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Traeyz ♠️

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Dave Ramsey: How much student loan debt do you have? ​Caller: About $550,000 ​Dave Ramsey: $550,000? ​Caller: Yeah. ​Dave Ramsey: What is your field of study? ​Caller: Medicine. Family practice. ​Dave Ramsey: Why did it take $550,000 to do family practice? ​Caller: Poor decisions and misguided advice early on to not worry about loans. ​Dave Ramsey: Family practice. What are you looking at, a hundred and a half a year? ​Caller: $180,00] starting. ​Dave Ramsey: Why does it take eight years if you're making $180,000? You could live on $80,000, put $100,000 on it, and be done in five years. ​Caller: After taxes and tithing, I'm down to $110,000. We plan to put about $85,000 a year toward it, leaving $20,000 to $30,000 to live off of. With the interest rate, it will take about eight years. ​Dave Ramsey: Your income doesn't go up in your scenario? ​Caller: That is building in a 5% raise every year. ​Dave Ramsey: I think you'll get more raises than that. Can you work ER on the weekends? ​Caller: The place I'm signed with won't let me work other jobs so I don't come in tired. But they said they can put me to work as much as I need. ​Dave Ramsey: You could pick up another $100,000 a year working ER on the weekends if you have the stamina. I want to increase the size of your shovel. I'm not going to accept the eight years; I'm going with a four or five-year plan. And yes, I am going to delay retirement because this is a vast problem.

Traeyz ♠️

1,928,294 görüntüleme • 2 ay önce

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Caller: I am 35, married with a kid and a second on the way. I have $1.8 million in debt total. ​Dave Ramsey: Good Lord. ​Caller: I live in Montreal, which is the third most expensive city in Canada, and I work as a nurse, which is the cheapest paid in the whole of Canada. ​Dave Ramsey: What is the 1.8 million on? I hope it's just your real estate. ​Caller: I have a triplex which I owe about $680,000 on, and my family home which I owe $590,000 on. ​Dave Ramsey: What's the triplex worth? ​Caller: The triplex is worth about $850,000. I'm trying to get $950,000 on it, but I don't know if I should lower the price. ​Dave Ramsey: So you've got it up for sale. And what is your home worth? ​Caller: My home is worth about $750,000. ​Dave Ramsey: Okay, that's not all of it. ​Caller: No, it's not. I have two Hondas which I owe close to $70,000 on each. I have $350,000 of personal debt, and $35,000 of credit card and student loans. ​Dave Ramsey: What is your $350,000 of personal debt? ​Caller: It was loaned to me mostly by my cousin, both as a down payment for the house as well as to renovate the house and the triplex. ​Dave Ramsey: Wow. And what's your household income? ​Caller: Around $110,000 to $120,000 before tax. ​Dave Ramsey: You owe $70,000 each on two Hondas? ​Caller: Yes. ​Dave Ramsey: So they're not worth 70? ​Caller: No, they're fairly new, but they're electric. We got them because we would be saving $500 in gas per car. ​Dave Ramsey: Yeah, that makes a difference when you're $2 million in debt. That's a big deal. Not! How can we help, hon? ​Caller: I had my aha moment when I saw $22,000 going out in one month after doing a budget, and I don't know what exactly to do. I tried to get my wife on board. She says she'll get rid of everything besides the house and the cars. I cut out everything from potato chips to haircuts, literally anything I could to curb the expenses. I wish I could do more jobs a day, but my doctor says that because I'm bipolar, I need to have a healthy work-life balance. And my wife is going on maternity leave in 12 weeks. ​Rachel Cruze: How much of her salary is the 120? ​Caller: She makes about $66,000. ​Rachel Cruze: So half of it. Is that paid maternity leave? ​Caller: She gets 70% paid. ​Rachel Cruze: For how long? ​Caller: For a year. ​Rachel Cruze: And how much are these car payments a month? ​Caller: Just under 750 each. ​Dave Ramsey: I think we need to have a different discussion at your kitchen table. It's not like, "what will she go along with?" She's one of the adults here too. The two of you need to sit down, look at this and go, "In 10 years, where do we want to be?" I'm collapsing under the weight of this. This is killing me, and it's aggravating your bipolar because your stress level is through the roof. It's not a matter of keeping a princess happy. The princess gets to grow up and be a woman.

Traeyz ♠️

1,771,077 görüntüleme • 2 ay önce

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Caller: I have a gambling addiction. I haven’t filed taxes in five years. About five years ago, I had $200,000 in gambling winnings. After that, I haven’t filed anything. ​Dave Ramsey: Do you still have a career? ​Caller: I'm retired. ​Dave Ramsey: Okay. Do you have any money? Anything? ​Caller: I've got almost $10,000 in my savings account. ​Dave Ramsey: But you don't have a nest egg other than your pension. ​Caller: No. ​Dave Ramsey: Do you own a home? ​Caller: Yes. About $13,000 is remaining on the mortgage. ​Dave Ramsey: What is it worth? ​Caller: About $300,000. ​Dave Ramsey: And how much is your pension income? ​Caller: $95,000 a year. ​Dave Ramsey: That's good. Are you married? ​Caller: No. ​Dave Ramsey: Have you done something about the gambling addiction itself? Have you quit gambling? ​Caller: I have not. ​Dave Ramsey: Okay. So whatever we do is going to be a temporary fix because that is going to cause further problems. Agreed? ​Caller: Yes, absolutely. ​Dave Ramsey: What kind of gambling are you doing? ​Caller: Slot machines. ​Dave Ramsey: Are you lonely? ​Caller: Yeah. I've been single for quite a while. ​Dave Ramsey: How old are you? Caller: 61. Dave Ramsey: From working with people addicted to anything, I know that 100% of addicts eventually have financial problems. The addiction consumes every department of your life, including your financials. ​I can help you with the money parts of it, but it is a temporary fix until you deal with this. It's not bringing you joy. If you were my buddy sitting down over a cup of coffee, here is what I would tell you to do: Step 1: Get in touch with the Gamblers Anonymous folks in your area. ​Step 2: Find a good local church and start developing a personal relationship with a pastor who can walk with you. ​Step 3: Find a one-on-one professional counselor to help dig into what is really going on so you can get to the other side of this.

Traeyz ♠️

1,051,570 görüntüleme • 2 ay önce

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Caller: I am 61, I have zero retirement savings and only a $1,000 emergency fund. I am currently in Baby Step 2 trying to pay off debt, but my company offers a 4% 401k match. Given my age and lack of savings, should I pause the debt payoff to take advantage of the company match? Dave Ramsey: So you're 61 and have no money. ​Caller: None. ​Dave Ramsey: What do you make? ​Caller: I bring home roughly $67,000. ​Dave Ramsey: What is your debt? ​Caller: A little over $69,000. ​Dave Ramsey: On what? ​Caller: Student loan $11,000, I have a car loan of $18,000, I have a personal loan of $12,000, and then another personal loan of $26,000 on a tractor. Dave Ramsey: Why do you have a tractor? ​Caller: Well, we're country folks and... ​Dave Ramsey: Oh, "we." Where's your husband? ​Caller: My husband is 75, he's drawing Social Security, he is basically disabled. I guess you could say he has COPD and emphysema, he's had three back surgeries. ​Dave Ramsey: So he don't need to be on a tractor. ​Caller: No, I use the tractor. ​Dave Ramsey: Not anymore. Broke people don't have $26,000 tractors. Caller: Well, I have tried everything I can to try and sell this thing, other than just letting it go back and letting them sell it for whatever they can sell it for and paying the difference. ​Dave Ramsey: No, you haven't. Tractors are selling right now. What's, what kind of tractor is this? ​Caller: It's a Kubota... ​Dave Ramsey: That tractor will sell. Dave Ramsey: I would go to the credit union and borrow the $5,000 worth of difference and get this tractor sold, and you need to sell your car too. You guys are in emergency mode, girl. Caller: Well, this was two years ago before I discovered this past March. Dave Ramsey: Okay. What is your land worth? What's your land worth? ​Caller: Probably about three or four thousand. ​Dave Ramsey: Your land is worth $3,000? Caller: Yeah, we bought it back in '92. Dave Ramsey: You have a $26,000 tractor for a $4,000 piece of land. ​Caller: Well, we hunt and I use it to clear deer leases and our hunting area and food plots. Yeah, I told you I was a country girl. Dave Ramsey: Yeah, and you're starting to look up and go, "I need something to eat other than Social In-Security when I get to 66 or 67." So, yeah, if I'm in your mode, I am so scared, I'm going crazy, and I'm selling tractor, I'm selling car, I'm going to get a $2,000 car, I'm going to work like a crazy person.

Traeyz ♠️

789,607 görüntüleme • 2 ay önce