Your Financial Situation Is Not Hopeless | March 7, 2024)
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- เผยแพร่เมื่อ 18 ต.ค. 2024
- The Ramsey Show (March 7, 2024)
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Rachel Cruze & Jade Warshaw answer your questions and discuss:
"Why should I pay cash for my house if I have the money to do so?"
How to navigate saving while in college to avoid taking out more student loans
"My husband manages all our finances and doesn't share any financial information with me and I don't know what to do"
"How early can I budget for the next month?"
"Should we kick out our 21 year old son to start a life on his own?"
How to know if you should sell your house to pay off debt
"Should I pay off debts in collections first or start with debt that's still in good standing?"
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Debby fire that financial advisor and live your best life ❤
Omg that financial adviser is mad, thank god you rang the show
Clearly not a good financial advisor lol
I agree 💯
Idk....they did advise she would have no debt after buying a 600k house (cough.....taxes....cough insurance) and didn't run a calculation on how much opportunity cost she is losing in interest on 1.6m vs the payment on the home. There are huge holes in the advice that I'm thinking the CPA may have looked at.
Id probably go back to the CPA and ask for a more detailed explanation than determine if im okay with what I'm giving up. Not every cpa gets a commission so it's possible there's no financial benefit for this advisor so its not a fair argument....taking a 60 second evaluation to make a 600k decision seems the worst advice of all.
“They can’t find me, I’m the gingerbread man” was the line of the week. 😂
The caller with the autistic child and husband who is an electrician. Has the thought of very early stages of dementia ever been looked in to. That disease can change a person's perspective on everything. Praying for you all
YES YES YES. That’s all I kept thinking about during that call. As someone with a super close family member with dementia this call was riddled with red flags. I went through something so similar to this.
Ann My prayers go out to you. Financial abuse is a thing. 😢
She is 60 yrs old with over a million dollars. If she paid cash for the house she would still have a million dollars and NO MORTGAGE. I think that they gave her great advice…
But who has a $600k house with no bills? Even if it’s paid for, how much are the property taxes? What about maintenance on a house like that? I agree about paying for it but I do not agree that she will have NO bills.
@@marymccann4471 she has over a MILLION DOLLARS! and she’s 60. Who’s spending all that money? and it’s a NEW build. How much repairs is she going to need…? Also she’s still working.
@@marymccann4471 I mean obviously she’ll have utilities and taxes but at least she won’t have rent or a mortgage and if anything she could sell the house if need be, but I highly doubt that she’ll need to.
@@marymccann4471I wondered the same thing.
I wonder why she needs a $600k house if she's on her own...🤔 I'd make sure that I had something small and easy to maintain at that point. Maybe she's in California though....
I love you ladies, but please dont give John credit for the phrase "body keeps the score"! He is quoting bessel van der kolk who is the leading researcher in the field of trauma. He was around when we didnt have a ptsd diagnosis yet, and he teaches a shift from soley cognitive understanding of trauma to one more based in the nervous system. I highly recommend reading his book to have a better understanding of what John refers to when he talks about it.
Great book.
Wow! Michelle seemed like such a cool lady! So glad yall took the time to walk her through her situation.
They have her out of debt in 2 years... that was awesome! ❤🎉
If you have a partner who is not good with money, it does not make sense to put your money at risk, and if your partner also appreciates that they are like that, and glad someone is keeping things in order, there isn't a problem. Same if both partners appreciate some " me" time. All marriages are different and not fitting the Ramsey rules does not mean there is a marriage problem
Especially if they aren't married
Kyle, these are the kinds of things that happen when you do life events out of order. There is a reason to have children only after marriage and having worked through how you are going to tackle the big issues of life, such as finances, together.
Kyle, not sure you picked wisely. You got with a woman that loves debt.
You can't unhave the baby at this point, so there's no need to point out what he should've done. He's a firefighter....those guys want to save people...even the broken ones. He's still got time to decide if he wants to get married to her....he's pausing and asking for help....he hasn't messed up. He's got a good head at this point, attempting to make the best decision going forward for his child. It's irritating for people to comment that someone should've done something different, when they're well past that point. Help him to go forward, not chastise him. At least he's involved and supporting her and his child.
Exactly
Jade and Rachel are apparently unaware that students in actual medical school are pretty much studying every waking moment. They surely do not have time "on the weekends and at night" to be working in order to bring in an additional $1,000 per month! It's rather amazing that she has made it through the second year of med school with only $23,000 of loans so far! If truly she is near the end of medical school and has such a low amount of debt, she should not be worried at this point. Finish med school and then use every waking moment to study for the boards to get certified so she can actually practice! She thinks she's only going to make $50,000 a year after med school? Something doesn't add up. Either she isn't in real med school planning to be a physician OR she would make a great deal more. And certainly going on for a specialization in surgery would be much more costly.
Definitely. I worked weekends in pharmacy school and that was fine, but when I tried to pick up extra shifts it simply didn’t leave enough time to study. They make you live and breathe school and studying! The most important thing is graduating and learning enough to pass boards.
It’s enough of a feat to get through such a difficult program, you don’t need the added feat of getting through debt free when you’re already so far in. One thing at a time. She can pay it all off when she’s a working physician earning amazing wages assuming she’s not dissuaded.
She will be going into residency after med school which is why her income will only be $50k-75k for the next few years.
Residency programs pay about 50 - 60k per year.
@@RS-xq4hfsir how much do you earn as a pharmacist? Plz reply. Thanks a lot.
Thanks for the clarification. I was listening while waiting for my Mom in the grocery store and did not catch that she was referring to residency pay rather than her later salary as a physician.
James…why do you call if you don’t want to listen or take advice.
Exactly 🙄
He just wanted to hear himself talk.
Jenny from OK: Adjust your W-2 withholding so you don't end up with such a large tax bill each year. Try to get it close to owing nothing.
Rachel is so patient and sweet. 😂
You’re in
Medical school with really minimal debt accumulating. Focus on school!!! If you can get out with no debt great. But don’t compromise your education!!
Exactly, I took out as little debt as I could, but still ended up with over 160,000 but when you graduate residency pay it off the first year because you can
@@naffox4259I thought residents only make around 60-80k?
It will go up some as you get to the end. If your program is 4 years then at year 4 you’re be around 70k, your first year as an attending you’ll be in the low 200,000 depending on specialties and what hospital you’re privileged in. The hospital my senior resident signed to pays a starting urologist 220,000 plus a your Mission for bringing new patients into the hospital and your practice.
Rachel has such empathy.
This man’s electrical contractor he’s not OCD he needs to find an accountant
He should be making good money
I want more Jade Warshaw!. I can fell she holds back.
James from Mesa: You need to learn how to listen and let him figure it out...time to walk away...not your problem.
Legend has it James is still carrying on the line without any direction or facts.
Love those two on the show! Much love!! Jade is my financial crush haha. 😍😍😍😍
Taylor - maybe your husband hasn't paid his student loans because he is having a challenging time managing the bills for everyone, especially now that you are expecting your THIRD child and you are a SAHM. This is not all on him. I'm surprised at the RS advice here because they have always stressed that once a couple is married, the debt becomes that of both persons in the couple. So - it might be time for you to step up and get at least a part-time job to help pay off this debt since it now belongs to the only income source for both of you. Because whatever happens in the future financially is also going to affect you. Even with three children, a SAHM can bring in some money and help share the load. Lots of opportunity to work from home part-time, waitress or clean houses while he is home with the kids, etc.
Exactly. SAHM are definitely needed as childcare costs are ridiculously expensive but they need to contribute in a financial way if husbands salary isn't covering it.
@@tduck828 It is possible to be a SAHM and still work part-time when the husband is home and able to care for the children. Women have ALWAYS had children AND worked outside the home when necessary and it's much more possible these days.
@@Trustbutverify2651yeah, just a couple hundred years ago the entire family would work together on maintaining the land and growing food. Everyone pitched in. The idea of husband being gone most of the time working, the kids at school, and the wife at home sweeping and vacuuming is extremely modern and detrimental. I think it would be wonderful if we could go back to a time where families spent more time together and built their lives side by side.
James just want to hear himself talk jeez
You have a paid-for house but you also have to pay taxes and insurance each month and possibly HOA. Also. Alimony is for life AS LONG AS HE’S LIVING. So she needs to make sure that she only lives her life based on what she would get from her $1 million since she’s near retirement. And invest her alimony so in the event he passes before her, then she’s financially ok.
I'm on board with you and posted almost the exact same thought when I was listening last night. That is a LOT of alimony she is counting on which could disappear in a heartbeat!
No, it's for her lifetime. I think she will be fine.
@@suen5006 UNTIL something happens and the ex goes bankrupt and renegotiates. Today does not always predict tomorrow and you can't get blood out of the proverbial turnip.
It’s a tuff decision for sure. Out of curiosity, what does the top of the line Roadglide cost? Seems like after all the stiff you would need to add, that a person may be better off to spend the extra on the higher end. I can’t say I like the subscription idea, but our world is headed in that direction unfortunately. . Me I’ll keep what I have, I almost own it, I still like it too. Ride safe, I’ve been out 3 times so far this year!
Hard situation 😂! 2 Mill plus 70K a year tax free, sign me up for hardship please 😂
I agree. They always say choose your hard. I'll choose this hard 😀
Other than her marriage blew up which can be a different kind of hard...sucks at her age. @@jessicabryant7541
Yes her ex was taking care of their finances.....looks like he still is lol
It's pretty much impossible to work during medical school, these ladies are great except for this bit of advice
Uber eats for a couple hours on Saturday is doable.
Emily from El Paso, you will be fine because you care minimizing your school debt. Plus, once you finish, you will have a powerful income. Smart girl...go for it! It's pretty tough to cash-flow medical school.
@@patricksimon8943Yes....IF... That person can actually get decent offers. And not nothing but b s backwards offers, such as 2,3 or even four dollars for as many miles as seven, Ten, And even i've seen as high as eighteen miles
@@patricksimon8943 Did Doordash for awhile; I actually found driving around for a couple of hours on a nice day kind of relaxing. Exploring new neighborhoods, seeing views, listening to the radio. Just after 3 hours it got tiresome.
These vids baffle me.
Omg i just got divorced and got a $1.3 million lump sum alimony with $62k a year for life, what do i do???
Sounds like you just hit the lottery 😂
She was just calling to brag. You see that a lot on the show. "We make $500k a year and own four rentals, is it okay to take a vacation?" This one was particularly insidious, though, because she wasn't bragging about money she earned, but a windfall from someone she took to the cleaners.
You just don't understand what it's like to go from multimillionaire to a single million with only 62k coming in!!! Barely the household average income for one old lady who could also work and has no bills!!
Being accepted to an in-state med school is not a realistic expectation for the majority of students. Encouraging a med student to work during med school is out of touch with reality. Use your whole $400 for high quality food and stop sweating 10k a year and instead focus on passing radiology. You’ll be making 300k a year in 4-6 years time. Shit, go into derm and make 500k.
I’m an internist and work as a Hospitalist 7 on/ 7 off. Work prn somewhere else and brought on $599k last year. The two years before that I brought in over $600k.
I still don't understand the reasoning behind anyone choosing to pay monthly, with interest, for something they can purchase outright with no interest. I think it's been made clear that if you pay for something in full, its yours, you don't owe anything for it and you have your income to reinvest. You can also sell anytime you choose and unless it's a depreciating asset, you're able to recoup the money you spent purchasing it if not more. Why buy a house for 3% more than the asking price when you are able to pay for it in full at the asking price? I'm confident if any of us showed up at the grocery store register and they tacked on an additional 3% to the costs, we'd walk away so why not apply that logic to an even bigger price tag?
The issue becomes you're forgoing investing a huge amount at one time to invest a smaller amount over time. The show focuses on killing debt but they almost never discuss the fact you can't buy time back and time is the biggest multiplier of wealth. The sooner you get X amount of dollars in the market the sooner its multiplying so the opportunity cost of dumping huge sums of money to pay off a low cost debt into a an average 10% interest yield investment could be the difference in millions of dollars at retirement.
These calls are alot more nuanced than 60 seconds can address but if they had to give anymore advice than just pay off your debt the show would be unfeasible. Yes pay off your debt but if you're not drowning don't call a radio show...get a cpa who can put in the analysis lol.
I'm glad SideShow Bob is back
James needs to learn to not interrupt. Good grief dude.
Rude!
Came here to say this dude needs to shut up and listen
Amen. He was such a know it all.
Lauren in NC should convert a van and become a mobile anestician. Imagine having the person show up at your home or work place (during your lunch time of course!).
I just cannot fathom having credit card debt. I never had credit card debt that I couldn’t pay off before the interest hit. This applied even when I was a waitress and a single mom. I just don’t understand how people do this.
Depends....if you've yet to but a home a credit score is very helpful and a credit card is the cheapest way forward. The show teaches credit avoidance because most don't have the discipline to use credit correctly explained as some great evil.
You can build your score quickly by just using credit for what you would buy with cash & pay it off before the interest hits causing you no debt & a higher score. The issue isn't the card it's human behavior...
a tool is a tool until it's abused and then it's a weapon.
Wow, I'm genuinely surprised by Ramsey's advice for the caller to pay for a house in cash, especially when considering the financial strategy laid out by her advisor. Earning 8% on a $600K investment would yield $48K annually, and with mortgage rates around 4%, the effective gain sits at $24K per year. Over a decade, that's not just a small sum; it's a significant financial advantage.
It's an eye-opener that peace, as valuable as it is, has been quantified at $24K a year by Ramsey, when in fact, the strategic use of debt could enhance financial security and peace of mind in the long run...
The caller at around 5:05 I’ve never laughed harder at a call 🤣🤣🤣
After the SOTU, I say Dave Ramsey for President😂
Rachel helps keep Jade grounded
Jarod - why are you blaming other people for putting you in a bad place? You made the decision to buy the home and the cars and it's up to you to do the research and figure out how much you can afford. And your wife should be able to earn more than $800 a month. In addition, are you taking every deduction open to ministers? You also have to be able to watch the extra expenses that can accrue to someone in ministry trying to minister to and help other people - taking people out to eat, driving more, buying more books - lots of little expenses that can bleed a minister dry.
Agreed. He said he has high debt because two people “lied” to him. He doesn’t seem to want to take responsibility and has unfortunately bought into the victim mentality that is so popular in today’s culture. His housing allowance is very generous. I remember speaking to a patient I had once that was homeless that also said he had been dealt a bad hand in life then proceeded to tell me about all the things he just had to buy including a brand new red mustang. Unless they admit to and fix the behavior they’ll end up back in the same predicament.
What's wrong with just letting him live at home and keep saving money? He's only 21. What's the rush?
I agree. My son will be 24 this year and is still at home saving money. He will get married at the end of the year and move out with his wife. I don’t see the problem with this. 🤷🏽♀️
If you're able to live at home in your 20s and investing that's your best life....the investing multiplier of time will never be higher and walking away from that early is not a great idea.
I love that James kept calling Jade, Rachel.
I jumped for joy when Emily said $23k.
How can I ask a question in written form?
I had some I work for taught me a long time ago, when I let $2500 for a lady for some light bill that I just became friends with probably about six months
He said you’re lending her money she has family and she’s asking you six months friendship she’s burn all her bridges. Be lucky if you get that back.
And he was right. I did get it back, but it took a long time. I literally had to help herself things in order to pay me back.
No more
Look at the pattern people do you get the money they’re just gonna do the same pattern with your money
I've heard the bankruptcy question a few times. I think they need to address the person's age. These people are older than Jade was when she paid her big student loans. If a 58 year old has several 100k in debt and it takes over 10 years? Dunno. It seems it will be tough for them to ever catch up. Then what happens is they end up on the dole anyway because they can't support themselves in old age.
On the dole?
@@motoryzen old expression for someone who is poor and on welfare or lives off the government (us). Google it.
@@motoryzenliving off other people’s taxes.
When people have issues, any issues, and need help...you can't care more about them correcting things than the person who is actually in the trouble. If the person that has the issues doesn't care the most about their situation...they won't be successful over coming their issue. James's brother isn't willing to change yet.
Our son doesnt have a credit card and no credit score. Owners will no rent to him because of his zero score. What is he supposed to do?
Ann, call an attorney!
I had to pause the video immediately right after the first caller. The advice given (pay off the house) was very poor. Given that the caller said her ex always managed her finances, building a house by herself (and an expensive one on top of that) is a bad decision, and cost overruns are very common when building a house. She doesn’t even know how to handle her current windfall from the divorce yet, and all she wants is to splurge. The advice given to the caller should have been how about stay in a rental for now, learn how to manage her own finances and grow the money, then we can talk about buying a property to live in. Given that she is living alone, there is absolutely no need to build a house of her own at that size at her current age. Very likely she won’t have the health or energy to maintain the house in a few years as she’s almost 60. This is the classical symptom of people hitting the jackpot and wanting to spend immediately and not understanding how to manage that money first. Her advisor was right (don’t buy so much house!). With the pace that she is spending, she will squander all that money in a few years.
So basically you think she should be an entitled? Twit to rest of her life and get cater to by other men. Paying for her needs?
If that is a, yes, then you are what's wrong with the vast majority of females in the world
.... NY more and more men are going red pill. Or all out mgtow
The dynamic duo! Ebony and Ivory! Love it!
Why wasn't the advice to Debbie to finance a MUCH cheaper house? Why does she need a 630 k build? What happens if the ex dies and she doesn't have income to pay utilities and maintenance of her country pile without withdrawing on the million?
Many choices that dont include debt. We know that will always be the advice.
1. Its her $$, her choice, and her piece of mind in the end.
2. If things change drastically, she could always take out a mortgage on the "fully paid for" house
3. She has the $$$ and the percentage that the cash withdrawal for the house is low compared to her total savings
4. A "borrow if you need to, not cause you can" financial advisor might help paint a picture that is more comfortable than the "borrow cause you can" advisor
@@WhereHasMySanityGone Why sink 630 k which is 40% of her total savings?
She could always sell her $600K free and clear home if needed.
I want to know what happens to the alimony if the ex-husband predeceases her. Is there a provision in his will that she continues receiving money?
@@kristofferscott2993 But she said she loves the land. She'll have to give that up. A 400 k build would not be a shack and a much more reasonable amount to liquidate.
I like the music at 1:42:30 very much. Does anyone know who the artist is? Please 😊😊😊
Gotta be careful if you don’t use those credit cards after certain amount of time, they automatically close them on you
You’re better off doing it yourself
Yes, because then you can insist the credit report state "closed by customer."
Private car sales usually net you more money. She should ask her kids to help. Her kids need to help with the student loans.
Debbie - buy a house! But you don't need that expensive of a house if you are 60 and facing retirement and by yourself. The decision to have a paid-for house is not only a financial one, it is an emotional one and there is a great sense of security in having a paid-for home and knowing you have a roof over your head and can live on very little if you have to. Keep in mind that your financial planner is likely making more if you are paying him or her a percentage to manage your money - the more in your account, the more he or she makes, so that person is not entirely disinterested (unless you are using a fee-based planner you pay by the hour.) Neither my husband nor I like to manage investments, so we have always paid a financial planner who takes a certain percentage. Yes, I know that is NOT the advice most people watching every penny would give, but it has worked for us and we know she has made more for us than we could have made ourselves. You have no idea what might happen to your ex-husband and, then your generous alimony check would disappear - but you would still have the largest ticket item of your budget - your home - paid for. As I say often on here, I've never met a senior citizen who regrets having a paid for home. I have met LOTS of senior citizens who wish they had paid off their mortgage before stopping working!
I know some retirees who have student loans and mortgages. Some still renting and are priced out of the market
Default happens after 270 days, not 90. The department of Ed has options. They need to at least communicate with the loan servicer.
Jade said $768 and that was my payment 😮😂; only six payments left 🎉 no more payments!
1:08:38 I don’t understand how a pastor is undisciplined and living above his means
Why didn’t they say Churchill mortgage 🤔? “Go shop options” for manual underwriting.
Ramsey and Churchill have a falling out ?
I was wondering the same but at the next commercial break dave was advertising churchhill 😅
My husband and I have two joint checking accounts. We have a later-in-life marriage (got married when we were in our 50s). He is not a spender, I am. I have one credit card which I owe $600 on and will probably be able to pay that off within the next two months. We pay everything online so one of us switching all of our accounts would be a pain in the hiney parts. He has half of the household obligations and mortgage and I pay the other half and half the mortgage. We are both responsible for 50% of Living expenses, mortgage, utilities and etc. 50% all the way down the line. We are both fine with this aarrangement. So, what is the benefit of putting all of our finances into one joint account if it's working for both of us to have two joint accounts? I don't see what the issue is.
Forced communication. Combining goals, dreams, fears, etc. not to mention doing one lump sum budget allows the money to work harder. This setup allows for alot of leakage in the budget 😢
Do what works for you and your spouse. If you're able to manage your finances stressed free with this arrangement, then I say, keep it that way. It sounds like this keeps you both engage in your finances and that's great. I hear so many couples with combined finances but only one person managing it and they feel so lost when the other spouse who manages it dies because they don't know what to do.
My credit card companies just closed the accounts due to me not using them
Oh my goodness, I've never been so annoyed by a caller, than I was with James - he wouldn't let them talk! 🙄
I personally like the 2 girls the best there incredible
You ladies need a button to stop these men from interrupting you and listen to your advice
What men?
How about posting a time stamp or 2? That way, people can see in here what you're talking about
They do have a button and it's up to their discretion to use it if they choose to. Has nothing to do with "these men" aside from the fact that James is a headcase. Dave has plenty of women that speak over him as well and he dumps them. And he dumps the men that speak over him as well. It's not a man/woman thing.
@@motoryzen I'm assuming a reference to James at 43:30. I don't agree with the point being made, however James in particular is obnoxious.
#2, Cancel the cards, due to the issue. Nobody can make new cards. They need to freeze their credit files.
Bankruptcy does mean sacrifice
Without Dave the Ramsey concept will not prevail based on the less direct and lower understanding of the root of Dave’s beliefs in his principles. If these callers were audited by Dave the answers and discussions would have been very different.
Apparently a paid for house comes with no taxes or insurance costs lol.....how can a financial advisement show say buy a 600k home youll have no bills lol.
Id ask your cpa to show you the math because you can always sell the house but youll never get the investment time back and the compound interest on 1.6m vs 1m is HUGE. Also love the line "ex took care of our finances "....looks like he still is lol
I feel so bad for Ann. I wish John Delony was on the call instead. She got zero help from that call, and she needs a lot of it.
I have no idea why the phone screener let her in. Poor judgement.
@@myoldvhstapesbad judgment that nobody mentioned going to his website and emailing her problem and getting on his show
Again people time stamps matter posts them
These full Ramsey solutions shows easily last more than an hour and a half every single time... And the youtube video uploaders of the ramsey solutions, companies never put actual selectable time stamps in the fast forward or rewind line of the youtube video
Agree. She needed John on the call for her.
Not sure why the pastor is so panicked while they are making a decent income and getting housing and utilities paid for by the church 🤔
Joseph from ATL is the man
It's me I'm Joseph 😂
Ginger bread man is it really u?
@@Telhasteeze yes lol
I’ve been trying to contact you bout ur cars extended warranty
@Telhasteeze send the paperwork to my mothers house I'll get back 2 u
This stream showed WHY student debt forgiveness was a mistake We Will All Pay soon with our taxes... tfk????
Why would you pay 630k for a house with 1.4 mill. Why not buy a house/build for a 300-350k and have plenty leftover. I mean you’re 60 not 40. It’s not like you have 30 plus yrs left
Why does Debbie want a $600k house. Seems like a lot of house for a single person. Maybe I’m just too frugal lol
Overall I could not agree more
Now, to some extent, that price range versus the square footage available can depend upon location in the united states of america
Obviously. House prices in the vast majority of the state of California are easily 2.5 as much as 7 times higher. The what is in the state of mississippi and louisiana and even tennessee
I haven't gotten that far in the video I think VS the coherence of the comment he made involving that person and because you didn't mention any times stamps. I need to hear that part of the video to have further room to talk
Depends on the location. 600k house here is a dump.
Dudes catching L’s in this episode
2:00:23 let Joseph’s wife keep her $10k. He’s grimy and she needs a nest egg 🤣🤣🤣
60k in alimony... Holy moly... 😮😮😮
Hi, I found one of your answers to not be true. When using Every Dollar; in December I knew I had something I wanted to budget for February. In January, I added many line items for both my husband and I, and when we went to February, it did not take the items added in January and still showed the settings that were created in December. It was a bit depressing and contradicts what you shared on the show today.
I have never had that happen - it always uses the month before. There must be something wrong with your settings.
Hey Jade, borrowing money and Refinancing are the SAME THING!!! Keep the cards open until AFTER you refinance, your score will be better and you will probably get a better rate and easier refinance. Once that's done, close the cards. It's a shame they didn't get the correct information. Shame!!!
Jarod the pastor. . . What are you complaining about. . . You make tons of money
This. He makes tons as a pastor and has no reason to be in debt.
They should have given Ann in Pittsburgh some free time with one of their coaches or something. Rachel and Jade seemed like two deer in headlights with no good advice to give. It was sad as the music played them out.
1st caller. If the home is paid for, when it's time to sell, the cash is hers. Nobody else. And, if it's on a lake, it will probably increase in value.
Decas is hers as long as she is the only name that is only title of that property
Facts do not care about anyone's feelings on this
If anyone else's name is on the ownership of the title of that property then she will have to split the sales profits with whoever else is on that title or deed. Unless her and the other person agreed to in legal writing other terms
1:38:15 why are we so quick to push our young adults away from us. Income has nothing to do with development
It isn't just about income
The child has to eventually grow up and learn to be dependent pawn, himself or herself. Because guess what?
1 day the parent or parents will die. And that child who has now grown up will be forced to depend upon himself or herself anyways
The sooner you can successfully raise a child into a real adult. The better off everyone is including the child that becomes an adult
It's not rocket science
There is no reason to push a 21 year old with no issues out of your house. Staying home to save money is a better plan. They will move out soon enough, let your kids navigate the difficulty of young adulthood with you.
You just got to love how they are so in love with combined income in one phone call and then on another phone call they tell the woman that she is in deep crap because the husband doesn't know how to separate the money and they are deeply in debt . They give the best worst advice😂
I noticed that inconsistency, too.
Did Jade just admit to currently having a credit score after getting her current mortgage!? Hmm
34:31
Gambling poker adds in the middle of stream🤣
What is the qualification of this girl to give financial advice?
Jarod from OH: How did you make such poor choices on your vehicle? ...can't blame the dealership since you signed the papers. The number of hours you are working are not sustainable. You should know better than racking up CC debt.
I hope y'all see from the pastor that called in how bad the Catholic religion is. He is fleecing everyone, He is up to his eyeballs in debt using the money that you tithed in good faith. Shame on him taking good people's money and balling out of control with a mortgage, kids and two financed cars not to mention credit cards. I hope Dave and his team go after such an individual playing the system and once again taking peoples money who believe in God and using it for self gain
He's not likely Catholic if he has a wife and children.
There are no catholic pastors; they have priests and none of these priests are married. This is a protestant caller.
🌸🌸🌸🌸🌸
Alimony needs to be abolished
I know I could understand for a period of time, but 1.6 million in assets and alimony for life.
The husband got screwed. This is why men don’t get married these days.
Jade and Rachel talked boundaries with the ladies, but told Kyle to go work it out. Unfair to Kyle.
Totally agree. Women have the same options as men now to get an education and learn skills to be able to support themselves. I can't remember the state she was in, but in some states alimony is for life - example: Illinois where it is called "maintenance." Men will ALWAYS get screwed over in that state. And I also agree that these kinds of "settlements" are one of the main reasons men don't want to commit these days. They are almost always the financial losers in the event of a divorce.
If it isn't you why are you crying? They told Kyle to work it out because he didn't want to leave the relationship. In the first story the husband left her after making her a housewife for all her life. She is a 60 year old woman who's husband LEFT her so she earned that alimony. If you get married sign a prenup ruling out alimony etc and find a partner that agrees with your beliefs and values and quit bellyaching about what others do. ❄️ ❄️ ❄️
For the lady debby...she's better off financing the house and leaving her 1.6 million to invest, because the interest made on 1.6 million will net close to 130k a year, which is more than enough to make payments on the house passively with several thousand left over, or she can use the full amount of interest made and pay the house off in 6 years without touching the 1.6 million. Her advisor sounds a bit smarter than these guys.
Pastor abusing all that money. God is letting him steward over $8,000 a month
He is not abusing money. And he might not have always had that income. He has not had two jobs for long. Walk in a pastor's shoes before judging and see how many extra expenses they have compared with the general public. However, I'm not sure he is on top of the best financial advice for his position because it seems like he is paying for things that he could be deducting on his taxes which is one of the advantages for ministers, most of whom have low salaries. He needs to see a CPA who specializes in ministerial deductions (or contact the tax service of his denomination for help) to minimize his taxes which he can do legally. That would free up extra money to put on his debts.
At 60, how will she maintain it?
Ouch -- Only 2 days of Dave out the last 45. This hurts seeing he is away again. Unwatchable without him
Let the man live his life! He has earned his time off!
You’ll live, I promise! 😉
I doubt that he’s “away” again - he undoubtedly has other aspects of his business that need attention
What kinda comment even is this lmao
I love these two together. I’m just speculating here, but it seems like they are busy trying to train more coaches, so maybe Dave is very busy being involved with that.
Debbie will be broke in 6 months! What happened to 25% of your income to pay a mortgage. 60, divorced, needs a $600,000 house? His alimony could be gone in a heart attack!
James, needs to stay out of other people's business. He constantly talked over Jade and Rachel, not sure why he called other than to brag about all he's done.
James- are you just calling to toot your own horn?
Debbie should just rent for a year and get her head together, but no to buying half her money for a house when she's 60 and single. Does she realize her husband dies the alimony stops? Bad advice girls!
Get ready for the Feminist angry screams… Ann is that classic delusional princesses who takes no accountability and wakes up one day, “Oh how did you take care of me and pay for all my life”
It always cracks me up. When someone makes a comment weather, it's misguided. Or misplaced or possibly accurate, such as possibly yours, but did not have the sense to include a video time stamp so that we can reference what you are talking about....-_-
It always cracks me up when people comment on only comments without actually watching the video…
Mother calling for her 36 year old son…. Hmmm
Cos they were both going to buy the house together....Rachel was quite rude and kept butting in and asking questions in the end and then said he should buy by himself....chances are he not be able to afford to qualify on his own.