This is the Ramsey Call of the Day, part of the Ramsey Network.

Joining me today is Ramsey personality, Rachel Cruz.

Chris is in Charlotte, North Carolina.

Hi, Chris.

Welcome to the Ramsey show.

Hi, thanks for taking my call.

Sure. What's up? I'll get right to it. Me and my life recently started a side business. We both

work full-time and kind of looking to pay off a ton of consumer debt and realize you can only

save so much so we started the side business dog sitting with the intentions of paying off the consumer debt.

And I spoke with my accountant last year.

And he suggested putting my two children kind of on payroll, right, and paying them to benefit, you know, investing into their Roth IRA and maxing it out for them because he

suggested that, you know, they don't pay taxes on that. So that now kind of threw me for a loop,

and I think that's what we're going to plan on doing for this year. And my question is,

we are pretty late to the game with investing for ourselves, right? And I kind of wonder if it's

foolish to do that for them. I just recently learned the power of compounding interest. So that's

the reason why I'm doing this. You know, there are three and five. It just seems like a unique

opportunity because we don't plan on doing this forever, really just to pay off the consumer debt.

And we're not really struggling. We have a plan, you know, to pay off the consumer debt. And we're not really struggling.

We have a plan to pay off the consumer debt, and if it takes a little bit longer,

because we're paying our children and investing in a Roth IRA, it seems okay.

Chris, I'm an IRS auditor, and I'm sitting in front of you, and you paid your three-year-old

to do work. I'm not believing that the

...