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Correspondent Rahul Tandon reporting Mozambique still reeling after Cyclon Kenya made landfall just over a week ago killing 41 people but it's now sparking a cholera outbreak a month ago Cyclon Ida killed over 600 people in Mozambique breaking news and analysis at townhall dot com. A man seriously injured when he fell into the crater of a volcano in Hawaii the man was at the kill away a volcano and was at the steaming bluff overlook when he stepped over the safety railing and slipped literally off the edge into the crater fire chief Mathias couche told k g m b The man fell about 40 to 60 feet he remained until National Park Service and why fire department personnel repelled the chief ranger a killer whale is reminding visitors never crossed safety barriers especially around dangerous and destabilized cliff edges I met Donohue in consumer news General Motors recalling over 368000 pickups and other trucks worldwide after 19 reports of fires caused by engine block heater chords the electric heater core to maternal is connecting the cord to the heater can short circuit and that in cause fires were only stories at townhall dot com I'm John Scott. I'd like to tell you about my husband Assemblyman Brian Downey he's a great father and husband who's working hard to protect your state family Meghan Dowling Brian knows unexpected bills and high taxes for families so he took action to reduce prescription drug costs and passed legislation to keep hospitals from overcharging patients he said up to the special interests to protect Proposition 13 and defeated 29000000000 in new taxes Brian Dowling is endorsed by the California professional firefighters and California Highway Patrol Men's Association Brian led the fight against sanctuary cities that protect illegal immigrant criminals he also led efforts to prevent wildfires by improving forest management reducing firefighter response times and making p.g. Any better maintain utility lines Brian might snore like a buffalo but I sleep well knowing he made family safer and kept taxes down on June 4th vote for Senate he'll protect the north state pay for by Brian for Senate 2900 . The day when he showed his Hogan filling in for days the focus will focus on taking your calls your questions because it's your life your money so we're here for you so what I want you to do is reach out let us know if you've got a question that's on your head or that number to call us 888-825-5225 Again that's 888-825-5225 we'd love to hear from you also if you are plugged in on all of the social media networks you can find us on there as well it's Ramsey Show when you consider a short question that way also. I'm also going to dive in here 1st and take a question from Twitter Adam asks this What are your thoughts on debt relief agencies and defaulting on current credit cards and loans to get out of debt Well Adam Here's a couple things but debt relief agencies that are out there you know ultimately if their plan is to tell you to let them handle it they will advise you most of them will advise you to not take the calls from the creditors that they will handle it for you and you send them money and in reality what they end up doing is trying to negotiate or trying to get to some kind of settlement and they end up sending money of into the credit card company the issue is that now they also charge you a fee for those so Adam in my mind why would I pay someone to do something that I can do for myself that I can and should do for myself so these debt relief agencies are actually not giving you any kind of relief it's more of a move in a switch so what I want to do is to be big boys and girls and we take care of business ourselves now defaulting on something intentionally is never an option either right the way to get out of debt is to attack it you signed on you took on the money you took on the debt you've got to pay it back I mean you got to take care of your business and your obligation that there's a difference between someone that's not able to pay versus someone choosing not to write someone that's on the table because of a health issue or loss of income that's where you even then contact the creditor and let them know you've had some life happen and you explain to them that hey I'm not able to make $150.00 standard payment I can send you $50.00 right and they'll bark at you and try to growl and scary it rar are no we're not scared because I'm rooted in reality and I know what I need to do and that's when you take care of it so no I don't I don't want you to faulting on it I want you to take care your obligations using the debt snowball and I don't want to use the debt relief company you are the person that can bring yourself or leave by getting serious budgeting and a. Packing debt thank you very very much for that question I'm sure a lot of people out there have that on their minds so no debt relief I want you to use the debt snowball fight I'm going to the phones I've got Jenelle on the line Jenelle How can I help you I want to thank you for taking my call well thank you how can I help you today well I'm tired of living paycheck to paycheck and being broke. But yes I had the pick me that I'm going to actually put action behind it. For the amount of money I make and by the time I pay my bills and only have $200.00 to go towards my $17000.00 debt that I had over my head so I purposely listen to the single moms victories over their finances and I actually signed up for a part time job and just got all the information necessary to I can start tonight so I'm super excited about that but my question is is how long am I going to work with part time job because I do have a 3 year old in which I pay child support by myself about $100.00 are not just work but they care about nicer dollars a month for her to go to daycare so you know I can pay out my bills but I just don't happen to hit that $17000.00 and I'm done I want to get rid of it when I tell people I'm getting a 2nd job they give me the big guys I'm like why you work for a software company why do you need another job I'm like I'm tired of being broke I have 20 dollars in my account come an extra trick though I'm just trying to see how long going to work this part time job in order to knock out this is that Ok You know 1st and foremost I want to tell you something I hear in your voice someone that made a decision right like that you you are going to this $17000.00 is on the clock like you're going to it's leaving you admit yes it's going away I hear it in your voice now here's here's because See that's the 1st step that help people get serious about making changes start so tell me this what your help. Didn't come to my help with income is 62 year Ok 62 year and you've got 17000 what kind of debt is the 17000 so my car payment I actually reached the maturity of the loan at the beginning of the year but because you know they have those you can skip a payment for the holidays and skip a payment here I skipped many payments Chris so the maturity date came but I still owe about a $5400.00 Ok so you've got $5200.00 on a car Yes Ok bonus with the $200.00 in medical bills and my daughter will be 4 so that's really sad there from when I had her so and so the and those are in collections of I'm a 3500 is from a previous divorce we had something together in my name that he was paying but I'm responsible for to this in my name and to cable bills with you again something that's in my name that I was paying for it these medical bills how much are you paying on those each month I'm not there own I can't Ok on imbeciles the thing yeah right i just not able to locate and how much is the car payment the car payment is for 3306 k. What kind of car exhaust it's a Toyota Camry Ok All right. All right so looking at this that's the 17 all told. Here's what you're going to do all right this 2nd job I agree with you you make that sacrifice and you bring that on to be able to attack and take care of business looking at this this 35 $100.00 thing you know we teach people smallest The biggest is how you want to attack that so you've got that $3500.00 debt that you had with your former husband right yes that that's another name didn't From there you've got I would go car and her then to the medical to medical care and so I'm looking at this if you think about it the side the options you have you know the 2nd drop that you're looking at starting which is fits great at shows the effort that you're willing to take to get out and do it but also think about this you told me you work for a software company you begin to think about ways that you could also earn extra money using your primary skill set Ok And so thinking about that is something to look at but how long I mean I'm going to tell you this based on the debt that you've just laid out I mean to that you could have this done in 2019 Ok yeah I want this is not some that you need to feel like you're going to have to do for the next 5 years not at all Jenelle and so I'm proud of you making the decision you know as a single mom you're right those daycare costs those are real expenses but this thing is temporary with a 17000 the decision you've made about how you're going to move forward that's the thing that could have a permanent lasting impact on not just you but also your 3 year old because see you're taking a stand you're taking a stand financially and this little brief period that you're going to sacrifice you don't need people to understand it's Ok yeah you're not doing it for them you're doing it for your 3 year old you're doing it for yourself and your peace of mind and so I'm very proud of you gentle I'm actually going to send you 2 things we're going to send you Financial Peace University which is a 9 week course that will help you continue to walk this path and understand what you're doing and why it's so important and I'm also going to send you my new book Everyday millionaire. How ordinary people build extraordinary wealth because you're going to be well on your way so you're motivated person and there's nothing that can hold back a motivated individual we get to make decisions about our lives we get to make decisions about where we're going and why matters to us and that gets me excited and I'm the product of a single mom so I'm here to tell you something what you do jail that this is you make it how you talk and how your child is watching and you've got a great opportunity to show them what's possible this is the big race issue. And if he can't hide. What if buying a house was like buying a timeshare you show up with a herd of other people that also wanted the free gift and then you're in a pressure cooker sales presentation for 90 minutes let's call it 3 hours you don't have the opportunity to have your real estate agent professionally negotiate the price no inspector to uncover hidden problems no loan officer to explain every detail of the loan terms interest rate fees payment schedule in total cost folks you would never buy a home this way but that's exactly how the majority of time shares are sold and that's stupid if you're stuck in a timeshare if you called the resort and they won't let you out if you've tried selling it and can't call timeshare exit team they will fight for you I trust these guys you can trust them call for a free consultation 844999 exit 844999 exit or timeshare exit game dot com are famous $10.00 sale is happening right now at Dave Ramsey dot com and the online store you can choose from over 50 bestselling books audio books D.V.D.'s and I'm a lot systems all for only $10.00 to get Dave's number one best seller The total money make over to get rid of your debt quickly or Dave's other number $1.00 best. 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Your Monday through Friday at f.m. 101 by the name of. Great information. Conversation. Dot com. You are listening to the. Studio we're talking about your life and your money and I want to hear from you so if you've got a question about money you've got a topic on your head you just want to get it off your chest or find out. The number to call is 888-825-5225 again that's triple 88255225 I'm hear from you for you so I've got it on the line Ed how are you. I'm doing just fine thank you very much for taking my call today yes or what I hope you will if you don't mind I'll give you the background then not last into question if that works for you is at a bank good to me my friend Ok I'm 68 the wife is 65 are both retired and retired military and union Plus we get our Social Security but only R.V.'s puke or neighbors we make approximately 80 came here in retirement only That's all we have friends our net worth is about 300 k. And we had everything paid off for Baby Step 7 we've been debt free since about 2006 Problem is it we depended everything on retirement from these sources instead of having any mutual fund type savings until about a year and a half ago and if I die before my wife she loses approximately 60 percent of the income and we have started in the last year and a half putting the 15 percent of our income into usual funds. But the problem is if I die within the after 8 years my life insurance is gone she'll have nothing from that and I just want to make sure that I can take care of my wife if I die before or if you can give any suggestions on a better way or point me in a better in the right direction I'd appreciate it yes or Ed Well 1st of all as I thank you for your question and thank you for your service you said you paid off everything so you've paid the home off as well just servo totally debt free what is a home worth. Proximately to 40 Ok 240000 make an 80 so are you investing money each month right now use or partly 15 percent of the 80 Ok Ed when you say sir I look for my dad you call me Chris Ok sir. Yes you are this or this covers. But. I love your heart I love that you're thinking and you're looking at this and trying to figure out hey what do we do for the family how do we what are these next steps and I think where you are and what you're doing being out of debt being very focused being intentional I think right now you're at this point of some tweaks and my tweaks what I mean is you and your wife talking through the scenario you know you said you got 8 years of life insurance left that's fantastic because I talk to a lot of people that don't have any and so you've got 8 years on it and so what's the game plan right something happened so you should there's a loss of income but the good thing is is that you're out of debt and you've got a paid for asset right so it would push comes to shove if something were to happen to you she's got the life insurance over the next 8 years but you also have a place where she's living where the living expenses are basic you know you've paid off you all have worked hard and done that the right way what's your biggest concern in your scenario right now. Well the biggest concern is not such as if I die after the life insurance runs out. What is she going to do is far as you know she's going to lose 60 percent of the income right you know we want to make sure that she can live a good lifestyle not have to depend on any other family to be able to be independent absolutely Ok and that and that's a good thing and I like the way you're thinking and so with you being 68 where you are right now I'd have a couple of conversations I would talk to an insurance e.l.p. And try to find out hey life insurance wise right now what would it look like if you all were to extend a policy to add another 10 years 10 to 12 years to it what would that cost again we're just getting numbers right we want to be aware and then thinking through Ok well how are we investing this money that you've got coming in and you said you got 80000 that's coming in and income right now you guys don't owe anybody anything so how are we setting that aside do you begin to bump up the emergency fund to where you have a little bit more cushion for her if life were to happen so you're at the spot of tweaks ahead again having these conversations talking it through and making sure you and your wife are on the same page for that that that game plan it's a good thing it puts everybody at ease and you know exactly what you're dealing with and why it's so important so thank you Brad that's a fantastic call I appreciat