Cut my last CC ($300 limit) seven years ago, paid off the house three years ago, made my last $300 car payment Friday. On $37,000/year I'M DEBT FREE! Car payments will be diverted to investments.
7 years wow That took focus! Hopefully your diverted $ is partly in safe investments for your next car repair/replacement fund..like" i bonds"... only 6.2%, but guaranteed.
35:00 this hits home 😢... smh where was Ramsey 30plus yrs ago... it's like you have a crystal ball .... I am 49yrs old and I am just starting to learn how to say "no" and not feel guilty about it.
I grew up in a basement apartment.. Mom , Dad and three kids. When I was 11 years old, my dad built us a house. Bigger than the apartment, but nothing fancy. People now want it all and live above their means.
I live by, I don't lend money unless I'm writing it off as never getting it back. Then even if their "intention" is to repay me, it won't hurt me because it is no longer accounted for.
I strongly agree with downsizing to have the wife stay at home during those years. I grew up with a stay at home mom and I wouldn't have traded that for a better house to live in. Much better to have a parent at home to bring up the kids if possible.
Before they make that move one thing I would look into is refinancing the loan IF property values in the area have risen like so many have. Maybe they can get those payments down to something more reasonable.
🔥 Reminder. NEVER let relatives know you have AVAILABLE cash. EVER. Then Uncle would not have known that money was there to begin with. AND That money for the 21 year college student was never AVAILABLE.
This is why I like the move in silence “movement”. How did her uncle know she had that money? When you live in a super dysfunctional family and you want to get ahead, one way of doing that is keeping your plans to yourself.
🤔Who borrows $15,000 to pay a hospital bill? I worked in Patient Access (i.e. taking the money) for 4yrs. In most hospitals, there is a program called Financial Assistance, which he Probably qualified for. My heart goes out to the young lady. She’s learned a very expensive lesson. This story makes me mad. And, makes me wonder if all that money went to the hospital🤦♀️
@@lsmith6718 I believe he just stole that money. I’m sure the hospital billing talked to the family representative about her grandpa’s bill and then directed them to help for low income patients. I wouldn’t be surprised if she tried to sue the uncle and the lawyer investigated and found that to be the case
If I was in her situation and felt the need to help out I would not have given the uncle a dime. Instead I would have payed the bill directly. For all she knows he didn’t pay the bill and spent the money like stated above. When you mix family or friends with money it rarely works out well.
I’m a broke person and I tell broke work colleagues what to do with there money, also I tell them to find wealthy people in there lives to go to in order to invest there money successfully. Broke people can be a great asset to you to. Either not to repeat there mistake, or do what they tried but with a better understanding or outcome.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
Having monitoring my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
The adviser I'm in touch with is Margaret Johnson Arndt . You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
we traded a house payment that was 1700 a month for a paid off single wide house on paid off 2 acres of land (thanks to an enharitance) so I could stay home and homeschool our kids and it was the best decision we made and now were saving to build a house in cash in 10 years. downsizing is a great choice if it is what YOU want, dont worry about what other people think they are living like everyone else. we as a community are trying to change our family trees :)
O my lord. Kathy is 21 now Dave, he took money from her a year and a half ago and still didn't return a dime. He robbed her when she was 19 Dave, she's 21 now, a year and half ahead. So effin sad!!! Kathy, if you learn something besides don't lend money you can't part with and above all else keep your financial information for your self. Sorry this happened to you honey.
Just started my financial peace university course! Half way through baby step one! In one day of work I’ll be done before the end of the month than tackle that debt with VENGEANCE💪🏾💪🏾
Absolutely love when Dave and George host! The two together are the best personality matches of the show. Love George's quick wit to match Dave's brilliance.
I have a manufactured home and I love that I am almost done paying it off. I have 8 acres with a view and 600 a month for a 4 bedroom home. In my area, where its very agricultural, they can go for 200,000 with the land. I don't regret my investment when I see my friends with big mortgages that stress them out.
Yeah that happened to me also when I was also 21 years old and living at home....with my father borrowing money from me for the mortgage, and I was living at home and going to school (California is expensive). He bullied me into saying "Well you want to live here don't YOU!" "You have to take care of family!" (He said the same thing). I was being bullied and let him borrow it. I was able to drive my mom's car during the summer while I was waiting on buying a car....I never got that cash back... BUT eventually I forced him to co-sign for a car bought at the end of the summer (I had no credit at the time). It was quickly when I learned that my childhood image of my father was NOT the same as an adult. He is not great at honoring his word with finances. He is an impulsive person. Ever since then I kept EVERTHING separate... no joint car insurance, no joint phone bills... nothing.
Was he borrowing your money, or was you paying rent? If it's the latter, I see nothing wrong with that. Teen and adult children need to make some sort of financial contribution to the household if they're still living at home, it prepares them for real life. I did so without even being asked when I came of age. Children who earn an income and still live at home but don't make contributions to the household (whether the parents make them or not) seem to become lazy, spoilt and self entitled.
Is that not rent?. If you were over 18 should you not pay to stay in your fathers house ? My adults kids are not staying in our house for free. Once they hit 19 I want rent. I give them a year to figure it out.
My mom ( single mom of 5 boys) kicked me out at 18, I was not prepared to make it in this world thanks to my mother feeding me to the wolves. You had a roof over your head. You should help with the mortgage. You didn’t let your father borrow your money. You helped the family with a mortgage. Don’t go to school in California if it’s expensive. Try working full time for a friends uncle, paying rent on his land/property and coming home to your car missing, going to said friend who lives nearby and asking where your car was while you were working all day, your friend says “ I sold it” at age 19 trying to rationalize that. Than responding “ do you have any money from the sale for me” than he says “ no I broke even off parts and labor”. So than you tell his uncle in 2 weeks I’m moving, so you expect a final work check and security deposit, you work the 2 more weeks and than his uncle said “I don’t owe you anything, because you can’t prove anything, now get off my property “. So you move out at 19 with no car, no home, and no idea or option on what to do, and have a girlfriend to care for. How’s that for growing up and being taken advantage of. Perspective. That’s 1 of many true stories I have.
This sweet young lady is a prime example of why personal finance and money principles should be taught in school, starting from a very young age. I was lucky enough that my parents taught me, but if your parents aren't good with money, then where else are you gonna learn??
Like every thing in life…. Sink or swim lol! I send videos to my nephews and nieces about money management because no one showed me before the internet. Whether they take heed or not, I’ve done my part!
My daughter's high school is teaching it. It will change these kids lives. Low income area. Plus it helped me communicate with my daughter about how to handle and respect finances etc.
Love the Ramsey show and believe in most of what he says. I still use a credit card but use it like a debit card, always pay it off in full every month, and stick to my budget. I get 5% back on my CC purchases and no fees. Yes 5% back is not going to make me rich but it does add up!
Don't ever loan money you can't afford to lose. Period. Larry Burkett said this I believe. Yes, I'm that old but debt free including mortgage on our house. I'm a stay at home wife now running an Airbnb in our home. More vacation rentals are coming as we build wealth. Thanks Larry Burkett and Dave Ramsey for your "wealth" of knowledge.
Oh what’s with the hate on George?! I met him in person when we visited the studio a few years ago, and George was so sweet and funny. By far my favorite personality of everybody!!!
Lol. I’m with George! I have a 2010 Ford Fusion I bought used with a few dings on it now. I don’t plan to get rid of it anytime soon. Not until kids outnumber it (realistically my husband and I will probably swap vehicles then- he has a 2014 Honda Pilot) or it no longer runs 😂! We are debt free and working on BS3B, BS4, and BS5.
🤔Who borrows $15,000 to pay a hospital bill? I worked in Patient Access (i.e. taking the money) for 4yrs. In most hospitals, there is a program called Financial Assistance, and he PROBABLY qualified for it. My heart goes out to the young lady. She learned a very expensive lesson. This makes me so mad, And makes me wonder if the hospital actually received all of the money🤦♀️.
I tried to apply for that one time and I was told that I had to pay so many hundreds of dollars first and if it wasn't approved within 3 months then it was all due. With interest. And by the way it can take up to 2 years to get an answer on your application. And that is called financial assistance?? 😢@@ThemommaBear195
Wow! This is the first time I listened to you. This is a little bit of everything. A lot about boundaries, values, God, straight forward and direct. LOVE.
@7:45 I feel personally attacked. I drive a 1994 Honda Accord that I've had since 2012. 300k miles, no payment, cheap insurance, and I couldn't care less about door dings if you could even find them at this point.
You know what happens if you can't pay a medical bill? Talk to the hospital, not a 21 year old. What a scummy uncle. My wife had a 2 week hospital stay and a c-section last year and it cost 5k. We're in baby step 2, but eliminated all our saved money for the baby due to serious complications (leading to over 100 day NICU stay). A hospital will work with you, usually with a very low minimum payment and 0% interest. This sounds like the uncle wanted to scam her.
Don’t ever lend any money you are going to be needing down the road. Lend money only if you are ok to part away with, if you get it back it is a win, if you don’t then the thing you lose is trust on that person.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos
now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?
Yes Dave Ramsey is King of every Christian Church!!! His Teachings are coming to our Church in January 2023!! Im sooo excited 😊😊😊My finances need total help🙏🏽🙏🏽🙏🏽
@@darkchaotix2007yesss Totally 💯 JESUS is King of every Christian Church ⛪️ so crazy because our Church did not have the Ramsey to come they had another guy “I was broke and now I’m not” that was the name of his book but his training is so much different than Dave Ramsey’s and I tried it but I failed so I wish they would have brought Dave Ramsey 😂lol still trying in October 2024.
Use all of the truth as much of your advantage as possible! I'm always surprised when people will not fight for themselves when they are in the riight!
The sad thing is they have only been in the house 2 years and if you use a realtor to sell the house and you pay them 4-5% just to sell your house. Try to sell it yourself.
The Ramsey kids were raised riding around in an Astro! I knew Rachel and I were twins! And it's "fewer"..."we need fewer children in this family." (Pet peeve)
Stay home with those babies!! Think about the childcare cost, clothes for work, mileage and wear and tear on the car...you'll use up her salary pretty much!! Hey George, keep your car, dude...I'm driving a 22 year old Honda mini van and it works great...not ready to drop 40k on a new car yet...have the money, but why, when you can drive a paid for vehicle.
Right? I have a 2005 Saturn Vue and a 2007 Hyundai Santa Fe. Both paid for and I will drive them till the wheels fall off. There’s no way I want to take on payments or buy a car in this economy. It’s a total rip off!
Yes. I had an older cousin borrow $100 from me when I was 11 years old. The money was a gift from my aunt and he basically manipulated it from me. Needless to say, I never got it back. Still bugs me to this day.
That Pariah preyed upon his own family, disgusting! Be strong Cathy that idiot Uncle just showed you who he is and you don't have to ever deal with him again, he no longer exists.
I hope the uncle did pay the hospital bill and didn’t blow the money. Also, why would the uncle even know she had the money saved, keep your finances to yourself.
Exactly! I am afraid she was taken advantage of, hopefully her dad or a free attorney will be able to insist the money is paid back. Uncle may need some strong arm persuasion.
Why? Because followers of Dave's plan think that there's no such thing as good debt. Not to mention, we should all be people of integrity. If you received medical services, then you should pay for those medical services.
@@mikeghiradelli1163 She didn’t receive any medical services. Neither did her Uncle, so what exactly is your point? Or are you just blubbering to feel superior without any regard for the actual facts of the situation.
I posted my Honda 2005 used on Facebook I felt like it was a brand new car man honestly Not having a car payment is the reason I’m a homeowner now I was able to save a really good down payment for a house
1 was able to scale from 0 to 90 units and creative financing was a big way to scale fast. With it becoming a buyers market and people still wanting seller market home prices, creative financing is the win-win situation. Your price, but my terms. If you can master off market lead generation and creative financing, you can scale big in 2023. I still work a W2 as I stabilize my 90 unit portfolio.
Funniest thing I head was on TikTok that Dave’s advise doesn’t work for millennials and younger because you have to have fun experience and make memories when young. 🤦🏻♀️🤦🏻♀️
Dysfunctional families: my mother-in-law gifted my son $20k over 2 years to pay for his college. My younger daughter begrudgingly got $10k. She always made it clear that my son was her favorite. She said she knew when my daughter was 3 years old and wouldn’t hold her hand (during her yearly visit from across the country), that they would never be close. She doesn’t understand why my now adult children don’t like her. 🙄
Hahaha. The comments were hilarious! I might start reading them from now on 😂 I think George is great. Especially together with Dave, the duo is hilarious. I think is the millennial comments he throws at Dave and Dave replies are the best
Is this why money is the number one reason for divorce? Is financial infidelity cause for divorce? Can you have a healthy relationship without trust or respect? What is the solution? Separation? Divorce? Keep fighting?
Can’t spell US without TRUST. Both partners need to be in agreement that they trust each other. If not some elbow grease needs to be applied. Long term relationship success is hard work and takes time to build. But a fraction of a second to ruin. Treat the other how you would like to be treated
for our first child both my wife and I took 2 years off and stayed home. no debt except a house we purchased 5 years before. for the second kid (two years later) my wife took another two years off of work while i started working again. wife as a teacher new that will bump her retirement 4 years out (me a high school dropout). also knew our savings that we have will take a big hit. BUT that's what we valued more then MONEY. 17 years later (after the 1st child was born) NO debt what so ever, $750K+ in 401Ksss, $300K in payed off house and $200K+ in liquid (I know missing opportunities beening liquid) we can retire at 60 (in 10 years) and make more then when we worked. ****the point is we looked at our numbers, then set our priorities.*** what ever you choose in life, you are right as long as you don't look for others to do for you what you decided to do.
When you say “look for others”, are you implying you can’t rely on a helping hand from family or friends ever? What about a parent’s responsibility for their children? Or what is it, at 18 everything lands on the new adult regardless of if the parents prepared him/her? Hmmm
Anyone here from Cleveland Ohio? I need motivation coz this debt free journey is hard without cheering squad!!! Down to 60k from 78k in student loan in 6 months and I'm feeling the burn!!
You can buy 100 houses in your lifetime, but you only have one chance to raise your kids. Call me traditional, but kids need their mom, especially in the early stages.
I'm a mother of 2, did ft work, ft school, dropped to pt school, was team mom for my daughter's cheer team and went through morning sickness with my 3rd kid during my final classes. No excuses. I got my 2nd degree and walk at 7 months pregnant in June.
Mothers do it all the time. My mother did it with 3 elementary school kids under her belt. It wasn't fun or easy, but she did it and was able to significantly increase her paycheck with her new and improved skills/degree after 4 years of grinding it out. You can definitely make some adjustments in your schedule and get it done. It will be painful, but it's not impossible.
The call about the son cutting mom off hit home for me. My daughter did a similar thing to me. It's definitely not easy to deal with but it was her choice and I've told her my contact info hasn't changed..
The college kid should not have let her finances be known. If the uncle is in his 40s, the dad probably on medicare...the uncle did not use the full 15k on hospital. She should go to his dad's family and inquire.She should also email or text every communication so he will admit in writing....maybe ask him if he can make payments, and his response may confirm the loan...Be very nice so as not to put him on defensive...
I'm just saying...MISTY might be the problem. A boy is psychologically drawn to his mama...it takes A LOT to leave & it isn't just dad's opinion of her. She's not telling the full story at all.
Cut my last CC ($300 limit) seven years ago, paid off the house three years ago, made my last $300 car payment Friday. On $37,000/year I'M DEBT FREE! Car payments will be diverted to investments.
Good job...congrats!
Good for you! I'll bet you're totally enjoying the debt free life?
🥳🥳🥳🥳👏👏👏👏👏so awesome! Great job tackling the debt!
7 years wow That took focus! Hopefully your diverted $ is partly in safe investments for your next car repair/replacement fund..like" i bonds"... only 6.2%, but guaranteed.
$300 limit? Jeez I probably put $1500 on the card every month
35:00 this hits home 😢... smh where was Ramsey 30plus yrs ago... it's like you have a crystal ball .... I am 49yrs old and I am just starting to learn how to say "no" and not feel guilty about it.
I stupidly also learned to say NO decades later! My kids didn't even ever say , " Thank you." instead said, " I got it." ( check, presents...)
9k left of 33,000 in student loans making 55k. Less than 5 digits finally I can see the finish line
George you and Dave combined are the best!! Keep it coming on the fine print please and thank you for all you do 👍🏻🖖🏻
Great job.
Congrats 🎉 keep on keepin on 🚂. You’ll be done before you know it.
Way to go
That’s awesome progress! Keep going! It’s so worth it!
I grew up in a basement apartment.. Mom , Dad and three kids. When I was 11 years old, my dad built us a house. Bigger than the apartment, but nothing fancy. People now want it all and live above their means.
I live by, I don't lend money unless I'm writing it off as never getting it back. Then even if their "intention" is to repay me, it won't hurt me because it is no longer accounted for.
I strongly agree with downsizing to have the wife stay at home during those years. I grew up with a stay at home mom and I wouldn't have traded that for a better house to live in. Much better to have a parent at home to bring up the kids if possible.
I think all married couples with children should have the mom stay at home 💯 homeschool while they are at it☺️
Before they make that move one thing I would look into is refinancing the loan IF property values in the area have risen like so many have. Maybe they can get those payments down to something more reasonable.
@@phoebelee55 i don't. Not every mother is great at homeschooling or being a mom.
🔥 Reminder. NEVER let relatives know you have AVAILABLE cash. EVER. Then Uncle would not have known that money was there to begin with. AND That money for the 21 year college student was never AVAILABLE.
But but but, she wants the fancy house, the new car, the clothes, the jewelry and shopping at Whole Foods….
“They’re not gonna repossess your grandpa” Dave 😂😂😂
This is why I like the move in silence “movement”. How did her uncle know she had that money? When you live in a super dysfunctional family and you want to get ahead, one way of doing that is keeping your plans to yourself.
Health + stealth = wealth.
🤔Who borrows $15,000 to pay a hospital bill? I worked in Patient Access (i.e. taking the money) for 4yrs. In most hospitals, there is a program called Financial Assistance, which he Probably qualified for. My heart goes out to the young lady. She’s learned a very expensive lesson. This story makes me mad. And, makes me wonder if all that money went to the hospital🤦♀️
@@lsmith6718 I believe he just stole that money. I’m sure the hospital billing talked to the family representative about her grandpa’s bill and then directed them to help for low income patients. I wouldn’t be surprised if she tried to sue the uncle and the lawyer investigated and found that to be the case
If I was in her situation and felt the need to help out I would not have given the uncle a dime. Instead I would have payed the bill directly. For all she knows he didn’t pay the bill and spent the money like stated above. When you mix family or friends with money it rarely works out well.
THIS!!!!
“Unless you’re buying me a new car…”
“Well, indirectly!!” 😂🤣
That truck driver who called in is worse than a hot mess - he is financially and emotionally abusive!
I really agree, don't listen to broke people tell you what to do with money! I did that years ago, big mistake:(
I’m a broke person and I tell broke work colleagues what to do with there money, also I tell them to find wealthy people in there lives to go to in order to invest there money successfully.
Broke people can be a great asset to you to. Either not to repeat there mistake, or do what they tried but with a better understanding or outcome.
Can I just say.... I love George and Dave together! My favorite!
Same !!
Me too!
It's a perfect duo!
That rat bag?! lol jk jk!!! I love them too!!
1:13:00 "Very little debt, just $50k"
Dude... I would consider that swimming in debt since it's not his mortgage.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them.. well at least my advisor does lol.
Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
Wow, this is excellent! As a beginner, keeping up with all this information can be challenging.
Having monitoring my portfolio performance which has made a jaw dropping $473k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market. I must say it's the boldest decision I've taken since recently.
@@MarkFreeman-xi3rk Please pardon me, who guides you on the process of it all?
The adviser I'm in touch with is Margaret Johnson Arndt . You can use something else, for me her strategy works hence my result. she provides entry and exit point for the securities I focus on.
My dad did this to me and my mom forced him to pay me back. She never got her money back. I just now got out of debt. It took many years.
I sure hope Kathy is in a better place these days millions of miles away from her toxic uncle and family I wish her all the best from 🇦🇺 🤗😊🤗
He actually did this to her when she was 18 as it was a year and a half ago. Which makes this so, so, so, much worse.
we traded a house payment that was 1700 a month for a paid off single wide house on paid off 2 acres of land (thanks to an enharitance) so I could stay home and homeschool our kids and it was the best decision we made and now were saving to build a house in cash in 10 years. downsizing is a great choice if it is what YOU want, dont worry about what other people think they are living like everyone else. we as a community are trying to change our family trees :)
O my lord. Kathy is 21 now Dave, he took money from her a year and a half ago and still didn't return a dime. He robbed her when she was 19 Dave, she's 21 now, a year and half ahead. So effin sad!!! Kathy, if you learn something besides don't lend money you can't part with and above all else keep your financial information for your self. Sorry this happened to you honey.
Just started my financial peace university course! Half way through baby step one! In one day of work I’ll be done before the end of the month than tackle that debt with VENGEANCE💪🏾💪🏾
George it made my heart hurt when u read the bad comments from people you are a fabulous co host!! dont pay any attention love ya!!!!xoxo
I love George! He is the best!
He's not everyone's cup of tea and that's okay. Everyone is entitled to an opinion just how you stated yours
The uncle conned her to get the money for himself 💯
George!! We don’t cut people off, they will still be Grandma 👵🏽 & Uncle!! We just know how to tell them “No” ❤
I love your boldness Dave about the lousy uncle without integrity.
Absolutely love when Dave and George host! The two together are the best personality matches of the show. Love George's quick wit to match Dave's brilliance.
I’m so - x
I have a manufactured home and I love that I am almost done paying it off. I have 8 acres with a view and 600 a month for a 4 bedroom home. In my area, where its very agricultural, they can go for 200,000 with the land. I don't regret my investment when I see my friends with big mortgages that stress them out.
Yeah that happened to me also when I was also 21 years old and living at home....with my father borrowing money from me for the mortgage, and I was living at home and going to school (California is expensive). He bullied me into saying "Well you want to live here don't YOU!" "You have to take care of family!" (He said the same thing). I was being bullied and let him borrow it. I was able to drive my mom's car during the summer while I was waiting on buying a car....I never got that cash back... BUT eventually I forced him to co-sign for a car bought at the end of the summer (I had no credit at the time). It was quickly when I learned that my childhood image of my father was NOT the same as an adult. He is not great at honoring his word with finances. He is an impulsive person. Ever since then I kept EVERTHING separate... no joint car insurance, no joint phone bills... nothing.
Wow, I would never take money from my children, unless it was absolutely an emergency of some sort.
Was he borrowing your money, or was you paying rent? If it's the latter, I see nothing wrong with that. Teen and adult children need to make some sort of financial contribution to the household if they're still living at home, it prepares them for real life. I did so without even being asked when I came of age.
Children who earn an income and still live at home but don't make contributions to the household (whether the parents make them or not) seem to become lazy, spoilt and self entitled.
Is that not rent?. If you were over 18 should you not pay to stay in your fathers house ? My adults kids are not staying in our house for free. Once they hit 19 I want rent. I give them a year to figure it out.
My mom ( single mom of 5 boys) kicked me out at 18, I was not prepared to make it in this world thanks to my mother feeding me to the wolves.
You had a roof over your head. You should help with the mortgage. You didn’t let your father borrow your money. You helped the family with a mortgage.
Don’t go to school in California if it’s expensive.
Try working full time for a friends uncle, paying rent on his land/property and coming home to your car missing, going to said friend who lives nearby and asking where your car was while you were working all day, your friend says “ I sold it” at age 19 trying to rationalize that. Than responding “ do you have any money from the sale for me” than he says “ no I broke even off parts and labor”.
So than you tell his uncle in 2 weeks I’m moving, so you expect a final work check and security deposit, you work the 2 more weeks and than his uncle said “I don’t owe you anything, because you can’t prove anything, now get off my property “.
So you move out at 19 with no car, no home, and no idea or option on what to do, and have a girlfriend to care for.
How’s that for growing up and being taken advantage of. Perspective.
That’s 1 of many true stories I have.
**LAUGHING AND SPILLING COFFEE** Dave has thee BEST "Rich Dad" clap backs! The information is AMAZING and the jokes are the cherry! Bless you ALL!
George, I love the fact that you drive an '09 Honda Accord with body damage! Drive on.
I will never understand how people can go on his show and ask the most airheaded questions
It’s good though, if they’re here they can learn.
America is full of greedy wannabe rich people
"I just want to box your uncles ears" - Dave Ramsey
This sweet young lady is a prime example of why personal finance and money principles should be taught in school, starting from a very young age. I was lucky enough that my parents taught me, but if your parents aren't good with money, then where else are you gonna learn??
Your parents should teach you, the government doesn't want you to know
Learn on your own! You can read and research as a hobby. You don't need an institution except maybe the library
Like every thing in life…. Sink or swim lol! I send videos to my nephews and nieces about money management because no one showed me before the internet. Whether they take heed or not, I’ve done my part!
My daughter's high school is teaching it. It will change these kids lives. Low income area. Plus it helped me communicate with my daughter about how to handle and respect finances etc.
Parents can't teach what they don't know.
By the way did they teach you about the birds and the bees?
Stay home and raise your own kids. Priceless
Love the Ramsey show and believe in most of what he says. I still use a credit card but use it like a debit card, always pay it off in full every month, and stick to my budget. I get 5% back on my CC purchases and no fees. Yes 5% back is not going to make me rich but it does add up!
I pay my credit cards every Sunday evening. 5% gas, 5% eat out, 6% supermarkets. Yes it adds up!!
I do the same. And take the points bonus as gift cards for restaurants. We use them when traveling and helps to cut costs on the road!
Don't ever loan money you can't afford to lose. Period. Larry Burkett said this I believe. Yes, I'm that old but debt free including mortgage on our house. I'm a stay at home wife now running an Airbnb in our home. More vacation rentals are coming as we build wealth. Thanks Larry Burkett and Dave Ramsey for your "wealth" of knowledge.
I hope the couple are enjoying their new baby and now able to move ahead on the same page for money, marriage and family.
Oh what’s with the hate on George?! I met him in person when we visited the studio a few years ago, and George was so sweet and funny. By far my favorite personality of everybody!!!
Me, too.
It’s just the green monster. Jealousy. We love George!
Hi Dave and George, greetings from Surrey, England. I love your show. Nearly 100% debt free.
Make that 2 from Surrey England! GU25 represent!
I LOVE GEORGE AND DAVE!! Love the dynamics, funny and educational, love it! Keep these coming 🙌🏼
Lol. I’m with George! I have a 2010 Ford Fusion I bought used with a few dings on it now. I don’t plan to get rid of it anytime soon. Not until kids outnumber it (realistically my husband and I will probably swap vehicles then- he has a 2014 Honda Pilot) or it no longer runs 😂! We are debt free and working on BS3B, BS4, and BS5.
You don't need kids. Upgrade the car 🚨
🤔Who borrows $15,000 to pay a hospital bill? I worked in Patient Access (i.e. taking the money) for 4yrs. In most hospitals, there is a program called Financial Assistance, and he PROBABLY qualified for it. My heart goes out to the young lady. She learned a very expensive lesson. This makes me so mad, And makes me wonder if the hospital actually received all of the money🤦♀️.
I’m sure that uncle stole his nieces money and used the situation with grandpa to get it from her
EXACTLYYYYY
It is so so hard to get access to that help.
I tried to apply for that one time and I was told that I had to pay so many hundreds of dollars first and if it wasn't approved within 3 months then it was all due. With interest. And by the way it can take up to 2 years to get an answer on your application. And that is called financial assistance?? 😢@@ThemommaBear195
Wow! This is the first time I listened to you. This is a little bit of everything. A lot about boundaries, values, God, straight forward and direct. LOVE.
Give George a raise! He's really good
I’m up for the S.W.A.T Team Dave 👍🏻👍🏻👍🏻
Count me in!💪🏼
When my kids say, “butthole” 😡
When Dave Ramsey says, “butthole.” 🤣
@7:45 I feel personally attacked. I drive a 1994 Honda Accord that I've had since 2012. 300k miles, no payment, cheap insurance, and I couldn't care less about door dings if you could even find them at this point.
Very smart I keep trying to convince my spouse this is the best way to live
Yes! I love when Gorge Kemel on .. He my Favorite .. He tells it like it's..
It's spelled Jorge.
@Bryan Akers
Sorry I didnt spell it rite.
It's actually pronounced George Kamel!
🎤⬇
Life is great how we all have different opinions. George is simply a kiss a …, I miss Christy
@@jasondavis5300 Just messing with ya. ;)
She would have been 18 at the time the uncle robbed her.
You know what happens if you can't pay a medical bill? Talk to the hospital, not a 21 year old. What a scummy uncle. My wife had a 2 week hospital stay and a c-section last year and it cost 5k. We're in baby step 2, but eliminated all our saved money for the baby due to serious complications (leading to over 100 day NICU stay). A hospital will work with you, usually with a very low minimum payment and 0% interest. This sounds like the uncle wanted to scam her.
I always get told these words, " Well, don't you want him/her to have a good life?" Step-family sucks most of the time.
Don’t ever lend any money you are going to be needing down the road. Lend money only if you are ok to part away with, if you get it back it is a win, if you don’t then the thing you lose is trust on that person.
The borrower is never in a position of having excess to give back. She was only 21 & taken advantage of
I love the chemistry of these two!! So funny!!
It’s what I’ve been saying for the last few years. Family is a double edged sword.
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Best time to invest? thats funny though because in the last four months I have lost more than $47,900 in stock market which is the biggest I have loss since I ventured into stock investment.
you could be right or wrong depends on your expertise, I once made such loss when i invested thinking i have gathered enough trading skills from youtube videos
now its a different ball game for me because I was lucky to have met TERESA JENSEN WHITE, a financial manager and stock expert, I have made more than $165,000 in 6 weeks under her supervisions.
Really? people are cashing in from the stock market and frankly speaking its comforting seeing someone admit to the fact that they actually seek help from professionals. please how can i reach TERESA ?
search her name on the internet to reach her
Yes Dave Ramsey is King of every Christian Church!!! His Teachings are coming to our Church in January 2023!! Im sooo excited 😊😊😊My finances need total help🙏🏽🙏🏽🙏🏽
I get what you're trying to say, but Jesus is King of every Christian church.
@@darkchaotix2007yesss Totally 💯 JESUS is King of every Christian Church ⛪️ so crazy because our Church did not have the Ramsey to come they had another guy “I was broke and now I’m not” that was the name of his book but his training is so much different than Dave Ramsey’s and I tried it but I failed so I wish they would have brought Dave Ramsey 😂lol still trying in October 2024.
Use all of the truth as much of your advantage as possible! I'm always surprised when people will not fight for themselves when they are in the riight!
The sad thing is they have only been in the house 2 years and if you use a realtor to sell the house and you pay them 4-5% just to sell your house. Try to sell it yourself.
George, you are wise beyond! I love you and Dave!
George is fast becoming my favorite!
George will say what he thinks
100%
💯
The Ramsey kids were raised riding around in an Astro! I knew Rachel and I were twins!
And it's "fewer"..."we need fewer children in this family." (Pet peeve)
Stay home with those babies!! Think about the childcare cost, clothes for work, mileage and wear and tear on the car...you'll use up her salary pretty much!! Hey George, keep your car, dude...I'm driving a 22 year old Honda mini van and it works great...not ready to drop 40k on a new car yet...have the money, but why, when you can drive a paid for vehicle.
Right? I have a 2005 Saturn Vue and a 2007 Hyundai Santa Fe. Both paid for and I will drive them till the wheels fall off. There’s no way I want to take on payments or buy a car in this economy. It’s a total rip off!
That call where uncle took 15k from the college kid really bugged me. 😕😳 Family and business Rarely works out.
Yes.
I had an older cousin borrow $100 from me when I was 11 years old. The money was a gift from my aunt and he basically manipulated it from me. Needless to say, I never got it back. Still bugs me to this day.
That Pariah preyed upon his own family, disgusting! Be strong Cathy that idiot Uncle just showed you who he is and you don't have to ever deal with him again, he no longer exists.
it is hard to say no to family for me
Stop caring about what people think about your life unless they pay your bills.
"George that was said way too nice to hurt anyone's feelings."😀
I hope the uncle did pay the hospital bill and didn’t blow the money. Also, why would the uncle even know she had the money saved, keep your finances to yourself.
My question... Why pay cash for medical bills??? You can pay as little as 5$ a month without it going to a collector
Exactly! I am afraid she was taken advantage of, hopefully her dad or a free attorney will be able to insist the money is paid back. Uncle may need some strong arm persuasion.
Why? Because followers of Dave's plan think that there's no such thing as good debt. Not to mention, we should all be people of integrity. If you received medical services, then you should pay for those medical services.
@@mikeghiradelli1163 She didn’t receive any medical services. Neither did her Uncle, so what exactly is your point? Or are you just blubbering to feel superior without any regard for the actual facts of the situation.
I posted my Honda 2005 used on Facebook I felt like it was a brand new car man honestly Not having a car payment is the reason I’m a homeowner now I was able to save a really good down payment for a house
"...the seven people left on FB..."
LOL
1 was able to scale from 0 to 90 units and creative financing was a big way to scale fast. With it becoming a buyers market and people still wanting seller market home prices, creative financing is the win-win situation. Your price, but my terms. If you can master off market lead generation and creative financing, you can scale big in 2023. I still work a W2 as I stabilize my 90 unit portfolio.
Funniest thing I head was on TikTok that Dave’s advise doesn’t work for millennials and younger because you have to have fun experience and make memories when young. 🤦🏻♀️🤦🏻♀️
Oh boy ...
🤦♂️🤦♂️🤣🤣
Ha ha
Dysfunctional families: my mother-in-law gifted my son $20k over 2 years to pay for his college. My younger daughter begrudgingly got $10k. She always made it clear that my son was her favorite. She said she knew when my daughter was 3 years old and wouldn’t hold her hand (during her yearly visit from across the country), that they would never be close. She doesn’t understand why my now adult children don’t like her. 🙄
This sounds bad. Be happy with what you get. It's not mandatory to gift an equal amount of money or any money at all for that mather.
@@foolisz It’s unfair. I would rather have her give them nothing if she is going to play favorites.
My brother loaned me $2k. I paid him back. I’ll never hear the end of it.
Hahaha. The comments were hilarious! I might start reading them from now on 😂 I think George is great. Especially together with Dave, the duo is hilarious. I think is the millennial comments he throws at Dave and Dave replies are the best
LinkedIn learning, and continuing education can be done on the weekends and evenings. I completed an MBA and a Fellowship while working full time.
Want to see how people really are? Wait till money is involved.
Better yet, wait until YOU have no money to get by/live. THAN see WHO really has your back 😢😮
Is this why money is the number one reason for divorce? Is financial infidelity cause for divorce? Can you have a healthy relationship without trust or respect? What is the solution? Separation? Divorce? Keep fighting?
Can’t spell US without TRUST.
Both partners need to be in agreement that they trust each other.
If not some elbow grease needs to be applied. Long term relationship success is hard work and takes time to build. But a fraction of a second to ruin. Treat the other how you would like to be treated
The key to giving to anyone is to never expect it back.
Grampa is the only one legally responsible for his hospital bill, not Dad, Uncle and certainly not Granddaughter.
I agree, I work 6 nights a week to afford my wife’s van, truck and house. She just won’t let go of it
Hmm - where do you live? do you live in the house?
1:06:36 George explaining 360 no scope killed me 🤣
for our first child both my wife and I took 2 years off and stayed home. no debt except a house we purchased 5 years before.
for the second kid (two years later) my wife took another two years off of work while i started working again. wife as a teacher new that will bump her retirement 4 years out (me a high school dropout). also knew our savings that we have will take a big hit.
BUT that's what we valued more then MONEY.
17 years later (after the 1st child was born)
NO debt what so ever, $750K+ in 401Ksss, $300K in payed off house and $200K+ in liquid (I know missing opportunities beening liquid) we can retire at 60 (in 10 years) and make more then when we worked.
****the point is we looked at our numbers, then set our priorities.***
what ever you choose in life, you are right as long as you don't look for others to do for you what you decided to do.
When you say “look for others”, are you implying you can’t rely on a helping hand from family or friends ever? What about a parent’s responsibility for their children? Or what is it, at 18 everything lands on the new adult regardless of if the parents prepared him/her?
Hmmm
I love it!!! When Dave said, when Sharon said she was leaving that he was coming with her!!!!! I think I may have spit a little bit! 😂
Spit? No swallow?
The title of this video alone should be enough to change your mindset about finances.
Some blow through $100k in months without trying especially in expensive cities despite an $18 hr minimum
Anyone here from Cleveland Ohio? I need motivation coz this debt free journey is hard without cheering squad!!! Down to 60k from 78k in student loan in 6 months and I'm feeling the burn!!
YOU CAN DO IT!! 🎉🎉
@@frumpusnumpus thank you. I'm now down to 48k !!!
You must be closer I hope, what’s the word boss!
@ChangYu-wi4ez I am down to 19K!! The struggle is real !!! But pushing through!! Thanks guys for cheering me on!
Progressive is horrible. Not sure how Dave can say they are not bad.
George Kamel is awesome!!!
If the money actually went to the grandpa’s bills…
Exactly what I said! That money ain't go to no hospital bills. Where is the receipt? She's young though. She will learn. Life will teach you.
Mean tweets segment fell flat. You guys are not suited to that.
George is my favorite Ramsey personality after Dave.
He's too white bread and too dorky
You can buy 100 houses in your lifetime, but you only have one chance to raise your kids. Call me traditional, but kids need their mom, especially in the early stages.
They lose me everytime they tell someone to work full time and go to school full time. 9 times out of 10 that is not going to work.
So then work ft and school pt. No excuse
I'm a mother of 2, did ft work, ft school, dropped to pt school, was team mom for my daughter's cheer team and went through morning sickness with my 3rd kid during my final classes. No excuses. I got my 2nd degree and walk at 7 months pregnant in June.
Mothers do it all the time. My mother did it with 3 elementary school kids under her belt. It wasn't fun or easy, but she did it and was able to significantly increase her paycheck with her new and improved skills/degree after 4 years of grinding it out. You can definitely make some adjustments in your schedule and get it done. It will be painful, but it's not impossible.
The call about the son cutting mom off hit home for me. My daughter did a similar thing to me. It's definitely not easy to deal with but it was her choice and I've told her my contact info hasn't changed..
Lol. Indirectly He ( Ramsey ) has bought the car. Cheap Skate. Lol 😂. Love the dynamic Duo ❤
Where do you Apply For the Ramsey swat teem
(Dave Kicks through door) “ SELL THE CAR AND THE KIDS, SELL EVERYTHING “
😂😂😂😂
Mine is '16 Scion....35-40 mpg IN TOWN. 50 ON THE INTERSTATE
The college kid should not have let her finances be known. If the uncle is in his 40s, the dad probably on medicare...the uncle did not use the full 15k on hospital. She should go to his dad's family and inquire.She should also email or text every communication so he will admit in writing....maybe ask him if he can make payments, and his response may confirm the loan...Be very nice so as not to put him on defensive...
These guys make me laugh out loud! The negative comments are priceless 🤣🤣🤣🤣🤣
I wish Ramsay would suggest these low income people applying for financial assistance from hospitals when they have these huge medical bills.
I love you guys!! Thank you for sharing your knowledge. 🙏🏼
I'm just saying...MISTY might be the problem. A boy is psychologically drawn to his mama...it takes A LOT to leave & it isn't just dad's opinion of her. She's not telling the full story at all.