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“My 15-year-old is ADDICTED to money.” Caller: He’s working 50–60 hours a week landscaping at $19/hour. He’d rather skip soccer than miss a job. Everything is about saving. He wants a house by 20 and his own company. College is off the table. I’m scared he’s missing his childhood.... Dave: How much is he making? Caller: About $4,500 a month. Dave: At FIFTEEN? Caller: Yes. And he’s already done most of high school through homeschool. Dave: You don’t have a crisis. You have a unicorn. You have a kid who discovered work, stacked cash, and is thinking 5–10 years ahead while most 15-year-olds are thinking about Fortnite and Friday night. He’s not addicted to money. He’s addicted to building a life. Lean in. Celebrate him. Teach him to enjoy some of it, give some of it, and keep some friends. Don’t talk him out of the rarest trait a teenager can have. I’d throw a party.show more

Bradson

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83,442 görüntüleme • 1 ay önce •via X (Twitter)

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'lsi Mon profil fotoğrafı

'lsi Mon1 ay önce

You can always make money but you can’t play high school sports again. It’s good he’s focused but it’s excessive if he won’t he even do sports or hang out with friends

Brooks profil fotoğrafı

Brooks1 ay önce

Kid’s got great ambitions.

Salas Alam profil fotoğrafı

Salas Alam1 ay önce

True test will down the line in avoiding a woman that can take half of everything.

Alexander Baah profil fotoğrafı

Alexander Baah1 ay önce

Why should a 15 year old boy not be addicted to money? Right now money is everything but still need measures to be taken place . Dave got you

Rocco profil fotoğrafı

Rocco1 ay önce

He wants to do better for himself before the bad day comes

Scar profil fotoğrafı

Scar1 ay önce

He just wants a better life

Bradson profil fotoğrafı

Bradson1 ay önce

Ft @DaveRamsey

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

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 ♠️

1,051,880 görüntüleme • 2 ay önce

Caller: “I think i’m my 41 year old boyfriend’s retirement, should i run?” Caller: I’m 32, an attorney, and I’ve been dating a 41 year old for three years. We’re talking marriage, but I just discovered he has no retirement or investment accounts. Nothing. George: At 41? Caller: Zero. And it’s making me nervous about our future together. Dave: You’re right to be nervous. This isn’t about being superficial or greedy. How someone handles money tells you a lot about their character and maturity. Caller: That’s what I’m worried about. I’ve been responsible with my finances and I don’t want to subsidize someone who lacks ambition. Dave: That’s a legitimate concern. You two need to understand each other’s financial values before marriage. George: Here’s the key question, does he have legitimate reasons for not saving, like caring for sick family members? Or is it just a lack of planning and discipline? Caller: I don’t think he has legitimate excuses. Dave: Then you have a bigger problem. This isn’t just about money, it’s about whether you two are aligned on life goals and whether you’ll respect each other long term. George: If he’s not planning for retirement at 41, that tells you something about how he approaches adulthood and responsibility. That doesn’t disappear after marriage. Caller: Can people change? Dave: They can, but they have to want to. Before you marry him, have a direct conversation. Find out if he’s willing to get serious about retirement and financial planning. If not, you need to ask yourself if you can be happy with someone who isn’t taking care of his future. Caller: That’s hard to hear. George: It is. But being miserable in a marriage because you’re subsidizing someone’s lack of planning is worse. Dave: Don’t marry someone hoping they’ll change. Marry someone who’s already aligned with you.

Caller: “I think i’m my 41 year old boyfriend’s retirement, should i run?” Caller: I’m 32, an attorney, and I’ve been dating a 41 year old for three years. We’re talking marriage, but I just discovered he has no retirement or investment accounts. Nothing. George: At 41? Caller: Zero. And it’s making me nervous about our future together. Dave: You’re right to be nervous. This isn’t about being superficial or greedy. How someone handles money tells you a lot about their character and maturity. Caller: That’s what I’m worried about. I’ve been responsible with my finances and I don’t want to subsidize someone who lacks ambition. Dave: That’s a legitimate concern. You two need to understand each other’s financial values before marriage. George: Here’s the key question, does he have legitimate reasons for not saving, like caring for sick family members? Or is it just a lack of planning and discipline? Caller: I don’t think he has legitimate excuses. Dave: Then you have a bigger problem. This isn’t just about money, it’s about whether you two are aligned on life goals and whether you’ll respect each other long term. George: If he’s not planning for retirement at 41, that tells you something about how he approaches adulthood and responsibility. That doesn’t disappear after marriage. Caller: Can people change? Dave: They can, but they have to want to. Before you marry him, have a direct conversation. Find out if he’s willing to get serious about retirement and financial planning. If not, you need to ask yourself if you can be happy with someone who isn’t taking care of his future. Caller: That’s hard to hear. George: It is. But being miserable in a marriage because you’re subsidizing someone’s lack of planning is worse. Dave: Don’t marry someone hoping they’ll change. Marry someone who’s already aligned with you.

Lin

147,045 görüntüleme • 2 ay önce

Caller: “ My husband makes $975,000 and won’t let me stay at home” Caller: Hi Dave. I’m on maternity leave until February and I’d love to stay home to raise our baby instead of going back to work. But I’m not sure how to bring it up with my husband. Dave: What does he do, and what were you making? Caller: He’s an investment advisor, makes around $975,000 a year. I was making about $90,000. Dave: So your $90,000 isn’t a financial necessity, this is purely a conversation about values. What’s his hesitation? Caller: He’s worried I’ll never go back to the workforce. His mom had to work three jobs raising him, so I think it runs deep. Dave: That context matters. This isn’t really about money for him, it’s fear rooted in his upbringing. So don’t lead with finances. Lead with your heart. Tell him what raising your child means to you and what kind of mother you want to be

Caller: “ My husband makes $975,000 and won’t let me stay at home” Caller: Hi Dave. I’m on maternity leave until February and I’d love to stay home to raise our baby instead of going back to work. But I’m not sure how to bring it up with my husband. Dave: What does he do, and what were you making? Caller: He’s an investment advisor, makes around $975,000 a year. I was making about $90,000. Dave: So your $90,000 isn’t a financial necessity, this is purely a conversation about values. What’s his hesitation? Caller: He’s worried I’ll never go back to the workforce. His mom had to work three jobs raising him, so I think it runs deep. Dave: That context matters. This isn’t really about money for him, it’s fear rooted in his upbringing. So don’t lead with finances. Lead with your heart. Tell him what raising your child means to you and what kind of mother you want to be

_Chase😈

393,008 görüntüleme • 3 ay önce

Caller: “We’re about $34,000 in credit card debt, and we have an $11,000 loan on our car and about $100,000 in student loans combined.” Dave Ramsey: “OK. And what’s your household income?” Caller: “About $28,000.” Dave Ramsey: “Huh? A year?” Caller: “Yeah.” Dave Ramsey: “OK. Who’s not working?” Caller: “Me.” Dave Ramsey: “Why?” Caller: “My daughter is at home and I’m suffering from anxiety.” Dave Ramsey: “Alright. Let me give you a couple of facts. Student loans are not bankruptable, so after bankruptcy you’ll still have $100,000 in student loan debt. Your household income is $28,000. Y’all are starving to death, and bankruptcy will not fix your income problem. “If you keep the car, you’ll still have the $11,000 car loan. So really, the only debt bankruptcy clears is the $34,000 in credit cards.” “Who sued you over the credit card?” Caller: “Credit One Bank.” Dave Ramsey: “OK. And how much do you owe them?” Caller: “$1,006.” Dave Ramsey: “OK. The third fact is debt relief attorneys are generally bankruptcy attorneys. If you ask a bankruptcy attorney if you’re bankrupt, that’s like asking a dog if it’s hungry. “So the advice you were getting was self-serving. If you’re keeping the car, you’re really not filing bankruptcy on much. And it’s a $1,000 lawsuit that’s triggering all this. “You have a household income of $28,000, which is less than half the typical household income in America. I’m not shaming you. I’m just saying you guys have an income issue.” Dave Ramsey: “What’s your husband do for a living?” Caller: “He works at a car dealership.” Dave Ramsey: “Doing what?” Caller: “Driving cars.” Dave Ramsey: “33 hours a week? And how old are you guys?” Caller: “We’re in our 40s.” Dave Ramsey: “OK. I’m not a mental health professional, and I know anxiety is real. I’m not qualified to tell you when you can go back to work. “But I am qualified to tell you your family needs income. Thirty-three hours a week is not enough when your family is this broke. Your husband needs more work. He’s in his 40s, and I don’t want him in his 50s still making $28,000 a year driving cars.”

Caller: “We’re about $34,000 in credit card debt, and we have an $11,000 loan on our car and about $100,000 in student loans combined.” Dave Ramsey: “OK. And what’s your household income?” Caller: “About $28,000.” Dave Ramsey: “Huh? A year?” Caller: “Yeah.” Dave Ramsey: “OK. Who’s not working?” Caller: “Me.” Dave Ramsey: “Why?” Caller: “My daughter is at home and I’m suffering from anxiety.” Dave Ramsey: “Alright. Let me give you a couple of facts. Student loans are not bankruptable, so after bankruptcy you’ll still have $100,000 in student loan debt. Your household income is $28,000. Y’all are starving to death, and bankruptcy will not fix your income problem. “If you keep the car, you’ll still have the $11,000 car loan. So really, the only debt bankruptcy clears is the $34,000 in credit cards.” “Who sued you over the credit card?” Caller: “Credit One Bank.” Dave Ramsey: “OK. And how much do you owe them?” Caller: “$1,006.” Dave Ramsey: “OK. The third fact is debt relief attorneys are generally bankruptcy attorneys. If you ask a bankruptcy attorney if you’re bankrupt, that’s like asking a dog if it’s hungry. “So the advice you were getting was self-serving. If you’re keeping the car, you’re really not filing bankruptcy on much. And it’s a $1,000 lawsuit that’s triggering all this. “You have a household income of $28,000, which is less than half the typical household income in America. I’m not shaming you. I’m just saying you guys have an income issue.” Dave Ramsey: “What’s your husband do for a living?” Caller: “He works at a car dealership.” Dave Ramsey: “Doing what?” Caller: “Driving cars.” Dave Ramsey: “33 hours a week? And how old are you guys?” Caller: “We’re in our 40s.” Dave Ramsey: “OK. I’m not a mental health professional, and I know anxiety is real. I’m not qualified to tell you when you can go back to work. “But I am qualified to tell you your family needs income. Thirty-three hours a week is not enough when your family is this broke. Your husband needs more work. He’s in his 40s, and I don’t want him in his 50s still making $28,000 a year driving cars.”

𝓢𝓵𝓪𝓶 👁️⃤

133,266 görüntüleme • 2 ay önce

A coffee shop owner making $750K a year asks Dave Ramsey which debt he should pay off first: Caller: "My wife and I own some coffee shops. We have about 100 employees, did $4.2 million last year, and we're unsure whether to attack our personal debt or our business debt first." Dave Ramsey: "Well... they're all personal. The SBA loans were signed personally." Caller: "We've got about $270,000 in vehicle loans..." Dave Ramsey: "How many vehicles?" Caller: "Four. The bulk of that is our personal vehicles. They're very expensive." Dave Ramsey: "You made $4.2 million. What was your net profit?" Caller: "About 15%. I also have a day job making about $250,000." Dave Ramsey: "So you've got a $750,000 household income?" Caller: "Yes." Dave Ramsey: "And the SBA loans?" Caller: "About $1 million." Dave Ramsey: "Other debt?" Caller: "$55,000 to the IRS, a $1.9 million mortgage, a $200,000 HELOC, and a $280,000 flip house." Dave Ramsey: "You're a busy guy. You're flipping houses, running 11 coffee shops, and have a full-time job."

A coffee shop owner making $750K a year asks Dave Ramsey which debt he should pay off first: Caller: "My wife and I own some coffee shops. We have about 100 employees, did $4.2 million last year, and we're unsure whether to attack our personal debt or our business debt first." Dave Ramsey: "Well... they're all personal. The SBA loans were signed personally." Caller: "We've got about $270,000 in vehicle loans..." Dave Ramsey: "How many vehicles?" Caller: "Four. The bulk of that is our personal vehicles. They're very expensive." Dave Ramsey: "You made $4.2 million. What was your net profit?" Caller: "About 15%. I also have a day job making about $250,000." Dave Ramsey: "So you've got a $750,000 household income?" Caller: "Yes." Dave Ramsey: "And the SBA loans?" Caller: "About $1 million." Dave Ramsey: "Other debt?" Caller: "$55,000 to the IRS, a $1.9 million mortgage, a $200,000 HELOC, and a $280,000 flip house." Dave Ramsey: "You're a busy guy. You're flipping houses, running 11 coffee shops, and have a full-time job."

Bee♧

339,873 görüntüleme • 2 ay önce

Dave Ramsey advises a guy who has $250k in the bank and now in debt due to his house Caller: “about 6 month ago I had about $250k in the bank I live in a $900 apartment debt free and own my car and I’m a self employed musician making about $50k - $60k a year” Dave: so what’s the problem Caller: “I purchased a home my mortgage is about $1500 a month and then I was in a car accident so I ended up getting a new vehicle now I have a loan on it for about $12k with warranty half my money is gone I have about $100k in the bank” Dave: how much is your house payment Caller: “it’s about $1500 a month and I’m sick”

Dave Ramsey advises a guy who has $250k in the bank and now in debt due to his house Caller: “about 6 month ago I had about $250k in the bank I live in a $900 apartment debt free and own my car and I’m a self employed musician making about $50k - $60k a year” Dave: so what’s the problem Caller: “I purchased a home my mortgage is about $1500 a month and then I was in a car accident so I ended up getting a new vehicle now I have a loan on it for about $12k with warranty half my money is gone I have about $100k in the bank” Dave: how much is your house payment Caller: “it’s about $1500 a month and I’m sick”

zaza

2,847,253 görüntüleme • 4 ay önce

Caller: I’m going to retire in about three years at 76. I have no mutual funds, no 401k. My question is, should I buy or rent at that time, at 76? Dave Ramsey: Okay. How would you be able to buy if you don't have any money? Caller: Currently, my income is $4,500 a month. $2,000 is going to rent, $2,000 is going to student loan, and I spend $500 on living expenses. Dave Ramsey: You're 70 years old and you have a student loan? Caller: Yes. I will pay it off. Dave Ramsey: What's the balance on it? Caller: $12,000. So I'm paying $2,000 a month on that. Dave Ramsey: All right. I'm really curious how you end up with a student loan at your age. How did you do that? Caller: I paid the interest only for a long time, since 2005, I guess. That's when I graduated. Dave Ramsey: You graduated 18 years ago, and your degree is in what? Caller: That particular degree was in communications. Dave Ramsey: Okay. And what do you do for a living? Caller: I'm a quality inspector. Dave Ramsey: At retirement, you have to have monthly money to pay bills, buy food, and provide shelter. The largest line item in your budget for the rest of your life is going to be housing. If you're renting, your cost of housing is going to go up every year because rent always goes up. If you buy, at least you're locked in to what you're going to be spending on housing from this point forward. So, buying is good. Having a paid-off home by the time you get there is even better, and of course, having a nest egg to live on. So, do you have a pension, or are you counting on just Social Security? Caller: Right currently, I have a universal life policy that has a cash value of approximately $9,000 in it. I'm reluctant to cash it out because it has a long-term care rider of 50 months on it at 4%. By the time I retire, I will have approximately $500 in pension and $2,500 in Social Security, which will give me $3,000. Dave Ramsey: And you have no money in savings? At all? Caller: $1,000. I have my thousand. Dave Ramsey: I want you to cash the universal in and pay the student loan down, and let's be done with this student loan very quickly. Let's get that in the background as soon as possible so we can try to accomplish a couple of these other goals, which is housing and start to build some kind of a nest egg over the next three years. Basically, you're going to live on beans and rice for the next three years while you throw as much money towards housing, buying a home, and as much money towards a nest egg as you can throw.

Caller: I’m going to retire in about three years at 76. I have no mutual funds, no 401k. My question is, should I buy or rent at that time, at 76? Dave Ramsey: Okay. How would you be able to buy if you don't have any money? Caller: Currently, my income is $4,500 a month. $2,000 is going to rent, $2,000 is going to student loan, and I spend $500 on living expenses. Dave Ramsey: You're 70 years old and you have a student loan? Caller: Yes. I will pay it off. Dave Ramsey: What's the balance on it? Caller: $12,000. So I'm paying $2,000 a month on that. Dave Ramsey: All right. I'm really curious how you end up with a student loan at your age. How did you do that? Caller: I paid the interest only for a long time, since 2005, I guess. That's when I graduated. Dave Ramsey: You graduated 18 years ago, and your degree is in what? Caller: That particular degree was in communications. Dave Ramsey: Okay. And what do you do for a living? Caller: I'm a quality inspector. Dave Ramsey: At retirement, you have to have monthly money to pay bills, buy food, and provide shelter. The largest line item in your budget for the rest of your life is going to be housing. If you're renting, your cost of housing is going to go up every year because rent always goes up. If you buy, at least you're locked in to what you're going to be spending on housing from this point forward. So, buying is good. Having a paid-off home by the time you get there is even better, and of course, having a nest egg to live on. So, do you have a pension, or are you counting on just Social Security? Caller: Right currently, I have a universal life policy that has a cash value of approximately $9,000 in it. I'm reluctant to cash it out because it has a long-term care rider of 50 months on it at 4%. By the time I retire, I will have approximately $500 in pension and $2,500 in Social Security, which will give me $3,000. Dave Ramsey: And you have no money in savings? At all? Caller: $1,000. I have my thousand. Dave Ramsey: I want you to cash the universal in and pay the student loan down, and let's be done with this student loan very quickly. Let's get that in the background as soon as possible so we can try to accomplish a couple of these other goals, which is housing and start to build some kind of a nest egg over the next three years. Basically, you're going to live on beans and rice for the next three years while you throw as much money towards housing, buying a home, and as much money towards a nest egg as you can throw.

Traeyz ♠️

174,683 görüntüleme • 3 ay önce

Caller: “I recently inherited a large sum of money approximately $50 million. I’m just wondering, what do you think I should do with this?” Dave Ramsey: “You’re not kidding me.” Caller: “No, I’m not kidding you.” Dave Ramsey: “Who in the world left you $50 million?” Caller: “My parents.” Dave Ramsey: “The thing that I do and that I teach people to do with all of their income, including an unbelievable sum like this, is to balance and use ratios between living, enjoying some of it, giving some of it, and investing some of it.” “You should sit down and think in ratios. How much do I want to systematically give? Wealthy people who give are the ones that have fun with money.” “Spend some of it… I’m not going to suggest you stack it all in a cave somewhere but don’t let it be a large percentage. Then, invest a percentage for the next generation, and create income to do even yet more giving.”

Caller: “I recently inherited a large sum of money approximately $50 million. I’m just wondering, what do you think I should do with this?” Dave Ramsey: “You’re not kidding me.” Caller: “No, I’m not kidding you.” Dave Ramsey: “Who in the world left you $50 million?” Caller: “My parents.” Dave Ramsey: “The thing that I do and that I teach people to do with all of their income, including an unbelievable sum like this, is to balance and use ratios between living, enjoying some of it, giving some of it, and investing some of it.” “You should sit down and think in ratios. How much do I want to systematically give? Wealthy people who give are the ones that have fun with money.” “Spend some of it… I’m not going to suggest you stack it all in a cave somewhere but don’t let it be a large percentage. Then, invest a percentage for the next generation, and create income to do even yet more giving.”

HENRY

95,612 görüntüleme • 3 ay önce

Caller: “I’m 51 and i am tired of working, I have no retirement. What should i do”? Dave: What do you make, and what’s your debt? Caller: $75,000 a year. $25,000 left on my mortgage, and $20,000 on a Harley-Davidson. Dave: Sell the bike. Today. That payment’s killing you. Any life insurance? Caller: Term life, $100 a month. No kids, no dependents though. Dave: Drop it! you don’t need it. Now download EveryDollar, budget every dollar, and find $2,000 a month to invest. Between the bike and the insurance, you’re most of the way there already. Caller: That still feels like a lot. Dave: You’ve got 10 years until 67. Invest consistently, your house gets paid off, and you’ll be secure Dave says he can still be a millionaire, there is more time.

Caller: “I’m 51 and i am tired of working, I have no retirement. What should i do”? Dave: What do you make, and what’s your debt? Caller: $75,000 a year. $25,000 left on my mortgage, and $20,000 on a Harley-Davidson. Dave: Sell the bike. Today. That payment’s killing you. Any life insurance? Caller: Term life, $100 a month. No kids, no dependents though. Dave: Drop it! you don’t need it. Now download EveryDollar, budget every dollar, and find $2,000 a month to invest. Between the bike and the insurance, you’re most of the way there already. Caller: That still feels like a lot. Dave: You’ve got 10 years until 67. Invest consistently, your house gets paid off, and you’ll be secure Dave says he can still be a millionaire, there is more time.

_Chase😈

4,332,228 görüntüleme • 3 ay önce

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 ♠️

1,928,672 görüntüleme • 2 ay önce

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.”

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 👁️⃤

313,296 görüntüleme • 3 ay önce

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.”

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_✂️

1,184,865 görüntüleme • 4 ay önce

Caller: I am 30 years old, me and my husband have roughly $328,000 worth of student loan debt. Dave Ramsey: Who's the doctor or lawyer? Unbelievable! Caller: Neither. I'm a marriage and family counselor, and he does graphic design and engineering. I just graduated last year. Dave Ramsey: Why so much student loan debt for those degree fields? Caller: He went out-of-state. He has $166,000. Mine is undergrad and graduate combined. Dave Ramsey: For graphic artist? Caller: Yeah. Dave Ramsey: What's your household income? Caller: Combined, I make $45,000 a year, he makes about $55,000. Dave Ramsey: It's going to be a long slog, isn't it kiddo? Caller: It is. I already have no hope. Dave Ramsey: I want you to have hope, but it's going to be a distant light over the horizon. You got mathematical issues here with $100 grand income towards $300 grand debt. If I do $60k a year out of your hundred and put you on beans and rice, that into $300 grand is like 5 years. You got a tough 5-6 years ahead of you if you really dial it back. You don't need to buy a house till you clean this mess up. Unbelievable. Caller: So kids are out of the question too, right? Out of the scenario? Dave Ramsey: No, but you won't be able to quit work and stay home. Caller: I've never wanted to. I couldn't do that. Dave Ramsey: You can have kids; they're not that expensive. They eat what you eat usually if you're smart, once they get past the early stages. Kids don't break you, but you don't have an extra 30,000 bucks to save up and put down on a house while you've got $338,000 in student loan debt making a $100 grand. Caller: Absolutely not. We're in an apartment, so we're going to stay there until we knock down some of this debt. Dave Ramsey: You need to get some progress on it before you even move to a rental house. It's going to take you a while so you're going to have to live somewhat of a life, but you don't need to plan on vacations, expensive car purchases, or anything else. You've got a substantial mess on your hands, and you're going to have to really lean into it to make it go away inside of 10 years. You can do it in 5, but you're going to have no life at all. You can do it in 6 and have a tiny bit of a life. But it's not going to be buying a house, and it is going to be you having kids during that time for sure. That's a long time to put off having kids.

Caller: I am 30 years old, me and my husband have roughly $328,000 worth of student loan debt. Dave Ramsey: Who's the doctor or lawyer? Unbelievable! Caller: Neither. I'm a marriage and family counselor, and he does graphic design and engineering. I just graduated last year. Dave Ramsey: Why so much student loan debt for those degree fields? Caller: He went out-of-state. He has $166,000. Mine is undergrad and graduate combined. Dave Ramsey: For graphic artist? Caller: Yeah. Dave Ramsey: What's your household income? Caller: Combined, I make $45,000 a year, he makes about $55,000. Dave Ramsey: It's going to be a long slog, isn't it kiddo? Caller: It is. I already have no hope. Dave Ramsey: I want you to have hope, but it's going to be a distant light over the horizon. You got mathematical issues here with $100 grand income towards $300 grand debt. If I do $60k a year out of your hundred and put you on beans and rice, that into $300 grand is like 5 years. You got a tough 5-6 years ahead of you if you really dial it back. You don't need to buy a house till you clean this mess up. Unbelievable. Caller: So kids are out of the question too, right? Out of the scenario? Dave Ramsey: No, but you won't be able to quit work and stay home. Caller: I've never wanted to. I couldn't do that. Dave Ramsey: You can have kids; they're not that expensive. They eat what you eat usually if you're smart, once they get past the early stages. Kids don't break you, but you don't have an extra 30,000 bucks to save up and put down on a house while you've got $338,000 in student loan debt making a $100 grand. Caller: Absolutely not. We're in an apartment, so we're going to stay there until we knock down some of this debt. Dave Ramsey: You need to get some progress on it before you even move to a rental house. It's going to take you a while so you're going to have to live somewhat of a life, but you don't need to plan on vacations, expensive car purchases, or anything else. You've got a substantial mess on your hands, and you're going to have to really lean into it to make it go away inside of 10 years. You can do it in 5, but you're going to have no life at all. You can do it in 6 and have a tiny bit of a life. But it's not going to be buying a house, and it is going to be you having kids during that time for sure. That's a long time to put off having kids.

Traeyz ♠️

26,880 görüntüleme • 2 ay önce

Caller: I'm a 58-year-old single guy, getting tired of working. I'm trying to get to retirement, I make $75,000 and nothing saved. I need to know what I should do to get there. Dave Ramsey: What do you do? Caller: I'm a trim carpenter. I trim high-end houses and build some custom cabinets as well. Jade Warshaw: Do you have any debt? Caller: I've got about $25,000 worth of mortgage and a $20,000 auto loan. Dave Ramsey: Why have you saved no money? Caller: I was married to a spender, and at the age of 50, got divorced, and I walked away with zero dollars. Dave Ramsey: That was eight years ago. Why have you saved no money in the last eight years? Caller: Well, getting back on my feet, I ended up buying a house. That's where the mortgage comes in. I've got $25,000 left on that. Jade Warshaw: So is that where your extra money was going, paying down that mortgage? What did it start as? Caller: Paying down the mortgage. It was a bank-owned property. I got it for a song in a great neighborhood. I put a fair amount of money into it, and that's where most of my money went. Dave Ramsey: And you bought a truck? Caller: No. I have a truck that's paid for. Dave Ramsey: What's the $20,000 vehicle? Caller: I know you're into cars, Dave. It's not a car. It's a motorcycle. It's a Harley-Davidson. Jade Warshaw: Well, we've got to get rid of that. Caller: I knew that was the first thing you were going to tell me to get rid of. Dave Ramsey: Yeah, that bike has to go. You did great on the house, but the motorcycle was a mistake. If we get you on an EveryDollar budget and you pick up extra work, you can save $2,000 a month. Over 10 years, that $24,000 a year will grow to about half a million dollars. By age 67, you’ll have $500,000 and a completely paid-for house. Caller: Okay. I do have about $23,000 in cash. Dave Ramsey: Well, then you've got your emergency fund in place. Jade Warshaw: That's great! Caller: I do have the emergency fund, right. I also have a term life insurance policy that's $100 a month for half a million dollars. Should I keep that, or is there a way to convert that to something else? Dave Ramsey: I wouldn't convert. It's just like, "I have homeowner's insurance and I don't have a home anymore, do I need it?" No, you don't. Because there's no one counting on you, it sounds like, for your income. Caller: No. Dave Ramsey: And the house is worth more than you owe on it. Do you have children? Caller: I've got three. They're grown. Dave Ramsey: Okay, so if you die, they sell the house and pay the funeral, right? Caller: Correct. Jade Warshaw: Let it lapse. Dave Ramsey: Yeah, I would close that out because you need that extra $100 a month toward our $2,000 a month goal. So, what I'm going to do is sit down and do a budget, and I'm going to come up with $2,000 a month. I'm going to sit down with a SmartVestor Pro, and I'm going to fill up Roth IRAs, Simple IRAs, and whatever else you can do as a self-employed person. The great news is, as a trim carpenter in high-end properties, you are in great demand. You've always had more work than you can take on. And so if you want to jack it up and make some extra money for a little while, you can do that. I'm always less tired when I don't feel like a hamster in a wheel, when I'm actually getting traction. Part of what's making you tired is you feel stuck.

Caller: I'm a 58-year-old single guy, getting tired of working. I'm trying to get to retirement, I make $75,000 and nothing saved. I need to know what I should do to get there. Dave Ramsey: What do you do? Caller: I'm a trim carpenter. I trim high-end houses and build some custom cabinets as well. Jade Warshaw: Do you have any debt? Caller: I've got about $25,000 worth of mortgage and a $20,000 auto loan. Dave Ramsey: Why have you saved no money? Caller: I was married to a spender, and at the age of 50, got divorced, and I walked away with zero dollars. Dave Ramsey: That was eight years ago. Why have you saved no money in the last eight years? Caller: Well, getting back on my feet, I ended up buying a house. That's where the mortgage comes in. I've got $25,000 left on that. Jade Warshaw: So is that where your extra money was going, paying down that mortgage? What did it start as? Caller: Paying down the mortgage. It was a bank-owned property. I got it for a song in a great neighborhood. I put a fair amount of money into it, and that's where most of my money went. Dave Ramsey: And you bought a truck? Caller: No. I have a truck that's paid for. Dave Ramsey: What's the $20,000 vehicle? Caller: I know you're into cars, Dave. It's not a car. It's a motorcycle. It's a Harley-Davidson. Jade Warshaw: Well, we've got to get rid of that. Caller: I knew that was the first thing you were going to tell me to get rid of. Dave Ramsey: Yeah, that bike has to go. You did great on the house, but the motorcycle was a mistake. If we get you on an EveryDollar budget and you pick up extra work, you can save $2,000 a month. Over 10 years, that $24,000 a year will grow to about half a million dollars. By age 67, you’ll have $500,000 and a completely paid-for house. Caller: Okay. I do have about $23,000 in cash. Dave Ramsey: Well, then you've got your emergency fund in place. Jade Warshaw: That's great! Caller: I do have the emergency fund, right. I also have a term life insurance policy that's $100 a month for half a million dollars. Should I keep that, or is there a way to convert that to something else? Dave Ramsey: I wouldn't convert. It's just like, "I have homeowner's insurance and I don't have a home anymore, do I need it?" No, you don't. Because there's no one counting on you, it sounds like, for your income. Caller: No. Dave Ramsey: And the house is worth more than you owe on it. Do you have children? Caller: I've got three. They're grown. Dave Ramsey: Okay, so if you die, they sell the house and pay the funeral, right? Caller: Correct. Jade Warshaw: Let it lapse. Dave Ramsey: Yeah, I would close that out because you need that extra $100 a month toward our $2,000 a month goal. So, what I'm going to do is sit down and do a budget, and I'm going to come up with $2,000 a month. I'm going to sit down with a SmartVestor Pro, and I'm going to fill up Roth IRAs, Simple IRAs, and whatever else you can do as a self-employed person. The great news is, as a trim carpenter in high-end properties, you are in great demand. You've always had more work than you can take on. And so if you want to jack it up and make some extra money for a little while, you can do that. I'm always less tired when I don't feel like a hamster in a wheel, when I'm actually getting traction. Part of what's making you tired is you feel stuck.

Traeyz ♠️

425,326 görüntüleme • 2 ay önce

Caller: “I’m 70 years old and married. We have no retirement savings, only $25,000 in cash, owe $27,000 on our $250,000 home, and $11,000 on our car.” Dave Ramsey: “how can we help?” Caller: “My husband wants to make financial decisions I don’t agree with, and I’m stressed. I at least want to keep our home.” Dave Ramsey: “what’s your income” Caller: “we have $2000 a month of social security, with a cleaner job that I have that’s physically challenging about another $2000” Dave Ramsey: “is your husband able to work?” Caller: “No, he’s got medical issues which was one of the things that put us this way cause our medical bills were too high” Dave Ramsey: “how many cars?” Caller: “paid off old pickup,the one with the debt and an old roadster valued at $10,000” Dave Ramsey: “I’m sorry the roadster is gone, that gives us $10,000 to put towards the house, $15,000 in emergency and that leaves you $17,000 to go and you guys get into business in the next 17months to get that house paid off” “You can make it but it’s not gonna be pretty, you gotta get your house and car paid off, you have $25,000 and a roadster to pull this off and a $2000 that’s questionable because we don’t know how long you can do this at 71” “Otherwise you’re gonna sell off the house buy a condo for $100,000 and extra to live on and have a life”

Caller: “I’m 70 years old and married. We have no retirement savings, only $25,000 in cash, owe $27,000 on our $250,000 home, and $11,000 on our car.” Dave Ramsey: “how can we help?” Caller: “My husband wants to make financial decisions I don’t agree with, and I’m stressed. I at least want to keep our home.” Dave Ramsey: “what’s your income” Caller: “we have $2000 a month of social security, with a cleaner job that I have that’s physically challenging about another $2000” Dave Ramsey: “is your husband able to work?” Caller: “No, he’s got medical issues which was one of the things that put us this way cause our medical bills were too high” Dave Ramsey: “how many cars?” Caller: “paid off old pickup,the one with the debt and an old roadster valued at $10,000” Dave Ramsey: “I’m sorry the roadster is gone, that gives us $10,000 to put towards the house, $15,000 in emergency and that leaves you $17,000 to go and you guys get into business in the next 17months to get that house paid off” “You can make it but it’s not gonna be pretty, you gotta get your house and car paid off, you have $25,000 and a roadster to pull this off and a $2000 that’s questionable because we don’t know how long you can do this at 71” “Otherwise you’re gonna sell off the house buy a condo for $100,000 and extra to live on and have a life”

𝓢𝓵𝓪𝓶 👁️⃤

470,637 görüntüleme • 2 ay önce

A C-SPAN caller just gave a perspective on President Trump that you almost never hear in the media. C-SPAN CALLER: “First of all, I want to appreciate the president and give him credit for being able to show up the second time after the first incident.” “I think a lot of people don’t give the president credit.” “He jokes a lot. He is a funny guy, and I think he is going to do his best to have fun tonight.” “The media is very critical of him, and sometimes he also lashes out at the media, but I think tonight he’s going to joke about the media, he’s going to joke about himself, and just try to have a good time with the media tonight.” “As you can see, over the years, his relationship has developed with the media, even some people who you think would not have a good relationship with the president, eventually have a good relationship with the president.” “For instance, the president of this organization…they didn’t have a relationship in his first administration, but today they do have a good relationship.” “So I think the president is someone who, when you get to know him, when you get closer to him, you get to understand him more.”

A C-SPAN caller just gave a perspective on President Trump that you almost never hear in the media. C-SPAN CALLER: “First of all, I want to appreciate the president and give him credit for being able to show up the second time after the first incident.” “I think a lot of people don’t give the president credit.” “He jokes a lot. He is a funny guy, and I think he is going to do his best to have fun tonight.” “The media is very critical of him, and sometimes he also lashes out at the media, but I think tonight he’s going to joke about the media, he’s going to joke about himself, and just try to have a good time with the media tonight.” “As you can see, over the years, his relationship has developed with the media, even some people who you think would not have a good relationship with the president, eventually have a good relationship with the president.” “For instance, the president of this organization…they didn’t have a relationship in his first administration, but today they do have a good relationship.” “So I think the president is someone who, when you get to know him, when you get closer to him, you get to understand him more.”

Overton

157,040 görüntüleme • 2 ay önce

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⚜️

2,186,559 görüntüleme • 3 ay önce

Caller: “ I have a net worth of about $3 million and my Dad has asked for $55,000 to pay his debt. What should i do?” Caller: My 80 year old father is asking my husband and me for $55,000 to pay off his credit card and car loan debt. Dave: What’s your financial situation? Carla: We’re retired, debt free, net worth between $2 and $3 million but we’re on a fixed income and would have to dip into retirement accounts to do it. Dave: And your husband’s position? Carla: He’s firmly against it. But my dad is very persuasive and I feel guilty saying no. Dave: Carla, the answer is no. You have no moral, ethical, or biblical obligation to fund your father’s bad financial habits especially when manipulation is part of how he’s asking. Carla: But he’s 80 and he’s my dad. Dave: Being your dad doesn’t give him the right to your retirement. And “no” is a complete sentence. Don’t give him an encyclopedia of reasons, he’ll debate every one. Be brief, be gentle, and be firm. Carla: What can I offer instead? Dave: Gift him Financial Peace University. Give him the tools to help himself. That’s generous without enabling the pattern.

Caller: “ I have a net worth of about $3 million and my Dad has asked for $55,000 to pay his debt. What should i do?” Caller: My 80 year old father is asking my husband and me for $55,000 to pay off his credit card and car loan debt. Dave: What’s your financial situation? Carla: We’re retired, debt free, net worth between $2 and $3 million but we’re on a fixed income and would have to dip into retirement accounts to do it. Dave: And your husband’s position? Carla: He’s firmly against it. But my dad is very persuasive and I feel guilty saying no. Dave: Carla, the answer is no. You have no moral, ethical, or biblical obligation to fund your father’s bad financial habits especially when manipulation is part of how he’s asking. Carla: But he’s 80 and he’s my dad. Dave: Being your dad doesn’t give him the right to your retirement. And “no” is a complete sentence. Don’t give him an encyclopedia of reasons, he’ll debate every one. Be brief, be gentle, and be firm. Carla: What can I offer instead? Dave: Gift him Financial Peace University. Give him the tools to help himself. That’s generous without enabling the pattern.

Lin

7,003,615 görüntüleme • 2 ay önce

Caller: “Because i have two kids for two different men, my now boyfriend wouldn’t marry me until we get a prenup” Caller: My boyfriend wants to get married but he’s insisting on a prenup. He has about $2 million and I feel like he’s planning for divorce, not marriage. It makes me feel unsafe. George: How did he present it? Caller: He called me ungrateful for hesitating, saying he’s doing me a favor by marrying me and my two kids. Rachel: That’s a red flag right there. The tone matters more than the prenup itself. George: A prenup is a tool. But the way he’s using it, as a weapon to keep his money separate and call you ungrateful, that’s about control, not protection. Rachel: Here’s what I want you to understand. After marriage, does he plan to share life with you, or does he plan to keep “his” money separate from “yours”? Caller: I don’t know. He hasn’t been clear about that. Rachel: That’s the real conversation. Ask him directly, after we’re married, is it “our” money or “his” money? Because if he’s keeping it separate in his mind, a prenup is just the beginning of a very divided marriage. George: And Beth, you should not feel pressured to sign anything you’re uncomfortable with. If he breaks up with you over this, that might actually be a bullet dodged. Dave: Don’t let guilt or fear push you into a decision. Get clarity on how he actually views marriage and partnership. If his answer doesn’t align with yours, walk away.

Caller: “Because i have two kids for two different men, my now boyfriend wouldn’t marry me until we get a prenup” Caller: My boyfriend wants to get married but he’s insisting on a prenup. He has about $2 million and I feel like he’s planning for divorce, not marriage. It makes me feel unsafe. George: How did he present it? Caller: He called me ungrateful for hesitating, saying he’s doing me a favor by marrying me and my two kids. Rachel: That’s a red flag right there. The tone matters more than the prenup itself. George: A prenup is a tool. But the way he’s using it, as a weapon to keep his money separate and call you ungrateful, that’s about control, not protection. Rachel: Here’s what I want you to understand. After marriage, does he plan to share life with you, or does he plan to keep “his” money separate from “yours”? Caller: I don’t know. He hasn’t been clear about that. Rachel: That’s the real conversation. Ask him directly, after we’re married, is it “our” money or “his” money? Because if he’s keeping it separate in his mind, a prenup is just the beginning of a very divided marriage. George: And Beth, you should not feel pressured to sign anything you’re uncomfortable with. If he breaks up with you over this, that might actually be a bullet dodged. Dave: Don’t let guilt or fear push you into a decision. Get clarity on how he actually views marriage and partnership. If his answer doesn’t align with yours, walk away.

Lin

43,630 görüntüleme • 2 ay önce

Dave Ramsey advises a woman’s who’s husband is in $51k in debt and wants to sell their house and move to his home town Caller: “my husband wants to sell our house to clear off the debt and move back to his hometown and start over” Dave: what does he do for a living Caller: “he is a security contractor he is a bodyguard for a celebrity country music star and his salary is $7100 a month” Dave: how much debt does he have not counting your home Caller: “ we have $10k on his truck and $16k on our van and $14k in credit cards $3k in medical bills and we owe the IRS $8k”

Dave Ramsey advises a woman’s who’s husband is in $51k in debt and wants to sell their house and move to his home town Caller: “my husband wants to sell our house to clear off the debt and move back to his hometown and start over” Dave: what does he do for a living Caller: “he is a security contractor he is a bodyguard for a celebrity country music star and his salary is $7100 a month” Dave: how much debt does he have not counting your home Caller: “ we have $10k on his truck and $16k on our van and $14k in credit cards $3k in medical bills and we owe the IRS $8k”

zaza

4,975,837 görüntüleme • 4 ay önce