��������

Hey, guys. Yeah, I'm back today answering your questions. We want to focus on personal finance. A lot of you sending in questions about what I do with my money right now. Our guest today is Dave Ramsey, host of the super popular radio program that David Ramsey show. He is a professional finance expert and author of seven bestselling books. Because six wasn't enough, apparently including the total money makeover. Good to be with you. Thanks for having me. All right, so I'm getting a lot of questions. I mean, we're all watching our for one case. You know what we think could be bottoming out? Maybe it's not the bottom, and that's where you come in. What should I do? Should I cash out the money now and put it into a savings account? Will ride this out. You need to ride it out. It's really scary out there. I understand that. But I'm old. I've been through a couple of these things are not exactly like this, but 2008 we experience the same kind of emotions. And after the attacks of 911 we experienced the same kinds of emotions. The market is diving and it's very hard, but you don't make good decisions when you're panicked or drunk, my friend Art Laffer says. So don't make a decision on panic. Ride it out. No one gets hurt on a roller coaster except those that jump off in the middle of the ride. What about people who are living paycheck to paycheck? But I'm hearing from a lot of people like that who say, Look, I have to make a decision right now whether to put food on the table for my Children, pay my electric bill or pay my rent. I don't have money for all three. So how should people be prioritizing this? Well, we call it the Four Walls when working with a family in crisis and certainly with the unemployment numbers, there's a lot of families in crisis. There's a lot of folks have lost their jobs, and so if you're in that situation, you do everything you can to conserve cash, and your number one priority is food. Number two is lights and water. Number three is rent. If your credit gets dinged up because you don't pay a, you know, a student loan on time and you put that on hardship to furrow or you don't pay a credit card on time. So what, You take care of your family first, And the great news is, there's a ton of companies hiring right now. A lot of things have exploded. Amazons put 100,000 jobs on the board right now. Ah, Wal Mart Hiring like Crazy Target hiring like crazy. All the pizza delivery hiring like crazy all d all the grocery stores. Hiring like crazy. Those may not be jobs you want, but if they keep food coming in the basics of life, they're worth doing right now. Do you think this is one of those situations? And we've heard some of our politicians say this. We will be ableto sort of flip a switch and get the country back going again. Are we talking? We end with us for the next year, at least? Well, I think there's certain things you be able to flip the switch and they'll go bright back to work. I mean, Macy's laid off 100,000 people. Macy's is not gonna completely close, even if they win a Chapter 11 bankruptcy, which they're probably not going to d'oh you know, hurts. And, uh, Enterprise and Avis have laid off 60 80% of their workforce. They're not gonna quit. They're gonna rehire them as soon as we're allowed to go back to work and the economy starts moving again because people are moving around again. Same with the, you know, the travel industry with restaurants and bars. And so we'll see most of that. Snap back pretty quick. I think the things that won't snap back are some of the small businesses, and that would be included. A few restaurants that just cannot come back after this. They It broke him. Dave Ramsey always appreciate your help. Thank you so much. I appreciate it. Honor to be with you. Thank you for you at home here. So you can send your questions to me on Facebook at Rawson reports. And on Instagram and Twitter, you can find me at Jeff Ross, and I read every question. Feel free to send that video to always nice to see you. I'm lonely over here. Keep him coming back to you.