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CEO making $260,000 a year calls Dave Ramsey with almost nothing saved because his wife spends every dollar he deposits “You make $260,000 a year. You have nothing to show for it. There's a big freaking hole in the bucket. Quit using the bucket.” “She needs to — oh,... show more

ramagazzi

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She's absolutely fed up with Attorney General Pamela Bondi. "You have been in your position for almost a whole freaking year and you have nothing to show for it." She is tagged in this post if you want to tell her how you feel....

She's absolutely fed up with Attorney General Pamela Bondi. "You have been in your position for almost a whole freaking year and you have nothing to show for it." She is tagged in this post if you want to tell her how you feel....

Brandon

109,954 Aufrufe • vor 8 Monaten

Dave Ramsey tells a couple with $30k debt they’re too broke to eat out Caller: "We make $112,000 a year, and we have $30,000 in debt" Dave: "You make too much money to be this freaking broke" "I'm going to pay all of this off in just a year, but you have no life during that year, no eating out, no vacations, nothing"

Dave Ramsey tells a couple with $30k debt they’re too broke to eat out Caller: "We make $112,000 a year, and we have $30,000 in debt" Dave: "You make too much money to be this freaking broke" "I'm going to pay all of this off in just a year, but you have no life during that year, no eating out, no vacations, nothing"

Yonan

1,622,139 Aufrufe • vor 3 Monaten

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.

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 Aufrufe • vor 2 Monaten

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.

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 Aufrufe • vor 1 Monat

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 actually never finished college." Dave Ramsey: "She didn't finish? Who loans an 18-year-old $175,000 to get an almost degree?" Caller: "It was an out-of-state D1 state school. I make $54k in the Army and she makes $36k ." Dave Ramsey: "Your wife is not going to be a stay-at-home mom. She signed up for $175k of debt, so she’s going to be working. Parents ought to be smacked into next week for letting their kids do this." Over 50% of people who start a 4-year degree never finish…..yet banks hand teenagers six-figure debt with zero income. Who's more at fault: predatory loan systems, or parents who let their 18-year-olds sign these papers?

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 actually never finished college." Dave Ramsey: "She didn't finish? Who loans an 18-year-old $175,000 to get an almost degree?" Caller: "It was an out-of-state D1 state school. I make $54k in the Army and she makes $36k ." Dave Ramsey: "Your wife is not going to be a stay-at-home mom. She signed up for $175k of debt, so she’s going to be working. Parents ought to be smacked into next week for letting their kids do this." Over 50% of people who start a 4-year degree never finish…..yet banks hand teenagers six-figure debt with zero income. Who's more at fault: predatory loan systems, or parents who let their 18-year-olds sign these papers?

Leo

60,190 Aufrufe • vor 1 Monat

Union operator reveals private company offered him $235,000 to leave his $125,000 union job and he almost said no over dental “I make 115, 125,000 a year being the union, and the private company's going to pay me about 235, 245.” “In what world is health insurance worth $100,000?” “Go buy a health insurance policy.” “They do. They offer it. But you're going to have to pay for it, but that's fine. It'll come out of your paycheck.” “That's at the new company if you take the $250,000 job.” “Yes, that's correct. Yeah. So, what's there to be stressed about?” “For $100,000 a year? You can buy a dentist and have him stay in your home.” “The negatives about a union is they teach you, they brainwash you that the union is all encompassing and they are your provider and that's all bull crap. The union is really good at some things and being in a union many times is a good thing, but not if you emotionally accept that somehow it's worth that you should take a $100,000 year pay cut for dental.” “In the meantime, you will have made an extra $100,000 a year. $8,333 a month, $2,000 a week more money. That's a lot of dental.”

Union operator reveals private company offered him $235,000 to leave his $125,000 union job and he almost said no over dental “I make 115, 125,000 a year being the union, and the private company's going to pay me about 235, 245.” “In what world is health insurance worth $100,000?” “Go buy a health insurance policy.” “They do. They offer it. But you're going to have to pay for it, but that's fine. It'll come out of your paycheck.” “That's at the new company if you take the $250,000 job.” “Yes, that's correct. Yeah. So, what's there to be stressed about?” “For $100,000 a year? You can buy a dentist and have him stay in your home.” “The negatives about a union is they teach you, they brainwash you that the union is all encompassing and they are your provider and that's all bull crap. The union is really good at some things and being in a union many times is a good thing, but not if you emotionally accept that somehow it's worth that you should take a $100,000 year pay cut for dental.” “In the meantime, you will have made an extra $100,000 a year. $8,333 a month, $2,000 a week more money. That's a lot of dental.”

ramagazzi

313,109 Aufrufe • vor 1 Monat

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.

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 ♠️

1,928,135 Aufrufe • vor 1 Monat

Dave Ramsey says a millionaire calling his show tried to justify taking out a loan for a $223,000 McLaren while earning $200,000 a year Caller: "Looking to purchase a McLaren 600LT Spider. The car is 223,000." Dave Ramsey: "Well, that's just a couple hundred grand. Good for you!" Caller: "The cost is 223,000. I think I'm in a good financial position to afford the car." Rachel Cruze: "What's your net worth?" Caller: "Around 1.4 million right now." Rachel Cruze: "Are you paying cash for the car?" Caller: "I can, but I know that there's also benefits with a leasing structure. I own a small tech company, and I'm earning about 5.3% right now on my high-yield interest savings account. I've got $15,000 on another auto loan, but that's locked in at 3.5% right now." Rachel Cruze: "Did you say you have a $15,000 loan laying around? Why?" Caller: "The big reason why I'm not paying it off is because it's locked in at 3.5%." Rachel Cruze: "But it'd be locked in at zero!" Dave Ramsey: "Have you factored in the depreciation? You're taking a 5% count against your 3.5%, but your car is going down in value. You're a millionaire! You have a $15,000 car debt? What are you doing?" Rachel Cruze: "What's your income every year?" Caller: "Salary with my company is about 110,000 a year, and then I pull a bonus between 90,000 and 120,000 a year." Rachel Cruze: "Okay, so that puts you at about 200,000 a year." Dave Ramsey: "You're going to spend that in a day!"

Dave Ramsey says a millionaire calling his show tried to justify taking out a loan for a $223,000 McLaren while earning $200,000 a year Caller: "Looking to purchase a McLaren 600LT Spider. The car is 223,000." Dave Ramsey: "Well, that's just a couple hundred grand. Good for you!" Caller: "The cost is 223,000. I think I'm in a good financial position to afford the car." Rachel Cruze: "What's your net worth?" Caller: "Around 1.4 million right now." Rachel Cruze: "Are you paying cash for the car?" Caller: "I can, but I know that there's also benefits with a leasing structure. I own a small tech company, and I'm earning about 5.3% right now on my high-yield interest savings account. I've got $15,000 on another auto loan, but that's locked in at 3.5% right now." Rachel Cruze: "Did you say you have a $15,000 loan laying around? Why?" Caller: "The big reason why I'm not paying it off is because it's locked in at 3.5%." Rachel Cruze: "But it'd be locked in at zero!" Dave Ramsey: "Have you factored in the depreciation? You're taking a 5% count against your 3.5%, but your car is going down in value. You're a millionaire! You have a $15,000 car debt? What are you doing?" Rachel Cruze: "What's your income every year?" Caller: "Salary with my company is about 110,000 a year, and then I pull a bonus between 90,000 and 120,000 a year." Rachel Cruze: "Okay, so that puts you at about 200,000 a year." Dave Ramsey: "You're going to spend that in a day!"

thelotachi 🔲⛓️

128,157 Aufrufe • vor 1 Monat

I'm 24yrs old, makes $320,000 a month and drive a Rolls-Royce Ghost. Caller: I'm paying $3,200 a month for my Rolls-Royce Ghost lease. Dave Ramsey: What do you make? Caller: About $320,000 a month. Dave Ramsey: A month? Caller: Yeah. I own a digital marketing company. Dave Ramsey: You're making almost $4 million a year at 24 years old? Caller: Yes. Dave Ramsey: Then quit worrying about the lease. If you want the car, buy the car. The bigger issue isn't the Rolls-Royce. It's believing you'll make this kind of money forever. Caller: What do you mean? Dave Ramsey: Digital businesses change fast. What's working today might not be working two years from now. Bank a lot of this money. Invest a lot of this money. Because I don't want you looking back at 24 as the good old days. Caller: Fair enough. Dave Ramsey: Enjoy the success. Just don't spend like it's guaranteed to last forever.

I'm 24yrs old, makes $320,000 a month and drive a Rolls-Royce Ghost. Caller: I'm paying $3,200 a month for my Rolls-Royce Ghost lease. Dave Ramsey: What do you make? Caller: About $320,000 a month. Dave Ramsey: A month? Caller: Yeah. I own a digital marketing company. Dave Ramsey: You're making almost $4 million a year at 24 years old? Caller: Yes. Dave Ramsey: Then quit worrying about the lease. If you want the car, buy the car. The bigger issue isn't the Rolls-Royce. It's believing you'll make this kind of money forever. Caller: What do you mean? Dave Ramsey: Digital businesses change fast. What's working today might not be working two years from now. Bank a lot of this money. Invest a lot of this money. Because I don't want you looking back at 24 as the good old days. Caller: Fair enough. Dave Ramsey: Enjoy the success. Just don't spend like it's guaranteed to last forever.

RealGold⚜️

2,156,728 Aufrufe • vor 2 Monaten

This is why we desperately needed Elon Musk’s DOGE “When this government worker goes to the office every day there's nothing to do. There's nothing to pretend to do — His work days have been pretty much empty since March 1996” MAKING $100,000 PER YEAR “Taxpayers are covering his generous paycheck. How much do you get paid to do nothing? About a hundred thousand a year. So what do you do all day when you go to the office? I've managed to publish a couple of books, some short story fiction, a little bit of non-fiction writing. Yes, with all that free time and with taxpayers footing the bill, he's become a successful mystery writer”

This is why we desperately needed Elon Musk’s DOGE “When this government worker goes to the office every day there's nothing to do. There's nothing to pretend to do — His work days have been pretty much empty since March 1996” MAKING $100,000 PER YEAR “Taxpayers are covering his generous paycheck. How much do you get paid to do nothing? About a hundred thousand a year. So what do you do all day when you go to the office? I've managed to publish a couple of books, some short story fiction, a little bit of non-fiction writing. Yes, with all that free time and with taxpayers footing the bill, he's become a successful mystery writer”

Wall Street Apes

209,459 Aufrufe • vor 1 Jahr

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.”

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 Aufrufe • vor 2 Monaten

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.

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 Aufrufe • vor 1 Monat

Dave Ramsey tells a young couple making $180K their 7 year ARM mortgage only works if nothing bad ever happens Caller: "We’re in our 20s, debt free, I made $180K last year, and we chose a 7 year ARM because the first couple years have a lower payment" Dave: "I think this is stupid. You should have a 15 year fixed rate where the payment is less than a fourth of your take home pay. Otherwise, you’re buying too much house" "You rationalized the piss out of this, man. You’ve set your life up to not survive any storms. When the big bad wolf blows your straw house down, that’s what’s gonna happen"

Dave Ramsey tells a young couple making $180K their 7 year ARM mortgage only works if nothing bad ever happens Caller: "We’re in our 20s, debt free, I made $180K last year, and we chose a 7 year ARM because the first couple years have a lower payment" Dave: "I think this is stupid. You should have a 15 year fixed rate where the payment is less than a fourth of your take home pay. Otherwise, you’re buying too much house" "You rationalized the piss out of this, man. You’ve set your life up to not survive any storms. When the big bad wolf blows your straw house down, that’s what’s gonna happen"

Yonan

540,521 Aufrufe • vor 3 Monaten

There is a way you can get this boat with nothing out of pocket, make $160k a year, and have it paid off in 10 years.

There is a way you can get this boat with nothing out of pocket, make $160k a year, and have it paid off in 10 years.

Vincent Kennedy

106,878 Aufrufe • vor 1 Jahr

Caller: “My wife and I are both physicians in our 30s. We’re about $700,000 in debt, finishing fellowship, and about to start jobs that will pay roughly $900,000 a year combined.” “We’ve spent 14 years training. After a year of saving and paying down loans, are we finally allowed to start living our life and buy a house?” Dave Ramsey: “When do you start the new jobs?” Caller: “Next month.” Dave Ramsey: “So you’re about to make almost a million dollars a year.” “You know how to delay pleasure. You’ve spent your entire life working and sacrificing for a future payoff.” “I’m asking you to use that muscle one more time.” “Live like you’re still in fellowship for one more year.” “Clear the $700,000 debt before you buy the house, before you buy the cars, before you start celebrating.” “You can make a million dollars a year with no payments and no debt. Finish cleaning up the mess, then go enjoy the life you worked for.”

Caller: “My wife and I are both physicians in our 30s. We’re about $700,000 in debt, finishing fellowship, and about to start jobs that will pay roughly $900,000 a year combined.” “We’ve spent 14 years training. After a year of saving and paying down loans, are we finally allowed to start living our life and buy a house?” Dave Ramsey: “When do you start the new jobs?” Caller: “Next month.” Dave Ramsey: “So you’re about to make almost a million dollars a year.” “You know how to delay pleasure. You’ve spent your entire life working and sacrificing for a future payoff.” “I’m asking you to use that muscle one more time.” “Live like you’re still in fellowship for one more year.” “Clear the $700,000 debt before you buy the house, before you buy the cars, before you start celebrating.” “You can make a million dollars a year with no payments and no debt. Finish cleaning up the mess, then go enjoy the life you worked for.”

KΞRL_✂️

2,147,587 Aufrufe • vor 2 Monaten

Caller: “My wife and I are both physicians in our 30s. We’re about $700,000 in debt, finishing fellowship, and about to start jobs that will pay roughly $900,000 a year combined.” “We’ve spent 14 years training. After a year of saving and paying down loans, are we finally allowed to start living our life and buy a house?” Dave Ramsey: “When do you start the new jobs?” Caller: “Next month.” Dave Ramsey: “So you’re about to make almost a million dollars a year.” “You know how to delay pleasure. You’ve spent your entire life working and sacrificing for a future payoff.” “I’m asking you to use that muscle one more time.” “Live like you’re still in fellowship for one more year.” “Clear the $700,000 debt before you buy the house, before you buy the cars, before you start celebrating.” “You can make a million dollars a year with no payments and no debt. Finish cleaning up the mess, then go enjoy the life you worked for.”

Caller: “My wife and I are both physicians in our 30s. We’re about $700,000 in debt, finishing fellowship, and about to start jobs that will pay roughly $900,000 a year combined.” “We’ve spent 14 years training. After a year of saving and paying down loans, are we finally allowed to start living our life and buy a house?” Dave Ramsey: “When do you start the new jobs?” Caller: “Next month.” Dave Ramsey: “So you’re about to make almost a million dollars a year.” “You know how to delay pleasure. You’ve spent your entire life working and sacrificing for a future payoff.” “I’m asking you to use that muscle one more time.” “Live like you’re still in fellowship for one more year.” “Clear the $700,000 debt before you buy the house, before you buy the cars, before you start celebrating.” “You can make a million dollars a year with no payments and no debt. Finish cleaning up the mess, then go enjoy the life you worked for.”

Teddy - PolyBackTest.com

1,000,072 Aufrufe • vor 1 Monat

This woman inherited $1.6 million after her boyfriend passed away. Four years later, her fiancé says she needs to stop giving money to his family. Caller: “When he passed away, I inherited all of his assets. Every year, I give each of his nieces and nephews $1,000 for educational experiences.” Caller: “My new fiancé doesn’t think it’s appropriate for me to continue.” Dave Ramsey: “How much did you inherit?” Caller: “About $1.6 million.” Dave Ramsey: “And how much do you give the children?” Caller: “$1,000 a year each.” Dave Ramsey: “Why is this inappropriate?” Caller: “He feels it’s not appropriate for me to prioritize my late partner’s family over his.” George Kamel: “I don’t think it’s about fairness. I think he doesn’t like the emotional attachment.” Dave Ramsey: “If this was a boyfriend you broke up with, I’d probably agree with him.” Dave Ramsey: “But he died. It’s kind of an immature approach.”

This woman inherited $1.6 million after her boyfriend passed away. Four years later, her fiancé says she needs to stop giving money to his family. Caller: “When he passed away, I inherited all of his assets. Every year, I give each of his nieces and nephews $1,000 for educational experiences.” Caller: “My new fiancé doesn’t think it’s appropriate for me to continue.” Dave Ramsey: “How much did you inherit?” Caller: “About $1.6 million.” Dave Ramsey: “And how much do you give the children?” Caller: “$1,000 a year each.” Dave Ramsey: “Why is this inappropriate?” Caller: “He feels it’s not appropriate for me to prioritize my late partner’s family over his.” George Kamel: “I don’t think it’s about fairness. I think he doesn’t like the emotional attachment.” Dave Ramsey: “If this was a boyfriend you broke up with, I’d probably agree with him.” Dave Ramsey: “But he died. It’s kind of an immature approach.”

‏ً

526,527 Aufrufe • vor 1 Monat

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.

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.

‏ً

78,116 Aufrufe • vor 1 Monat

Ended today's show with this, but a big thank you to all our viewers/listeners who came with us to the new show or found us this year. You guys gave us the opportunity to take a big, scary leap this year. Without you guys, it couldn't have happened.

Ended today's show with this, but a big thank you to all our viewers/listeners who came with us to the new show or found us this year. You guys gave us the opportunity to take a big, scary leap this year. Without you guys, it couldn't have happened.

Sam Monson

19,149 Aufrufe • vor 1 Jahr