It's Tuesday, and this is the Ramsey Call of the Day, part of the Ramsey Network.

Milton is in Washington, D.C. Hi, Milton. How are you?

Good. How can I help? So, I recently turned my godson, who's 16, on to your show,

and he took it and ran with it uh between you and

chris uh he's convinced he will be a millionaire by the time he's 30 which is fantastic because he

can do it i love it um however his problem is um he's currently working his first job and he's

saving like crazy to buy his first car, which he demands he

will only pay cash for. However, his mother is not exactly financially responsible and

tends to siphon off of his personal savings from his work when needed.

She steals his money?

She asks, and of course, when groceries are needed or the car's about to be repossessed,

he hands it over, so, you know, for the better of the family.

Oh, my God.

How dysfunctional is that?

Yeah.

So I'm trying to figure out the best way to help him, A, protect his savings to work towards his goals.

And additionally, once he does get a car, how does he go about

protecting the title? Because he's a minor. I would like to title it in my name, but I live out

of state. They live in East Tennessee. And I don't know how that would work if I were to buy it

for him and, you know, insurance and all that. I'm not sure how that would work if I were to buy it for him and, you know, insurance and all that.

I'm not sure how that would work.

So there's, I guess, two questions.

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