When Are You Going To Clean Up Your Financial Stupidity? | July 10, 2024
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- เผยแพร่เมื่อ 9 ก.ค. 2024
- The Ramsey Show (July 10, 2024)
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Dave Ramsey & George Kamel answer your questions and discuss:
- "We're $500k in debt; can we afford new-to-us cars?"
- "My in-laws are trying to leave us a timeshare..."
- "How do I invest and set myself up for the future?"
- "How should we buy a house from family?"
- "Should I pass on a generous 401(k) match?"
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Some callers' cornbread ain't cooked in the middle.
While I definitely laugh with the analogical intent of your comment, that's the problem with so many people though. They're more worried about ethyl based carbohydrates than proper proteins and a balanced diet.... both physically and mentally
Too many sugars and carbs is what's wrong with our people as a nation and individually. It's the primary reason why the vast the majority of Americans are overweight and have been overweight for decades
Just like with anything else in life critical thinking and balance must be first priority
1:55:23 Libby in Orlando, you CAN "have it all," just not all at the same time. Life is about choices and tough decisions.
To the guy with the father in law who is being scammed, I know kinds know how you feel. My mom got scammed and there is nothing you can say or do to change their mind. I tried everything and I just had to walk away.
Don't even get me started. A woman (not family) wiggled her way into my Dad's Trust. I made sure his lawyer got all that straightened out, with his involvement. Now I'm a co-trustee, so nothing like that will happen again.
Dave: you’re making 400k a year and you are POOR people!😂😂 bros savage
Consider the context
My friend, April, went to NY for her IVF treatments because it was half the price there compared to here in NC!! Definitely shop around and look for lower cost programs!! Good luck to you on your fertility journey!! ❤❤❤
Also, the company in NY used some of their money from the 1st round of IVF to go towards their 2nd round, so they saved even more money!
My favorite together,....George and Dave!
Filipina POV on the father who was scammed in the Philippines: Unfortunately, the foreign son-in-law’s guidance/suggestions will carry more weight than the daughter’s suggestions if the son-in-law has been a good husband. I suspect the father will not listen to his daughter, nor will she want to press the issue. Old school Filipinos don’t behave as Dave seems to think they will.
These cultural things are the juice of it, interesting and true
i’m filipino and i 💯 agreed!!!!
Did Dave Ramsey really say “are you hispanic?” To the guy talking about his Filipino wife 😂.
Filipinos are Hispanic according to Dave Ramsey lmfao 😂
It is spanish colonized country
@@neilp3235 Hispanic refers to a person with ancestry from a country whose primary language is Spanish. They don’t speak Spanish. They got a few words that are similar though
Lol! I heard that
Yup 😂😂😂😂
No one tells me to quit my job but me. That’s ridiculous!! Wives and husbands honor each other it’s not a one way street!!
Her husband is self- centered and she is a doormat.
@@happyinparis exactly!!
If this are the people that call
Imagine the people that don’t call
If you watch an episode or 2 of Caleb hammer you’ll see the real stupidity out there and people just don’t care.
Dave is getting grumpier every episode lol
I noticed that today 😂
And I’m here for it 😂!!! I love it.
He's telling it like it is, he's not grumpy, he's saying what people need to hear, and sometimes it hurts a little.
Times are harder & people are arguably more undisciplined, uneducated, influential, ignorant, & stupid. Myself included!💪🏿🙏🏿💪🏿🫀
Can you blame him? He asks a simple yes, no or how much question and the callers go on wild tangents without ever answering.
That crypto caller - 18K to 800K to 16K 😮 Speechless.
Yeah, somehow they thought that something that shot up that fast, as a speculative asset, would remain at that level and was somehow sustainable. The greed got to them and they lost out on two paid for houses. A bird in hand is worth two in the bush. 🤦♂️
I definitely enjoy learning from everyone’s situations. Sure, not everything may be a perfect solution, but definitely gives a bunch of decent information for the long -term financial decisions
"Do you have any other debt?"
"Well Dave, when I was three, I was watching Howdy Doody, I was convinced that day to become a carnie. But in college I realized I'm afraid of clowns, so i took a job in the fabric department at the Zayre. You know on those days, it only paid $2.25/hr, but I made bologna sandwiches every day for lunch so I saved money, then I..."
"DO YOU HAVE ANY OTHER DEBT?!"
I am submissive to my husband yet I called two other men to ask what I should do when my husband already told me what he wants me to do. That doesn’t make sense. Ma’am a partnership does not look like what you presented us with today. You two need to discuss how y’all can budget for childcare as was advised and you bother keep working.
Zander was almost double the cost for the same coverage than what I found elsewhere.
13:42 Shut up.
Take the rentals.
Sell the rentals and use the money how you would if they left you money.
Yes, have your wife say no thanks to the nightmare that is a time share.
Sounds like the thing to do
I didnt understand that one also
I know......very, very foolish. Get a property manager, and you can deduct it from your taxes.
@@eightiesaddictone9063 I understand not wanting to be landlords, but there's nothing saying they HAVE to continue renting the houses.
The guy Sounds a little arrogant, I wonder if it was his parents. Plus they could just leave it to their daughter only
George crushing on Mike Rowe’s voice. Lol!
Loved that letter from Steve in MS 🤣
Personally, I would take the 401K match and put in the 6% to get the 10%. Contributing to your 401K in the earliest years adds up really fast with the compound interest, and that's a HUGE return given the 10% match. If you're otherwise "psychologically disciplined" and are still able to pay down he debt in terms of your income, there's no reason not to do the match. If you literally cannot pay down the debt without that 6% of your income, that's another story.
I agree
Why is someone, who already has an attorney handling the case, call into a radio show for complicated estate and trust advice?
Because they don’t like the answers their attorney is giving.
@@unaveragejoe7107 OK - but complicated estate and trust matters cannot be handled by someone without legal training, so ask another attorney rather than a radio show based on getting people out of debt. The up front cost would be well worth it - and pick the attorney you feel most comfortable dealing with. I've said MANY times this show would benefit by having real experts on from time to time to take calls like this, rather than the "personalities" who almost never veer off the baby steps. DR might be very successful, but he is not an attorney and I rarely hear on this show the words, "I don't know." IMO it is irresponsible to give legal advice in a call of only a few minutes to this kind of a very complicated estate/trust situation.
Attorneys are people at the end of the day and they can be wrong
I think her brothers or sisters don't want to acknowledge this long-lost brother. Truthfully, the father is negligent to try and foist this on his kids to deal with.
@@HavocFactorTV And so can people on this show - and frequently are.
Thank god its George and Dave today!
Great show, thanks
why does he have to work out of state? Move the family there
@@mommyreed2 She probably can't due to her kids custody agreement
He needs to find an instate position. Because that out of state lifestyle is a pay cut.
Most likely they will be divorced within five years
Right?
1:47:53 love when dave imitates people 😂😂😂
1:47:59 George cackling in the back 🤣😂
for that house issue... capital gains is based on sale price so that could cost them down the road.
Dang... That's a tough situation for that James fella from SLC... Wishing him and his awesome wife a good future together❤❤❤🥺
800k in crypto and didn’t sell? Crazy
diamond hands bruh
The juice ain't worth the squeeze! 🤣😆
I found this in my mail yesterday. I just had to share. TH-cam won't let me paste, but it was a flier from Sam's Club, because I haven't actually canceled the card. "Get an extra $20.00 Sam's cash by spending $1,000.00 outside of Sam's Club between 7/17 and 8/7." Yup. A thousand bucks in 3 weeks. Some people might actually do this.
Omg the lady at one hour twenty minutes. Do you have a nest egg, yes or no lol.
She was so annoying.
She was too busy having EIGHT kids to worry about that. Wonder why they couldn't save any money....lol.
Some people just don't know how to answer a question without telling the life story. OMG 😂
It sounds to me like the guy with the Philippine father in law is not only being scammed but is in a romance scam; its a female friend he used to know, he sold his house and is planning to go back to the Phillipines. That person is waiting for him to come with the proceeds from his house. Once he shows up without the money, that person will be gone; he'll know immediately that it was a scam then.
What everyone wants to know: Who does Dave Ramsey, George Kamel, Rachel Cruze, and crew use as a financial advisor?
Dave i ordered Georges book from the library looking forward 2 reading
valuable info TY 😊
Same!
George’s *
Will this and the classes help both husband and wife on disability and can't work? My husband was just diagnosed with Alzheimer's at 54 and getting things repossessed all I have is a Etsy shop
Yes
Taking a child from the other parent is down right EVIL.
To the caller who's father in-law invested money to the Philippines for a 50% return. I am 101% sure it's a Ponzie scam. I've seen a program from the Philippines where Filipinos got scammed with the same modus operandi where the investment is for some government projects.
If everyone followed this plan, where would the money come from ?
If everyone would post time stamps of the individual colors conversation involved in these two-hour-long shows on the Ramsey Solutions TH-cam channel, then not a single person would be confused about the particular comments that people just like you make trying to figure out which color it is coherent to -_-
It's not complicated Post Time stamps
George is my fave! I am giddy when i see its him.
What.the lettest news today sir minsan mag maretis din Tayo hirap pag lagi serious😂❤🇵🇭✈️
Dave! Philippines are South Pacific, Asian.
Could Steve and the original home owner do a quit claim deed to transfer the house to him and assume the mortgage with a refinance? Would that avoid the mess with calling the loan note or would that still be the same outcome?
Short answer, same outcome.
Assuming a loan and refinancing are different things.
Not all loans are assumable (someone else becomes responsible for the payments). While this could work, most if not all conventional loans do not allow it. So unless it’s a VA, FHA, or USDA loan, it’s probably not an option.
Refinancing (same borrower, different terms) doesn’t change financial liability to the new owner. A person also wouldn’t be able to refinance if property ownership were changed.
A quit claim deed removes someone from the deed. His name isn't on it at all, so this wouldn't be an option.
Staff finally told Dave to say “rocket science” not “rocket surgery” 😂
With the abduction case, I think it’s kind of cruel to ask him to change his name. If he’s had that name all his life, through no fault of his own, it’s his identity. He’s likely going to question his identity anyway, but why force him to adopt a new (to him) name from someone that he likely doesn’t remember? Seems like that should be his choice. Not to mention, who knows the mess that could create for him if he’s established himself under that name.
Filipinos are Asian, not Hispanic. Someone needs to edit this asap, plus educate him and his staff.
Handyman business - you not only need to show up on time, you need to stay with one job and FINISH it before moving on to the next. But I don't agree that is all someone needs to do. I would never hire someone who is not bonded and insured and who has references. And I think it's very irresponsible to take on jobs at people's houses without being insured. We hired someone to work in our garden and he did great work until he mistakenly cut the gas line while my husband and I were out to dinner. He had no insurance and that was an additional $800 bill for us because we hired him without checking everything out. Lesson learned.
$25 grand for IVF is cheap. I’ve done three rounds and shopped IVF costs across two states.
Check CNY Fertility
Rice and beans all the way!
It seems her ministry work would be done after school hours. Am I missing something? She works later in the day/evening and maybe weekends, he works during the day and they have a sitter for the overlap time.
I would take the mulifamily house and sell it after and accept it from them to make them hsppy
im watiting for the day dave is the second ha ha
Once for a segment, he traded places with Rachel
Hire an hiersearch firm!
I don't think it's a grumpy thing. That guy with the non-mortgage deal scared the poop out of Dave. That level of fear would grumpify me big time!
What in god's name do people think they are doing with so much money and NO CONTRACT!?
"BUT MY 3% INTEREST RATE😢"
Dave sounded like he got out the bed on the first call lol He didn’t try to motivate her at all. Sounds like he has a cold so maybe doesn’t feel too good
He sounds like he has a cold, must be the summer cold that’s been going around I think.
1:55:51 oh my! That poor mother is struggling to please everyone. Working moms can be wonderful mothers and stay at home moms can be terrible moms. There is no magic recipe. Do what feels right and works!
Love Dave's Tough Love!!🎉🎉🎉
Handy man needs liability insurance!!!
Debt sucks. But welcome to the world we are in
George!
Time share people are annoying. They are relentless.
I relish rice and beans. Why is it so bad?
might as well hold that crypto.......it would have come back around to that 800 one day
"Replace every lightbulb" - George is hilarious!!
19 k x 12 = 228 k net
228 k net equals 57% of 400 k. She said that was net of income tax,.savings and insurance. The guy has a new wife and three kids from a previous marriage so his insurance costs (and malpractice insurance) are probably astronomical. The math absolutely works.
Dave and George with their tax denialism just end up sounding stupid.
19 x 12 = 228
@@amireallythatgrumpy6508 Thank you. I've corrected my post.
Thank you…seriously feel like I’m crazy when they question someone’s take home pay. When I’m “single” and not able to claim my daughter that tax year…I have about $1000 a check come out for taxes. But I live in a state with income taxes.
Dave always has me confused when he says someone makes whatever amount monthly and they have so much to put on debt. It’s like he doesn’t account for taxes.
@@jjkatz He doesn't. It's against his system. The worst thing is he calls himself a math nerd....
WHY do people have that many kids when they haven’t even gotten close to getting their life together. It would take a short period of time to get your life together without kids…it can take forever with kids. He may be a doctor but he isn’t very smart. She is worse. Also, I’m a doctor’s wife. They had to make all the bad choices to be where they are 😂
Dave just mixed Filipino with Hispanic 😂😂😂
Where is the cancel culture!?!?!
I caught that. Ooops. But he’s also the guy who blames fauci for the Covid virus so…
Philippines is a Spanish speaking country.
@@trinasaussiegarden244False. Not everyone is able to speak spanish
Well, it was partially colonized by Spain once, so they do have some kind of hispanic heritage 😅
@@trinasaussiegarden244They speak Tagalog not Spanish
Dave has a summer cold. It’s going around.
Does Dave drink beer?
Anyone considered that Phillipine dad may be mentally ill?
27:30 people don’t take off and change their names because things are all hunky dorry. This family is a bag of nuts.
Wow, Keisha could have been a millionaire by now. That's tragic. 😢
She could also be laughing because nervous.
1:37:05 is hilarious with that match. Yall were not impressed without actually knowing the details of the debt.
Actually genius!
Another family with a million kids who can't retire anytime soon. Actions have consequences.
Dave stole water…. Cap
The guy that bought 12k of crypto and it turned to 800k and back down to 16k sounds like Hex crypto he bought wish he sold the top.
we didn't hear the whole story, he was cut off. Sounded like he was about to say it bounced back big time but Dave and George weren't hearing it.
“Pim”?! Is a name? 😂
I used to know a Dutch guy by that name, don't know if it was a nickname or his real name, but that's what he went by.
I know a couple Pimchanooks
Short for Pimtillerjeroo
I think "Pim" was a nickname that Anne Frank called her father. That's what I thought of when I heard it.
You always take the match. You just have to be disciplined and also attack debt. Which is obviously too difficult for some people. A 6/10 match is a no brainer.
Well here's the kicker if the math doesn't work out involving taking the match while being able to attack that debt worth a crap meaning one is in an income crisis mode involving any and all debts versus actually being able to live and I don't mean eat out for food or having a Netflix subscription or even a middle tier class of Internet subscription each month at home I mean just basic life necessities, then no. That person cannot afford to take the match and that person needs to attack the debts like the debts owe him or her first
Needs must come before wants... otherwise you can't call yourself an adult
1:49:00 is the realest i have ever seen Dave. I thought Dave was a hard right conservative wing nut holding traditional values for the sake of the cult.
I WAS WRONG! I AM WRONG!
Dave is a sensitive reasonable intelligent man that understands money and peoples psychology towards money.
I respect this man.
The lady from Waco and her husband will be working until they are 70!!😬😬
Libby…. Pause. Pause and observe. Wow.
Why would the guy not want to inherit two rentals…seems like a weird reaction. I wish they would have asked that question.
Never look a gifted horse in the mouth
@@munkeyrideri feel like you got that saying wrong lol
It means would be like picking out a dent on a free car
@@evanhamilton7969 A “rental” is just a property, when you take ownership you can evict the tenants and then sell it immediately. Seems like a no brainer to take the inheritance.
@@evanhamilton7969 That’s fine to discuss with the parents but don’t just say “no don’t want it”, sounds ungrateful and pretty dumb financially. Take the free money.
To bad the words in law meant what we thought they meant,so dont give me this my stupidity.this country is nothing more than a private business that owns the title to your legal name.and I don't think filing out those same peoples business forms is the answer either.because what happens when you're local officials says they don't like something you do naturally,they call it a crime and make you a criminal.your all human beings.....and look that word up in Bouviers 4th addition legal dictionary.but when the people need a leader "we will supply him one" Albert Pike" so this corporation needs to come clean on some stuff or at least behind the scene keep individuals in compliance,i didnt make you build your kitchen public official, so make the account balance out because thats what you choose to do,so you think i become a tradesman for my public officials to own my legal name. Jesus told us about these money changers.and the same ones that have been kicked out of almost every country is now doing it to us,here on our own native land.i don't want to be anyone's commercial property.
Mum scammed.
lol I believe in being a submissive wife
Can't believe this conversation. Are they living in the 1950's?
Y would u marry a man with that amt of debt?😮
People are crazy like that!
Because he’s a doctor. Did you hear they paid off 100k within 2 years and they weren’t even paying aggressively? Imagine if they got aggressive. It’s not like he has a 100k salary with 500k in debt
Yea they could pay it off in 2 years easy and then have that crazy income to enjoy
Love? Just a guess.
@@RS-xq4hf Right? That's what Jade did.
(BS7) yet another show without a debt free story and scream.
I am still seeing a lot of people commenting on these Ramsey Solutions TH-cam Channel videos without posting a timestamp. Big hint people, it's a 2-hour long show and for some reason the editors at Ramsey Solutions who upload these videos never put timestamps on an individual color basis or as well as their advertising segments thus it is up to you all the individual to post a timestamp involving your comment to make sure that people can quickly reference that part of the video if they want to engage in any intelligent conversation. It's not rocket science
Dear friend, it's "caller," not "color." 😀
@@user-ks5bw6po9r when I was about to correct AKA edit that part of my comment I got sidetracked at work. My dumb phone often will post color instead of caller😅
@@user-ks5bw6po9r no shit sherlock. It's called my idiot phone's voice to text misunderstanding what I said when I told it caller instead of color
It breaks my heart when women think they have to choose between careers they love and kids. Men don’t so we shouldn’t either!! Tell the hubby to get with it. It’s his kid too!!!!
I believe it’s rude as hell when a person is still speaking for these guys in the booth and the guys who control the music to turn the music up not cool at all man not cool
That's the automated "You have 30 seconds - wrap it up or we go to break" warning. This is broadcasted on live radio. The station will go to break at a preset time whether they're ready or not.
Dave needs to stop being cranky and really understand that people calling in is the reason for this show existing. Embrace it, understand people aren’t wise, and stop being cranky.
It's exhausting when I listen to flaky Christians chirping the same rhetoric without wisdom. Minimalist or not you need financial peace in your household. Read the bible version of a virtuous woman. She works lady.
Nathan please do not listen to this.. if your employer matches your 6% with 10% that is a no brainer!! The reality is that you won’t see much difference in your take home pay as the money comes out pretax… it is so frustrating that Dave is stuck with his rules like they are written in stone. EVERY financial decision is unique and should be considered. It is unreal that Dave can still offer this advice when it is just unsound logic.
Than it’s the listeners own plan. Which is fine. But Dave teaches his plan. Which works, and so may someone else’s which is fine too.
Dave, don’t count us new realtors out because some of us have a great support system to help us through our first transactions. How will we get a chance if you discourage people to always use experienced agents?
Nathan needs to get out of debt. $135k in debt is ridiculous. It'll take them much longer to pay it off if they try to take advantage of the match. Broke people love to cry about the match because of the math. If they really valued the math they wouldn't be in $135k of debt 😂
Your advice doesn’t work nor does it help! People need to get out of debt to win financially! So Nathan stop investing temporarily and pay off your debt so you can invest more later!
Dave knows the potential that Nathan has to make alot more than the 50k he is currently making. If he stops investing temporary it will cause Nathan to go out and learn that he can make alot more than that 10% match could ever pay him and he will eventually leave the low paying job.
Rich keep getting richer and the poor keep getting MORE poor by the second !
Broke boy
Because the poor keep making poor decisions with what they have.....been there.
@@karendefusco6825 na it’s because rich people need more profit for some stupid reason
@@HOLDXSTEELpoor people do tend to make immediate decisions that help them short term but hurt them long term.
You are wrong. We were poor and now we are getting richer.
I can’t believe Dave said Nigerian prince involved can’t get anymore
racist. 46:00 smh 🤦🏽♂️
Kobe woke somewhere else kid. He's not Prince Nigerian scams are still going on today even though they're fewer and further between than they have been in years past. And it's not any white person's problem that the vast majority of time it is from Africa that this particular scam originates from, duh. It's also not the white people's fault that black males between the ages of 13 and 48 years old throughout the past 45 to 50 years in the Continental 48 continuous United States of America have been literally committing more than 75% of all violent crimes across most of the nation and those are just the crimes that were just reported by local news media Outlets as well as information involving convictions or arrests featured in local newspapers
Are you going to whine and call that racist against black people also? Facts don't care about your feelings know your skin color nor your political affiliation nor your religious preference
Grow up and get over yourself kid
Somebody needs to put the Internet down and get some fresh air...
lol it’s not! Nigerians are well known to be scammers. Heck even my nigerian coworkers admitted this and warned me bout it
I feel sorry for George. He’s like this little lap dog who will do anything or say anything to please his master, Dave Ramsey. Can you imagine working in an environment like that?
Dave is so controlling.
I love Dave, but the dynamic is noticeably different when he's there, while the "personalities" are plenty capable on their own. I worked for a southern boss like that in the past. It was like everyone held their breath when he was around.
Yup he’s just there to kiss ass and agree to everything Dave’s saying.
"Trust not a woman when she weeps, for it is her nature to weep when she wants her will"
- Socrates
Hey! Do you know how to say M-I-S-O-G-Y-N-I-S-T??? I'd bet two of you added together wouldn't make half a man.
Guess your down on KUNTS, huh? What's the matter? Never had one before??
A man that makes 400k a year doesnt know how to fix his own cars. Embarassing
.......does he need to know how to wire in and install a new HVAC unit and pour a concrete pad? C'mon man.
Why should he know how to do it when he can well afford to pay someone to do it? I’m sure he has plenty of skills that a mechanic can’t do. What a stupid comment