This happened to me with my first husband, he ordered numerous credit cards maxed them out then walked out on me and left me with a 4 year old and 1 year old. The smartest thing you can do is marry correctly. 😅 I wised up and married correctly the 2nd time and we are debt free and living well.
@@letsbefreeletsbefree7183, that’s ignorant. My ex absolutely destroyed the rental property we were in. He was abusive and I finally found the courage to leave him but after I did that he moved his stoner friends in and they destroyed the place. Because I was on the lease and he had no money, the landlord came after me. Other than that I had medical bills that needed to be paid off, I never had any CCs, car payments or anything (my dad always taught me to pay cash), but I told myself that I’m not bringing my debt into another relationship because it’s not fair. I had 2 kids and was paying all the bills on my own and snowballing all my debt all the way down to zero, no government assistance or literally any help! That’s when the universe brought me my amazing husband now! So it’s pretty small minded of you to think single moms can’t take on debt on their own. They can kill it if they don’t play the victim card and “gazelle” it for about a year or so. Maybe you should change your thinking.
well not necessarily. She could have him arrested for fraud. Of course Dave isn't going to recommend something that severe if they can work out the lack of trust
To be fair to her, my ex-spouse seemed to have no problem taking on debt without me even knowing and signing my name on the documents, which I understand is forgery. This is likely a real problem for a number of people, not just this caller.
Yep. My ex husband (we were in process of a divorce) traded in our jointly titled car with I guess someone's signature but it sure wasn't mine! In my state that's a misdemeanor.
Indiana does not have spousal requirements for mortgage loans like most states do. It is quite possible and legal for him to get the HELOC without her as long as the house is titled only in his name. This is why you should always have your name on the title of the home you live in.
Divorce lawyer chiming in here. Spouses do forge signatures. It happens more frequently than you might think. Or they get a signature while wife is changing a diaper or rushing out the door to pick up kids or similarly calculated timing situation and do not disclose what it is really for or mislead about the true extent of the debt that it is going to result in. Or, as in the case of these HELOC loans - wife has no idea how big that debt might get or what it might put at risk. Here in Texas spouses are fiduciaries. And what this guy did by getting her signature one way or another without full and complete disclosure and continued updating of the disclosure of what is going on - you have potential fraud. This is Financial Infidelity. #2 cause of divorce. Financial Infidelity. I love what Dave says about spouses making decisions to together and discussing and disclosing finances together. It’s not only good financial advice, good relationship advice, it’s consistent with the fact that spouses are fiduciaries (at least in Texas). I tell clients to follow that all the time to avoid the #2 cause of divorce.
People don't understand "financial abuse" unless it happens to them... or unless they're divorce lawyers. This woman said her husband refuses to discuss the debt with her. He sounds like my ex. I don't think she's lying.
My Husband 's Step Dad was a Realtor stole my husband's house, refinanced and took $400,000, or so in equity! House went into foreclosure too .... Real scum bag! He lost all his houses... Died broke and alone .. KARMA, baby
True, but it is unfortunately easy to do, and what is she supposed to do about it now? Get him prosecuted for fraud? Docusign is making it even easier. My ex- opened joint credit cards I didn't know about, for example, then took large cash advances off of them. And what do you do when the parent of your children does this to you? They may have thought it was no big deal, or that they were somehow justified in doing it since you are their spouse, but obviously it is a big deal.
Dave says, "Why did you get into this?" I don't think Dave understands that many women find themselves in similar situations. Many times men do what exactly they want in spite of the wife saying I don't think this is a good idea." My husband took an early retirement at age 55 when I knew it was a HUGE mistake. He said "Ive worked 32 years and I am done." We did not have the suitable retirement savings yet, (second marriage loss of assets) he had not yet earned the required 40 credits and even our meger costs of living rurally left us short. Because my husband is bad with finances, I manage the money, pay the bills and make most of the financial decisions. We do sit down once a month to reconcile our bills/finances so I KNEW it was a huge mistake. He would not listen to me and did exactly what he wanted. After 4-5 years we could not make it on the meager retirement income we had coming in. Then we had an UNEXPECTED $10,000 assessment for a county drain extension (we lived rurally without curbs and gutters and had high ground water flooding) We did not have $10,000 in cash for this assessment and I did not want to wait until we went to sell because I knew 1) This was being heavily taxed and 2) The amount owed would decrease our selling amount and leave us with not enough to go forwards to buy another home. So, we both went back to work. We both came out of retirement. This was 2008 during the big depression and no one was hiring. We both took two part time $10.00 an hour jobs and it took us over three years to earn the $10,000 we needed to pay off this assessment. The long story sort here, is than many men are stubborn and insistent and do exactly what they want in spite of their wives' reservations. I totally feel for this woman.
I tell women all the time "men do what they want" and if you think you are getting your way and you think your are both on the same page, you will pay a price if he is not. I don't want to male bash here but if you want to share your life with a man, just come to terms with the way they see the world and the things they do. I am sure there is a laundry list of the way we see the world and the things we do that are maddening to them. Right now my husband has his investments and I have mine but of course we will share them when we retire. I just see is as being diversified. Who knows what investments will do better in this crazy world.
The house could be in the husband's name, or his before marriage. Let me get this straight, she's only upset now that the dividends have dried up. The husband doesn't spend money on himself according to her, so who was on the spending spree while the money was pouring in?
Correct me if I’m wrong, but if he owned house before they got together, he can do a heloc without her signature. I don’t think she was asked if she was on the original loan or title.
My father in law had a gambling problem and took out a line of credit at the bank with out my mil signature. She had to do things to protect herself financially. Not sure what she did. They are both deceased now but I know there are ways they can do this. I remember once he took the grandsons to Los Vegas and the grandsons hid his gambling money. He was soo mad.
It seems that they aren't on the same page on debt. He doesn't care about carrying debt and she does, and that's just a lack of unity and shared direction.
The pause Ramsey had, as he tries to realize the husband committed fraud and its out of his wheelhouse. I am surprised Ramsey was so surprised. My grandma once sold my car; and I never signed personally. Pretty sure she or my dad sold
Did she say her husband makes $10k a month? If so, something is seriously missing from this story. My wife and I are easily paying for our $200k house, and we only make $6k a month together.
It's pretty murky. Through her tears, she said the husband paid off the house. Sounds like a 287K or so HELOC, should be manageable on the income they seem to have.
She said we, not he. I guess he took out a heloc, but the company is in the red and not paying dividends. Most people pay their monthly payments with investment proceeds. If there are no dividends coming in, it might be a strain on their finances. From what I gather at the beginning, she feels bitter for having to pay for his debt, since she did not agree with it. Remember, in marriage, it's all we. That includes debt.
@Matthew Gardner Exactly, and she doesn't know how many shares he owns. They are kind of assuming he is a minority owner. I would have suggested she first sit down with him and learn about his business and why he doesn't want to sell or believes he can't. She seems to be out of the loop on any of this and maybe telling a half truth of what is really going on.
@S Blijheid I don't know, I didn't hear a we. Maybe, but still, if they are, together, making $10k, then a $200k house payment isn't causing this stress. Also, she stated it was his family business that sold where they got the money in the first place. Again, it isn't adding up. I am not taking either side because it is a 1 sided story. I am just saying it doesn't make sense the way she told it.
If you signed it without understanding it, that's partially on you. "I didn't know that" does not excuse responsibility. If you did not sign it, then he committed fraud and you have a bigger problem on your hands.
She said that their house was paid off before they did this HELOC. But then they received a bunch of money and, as she said, they paid off their house. So what came first? Sounds like the HELOC was there before the house was paid off and that's not what she said in the beginning. Sounds like maybe she needs to put pen to paper and sit down with this guy and figure out just where the hell everything is going.
She sounds confused about whether she signed a legal document or not 15 years ago. It’s weird.Her husband sounds like he does not care about how she feels. Or the house they live in together.They need marriage help.
Are we just going to ignore the fact he made a million off this HELOC? She said he paid off the house and then reinvested $500k. Wonder what the balance on the mortgage was? This sounds like a win overall.
I don't really care what the details are, they have a marriage problem here not a money problem. We're only hearing her side of the story but clearly they are both very upset and not able to talk about the problem. They likely need to go to marriage counseling at this point.
Wow, I hope this lady convinces hubby to sell and then pay off the house. Once that's done, it's time to find a good divorce attorney. He totally doesn't respect her input or feelings. If my husband ever signed my name to something without my consent or knowledge, it's a breach of trust, and that's the END. I would take him for every cent.
just wondering if she didn't sign the heloc because she's not on the title of the home? would that make a difference regarding her saying she didn't sign it?
Offering 'advice' when the details of the situation (house value, other assets eg. retirement fund, value of the company shares etc) are not provided seems inappropriate. Probably why Ramsey is a 'financial coach' and not a licensed financial adviser.
Going into debt on your home to buy company stock is about the worst thing you can do with money. If your company fails you lose your investment, your salary, and you get left holding the debt and the risk of losing your home. It is the antithesis of diversification, you are placing your entire financial position at the mercy of the success or failure of one entity. Boneheaded.
She wouldn't have needed to sign if she wasn't on the deed/title and him as the only earner in the house would have qualified for the HELOC on his own also.. not the right way to do things in a marriage but it can happen and DR probably shouldn't have been so incredulous about it
Lmao. It’s 2023… we are not getting married anymore. Well I’m not. Not a fan of a tolerable level of permanent unhappiness. I’m not picking up where your momma left off. And I’m not making excuses for a grown man. Sorry sis. Hope you come out on top of this.
Both owners need to sign a heloc agreement on a propert THEY BOTH OWN. If she thinks she didn’t sign it, she must be really damn stupid because her husband pulled a fast one on her and she needs a lawyer, not Dave Ramsey. However. I think she did sign a heloc agreement but she’s not being forefront to avoid admitting any reliability.
0:30 hello, my husband and I are in our 50's we've been married for 6 years and are currently renting, we're torn between buying a house at our age or continue renting.
wah wah wah, oh poor women me cry so dave be nice to me. God pathetic, it was a good deal for 15 YEARS, now something has happened obviously where its not making the return. Hey honey you know a great way for you to get your half, just divorce him. This woah is me women is pathetic.
I think a lot of these comments are missing a key point. If we leave the circumstances of the borrowing aside, this couple had FIFTEEN years to pay down 300 grand of mortgage debt. Lots of people are in the same situation. What have they been doing?
She's sorta all over the map. I'm sure there's a lot of story missing here. A lot of missing pieces in this puzzle. I'm really not sure who got the bad deal in this marriage.
He took out secured debt on his house for a risky investment. Omg that's stupid. Lol I'm calling the mortgage company and bitch them out because you didn't sign it
Her name wasn’t on that home to begin with! Or the title was moved into an entity and he’s the sole member. Not sure why she’s holding back key info while talking to millions asking for help!
How old are the kids? Go get you a part time job and save a little money on the side. So when they move out and take care of themselves, all that debt will be his problem and not yours.
@@jimmymcgill6778 I know a guy who worked for a company without pay for 18 months. He was paid in company stock. That company was sold to a multi-billion dollar corporation, needless to say he cashed out big time. So sometimes it PAYS OFF.
@@dmbgator86 , just the first mortgage was paid off, I think. She wasn't 100% clear on that detail. I can't see why she'd be upset if the HELOC was paid off and it was just sitting there with a zero balance, other than it's kinda silly to leave a $0 note against a property since they often charge annual renewal fees.
Sounds like a liar. If I find out someone possibly forged my signature to put me into debt my reaction would be way stronger than "I didn't sign anything" then carry on like that's an insignificant portion of information
That would necessitate throwing her husband in jail. That's emotional pressure. It's the same issue when parents take out loans in their children's name without their knowledge. Most people don't have the guts to sue their parents either.
@@sblijheid still don't change the fact she knows she signed up for BS. A true victim would still be pissed not acting like thats something that don't matter at all. She completely brushed passed his statement like he didn't say anything at all. She's apart of the foolishness she's putting all on him
This sounds like another case of Dave’s plan scaring people that don’t need to be afraid. And I’m not even little surprised that he scared this lady into possibly destroying a marriage. Not a good look.
Wow, why is she crying to Dave?. The one you need to be talking to should be your spouse. Talking about it in Jade’s class is probably not the place to discuss this. You’re putting this man on the spot, and obviously blaming him for the foolishness you both did.
@@LittleMopeHead Either weird state laws, or some sort of fraud by the husband. Unless she is lying, but you have no proof of that and no reason to call her a liar.
Clearly she didnt care for the past 15yrs when they were making money, and now that it isnt going the way she wanted it to she starts blaming the husband..... Clearly you have been okay with it for the last 15yrs...
I'm sorry I'm not buying this story. My gut tells me she didn't really speak up or firmly state what she believed to be the right decision at the time. Now her resentment is misplaced blaming her husband for a bad decision (which it was) when really she's mad at herself for letting her husband walk all over her. Now she's calls Dave with a woe-is-me story looking for validation for her resentment.
It sounds like the husband paid off the house and was one of those people who Dave says don’t exist-people who regret it because they no longer have any liquidity.
Imagine if this was husband who called and suggested that he was bitter about having to pay down wife’s loan… Dave’s approach would have been more “Time to pull up your big boy pants and get on the plan. A marriage is a team, her debt is your debt.” Dave is oddly protective of “stay at home moms” (aka “unemployed spouses”) when it comes to financial responsibility.
Over the years I have learned to become disensitized to women's crocodile tears. When I hear the fake crying I just start rolling my eyes, no sympathy from me.
Amway!!! I think this is a 50ish year old woman that would find some problem with her husband. All those tears sorry, I don't fall for that...get over your menopause. I don't think this is the whole story. If she wants to walk out, she can force her husband to sell at least 1/2 of what ever this disaster is. I think Dave gave the wrong advice. Guess what, people invest all the time and sometimes they lose their shirts. Either stick by your man or pack & leave. If you and your kids have clothes on their backs, food in their tummies and a roof over their head your husband has done a pretty good job. Period. End of story.
Crazy how much random internet strangers think they know about someone from a 5 min phone call 😂😂 you literally know nothing about her and made a shit ton of assumptions to prop up your sexist ideals lol grow up 😂😂
This happened to me with my first husband, he ordered numerous credit cards maxed them out then walked out on me and left me with a 4 year old and 1 year old. The smartest thing you can do is marry correctly. 😅
I wised up and married correctly the 2nd time and we are debt free and living well.
Good for you! Looking back on it now - can you identify the warning signs to help others?
Poor second hubby 😢
@@andrew8168 haha probably him that cleaned up her dept 😂
@@letsbefreeletsbefree7183, that’s ignorant.
My ex absolutely destroyed the rental property we were in. He was abusive and I finally found the courage to leave him but after I did that he moved his stoner friends in and they destroyed the place. Because I was on the lease and he had no money, the landlord came after me. Other than that I had medical bills that needed to be paid off, I never had any CCs, car payments or anything (my dad always taught me to pay cash), but I told myself that I’m not bringing my debt into another relationship because it’s not fair. I had 2 kids and was paying all the bills on my own and snowballing all my debt all the way down to zero, no government assistance or literally any help! That’s when the universe brought me my amazing husband now!
So it’s pretty small minded of you to think single moms can’t take on debt on their own. They can kill it if they don’t play the victim card and “gazelle” it for about a year or so. Maybe you should change your thinking.
Or stay single😂
They have marriage issues, the money issue is just the symptom.
This^
Ok Dave. 🙄.
There's worse things then being single and this is one of them
Yes🎉
If he doesn't care about your feelings, he is not the nicest person in the world.
When Dave paused and said "Okay". That was hilarious. Best way is just to accept it and move on. It's set in stone now.
A wise man once said nothing.
No it's obvious that the huabnd commited fraud. That's the realization he came to
well not necessarily. She could have him arrested for fraud. Of course Dave isn't going to recommend something that severe if they can work out the lack of trust
To be fair to her, my ex-spouse seemed to have no problem taking on debt without me even knowing and signing my name on the documents, which I understand is forgery. This is likely a real problem for a number of people, not just this caller.
That's unfortunate
Yep. My ex husband (we were in process of a divorce) traded in our jointly titled car with I guess someone's signature but it sure wasn't mine! In my state that's a misdemeanor.
Were you able to file criminal charges, prosecute, and put him in prison?
@small coffee my ex signed divorce papers the day after so I didn't even though I could have.
Crikey. I don't even buy a pound of potatoes without telling my partner first.
A marriage needs to be a team!
Dave isn’t dumb you can’t hide things from Dave 🤣🤣
So funny when he unearths bullshit and details they want to hide haha.
She probably was too embarrassed to admit it.
He has another toy on the side I promise 😮.
Indiana does not have spousal requirements for mortgage loans like most states do. It is quite possible and legal for him to get the HELOC without her as long as the house is titled only in his name. This is why you should always have your name on the title of the home you live in.
Exactly what I immediately thought! Her name is not on the deed.
@@kagnewcobra5228 Married Man, sole and separate property.
Divorce lawyer chiming in here. Spouses do forge signatures. It happens more frequently than you might think. Or they get a signature while wife is changing a diaper or rushing out the door to pick up kids or similarly calculated timing situation and do not disclose what it is really for or mislead about the true extent of the debt that it is going to result in. Or, as in the case of these HELOC loans - wife has no idea how big that debt might get or what it might put at risk. Here in Texas spouses are fiduciaries. And what this guy did by getting her signature one way or another without full and complete disclosure and continued updating of the disclosure of what is going on - you have potential fraud. This is Financial Infidelity. #2 cause of divorce. Financial Infidelity. I love what Dave says about spouses making decisions to together and discussing and disclosing finances together. It’s not only good financial advice, good relationship advice, it’s consistent with the fact that spouses are fiduciaries (at least in Texas). I tell clients to follow that all the time to avoid the #2 cause of divorce.
People don't understand "financial abuse" unless it happens to them... or unless they're divorce lawyers. This woman said her husband refuses to discuss the debt with her. He sounds like my ex. I don't think she's lying.
My Husband 's Step Dad was a Realtor stole my husband's house, refinanced and took $400,000, or so in equity! House went into foreclosure too .... Real scum bag! He lost all his houses... Died broke and alone .. KARMA, baby
If she didn't sign it either her name was never on the primary residence or he committed fraud and signed her name
Or she's an idiot
True, but it is unfortunately easy to do, and what is she supposed to do about it now? Get him prosecuted for fraud? Docusign is making it even easier. My ex- opened joint credit cards I didn't know about, for example, then took large cash advances off of them. And what do you do when the parent of your children does this to you? They may have thought it was no big deal, or that they were somehow justified in doing it since you are their spouse, but obviously it is a big deal.
Yea I'm thinking she wasn't on the primary residence. 15 years ago how hasn't this not been paid off by now.
@markg999 yeah she was aware of it too for 15 years all these feelings aren't making sense we are missing parts of the story
Oh...she signed the paper work. She has selective amnesia
"You signed the heloc"
"No i didnt"
"Yes you did"
"No I didnt"
".....okay..."
So it’s been 15 years??? Why haven’t they solved this issue yet?
Satue of limitations is way over.
She did say that he did pay it off.
@@jimmymcgill6778 I think he paid the first mortgage off, but not the HELOC. It wasn't 100% clear, but that seemed to be the gist of it.
@@jimmymcgill6778no they still have a HELOC, the original mortgage was paid off
@@sidwhiting665 She said we had them paid off. Then he took one out. And then paid that off from the sale.
Dude took a HELOC to gamble!
Dave says, "Why did you get into this?" I don't think Dave understands that many women find themselves in similar situations. Many times men do what exactly they want in spite of the wife saying I don't think this is a good idea." My husband took an early retirement at age 55 when I knew it was a HUGE mistake. He said "Ive worked 32 years and I am done." We did not have the suitable retirement savings yet, (second marriage loss of assets) he had not yet earned the required 40 credits and even our meger costs of living rurally left us short. Because my husband is bad with finances, I manage the money, pay the bills and make most of the financial decisions. We do sit down once a month to reconcile our bills/finances so I KNEW it was a huge mistake. He would not listen to me and did exactly what he wanted. After 4-5 years we could not make it on the meager retirement income we had coming in. Then we had an UNEXPECTED $10,000 assessment for a county drain extension (we lived rurally without curbs and gutters and had high ground water flooding) We did not have $10,000 in cash for this assessment and I did not want to wait until we went to sell because I knew 1) This was being heavily taxed and 2) The amount owed would decrease our selling amount and leave us with not enough to go forwards to buy another home. So, we both went back to work. We both came out of retirement. This was 2008 during the big depression and no one was hiring. We both took two part time $10.00 an hour jobs and it took us over three years to earn the $10,000 we needed to pay off this assessment. The long story sort here, is than many men are stubborn and insistent and do exactly what they want in spite of their wives' reservations. I totally feel for this woman.
My husband with everything 🤷🏼♀️
I tell women all the time "men do what they want" and if you think you are getting your way and you think your are both on the same page, you will pay a price if he is not. I don't want to male bash here but if you want to share your life with a man, just come to terms with the way they see the world and the things they do. I am sure there is a laundry list of the way we see the world and the things we do that are maddening to them. Right now my husband has his investments and I have mine but of course we will share them when we retire. I just see is as being diversified. Who knows what investments will do better in this crazy world.
The house could be in the husband's name, or his before marriage. Let me get this straight, she's only upset now that the dividends have dried up. The husband doesn't spend money on himself according to her, so who was on the spending spree while the money was pouring in?
Financial infidelity is just as bad as cheating. Period.
Worse
Correct me if I’m wrong, but if he owned house before they got together, he can do a heloc without her signature. I don’t think she was asked if she was on the original loan or title.
Emotional damage!
If she is not on the deed of the home, she would not have to sign for the Heloc.
Dave really needs to listen. If she didn't sign, she didn't sign. It does matter.
My father in law had a gambling problem and took out a line of credit at the bank with out my mil signature. She had to do things to protect herself financially. Not sure what she did. They are both deceased now but I know there are ways they can do this. I remember once he took the grandsons to Los Vegas and the grandsons hid his gambling money. He was soo mad.
No accountability.
It seems that they aren't on the same page on debt. He doesn't care about carrying debt and she does, and that's just a lack of unity and shared direction.
Man Dave’s been on a tear lately 😂😂
I consider myself a risky investor.. in a million years, I would NEVER leverage my HOME for ANY investment... that's just plain stupid!
2010, the house across the street was to sell for $50K,
Take out a 5% HELOC,
in 2022 it sold for $500K.
Sounds like the husband does not respect her opinions.
My father is like that, but he's wrong most of the time.
I know of a case (not mine) where the wife had poor credit so the husband left her name off of the mortgage.
Lmao! She said "No I didn't sign it"
Dave: Yeah, you did.
I personally found that rude. People sign other peoples signature often. She said she didn’t sign it.
The pause Ramsey had, as he tries to realize the husband committed fraud and its out of his wheelhouse.
I am surprised Ramsey was so surprised. My grandma once sold my car; and I never signed personally. Pretty sure she or my dad sold
To man people think nice is good, just because your husband is sweet and caring in appearance it does not mean that is who he really is.
The house may only be in his name! She better get to fact finding, quick.
Did she say her husband makes $10k a month? If so, something is seriously missing from this story. My wife and I are easily paying for our $200k house, and we only make $6k a month together.
It's pretty murky. Through her tears, she said the husband paid off the house. Sounds like a 287K or so HELOC, should be manageable on the income they seem to have.
She said we, not he. I guess he took out a heloc, but the company is in the red and not paying dividends. Most people pay their monthly payments with investment proceeds. If there are no dividends coming in, it might be a strain on their finances. From what I gather at the beginning, she feels bitter for having to pay for his debt, since she did not agree with it. Remember, in marriage, it's all we. That includes debt.
@Matthew Gardner Exactly, and she doesn't know how many shares he owns. They are kind of assuming he is a minority owner. I would have suggested she first sit down with him and learn about his business and why he doesn't want to sell or believes he can't. She seems to be out of the loop on any of this and maybe telling a half truth of what is really going on.
@S Blijheid I don't know, I didn't hear a we. Maybe, but still, if they are, together, making $10k, then a $200k house payment isn't causing this stress. Also, she stated it was his family business that sold where they got the money in the first place. Again, it isn't adding up. I am not taking either side because it is a 1 sided story. I am just saying it doesn't make sense the way she told it.
She has no clue what’s going on, she’s all hopped up on Jade but still doesn’t know anything
If you signed it without understanding it, that's partially on you. "I didn't know that" does not excuse responsibility. If you did not sign it, then he committed fraud and you have a bigger problem on your hands.
Watching this video from the UK. It was proceeded by a credit card ad!
It’s sounds like she didn’t have a problem when the initial proceeds paid off the house…….🤷🏾♂️🤷🏾♂️🤷🏾♂️🤷🏾♂️
Lenders can require the spouse to sign, but they don’t have to.
Sounds like the lady isn't on the mortgage.
She said that their house was paid off before they did this HELOC. But then they received a bunch of money and, as she said, they paid off their house. So what came first? Sounds like the HELOC was there before the house was paid off and that's not what she said in the beginning. Sounds like maybe she needs to put pen to paper and sit down with this guy and figure out just where the hell everything is going.
She sounds confused about whether she signed a legal document or not 15 years ago. It’s weird.Her husband sounds like he does not care about how she feels. Or the house they live in together.They need marriage help.
Doesn't even ask anything about said company 🙄 😒
Ummm she signed the papers. A notary watched her sign it.
Mayhbe she didnt sign anyhting but the house is only in his name...
Are we just going to ignore the fact he made a million off this HELOC? She said he paid off the house and then reinvested $500k. Wonder what the balance on the mortgage was? This sounds like a win overall.
I don't really care what the details are, they have a marriage problem here not a money problem. We're only hearing her side of the story but clearly they are both very upset and not able to talk about the problem. They likely need to go to marriage counseling at this point.
Where is the "start driving for uber or doordash?" If a guy called they'd be telling him to suck it up and start working side jobs.
So none of these documents need to be notarized?..I don't understand..something is missing ..🤔
Women and accountability
He has another toy on the side 😉.thats where the money is going ...
Wow…what a can of worms! There’s something amiss…something not adding up in this scenario.
Wow, I hope this lady convinces hubby to sell and then pay off the house. Once that's done, it's time to find a good divorce attorney. He totally doesn't respect her input or feelings. If my husband ever signed my name to something without my consent or knowledge, it's a breach of trust, and that's the END. I would take him for every cent.
And you are exactly why men don't want to get married anymore.
@@reesercliff That's FREEDOM, baby!
I had two babies fifteen years ago. 😂 Okay lady.
I think there’s a lot missing here. a lot of Monday morning quarterbacking.
just wondering if she didn't sign the heloc because she's not on the title of the home? would that make a difference regarding her saying she didn't sign it?
I have zero sympathy for these people , everyone gets what they deserve
Where is JD to give input into this situation?
Hes so stupid and annoying. He tries to genrlize Truama.
Like what? Are you feeling safe, are you scared lol thats all he says
@@musicpro7278 lol frfr 😂
@nicholeknight1893 lol am I right
Offering 'advice' when the details of the situation (house value, other assets eg. retirement fund, value of the company shares etc) are not provided seems inappropriate. Probably why Ramsey is a 'financial coach' and not a licensed financial adviser.
If you refuse to engage with the finances for 15+ years of marriage, you don't get to complain when the other person makes decisions you don't like.
Going into debt on your home to buy company stock is about the worst thing you can do with money. If your company fails you lose your investment, your salary, and you get left holding the debt and the risk of losing your home. It is the antithesis of diversification, you are placing your entire financial position at the mercy of the success or failure of one entity. Boneheaded.
She wouldn't have needed to sign if she wasn't on the deed/title and him as the only earner in the house would have qualified for the HELOC on his own also.. not the right way to do things in a marriage but it can happen and DR probably shouldn't have been so incredulous about it
OHHH there is lots of ?'s. What kind of biz took this money ? Did you see , read, and understand any documents that pertained to this biz ?
Lmao. It’s 2023… we are not getting married anymore. Well I’m not. Not a fan of a tolerable level of permanent unhappiness. I’m not picking up where your momma left off. And I’m not making excuses for a grown man.
Sorry sis. Hope you come out on top of this.
Both owners need to sign a heloc agreement on a propert THEY BOTH OWN. If she thinks she didn’t sign it, she must be really damn stupid because her husband pulled a fast one on her and she needs a lawyer, not Dave Ramsey. However. I think she did sign a heloc agreement but she’s not being forefront to avoid admitting any reliability.
Or she didn't sign on to the mortgage.
0:30 hello, my husband and I are in our 50's we've been married for 6 years and are currently renting, we're torn between buying a house at our age or continue renting.
wah wah wah, oh poor women me cry so dave be nice to me. God pathetic, it was a good deal for 15 YEARS, now something has happened obviously where its not making the return. Hey honey you know a great way for you to get your half, just divorce him. This woah is me women is pathetic.
Its a marriage problem. Not a money problem..
I think a lot of these comments are missing a key point. If we leave the circumstances of the borrowing aside, this couple had FIFTEEN years to pay down 300 grand of mortgage debt. Lots of people are in the same situation. What have they been doing?
She's sorta all over the map. I'm sure there's a lot of story missing here. A lot of missing pieces in this puzzle. I'm really not sure who got the bad deal in this marriage.
He took out secured debt on his house for a risky investment. Omg that's stupid.
Lol I'm calling the mortgage company and bitch them out because you didn't sign it
No accountability = no sympathy. Boohoo lady
If it’s been 15 years and he still owes $250K on it, then it wasn’t a very good investment. He’s fucking around with the money for sure.
Her name wasn’t on that home to begin with! Or the title was moved into an entity and he’s the sole member. Not sure why she’s holding back key info while talking to millions asking for help!
How old are the kids? Go get you a part time job and save a little money on the side. So when they move out and take care of themselves, all that debt will be his problem and not yours.
He makes a good enough income to. How much is he making with his shares? He should be making money off it.
@Jimmy, not all shares make MONEY! Some lose big time!!!! Grow up
@@alinatamashevich3354 Well no point in investing in a business if he's not making any money.
@@jimmymcgill6778 Where did you learn that amazing fact? A city bus stop in Paterson?
@@jimmymcgill6778 I know a guy who worked for a company without pay for 18 months. He was paid in company stock. That company was sold to a multi-billion dollar corporation, needless to say he cashed out big time. So sometimes it PAYS OFF.
@@jimmymcgill6778 Yet look how many invested in Enron and WorldComm. That list goes on and on. What you have to say now?
75,000 shares 😮
maybe he has a few side honies he paying for their apt
So glad doc simp isn't on this one.
They probably live in a 750k house and it’s paid off and she’s complaining. Calm down lady.
It's not paid off, that's the complaint, husband took out a $280k HELOC
@@shanep2760 she said towards the beginning he did paid it all off.
@@dmbgator86 , just the first mortgage was paid off, I think. She wasn't 100% clear on that detail. I can't see why she'd be upset if the HELOC was paid off and it was just sitting there with a zero balance, other than it's kinda silly to leave a $0 note against a property since they often charge annual renewal fees.
@@dmbgator86 they payed the mortgage off when the business sold, then he took out a HELOC to invest back into the business
Geezus can they turn off the water works for two seconds?
Marriage is the worse contract ever! Stay out of the
“ marriage system “
For men
Sounds like a liar. If I find out someone possibly forged my signature to put me into debt my reaction would be way stronger than "I didn't sign anything" then carry on like that's an insignificant portion of information
That would necessitate throwing her husband in jail. That's emotional pressure. It's the same issue when parents take out loans in their children's name without their knowledge. Most people don't have the guts to sue their parents either.
@@sblijheid still don't change the fact she knows she signed up for BS. A true victim would still be pissed not acting like thats something that don't matter at all. She completely brushed passed his statement like he didn't say anything at all. She's apart of the foolishness she's putting all on him
She could be archeologist, is great to dig the past... mgtow, no wife rich life
This sounds like another case of Dave’s plan scaring people that don’t need to be afraid. And I’m not even little surprised that he scared this lady into possibly destroying a marriage. Not a good look.
JOHN 3:16 🙂
Wow, why is she crying to Dave?. The one you need to be talking to should be your spouse. Talking about it in Jade’s class is probably not the place to discuss this. You’re putting this man on the spot, and obviously blaming him for the foolishness you both did.
Where are you getting the both from? It doesnt sound like she had any input on this.
^How is the HELOC signed by both? Dave said it needs both.
@@LittleMopeHead Either weird state laws, or some sort of fraud by the husband. Unless she is lying, but you have no proof of that and no reason to call her a liar.
Clearly she didnt care for the past 15yrs when they were making money, and now that it isnt going the way she wanted it to she starts blaming the husband..... Clearly you have been okay with it for the last 15yrs...
I'm sorry I'm not buying this story.
My gut tells me she didn't really speak up or firmly state what she believed to be the right decision at the time. Now her resentment is misplaced blaming her husband for a bad decision (which it was) when really she's mad at herself for letting her husband walk all over her. Now she's calls Dave with a woe-is-me story looking for validation for her resentment.
Ive lost count of the number women that call into the show and cry like a baby
Sound like she is lying.
Fraud !!
It sounds like the husband paid off the house and was one of those people who Dave says don’t exist-people who regret it because they no longer have any liquidity.
If you think Dave’s program leaves people with no liquidity, then you clearly don’t understand Dave’s program.
ohhhh but nooo women want to be looked after and all that BS this is what it looks like!
Imagine if this was husband who called and suggested that he was bitter about having to pay down wife’s loan… Dave’s approach would have been more “Time to pull up your big boy pants and get on the plan. A marriage is a team, her debt is your debt.”
Dave is oddly protective of “stay at home moms” (aka “unemployed spouses”) when it comes to financial responsibility.
It’s crazy and we need to do something agouti this mess it’s getting out of control and Jo one fan wooo Jew fest we b be I do something
Women can never be satisfied.
Exactly. They always want/expect more out of the man.
You would know.
@@nikolaig1 Always keep one eye open!, Don't think with the small head.
Ding bat
Over the years I have learned to become disensitized to women's crocodile tears. When I hear the fake crying I just start rolling my eyes, no sympathy from me.
🥱
Take a nap if ur tired
@@musicpro7278 naps are bad for you
its his money let him spend it how he wants.
Amway!!! I think this is a 50ish year old woman that would find some problem with her husband. All those tears sorry, I don't fall for that...get over your menopause. I don't think this is the whole story. If she wants to walk out, she can force her husband to sell at least 1/2 of what ever this disaster is. I think Dave gave the wrong advice. Guess what, people invest all the time and sometimes they lose their shirts. Either stick by your man or pack & leave. If you and your kids have clothes on their backs, food in their tummies and a roof over their head your husband has done a pretty good job. Period. End of story.
Crazy how much random internet strangers think they know about someone from a 5 min phone call 😂😂 you literally know nothing about her and made a shit ton of assumptions to prop up your sexist ideals lol grow up 😂😂