Dave Ramsey: Artistic endeavors

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Dear Dave,

I’m retired, and in the past few years I’ve taken up painting. This hobby has begun bringing in more money than I expected. I was wondering at what point I should start thinking about separating my art money from my personal finances, and look at officially starting a little business.

— Pat

Dear Pat,

I’d do it now. A hobby that makes money is called a business.

This is really cool, Pat. I think you’re on the verge of being very successful.

— Dave

Follow up for peace of mind

Dear Dave,

I’ve been following your teachings for a while, and I’ve noticed you advise people to get things in writing when dealing with creditors. Usually, it seems like you’re talking about credit cards and things like that when this is mentioned. I finally made my last student loan payment the other day. Do you think it would be a good idea to request a formal statement saying my student loan debt has been completely paid off?

— Andrea

Dear Andrea,

Congratulations on finally kicking your student loan debt to the curb, Andrea. It feels awesome, doesn’t it?

— Dave

— Dave Ramsey is CEO of Ramsey Solutions. He has authored seven best-selling books, including The Total Money Makeover. The Dave Ramsey Show is heard by more than 13 million listeners each week on 585 radio stations and multiple digital platforms. Follow Dave on the web at daveramsey.com and on Twitter at @DaveRamsey.