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A 20-year-old active-duty soldier called Dave Ramsey after finding out his 23-year-old wife is pregnant: Caller: "My wife has $177,000 in student loan debt. We're trying to figure out how to attack it." Dave Ramsey: "Is she a doctor or a lawyer?" Caller: "No... she’s a freelance nanny. She...

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60,190 просмотров • 20 дней назад •via X (Twitter)

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Caller: “I got married a few months ago, and a few weeks ago we found out my wife is pregnant. We have a bit of a debt problem. She has about $177,000 in student loan debt, and I was wondering how we should attack that.” Dave Ramsey: “Is she a doctor or a lawyer?” Caller: “I wish I could say either one, but she’s a freelance nanny. She actually never finished college.” Rachel: “Private school?” Caller: “It was a Division I state school.” Rachel: “So, out of state?” Caller: “Yeah, and this is a bad situation.” Dave Ramsey: “It is a dumb situation. Wow. How close did she come to finishing?” Caller: “She had a little bit left. It got to the point where we couldn’t afford to keep going.” Dave Ramsey: “What do you make?” Caller: “I make about $54,000 a year, and she makes about $36,000. I have about $35,470 in a mutual fund that basically mimics the S&P 500, and I also have just under $30,000 in a money market account.” Dave Ramsey: “How old are you guys?” Caller: “I’m 20, and she’s 23.” Dave Ramsey: “And you graduated from college as well?” Caller: “I’m about 65% through mine. I’m doing it online while serving in the Army.” Dave Ramsey: “Your $54,000 income is from your military service, and she makes $36,000 as a nanny. You have about $65,000 lying around between the money market and the mutual fund. I would continue to stack cash until the baby comes.” “When the baby arrives and everyone is healthy, I have some bad news: your wife is not going to be a stay-at-home mom. She’s going to be working. She signed up for $175,000 worth of debt, and she’s going to be working for a while, so we need to get used to that idea.” “When you have your first baby, there’s usually a tremendous desire to stay home with the child unless someone has a very strong professional calling. You guys need about $85,000. So let’s pretend you save another $10,000. That gives you $75,000 in cash.” “When the baby comes home healthy from the hospital, and mom is healthy and ready to return to work, you write a check for $75,000 and put it toward the student loan. Then you keep $1,000 in your account and attack the remaining $100,000 with a vengeance. Work extra, do everything you can, and sell everything in sight.” Rachel: “The good thing is that, because of what she does, she may be able to watch her own baby along with the children she cares for.”
4:13

Caller: “I got married a few months ago, and a few weeks ago we found out my wife is pregnant. We have a bit of a debt problem. She has about $177,000 in student loan debt, and I was wondering how we should attack that.” Dave Ramsey: “Is she a doctor or a lawyer?” Caller: “I wish I could say either one, but she’s a freelance nanny. She actually never finished college.” Rachel: “Private school?” Caller: “It was a Division I state school.” Rachel: “So, out of state?” Caller: “Yeah, and this is a bad situation.” Dave Ramsey: “It is a dumb situation. Wow. How close did she come to finishing?” Caller: “She had a little bit left. It got to the point where we couldn’t afford to keep going.” Dave Ramsey: “What do you make?” Caller: “I make about $54,000 a year, and she makes about $36,000. I have about $35,470 in a mutual fund that basically mimics the S&P 500, and I also have just under $30,000 in a money market account.” Dave Ramsey: “How old are you guys?” Caller: “I’m 20, and she’s 23.” Dave Ramsey: “And you graduated from college as well?” Caller: “I’m about 65% through mine. I’m doing it online while serving in the Army.” Dave Ramsey: “Your $54,000 income is from your military service, and she makes $36,000 as a nanny. You have about $65,000 lying around between the money market and the mutual fund. I would continue to stack cash until the baby comes.” “When the baby arrives and everyone is healthy, I have some bad news: your wife is not going to be a stay-at-home mom. She’s going to be working. She signed up for $175,000 worth of debt, and she’s going to be working for a while, so we need to get used to that idea.” “When you have your first baby, there’s usually a tremendous desire to stay home with the child unless someone has a very strong professional calling. You guys need about $85,000. So let’s pretend you save another $10,000. That gives you $75,000 in cash.” “When the baby comes home healthy from the hospital, and mom is healthy and ready to return to work, you write a check for $75,000 and put it toward the student loan. Then you keep $1,000 in your account and attack the remaining $100,000 with a vengeance. Work extra, do everything you can, and sell everything in sight.” Rachel: “The good thing is that, because of what she does, she may be able to watch her own baby along with the children she cares for.”

𝓢𝓵𝓪𝓶 👁️⃤

313,216 просмотров • 1 месяц назад

An 85-year-old widow ran up $45,000 in credit card debt. She only has her Social Security check left. Now, her kid is asking Dave Ramsey who has to pay the banks back. Caller: “My mother has accumulated $45,000 over five different credit cards... she doesn't have any income besides Social Security.” Dave Ramsey: “Who issued this 85-year-old broke widow credit cards?” Caller: “She has AMEX. She has Citibank.” Dave Ramsey: “So Citibank and AMEX screwed an 85-year-old widow... they issued her a card at a high interest rate and she has no income.” Caller: “Correct.” Dave Ramsey: “If someone passes away and they have zero assets, their debts simply don't get paid. Debts are not inherited in the United States. It's impossible.” Dave Ramsey: “She's what we call judgment proof. Sue away. They got what's coming to them.”
4:51

An 85-year-old widow ran up $45,000 in credit card debt. She only has her Social Security check left. Now, her kid is asking Dave Ramsey who has to pay the banks back. Caller: “My mother has accumulated $45,000 over five different credit cards... she doesn't have any income besides Social Security.” Dave Ramsey: “Who issued this 85-year-old broke widow credit cards?” Caller: “She has AMEX. She has Citibank.” Dave Ramsey: “So Citibank and AMEX screwed an 85-year-old widow... they issued her a card at a high interest rate and she has no income.” Caller: “Correct.” Dave Ramsey: “If someone passes away and they have zero assets, their debts simply don't get paid. Debts are not inherited in the United States. It's impossible.” Dave Ramsey: “She's what we call judgment proof. Sue away. They got what's coming to them.”

Voss ×͜×

20,182 просмотров • 28 дней назад

31-year-old caller, is caught in a tight spot. He’s working on his parents' ranch, earning $30,000 a year, and trying hard to pay off his debt. Yet his parents earn over a million a year which leaves Ramsey in shock. Dave Ramsey: Um... what do they make? Bill: Oh gosh, I don't know, haha. Dave Ramsey: You have a business degree, yes you do. Bill: Yeah, you know... Dave Ramsey: Haha. Bill: I would say over a million a year. Co-host: So, I'm going to say this, and it's not going to be pretty, but I'm getting frustrated. Your parents are taking advantage of you. Dave Ramsey: This is strange. Co-host: It's not cool. It's disrespectful. Bill: Yeah, y'all sound like my wife.
3:27

31-year-old caller, is caught in a tight spot. He’s working on his parents' ranch, earning $30,000 a year, and trying hard to pay off his debt. Yet his parents earn over a million a year which leaves Ramsey in shock. Dave Ramsey: Um... what do they make? Bill: Oh gosh, I don't know, haha. Dave Ramsey: You have a business degree, yes you do. Bill: Yeah, you know... Dave Ramsey: Haha. Bill: I would say over a million a year. Co-host: So, I'm going to say this, and it's not going to be pretty, but I'm getting frustrated. Your parents are taking advantage of you. Dave Ramsey: This is strange. Co-host: It's not cool. It's disrespectful. Bill: Yeah, y'all sound like my wife.

Nuelcrypt

178,992 просмотров • 1 месяц назад

Caller: I'm $451,000 in total debt. $252,000 of that is student loans, and I have 185 in a home loan. I only bring in $70,000 a year. After pension and all that stuff taken out, it's more like $40,000. I just don't know where to start. ​Dave Ramsey: What do you do for a living? ​Caller: Law enforcement. ​Dave Ramsey: How do you get $252,000 in student loan debt to be a policeman? ​Caller: I went to a private institution because my mother wanted me to go there. I went there originally for finance, didn't do good, so I switched my major to criminal justice, and then eventually went on for a master's as well, which didn't really help my employment eligibility as much as I thought it would. ​Dave Ramsey: Is your mother wealthy? ​Caller: No, neither my mother nor my father. I'm the first in my family to go to college. ​Dave Ramsey: Mathematically, we always look at the ratio of shovel to hole. The amount of hole you're in versus the shovel you have, your debt to your income. Are you married? ​Caller: No, I have a girlfriend who lives with me, and her daughter as well. ​Dave Ramsey: What is this house worth? ​Caller: I actually just purchased it off of a whim. My father passed away and it was the last conversation we had. It was across the street from his house, and he really wanted me to get it, so I jumped in with both feet to honor him. ​Dave Ramsey: So you didn't put anything down, so the house is worth $185,000? ​Caller: Yeah. ​Dave Ramsey: How old are you? ​Caller: I'm 31. ​Dave Ramsey: When are you planning on marrying this girl? ​Caller: She's currently in school to finish up for nurse practitioner. Sometime after that, hopefully after January. ​Dave Ramsey: Does she have student loan debt? ​Caller: She does. ​Dave Ramsey: How much? ​Caller: I'm not sure because she's not really on board with all this. I've tried to bring this up to her when listening to your show recently, and her thing is, "I'm too busy with school and don't want to worry about that right now." ​Dave Ramsey: I think you're the voice of experience that says it's a good idea to worry about it, otherwise you end up up a creek, which is where you are right now, and your paddle is real small. ​You told me in a five-minute conversation of two really stupid financial decisions you made from the influence of your mother and your father. You bought things you couldn't afford with money you didn't have, because of their influence. ​At 31 years old, you're going to have to decide to love your parents but no longer be influenced to do financial decisions based on their opinion, or even your perceived opinion of what your father would have thought. You cannot please these people anymore. They are breaking you. You make $70,000 a year and you're so far in debt you can't breathe. ​Buying a house you can't afford, going to a school you shouldn't have gone to and paying twice or three times as much for an education that you didn't even need to do the job you do. Am I wrong? ​Caller: Right. No, not at all. ​Dave Ramsey: Number one, that influence has to stop. Number two, you can't afford this house as a single guy making $70,000 a year.
4:53

Caller: I'm $451,000 in total debt. $252,000 of that is student loans, and I have 185 in a home loan. I only bring in $70,000 a year. After pension and all that stuff taken out, it's more like $40,000. I just don't know where to start. ​Dave Ramsey: What do you do for a living? ​Caller: Law enforcement. ​Dave Ramsey: How do you get $252,000 in student loan debt to be a policeman? ​Caller: I went to a private institution because my mother wanted me to go there. I went there originally for finance, didn't do good, so I switched my major to criminal justice, and then eventually went on for a master's as well, which didn't really help my employment eligibility as much as I thought it would. ​Dave Ramsey: Is your mother wealthy? ​Caller: No, neither my mother nor my father. I'm the first in my family to go to college. ​Dave Ramsey: Mathematically, we always look at the ratio of shovel to hole. The amount of hole you're in versus the shovel you have, your debt to your income. Are you married? ​Caller: No, I have a girlfriend who lives with me, and her daughter as well. ​Dave Ramsey: What is this house worth? ​Caller: I actually just purchased it off of a whim. My father passed away and it was the last conversation we had. It was across the street from his house, and he really wanted me to get it, so I jumped in with both feet to honor him. ​Dave Ramsey: So you didn't put anything down, so the house is worth $185,000? ​Caller: Yeah. ​Dave Ramsey: How old are you? ​Caller: I'm 31. ​Dave Ramsey: When are you planning on marrying this girl? ​Caller: She's currently in school to finish up for nurse practitioner. Sometime after that, hopefully after January. ​Dave Ramsey: Does she have student loan debt? ​Caller: She does. ​Dave Ramsey: How much? ​Caller: I'm not sure because she's not really on board with all this. I've tried to bring this up to her when listening to your show recently, and her thing is, "I'm too busy with school and don't want to worry about that right now." ​Dave Ramsey: I think you're the voice of experience that says it's a good idea to worry about it, otherwise you end up up a creek, which is where you are right now, and your paddle is real small. ​You told me in a five-minute conversation of two really stupid financial decisions you made from the influence of your mother and your father. You bought things you couldn't afford with money you didn't have, because of their influence. ​At 31 years old, you're going to have to decide to love your parents but no longer be influenced to do financial decisions based on their opinion, or even your perceived opinion of what your father would have thought. You cannot please these people anymore. They are breaking you. You make $70,000 a year and you're so far in debt you can't breathe. ​Buying a house you can't afford, going to a school you shouldn't have gone to and paying twice or three times as much for an education that you didn't even need to do the job you do. Am I wrong? ​Caller: Right. No, not at all. ​Dave Ramsey: Number one, that influence has to stop. Number two, you can't afford this house as a single guy making $70,000 a year.

Traeyz ♠️

31,663 просмотров • 1 месяц назад

Caller: “Should I allow my 25-year-old daughter to use money that was intended for college to pay off her credit card debt?” Dave Ramsey: “How much credit card debt is this?” Caller: “She has about $8,000 in credit card debt and $3,000 in a student loan that she never took any classes for. The college fund is $130,000, and it is in her name.” Dave Ramsey: “There are two sides to this equation right now. There’s the side where there’s a concerned mom who doesn’t want her daughter to blow $130,000 and look back and regret it. There’s another side: If she figures out that money is there, and you don’t give it to her instantly, she’s going to sue your butt and win.” Dave Ramsey: “This is not your money. You don’t legally have control of it anymore. You’re just trying to do a little smoke and mirrors here to keep your hands off of it.” “If you clean up the $8,000 with this fund, she may just rack up another $8,000. There were no lessons learned here.”
4:20

Caller: “Should I allow my 25-year-old daughter to use money that was intended for college to pay off her credit card debt?” Dave Ramsey: “How much credit card debt is this?” Caller: “She has about $8,000 in credit card debt and $3,000 in a student loan that she never took any classes for. The college fund is $130,000, and it is in her name.” Dave Ramsey: “There are two sides to this equation right now. There’s the side where there’s a concerned mom who doesn’t want her daughter to blow $130,000 and look back and regret it. There’s another side: If she figures out that money is there, and you don’t give it to her instantly, she’s going to sue your butt and win.” Dave Ramsey: “This is not your money. You don’t legally have control of it anymore. You’re just trying to do a little smoke and mirrors here to keep your hands off of it.” “If you clean up the $8,000 with this fund, she may just rack up another $8,000. There were no lessons learned here.”

HENRY

990,073 просмотров • 1 месяц назад

A woman asked Dave Ramsey if she should split her inheritance with the sister their mother left out of the will Caller: I have an inheritance, and my sister was left out of the will. Dave Ramsey: Whoa… why? Caller: I think there’s been conflict along the years that never got resolved. My mom was very strong-willed, and she just had enough. Dave Ramsey: So your mom was not in a relationship with your sister, and chose not to leave her anything as a result? Caller: Exactly. Dave Ramsey: Well, that sounds reasonable. Caller: Oh wow, okay. Dave Ramsey: Why would your mom leave something to somebody that doesn’t speak to her? Caller: She said, “Are you going to split this with me? I just want to know. Because if you’re not, that means you agree with Mom.” George Kamel: We’re not taking that guilt trip. No, thank you. That’s on her. Dave Ramsey: You not giving her money is not cutting the relationship off. She is choosing to cut the relationship off. Caller: Oh, that makes sense. Dave Ramsey: You didn’t choose. She chose. I’m sorry, it hurts, though. Dave Ramsey: She’s not really interested in a relationship with you. She’s just interested in money. Am I wrong? Caller: You’re spot on. Dave Ramsey: It still hurts because it’s your sister. But you didn’t cause any of it.
4:43

A woman asked Dave Ramsey if she should split her inheritance with the sister their mother left out of the will Caller: I have an inheritance, and my sister was left out of the will. Dave Ramsey: Whoa… why? Caller: I think there’s been conflict along the years that never got resolved. My mom was very strong-willed, and she just had enough. Dave Ramsey: So your mom was not in a relationship with your sister, and chose not to leave her anything as a result? Caller: Exactly. Dave Ramsey: Well, that sounds reasonable. Caller: Oh wow, okay. Dave Ramsey: Why would your mom leave something to somebody that doesn’t speak to her? Caller: She said, “Are you going to split this with me? I just want to know. Because if you’re not, that means you agree with Mom.” George Kamel: We’re not taking that guilt trip. No, thank you. That’s on her. Dave Ramsey: You not giving her money is not cutting the relationship off. She is choosing to cut the relationship off. Caller: Oh, that makes sense. Dave Ramsey: You didn’t choose. She chose. I’m sorry, it hurts, though. Dave Ramsey: She’s not really interested in a relationship with you. She’s just interested in money. Am I wrong? Caller: You’re spot on. Dave Ramsey: It still hurts because it’s your sister. But you didn’t cause any of it.

‏ً

77,643 просмотров • 15 дней назад

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.
4:51

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 ♠️

1,928,012 просмотров • 1 месяц назад

Caller: “My mother is 85 years old and she owes debts on her credit card worth $45,000 Who is liable for her unpaid credit card debt?” Dave Ramsey: “Only she is” Jade Warshaw: “unless you’re a co-signer.” Caller: “She accumulated the $45,000 across five different credit cards. I only found out after my father passed away in July while going through his paperwork.” Dave Ramsey: “Does she have any income besides Social Security?” Caller: “No, just Social Security. She’s already received three letters from debt collectors, and one of them has gone further, they sued her, and the case is now in court over the balance.” Dave Ramsey: “Does she own a home?” Caller: “No. The home was transferred out of her name in 2006.” Dave Ramsey: “And she ran up the credit card debt after that, Does she have any other assets? Does she own any vehicles?” Caller: “yes. She doesn’t own anything, not even a car. She’s never driven.” Dave Ramsey: “Who issued the cards?” Caller: “She has an American Express card, a Citi Mastercard, and a Citi Visa.” Dave Ramsey: “So American Express and Citi issued credit cards to an 85 year old widow with no income other than Social Security?” Caller: “Yes. They approved her for the cards at high interest rates even though Social Security is her only income. I haven’t even tried reaching out to the credit card companies.” Dave Ramsey: “I wouldn’t worry about that. She doesn’t have any money to give them anyway.” “I would explain to her that if she ever borrows money again, knowing she has no ability to repay it, that would be stealing. She has to stop borrowing not just for financial reasons, but on a moral basis.” “If someone dies with no assets, their debts generally go unpaid they aren’t passed on to family members. If there are assets, they’re used to pay debts before any inheritance is distributed. Since she owns nothing and her only income is Social Security, there’s nothing for creditors to collect, and Social Security benefits generally can’t be garnished. In her situation, she’s considered judgment-proof.” “I’m under no moral obligation to these companies. They chose to lend money to an 85 year old widow whose only income is Social Security. They took that risk so they are getting nothing”
4:34

Caller: “My mother is 85 years old and she owes debts on her credit card worth $45,000 Who is liable for her unpaid credit card debt?” Dave Ramsey: “Only she is” Jade Warshaw: “unless you’re a co-signer.” Caller: “She accumulated the $45,000 across five different credit cards. I only found out after my father passed away in July while going through his paperwork.” Dave Ramsey: “Does she have any income besides Social Security?” Caller: “No, just Social Security. She’s already received three letters from debt collectors, and one of them has gone further, they sued her, and the case is now in court over the balance.” Dave Ramsey: “Does she own a home?” Caller: “No. The home was transferred out of her name in 2006.” Dave Ramsey: “And she ran up the credit card debt after that, Does she have any other assets? Does she own any vehicles?” Caller: “yes. She doesn’t own anything, not even a car. She’s never driven.” Dave Ramsey: “Who issued the cards?” Caller: “She has an American Express card, a Citi Mastercard, and a Citi Visa.” Dave Ramsey: “So American Express and Citi issued credit cards to an 85 year old widow with no income other than Social Security?” Caller: “Yes. They approved her for the cards at high interest rates even though Social Security is her only income. I haven’t even tried reaching out to the credit card companies.” Dave Ramsey: “I wouldn’t worry about that. She doesn’t have any money to give them anyway.” “I would explain to her that if she ever borrows money again, knowing she has no ability to repay it, that would be stealing. She has to stop borrowing not just for financial reasons, but on a moral basis.” “If someone dies with no assets, their debts generally go unpaid they aren’t passed on to family members. If there are assets, they’re used to pay debts before any inheritance is distributed. Since she owns nothing and her only income is Social Security, there’s nothing for creditors to collect, and Social Security benefits generally can’t be garnished. In her situation, she’s considered judgment-proof.” “I’m under no moral obligation to these companies. They chose to lend money to an 85 year old widow whose only income is Social Security. They took that risk so they are getting nothing”

𝓢𝓵𝓪𝓶 👁️⃤

708,816 просмотров • 1 месяц назад

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.
4:30

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 ♠️

1,051,347 просмотров • 28 дней назад

Caller: I'm 38 years old, my wife's 34. Our take-home income is about $120,000 a year. And we've been working on paying off $57,000 in debt for the last 6 months or so. Caller: My wife, is 6 months pregnant, so I've just been kind of saving money since we found out. And come to find out, she racked up $50,000 in credit card debt that I wasn't aware of, and I'm terrified, and I don't know what to do. Jade Warshaw: In the last 6 months? ​Caller: No, this has actually been going on for longer than that. I think it got worse since she became pregnant buying baby stuff and, I don't know what all was going through her head, but I'm scared. Dave Ramsey: she knew, and you two were having conversations, that you're trying to pay off $57,000 in debt? ​Caller: Yes Dave Ramsey: Purposefully hiding it. That's like deception. Caller: Correct. ​Dave Ramsey: Yeah. "Terrified" is probably not the right word to describe your emotions. Jade Warshaw: Did she tell you about it, or you found out about it and confronted her? 'Cause that's a key thing here. Caller: Yeah. Confronted her. Dave Ramsey: The money is secondary. The primary thing and that's why people in my world call this "financial infidelity." Because it's a deep breach of trust. Sexual infidelity is a deep breach of trust. And, truthfully, for most people, this activates the same part in your brain or in your soul that sexual infidelity activates, because it's not sex, as much as it is a deep breach of trust. Caller: Right. ​Dave Ramsey: And so I'm telling you all that and I'm making a big deal about it, not to get her in trouble, but, I'm going to strongly suggest you guys see a marriage counselor.
4:20

Caller: I'm 38 years old, my wife's 34. Our take-home income is about $120,000 a year. And we've been working on paying off $57,000 in debt for the last 6 months or so. Caller: My wife, is 6 months pregnant, so I've just been kind of saving money since we found out. And come to find out, she racked up $50,000 in credit card debt that I wasn't aware of, and I'm terrified, and I don't know what to do. Jade Warshaw: In the last 6 months? ​Caller: No, this has actually been going on for longer than that. I think it got worse since she became pregnant buying baby stuff and, I don't know what all was going through her head, but I'm scared. Dave Ramsey: she knew, and you two were having conversations, that you're trying to pay off $57,000 in debt? ​Caller: Yes Dave Ramsey: Purposefully hiding it. That's like deception. Caller: Correct. ​Dave Ramsey: Yeah. "Terrified" is probably not the right word to describe your emotions. Jade Warshaw: Did she tell you about it, or you found out about it and confronted her? 'Cause that's a key thing here. Caller: Yeah. Confronted her. Dave Ramsey: The money is secondary. The primary thing and that's why people in my world call this "financial infidelity." Because it's a deep breach of trust. Sexual infidelity is a deep breach of trust. And, truthfully, for most people, this activates the same part in your brain or in your soul that sexual infidelity activates, because it's not sex, as much as it is a deep breach of trust. Caller: Right. ​Dave Ramsey: And so I'm telling you all that and I'm making a big deal about it, not to get her in trouble, but, I'm going to strongly suggest you guys see a marriage counselor.

Traeyz ♠️

32,731 просмотров • 1 месяц назад

Caller: I just recently graduated from residency to become an orthodontist. And I have student loans that total just over $1 million. ​Dave Ramsey: You're kidding. ​Caller: No, sir. ​Dave Ramsey: What were you thinking? ​Caller: Well, I wasn't thinking, clearly. So I sat down and calculated my interest rates, and my interest is about $5,800 a month. My fiancé and I are trying to decide what's the best way to try to attack this. This first year, if we're able to pay $10,000 a month, I guess there's basically two ways that we thought of it. I can do income-based, and my required payment will be about $3,000, and then we can take the remaining $7,000 and pay it directly at individual loans. Or should we cover the interest and then pay additional moneys towards other loans? ​Dave Ramsey: Okay. What will you be making as an orthodontist? ​Caller: About $250,000. ​Dave Ramsey: What does your fiancé do, and what will she be making? ​Caller: We actually just opened up an office, and she works in the office, so she's not taking any income out of the office. ​Dave Ramsey: Okay. So if you make $250,000 a year, why are you only putting $120,000 on your debt? Caller: The $250,000 I calculated pre-tax and everything else. We're going to put as much as we possibly can on the debt. And in the years to come as the income goes up, we're hoping to be able to make payments of $20,000-$40,000 a month. Dave Ramsey: Okay. I think the income-based option does not do away with interest, and so interest is going to be accruing greater than you're putting in. So you're not making any mathematical progress by doing the 3 and 7 idea, but you will make emotional progress because you'll be able to knock off some of the smaller ones. ​Caller: Right. ​Dave Ramsey: And God knows you're going to need some emotional progress in this process. And then the only other commentary I would just add is that, this is such an extreme situation. Your income is extreme, and your debt is extreme, that you have to be very, very careful to just act like you're a broke college student because you are a broke orthodontist. Caller: Right. ​Dave Ramsey: And so, that means you guys aren't going on vacations, you're not buying a house, you're not leasing a new BMW, you're not going to a restaurant. You have a $1,000,000 student loan debt. It gives me an anxiety attack, and it's not even my debt, but the horrible news is that ridiculous figure. The wonderful news is you have great income potential and a great income right now. So, you cannot relax. Caller: Right. ​Dave Ramsey: You have to cut as deeply as you can cut. ​Caller: Right. ​Dave Ramsey: And so, be dialing your taxes in. I don't want you to get behind on taxes. But other than taxes, and food, and water, and electricity, I really want everything else just going on student loan debt.
4:36

Caller: I just recently graduated from residency to become an orthodontist. And I have student loans that total just over $1 million. ​Dave Ramsey: You're kidding. ​Caller: No, sir. ​Dave Ramsey: What were you thinking? ​Caller: Well, I wasn't thinking, clearly. So I sat down and calculated my interest rates, and my interest is about $5,800 a month. My fiancé and I are trying to decide what's the best way to try to attack this. This first year, if we're able to pay $10,000 a month, I guess there's basically two ways that we thought of it. I can do income-based, and my required payment will be about $3,000, and then we can take the remaining $7,000 and pay it directly at individual loans. Or should we cover the interest and then pay additional moneys towards other loans? ​Dave Ramsey: Okay. What will you be making as an orthodontist? ​Caller: About $250,000. ​Dave Ramsey: What does your fiancé do, and what will she be making? ​Caller: We actually just opened up an office, and she works in the office, so she's not taking any income out of the office. ​Dave Ramsey: Okay. So if you make $250,000 a year, why are you only putting $120,000 on your debt? Caller: The $250,000 I calculated pre-tax and everything else. We're going to put as much as we possibly can on the debt. And in the years to come as the income goes up, we're hoping to be able to make payments of $20,000-$40,000 a month. Dave Ramsey: Okay. I think the income-based option does not do away with interest, and so interest is going to be accruing greater than you're putting in. So you're not making any mathematical progress by doing the 3 and 7 idea, but you will make emotional progress because you'll be able to knock off some of the smaller ones. ​Caller: Right. ​Dave Ramsey: And God knows you're going to need some emotional progress in this process. And then the only other commentary I would just add is that, this is such an extreme situation. Your income is extreme, and your debt is extreme, that you have to be very, very careful to just act like you're a broke college student because you are a broke orthodontist. Caller: Right. ​Dave Ramsey: And so, that means you guys aren't going on vacations, you're not buying a house, you're not leasing a new BMW, you're not going to a restaurant. You have a $1,000,000 student loan debt. It gives me an anxiety attack, and it's not even my debt, but the horrible news is that ridiculous figure. The wonderful news is you have great income potential and a great income right now. So, you cannot relax. Caller: Right. ​Dave Ramsey: You have to cut as deeply as you can cut. ​Caller: Right. ​Dave Ramsey: And so, be dialing your taxes in. I don't want you to get behind on taxes. But other than taxes, and food, and water, and electricity, I really want everything else just going on student loan debt.

Traeyz ♠️

72,785 просмотров • 1 месяц назад

Caller: I won $22 million in the lottery. Dave Ramsey: Who knows about it? Caller: My wife and one sibling. That's it. Dave Ramsey: Not even your kids? Caller: No. I don't want them growing up as waiters. Dave Ramsey: Waiters? Caller: Waiting for me to die so they can inherit the money. I want them to build something of their own first. Figure out who they are. Find their purpose. Create their own success. Dave Ramsey: So you'll tell them eventually? Caller: Absolutely. Just not yet. I'd rather they know how to earn money before they know how much money I have. Dave Ramsey: That's wisdom. A sudden fortune can change a family. Sometimes protecting your children means protecting them from the money itself.
2:39

Caller: I won $22 million in the lottery. Dave Ramsey: Who knows about it? Caller: My wife and one sibling. That's it. Dave Ramsey: Not even your kids? Caller: No. I don't want them growing up as waiters. Dave Ramsey: Waiters? Caller: Waiting for me to die so they can inherit the money. I want them to build something of their own first. Figure out who they are. Find their purpose. Create their own success. Dave Ramsey: So you'll tell them eventually? Caller: Absolutely. Just not yet. I'd rather they know how to earn money before they know how much money I have. Dave Ramsey: That's wisdom. A sudden fortune can change a family. Sometimes protecting your children means protecting them from the money itself.

RealGold⚜️

248,104 просмотров • 1 месяц назад

Caller: “My daughters just graduated college. We used student loans to get them through. We’ve got about $180K left on our mortgage, and I’ve got a brokerage account with about $200K in it. My wife and I are thinking… should we just cash it out, clear the $125K student loans, and put the rest toward the mortgage?” Dave Ramsey: “How much student loan debt are we talking?” Caller: “About $125K total, between two kids.” Dave Ramsey: “And you’ve got $200K sitting in the brokerage account?” Caller: “Yes.” Dave Ramsey: “Yeah… I’d liquidate that today.” Dave Ramsey: “You don’t have $200K invested while carrying $125K in debt. That doesn’t make sense.” Caller: “So you’d pay it all off?” Dave Ramsey: “Absolutely. You’d be debt-free except the house.” Dave Ramsey: “Then you rebuild properly. Emergency fund first, then attack the mortgage. But you don’t keep borrowing money at one rate while trying to invest at another. That spread you think you’re making… it’s not worth the risk.”
3:22

Caller: “My daughters just graduated college. We used student loans to get them through. We’ve got about $180K left on our mortgage, and I’ve got a brokerage account with about $200K in it. My wife and I are thinking… should we just cash it out, clear the $125K student loans, and put the rest toward the mortgage?” Dave Ramsey: “How much student loan debt are we talking?” Caller: “About $125K total, between two kids.” Dave Ramsey: “And you’ve got $200K sitting in the brokerage account?” Caller: “Yes.” Dave Ramsey: “Yeah… I’d liquidate that today.” Dave Ramsey: “You don’t have $200K invested while carrying $125K in debt. That doesn’t make sense.” Caller: “So you’d pay it all off?” Dave Ramsey: “Absolutely. You’d be debt-free except the house.” Dave Ramsey: “Then you rebuild properly. Emergency fund first, then attack the mortgage. But you don’t keep borrowing money at one rate while trying to invest at another. That spread you think you’re making… it’s not worth the risk.”

KΞRL_✂️

559,315 просмотров • 2 месяцев назад

Caller: “I’m thinking about filing for bankruptcy.” Dave Ramsey: “Okay… that’s a serious step. What’s going on?” Caller: “My wife and I bring home about $7,700 a month, but she’s talking about separating. If I’m on my own, I’m down to about $3,850 a month and I’m basically underwater every month.” Dave Ramsey: “So the marriage is already under a lot of pressure.” Caller: “Yeah… there’s been a lot of resentment from how I’ve been over the last year and a half.” Dave Ramsey: “Were you present at home during that time?” Caller: “Not really. We’ve got a six-year-old daughter.” Dave Ramsey: “That matters. Because money stress is one of the biggest pressures in a marriage. When people say ‘you weren’t present,’ a lot of times what they really mean is ‘we were drowning financially.’” Caller: “That could be very possible.” Dave Ramsey: “So let’s talk numbers. What debt are we dealing with?” Caller: “About $75,000 total outside the house. Credit cards, an HVAC loan, and a few smaller balances. Most of it was from trying to keep things afloat and, honestly, some bad spending choices.” Dave Ramsey: “Okay. So this isn’t bankruptcy territory.” Caller: “It isn’t?” Dave Ramsey: “No. The math says you’re not broke. You’re just disorganized and under pressure.” “If you’ve got $7,700 coming in as a couple, this is fixable.” “But it only works if you stop hiding, stop guessing, and both of you decide to actually fight the problem together.” Caller: “We’ve never really been on the same page with the money.” Dave Ramsey: “Then that’s the real issue, not the debt.” “Because if you stay married and you work together, you could clean this up fairly quickly.” “But it’s going to require a full reset.” “No more credit cards. No more secret spending. Every dollar on a plan. Every expense visible. Both of you aware of what’s going on at all times.” “And yeah, it’s going to be tight for a while. But that’s how you get your life back on track.”
4:23

Caller: “I’m thinking about filing for bankruptcy.” Dave Ramsey: “Okay… that’s a serious step. What’s going on?” Caller: “My wife and I bring home about $7,700 a month, but she’s talking about separating. If I’m on my own, I’m down to about $3,850 a month and I’m basically underwater every month.” Dave Ramsey: “So the marriage is already under a lot of pressure.” Caller: “Yeah… there’s been a lot of resentment from how I’ve been over the last year and a half.” Dave Ramsey: “Were you present at home during that time?” Caller: “Not really. We’ve got a six-year-old daughter.” Dave Ramsey: “That matters. Because money stress is one of the biggest pressures in a marriage. When people say ‘you weren’t present,’ a lot of times what they really mean is ‘we were drowning financially.’” Caller: “That could be very possible.” Dave Ramsey: “So let’s talk numbers. What debt are we dealing with?” Caller: “About $75,000 total outside the house. Credit cards, an HVAC loan, and a few smaller balances. Most of it was from trying to keep things afloat and, honestly, some bad spending choices.” Dave Ramsey: “Okay. So this isn’t bankruptcy territory.” Caller: “It isn’t?” Dave Ramsey: “No. The math says you’re not broke. You’re just disorganized and under pressure.” “If you’ve got $7,700 coming in as a couple, this is fixable.” “But it only works if you stop hiding, stop guessing, and both of you decide to actually fight the problem together.” Caller: “We’ve never really been on the same page with the money.” Dave Ramsey: “Then that’s the real issue, not the debt.” “Because if you stay married and you work together, you could clean this up fairly quickly.” “But it’s going to require a full reset.” “No more credit cards. No more secret spending. Every dollar on a plan. Every expense visible. Both of you aware of what’s going on at all times.” “And yeah, it’s going to be tight for a while. But that’s how you get your life back on track.”

KΞRL_✂️

1,184,759 просмотров • 2 месяцев назад

Caller: My husband and I are in way over our heads. We are about $1.3 million in debt with two businesses, a house loan, a car loan, credit cards, and back taxes. ​Dave Ramsey: How old are you guys? How long have you been married? ​Caller: We're both 28, married six years. ​Dave Ramsey: How much do you owe on your home and what's it worth? ​Caller: We owe about $48,000, and it's worth about $250,000. ​Dave Ramsey: What do you owe on your cars and in taxes? ​Caller: Cars is $17,000, taxes is $30,000. ​Dave Ramsey: That means we have a whole bunch of business debt, like $1.2 million worth? On what? ​Caller: My husband was fired four years ago and couldn't find stable work. We started a summer camp in 2022 built with credit card debt. To make that stable, we bought another business's assets for the $1.2m. ​Dave Ramsey: The credit card debt totals how much? ​Caller: About $19,000, and $15,000 of that is from the summer camp. ​Dave Ramsey: You don't own the land on the camp, do you? What kind of income do you make on that? ​Caller: No, sir, we rent the ground. It makes about $200,000 a year. ​Dave Ramsey: And the business that you purchased, what was the assets? Who loaned you $1.2 million for that? ​Caller: It’s event rentals like staging, lights, audiovisual, and inflatables. The SBA loaned it to us. ​Jade Warshaw: Is the camp still operational? Is there a way you can add things for other seasons to earn more? ​Caller: Yes, we still do it every year. We've been trying to, but we've hit a point in the economy where people are trying not to spend as much on fun stuff or childcare. ​Dave Ramsey: Not really true, but being so overwhelmed, I can see how you could start to think that. Lots of people are still renting kid stuff all over the place. The economics at your house suck, and I'm so sorry, honey.
4:48

Caller: My husband and I are in way over our heads. We are about $1.3 million in debt with two businesses, a house loan, a car loan, credit cards, and back taxes. ​Dave Ramsey: How old are you guys? How long have you been married? ​Caller: We're both 28, married six years. ​Dave Ramsey: How much do you owe on your home and what's it worth? ​Caller: We owe about $48,000, and it's worth about $250,000. ​Dave Ramsey: What do you owe on your cars and in taxes? ​Caller: Cars is $17,000, taxes is $30,000. ​Dave Ramsey: That means we have a whole bunch of business debt, like $1.2 million worth? On what? ​Caller: My husband was fired four years ago and couldn't find stable work. We started a summer camp in 2022 built with credit card debt. To make that stable, we bought another business's assets for the $1.2m. ​Dave Ramsey: The credit card debt totals how much? ​Caller: About $19,000, and $15,000 of that is from the summer camp. ​Dave Ramsey: You don't own the land on the camp, do you? What kind of income do you make on that? ​Caller: No, sir, we rent the ground. It makes about $200,000 a year. ​Dave Ramsey: And the business that you purchased, what was the assets? Who loaned you $1.2 million for that? ​Caller: It’s event rentals like staging, lights, audiovisual, and inflatables. The SBA loaned it to us. ​Jade Warshaw: Is the camp still operational? Is there a way you can add things for other seasons to earn more? ​Caller: Yes, we still do it every year. We've been trying to, but we've hit a point in the economy where people are trying not to spend as much on fun stuff or childcare. ​Dave Ramsey: Not really true, but being so overwhelmed, I can see how you could start to think that. Lots of people are still renting kid stuff all over the place. The economics at your house suck, and I'm so sorry, honey.

Traeyz ♠️

144,180 просмотров • 1 месяц назад

Can anyone explain to me how any 18 year old is already over $500k in debt? She worked full time and did high school work online so she could get her diploma. After she graduated she bought her dream car, a Honda Crv for $50k, then with her boyfriend she was approved for a $500k loan for a house. Now she’s up to her eyeballs in debt and we are all trying to figure out what bank gives a 18 year old a loan for this amount. Should the banks be liable for this?
3:41

Can anyone explain to me how any 18 year old is already over $500k in debt? She worked full time and did high school work online so she could get her diploma. After she graduated she bought her dream car, a Honda Crv for $50k, then with her boyfriend she was approved for a $500k loan for a house. Now she’s up to her eyeballs in debt and we are all trying to figure out what bank gives a 18 year old a loan for this amount. Should the banks be liable for this?

SonnyBoy🇺🇸

1,749,098 просмотров • 5 месяцев назад

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.
4:04

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 просмотров • 1 месяц назад

Caller: “I’m a 38-year-old single mother with two children. I have about $90,000 in student loans, $9,000 in credit card debt, and I feel completely stuck financially.” “I’m considering taking a hardship withdrawal from my retirement account to buy a multifamily property and create extra income.” Dave Ramsey: “That’s not going to bring stability. It’s going to do the opposite.” “What do you make?” Caller: “Around $160,000 a year.” Dave Ramsey: “You make $160,000 and only have about $100,000 of non-mortgage debt. Why can’t you reduce it?” Caller: “There’s always an emergency. Last year I had a medical procedure that cost thousands.” Dave Ramsey: “How much is your rent?” Caller: “$1,800 a month.” Dave Ramsey: “And your car?” Caller: “A $600 lease and about $340 a month for insurance.” Dave Ramsey: “I’m not hearing numbers that explain why someone making $160,000 can’t make progress.” “I think what’s really going on is that divorce turned your world upside down and left you feeling stuck.” “You’ve been carrying that emotional weight for four years, and it’s affecting the way you manage money.” “Don’t raid your retirement account. Don’t buy a multifamily property.” “Get on a written budget, track where every dollar is going, and start attacking the debt.” “You make enough income to make substantial progress within a year.”
4:40

Caller: “I’m a 38-year-old single mother with two children. I have about $90,000 in student loans, $9,000 in credit card debt, and I feel completely stuck financially.” “I’m considering taking a hardship withdrawal from my retirement account to buy a multifamily property and create extra income.” Dave Ramsey: “That’s not going to bring stability. It’s going to do the opposite.” “What do you make?” Caller: “Around $160,000 a year.” Dave Ramsey: “You make $160,000 and only have about $100,000 of non-mortgage debt. Why can’t you reduce it?” Caller: “There’s always an emergency. Last year I had a medical procedure that cost thousands.” Dave Ramsey: “How much is your rent?” Caller: “$1,800 a month.” Dave Ramsey: “And your car?” Caller: “A $600 lease and about $340 a month for insurance.” Dave Ramsey: “I’m not hearing numbers that explain why someone making $160,000 can’t make progress.” “I think what’s really going on is that divorce turned your world upside down and left you feeling stuck.” “You’ve been carrying that emotional weight for four years, and it’s affecting the way you manage money.” “Don’t raid your retirement account. Don’t buy a multifamily property.” “Get on a written budget, track where every dollar is going, and start attacking the debt.” “You make enough income to make substantial progress within a year.”

KΞRL_✂️

66,073 просмотров • 2 месяцев назад

Dave Ramsey laughed at a caller who was considering giving her son $30,000 after learning that he and his wife make $180,000 a year. Dave Ramsey: "You've got to be kidding me." The caller explained that her son had significant student loans, but Ramsey wasn't buying it. He argued that a young couple earning $180,000 doesn't have an income problem. They have a spending problem. "They're pissing their money away." Instead of getting a bailout from mom, Ramsey said they should get on a budget, stop unnecessary spending, pay cash for a reasonable car, and start attacking their debt. His biggest warning: Giving money to someone who consistently mismanages money doesn't solve the problem. "Giving them $30,000 is definitely giving a drunk a drink."
2:30

Dave Ramsey laughed at a caller who was considering giving her son $30,000 after learning that he and his wife make $180,000 a year. Dave Ramsey: "You've got to be kidding me." The caller explained that her son had significant student loans, but Ramsey wasn't buying it. He argued that a young couple earning $180,000 doesn't have an income problem. They have a spending problem. "They're pissing their money away." Instead of getting a bailout from mom, Ramsey said they should get on a budget, stop unnecessary spending, pay cash for a reasonable car, and start attacking their debt. His biggest warning: Giving money to someone who consistently mismanages money doesn't solve the problem. "Giving them $30,000 is definitely giving a drunk a drink."

Ruzy.hl

256,178 просмотров • 2 месяцев назад

“My Husband Owes $58,000 To 3 Separate Women” Caller : My husband had fathered three children before we got married. He has separate child support orders on all three of them. There's three different moms, and together, it's a combined total debt of $58,000. I didn't know if we should do like your traditional debt snowball I don't want to like pay for one child and the other two are not receiving any money. Dave Ramsey: how much other debt ? Caller : Um, about $5,000. We have a small car loan Dave Ramsey: And what's your household income? Caller : Um, about $35,000. Dave Ramsey: Okay. All right. Um... so just one of you working? Caller : Yeah. I work full-time. I make $17 an hour. Dave Ramsey: Hm. What does he do? Caller : he's always wanted to own his own business, and so this year he decided that he was going to um try and start a landscaping company. Dave Ramsey: Okay. But I mean, did he start it before... before winter? Caller : Yes. he started it in April, and um he was making about $500 to $1,000 a month from that. Dave Ramsey: Okay. So, it's not working out? Caller : No. Dave Ramsey: Okay. And I mean, unless he has a plan to get his income up 10x, he needs to get a job, doesn't he? Caller : Yes. Dave Ramsey: Okay. Yeah. Your nervous laughter tells me he's sitting on his butt not doing that. Dave Ramsey: Well, what exactly is he doing? Caller : Um, well, he is at home,we have two children together. so he is at home with them right now, but um uh while they're at school and stuff Caller : ...he's not really doing much. Dave Ramsey: Bull. If he was marketing his business, he'd be making more than $500. So, as kindly as I can, I need to just say out loud that there's a guy that owes $58,000 for three children that he's not taking care of, and he's doing zero about it, And that's kind of not okay.
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“My Husband Owes $58,000 To 3 Separate Women” Caller : My husband had fathered three children before we got married. He has separate child support orders on all three of them. There's three different moms, and together, it's a combined total debt of $58,000. I didn't know if we should do like your traditional debt snowball I don't want to like pay for one child and the other two are not receiving any money. Dave Ramsey: how much other debt ? Caller : Um, about $5,000. We have a small car loan Dave Ramsey: And what's your household income? Caller : Um, about $35,000. Dave Ramsey: Okay. All right. Um... so just one of you working? Caller : Yeah. I work full-time. I make $17 an hour. Dave Ramsey: Hm. What does he do? Caller : he's always wanted to own his own business, and so this year he decided that he was going to um try and start a landscaping company. Dave Ramsey: Okay. But I mean, did he start it before... before winter? Caller : Yes. he started it in April, and um he was making about $500 to $1,000 a month from that. Dave Ramsey: Okay. So, it's not working out? Caller : No. Dave Ramsey: Okay. And I mean, unless he has a plan to get his income up 10x, he needs to get a job, doesn't he? Caller : Yes. Dave Ramsey: Okay. Yeah. Your nervous laughter tells me he's sitting on his butt not doing that. Dave Ramsey: Well, what exactly is he doing? Caller : Um, well, he is at home,we have two children together. so he is at home with them right now, but um uh while they're at school and stuff Caller : ...he's not really doing much. Dave Ramsey: Bull. If he was marketing his business, he'd be making more than $500. So, as kindly as I can, I need to just say out loud that there's a guy that owes $58,000 for three children that he's not taking care of, and he's doing zero about it, And that's kind of not okay.

Jeff

18,757 просмотров • 16 дней назад