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This. Episode A Sponsored by Smart

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Esther, Connect with an investing

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solutions.com/invest. You're.

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Listening to Ramsey Everyday Millionaires

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where we talk investing, retirement,

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building, wealth and outrageous generosity.

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Kylie Jenner got stuck Hi

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Carly welcome to the Ramsey

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show! Hello! thank you for

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having me. Sure what's up? I'm

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I have a question for you

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know I am thirty five years

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old might have been will be

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forty in August and we are

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active duty military family and he

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is the active house. I stay

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at home with our kids and

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but I was active duty for

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five years and last to stay

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at home and raise our kids.

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He is looking at retiring. We

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want to retire at or at

0:58

least stabilize. By the time my

1:00

oldest. Is in high school and he is

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in sixth grade right now, so within the next

1:04

five years. We're looking

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at leaving all of this. Behind.

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And feel I need to.

1:13

I'm panicking kids. At will

1:15

have medical I'm a writer Mark Point. Yeah,

1:18

he'll be packaged on your mark, your hobby,

1:20

I believe it. Twenty four. Okra and

1:22

are you didn't quite get a tornado?

1:24

You. Know. How to I

1:26

did not. Thanks to both of you

1:28

for your service. Shoot both going have

1:30

military retirement. Obviously his was going to

1:33

be substantial. In. Those situations

1:35

picture when you say retire.

1:39

When you may, you can do nothing. Well

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I would like for him to

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do nothing and I would like

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to take up the role. So

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we have arrested financial gap between

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our two children are oldest is

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twelve or youngest is two. He

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just turned two and so I

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would like for him to stay

1:57

at home and kind of enjoy.

2:00

His retirement that he's worked

2:02

his last twenty four years

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for and take up that

2:06

mantle as as. Feeling

2:08

in the gap of were so we're

2:10

going to lose a lot of military

2:13

allowances. His

2:15

pension is gonna. Be a

2:17

no cover a whole bunch but we're

2:19

gonna have to think about buying not

2:21

food about we're gonna have to purchase

2:23

the house we have no debt arm

2:25

or kids' college once paid for one

2:28

or oldest has the post nine eleven

2:30

G I bill. So he's covered

2:32

for college and then i

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am were putting my stl

2:36

i not my as July

2:38

is not mela concerts but

2:41

my arm. My Tsp

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account has about thirty five thousand

2:45

and up with now and no use

2:47

that, we're just gonna leave that alone

2:49

until my young get home. Or

2:51

your has vulgar language are. Probably

2:55

forty. Three. To

2:57

forty Five. Of the sugar in your

2:59

the six year old little. You'll. Have a

3:01

six year old? Yes! As airport. Yeah

3:04

you know you know know like me

3:06

but amato your think anyone was out

3:09

to the like a appreciate the services

3:11

given or country A guy that comes

3:13

out the military in a highly structured.

3:16

Very. Mission Driven. Ah,

3:18

organization. He. Comes home with six

3:20

year old. Is going

3:23

to be a very unhappy Madison. Yeah

3:27

he's gonna in the eyes of he's gonna need of the

3:29

house. In. His

3:31

is coming out. Where is our emotional

3:33

whiplash? Though. The dream

3:35

is and I. Another issue

3:37

with this is is dead

3:39

and I am on a

3:42

horse person so we're looking

3:44

to get. Basically.

3:46

A hobby farm if you will. We

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just kind of want acreage and he

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wants he wants to. Teams go to

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the whole shebang. I just need a

3:54

couple horses to train and sell. And

3:56

train and sell. Just can stay happy.

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I'm. We. It we're gonna

4:01

need kit kit right now. We.

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Have Zero debt. Ah, my kids' college

4:05

for hims paid for that. This is

4:07

all. Were just I just

4:09

need a bouncer some money so that

4:11

we can buy a house with cash,

4:13

not go into any debt. Is a where

4:15

you are as emotionally charged for house in four

4:17

years? I'm confused. Okay,

4:20

so ah, my husband makes

4:22

about eleven thousand dollars a

4:24

month. We

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know that. Much

4:28

inertia in our and what as living alone. Ah

4:31

Ahmet to receive and tell

4:33

them so you're saving About.

4:36

At sea so. It

4:38

says here on his little

4:40

budget notes that we are

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immigrating. Monthly Balance: about twenty

4:44

three hundred. Dollars. Started Thirty

4:46

thousand dollars a year for four years. And

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hundred, twenty thousand know, Hobby Farm for hundred

4:51

or those. No

4:53

No Ah. And. He's

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got about seven hundred thousand.

4:57

In a T S P account the I would you

4:59

do know is that. Know.

5:02

So he will be able to pull. On.

5:05

Some of that out. Very in

5:07

Merlin until his fifty nine

5:09

houses, Twenty. Okay,

5:13

Okay, That's not gonna

5:15

happen with cash than oh goodness No.

5:18

So you doesn't but you're doing exactly what you should

5:20

be doing. We're just doing a live on the or

5:22

in front of everybody but they are we off. What

5:24

you need to be doing is to lay out exactly

5:27

where we want to go. Your

5:29

desire future is my friends and required

5:31

thousand and then what must be true.

5:33

That's not true today. Okay, so here's

5:35

the budget for the Hobby Farm. Here's

5:37

what our income looks like. Now here's

5:39

how we can throw money at it.

5:41

What? Can we? What has to be true? Yeah,

5:44

and we gotta get a house in the meantime.

5:46

you know, And and what does our careers look

5:48

like? On the other, an. Arm.

5:50

And sales eat you, you know?

5:53

For. Our to me being blunt with you. You

5:55

had planned to go play with horses and

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he was going to babysit a six year

5:59

old and. I, that

6:01

might work. Some guys can do

6:04

that, but I've got to tell you, you're asking

6:06

him to make a dramatic change in his daily

6:08

activities and the neuroplasticity of his

6:10

brain is really going to have to go

6:12

into overdrive to make

6:14

that turn. The whiplash is going to

6:16

be pretty incredible. And maybe there's a season of it,

6:18

Kylie, that he takes six months and he's just

6:21

kind of, you know, he's home and all of

6:23

it, but the long-term plan of that may not

6:25

be what he wants either. Yeah, let's look at that.

6:27

So again, I think you're doing the right

6:29

thing. You just got to continue to dial out the

6:31

details of how we're going to get there. What's the

6:33

battle plan, to use a metaphor from your world? Thanks

6:38

for listening to Ramsey Everyday Millionaires. Need

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