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Let's go to Mike Mike is in Nashville.
Hey Mike welcome to the Dave Ramsey show what's up.
Hey Dave good evening thanks for -- our call.
My wife and I -- the total money -- over about ten months ago adopted gazelle like intensity pretty quick.
And we were able to pay off about 9000 dollars and six months while we were only on one salary cool.
And then about two weeks ago our life change probably forever how we lost our home.
Pretty much everything we don't live in -- -- here Nashville and we had a massive flood.
We did and so I guess I just called today is say is that someone who really.
Respect your belief -- personal finance panel looks -- stress we are facing Sri only.
Large rebuilding -- -- pretty sizable gap.
Between any -- we perceived and and those cost so you know what what sex.
No flood insurance I guess.
No sir I know when our neighborhood that that we were one of those neighborhoods that you know everyone that it would never flooded there was even a body of water that nearby so.
We have received some 800 penal which is certainly helpful but in the end -- facing.
-- multi 101000 dollar gap.
Between them what a culture going to be to rebuild and and I guess I -- going to determine your call from some of the federal SBA loans or maybe some kind clones are.
What should we -- next yeah.
So do you have an estimate on the repair -- Can we do a much.
Now we're looking at somewhere in the neighborhood of 35 to 40000 dollars and -- and famous what 27.
We -- talking points.
-- -- -- -- -- Yes -- no flood insurance.
-- point in our household incomes what.
Right now about 45.
Well electrical current students who were hoping that will train shortly until it all okay -- -- graduate.
Our next week how old -- -- -- -- it often and we're excited about that -- good news and yet gluing.
Well I think the most devastating part of of the flood is.
It is not the repairs is not the financial if it's that sense of security is gone.
It's like a fire.
In February -- on a home burns down it's very very emotional.
For families because Jewish stuff has gone.
You picked sure sure that the the the personal moment -- you know -- all the different things that.
You get you're not a -- option that's not a problem you know.
But but you know somebody your grandmother gave you are.
Those kinds of things are are you -- -- and these floodwaters came up so fast that most people in Nashville didn't have time to get -- stuff out.
Right and we were out of town went -- and I'll tell you couldn't even if you wanted to almost certainly didn't we've had enormous support from my my.
My employer my fellow co workers which is really actually -- praise.
How the money that will help fill that gap too but we I think it's inevitable we're going to have to go to some form of a loan situation maybe not an -- -- wanted to -- your -- Well yeah I if you do you do I'm not gonna -- -- you for that.
You -- -- -- -- mind you're gonna do as much of the work you can do yourself and you're gonna accept help from others in the form of labor and -- -- and and financial.
And to the extent that that leaves you 101000 or 7000 dollar gap so -- it you've got ruled that.
I'm not gonna yell -- about that I don't really know what effect your house off the top of my head.
But but I'm I'm always gonna be asking the question if -- you how can I do this cheaper how cannot do it.
What it was more my sweat labor how -- I mean how can -- you know.
Minimize if not alleviate completely the need for -- here but I am not just automatically assume bloom -- -- be this and that.
-- them and do my best to work around it and not do that goes slower she gets the job.
That increased cash flow funds the difference those kinds of things I'm good with every bit of that.
But I'm also not -- -- -- a guy while he's down here -- I don't know you know.
I think -- -- you -- I think you're doing Smart things I think you've got the right way of looking at it.
I know that all around Nashville that many many homes and we just saw pictures -- -- for the -- all have been cut out up to the to the flood level got.
Which I'm proudest day we get ourselves out and save ourselves from it and I'm guessing that I like a lot of people around natural -- volunteers showing up that you know little or helping you.
Completely overwhelmed by the support from both my work and down -- Vanderbilt community it was overwhelming you know kind.
You're -- -- Richland -- thing aria.
Yes sir we're in what natural and opium.
OK okay on.
Well that they're just has been the volunteers have -- an amazing.
The way this city has rally was almost you know.
The national press on it and there's been some folks come in from out of town to help on there's always that group shot -- that come into a bit.
But mainly it has been the community rising up the churches that work places and people gathering together it's absolutely inspiring to watch it happen.
So that that's the good news out of this mess now that where does that leave you if -- -- you 7000 dollars in debt.
When your wife have a new job you're -- pay that off pretty quick you know how to do it you've been working your total money make over.
Other than the loss of the memories and the and that in this emotional.
Sense of just being ravaged.
By this flood.
This is not something totally remark on you for your life financially it's not good -- you know -- don't know -- -- -- -- I -- that doesn't change your life.
Right and that -- that -- going forward and our goal could not make financial decisions now it.
Check out -- Death and not get caught up in the you know it almost in the grieving of this and do something stupid so.
Just just stay with your total money make over principles -- have a plan -- and avoid -- if at all possible here.
That's not a principle and probably make overs avoided altogether but.
But -- in your case you know just continue to be embraced the help that's offered to you try to coordinate that and a way that.
That you can rebuild it and put the house back together without.
Even if you did it in phases went without -- or with very minimal amounts of debt when your wife get ready graduate had taken a new job that's huge part of that equation too -- have.
Bruce are you facing this -- You know you you've got a great attitude about how you're going through it and have.
I've been amazed at the resiliency of my neighbors pretty impressive folks.
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