How Do You Build Wealth To Leave A Relationship?

Brought to you by the EveryDollar app. Start budgeting for free today. How should I be investing to build wealth, but also to leave an emotionally abusive relationship? Oh gosh, how long has this been going on? This relationship has lasted going on four years. Are you safe right now? Yeah, absolutely. It's no physical abuse or any of that, but it's just too toxic for me to stay. I feel like I'm not evolving. Are you guys living together? Yes. Okay. Okay, so what's your timeline? On what? On exiting the premises. Um, it's not like, I would say I want to leave with definitely within the next like six months, six to eight months. Okay, tell me what you think. Tell me what's precluding you from going now, because when you say, how can I build wealth? Wealth is different than I need first and last month's rent to be able to get into my own apartment. Wealth is like a 10, 20 year journey. And so right now it's, hey, what is the next step I need to take? What is the minimum amount I need to leave this situation? We'll get to wealth later. My dilemma right now is I have, I did have roughly like $10,000 saved. I've recently paid off my car and got rid of absolutely all my debt. Awesome. I'm waiting on my title in the mail. I currently have about $8,000 left in my account. The reason I didn't, my lease was up. The reason I moved in with him is because I was, my income at my job is quite low. I'm only make $17 an hour. So I was a little bit worried about getting an apartment, um, just due to the requirements. Okay. And so I'm trying to figure out if I should be like investing with the $8,000, like maybe buying a quadplex. No. This is an ad for BetterHelp. One of the most important things I've ever done in my life. As a husband, as a dad, as a community member, as a neighbor, is to finally break down and go see a therapist. It's not just for major traumas. It's for anyone wanting better mental and emotional health and peace. If you're thinking about trying therapy, try my friends at BetterHelp. BetterHelp is a hundred percent online. So it's affordable and it's convenient. Visit betterhelp.com slash Ramsey for 10% off your first month. But maybe buying a quadplex. No. Like that's what I'm trying to figure out. Let me say this back to you. Let me say this back to you and make sure I've got it. So you've got zero debt at this point. You've got $8,000 cash, $17 per hour. What's that equate to a month? What do you bring in after taxes every month? I think around like, like $2,300. Okay. So no to your thing about investing right now. Cash is your friend. You need liquid money because you're trying to get a place. I would in the $17 per hour. Are you working 40 hours a week or are you part-time? How many hours do you do? Um, yeah, I work a little under 40, maybe like 36 hours. Okay. And okay. What kind of work are you doing? Um, medical assistance. Okay. So are you wanting to stay in that field? No, I'm currently looking for jobs to expand my income right now to hopefully like build my savings account. Yeah, I'm saying, are there, you know, the next step rung on the ladder in the medical world from assistant to X, Y, Z. Can you move up in the field and place that you're in right now? Or is this it? No, I've tried. Do you know what, you know, I think a lot of your skills would transfer in the medical field to other assistant work because you could be an executive assistant and go make 70, 80 grand. Okay. So I don't want you to just limit yourself going, well, this is the only thing I can do. You've got to think about what skills can transfer. And I'll, I'm going to give you our friend, Ken Coleman has a great tool and resource called find the work you're wired to do. And it comes with a get clear career assessment, and that will actually lay it all out for you. And so that will help you immensely. And then on top of that, do you have any community right now? Friends, family nearby? No, that's the problem. I don't, I don't have anyone to like, you know, stay at their house for that amount of time or help me out in this situation. That's what I'd say. I'd be looking at rent in your area and what you can, and think about it through the lens of a roommate. It's like, okay, who can I split this with? Because I think if you can get a roommate and I'm not saying you live like that forever, but this is just for you to get out of a toxic environment to your, to your own point. And to get someplace where it's a split cost. That's what I'd be looking for. That's the research I do tonight. Have you done that? Any research on apartments? I've already, I've already tried that option. And yes, I have been looking for apartments. Honestly, the roommate situation probably is unrealistic in my case. I don't have anybody. I was looking about renting a room like the Airbnb or something like that. And how much does that cost? I haven't gotten prices yet. I was thinking about doing that as of today. That's why I'm like, maybe I should call first. Yeah, I think that's a good, that's a good starting point. See, see what it'll cost you. I mean, the cheaper, the better. Cheap and safe are the two things that you're looking for. And it's just you, right? Yes. Okay. I know you don't have people close to you in your life, but I would jump on some local Facebook groups. And you can see their photo, their name and say, Hey, can we meet at this coffee shop and see if this is a good fit? So I know it's a scary step, but it's a much safer step than the situation you're in right now. And the truth is you can't afford an apartment on your own. And so that's the next step. And then we can work on the work and career piece to get that income up. But right now, 2300 bucks, you can survive if you can split a two bedroom at six, seven, 800 bucks. Yeah, right. And so that would be my next step is roommate followed by income. And do you have a separate bank account separate from your partner? Absolutely, yeah. Okay, good. And they don't have access to it. They don't know your passwords. You have like shared location services on, on your phone? No, no, I'm pretty good. I'm pretty clear to exit if I can figure out what I can afford. But I just wanted clarity on if I should be focusing on investing and that would be my way to move out. I would not invest a dime. So in the steps, you'd go, Hey, I don't have any debt. Now I need a fully funded emergency fund of three to six months of expenses. And then I can begin investing. But right now we need some stability and a foundation. So you're, you're close. If you can get your income up and get in a safe situation with where you're staying and get the emergency fund. Now we're cooking with gas. Now we have the recipe to build wealth. Because right now one emergency could tank you. And now you have no money to build wealth with. Okay. So you're, you're doing all the right things. I would not wait six months, Sarah. I would be gone by this weekend. Yeah. Once you find an Airbnb or once you find a roommate in many ways, I think your chances are better. Well, they're both the same thing. If you rent a room on an Airbnb, you have a roommate. And this is somebody that you don't really know very well. And you're up in their place. But the good news is you can, if it doesn't work out, you could easily move to someplace else versus a roommate. I guess you'd be locked in lease wise. So I kind of see what you're doing there. I think for you, the ultimate thing is the price on it. Because tick, usually in order to make progress, we don't want rent to go over, you know, 25, 30% of our, of our take-home pay. For you, that's a very low number at 2300 a month. So talking like 600 bucks. Yeah. So you're, yeah, 600, 700 bucks range. Luckily, you have no debt way to go on that. But that's what I'd be looking for, if at all possible. Okay. Gotcha. I understand. Thank you. You bet. You're welcome. I'm wishing you the best getting out of the situation. Jade, when it comes to abusive situations, it's so easy to tell yourself, well, it's not that bad. And I can just wait another six months. I'll be okay. You never know when people are going to shift into another gear. That's my thing. Yes. You need to get out. And she's taking all the right steps on the financial side. She's got no debt. She has separate accounts from this partner. She's got some money in the bank. Now is the time to go. Don't have some random arbitrary number. Once I have $12,000, then I'll feel comfortable. That's you justifying why you're going to stay in the situation. You need to be out. And if you need to call a hotline, you need to get into a woman's shelter. You do whatever you need to do. Get out of that toxic situation, Sarah. We're rooting for you. Create your free every dollar budget today. The simplest way to budget for your life.