While putting my daughter through college, I drove a rusted out 1997 Ford Explorer which I purchased for $1800. After she graduated, I bought myself a decent car, but still kept the Ford for snowy days because it was so dependable. I only got rid of it when it had to be towed away. There is no shame in living within your means.
I paid $5k for a 2007 Buick Lacrosse sedan with 65k miles from a 90 year old woman going into a nursing home. Still got it. Runs great. It's plain looking but very reliable with the 3800 motor.
It works…it works…it works. 10 years ago we SNAPPED out of it. Sold high end SUV and a sports car. Both brand new. Started driving a much much older pickup and small high mileage car. Ten years later we have built more net worth than the 25 years prior. There is NO vehicle being sold out there that would persuade me to go back in debt. Friends, it truly is not worth it
The thing you will realize after driving a cheaper car for a while is once you can afford to pay cash for the nice one you wanted you won't want it anymore. I drive a 325k mile 2004 4runner I could go to the dealer today and pay cash for a new one, but I have no desire to as it would feel like a complete waste of money. My old one gets me from A to B. Who cares what other people think.
Drove a used rental car for more than a decade. Financially it made good sense. And let me tell you not caring if the kids throw up in the back seat or if your door gets dinged is better than any blood pressure drug.
I'm driving around an 2007 Prius with 208k miles on it when I could pay cash for a luxury car, but it keeps me down to earth, and with the way people drive in Las Vegas, I like having a car that I don't need to baby. There's nothing wrong with having a boring vehicle; just check your ego and get on with your wealth building.
I LOVE how people have $80k in car debt and ask Dave how they can get out of debt LOL. Like he has some magic wand that they wont have to sell their cars or something. HA HA HA
@Austin Duke To be fair having a vehicle is basically forced upon you in America since we don't have good public transit in like 90 percent of the country. Cars keep you poor if cities invested more in mass transit infrastructure more people wouldn't be forced into debt buying cars and maintaining them.
Agreed. I work as a claims adjuster and I see people making less money than me who get cars I could never afford, nor want anyway and than I am scratching my head thinking, "How can you afford that?"
There is something funny about imagining Dave getting into his Corvette this morning then pausing to say, “I drove like no one else, now, I get to drive like no one else” then starts the car to leave. It’s like Dave goes around all day off the air and says his Dave sayings every chance he gets lol
@@mykelmellen2378 or, the waiter introduces himself and immediately starts talking about the specials before Dave interrupts him with, “what’s your question??”
@@ChocolateHabanero22 Or he starts lecturing the waiter about his finances and starts screaming at him “ The only time I want to see you in a restaurant is if you are working there!” Waiter replies “ I do work here.” 😆
I was ASTOUNDED when he asked Dave to help him, "how do I do it Dave, Ive been listening to you and read your books" uhhhhhhhh Half of his shows are "Sell the car" shows lol must not have been actually listening.
@@donjohnson1416 I wonder this for almost everyone who calls in. 90% of their questions would be answered by just watching one full episode of the Ramsey show...so why are they calling?
I offered a guy 6500 for an 04 Yukon XL and he turned it down. Great car but it needed a paint job. He sold it the next day. These used car prices are Nutz
Thank to you Mr Dave Ramsey I will never in my life will ever have a Car Payment or buy a new unless I have a net worth between $1 to $6 Million dollars
A new reliable car can be as cheap as a used one over time. Especially when there are rebates and discounts on outgoing models. Currently used cars are so overpriced a new one can potentially be cheaper per year if you keep it a long time.
I love $300 junk cars, especially the old 70s body on frame tanks. You always had the right of way. Even tractor trailers didn’t mess with you. You never had to worry about being robbed or carjacked.
I have to say I miss having an old car. Nobody was out to steal it, it gave zero impression that I have money, and if it got a little more dinged up, whatever.
What kind of life is it for you to be driving in a used $300 car all day? That is no way to live. Who will respect you? Or associate with you? No, the answer is to own a PROPER car. One that tells the world that you have made it, that you are a somebody. Not a nobody.
@@costco_pizza I don’t drive $300 cars anymore. That was back in high school. Most of my friends didn’t even have a car. The car was always packed with kids. You can’t even find a running car now for less than $3000. I now drive $30k plus cars, but actually enjoyed driving the $300 junker more.
Dave I have to say I appreciate you trying to staff up to create replacements for when you retire but unfortunately there is no replacement for you. Never retire.
His daughter and his associates look pretty competent to me. Of course Dave is the heart of the show,but one day he has to retire and leave new generation to take over his show.
We just paid off all our debt driving a 2009 jeep liberty and 2003 Tahoe, lots of repairs needed for both but still cheaper than a New car. Now we just got a Ford Maverick and paid cash, still have the other vehicles as well as backup.
I extrapolated the hypothetical cost of a vehicle over ten years. If you only spend 20k total for anything car related over ten years, it still costs $166 a month. Cars are just expensive
@@Itsdjsigi you save money. If you cant aford to save money you cant afford car payments. Also you dont need a 20k car. I bought my 2017 elantra in 2020 for 12k cash. Will drive it ten years and then buy in cash again.
@@Itsdjsigi learn how to do basic maintenance on TH-cam to save money, that's what I do lol And one can save the money they would otherwise be spending paying off their financed car. Slowly upgrade, keep saving, keep upgrading. Most aren't familiar with delayed gratification though, I think that's where the problem lies. They rationalize financing a car by telling themselves they're saving money because it's "more reliable"
I like how this guy thought he knew all the answers and agreed with Dave on everything, yet he still owns these cars. I think he enjoys his debt a little too much.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@user-qk9ro8rp8t However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
If you live in the mountain states it is essential to have a decent 4x4 to safely transport your family in adverse weather and snow. So everyone owns suv or 4door pick up.
I feel sorry for these people who have nice cars. Tying up so much mental real estate into it and all. My car is worth maybe $1k and I treat it the same as I treat it as treat my mower🤣
Two cars for 75k if they are worth about even are really just average or below average now. I don’t know how people are paying these prices but the truly expensive cars are coming down in price used.
4:56 didn't come soon enough. "I kinda want to do this, I kinda want to do that". Kind of wanting to do things is the reason he's in this big mess. Just do it, no kinda do it 😲.
I want to keep it short turns into a long story because the person usually starts knowing they don't want to tell Dave certain things(hence the I want to keep it to the basics) and when Dave pushes for the info he needs they have to come up with a way to explain without really explaining.
i'm pausing this video at 0:07, i look at the title and i'm losing it at daves first words... CARLOSS is in houston.... his name is carlos... and dave is going to tell him to get rid of the cars... xD
Someone needs to talk about the flip side of buying cheap cars. $5000 car is the new $1000 and they break! I know how to do most of my own repairs but I work too much to have time to do major repairs. Imagine if you have to pay a shop to fix them with labor rates of $150 hours! I speak from experience, I’m accumulating a collection of cheap, broken cars with no time to fix them!
Whenever a caller says "long story short", buckle up for a long story.
When someone starts off with “no disrespect, but” you’re about to be disrespected
“Long story short” is “people tell me I never shut up”
So true
🤣🤣🤣
😂😂😂
While putting my daughter through college, I drove a rusted out 1997 Ford Explorer which I purchased for $1800. After she graduated, I bought myself a decent car, but still kept the Ford for snowy days because it was so dependable. I only got rid of it when it had to be towed away. There is no shame in living within your means.
......or may I add .... below your/our means......
Beautifully said, Cindy! 👏
In Italy keep two cars, due to incurante and property costs is very expensive
“I wanna keep it short.”
You made absolutely no attempt to do so.
LOL. you beat me to the comment.
I paid $5k for a 2007 Buick Lacrosse sedan with 65k miles from a 90 year old woman going into a nursing home. Still got it. Runs great. It's plain looking but very reliable with the 3800 motor.
great car and great engine. I've owned a lucerne and several other GM cars with that engine, they run forever
It works…it works…it works.
10 years ago we SNAPPED out of it. Sold high end SUV and a sports car. Both brand new.
Started driving a much much older pickup and small high mileage car. Ten years later we have built more net worth than the 25 years prior.
There is NO vehicle being sold out there that would persuade me to go back in debt.
Friends, it truly is not worth it
You don't take care of a debt, you pay it. You take care of yourself and your family.
Barz
When someone says long story short, it's never short
He should have just said "to make a short story long"
@WhaTsApchat±⓸⓸⓻⓹⓻⓪⓪⓹⓽⓪⓵⓺ I will introduce you to 🖕
And also, when someone says; I'm not bragging - their bragging.
"Jag-wire" LOL! Gets me every time!
Cat caught in a fence?
😆
@@alinatamashevich3354 tee hee hee 🤣🤣🤣
The thing you will realize after driving a cheaper car for a while is once you can afford to pay cash for the nice one you wanted you won't want it anymore. I drive a 325k mile 2004 4runner I could go to the dealer today and pay cash for a new one, but I have no desire to as it would feel like a complete waste of money. My old one gets me from A to B. Who cares what other people think.
325k? That just be nice. Ours rusted out
@@janelleg597 luckily I don't live in a rust state.
Money in the pocket looks better that depreciation sitting in the driveway! 😂
@@crpruns69 Exactly
Some people enjoy cars
I can’t be the only person who watches these and screams, “GET TO THE POINT!”
this guy would still be talking if Dave didn't interrupt 😂
And they all like to start off with, "long story short..." 🤦
@@sorrygtfo lol
That was brutal
And it is always the people who say "I am going to keep this short".
$72k car debt on a $75k household income.. America in a nutshell
ehh there are some smart people out there unfortunately it’s programmed into our heads that we need them to be one with society
You can get cats for free.
@@user-tb7rn1il3q but you can’t drive them.
That struck my mind 🤯 how on earth one can go so nuts…
I think about this all the time too. Where do people get all this money to pay $1,500 a month in car notes on top of everything else
Drove a used rental car for more than a decade.
Financially it made good sense.
And let me tell you not caring if the kids throw up in the back seat or if your door gets dinged is better than any blood pressure drug.
“I have a little bit of debt. Well, a lot of debt” 😂
😂😂😂😂
Dave: Sell the car.
Caller: We have two cars.
Dave: Sell the car. Then, sell the car again.
This is classic Ramsey
Caller: "I'm going to keep this short..."
Narrator: He did not in fact keep it remotely close to sort.
I'm driving around an 2007 Prius with 208k miles on it when I could pay cash for a luxury car, but it keeps me down to earth, and with the way people drive in Las Vegas, I like having a car that I don't need to baby. There's nothing wrong with having a boring vehicle; just check your ego and get on with your wealth building.
Rachel is a fantastic co-host with Dave.
I LOVE how people have $80k in car debt and ask Dave how they can get out of debt LOL. Like he has some magic wand that they wont have to sell their cars or something. HA HA HA
@Austin Duke yep everyone I know has a 4-$500 car loan. It’s completely normal.
Alacazam alakazoo, only beans and rice for you!
I tell people I haven't had a car payment in seven years and they look at me like I have three heads.
No mame. I can’t sell my cars since they part of my rideshare fleet
@Austin Duke To be fair having a vehicle is basically forced upon you in America since we don't have good public transit in like 90 percent of the country. Cars keep you poor if cities invested more in mass transit infrastructure more people wouldn't be forced into debt buying cars and maintaining them.
Cringeworthy when auto debt is almost 100% of their annual income. Insane how we justify these outrageous purchases
I LOVE how Rachel loves to bust her dad's chops.... Love ya both.
We need a picture of David old hoopty car. Needs to be in the Dave’s Ramsey museum!
Whenever they say “I’ve been listening to you” prepare for some foolishness😂
Bro called in as “Car-los” and hung up as “Car-less”
There are plenty of vehicles under $6000 that can be bought and driven.
Agreed. I work as a claims adjuster and I see people making less money than me who get cars I could never afford, nor want anyway and than I am scratching my head thinking, "How can you afford that?"
Most of them are money pits these days. Sure, if you know cars and have a place to do small repairs yourself you can find a good one....
There is something funny about imagining Dave getting into his Corvette this morning then pausing to say, “I drove like no one else, now, I get to drive like no one else” then starts the car to leave.
It’s like Dave goes around all day off the air and says his Dave sayings every chance he gets lol
Dave goes to a restaurant:
Waiter: "what would you like, sir?"
Dave: "keep it simple, stupid."
Waiter:
@@mykelmellen2378 or, the waiter introduces himself and immediately starts talking about the specials before Dave interrupts him with, “what’s your question??”
@@nicholasmartinez6043
Waiter: What can I get for you today?
Dave: What's your median household income?
That is funny 😆
@@ChocolateHabanero22 Or he starts lecturing the waiter about his finances and starts screaming at him “ The only time I want to see you in a restaurant is if you are working there!” Waiter replies “ I do work here.” 😆
I mean he’s probably got $800-1,000 in car payments per month 🤦♀️ this is why most people are broke and wonder why.
I was ASTOUNDED when he asked Dave to help him, "how do I do it Dave, Ive been listening to you and read your books" uhhhhhhhh Half of his shows are "Sell the car" shows lol must not have been actually listening.
@@donjohnson1416 I wonder this for almost everyone who calls in. 90% of their questions would be answered by just watching one full episode of the Ramsey show...so why are they calling?
@@StephenIC LOL yer not wrong
That's half of his pay right there
@@StephenIC seems like they want Dave to push them a little.
See the problem is most people worry about what others will think of them if they don't own/finance/lease/rent shiny new tings 🤔
Makes 75k and 72k in cars unreal
Basic math, $75k income with $75k owed on cars. What part of that makes sense?
His momma didn’t name him CAR-los for nothing
This is the comment I came for
Bout to be Car-less if he takes the advice.
Carlos, Carloans, seems accurate.
🥁🤡
He shoulda left the CAR-lot before he purchased a $75k vehicle.
Jaguar
Everyone: Jag-War
Rachel: Jag-Wire
🤣
The English: Jag-u-ar
buying cars equal to your household income. oops.
Rachel always dresses so cute!!
So does Dave!
Rachel _is_ cute.
Neither one of them can pronounce Jaguar correctly 😂
“Jag-wire.”
@@jh1328 i HATE that lol. Jimmy Johnson does the same thing and it's unbelievable.
@@jh1328 At least Rachel knows what Bondo is.
Sell both of the cars and buy a horse! 🤣
It is Texas!
This caller has hope. Hope without action is not hope.
Living life not caring about what other people thank is true Freedom. Unfortunately very few people will ever experience that type of freedom! 😃😃😃😃😃
I offered a guy 6500 for an 04 Yukon XL and he turned it down. Great car but it needed a paint job. He sold it the next day. These used car prices are Nutz
I don’t understand why people care so much about cars and have such an attachment to them.
They like making people think they’re doing well
They're works of art
You can say that about most things. I don’t understand why people care so much about politics.
@@cisium1184 touche
Me neither
Years ago my in-laws told my wife they were going to gift us their time share. I told her, sorry that's never gonna happen.
Sell the in laws
I wish these people would get to the point.
They always say “long story short”…. But it’s never short
Thank to you Mr Dave Ramsey I will never in my life will ever have a Car Payment or buy a new unless I have a net worth between $1 to $6 Million dollars
A new reliable car can be as cheap as a used one over time. Especially when there are rebates and discounts on outgoing models.
Currently used cars are so overpriced a new one can potentially be cheaper per year if you keep it a long time.
His car debt is insane for his income.
Nobody should care about other people's car!
mechanics?
"I'll keep it short" - You just know it's going to drag on and on.
Carlos shut the heck up and pay your bills huehue.
I love $300 junk cars, especially the old 70s body on frame tanks. You always had the right of way. Even tractor trailers didn’t mess with you. You never had to worry about being robbed or carjacked.
I have to say I miss having an old car. Nobody was out to steal it, it gave zero impression that I have money, and if it got a little more dinged up, whatever.
What kind of life is it for you to be driving in a used $300 car all day? That is no way to live. Who will respect you? Or associate with you? No, the answer is to own a PROPER car. One that tells the world that you have made it, that you are a somebody. Not a nobody.
@@costco_pizza agreed my man. people pay too much for what they can't afford but also there's those settle for what they think they deserve
@@costco_pizza I don’t drive $300 cars anymore. That was back in high school. Most of my friends didn’t even have a car. The car was always packed with kids. You can’t even find a running car now for less than $3000. I now drive $30k plus cars, but actually enjoyed driving the $300 junker more.
Dave I have to say I appreciate you trying to staff up to create replacements for when you retire but unfortunately there is no replacement for you. Never retire.
His daughter and his associates look pretty competent to me.
Of course Dave is the heart of the show,but one day he has to retire and leave new generation to take over his show.
We just paid off all our debt driving a 2009 jeep liberty and 2003 Tahoe, lots of repairs needed for both but still cheaper than a New car. Now we just got a Ford Maverick and paid cash, still have the other vehicles as well as backup.
I've been looking at Ford mavericks. What do you think?
I extrapolated the hypothetical cost of a vehicle over ten years. If you only spend 20k total for anything car related over ten years, it still costs $166 a month. Cars are just expensive
If you pay cash 20k doesn’t turn into 27k from interest added.
@@1978wisper Not many people have 20k cash laying around for a car. Sounds good but not realistic or smart
@@Itsdjsigi you save money. If you cant aford to save money you cant afford car payments. Also you dont need a 20k car. I bought my 2017 elantra in 2020 for 12k cash. Will drive it ten years and then buy in cash again.
@@Itsdjsigi learn how to do basic maintenance on TH-cam to save money, that's what I do lol
And one can save the money they would otherwise be spending paying off their financed car. Slowly upgrade, keep saving, keep upgrading.
Most aren't familiar with delayed gratification though, I think that's where the problem lies. They rationalize financing a car by telling themselves they're saving money because it's "more reliable"
You don’t “fall into a time share.”, you made that choice…it was a poor choice, but now that you know better….do better.
You beat me to it.
Jeebus Carlos. It's just a truck. A vehicle gets you from point A to point B. Period.
The younger ones seem to tie up their self esteem in their cars. The bigger SUV the better.
Update: The caller is still talking.
Rachel, a Tacoma is a truck, not a car. You should keep it generic and just call it a vee-hick-el.
People still sign up for timeshares??
I like how this guy thought he knew all the answers and agreed with Dave on everything, yet he still owns these cars. I think he enjoys his debt a little too much.
Cool....1960 Corvette. Picture please!
Getting out of car debt will change your life.
Time Shares = multiple problems, NEVER go there. Work on decision-making.
Caller: “I’m Carlos.” Dave: “Well, from now on you’re ‘car-loss’.”
He ain’t keepin it short 😂.
How do you call a Mexican who lost all his cars!?! CARLOS!, it was implied in his name what the solution was 😂
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@user-qk9ro8rp8t However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments
@user-qk9ro8rp8t Judith Ann peace is her name
Lookup with her name on the webpage.
@user-qk9ro8rp8t You are welcome .
If you live in the mountain states it is essential to have a decent 4x4 to safely transport your family in adverse weather and snow. So everyone owns suv or 4door pick up.
8:03 The thought of having a car payment makes my stomach hurt. 🤢
I feel sorry for these people who have nice cars. Tying up so much mental real estate into it and all. My car is worth maybe $1k and I treat it the same as I treat it as treat my mower🤣
😂
Two cars for 75k if they are worth about even are really just average or below average now. I don’t know how people are paying these prices but the truly expensive cars are coming down in price used.
Timeshare victims in 2022 😂😂😂
...idiots not victims...
How do you fall into a timeshare?
They're kinda like alternative dimensions/realities. Gotta watch your step around those pesky fellers.
When people say they "fell into" something, it means they won't accept responsibility for their life decisions.
Maybe he slipped? Maybe they didn't have a wet floor sign. He should sue them for that.
Enough free margaritas
Whenever someone says “long story short “, you know it’s not going to be short
He loves his cars so much that even his name starts with a 'Car'... 😉
🤣🤣🤣. There’s no such thing as coincidences.
He needs to add a T at the end of his name then cause he's... *Car-lost*
I’ve never heard a caller who loves to talk this much
Davey didn’t mean to brag but he had to push his ego
4:56 didn't come soon enough. "I kinda want to do this, I kinda want to do that". Kind of wanting to do things is the reason he's in this big mess. Just do it, no kinda do it 😲.
4runner and tacoma at least he Makes good choices in vehicles
Love the humble brag by Dave
I don't think it was a humble brag.
He's just straight proud of the accomplishment
I want to keep it short turns into a long story because the person usually starts knowing they don't want to tell Dave certain things(hence the I want to keep it to the basics) and when Dave pushes for the info he needs they have to come up with a way to explain without really explaining.
"If you drive like no one else, later you can drive and *arrive* like no one else" - Dave Ramsey
Or something like that.
Sell them to me Carlos. Im in Aldine, TX. My wife wants a 4Runner.
Correct me if I'm wrong. Carlos said he has been following Dave but yet he did things contrary to Dave teachings? Wth?
Oo thats everyone. People ignore logic.
i'm pausing this video at 0:07, i look at the title and i'm losing it at daves first words... CARLOSS is in houston.... his name is carlos... and dave is going to tell him to get rid of the cars... xD
Approving people for cars loan that’s equal to their house hold income should be illegal lol. -.- what are you guys thinking man.
Tell that to the dealerships in america
Someone needs to talk about the flip side of buying cheap cars. $5000 car is the new $1000 and they break! I know how to do most of my own repairs but I work too much to have time to do major repairs. Imagine if you have to pay a shop to fix them with labor rates of $150 hours! I speak from experience, I’m accumulating a collection of cheap, broken cars with no time to fix them!
Buying time share. was a terrible decision... but buying Toyota was great decision! Good luck Carlos!
I do love my paid off 4runner.
What's a jagwire? 😂
/s
What's a "Jag-wire"? 🤦🏽♀️
He ain’t selling those cars lol
Driving a price of junk for three months won’t get him back to a Tacoma.
Timeshare 😂😂
I hope he got all the smiles he wanted at red lights with that stupid Tacoma to seek his approval
Carlos needs to sell is Tacoma for sure especially if he can make $2K on it.
Houston u can get a city bus pass
$100. A month. All the free transportation
You want
He been gifted the used car climate that he can erase his disaster and he won’t because of a dumb Tacoma.
To hear him, you'd think he owned the _real_ Tacoma, in Washington.
Hahaha Dave it’s 2022 and I still want a Jaguar 😂
No Dave, you should say Jaguar like Jeremy Clarkson does: Jaaaaggggg
“Long story short”, really means, “short story long.” Buckle up your seatbelt when you hear those words lol.
“A long story short” is not. I like it when Dave interrupts the caller to keep him from rambling.
Carlos is car-less 😫😫
On and on the short story goes..😩
It’s not jag-wire, it’s jag-war.
Nope. Jag-u-er