2 Broadcaster Press June 28, 2016 www.broadcasteronline.com Dave Says Baby Steps, motivation, and retirement BY DAVE RAMSEY Courtesy of EveryDollar.com Dear Dave, I make $38,000 a year working in the trade show industry, and I’m about to start Baby Step 3. It took 14 months to pay off $8,000 in debt for Baby Step 2, so I’m wondering how long it should take to save up my three to six months of expenses. I’ve also not done a lot toward retirement. I’m 52, and I’m worried about that. How can I stay motivated in the Baby Steps and handle retirement worries? Donna Dear Donna, The general time frame I look at for saving up a fully funded emergency fund is six months to a year. Your takehome pay should be about $3,000 a month, so three to six months of expenses will probably be in the neighborhood of $8,000 to $10,000. If it took you about a year to pay off that much in debt, then it should take about a year to accomplish this. But if you start building retirement right now and have an emergency, you know what you’ll use? You’ll use your retirement. That’s why the emergency fund comes before retirement in the Baby Steps. The average household income in Dave America, which is often two incomes, is around $52,000. I would challenge you to think about and work toward what you could be doing at age 60 that will make you that much or even more. You’re probably working really hard for that $38,000. In your fifties, if you’re starting over — or if you start making a lot more — we call that an “encore career.” So I want you to start thinking fresh again. Don’t quit today, but you’re going to be making $38,000 eight years from now unless you start aiming at something else. All this is as much an answer to your retirement fears as trying to leapfrog and start doing retirement without an emergency fund. Put your RAMSEY emergency fund in place over the next 12 months, and start doing some goal setting and thinking. Maybe you’d like to own a trade show or events company by that time. Ask yourself, “What would I do if I could do anything?” Because you know what? You can do anything! General Mills And South Dakota State University Unveil Oats Research Laboratory stores of choice food and oil, but a foolish man devours all he has. You need to be saving, too, in order to be biblically wise. If you spend everything you make, or, for that matter, if you gave away everything you make on an ongoing basis, it would be foolish. There are individual times where people may be called to give in an extreme way, but I’m talking about a pattern of living or way of life over an extended period of time. If you just say you’re going to give away your whole income and let the government support you at the expense of your family, that’s not biblical. And it’s not a wise way to live your life. BROOKINGS, SD - General Mills and South Dakota State University (SDSU) today announced the opening of a stateof-the-art oat variety development lab on the Brookings campus. The Oats Research Laboratory will focus on advancing the sustainability and quality of oats in the U.S. "We're honored to be here working alongside some of the brightest agricultural researchers in the country," said Jim Kirkwood, vice president and chief science and technology development officer at General Mills. "Our company has —Dave made a public commitment to source 100 percent of our oats by 2020 from growing regions that demonstrate continuous Generosity or improvement against industry-based environmental metrics. overspending? Having a venerable institution like SDSU as a partner will allow us to do more innovative oat breeding research in the Dear Dave, labs and fields - and get us to that goal." I’ve heard you talk about The new collaborative oat research laboratory, housed in the importance of giving using the Young Brothers Seed Technology Building, includes labs, the phrase “outrageous genergreenhouses and access to field trials. General Mills agronoosity.” But at what point does mists and plant breeders will work alongside the universioutrageous generosity become ty's plant science department comprised of plant breeders, foolish overspending? grain scientists, seed experts, environmental scientists, field —Dave Josiah station managers and student researchers. Together, their efforts will focus on improving the nutritional qualities of *Dave Ramsey is Dear Josiah, oats; developing better performing oat varieties with higher America’s trusted voice on This is a good question. money and business, and CEO yields; and helping farmers improve agronomy practices to Your first mandate is to take increase sustainability. of Ramsey Solutions. He has care of your own household. "At South Dakota State University, we believe strongly in The Bible says if you don’t authored seven best-selling public/private partnerships and the synergies they bring to do this, you’re worse than an books. The Dave Ramsey research and innovation," said Dr. Barry H. Dunn, president unbeliever. So start with your Show is heard by more than own family. Are you able to of the institution. "This relationship combines an internation11 million listeners each take care of the basic lifestyle week on more than 550 radio al innovator in consumer foods and the leading land-grant inand needs of your family? The stitution in the country's second largest oat-producing state. stations and digital outlets. pursuit of giving shouldn’t inThe new laboratory will be a powerful shared opportunity to Follow Dave on Twitter at @ terrupt the food on your own DaveRamsey and on the web enhance agricultural productivity and food production, and family’s table. help stimulate sustainable economic growth and prosperity." at daveramsey.com. The Bible also says in the South Dakota is a natural fit for the lab because the state house of the wise there are was ranked second in U.S. oat production in 2015 and the public breeding program is one of the mainstays of South Dakota's agriculture experiment station. Oats, unlike other commodities like corn and soybeans, do not benefit from large scale private or commercial breeding programs. In addition, statue portrays him clutching his hat with his jacket blowing oats are a critical part of the crop rotation in the state, proin the wind, conveying the difficult days of the “Dust Bowl” viding soil health benefits, reducing soil erosion, requiring era. It will be placed to the north of the Capitol on Nicollet fewer inputs and no irrigation water while producing a nutriAvenue. ent rich product. Nils Boe served from 1965-69 as the state’s twenty-third "We have a responsibility as a public-land grant university governor. An attorney from Sioux Falls, Boe had served two and agricultural experiment station to provide growers in terms previously as speaker of the house, and was the only our state and throughout the U.S. oat varieties and producbachelor to serve as governor. While serving as speaker, his tion systems that optimize profitable production and meet fellow legislators had presented him with a beagle puppy, the needs of their markets," said Dr. Daniel Scholl, Interim known as “Beagle Boe.” The statue, which will be placed in Dean of the College of Agriculture & Biological Sciences, and downtown Pierre, portrays Boe with his beagle. Director of the South Dakota Agricultural Experiment Station. Mike Rounds was South Dakota’s thirty-second gover- "South Dakota growers prompted and helped the revitalizanor before being elected to the U.S. Senate. An avid pheas- tion of oat variety development at SDSU and this scientific ant hunter, Gov. Rounds prioritized the expansion of public partnership with General Mills, a major buyer of South Dahunting opportunities. His statue portrays Mike ready for the kota oats, brings value right back to the oat grower." hunt, with his shotgun in hand and his hunting dog, Baby, at Oats are at the core of General Mills' business, with more his side. The statue will be placed on the Governor’s Mansion than 600 products in the company's U.S. portfolio containing grounds on Capitol Avenue, near the Pierre neighborhood oats. In fiscal 2015, 25 percent of the company's U.S. retail where the Rounds family grew up. sales volume comprised products containing whole grain These three new statues join 12 others that have already oats. Since 1941, the company has brought the power of been placed in Pierre: Arthur Mellette, Charles Herreid, Rob- oats to consumers when Cheerioats were introduced - the ert Vessey, Peter Norbeck, Harlan Bushfield, George T. Mickel- first ready-to-eat cereal made from oats, now better known son, Frank Farrar, Dick Kneip, Harvey Wollman, Bill Janklow, as Cheerios. As one of the largest buyers of North AmeriGeorge S. Mickelson and Walter Dale Miller. On your next visit can oats, General Mills hopes that partnering with the top to Pierre, I encourage you to enjoy the Trail of Governors and researchers and agronomy students at SDSU will enable the take a walk through South Dakota history. company to improve the quality and supply of oats, and increase the profitability of the crop for U.S. farmers. BroadcasterOnline.com A Walk Through South Dakota History by Gov. Dennis Daugaard: Every year, thousands of visitors come to Pierre to enjoy all that our Capital City has to offer. Every South Dakotan can be proud of the State Capitol Building, which has been beautifully restored and maintained. The Capitol grounds are also impressive, especially in the summer, with the Fighting Stallions Memorial and the veterans’ memorials along Capitol Lake. The Cultural Heritage Center provides an opportunity to learn about the history of our state. South Dakotans may not be aware of a new attraction that is being added to our Capital City – the Trail of Governors. This project combines art and history, and is placing lifesized bronze statues of every former South Dakota governor in Pierre, on a trail connecting the downtown business district with the Capitol grounds. The Trail of Governors was started about five years ago. It is operated by a non-profit board and funded entirely by private donations. Each year, beginning in 2012, three new statues, sculpted by South Dakota artists, have been unveiled and placed in the Capital City. Three new statues were just unveiled: Warren E. Green, Nils Boe and Mike Rounds. Warren E. Green was the state’s thirteenth governor. He was a farmer and former legislator from Hamlin County. Green had finished dead last in the Republican primary, but after the leading candidates deadlocked at the Republican Convention, Green was nominated as a compromise. 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Estimated dam- age to the property is $4,275 not including labor costs. The Meeker Ranch is the last standing historic homestead on public land in the southern Black Hills. Over the past 7 years, the Forest Service along with several partners including the Black Hills Historic Preservation Trust, Region 1 Historic Preservation Team from Missoula, Montana, and HistoriCorps from Colorado have been working to restore the historic property. Anyone with information is asked to contact Forest Service Law Enforcement Officer Eric Nelson at (605) 6739307 or by email at elnelson@ fs.fed.us. The public can also contact the Custer County Sheriff’s Office at (605) 6738166 with information. For more information on the Black Hills National Forest, visit, http://www.fs.usda. gov/blackhills or call (605) 673-9200. Let Those Toes Breath! 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