue accounts. With NetSuite Next, AI is built into everything you do. So you can ask... Speaker 2 (21:26) So, Jade, we're going on a cruise. Woo-hoo! Oh, man, this is so fun. The Live Like No One Else Cruise is March 14th through the 21st for seven nights in the Western Caribbean. Now, let me tell you who should go. People that are on Baby Step 4 and beyond. If you're in debt. Speaker 2 (22:09) And you're trying to in baby step two, not your house, but if you're in debt on baby step two, you don't need to be going on vacation. And if you haven't got your emergency fund, you don't need to be going on vacation. But we teach people to live like no one else so that you can later live and give like no one else. And so this is the so that crew. That's right. This is you reward yourself. And I know you've been holding your breath when you were getting out of debt, but now it's time, if you're at Baby Step 4 and beyond, to let loose and enjoy some of this money. We tell you to do that. We tell you to enjoy your money and move from intense to intentional. at Baby Steps 4 and beyond, meaning that all your debts except your home are paid off and you have your emergency fund. That puts you at Baby Step 4. Now you're investing. Now you're enjoying. You're going on cruises with Jade and Rachel Cruz and George Camel and even Dr. John Deloney and Dave and Sharon Ramsey. We're all there. We'll be hanging out with you on the cruise. We're going to do presentations. There won't be any dancing unless George does it on the side. Speaker 2 (23:21) stages, but we will be in there with great information. We're going to go through some detailed things to do as you're becoming wealthy. Really get into wealth planning on this. The world's largest debt-free scream will be there. And we're going to do live tapings of Smart Money Happy Hour, of some of the other podcasts as well. It is going to be fun. I'm Speaker 4 (23:47) excited. I'm Speaker 2 (23:48) pumped. And there's just a handful of there's some that there is some good staterooms left. And there's some that aren't so good left. Well, there's always the ones, you know, Speaker 4 (23:59) the Speaker 2 (23:59) ones, the ones you don't want. But hey, you can still get a good place to sleep and hang out with us and come on this cruise, guys. Celebrate. So fun. Celebrate. Some of you have been waiting to hear Dave Ramsey say, go enjoy your money. This is your. This is it. This is I'm giving you permission. I'm giving you a directive. Come with us to Grand Cayman in Cozumel in Jamaica in the Bahamas, March 14th through 21. New wealth building techniques. We're going to take some of the stuff from investing essentials. I was going to ask. I think I'm going to take some of that. That stuff was real popular though tonight. I'm going Speaker 8 (24:33) to Speaker 2 (24:33) do some of that on the cruise, I think. Love Speaker 7 (24:34) that. Go Speaker 2 (24:35) into some of the estate planning things. And how do I keep from, some people when they start making money, they worry about how do you keep from ruining your kids? Speaker 4 (24:42) You Speaker 2 (24:42) know, how do you make them grow up and be functional? Well, we're going to talk about that. Rachel Cruz probably got something to say about that. The nurturing of her mother, the harshness of her father and all that, right? Perfect blend. Perfect blend. Hey, baby step four and beyond, you are officially directed to go to the website and get the Live Like No One Else cruise. RamseySolutions.com slash events. Book your cabin before they're gone. They will be gone. Now, listen, it's after Labor Day. All you people that had the summer and vacation. Now, March is going to be here in about 20 seconds. And Speaker 4 (25:18) it's only $600 to put your deposit down. Speaker 2 (25:20) And hold your cabin. Yeah. That's a deal. You Speaker 4 (25:22) can Speaker 2 (25:22) do that. And Baby Step 4, you can do that. And now you can afford it because you're not broke anymore. I love it. Looking forward to having you guys. It's going to be fun. Lee's in Salt Lake. Hi, Lee. How are you? Speaker 5 (25:32) I'm good, thanks. How are you? Speaker 2 (25:35) Better than I deserve. How can we help? Speaker 5 (25:37) Good. I am a single mom. I'm 29 years old and I have a four-year-old son. I left an abusive relationship about four to five years ago and it's just been me and my son. I homeschool. I've been working remotely for the past three years and my job just announced that our company is shutting down and that I have about three weeks left. I have no debt. I'm on baby steps. three, trying to be on baby step three. I only have about $2,000 in savings. I've been applying like crazy. I probably put in 100 applications this past week just trying to find a remote job. But yeah, I was just calling to get financial advice, like what I should do. I'm just afraid because I don't have a lot of savings that... You know, we'll go home. What were you making? I don't get a job. I was only getting $2,400 a month. Speaker 2 (26:33) Okay. Speaker 4 (26:34) Okay. And you've just been applying for jobs that are just out there. Have you reached out to people in your community, in your network, and said, hey, I'm looking. Do you know of anyone? Speaker 5 (26:46) Yeah, I try to ask all my friends. I'm looking for a remote job. Why are you looking for a remote job? Speaker 4 (26:52) I was going to say, when you say only remote, you're narrowing your pool so small. Speaker 6 (26:56) Like 90 % of the jobs just came off the table. Speaker 5 (27:00) Yeah, it's because my son is still home with me. Speaker 6 (27:04) Do you have family in the area? Speaker 5 (27:07) I don't. Speaker 6 (27:08) Where is your family? Speaker 4 (27:10) They're in Arizona. Speaker 6 (27:12) Okay. You may be soon. If Speaker 4 (27:14) you had an in-person job where you made double, could you do daycare? Speaker 5 (27:22) Absolutely, yeah. If I can, I prefer to homeschool. I prefer you not starve. Yeah, I know. And get thrown out of your rental house. I Speaker 2 (27:33) have a bad experience Speaker 5 (27:33) with daycare. Speaker 6 (27:35) Yeah. I prefer you not get thrown out of your rental house and not have food. That's the first thing. We have to survive first. Then we can work on preferences. And you've got the fuse burning on a stick of dynamite. You've got three weeks is how long the fuse is. And then your world's going to blow up. So yeah, I prefer no longer is available. I Speaker 4 (27:55) think you've got to put in for whatever's out there, including in person. And I think I heard you say you had a bad experience with daycare. There's really great daycares out there. And my guess is that if you are making 24, you might have scrimped on the daycare that you were going to. But if you have a little bit of a higher paying job, you might be able to look at some nicer facilities. Is that fair? Speaker 5 (28:19) Yeah, I was making about $17 at my current job right now. I'm just not sure how much more I'd be able Speaker 6 (28:26) to make. Speaker 5 (28:26) Yeah, you're starving Speaker 6 (28:26) to death. Speaker 4 (28:27) I think it's because you've narrowed your pool so far. I think that if you go out and you're looking at in-person jobs, full-time, what's your area of expertise? What are you in your field? Speaker 5 (28:40) I have a bachelor's in hospitality and tourism management. Speaker 6 (28:45) You have a four-year degree in hospitality and you're making $17 an hour? Speaker 4 (28:49) Yeah, you ought to be able to get out. Speaker 6 (28:50) You ought to be able to go manage a hotel girl or manage a restaurant or Speaker 4 (28:54) get in line to Speaker 6 (28:56) do that and make a lot more than that. Speaker 4 (28:59) I think you've just narrowed your pool. I know I've said that, but I think that you're so tunnel-visioned on taking care of the four-year-old. The truth is he's going to be in kindergarten in a year anyway. Speaker 5 (29:10) Yeah. I think part of my problem, too, is that I've just always wanted to be a stay-at-home mom, and so that dream of homeschooling I have, but yeah, financially, it's just hard. Speaker 4 (29:20) Well, that's the hard part. So here's Speaker 5 (29:22) the Speaker 4 (29:22) thing. You've got competing priorities because you've got this value of wanting to be a homeschool. Then you've got a priority that really is a responsibility of bringing in enough... money for your family. You're the sole provider. And so when that happens, sometimes you have to reorder your priorities. Even if it's temporary in this season, you're going to have to prioritize earning money for your family first. And the hard thing with priorities is everything wants to be number one, but that's just not reality. Math says that. Earning money at a career has got to be number one. And just remember, it's for a season, Leah. You might pop back and be doing so well that your season changes and you're able to shift in some ways. We don't know what that looks like, but just think everything is in seasons for life. It doesn't necessarily have to be like that forever. Speaker 6 (30:10) You've come through an extremely emotionally damaging. Speaker 6 (30:19) process leaving an abusive relationship and clinging to this child and just trying to make sure the child is okay and surviving and you're being a good mama bear and you're putting your arms around your baby and that's noble and that's exactly what you should do we're not in the middle of all the emotion of your former abuse and so we don't have that all we see is that our friend Leah that we love needs to get a job so she can feed herself and her baby. And that's first. All the other stuff is