Mannnnn😢 I sit and watch these clips, and all I can do is thank GOD! I thank God I'm not in a bunch of debt, the debt I do have has a bright light at the end, less than 27K 🙌🏾 I am so thankful, and I will be attacking it!🎉🎉🎉
@@jimroscoviusJim, don’t do this. You’re great & we usually get along, but my dad & grandma both died of cancer. They each handled it differently. This isn’t the hill to be on. You don’t know anyone’s circumstances.
Generally speaking, it's a good time to sell if you're in a hot area and purchasing in a less hot one, or if you're downsizing and just want to pocket the cash from your unneeded space, but this is always true no matter the economy.
yep... she sounds like kinda a minimalist at this point in her life... sell the house and get a studio/one bedroom condo in a decent area (but not rich like a realtor wants her to buy) .. pay off the debt and then sell the car (and get one that's in her ball park and a bicycle) and then put into her retirement like crazy by simply not buying junk and luxury... and she can still retire early easily... and.it'll be a lot better at reducing her stress and improve her health and get some real enjoyment from life instead of "worrying about the house"...
@@jimroscovius yep exactly... use the car only for work and that way the car is a total write off for taxes... i dated a lady a few years back and the company she worked for actually gave her a car/travel stipend ... the company wanted to ensure that she could travel to rural locations... she actually made a profit from owning a car and yeah, i asked her if they were hiring
@@superman9772 Interesting. When I worked for Philip Morris, I got free use of a minivan - they paid for all gas, oil, maintenance, etc. We took it on vacation and drove it as our regular car. We only owned one car for my wife. It was a great perk!!
I feel for her. Divorce and Cancer are devastating events and can ruin you financially but most importantly, emotionally and physically. Both can cause tremendous trauma and CPTSD. I get it. Best wishes to her.
Some episodes I don’t understand, why not ask what car she bought (year/model), why not address bulk of her debt which she calls consumer is medical and she could come up with payment plan to address but attack the CC first. Whole call was just weird
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
The Success behind my profit earning in bitcoin Investment is not solely on my skills but by the help of Investing with an expert that's the person of mr Andrew Wright fx
This lady is full of it!! She tries to sound proper and informed but she is not being transparent. She also tried to say she has paid off over 100k in debt but she cashed out her retirement. She's not changing her ways at all.
@@josh-bodnar I guess that makes sense, but you hit a stage in your life where you're effing done with through-the-wall neighbors. And renting a house for significantly less than $2400/month may prove challenging
I wpuld say with her situation, bankrupt the consumer debt and enjoy life, she has a really fragile future base on her health, why think of your future when its so unstable, enjoy now
Why does he never suggest these house-poor people get a roommate? She obviously has a very nice house and it would e good to keep it since interest rates for a new loan are through the roof. Get a housemate easily for $800 a month
@@jimmymcgill6778 I'm not familiar with her area but I would think that in most places you could find something for less than $2400/month. I would think $1400 would be pretty easy to find as a matter of fact.
You can definitely do that to a car. Given her income I’d bet she works in remote sales and is constantly driving. The car is probably only a couple years old with massive mileage on it, and it’s an expensive luxury brand that depreciates quickly. She probably overpaid some, but you can definitely get underwater in sales like that.
As far as the car situation, depending on the car, it is absolutely possible to lose equity like that. Dave is flat wrong by thinking that's impossible. I wasn't even shocked to hear that. Especially with that milage.
Don’t see how a pre-nup would have impacted anything here. She exchanged the divorce demand of her having to pay her ex alimony for a one-time payment from her 401k. That 401k was built WHILE she was married, not before.
Exactly cancer and divorce quick fix 1. With the house 2. With the 401k 3. With the divorce Don't marry guys this is how it ends it ends in disaster for both parties of course my heart goes out for the women
@@user-wq5ws1qs7x here's where I disagree...if there's kids involved 1. If the man gets the kids....single Dads are happier and do a better job 2. If the woman gets the kids then the man doesn't have any responsibility but to pay child support child support is just a small price to pay to "support" a kid of course your not really supporting a child by paying that what your really doing is just being a degenerate
I don't get it. Her take home is $11,500 per month. Her house payment and car together are only $2,407+$712 = $3,119 per month. So, that leaves $8,400 per month to pay off her $200K consumer debt. That seems like enough to do that and then some. What am I missing?
Assuming she only lives off 1,400 of that and an emengency never happens again, that would be 2 years and 4 months of paying off debt. SOunds reasonable . But honestly I feel like she just needs a reset. After cancer and divorce and completely emptying retirement, I'd sell the house. start over in a small apartment, and live free while aggressively saving for retirement again
I know this is not a Health show, but could you maybe incorporate into a show, the importance of good health and taking care of yourself. I see all time people who have great wealth, but the are in terrible health. And a lot of times, that wealth can deteriorate due to high health cost. Just a thought.
The Car: Over the last couple of years car dealers have been charging "Market Adjustments" aka a markup. Most people are unassuming and just think it's part of the price. Chances are this lady got preyed on and paid the markup unknowingly.
Very possible the car she has is either a poorly-rated but expensive EV or hybrid, that it’s no longer under warranty, and that its battery is about to go.
I feel like some of the comments are a bit harsh. Yeah, so usually men get screwed in divorces and this time it was her. We don't have to revel in the suffering of anybody, regardless. Especially when that person is clearly trying their to improve their situation. I know the lady still has some progress to make and probably has made some mistakes, especially with the benefits of hindsight, but I really admire her. She got married young and had a 25 year marriage that didn't work out, it happens. Then she she got very ill, it happens. She's earning really well and is facing up to reality, looking to make some difficult decisions. I feel like selling her house in unnecessary, she has good income and with a few years, will get there. Plus, she may well be able to arrange payment plans to help cashflow further, or improve her income further. Cashing in the 401K was a mistake, but I recognise why she made the decision at the time. I think she needs to try and look at this objectively and not to essentially get it behind her and move on as fast as possible, which whilst probably mentally appealing, will just mean a less optimal outcome in the future.
Like 99% of the time the vehicle is main PROBLEM. Buy a cheap used vehicle CASH it will change the majority of peoples lives. That and you have to pay yourself first, you have to have that savings. Because the "I need a reliable car" excuse doesn't work anymore, don't be stupid. If my truck breaks down I will buy another vehicle within a few days and it will be just fine. NOT having debt is freedom.
Alimony is such an outdated concept. Same with child support for the other single parent who also has the kids half the time. Paying someone to break up with you is just ridiculous.
If you HAVE to sell do it sooner than later. All indicators point to prices coming down significantly over the next few years, as they have started declining overall for the last year or so and certainly will continue to do so. Probably not as bad as the 2008 decline that lasted about 5 years, but about a 20-25% drop would be a fair bet
My feel for this lady is that she has tried hard and probably feels tired. She needs time to heal and move forward slowly. I don’t think she should sell her house, the car, yes. I send her my best wishes xx
if she sells the car she still owes 30k and has absolutely nothin. I'd sell the house and start over from scratch rather than fighting another 4 years. This lady already been through cancer and divorce. She just needs a clean slate
This poor woman is an example of why learning about financial planning is such an important skill. Cashing in a 401K is never a good plan under any circumstances.
It does sound like she had to cash out to the Ex. Her lawyer should have negotiated more as Uncle Sam took the most. (She sounded as if she was in her 50's and the money would have been available in a few years. )
While I wait for a housing bubble to bust and attempt to avoid inflation, I recently sold a couple of residences in the Tampa area for a respectable profit, and I'm thinking about investing the money in stocks. But is now a wise moment to buy stocks? I understand it's a madhouse right now, therefore I'd love to hear how folks are consistently making significant six-figure profits.
Consider this: while some people wait for the stock market to recover in order to make a small profit, others already know where to look and what to do to make a large profit right now. So, understanding how to take chances is undoubtedly important
True, I was in a bind myself because of this chaotic market; I wasn't sure whether to sell or hold off a little longer, as 75% of my portfolio was in the red, and the outlook for the economy wasn't promising, but I started to gain clarity and gain more confidence in my investment through a stock advisor. I know most DIY investors like me would argue that advisors aren't necessary, but come to think of it, they're better trained and equipped at this, so I’m cool with it.
This year's money, omg? This morning I was reading an article on Bloomberg on ways to profit from the current market slump. But since I'm a total rookie, I don't comprehend the majority of it. Who is this person giving you advice? My portfolio is giving me serious troubles right now.
There are a lot of independent advisors you might look into. But i work with “BECKY LOU GORDON” and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
After looking at her credentials and resume, I checked her out and can understand why she is probably your advisor. thanks for sharing, I planned a meeting with her.
She makes too much money to be in that size of a pickle. It's not even that big of a pickle, unless she is spending all her money on private naturopathic treatments she easily has a big enough shovel to get out. She definitely needs to downsize the car and get out form those $700+ payments. Selling the house would likely be a mistake unless its just simply more house than she needs or can utilize. She needs to work her budget more and be willing to get intense about the stupid credit card debt.
If they would just wait to buy stuff and save up cash instead, and then buy debt free... Throwing money away to have stuff before they can actually afford it
Why do Dave keep cutting off Jade when she’s speaking?? He always seem to do that even on other vids. Almost as if he feels intimidated by her knowledge and the great questions she asks
I've worked for someone who had the same personality type as Dave, ISTJ. They are very particular, if they don't like the particular way you are answering a question during a meeting they will cut you off. Very controlling, but very hardworking and dilligent on the plus side.
Sure, but now you've got roommates again. She's well into her 40s. By the numbers, she can find $1K in breathing room by selling the house and buying a much less expensive condo. I'd probably take the cash to buy a cheaper house/condo first and foremost, then put the extra (and there could be $50K extra) towards the consumer debt, highest interest to lowest interest. Her priorities are wiping out the rest of the debts and rebuilding her 401K. Otherwise she'll be having a tough time affording rice & beans when she's retired. I'd love to see a more detailed breakdown.
Eh. Don't idolize being lonely for monetary purposes. When you die your money won't die with you. IMO being married is worth more than any amount of money when it's the right person. You have one life. Love and have fun with someone.
@@mitchdogstudios it's not about having a partner, I'm all for that. It's about involving the government and the courts in your financial business with your significant other and causing a big, expensive mess if you chose wrong.
In a divorce sometimes the breadwinner is given the choice between taking all the debt or paying alimony. She obviously chose the debt and continued making poor choices with money. She probably spins stories about the ex husband being awful, but the reality is she began to despise him once she started making more money and wanting to live above her means. Let this be a cautionary tale guys, once she earns more it’s all downhill
@@FR-tb7xhgotta disagree with you completely. 90% of the time I heard women say "i need someone on my level" which is code for they gotta have a man that makes as much or more than them. I'm married so this is non bias opinion. No horse in this race.
@@Shortballa11 Only twice in my 65 years have I ever heard a woman speak of a man’s money. And I was horrified both times that they thought, let alone uttered, it. Because it’s twisted thinking. Fortunately, it’s rare. Pretty sure if you’ve ever heard it, that the woman was referring to a potential SO being intellectually competent, not lazy, and not living in his mother’s basement. What men will never understand is that most of us women actually have little interest in how much they make as long as they can support themselves and their lifestyle without government or other’s help. We’re not impressed one bit in their cars, power toys, memberships, pecs, and not even other ‘gifts’ by their measures. To the contrary, for many of us women, men’s preoccupations (aka narcissism) over these things is a major turn off. What we love and will love forever is an intellectual peer who can hold a conversation, balance a checkbook, occasionally fix what breaks, has a can-do attitude, and continues to strive in his education, career, and life. Plus the all important chemistry. A builder and creator, not a taker. I think men whom are rejected on a regular basis or wind up being divorced often attribute their woes to a shallowness in the woman. Because it’s too painful for them to believe they’ve fallen short or have done something fatal to their relationships. Disclaimer: my educational was in mathematics and technology, and my career was spent in national technologies, so maybe I just hung with great people.
@@FR-tb7xhI cant argue your experience but I can tell you that you are very far removed from my generation. I found an amazing wife, but I can promise you that women are very explicit about liking everything you just said. ITs very very common that women set a certain salary that a man needs to make for them to court her. Its actually so common there are very popular podcasts nowadays dedicated to the subject where women are readily admitted it. Some say 70K or 250k minimum. Im happy your environment has been filled with rational ppl, but that is not common these days amongst the largest dating pool of ppl 20-40
@@Shortballa11 I don’t think it’s generational but rather an uncommon poverty of character when it exists? My kids and their friends are in their 30s now, and from what I’ve seen, their thinking is similar to mine re attraction and long term relationships. Over the decades, we’ve had countless spontaneous discussions on all matters, and not once have another’s financial status or possessions been mentioned, let alone as a gateway test to a relationship. TH-cam isn’t real. Just because someone makes a video doesn’t mean it’s representative of anything but themself. Find comfort in that.
Does the divorce still taste better than the marriage? I bet he is doing better than her; hilarious. She makes terrible decisions when relying on herself.
I don't believe anything this lady says. She's all over the place. How many times did she start a sentence with "unfortunately..."? If she makes 140 and owes 223 and loves the house (which she does) I'd keep the house. Unless the house will need a bunch of work in the near future.
Whole convo was weird, they missed so many specifics about her that they usually ask, and anyone else making 140k with 220k owed they would say she can crush it. Her mortgage is close to 30% of her take home and knowing it’s a 30 year too.
If it wasn’t for the divorce where she was obviously the bread winner paying alimony and cancer, she would’ve been alright. Those two things…well…sometimes happen.
The condition of the car can very much affect the sell back. I had a 70k car I sold for less than 20k because my interior was damaged. I broke the windshield in the fall and it got rained and snowed on bad. By time I sold the cars it was mold all over.
Mannnnn😢
I sit and watch these clips, and all I can do is thank GOD! I thank God I'm not in a bunch of debt, the debt I do have has a bright light at the end, less than 27K 🙌🏾 I am so thankful, and I will be attacking it!🎉🎉🎉
Serf Class Americam here, if I sell my home I may never be able to own a home again...is what's on my mind these days.
Sharp man! We are so blessed to have your show sir!
She had cancer which is not a “controllable” and can be as expensive as it gets. Add in the divorce and it’s understandable why she’s where she is.
And she made more money so she was trying to dodge paying alimony. Welcome to a man's world
My mom fought back cancer twice but didn't fall apart. Cancer is not an excuse to make bad decisions.
@@jimroscovius What’s your excuse?
@@jimroscoviusJim, don’t do this. You’re great & we usually get along, but my dad & grandma both died of cancer. They each handled it differently. This isn’t the hill to be on. You don’t know anyone’s circumstances.
@keithhoss4990 We don't make bad decisions. We were flat broke back when we were young and stupid, and decided we would never do that again.
Generally speaking, it's a good time to sell if you're in a hot area and purchasing in a less hot one, or if you're downsizing and just want to pocket the cash from your unneeded space, but this is always true no matter the economy.
yep... she sounds like kinda a minimalist at this point in her life... sell the house and get a studio/one bedroom condo in a decent area (but not rich like a realtor wants her to buy) .. pay off the debt and then sell the car (and get one that's in her ball park and a bicycle) and then put into her retirement like crazy by simply not buying junk and luxury... and she can still retire early easily... and.it'll be a lot better at reducing her stress and improve her health and get some real enjoyment from life instead of "worrying about the house"...
@@superman9772 She could get a moped or a scooter. That's what I had when I was first working. If it rained, I rode the bus.
@@jimroscovius yep exactly... use the car only for work and that way the car is a total write off for taxes... i dated a lady a few years back and the company she worked for actually gave her a car/travel stipend ... the company wanted to ensure that she could travel to rural locations... she actually made a profit from owning a car and yeah, i asked her if they were hiring
@@superman9772 Interesting. When I worked for Philip Morris, I got free use of a minivan - they paid for all gas, oil, maintenance, etc. We took it on vacation and drove it as our regular car. We only owned one car for my wife. It was a great perk!!
Whenever you make a decision out of desperation, you’ll likely end up trying to desperately get out of the next decision.
maybe sell it to get rid of memories but not debt, you still have to live somewhere.
I feel for her. Divorce and Cancer are devastating events and can ruin you financially but most importantly, emotionally and physically.
Both can cause tremendous trauma and CPTSD. I get it. Best wishes to her.
Married at 16
So tempted just to buy 300 acres in the middle of no where for dirt cheap and just drop an rv in the middle of it all
Some episodes I don’t understand, why not ask what car she bought (year/model), why not address bulk of her debt which she calls consumer is medical and she could come up with payment plan to address but attack the CC first.
Whole call was just weird
Because Ramsey is a fraud who made his money through ill gotten means and now pretends to have integrity. He’s a POS
completely agreed. Wasnt a fan of this one
Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
He is a crypto guru and has handled my trade for over three months now, I made over $47k in my first two weeks of investment with him.
The Success behind my profit earning in bitcoin Investment is not solely on my skills but by the help of Investing with an expert that's the person of mr Andrew Wright fx
How can someone get to speak with him.?
Just search his name
Planning your financial life is good, especially when you're about to retire from your job....
This lady is full of it!! She tries to sound proper and informed but she is not being transparent. She also tried to say she has paid off over 100k in debt but she cashed out her retirement. She's not changing her ways at all.
If you can't buy your next house cash, then the answer is NO! Interest rates are insane right now
@@josh-bodnar I guess that makes sense, but you hit a stage in your life where you're effing done with through-the-wall neighbors. And renting a house for significantly less than $2400/month may prove challenging
They’re only high for recent times. They’re pretty typical historically speaking.
nah, they aint high enough. spending hasn't turned into saving money
@@ToastbackWhale Exactly what I've been saying. It's been worse!!
@@Thurgor_Supreme Well then, better start saving up for that down payment!!
She’s a fighter‼️🙌👏
Rent rooms in the house or rent out the entire house and live in a smaller place for a while.
Rent rooms to bums or crack heads
It started off positively
Id like to hear the husband's side.
On the car it sounds like she is looking at the dealer price not the private person sale.
I wpuld say with her situation, bankrupt the consumer debt and enjoy life, she has a really fragile future base on her health, why think of your future when its so unstable, enjoy now
Dave name a car with 150,000 miles that you’d pay more than $12,000 for!
Toyota Land Cruiser.
Toyota fj cruiser, Lexus gx 470
Toyota Land Cruiser, 4Runner, Tundra. Lexus GX470/460.
Mostly Toyotas, it would seem.
@@MaynardGKrebs-tt1dd essentially any Toyota truck or body on frame suv from 2000 - present.
Wow! It sounded like she was on top of this debt, and we went tumbling over. 290K out of the 401K wow 😯.
Poor woman has been up against the wall too many times. Yikes!
Consolidate. I would not sell the house. Where else can you rent for cheaper then you mortgage?
Her mortgage is $2400. That isn't exactly cheap.
Why does he never suggest these house-poor people get a roommate? She obviously has a very nice house and it would e good to keep it since interest rates for a new loan are through the roof. Get a housemate easily for $800 a month
@@thebuttermilkyway687 That's a good point. She could probably find another professional to share her house with.
@@goofygirl1311 Like I said, where can you rent for cheaper then that. I never said it was cheap.
@@jimmymcgill6778 I'm not familiar with her area but I would think that in most places you could find something for less than $2400/month. I would think $1400 would be pretty easy to find as a matter of fact.
A $700 payment on a car worth $12,000 and she owes $42,000? Something is not right!!
Sounds like she overpaid when she bought the thing
Car salesmen love people like this!
She could literally sell her car and still be paying off a $30k loan for NOTHING!!
@@Thurgor_Supreme Yes, if those numbers are right. Something seems fishy.
Give the car back to the bank. Be done with it. Her credit is already 💩
There's a shock a woman bashing her ex
It's obviously some dudes fault. It's a fact. 😂😂😂
She called in hoping Delony would tell her how strong and empowered she is and that she “DiDn’T fEeL sAfE”
Heh Bologna boy
Yeah I'm surprised they didn't find a way to blame him and the judge for him getting support.
She was married since 16 years old. I think she earned some bashing rights. Lol.
You can definitely do that to a car. Given her income I’d bet she works in remote sales and is constantly driving. The car is probably only a couple years old with massive mileage on it, and it’s an expensive luxury brand that depreciates quickly. She probably overpaid some, but you can definitely get underwater in sales like that.
i want to know what kinda car it is
As far as the car situation, depending on the car, it is absolutely possible to lose equity like that. Dave is flat wrong by thinking that's impossible. I wasn't even shocked to hear that. Especially with that milage.
I'm just curious as to why so many people think 158,000 is high miles 😂
@@CRAZYKINGFEARcuz stuff starts breaking after 150k on most cars.
Pre-nups are sounding more and more of a good thing after hearing her story.
Yup, I would never marry again without a pre-nup. Adele, has paid and is paying lots of money while the husband plays with the kid.
Don’t see how a pre-nup would have impacted anything here. She exchanged the divorce demand of her having to pay her ex alimony for a one-time payment from her 401k. That 401k was built WHILE she was married, not before.
She will pay tax on the 200k I have 500,000 equity on 2 properties just not worth selling it .
You generally don't have to pay tax on a primary residence sale. You'd have to make like a bajillion dollars in capital gains.
The grass wasn’t greener on the other side right man 😅
Rates going to 10%
Exactly cancer and divorce quick fix
1. With the house
2. With the 401k
3. With the divorce
Don't marry guys this is how it ends it ends in disaster for both parties of course my heart goes out for the women
Men rarely get the better end of the deal after divorce.
@@user-wq5ws1qs7x here's where I disagree...if there's kids involved
1. If the man gets the kids....single Dads are happier and do a better job
2. If the woman gets the kids then the man doesn't have any responsibility but to pay child support child support is just a small price to pay to "support" a kid of course your not really supporting a child by paying that what your really doing is just being a degenerate
I don't get it. Her take home is $11,500 per month. Her house payment and car together are only $2,407+$712 = $3,119 per month. So, that leaves $8,400 per month to pay off her $200K consumer debt. That seems like enough to do that and then some. What am I missing?
Assuming she only lives off 1,400 of that and an emengency never happens again, that would be 2 years and 4 months of paying off debt. SOunds reasonable . But honestly I feel like she just needs a reset. After cancer and divorce and completely emptying retirement, I'd sell the house. start over in a small apartment, and live free while aggressively saving for retirement again
I swear Divorces in United States are fucking Nightmares.
That's because people see marriages as businesses versus being a holy matrimony.
@@RJWaynerium 👏💯
Yet people still get married every day 🤔
Prenup always. Emotional people are never rational.
100% of divorces start with a marriage. For life just doesn't exist anymore.
Not smart to buy a $40k car. You can buy a nice used Lexus for less that half that...
Or a Jag . . . or a masarati . . . that have already depreciated . . . seriously dumb car purchase.
I know this is not a Health show, but could you maybe incorporate into a show, the importance of good health and taking care of yourself. I see all time people who have great wealth, but the are in terrible health. And a lot of times, that wealth can deteriorate due to high health cost. Just a thought.
The Car: Over the last couple of years car dealers have been charging "Market Adjustments" aka a markup. Most people are unassuming and just think it's part of the price. Chances are this lady got preyed on and paid the markup unknowingly.
Very possible the car she has is either a poorly-rated but expensive EV or hybrid, that it’s no longer under warranty, and that its battery is about to go.
Sell sell sell !!!
I feel like some of the comments are a bit harsh. Yeah, so usually men get screwed in divorces and this time it was her. We don't have to revel in the suffering of anybody, regardless. Especially when that person is clearly trying their to improve their situation.
I know the lady still has some progress to make and probably has made some mistakes, especially with the benefits of hindsight, but I really admire her.
She got married young and had a 25 year marriage that didn't work out, it happens. Then she she got very ill, it happens. She's earning really well and is facing up to reality, looking to make some difficult decisions.
I feel like selling her house in unnecessary, she has good income and with a few years, will get there. Plus, she may well be able to arrange payment plans to help cashflow further, or improve her income further.
Cashing in the 401K was a mistake, but I recognise why she made the decision at the time. I think she needs to try and look at this objectively and not to essentially get it behind her and move on as fast as possible, which whilst probably mentally appealing, will just mean a less optimal outcome in the future.
Accountability is like kryptonite.
Very much to all XX.
Shout out to the coach gang! @@qwick6204
As soon as something comes up she has a excuse built in.
She's terrible with money and the money she got through her divorce has run out.
@@I_like_turtles_67 She claims she paid alimony. I think that was a equity payout on another home though.
how do u owe 40 grand on a 150, 000 mile car. Something don’t seem right
Like 99% of the time the vehicle is main PROBLEM. Buy a cheap used vehicle CASH it will change the majority of peoples lives. That and you have to pay yourself first, you have to have that savings. Because the "I need a reliable car" excuse doesn't work anymore, don't be stupid. If my truck breaks down I will buy another vehicle within a few days and it will be just fine. NOT having debt is freedom.
It sounds like she's house-poor. My income is higher and my mortgage payment is lower and even I feel like I'm struggling sometimes.
Does it make sense to sell a house in a housing crash?
The crash hasn't happened yet.
If she really does take home $139k...minus the mortgage and car payment she's at 8k a month.
Yep, she can be out of debt in 3 years but she won't because she'll find new excuses andcnew bad decisions to make.
Alimony is such an outdated concept. Same with child support for the other single parent who also has the kids half the time. Paying someone to break up with you is just ridiculous.
If you HAVE to sell do it sooner than later. All indicators point to prices coming down significantly over the next few years, as they have started declining overall for the last year or so and certainly will continue to do so. Probably not as bad as the 2008 decline that lasted about 5 years, but about a 20-25% drop would be a fair bet
My feel for this lady is that she has tried hard and probably feels tired. She needs time to heal and move forward slowly. I don’t think she should sell her house, the car, yes. I send her my best wishes xx
if she sells the car she still owes 30k and has absolutely nothin. I'd sell the house and start over from scratch rather than fighting another 4 years. This lady already been through cancer and divorce. She just needs a clean slate
Cash you may earn by time maybe. But home you cant buy anytime.
This poor woman is an example of why learning about financial planning is such an
important skill. Cashing in a 401K is never a good plan under any circumstances.
It does sound like she had to cash out to the Ex. Her lawyer should have negotiated more as Uncle Sam took the most. (She sounded as if she was in her 50's and the money would have been available in a few years. )
All credit karma does is tell you how much debt you’re in and your credit score that’s it
And the credit scores displayed can be way off too. I've seen differences of 30-50 points when my credit is ran vs what credit karma said it was.
I would sell the house
5:19 Credit Karma told me a new credit card could increase my $0 available credit and lower my credit utilization ratio.
More evidence to not get married, it always ends bad, applies to both good men and good women.
While I wait for a housing bubble to bust and attempt to avoid inflation, I recently sold a couple of residences in the Tampa area for a respectable profit, and I'm thinking about investing the money in stocks. But is now a wise moment to buy stocks? I understand it's a madhouse right now, therefore I'd love to hear how folks are consistently making significant six-figure profits.
Consider this: while some people wait for the stock market to recover in order to make a small profit, others already know where to look and what to do to make a large profit right now. So, understanding how to take chances is undoubtedly important
True, I was in a bind myself because of this chaotic market; I wasn't sure whether to sell or hold off a little longer, as 75% of my portfolio was in the red, and the outlook for the economy wasn't promising, but I started to gain clarity and gain more confidence in my investment through a stock advisor. I know most DIY investors like me would argue that advisors aren't necessary, but come to think of it, they're better trained and equipped at this, so I’m cool with it.
This year's money, omg? This morning I was reading an article on Bloomberg on ways to profit from the current market slump. But since I'm a total rookie, I don't comprehend the majority of it. Who is this person giving you advice? My portfolio is giving me serious troubles right now.
There are a lot of independent advisors you might look into. But i work with “BECKY LOU GORDON” and I have been working together for nearly four years, and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her.
After looking at her credentials and resume, I checked her out and can understand why she is probably your advisor. thanks for sharing, I planned a meeting with her.
He never asked where she would live if she sold her house, and how much it would cost it live there.
or what the kind of car was
It sounds like she was the monied spouse. If she had a prenup none of this would have happened to her. Prenup first, prenup foremost, prenup forever!
Maybe this woman has listened to the show, but no way she’s on the plan. 🤦♂️
Another reason we should have universal healthcare in America!
At a minimum, healthcare for cancer treatment
Lady makes $140k a year… Dave, “sounds like you’re scratching and clawing your way back”.
Sell the car, get a roommate and cut your expenses.
She makes too much money to be in that size of a pickle. It's not even that big of a pickle, unless she is spending all her money on private naturopathic treatments she easily has a big enough shovel to get out. She definitely needs to downsize the car and get out form those $700+ payments. Selling the house would likely be a mistake unless its just simply more house than she needs or can utilize. She needs to work her budget more and be willing to get intense about the stupid credit card debt.
No doubt! What's with all these huge income earners? Where does all their money go??
If they would just wait to buy stuff and save up cash instead, and then buy debt free...
Throwing money away to have stuff before they can actually afford it
Why do Dave keep cutting off Jade when she’s speaking?? He always seem to do that even on other vids. Almost as if he feels intimidated by her knowledge and the great questions she asks
Yes, he needs to behave better in regards to not interrupting Jade. Good catch.
He treats her like she's being uppity.
I'm not saying he does or doesn't BUT - It is called 'The Ramsey Show'. Just say'n.
@@ferngrows6740 you’re right. And if that’s the case, do it by yourself. No need to invite guests, and not let them speak
I've worked for someone who had the same personality type as Dave, ISTJ. They are very particular, if they don't like the particular way you are answering a question during a meeting they will cut you off. Very controlling, but very hardworking and dilligent on the plus side.
Poor lady sounds much older. She is 40.
House crazy woman. Get divorce buy a house get into debt buy a house. Get sick buy a house. SMH.
She owes 43 grand on a car worth 12 grand? Good lord.
Yup better than they deserve. They deserve much worse for sure
Wouldn't getting 1 or 2 housemates into her house help with paymemts?
Sure, but now you've got roommates again. She's well into her 40s. By the numbers, she can find $1K in breathing room by selling the house and buying a much less expensive condo. I'd probably take the cash to buy a cheaper house/condo first and foremost, then put the extra (and there could be $50K extra) towards the consumer debt, highest interest to lowest interest. Her priorities are wiping out the rest of the debts and rebuilding her 401K. Otherwise she'll be having a tough time affording rice & beans when she's retired. I'd love to see a more detailed breakdown.
It is so stupid to sell. Your home always..😢
That 40k car turns into a 20k car as soon as you drive it off the lot.
Thats bullshit
A 40k car drops to 38k when you drive it off the lot.
@@johnlanier3616 not in this market
Newer popular used cars can be sold at the same msrp to private party within like 5000 miles
So divorce set her back big time. Which means marriage set her back big time....makes one think doesn't it
Yup. 49 here never committed. Is that good? I guess maybe
Eh. Don't idolize being lonely for monetary purposes. When you die your money won't die with you. IMO being married is worth more than any amount of money when it's the right person. You have one life. Love and have fun with someone.
@@mitchdogstudios it's not about having a partner, I'm all for that. It's about involving the government and the courts in your financial business with your significant other and causing a big, expensive mess if you chose wrong.
✝️🙏
For the men; DO NOT GET MARRY!!!
👍🏾🔥🔥👍🏾
Harvesting the tax-free gain now makes sense and then you could rent until you are debt-free.
Once a cheater always a cheater
In a divorce sometimes the breadwinner is given the choice between taking all the debt or paying alimony. She obviously chose the debt and continued making poor choices with money. She probably spins stories about the ex husband being awful, but the reality is she began to despise him once she started making more money and wanting to live above her means. Let this be a cautionary tale guys, once she earns more it’s all downhill
That’s male thinking. I don’t know a single woman, myself included, who ever cared that she was making more than her husband. It’s a guy thing.
@@FR-tb7xhgotta disagree with you completely. 90% of the time I heard women say "i need someone on my level" which is code for they gotta have a man that makes as much or more than them. I'm married so this is non bias opinion. No horse in this race.
@@Shortballa11 Only twice in my 65 years have I ever heard a woman speak of a man’s money. And I was horrified both times that they thought, let alone uttered, it. Because it’s twisted thinking. Fortunately, it’s rare. Pretty sure if you’ve ever heard it, that the woman was referring to a potential SO being intellectually competent, not lazy, and not living in his mother’s basement. What men will never understand is that most of us women actually have little interest in how much they make as long as they can support themselves and their lifestyle without government or other’s help. We’re not impressed one bit in their cars, power toys, memberships, pecs, and not even other ‘gifts’ by their measures. To the contrary, for many of us women, men’s preoccupations (aka narcissism) over these things is a major turn off. What we love and will love forever is an intellectual peer who can hold a conversation, balance a checkbook, occasionally fix what breaks, has a can-do attitude, and continues to strive in his education, career, and life. Plus the all important chemistry. A builder and creator, not a taker. I think men whom are rejected on a regular basis or wind up being divorced often attribute their woes to a shallowness in the woman. Because it’s too painful for them to believe they’ve fallen short or have done something fatal to their relationships. Disclaimer: my educational was in mathematics and technology, and my career was spent in national technologies, so maybe I just hung with great people.
@@FR-tb7xhI cant argue your experience but I can tell you that you are very far removed from my generation. I found an amazing wife, but I can promise you that women are very explicit about liking everything you just said. ITs very very common that women set a certain salary that a man needs to make for them to court her. Its actually so common there are very popular podcasts nowadays dedicated to the subject where women are readily admitted it. Some say 70K or 250k minimum. Im happy your environment has been filled with rational ppl, but that is not common these days amongst the largest dating pool of ppl 20-40
@@Shortballa11 I don’t think it’s generational but rather an uncommon poverty of character when it exists? My kids and their friends are in their 30s now, and from what I’ve seen, their thinking is similar to mine re attraction and long term relationships. Over the decades, we’ve had countless spontaneous discussions on all matters, and not once have another’s financial status or possessions been mentioned, let alone as a gateway test to a relationship. TH-cam isn’t real. Just because someone makes a video doesn’t mean it’s representative of anything but themself. Find comfort in that.
Dave, again, is out of touch. Hasn't bought a real car in decades, for him to not understand those values.
You mean he's only bought real cars.
Dave ignored the sob story and sniffed out a rat
Forget about being in debt free lol this poor lady won’t be able to retire at this terrible advice
I'm sorry. This is what happens when you follow Dave Ramsey's awful advice.
first
Wow.
Does the divorce still taste better than the marriage? I bet he is doing better than her; hilarious. She makes terrible decisions when relying on herself.
I don't believe anything this lady says. She's all over the place. How many times did she start a sentence with "unfortunately..."? If she makes 140 and owes 223 and loves the house (which she does) I'd keep the house. Unless the house will need a bunch of work in the near future.
Whole convo was weird, they missed so many specifics about her that they usually ask, and anyone else making 140k with 220k owed they would say she can crush it. Her mortgage is close to 30% of her take home and knowing it’s a 30 year too.
This woman is a complete mess.
The ones calling into this show are. But remember it's the CALL SCREENER and thus the producer (ultimately Ramsey) putting these people on the air
If it wasn’t for the divorce where she was obviously the bread winner paying alimony and cancer, she would’ve been alright. Those two things…well…sometimes happen.
Gotta blame the husband.
The condition of the car can very much affect the sell back. I had a 70k car I sold for less than 20k because my interior was damaged. I broke the windshield in the fall and it got rained and snowed on bad. By time I sold the cars it was mold all over.