I really enjoy Jade. She shoots about as straight as Dave. She calls people out which few of the other Host's do. She'll call Callers idiots without saying the word idiot. I appreciate her.
Facts Jade is a real one , she don’t sugarcoat nothing she made it from gutters to the hightowers when it comes to debt anything she says has legit merit
I just got my tittle today in the mail for paying off my car loan!! Took me a while before I took the money from my savings to pay it off! The loan was for 18k+interesest (my hubby put 30k down payment in cash for it) I was making a lot paymento to principal and I finally take the 9k remaining balance. I was done!! My home is pay off. I pay it off january 2024. The remaining balance was 23k!! I took the money from my saving and pay it off!! It's no better feeling in the world that have what yoy work so hard for it on you NAME.. not the bank!! Thank you Jesus!! Now I keep saving even more. I'm 33 yo
I bought a new truck it was 19k after trade in so i decide to finance instead of taking my money out of my savings. After a little over a year making those payments, it was bothering me so I paid 11.3k this week to end that crap. I feel better
John from Fargo is a hero!! His math is correct. If he contributes $7,600 over his 11mos of debt payoff, employer matches $28,500 (15% of 190,000), that's ~$36,100 invested @ age 30. At age 65 with a 10% rate of return (RAMSEY'S PREFERRED RETURN), that would be ~$978,000. The downside? Adding ONE MONTH of debt payoff (I actually calculated 2-3 mos, but I trust his math over my quick math). I'd take that trade off any day!
A while back they gave the same advice to someone else. The math worked out to paying off debt 2 months earlier, at a cost of over $2,000,000 at retirement.
Yep, but they have to appeal to the average american who is in debt up to their ears and don't know anything about their personal finances. So they have to send one message and keep it simple. Anyone who is doing fine with their finances doesn't necessarily have to follow all the advice offered.
No way I'd turn down paying the 4% to my 401k to get employer match of 15% regardless of paying off the debt. I think this is an exception to the Ramsey rule.
Seriously, I absolutely am with you. It's obvious they can't run the math or even think strategically about this. Paying off an additional 4k in debt this year vs next year is really barely changing the debt paying trajectory. And the caller is right that the money the company is going to throw in is going to be worth a lot. The only way this might even out is if all 90k is payday loans or credit card debt. Between not paying taxes (+22%), and the match (+15%) that is almost a better return than having that money on a bad credit card.
@@RaechelMaelstromDave and his Ramsey personalities can't think outside their tiny box. Other than Dave, they can't do quick math calculations (unless Jade has her investment calculator, but she only whips that out if you're out of debt), so this call was above their pay grade. They're firmly entrenched in the Ramsey way, even if it's not the best way. This guy should definitely keep the 401(k) funded, and get the match.
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
They should hire a veteran/military personality as a co host for the military members advice ; I mean they have co host that specialize for relationships, career & money But they need one that speaks the military lingo and translate it with the programs the military/ VA has that could help them in the other areas to achieve debt freedom & so that the rest of the personalities can chime in to assist with the Ramsey plan they preach tie it together like they did everything else
For Erica in California, I'd also set up a Roth or retirement account for your teenager and agree upon amount that he doesn't actually 'need' every month and stash it in there. Even if it's $20, $50, $100... Then show him an investment calculator and how he could retire early someday or have retirement secure WAY ahead of most people.
37:00 when my kids were young and had money to spend, they were allowed to spend it how they wanted. I cautioned them that cheap, junky toys would probably break in a day or so, so weren't worth the money. That happened once, and my oldest son said, "Well, that must have been a junky toy." He was much wiser with his money after that. We would also figure out what he could get with the amount of money in his pocket. What would have to wait because he didn't have enough money. I also told him he needed to figure extra for taxes. He's extremely good with money as an adult. My youngest has disabilities, so has no concept of money. Different story, altogether.
It WILL backfire on you if you put two names on a credit card, take out a credit card in someone's else's name because you trust them or give a credit card to another just for one use. I don't care if it's a close relative. Money does strange and bad acting things to people. And suddenly, wham, you are fighting them and taking them to court!
Cut up all my credit cards, per Ramsey team advice. How do I rent cars, since they require a credit card? Also, I traveled internationally and tried to rely on only a single debit card, which was a mistake, since it was declined multiple times at the hotel when checking in, despite plenty of $$ in the account. (I thought I had already paid for the stay when I set up the reservation.) l only brought $100 cash otherwise. I had to get bailed out by family in that instance, which was embarrassing. How do you manage life without any credit cards at all? Please help!
Paying off my debt, working the steps...I plan to keep my credit union card for situations like this. Keeping it at a zero balance in the instances it's needed for an emergency rental or out country travel be prepared to simply pay off immediately. I love the advice and agree mostly but in these instances...because I have been at that place where the rental company that allowed me to book with a debit had the overzealous employee that wasn't budging. It's frustrating and embarrassing..
39:00 Turning $500 into $2500 monthly is a no-brainer! Unless you have debt that's hitting you for 400% interest (which is basically impossible) take that AMAZING 4x match. Even if it is lower because it's "up to 50%" I'd be jumping all over that!
@6:44 some rental car companies will accept debit cards, but some wont and will give you a hard time. When you're stuck in an airport its not the time to try to figure out which rental company will take a debit card.This summer I booked a rental with my debit card, they took the money off the card. I flew in and went to pick up the rental and they said they needed a credit card to put the 200 deposit for the vehicle. I didn't want that to be the place where I was stuck trying to go to each rental booth to get a car possible more expensive than how I booked online because I only had a debit card.
I ♡ you Jade. But I feel like she doesn't get all the information needed to answer the question properly. When the gentleman called about his works IRA match. These are the calls I wish Dave was around because those are the questions I would like to hear a proper response.
401 John’s match is good but there’s still a combined limit with employer match which he would hit. Also his plan could have a true up which would’ve allowed him to pay off debt and delay contributions but still get full match. Why didn’t either host ask about this?
19% (his 4 and the company’s 15) of his $190k salary is $36,100. Maybe I’m missing something, but this is well below the $70,000 limit for employer and employee contributions to 401(k) plans.
Spoiler alert. Having a mortgage payment IS DEBT. Maybe you got there without a credit score but NOW you’re in debt because you owe on the house. Tired of the double talk.
2024 decision year....had just paid off one of the vehicles in 2023 and 2024 paid off credit cards and the other vehicle. Debt free except for the house and 30 percent of the emergency fund is saved. Plans for 2025 is to finish emergency fund, invest 15 percent and start paying off the house. So yes it works!!!
This 2nd case scares me...dad need to stop giving this mom any cash. He will not get credit for it, and mom will NOT acknowledge that she's getting an additional $100 weekly. I hope this dad and every dads (non-custodial parent) will stop setting themselves up like this. Once the courts are involved, KEEP EVERYTHING THROUGH THE COURTS BECAUSE ADULTS ARE NOT MATURE ENOUGH TO BE HONEST.
North Dakota - making $190k a year, put 4% in that 401k and get the company match. It’s $700 a month. Treat it like another monthly payment. You have an exception for the conservative baby steps
He wasn't cut off, rather they were up against a hard break. If Jade and Rachel had any other advice, they would have held the call over. They did add words (but no additional advice) after the break.
Of course always noticed make sure that you notice they always cut people off. I’ve been watching on and off and listening on and off for about five years. They constantly cut people off meaning the hosts to the colors not understand their limited time but when the call comes in let the call and get out full sentences and all their full thoughts thank you.
I like this show, I just wish some of the hosts didn't just cut the other one off (while they are gathering info and talking to callers)-- it seems a little rude and it throws the advice off sometimes.
The only reason they say people can’t live without credit cards it is because this will make the credit company owner without their 50% profit every year. People wake up!!
It may not be a requirement to have a credit score; however, it certainly makes things a lot easier. Just because you have a credit score doesn’t mean you have to be in debt.
We Never hear you speak about responsible credit users and all the benefits it brings someone.. like a better interest rate on a home mortgage with a good credit score
I think they are wrong about not needing a credit score . The only apartments that will rent my son an apartment without a credit score is the worse part of town. Get a credit score and be responsible.
Beth, it sucks what you've gone through with your husband, but it's just reality now. Sounds like a compulsive liar , big spender or gambler maybe? Regardless, you should have pulled your head out of the sand a long time ago. Move on and live a better life for your remaining years
To the caller with the dad problem. Or you cut the phone or you don't answer and don't communicate even with your sister. Do you need family gatherings? I need no one. Will they hate you? So what! We came to this earth alone with nothing we go alone with nothing.
Staying with someone who abuses you financially or otherwise is a choice. Doesn't mean you aren't being victimized and that the abuser isn't responsible, but you are complicit in your own demise.
I really enjoy Jade. She shoots about as straight as Dave. She calls people out which few of the other Host's do. She'll call Callers idiots without saying the word idiot. I appreciate her.
Facts Jade is a real one , she don’t sugarcoat nothing she made it from gutters to the hightowers when it comes to debt anything she says has legit merit
caller 1 - 00:40
caller 2 - 13:00
caller 3 - 22:30
caller 4 - 38:50
caller 5 - 44:30
caller 6 - 54:00
caller 7 - 1:11:50
caller 8 - 1:22:05
GOAT
Thank you!
Thanks 🙏
I just got my tittle today in the mail for paying off my car loan!! Took me a while before I took the money from my savings to pay it off! The loan was for 18k+interesest (my hubby put 30k down payment in cash for it) I was making a lot paymento to principal and I finally take the 9k remaining balance. I was done!! My home is pay off. I pay it off january 2024. The remaining balance was 23k!! I took the money from my saving and pay it off!! It's no better feeling in the world that have what yoy work so hard for it on you NAME.. not the bank!! Thank you Jesus!! Now I keep saving even more. I'm 33 yo
Well done!!! Congratulations!!!!!
🎉🎉🎉🎉
👍🏾
I bought a new truck it was 19k after trade in so i decide to finance instead of taking my money out of my savings. After a little over a year making those payments, it was bothering me so I paid 11.3k this week to end that crap. I feel better
Congratulations!!! 🎉 And thank you for writing this message. It is very inspiring and has me excited to pay down my debts!!! 😁
John from Fargo is a hero!! His math is correct. If he contributes $7,600 over his 11mos of debt payoff, employer matches $28,500 (15% of 190,000), that's ~$36,100 invested @ age 30. At age 65 with a 10% rate of return (RAMSEY'S PREFERRED RETURN), that would be ~$978,000. The downside? Adding ONE MONTH of debt payoff (I actually calculated 2-3 mos, but I trust his math over my quick math). I'd take that trade off any day!
Ramsey rate of return is 12% so it makes their argument even weaker 😂
A while back they gave the same advice to someone else. The math worked out to paying off debt 2 months earlier, at a cost of over $2,000,000 at retirement.
That intro saxophone riff is just marvelous 😂
I think it is from “ Baker Street “ by Gerry Rafferty
It’s like Netflix ta dum
Its even better with a guitar in a old volvo commercial
Jazz saxophonist Jerry Rafferty, 🎶🎵Baker Street.
More of these two ladies hosting please!
Agreed 💯
Better take that 401k offer...
Facts
His math is right!! Imagine turning down $1mil to pay back debt 1-2 months sooner...
This makes no sense. 15% for 4%? I would take the 15
The baby steps aren’t the 10 commandments, there’s always exceptions. But don’t expect to call in and get them to deter from their company stance.
Yep, but they have to appeal to the average american who is in debt up to their ears and don't know anything about their personal finances. So they have to send one message and keep it simple. Anyone who is doing fine with their finances doesn't necessarily have to follow all the advice offered.
No way I'd turn down paying the 4% to my 401k to get employer match of 15% regardless of paying off the debt. I think this is an exception to the Ramsey rule.
Seriously, I absolutely am with you. It's obvious they can't run the math or even think strategically about this. Paying off an additional 4k in debt this year vs next year is really barely changing the debt paying trajectory. And the caller is right that the money the company is going to throw in is going to be worth a lot. The only way this might even out is if all 90k is payday loans or credit card debt. Between not paying taxes (+22%), and the match (+15%) that is almost a better return than having that money on a bad credit card.
I'd take it too. They need to regurgitate the baby steps and no logical thinking in this advice
Babysteps work 100% of the time regardless of any potential match
@@RaechelMaelstromDave and his Ramsey personalities can't think outside their tiny box. Other than Dave, they can't do quick math calculations (unless Jade has her investment calculator, but she only whips that out if you're out of debt), so this call was above their pay grade. They're firmly entrenched in the Ramsey way, even if it's not the best way. This guy should definitely keep the 401(k) funded, and get the match.
@@bettedavis9261If you are such an expert, why don't you have your own show?
The way they danced around telling that guy not to take 24K of free money in order to get out of debt one month sooner….. terrible advice
What would you know about it? Did you care to correct the part you disagree in? Of course not. You are a troll then
First caller needs to do more than just cut up the cards with her name on them, she needs to remove her name from the accounts.
Agree
Remove herself from the relationship! I wouldn't trust that man again!
I think they’re in her name and he uses them. She needs to cut them up and maybe cancel the accounts.
@ I thought she said they were joint credit cards.
Needs to remove the BF from her life too, tbh lol
Girl Power today!!! Love it, great show ladies!!!
That 401K match is a no-brainer.
Don't work for money; make money work for you. Invest wisely today to create the freedom you desire tomorrow.🇺🇲
Many new tra-ders face challenges without proper guidance. I found success by learning from James Clark's expertise.
@@Cradlethegrave-n9dExa-ctly, that's why I always rely on Mr. J. Clark's guid ance in everything I do.
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.
James Clark's market insights have consistently led to profitable decisions.
They should hire a veteran/military personality as a co host for the military members advice ; I mean they have co host that specialize for relationships, career & money
But they need one that speaks the military lingo and translate it with the programs the military/ VA has that could help them in the other areas to achieve debt freedom & so that the rest of the personalities can chime in to assist with the Ramsey plan they preach tie it together like they did everything else
Way too specific, that's what smart vestor pros are for
For Erica in California, I'd also set up a Roth or retirement account for your teenager and agree upon amount that he doesn't actually 'need' every month and stash it in there. Even if it's $20, $50, $100... Then show him an investment calculator and how he could retire early someday or have retirement secure WAY ahead of most people.
15% for the cost of 4% ... I'M ALL IN!!!
I give you $4, you give me $15... I'll take that trade for 30 yrs...
I LOVE JADE, RACHEL & GEORGE HOSTING ❤❤❤❤ Please more with them!!!
Me too.
The irony of having an ad for a smartvestor right after telling someone not to take a 4 for 1 match.
Agreed. The 2 hosts are just parroting Dave's one size fits all advice.
37:00 when my kids were young and had money to spend, they were allowed to spend it how they wanted. I cautioned them that cheap, junky toys would probably break in a day or so, so weren't worth the money. That happened once, and my oldest son said, "Well, that must have been a junky toy." He was much wiser with his money after that. We would also figure out what he could get with the amount of money in his pocket. What would have to wait because he didn't have enough money. I also told him he needed to figure extra for taxes. He's extremely good with money as an adult. My youngest has disabilities, so has no concept of money. Different story, altogether.
It WILL backfire on you if you put two names on a credit card, take out a credit card in someone's else's name because you trust them or give a credit card to another just for one use. I don't care if it's a close relative. Money does strange and bad acting things to people. And suddenly, wham, you are fighting them and taking them to court!
Cut up all my credit cards, per Ramsey team advice. How do I rent cars, since they require a credit card? Also, I traveled internationally and tried to rely on only a single debit card, which was a mistake, since it was declined multiple times at the hotel when checking in, despite plenty of $$ in the account. (I thought I had already paid for the stay when I set up the reservation.) l only brought $100 cash otherwise. I had to get bailed out by family in that instance, which was embarrassing. How do you manage life without any credit cards at all? Please help!
You could get a preloaded card for your travel
Paying off my debt, working the steps...I plan to keep my credit union card for situations like this. Keeping it at a zero balance in the instances it's needed for an emergency rental or out country travel be prepared to simply pay off immediately. I love the advice and agree mostly but in these instances...because I have been at that place where the rental company that allowed me to book with a debit had the overzealous employee that wasn't budging. It's frustrating and embarrassing..
@lori4eva good answer that never occurred to me.
Renting a car is one of the dumbest things a person can do. There is no excuse for such asinine behaviour.
@@lori4eva That will be treated like a debit card and not help the situation
I watched all the way to the end I liked it i am a stacker should I save my money in other funds ?
Yayyy my favorite duo!
Please post time frame increments of each segment
Love these two ..
39:00 Turning $500 into $2500 monthly is a no-brainer! Unless you have debt that's hitting you for 400% interest (which is basically impossible) take that AMAZING 4x match. Even if it is lower because it's "up to 50%" I'd be jumping all over that!
@6:44 some rental car companies will accept debit cards, but some wont and will give you a hard time. When you're stuck in an airport its not the time to try to figure out which rental company will take a debit card.This summer I booked a rental with my debit card, they took the money off the card. I flew in and went to pick up the rental and they said they needed a credit card to put the 200 deposit for the vehicle. I didn't want that to be the place where I was stuck trying to go to each rental booth to get a car possible more expensive than how I booked online because I only had a debit card.
I ♡ you Jade. But I feel like she doesn't get all the information needed to answer the question properly. When the gentleman called about his works IRA match.
These are the calls I wish Dave was around because those are the questions I would like to hear a proper response.
1st caller drove me crazy. Sounds too old to be this gullible.
Think of how dumb the average person is, and half the country is dummer than that. She's definitely on the bottom end of that scale
She needs a backbone, time to stand up to the BF
401 John’s match is good but there’s still a combined limit with employer match which he would hit. Also his plan could have a true up which would’ve allowed him to pay off debt and delay contributions but still get full match. Why didn’t either host ask about this?
19% (his 4 and the company’s 15) of his $190k salary is $36,100.
Maybe I’m missing something, but this is well below the $70,000 limit for employer and employee contributions to 401(k) plans.
Spoiler alert. Having a mortgage payment IS DEBT. Maybe you got there without a credit score but NOW you’re in debt because you owe on the house. Tired of the double talk.
Yeah…agree. They make it sound like it’s the jackpot but you don’t own it until it’s paid off just like a car…it’s debt until then
It's because it's typically the only debt that appreciates over time.
2024 decision year....had just paid off one of the vehicles in 2023 and 2024 paid off credit cards and the other vehicle. Debt free except for the house and 30 percent of the emergency fund is saved. Plans for 2025 is to finish emergency fund, invest 15 percent and start paying off the house. So yes it works!!!
Congrats
15% wow! I would take that!!!
This 2nd case scares me...dad need to stop giving this mom any cash. He will not get credit for it, and mom will NOT acknowledge that she's getting an additional $100 weekly. I hope this dad and every dads (non-custodial parent) will stop setting themselves up like this. Once the courts are involved, KEEP EVERYTHING THROUGH THE COURTS BECAUSE ADULTS ARE NOT MATURE ENOUGH TO BE HONEST.
Let's go ROC, NY!
But, if you follow the baby steps you will win financially.
North Dakota - making $190k a year, put 4% in that 401k and get the company match. It’s $700 a month. Treat it like another monthly payment. You have an exception for the conservative baby steps
Day trading isn't "kind of" gambling. It is completely, 100% gambling
I wanted to hear more from the guy who cosigned with his friend, but he was cut off
He wasn't cut off, rather they were up against a hard break. If Jade and Rachel had any other advice, they would have held the call over. They did add words (but no additional advice) after the break.
Of course always noticed make sure that you notice they always cut people off. I’ve been watching on and off and listening on and off for about five years. They constantly cut people off meaning the hosts to the colors not understand their limited time but when the call comes in let the call and get out full sentences and all their full thoughts thank you.
I like this show, I just wish some of the hosts didn't just cut the other one off (while they are gathering info and talking to callers)-- it seems a little rude and it throws the advice off sometimes.
Oh Gawd my husband is so terrible..Im in a home that is worth 850k and we owe 300....He is awful. SMH
People looking for acknowledgement and approval for their woe is me crap
The only reason they say people can’t live without credit cards it is because this will make the credit company owner without their 50% profit every year. People wake up!!
Take home is $3500 to $4000, 25% is $1000, unfortunately, there's absolutely no where that I can find to rent for $1000 a month
Roommates 😊
@Ali_Presler I got two of em that are broke-- 14 and 15😅😅😅
@ hang in there 😆😆
@@Ali_Presler😂😂😅
Your hair is gorgeous, but leave those long haired straight wigs alone sis!😂
It may not be a requirement to have a credit score; however, it certainly makes things a lot easier. Just because you have a credit score doesn’t mean you have to be in debt.
Beth, Beth, Beth; what rock have you been living under? It's never, EVER a good idea to give anyone use of your credit cards!
How naiive can you be?
I have tried several times to comment about Beth’s call and just cannot find the right words, just questions😢
We Never hear you speak about responsible credit users and all the benefits it brings someone.. like a better interest rate on a home mortgage with a good credit score
Probably because credit card usage is inherently responsible.
By the way, credit scores only exist in backwards hellholes
Ramsey doesn't believe that any credit card usage can be responsible
Because all debt is stupid no matter how you justify it
Wow. Now the father whose son in law day traded all their money gets cut off too. I wanted to hear his voice
Wow. This guys spending their retirement. He would be divorced immediately.
I think they are wrong about not needing a credit score . The only apartments that will rent my son an apartment without a credit score is the worse part of town. Get a credit score and be responsible.
La dos muñecas ❤️
Can't "jump" on a laptop George!!!! Please rethink this!
Insurance companies and even potential employers ask permission to see your credit score.
@@zenal3036 yup, especially those working in fields like accounting.
Which is why you're better off without one.
And that is find a score of zero is different then a low score
What have the Nigerian prince done to deserve this 😢
More idiocy from the Ramsey parrots. Take the 401k match. That's a no brainer.
That call was so bad 😂
Beth, it sucks what you've gone through with your husband, but it's just reality now. Sounds like a compulsive liar , big spender or gambler maybe? Regardless, you should have pulled your head out of the sand a long time ago. Move on and live a better life for your remaining years
To the caller with the dad problem. Or you cut the phone or you don't answer and don't communicate even with your sister. Do you need family gatherings? I need no one. Will they hate you? So what! We came to this earth alone with nothing we go alone with nothing.
You literally were born out of someone
Sweater szn
I thought a financial channel but really a hate men blame husband chanel...
I filled out the survey and I wrote "Jade is hot".
Cringe level 100000
Buy BTC.
I didn’t like when jade shamed that woman whose husband obviously beats her and said she’s at fault and a bad money manager. Usually love jades takes.
Staying with someone who abuses you financially or otherwise is a choice. Doesn't mean you aren't being victimized and that the abuser isn't responsible, but you are complicit in your own demise.
Best 2 hosts 🫡👍💯