Dave, I Feel Like an Idiot!

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  • เผยแพร่เมื่อ 21 ก.ย. 2024
  • Dave, I Feel Like an Idiot!
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ความคิดเห็น • 403

  • @TheRamseyShow
    @TheRamseyShow  4 ปีที่แล้ว +12

    Get life-changing financial advice anytime, anywhere. Subscribe today: th-cam.com/users/TheDaveRamseyShow

  • @javiervazquezz
    @javiervazquezz 4 ปีที่แล้ว +359

    The title had me thinking I called in and hadn’t realized it

    • @wtk6069
      @wtk6069 4 ปีที่แล้ว +19

      Funny, it made my wife think I had called in without telling her.

    • @jegie
      @jegie 4 ปีที่แล้ว +3

      Lol 😂

    • @mr.speyside5240
      @mr.speyside5240 4 ปีที่แล้ว +1

      Hah

    • @fourdayhomestead2839
      @fourdayhomestead2839 4 ปีที่แล้ว +3

      I feel for this guy. I did the same thing. Desperation needing a way to work slaved, but now 2 mo overtime to pay it off & get back on track.

    • @startingtech3900
      @startingtech3900 4 ปีที่แล้ว +3

      its even my name haha

  • @sterlingw33887
    @sterlingw33887 4 ปีที่แล้ว +45

    I love how some of the callers sound so guilty like Dave is their upset parent.

    • @caity9244
      @caity9244 4 ปีที่แล้ว

      Lol 😂

    • @caity9244
      @caity9244 4 ปีที่แล้ว +2

      @Marc Archibald What is wrong with you? 🤔

  • @davidliang913
    @davidliang913 4 ปีที่แล้ว +105

    Feeling upset from this situation is fine. No one can blame the guy. Just gotta keep going when the going gets tough!

    • @philt6800
      @philt6800 4 ปีที่แล้ว +4

      I was in the same situation where my transmission was shot and financed another car because I was too scared to go from a 10k emergency to potentially losing it all in a money pit. It’s a 12 year old car and I still have it. I felt so stupid when I did that. I was scared I was going to lose my job to layoffs due to Coronavirus so I acted straight out of fear. Following the baby steps sure takes developing a spine and mental fortitude.

  • @boldsign
    @boldsign 4 ปีที่แล้ว +65

    Thought the dude financed a car made of solid gold, he's just sweating bullets over a $10,000 car.

    • @BengalTiger47
      @BengalTiger47 4 ปีที่แล้ว +12

      If he’s pounding his head over a $10k car loan, that means he’s got income issues that need his attention more than a car.

    • @choreomaniac
      @choreomaniac 3 ปีที่แล้ว +1

      Sounds like it was maybe a 15-17k car because he used his emergency fund and financed the rest.

  • @thomasm5922
    @thomasm5922 4 ปีที่แล้ว +136

    $1000 car will break. $10,000 car will break. $100,000 car will break. And no one really knows for sure when.

    • @startingtech3900
      @startingtech3900 4 ปีที่แล้ว +2

      truth my guy!

    • @strictnonconformist7369
      @strictnonconformist7369 4 ปีที่แล้ว +11

      More people need to have that perspective.
      Also, the more expensive the new car price of that car, more likely the more expensive the repairs and maintenance will be!

    • @mingchi1855
      @mingchi1855 4 ปีที่แล้ว +3

      You always hear ppl sayin "No!!! Used car is not safe!". Well, those are the exact same ppl wrecking their cars on highways and even parking lot. It's not the cars are not safe, THEY are not safe. Also not to mention, when they bought their "safe" new car and drove for 1 year, it's now formally become a used car, is it not safe?

    • @LethalDentCompany
      @LethalDentCompany 4 ปีที่แล้ว +4

      The more expensive they are the more they break

    • @elitebigs2010
      @elitebigs2010 4 ปีที่แล้ว +1

      That’s right 100%. All cars break. Some cars break faster then others and honestly that’s why I look into cars that don’t break as often. Look at more reliable cars .

  • @BrokeMillionaire1
    @BrokeMillionaire1 4 ปีที่แล้ว +140

    Dude, you will be ok. This is $10,000. Just knock it out quickly. At least you didn’t go buy a $50,000 truck.

    • @Raec123
      @Raec123 4 ปีที่แล้ว +10

      My thoughts exactly. It’s only $10k. That can be paid off in no time. I would wonder most about what rate he got for financing it...

    • @unscripted483
      @unscripted483 4 ปีที่แล้ว +4

      Ikr I paid my car off in 2 years it was 10k

    • @nicholascampos1615
      @nicholascampos1615 4 ปีที่แล้ว

      @@Raec123 7

    • @nicktaylor1003
      @nicktaylor1003 4 ปีที่แล้ว +1

      @@Raec123 probably next to nothing if he has good credit

    • @lamontcunningham5286
      @lamontcunningham5286 4 ปีที่แล้ว +2

      @@Raec123 I don't even think it matters what the interest rate is because he's going to pay it off so fast.

  • @foolishdrunk2181
    @foolishdrunk2181 4 ปีที่แล้ว +40

    Speaking of cars, mine got totaled on the highway six months ago .....and i walked away with just a few bruises. Thank God I wore that seat belt !!!!!!

    • @88niteowl88
      @88niteowl88 4 ปีที่แล้ว

      Praise God! To God be the GLORY! Thanks for sharing!

    • @dannyh9010
      @dannyh9010 3 ปีที่แล้ว

      Given your name, should we be surprised?

    • @foolishdrunk2181
      @foolishdrunk2181 3 ปีที่แล้ว

      @@dannyh9010
      I was sober. The cops gave the other guy a ticket for failure to yeild

  • @user-ne9wp8ve5u
    @user-ne9wp8ve5u 4 ปีที่แล้ว +125

    Sounds like the caller needs to listen to Scotty Kilmer for car advice but it’s a good thing that he listens to Dave for financial advice.

    • @pollopollo3531
      @pollopollo3531 4 ปีที่แล้ว +7

      Scotty is the man

    • @patty109109
      @patty109109 4 ปีที่แล้ว +4

      Yep. Buy a Toyota.

    • @nicholascampos1615
      @nicholascampos1615 4 ปีที่แล้ว +3

      Found scotty a week after I got the car he rocks

    • @nick000002
      @nick000002 4 ปีที่แล้ว +4

      Rev up your engine

    • @06XTOR
      @06XTOR 4 ปีที่แล้ว +6

      Scotty is a clown..entertaining yes.

  • @AH-up8zh
    @AH-up8zh 4 ปีที่แล้ว +64

    He will be fine... Just pay it off as soon as you can

    • @robindouglas5721
      @robindouglas5721 4 ปีที่แล้ว +2

      Exactly, and make it a lesson learned

    • @TheShahZAAM
      @TheShahZAAM 4 ปีที่แล้ว +3

      nah, this type of attitude you get you in this trap again

  • @giovannijmendez
    @giovannijmendez 4 ปีที่แล้ว +136

    there are plenty of decent toyota’s and honda’s out there for $5,000 or less. if you buy a $5,000 and it only lasts you 3 years, you made your money. a lease at $300 / month over 3 years would have been $10,800 in the trash.. not to mention the higher insurance costs. Most likely after 3 years, the $5,000 car will still be running & you could sell it for $1,000-$3,000, making it an even better purchase! There’s a toyota camry near me for $4,000 with 109,000 miles! it looks mint too. that car still likely has more than double it’s life left!

    • @JK20239
      @JK20239 4 ปีที่แล้ว +13

      Toyota for 5000 is extremely rare. Most have 500k miles and had a good run. Decent toyotas are 10k-15k even with low miles

    • @CerronPritchett
      @CerronPritchett 4 ปีที่แล้ว +8

      My next car will be a Toyota or Honda

    • @kevinkidneyy
      @kevinkidneyy 4 ปีที่แล้ว +9

      Yup got my Camry at 70k mikes for $6000 , now its at 223k miles . Saved a ton and easy maintenances do my self

    • @kevinkidneyy
      @kevinkidneyy 4 ปีที่แล้ว +10

      Joshua nooo you must be looking at tacomas . There are plenty of Camrys and corollas for cheap . Scion too

    • @kevinkidneyy
      @kevinkidneyy 4 ปีที่แล้ว +3

      JoeAceJR nope 2007 Camry 223k best cars . Burn little oil who cares add oil . Better than a car payment .

  • @financiallift6185
    @financiallift6185 4 ปีที่แล้ว +66

    All he can do is try to not make the same mistake again. Plenty of kids out of college end up buying more than a 10k car and don't realize till way later the mistake they made

    • @unscripted483
      @unscripted483 4 ปีที่แล้ว +5

      I bought my car 10,500. 2014 mustang and paid ir off in 2 years. 10k for financing a car isn't the worst imo but should still be avoided if possible

    • @hmmichael438
      @hmmichael438 4 ปีที่แล้ว +2

      Bought a brand new car on payments right after college. Beyond dumb. Never ever again!

    • @thematthewyoung
      @thematthewyoung 4 ปีที่แล้ว

      Just depends on your income and the car price. if you make 40k out of college and buy a 20k car on loan that's bad. this guy buying a 10k car to get his family back to his job is totally fine. better than buying two 5k cars that break down back to back. our household income is around 100k and we got a 15k Chevy Malibu on a 4 year loan and only ended up financing 12k. the loan is under 10k now within a year of regular payments and soon we will have the whole thing paid off. it's about perspective. sometimes the 2k in interest you end up paying is worth the reliable car, the factory warranty, etc. just make sure not to just think of yourself as an idiot for buying a car on a good deal with a small loan to keep making the money for your family

  • @BeccaWebsterx
    @BeccaWebsterx 4 ปีที่แล้ว +50

    Hope everyone has a great day today 💛

    • @mikehonchoboi
      @mikehonchoboi 4 ปีที่แล้ว +5

      Same to you!

    • @cancel.lgbtq.6892
      @cancel.lgbtq.6892 4 ปีที่แล้ว +1

      Would be better if you can come over and help me clean my house.

    • @BeccaWebsterx
      @BeccaWebsterx 4 ปีที่แล้ว

      Mike Honcho thanks you (:

    • @videosforall5170
      @videosforall5170 4 ปีที่แล้ว +1

      You too Becca keep the Faith

    • @Hilbrandi
      @Hilbrandi 4 ปีที่แล้ว

      Thanks 😊

  • @foford2010
    @foford2010 4 ปีที่แล้ว +44

    I guess the Kia was Killed In Action. I only bought Toyotas when I was broke.

    • @anita4332
      @anita4332 4 ปีที่แล้ว +1

      @Beyond Tribalism He drives a ford 😆

  • @jayrocastro2951
    @jayrocastro2951 4 ปีที่แล้ว +3

    I bought a 1999 toyota Avalon at the public auction for $550 with 289k miles one year and a half ago and the white goose is still driving strong and if it breaks down I'll be back at the auction again. Got love those beaters

    • @1996islandgurl
      @1996islandgurl 4 ปีที่แล้ว

      Jayro Castro those cars are the best! I had one and it barely gave me trouble.

  • @liamwelsh5565
    @liamwelsh5565 4 ปีที่แล้ว +4

    2007 Kia. There's your mistake. If you're gonna buy an old car, buy a Toyota or Honda. Often times the car will rust beyond being safe before the engine or transmission goes.

    • @marymcmann9546
      @marymcmann9546 3 ปีที่แล้ว

      Sounds like my 2000 Toyota Camry! She runs like a dream but has some rust & hail damage.

  • @exaucemayunga22
    @exaucemayunga22 4 ปีที่แล้ว +27

    It's crazy how people are still blind about this issue. I bought my first car at 18 for $1500 and another one this year at 20 for $4000. A 2007 Suzuki and a 2012 Nissan Sentra. And they both run good with no issue. I always tell my friends to pay cash for their cars and I'll never make payments on a car (unless I'm really really rich and bored with no debts)

    • @saiga12forme88
      @saiga12forme88 4 ปีที่แล้ว +2

      Well said man. I have friends that won't listen either, they go into debt $20K for a new car because they couldn't afford a $400 fix and they justify it like "I'm building my credit". Building your credit for $20K debt and 10%+ interest on top is not worth it. I was surprised I hit 800 credit score with one credit card that I pay off every month and have yet to ever spend a penny in interest. Not everyone is fortunate enough but people impulse buy the 2nd biggest purchases they'll ever make.

    • @shaloon64
      @shaloon64 4 ปีที่แล้ว +1

      I pay $75 a month to insure my 1999 subaru that I've owned for 5 years whilst my friends bought newer suvs where they pay $275-$300/mo. That's $200 more per month, in 3 years that extra insurance cost pays for my whole car.

    • @exaucemayunga22
      @exaucemayunga22 4 ปีที่แล้ว +2

      @@shaloon64 this is why you won't even find 5 cars that you can buy cash when you go to a dealership. It's always the financing option because they know that's how they grab our money.

    • @donjohnson1416
      @donjohnson1416 3 ปีที่แล้ว

      You are gonna be a MILLIONAIRE when you are probably 50 or sooner!! Good for you

    • @exaucemayunga22
      @exaucemayunga22 3 ปีที่แล้ว

      @@donjohnson1416 thank you

  • @mr.speyside5240
    @mr.speyside5240 4 ปีที่แล้ว +52

    I get what Ramsey is saying but $10k isn’t that bad. He at least found the middle ground.

  • @michaelwoods4495
    @michaelwoods4495 4 ปีที่แล้ว +22

    Try this bit of an old Fred Astaire song:
    Nothing's impossible I have found,
    For when my chin is on the ground,
    I pick myself up,
    Dust myself off,
    Start all over again.
    Don't lose your confidence if you slip,
    Be grateful for a pleasant trip,
    And pick yourself up,
    Dust yourself off,
    Start all over again.
    Work like a soul inspired,
    Till the battle of the day is won.
    You may be sick and tired,
    But you'll be a man, my son!
    Will you remember the famous men,
    Who had to fall to rise again?
    So take a deep breath,
    Pick yourself up,
    Dust yourself off,
    Start all over again.

  • @TheGoat-qw6jb
    @TheGoat-qw6jb 4 ปีที่แล้ว +24

    Buy a Japanese car. Affordable and the MOST reliable. My 2003 Camry looks amazing and I paid cash for it and it has not given me a single problem💯

    • @michaelh5055
      @michaelh5055 3 ปีที่แล้ว +1

      You can't kill a phucking Toyota if you tried 🤣
      They are like old Briggs and Stratton engines from the 80s.

  • @truthlove1114
    @truthlove1114 3 ปีที่แล้ว +7

    Toyota and Honda’s can go forever and ever as long as basic maintenance is done

  • @1.5Koreans0.5American
    @1.5Koreans0.5American 4 ปีที่แล้ว +32

    Dave: "You did something stupid, does that mean you're stupid?"
    Him: "No."

    • @Finestizpro
      @Finestizpro 4 ปีที่แล้ว

      Funny he had an actual pause moment😅

  • @StrengthResurgence
    @StrengthResurgence 4 ปีที่แล้ว +4

    It would be frustrating to be that close to paying off all your debt and then have this happen, but if he’s worked hard to pay off all his other debt up to this point, I’d be willing to bet he can get this cleaned up rather quickly. Never a fun thing, but discipline equals freedom.

  • @misstrice84
    @misstrice84 4 ปีที่แล้ว +8

    Basically, it was an emotional decision. I never thought of it that way.

  • @QuestionEverythingButWHY
    @QuestionEverythingButWHY 4 ปีที่แล้ว +31

    "Doubt kills more dreams than failure ever will."
    -- Suzy Kassem

    • @thepilgrim1842
      @thepilgrim1842 4 ปีที่แล้ว

      Wow I like that!

    • @thepilgrim1842
      @thepilgrim1842 4 ปีที่แล้ว

      You know a lot of quotes!

    • @pic376
      @pic376 4 ปีที่แล้ว

      That's true. I always go with my instinct. It's always right 99% of the time. Not lying.

  • @bellmattwebb
    @bellmattwebb 4 ปีที่แล้ว +3

    I have never paid more than 5k for a car for over 20 years (five different cars by the way). Going to try the total money makeover. Seems like it's going to be pretty easy to do this part of it.

  • @ludens1526
    @ludens1526 4 ปีที่แล้ว +21

    The most I’ve spent on a car was $6,000 so far.

    • @ssh6706
      @ssh6706 3 ปีที่แล้ว +1

      Most I've spent is $4,000 cash, then $3500 & then $3000..
      All with cash. Now I'm saving up for my future car 👍

    • @yashpatel3123
      @yashpatel3123 3 ปีที่แล้ว

      And than spent $200 monthly to fix it and keep it running😂

    • @ludens1526
      @ludens1526 3 ปีที่แล้ว

      @@yashpatel3123 lol my mustang been running strong for almost a year now.

    • @yashpatel3123
      @yashpatel3123 3 ปีที่แล้ว

      @@ludens1526 you are lucky then. I bought cheap 3000 car twice, even got it checked out by mechanic before purchasing. Still I was spending about $400 a month to keep it going.

  • @TheLuxeTraveler702
    @TheLuxeTraveler702 4 ปีที่แล้ว +21

    It was only 10k. He'll be fine. It probably would have costed upward of that to rebuild the engine in the old one. Like they said, just sell it soon as you find a cheaper one.

    • @Kysen10
      @Kysen10 4 ปีที่แล้ว +1

      he said it would take a year to pay off meaning he isn't earning much.

    • @ethangamer3173
      @ethangamer3173 4 ปีที่แล้ว +2

      How did u get so smart LUX TRAVELER ?

    • @taemac10
      @taemac10 4 ปีที่แล้ว +2

      @@Kysen10 A year to pay off $10,000 is great??

    • @whitetrashgarage8110
      @whitetrashgarage8110 4 ปีที่แล้ว

      A motor for his car would be cheap to get from an auto salvage yard. Maybe $500.
      A weekend in the driveway with a mechanical buddy and you can swap the motor. Provided the rest of the car was in decent shape its worth it.

  • @JK20239
    @JK20239 4 ปีที่แล้ว +7

    Financed a 10k car? How is that stupid? Used reliable toyotas are that much. Stupid is 60k BMW m4 series... not a camry

  • @appleiphone69
    @appleiphone69 4 ปีที่แล้ว +1

    I drove so many hoopties in my teens and 20’s. I rationed my mileage only for bare necessities. When I finally bought a brand new car I was crying because I finally didn’t have to watch the gauges and listen for impending doom.

  • @melissa99435
    @melissa99435 4 ปีที่แล้ว +7

    I’ve been there too, was in a car accident and felt so rushed since my ins co wouldn’t pay for my rental for more then 3 days & I had the worst experience with the dealer.

    • @PlainAndChelsea
      @PlainAndChelsea 4 ปีที่แล้ว

      Same situation happened to my coworker! :/

  • @BadBrad119
    @BadBrad119 4 ปีที่แล้ว +5

    all cars have repair costs, and one of the most expensive repairs are to replace and change over tires.. People get stuck in the fallacy that somehow a more expensive new car won't require maintenance, but thats false. Thats why I have put almost $1000 in maintenance into my $1500 car, but at least I didn't buy a $25,000 car that would now be worth $10,000 absolute max and still paying for it

    • @kellyy9349
      @kellyy9349 4 ปีที่แล้ว +1

      If you buy used, always check the consumer report on reliability of that car. Second, take the VIN# to dealership and check If previous owner did regular maintenance on car. Otherwise, not worth it. Third, get a carfax report. Forth, mechanic inspection. Finally, more homework you do, less pain later!

  • @idadho
    @idadho 4 ปีที่แล้ว +8

    If you break a timing belt in a Kia, the engine is destroyed. Not replacing the timing belt on a conservative schedule is very risky.
    KIA, Killed In Action. Is printed on the car body.

    • @annagilda1
      @annagilda1 4 ปีที่แล้ว

      Not just KIA’s dude it’s a common problem.

    • @idadho
      @idadho 4 ปีที่แล้ว

      @Marc Archibald I'm not ignorant or stupid. KIAs are one of the worst interference engine brands. A Toyota will be repairable with usually a head job. In fact, just a few valve stems. A Honda will, too. KIAs, Hyundais, and BMWs end up needing complete engine rebuilds. KIAs are a common cheap used car that bite a lot of budget conscious vehicle owners.

    • @idadho
      @idadho 4 ปีที่แล้ว

      @@annagilda1 KIAs are one of the worst. Toyotas just need a valve job. Most interference engines just need a valve job. KIAs destroy the engine.

  • @FightForTruthMedia
    @FightForTruthMedia 4 ปีที่แล้ว +1

    DAVE IS THE ABSOLUTE MAN! He inspired me to create my own Christian TH-cam Channel to refute the lies of cultural Christianity! Check it out!

  • @nancylgonzalez6881
    @nancylgonzalez6881 4 ปีที่แล้ว +1

    It’s sad but sometimes people don’t have choices and do what they have to do. Living in so cal you absolutely need a car work can be 30-50 miles away, no public transportation headed in that direction. No money =Desperate decisions. Much love 💕

  • @candirockstar135
    @candirockstar135 4 ปีที่แล้ว +23

    This is why you need an emergency fund greater than 1K.

    • @scarpfish
      @scarpfish 4 ปีที่แล้ว +2

      The $1K Dave touts in baby step 1 isn't about having enough to pay for every short term emergency. Its about getting you in the saving mindset needed to do baby steps 2 & 3. $1K is a nice round number that will challenge most folks. If you can't save that, you can't save money for paying down debt or a full emergency fund. Once again, the idea is centered on behavior, not math.

    • @ajbluebird7741
      @ajbluebird7741 4 ปีที่แล้ว +1

      Yup!! Alway said this. Anything can happen that can cost more thank 1K.

    • @chrisstaub5880
      @chrisstaub5880 3 ปีที่แล้ว

      @@ajbluebird7741 If your only basis for increasing the amount is "anything can happen", even $100,000 isn't enough.

  • @FOT2010
    @FOT2010 4 ปีที่แล้ว +3

    Tomorrow isn’t guaranteed. Don’t hesitate, drive what you want while you still have your health and youth. A 60 year old in a Lambo is like putting lipstick on a pig.

  • @deropol05
    @deropol05 4 ปีที่แล้ว +22

    At the end of the day we are only apes with car keys

    • @RR-us1lt
      @RR-us1lt 4 ปีที่แล้ว +4

      ...and opinions

  • @TheDjcarter1966
    @TheDjcarter1966 4 ปีที่แล้ว +2

    Of course real life never hits Dave because he lives in a bubble...if you have no transportation, no money and so you blow your emergency fund and tomorrow you need to go the the doctor and its $50 or whatever it's always easy for Dave...real life for poor people is another matter completely.

  • @joshmatthew4125
    @joshmatthew4125 3 ปีที่แล้ว

    Good call! Great response!

  • @QuestionEverythingButWHY
    @QuestionEverythingButWHY 4 ปีที่แล้ว +14

    “Always take the high road, it’s far less crowded.”
    --Charlie Munger

  • @paulstandaert2042
    @paulstandaert2042 4 ปีที่แล้ว

    Oil is cheap, engines are expensive. You can replace whichever you want.

  • @Intellistan
    @Intellistan 4 ปีที่แล้ว +1

    Perfect example as to why 1000 isn't enough anymore. One months expenses, plus insurance deductibles. 1000 isn't nearly enough to bet the foundation of your financial stability and future on.

    • @BYOB561
      @BYOB561 3 ปีที่แล้ว

      True to an extent, it’s more attainable than 2-3k. Some people might get discouraged trying to save that much when they already can’t save. It’s all in the minder. If you can’t save 1k then your for sure can’t save 2-3k.

  • @ProMountainBiker
    @ProMountainBiker 4 ปีที่แล้ว +2

    Financing a $10,000 car is not a terrible idea

  • @TuyetNguyen-pp2ew
    @TuyetNguyen-pp2ew 4 ปีที่แล้ว +2

    We make too many excuses just to have payments. I was there at once... never again.

  • @Raec123
    @Raec123 4 ปีที่แล้ว +1

    Personally buying a car is something I wouldn’t skimp on. Since it transports my family I want to make sure I get a reliable vehicle for peace of mind and longevity. If you have good credit then you should be able to get a good rate.

    • @thecatnextdoor12
      @thecatnextdoor12 4 ปีที่แล้ว

      I agree with first two sentences. Finally some common sense. My safety is worth more than money and I'll buy the most secure car I can buy.

    • @Raec123
      @Raec123 4 ปีที่แล้ว

      The Cat Next Door yes, I meant in terms of he had to finance $10k, if I didn’t have the $10k or if I wanted to keep it liquid then I would finance if the rate were low, it would be worth it to me for the reliability. My rate when I got my Honda was 0.9% so my interest was less than $5 month.

  • @michellegrovak
    @michellegrovak ปีที่แล้ว

    I know what the guy was feeling. But if you follow Dave's plan you will get to the point you won't be afraid your engine will blow. We are there.

  • @southbayla3137
    @southbayla3137 4 ปีที่แล้ว

    I bought a 2020 corolla hybrid and I feel like a winner . Not a loser . It’s a good car good mpg it’s worth every penny it makes me lots of money . I can see my self paying off in 3 years but I’m really living life and paying bills

  • @nathanbarga8024
    @nathanbarga8024 3 ปีที่แล้ว +1

    A cheap car is cheap for a reason. Don't feel bad for buying a $10k car instead of paying to maintain a POS with late to work/can't work written all over it.

  • @warwagon
    @warwagon 4 ปีที่แล้ว +22

    What do you do when you fall off the wagon? Lay there paralyzed because you broke your neck in the fall... oh wait.

  • @camillemarie178
    @camillemarie178 4 ปีที่แล้ว +2

    I currently have no debt and an extra 6k in cash (that doesn’t include my emergency fund.) I have had my same car for 6 years now and I’m trying to fight the urge to finance a car😩

    • @xxtoptankxx6873
      @xxtoptankxx6873 4 ปีที่แล้ว

      You could sell the car and add a few thousand to that to go up in the car world. But if you love the old car. Don't. Fight the urge. You can do it

  • @chrisrush3513
    @chrisrush3513 4 ปีที่แล้ว

    You can find late 96-2005 Buicks with a 3800 Series II for CHEAP, and they are fantastic and comfortable cars for under $3000, and most of the time they have 140k miles or LESS. Hondas and Toyotas in that price range usually have over 200k miles and they're nowhere as comfortable.

  • @Semiam1
    @Semiam1 4 ปีที่แล้ว +1

    Really good advice. You go to what you focus on.

  • @r.j.lindzee6432
    @r.j.lindzee6432 4 ปีที่แล้ว +1

    It happens sometimes.
    I went to my bank to get a loan for $5,000.00 and ended up with a ten thousand loan to get a nice Nissan Altima from a car lot that my bank owned. Still have the car and five years later, it still is a great car. So the payments were worth it. I just had to throw all my extra money to getting it paid off asap. Getting it through my bank had provided me with a low interest rate.

  • @bluecollarmoneyinvestingch396
    @bluecollarmoneyinvestingch396 4 ปีที่แล้ว +3

    This is why I drove beaters that cost less than 1/5 of my income

  • @borisjankovici662
    @borisjankovici662 4 ปีที่แล้ว

    Nobody has the right to own a car that they don't have the tools and ability to fix (and, yes, you do have the time for it). This is why people feel they NEED a $10,000 car. It is entitlement.

  • @alexfonseca2063
    @alexfonseca2063 4 ปีที่แล้ว +20

    Dave drives anything he wants because he was smart enough yo create a powerhouse of a business. It has nothing to do with him driving junk.

    • @rm2kmidi
      @rm2kmidi 4 ปีที่แล้ว +3

      Yes, but not being in debt helps long term. You have way more options. Driving junk cars is way better than financing something you can't afford

    • @alexfonseca2063
      @alexfonseca2063 4 ปีที่แล้ว

      rm2kmidi I agree with you.

  • @TheLadyFool
    @TheLadyFool 4 ปีที่แล้ว +1

    No - fear did not cause him to fall off the wagon. His lack of a sufficient emergency fund meant that he financed a car in order to get to work to make the money that's allowing him to pay off debt. The $1,000 emergency fund is absolutely better than nothing (and it's more than a lot of people have saved up), and this advice works a majority of the time. But when it doesn't work, you get situations like this and it's one of the legitimate criticisms of the Ramsey method.
    While he's evaluating what his "beliefs" are about money, maybe he should be asking himself if he believes Dave Ramsey's method is perfect. If so, then he'll either pay the car down as fast as possible or sell it. If not, maybe the baby steps written in stone aren't for him and he'd be better off saving up a slightly more robust emergency fund. This is why personal finance is just that - personal.

    • @rayj.9568
      @rayj.9568 4 ปีที่แล้ว +1

      @Celia Rae, Accurate, well thought out comment.

  • @mermaidshawna8664
    @mermaidshawna8664 4 ปีที่แล้ว +1

    The odds of another cheap used car breaking are actually pretty good, not like lighting striking you twice. He got a moderately priced car

  • @aquaticasmr184
    @aquaticasmr184 4 ปีที่แล้ว

    I have a 2005 vw 250k Miles gonna keep driving it
    A engine is 500
    I could install it but i don't have a drive way
    1000 for install
    Your emergency fund covers it
    Ive been mixing major issues on a car other people would give up on and once you get through the issues its treated me amazing

  • @livefreewithcalebd
    @livefreewithcalebd 4 ปีที่แล้ว +8

    We all fall off the wagon. Especially under duress, the key is to acknowledge it and learn from it.

    • @Exxon300
      @Exxon300 4 ปีที่แล้ว

      Amen

  • @BrianVelez
    @BrianVelez 4 ปีที่แล้ว +16

    Every time they say they’re from Florida I’m just like:
    😬

    • @jkpiii4513
      @jkpiii4513 4 ปีที่แล้ว

      What does that mean?

    • @beastfromtheeast9318
      @beastfromtheeast9318 4 ปีที่แล้ว +2

      Florida is the best state to live in. Nice beaches, no state income tax, good job economy, good housing economy, no earthquakes...

    • @MrTofu13
      @MrTofu13 4 ปีที่แล้ว +1

      LOL! We love florida.

    • @thecatnextdoor12
      @thecatnextdoor12 4 ปีที่แล้ว

      It's a default state, if they don't want to say where the caller is really from, they use Florida.

    • @rayj.9568
      @rayj.9568 4 ปีที่แล้ว

      @@jkpiii4513 , Lately, Florida seems to be in the news for people doing foolish things.

  • @thecatnextdoor12
    @thecatnextdoor12 4 ปีที่แล้ว +20

    Hi Dave, I am on the baby step 6, can I splurge on a large pack of ice cream, or should I wait until I am on the baby step 7?

    • @kshitiz06
      @kshitiz06 4 ปีที่แล้ว +28

      Only if that ice cream is made up of frozen rice and beans

    • @thepilgrim1842
      @thepilgrim1842 4 ปีที่แล้ว

      kshitiz06 XD

    • @thelastmemphian
      @thelastmemphian 4 ปีที่แล้ว +7

      Sell ice cream and buy 25 year old honda

    • @jamilibilybob4558
      @jamilibilybob4558 4 ปีที่แล้ว +7

      Sell the car first honey

    • @patty109109
      @patty109109 4 ปีที่แล้ว +1

      kshitiz06 rice cream?

  • @michaelwoods4495
    @michaelwoods4495 4 ปีที่แล้ว +5

    "Do you know what I drive now? Anything I want!" Me too, but I try to be clever about it. Did you know that mechanical parts are identical and interchangeable among these pairs: Lexus-Toyota, Infinity-Nissan, Audi-VW, and possibly others too. When we owned part of an auto shop we'd have the service writer ask the customer whether he wanted the Lexus part or the identical Toyota part made right in the same plant but with "Toyota" on it instead of "Lexus"; but if he wanted stay pure Lexus we'd do it for him. And in Germany, the Mercedes brand is just an ordinary car--maybe BMW too but I don't know about that. If you want be impressive, buy the expensive one. If you just want drive a great car, buy the other one for thousands or maybe tens of thousands less.

    • @justinacase2623
      @justinacase2623 4 ปีที่แล้ว +1

      My bumper sticker sez, my other car is a 401K

    • @jimmyboyles2868
      @jimmyboyles2868 4 ปีที่แล้ว

      @ihategooglespooks Honda = Weak automatic transmissions.

    • @patty109109
      @patty109109 4 ปีที่แล้ว

      Had a friend who would buy Honda oil filters for his Acura. Same part, much cheaper.

  • @HatedJared
    @HatedJared 2 ปีที่แล้ว

    The whole "Get a mechanic to check it out" phrase doenst really work. Mechanics arent taking apart the engine to see if valves and cylinders are in decent shape. They just look to make sure it has fluids, isnt leaking, and has some spark plugs in place. Which is something anyone can do themselves. You dont know the shape of a car until it blows up one day or doesnt.

  • @Eric_Bassett
    @Eric_Bassett 3 ปีที่แล้ว +4

    Im glad this finally came up lol! Dave is always like "go get you a 1000$ car!" Like yea some people get lucky and buy a good car from a private seller for cheap and its a decent ride but in reality most 1000 dollar cars are not reliable transportation and will likely leave you stranded with a tow and repair bill!

  • @RawwVeggies
    @RawwVeggies 3 ปีที่แล้ว

    I feel so crushed...
    Dave: HAHAHAHAHA

  • @DoTheDomThing
    @DoTheDomThing 4 ปีที่แล้ว

    Just pay it off as soon as you can. Sometimes you just have to do whatever you have to do to get out. It’s always good to take a step back to breathe and look things over before committing to money matters or long term decisions. Just take caution to the hole you dig yourself in and don’t dig it deep.

  • @kyleholcomb0137
    @kyleholcomb0137 4 ปีที่แล้ว

    The bread and butter is finding a compact car 2 years old for about $9,000 ish. Not a truck or SUV. I actually pull my dirt bike with a mini trailer with my Ford Fiesta like in Europe. Lol

  • @amberpeace7477
    @amberpeace7477 4 ปีที่แล้ว

    I started over like five times from bad relationships I am in the best spot in my life now then I have ever been

  • @ukrd94
    @ukrd94 4 ปีที่แล้ว

    Paid 3900 for 04 my Corolla in 2016. Car is amazing. All I changed was a few sensors which my dad did half of them himself. Thing runs like a champ. Price has nothing to do with it. For that money, they could have gotten a car each.

  • @dcrewakds
    @dcrewakds 3 ปีที่แล้ว +1

    KIA’s are better now, but 2006 no señor! Caller needs new friends and probably an honest mechanic

    • @lesterparker1594
      @lesterparker1594 2 ปีที่แล้ว

      Bingo. If you’re buying used, do yourself a favor and just buy a toyota

  • @bettysmith7045
    @bettysmith7045 4 ปีที่แล้ว +6

    this guy's problem is sooooo minuscule! Stupid would have. been financing a car he couldn't afford, like 30 K or some other ridiculous number! Forget it, pay it and move on! You buy a hooptie and you end up shelling out thousands in repairs, buy a newer used car and spend the extra money now instead of later!

    • @clarifyingquestions
      @clarifyingquestions 4 ปีที่แล้ว

      Betty Smith - that is his point. he cant afford it, hence the need to borrow.

    • @bettysmith7045
      @bettysmith7045 4 ปีที่แล้ว +2

      @@clarifyingquestions if he can pay it off in a year he can more than afford it!

    • @clarifyingquestions
      @clarifyingquestions 4 ปีที่แล้ว

      @@bettysmith7045 I gu.ess some people believe that debt is always an option. I am not one of them. I am old enough to remember a time when there was no such thing as credit. We paid cash for everything except a mortgage ( min. 25% down, 15 years, pmts did not exceed 30% of out monthly take home). Dave R and many,MANY like him are millionaires from coaching people to not do what you advice. Any time you need to borrow an alarm bell should go off that you are living beneath your means. So spend less and/or make more. How will he and others like him get to saving for retirement and building wealth. Americans are just so in debt that to them what s 10k better than 30k. Yikes! All the best:)

  • @TurboDub1991
    @TurboDub1991 4 ปีที่แล้ว +4

    The car that died was a 2007 kia, IDC what model they all were cheap to begin with

  • @lisanorris7436
    @lisanorris7436 4 ปีที่แล้ว

    Try adding a line into your budget for contingency. This isn't your emergency fund. It's just for when things break or need replacing.

  • @wmarkj
    @wmarkj 4 ปีที่แล้ว +4

    Wait. He heard Dave while in the office and didn’t stop the deal?

  • @Martin_3030_
    @Martin_3030_ 4 ปีที่แล้ว +6

    Should’ve bought a silver ‘94 Toyota celica..

    • @lovethemflowers
      @lovethemflowers 4 ปีที่แล้ว +1

      Scotty refused to sell it to him. 😉

    • @thecatnextdoor12
      @thecatnextdoor12 4 ปีที่แล้ว

      It looks almost like a Porsche.

  • @poemsaloud
    @poemsaloud 4 ปีที่แล้ว

    As a side issue cool off the friendship with the guy who sold you the car....

  • @theparrotchannel2625
    @theparrotchannel2625 4 ปีที่แล้ว

    debt is always a bad idea but what do you do when you've used your emergency fund and have absolutely no money and you need a car to work the best thing to do is pay it off as fast as you can and then you'll have a good car that you can use for a long time I understand and Dave's philosophy of pay cash but not everyone's a millionaire like Dave and yes staying out of debt can lead to making you a millionaire but when you're down and poor it's not that easy sometimes unfortunately sometimes debt is a necessary evil should be avoided at all costs though

  • @zacharyvail9043
    @zacharyvail9043 4 ปีที่แล้ว +2

    I have been struggling with this for a long time. All my friends have car loans. My current car is paid off but I don't feel good about my car despite knowing its the right choice.

    • @adrianbruce6736
      @adrianbruce6736 4 ปีที่แล้ว +1

      Save your money and buy a better car that you would love..

    • @appleiphone69
      @appleiphone69 4 ปีที่แล้ว

      You don’t have an anchor holding you back.

    • @NeededGR13F
      @NeededGR13F 4 ปีที่แล้ว

      What kind of car is it?

    • @maryrenaud6732
      @maryrenaud6732 4 ปีที่แล้ว +1

      Zachary Vail My husband wants a truck. But...we have a 2011 Honda Accord with less than 90k miles, no loan. I figure we have at least 10 years left on it...so, then we will think about it...if ever since by then we will be pushing 80...imagine all those years with no car payments!

  • @willieboy3011
    @willieboy3011 4 ปีที่แล้ว +1

    Having had cheap cars that Dave recommends all the time, I can say they do break down. To compare it to lightening striking the same place twice is patronizing insulting, and nonsensical. His fear was realistic. It had just happened once, and it could happen again.

  • @AvalonMisty
    @AvalonMisty 4 ปีที่แล้ว

    excellent advise..one of your best Team answers! carry on Gentlemen

  • @mr.boostang2064
    @mr.boostang2064 4 ปีที่แล้ว

    I tell everybody the same thing, if you desperately need a car buy a $3,000 2000 Camry 4cylinder, those things are unkillable if you change the oil regularly

  • @shola7987
    @shola7987 4 ปีที่แล้ว

    People are gonna do what they want no matter how much advice they get.

  • @jawilson2405
    @jawilson2405 4 ปีที่แล้ว

    I used to but 1k-2k cars each year. I got tired of it and bout a 10k car....not worth it

  • @hdrk59
    @hdrk59 4 ปีที่แล้ว +1

    Thank you ...I almost made the same mistake

  • @azucarweber2456
    @azucarweber2456 4 ปีที่แล้ว

    Did you say non testicles decision? Lol quarentine here

  • @Jen1112111
    @Jen1112111 4 ปีที่แล้ว

    when people see a fire and know it'll burn them, but still proceed to put their hand in the fire, and then they cry about the burn they saw coming and caused.

  • @myronpriest4935
    @myronpriest4935 4 ปีที่แล้ว +1

    One thing that I got out of this is I bought a Ford Taurus with no AC LOL

  • @thepilgrim1842
    @thepilgrim1842 4 ปีที่แล้ว +1

    Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time. Thomas Edison
    Never give up! You can manifest you dreams!

  • @StyleGT
    @StyleGT 4 ปีที่แล้ว

    you never EVER buy a used kia.. man some people are clueless

  • @ease3715
    @ease3715 4 ปีที่แล้ว

    Doesn’t matter if you finance or cash out it’s a high possibility it can break down regardless.

  • @nelsonhenriquezS
    @nelsonhenriquezS 4 ปีที่แล้ว +4

    Dude..sometimes it is ok to buy a car when you need it. It is not that he got that fancy electric car for 30k and then he financed it with cero down. Please..enjoy life once in a while. Dave gives great advice but sometimes you need to enjoy life!

  • @xxkissmeketutxx
    @xxkissmeketutxx 4 ปีที่แล้ว

    Look up some videos on what to look for when buying a second hand car and write the points down on a piece of paper you can pull out of your pocket when you go to look at cars.
    I've never bought a lemon since I did this research 🚗

  • @edwardlewis1963
    @edwardlewis1963 3 ปีที่แล้ว

    If you need a car to do your business, maybe you need to rethink your business,
    Maybe your business plan/intention/expectation did not factor the cost of the 'car' function.
    @0:24 "the engine blew"
    That says alot.
    If you need a 'car' for business and you don't know 'cars' you might have a problem.
    How does an engine "blow"?

  • @yvonnemclaughlin4324
    @yvonnemclaughlin4324 4 ปีที่แล้ว +1

    Old cheap cars break. Your $10 K car is ok. Sorry Dave I disagree with you on this one.

  • @john_dee1431
    @john_dee1431 4 ปีที่แล้ว

    Story illustrates the dilemma of used "cash" cars with never-can-fully-know history. Sometimes, the answer is a balance in between, not the extreme. Cars with 9+ years on them can very well be 'lightning striking twice.'

  • @danhall5761
    @danhall5761 4 ปีที่แล้ว

    Do you guys not get company cars in the USA? I get insurance, maintenance and a brand new ford for 130 a month.

    • @thecatnextdoor12
      @thecatnextdoor12 4 ปีที่แล้ว

      Yes, if you're a truck driver, you get company's car.

  • @taahdaah3813
    @taahdaah3813 4 ปีที่แล้ว +1

    I wish we had more information on this guy's financial situation.

  • @patti9339
    @patti9339 4 ปีที่แล้ว +7

    10k for a KIA? Oh boy. He could’ve bought a good used Toyota for that and had a much more reliable vehicle.

    • @Billybillybillyrocking
      @Billybillybillyrocking 4 ปีที่แล้ว

      Especially a 2007 Kia.

    • @nicholascampos1615
      @nicholascampos1615 4 ปีที่แล้ว +1

      I didn't buy the kia for 10k. I bought the kia for 2k and the engine blew 6 months later. I was thinking about getting a Toyota for 5k but those already had 100k miles on it and my wife and I want a car for at least 200k more