I'm $46,000 In Credit Card Debt and Tired Of It!

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

ความคิดเห็น • 406

  • @JNT-s2x
    @JNT-s2x 2 ปีที่แล้ว +1160

    we were in over $80k in debt in 2018. 2019 became debt free following Dave's show and books. We sold everything that wasn't tied down, canceled cable, gaming, and streaming networks and even our cell phone plans. We don't make too much at our jobs, we just cut costs.Three years later, still debt free and close to 60k in investments. Thanks Dave!

    • @odiyn8315
      @odiyn8315 2 ปีที่แล้ว +7

      Yea

    • @Itsdjsigi
      @Itsdjsigi 2 ปีที่แล้ว +20

      Good stuff man, congratulations!

    • @BrezzyBoi33
      @BrezzyBoi33 2 ปีที่แล้ว +1

      Live life a little dude, you got to buy some things. Psychopath

    • @JNT-s2x
      @JNT-s2x 2 ปีที่แล้ว +34

      @@BrezzyBoi33 lol. Well, seeing that we're debt free with over 60k invested, I'm pretty sure we're living life real good now. And we have cell phones, streaming networks, vacations etc.

    • @JNT-s2x
      @JNT-s2x 2 ปีที่แล้ว +4

      @@Itsdjsigi thanks man. Feels great.

  • @tulipchic34
    @tulipchic34 ปีที่แล้ว +110

    My ex got us into around 39k credit card debt due to his gambling. When we broke up I saw the full extent of what he did. We both worked and should have been living comfortably. Many times before we split I asked him to sit down and work out a budget but he was always so resistant and we would end up arguing. I have now been single 4 years. I am now paying my mortgage by myself and have 24k in the bank

    • @Hello-iz9hl
      @Hello-iz9hl 9 หลายเดือนก่อน +7

      Ouuu girl 24k I wish😛

    • @Marialovely-ty4ce
      @Marialovely-ty4ce 8 หลายเดือนก่อน +6

      Awesome 😊

    • @victorkreitner754
      @victorkreitner754 6 หลายเดือนก่อน +3

      I've been single all my life accept for one 7 year relation. I have no debt, and have over 200K saved. Probably will work until 67, and at the same job I've had and love for 24 years now. Barring any serious situations I hope to live my older years with no stress and no debt at all. Pay with cash or do without.

    • @Middle850
      @Middle850 6 หลายเดือนก่อน

      Never let someone else ruin your life with their behavior. Been there before when married and took me a few years after to recover. Again couples need to talk to each other and not knowing what the other was doing is not the answer and you HAVE to talk and be on the same page. It’s so important

    • @Aisha_babii
      @Aisha_babii 4 หลายเดือนก่อน

      U go girl 🎉

  • @akc783
    @akc783 ปีที่แล้ว +66

    “It’s going to feel like you got a raise when you get on a budget.” Personally, I had the opposite experience. Getting on a budget showed me how much I was living outside my means and I found myself tightening up more than ever. It was definitely a good thing, but no way did it feel like I got a raise.

  • @ericwotton2046
    @ericwotton2046 2 ปีที่แล้ว +82

    Beans and rice, with a side of rice and beans!!

    • @love4stamps
      @love4stamps 2 ปีที่แล้ว +4

      🤣🤣🤣

    • @Vanessa47912
      @Vanessa47912 2 ปีที่แล้ว +1

      BOL!!!

    • @bnepaul9268
      @bnepaul9268 2 ปีที่แล้ว +3

      U are certainly funny 😁😃😃😁👍👍😁😁

    • @luckystar8590
      @luckystar8590 2 วันที่ผ่านมา +1

      I’ve been enjoying beans and rice!😋🫘🍚🤑

  • @EJ-vn4pv
    @EJ-vn4pv ปีที่แล้ว +41

    My husband and I paid off 45k in 10 months following a strict zero based budget inspired by Dave. Every single month we sat down together and discussed how we were going to achieve our goal and stay on track. The communication truly reaches a whole new level when decisions are made together.

    • @thefunfam1433
      @thefunfam1433 ปีที่แล้ว +2

      Wow! How? That’s about what I’m in debt for cc

  • @Lil-Whiskies
    @Lil-Whiskies 2 ปีที่แล้ว +177

    I get what Dave is saying. It's like cleaning up a hoarder's house only for it to fill up again because emotionally the person can't change the way they live.

    • @twovirginiacats3753
      @twovirginiacats3753 4 หลายเดือนก่อน

      Usually that is it or you get dragged along by a spouse that won't change.

  • @kimberlyG1111
    @kimberlyG1111 2 ปีที่แล้ว +193

    In two years my husband and I paid off 87k in debt following Dave’s process.

    • @littlesongbird1
      @littlesongbird1 ปีที่แล้ว +4

      Wow congrats!

    • @Sweet_Southern_Pecan
      @Sweet_Southern_Pecan ปีที่แล้ว +3

      Amazing congratulations!

    • @roadrunner9622
      @roadrunner9622 9 หลายเดือนก่อน +6

      Means nothing if you don't tell us your income.

    • @araung21
      @araung21 2 หลายเดือนก่อน

      Congrats a🎉

  • @spot_of_tea53
    @spot_of_tea53 2 ปีที่แล้ว +230

    That food budget with five kids, game over with his salary.

    • @DavidGonzalez-ru4uz
      @DavidGonzalez-ru4uz 2 ปีที่แล้ว

      How much do you think they spend on food?

    • @jml9550
      @jml9550 2 ปีที่แล้ว +40

      It is not the grocery budget, it is the eating out that’s out of control.

    • @alinatamashevich3354
      @alinatamashevich3354 2 ปีที่แล้ว +9

      Momma maybe unable to cook!

    • @rory644
      @rory644 2 ปีที่แล้ว +36

      @@alinatamashevich3354 daddy has hands 🙌 aswell

    • @alinatamashevich3354
      @alinatamashevich3354 2 ปีที่แล้ว +1

      @@rory644 Bingo

  • @DavidGonzalez-ru4uz
    @DavidGonzalez-ru4uz 3 หลายเดือนก่อน +4

    I was the caller on this one, glad to say we are out of CC debt, did not sell our home thats paid off and only have our mortgage. Pretty awesome.

    • @suredeydo
      @suredeydo หลายเดือนก่อน +1

      Congrats! Nice work.

  • @godisgoodallthetime7622
    @godisgoodallthetime7622 2 ปีที่แล้ว +51

    We sold our home as well. Moved into an affordable home we paid for. Slowly renovating the home. Paying for our renovation in full as we can. For the first time in our thirty year marriage we are debt free. And it feels great. We're not living beyond paycheck to paycheck. It took patience and consistency. But above all. It takes a couple who are on the same page. It will not work if only one's there.

  • @shepirate4651
    @shepirate4651 2 ปีที่แล้ว +85

    WOW this callers scenario is exactly our position at time! Now I know exactly what we need to do! I can't wait for my husband to get home to discuss :) THANK YOU!

    • @retrojay86
      @retrojay86 2 ปีที่แล้ว +2

      how has it been going since then?

    • @jurisveipe4341
      @jurisveipe4341 ปีที่แล้ว +3

      @@retrojay86 she's dead and the husband is in jail.

    • @Jerome-m9j
      @Jerome-m9j ปีที่แล้ว

      @@jurisveipe4341😂😂😂

    • @19ANT86
      @19ANT86 ปีที่แล้ว

      😂

  • @TheDjcarter1966
    @TheDjcarter1966 2 ปีที่แล้ว +111

    Dave sees the problem if you sell the house and don't change behavior you will be back here in two to three years

    • @shawntely
      @shawntely 2 ปีที่แล้ว +1

      ‼️‼️

    • @roadrunner9622
      @roadrunner9622 9 หลายเดือนก่อน +1

      Yep. But next time he won't have a big rental property to bail him out.

  • @Hagg506
    @Hagg506 2 ปีที่แล้ว +22

    Love it when smart people understand.....fix the problem.....don't just treat the symptoms.

  • @tmusa2002
    @tmusa2002 2 ปีที่แล้ว +165

    Let’s just say how IMPRESSIVE it is that he has a rental house that’s paid off. Why can’t they move into that? I wish Dave had asked more questions about it.

    • @gypseenomad3956
      @gypseenomad3956 2 ปีที่แล้ว +18

      I was thinking the same thing. They'd be mortgage free.

    • @dylpicklethebugslayer
      @dylpicklethebugslayer ปีที่แล้ว

      Yep

    • @Nickypecs
      @Nickypecs ปีที่แล้ว +8

      They should be able to rent it out for what their mortgage is to at least break even and still keep the asset

    • @danpike7980
      @danpike7980 ปีที่แล้ว +6

      It wasn't clear whether they were currently renting it, or if it was part of their income.

    • @BrianaBudgets
      @BrianaBudgets ปีที่แล้ว +6

      Probably too small.

  • @danettemckinnon7251
    @danettemckinnon7251 2 ปีที่แล้ว +18

    I was never out of control but when I got organized with my finances and put everything down on paper it made such a difference and I made so much more headway after I put pen to paper.

  • @3ofus135
    @3ofus135 ปีที่แล้ว +71

    With that many kids, I'm surprised Dave didn't say "sell the kids."

    • @MikeNapoli1989
      @MikeNapoli1989 ปีที่แล้ว +4

      Me too 😂

    • @cjhoward409
      @cjhoward409 ปีที่แล้ว +5

      😳😆😂🤣

    • @ErichH68
      @ErichH68 ปีที่แล้ว +1

      Send the kids to work.

    • @hollystiener16
      @hollystiener16 11 หลายเดือนก่อน +1

      They should sell the kids. It is too many for the money they make

    • @Cata0110
      @Cata0110 11 หลายเดือนก่อน +1

      😂😂😂😂😂

  • @Epidombe
    @Epidombe 2 ปีที่แล้ว +65

    It always amazes me the angles dave can see things. Just when i thought it to be a quick “sell the rental, pay off the cc, chuck the rest at mortgage.”

    • @aolvaar8792
      @aolvaar8792 2 ปีที่แล้ว +4

      “Sell the rental, pay off the cc, make an emergency find, chuck the rest at mortgage.”

    • @angelachanelhuang1651
      @angelachanelhuang1651 2 ปีที่แล้ว +4

      AMERICANS are not financial planners

    • @retrojay86
      @retrojay86 2 ปีที่แล้ว +2

      ​​@@angelachanelhuang1651 sadly, financial literacy is poor

    • @katemiller7874
      @katemiller7874 ปีที่แล้ว

      That’s what he should do

  • @Notthelizard
    @Notthelizard 2 ปีที่แล้ว +33

    I wouldn’t sell the rental. The value will escalate. Better look into more ways to bring in more money and use less than you bring in.

    • @rsafree1139
      @rsafree1139 2 ปีที่แล้ว +2

      Or it doesn’t escalate. Or it needs a major repair. He needs to sell it

  • @nodsib
    @nodsib 2 ปีที่แล้ว +20

    Hahaha, the way Daves shakes his head when the caller is being asked if he’s on a budget 😂

  • @Apsaramain
    @Apsaramain 2 ปีที่แล้ว +77

    I know exactly what this family is going through. Been there. They have to make a meal plan Sat night, let one of them go shopping for the week for two hrs Sunday. Game changer.

    • @FortuneSeek3rz
      @FortuneSeek3rz 2 ปีที่แล้ว +2

      Usually kids like cheap food. Chicken nuggets, hot dogs, cereal. Obviously you have to work some fruits and veggies in there too but they're cheap also. It can be done.

    • @KC-dr3cg
      @KC-dr3cg 2 ปีที่แล้ว +7

      @@FortuneSeek3rz I question the teaching value and the health issue of feeding children choose food full of preserved ingredients .. for example if no one doesn't have any allergies preventing it eating 18 cashews is equal to eating one hot dog and much healthier because of all of the nutrition in cashews

    • @jurisveipe4341
      @jurisveipe4341 ปีที่แล้ว +5

      @@FortuneSeek3rz if they do not know about the nuggets existance, they just don't know. Who introduces them to these shit foods?

    • @greatsouthmarketing8897
      @greatsouthmarketing8897 ปีที่แล้ว +1

      Exactly. I wish they’d throw out meal planning more

    • @MyLifeInTheDesert
      @MyLifeInTheDesert ปีที่แล้ว +2

      @@FortuneSeek3rzsadly you’re so right. Processed food is very cheap but is really setting your kids up for failure later on.

  • @paulaqueirosz
    @paulaqueirosz 2 ปีที่แล้ว +94

    People talk about kids like it's just something that falls off the sky into your home... I don't get how people keep popping them without any plan...

    • @queeninkim9733
      @queeninkim9733 2 ปีที่แล้ว +12

      You can never prepare enough for kids. Life happens no matter how much you prepare.

    • @KC-dr3cg
      @KC-dr3cg 2 ปีที่แล้ว +63

      @@queeninkim9733 you can however prepare for not having five children

    • @jameshernandez6168
      @jameshernandez6168 2 ปีที่แล้ว +18

      why I only had one and he's an adult now. no way would I have kids now this world is going bezerk and it's expensive especially now

    • @shaunwilliams8738
      @shaunwilliams8738 2 ปีที่แล้ว +29

      @@queeninkim9733 yes you can, it’s called condoms and the pill.

    • @miketheyunggod2534
      @miketheyunggod2534 2 ปีที่แล้ว +1

      It's up to God, not them.

  • @dannyh9010
    @dannyh9010 2 ปีที่แล้ว +29

    It bugs me when people do stupid things financially and then say, “we find ourselves in this situation”. No, you PUT yourselves in this situation. Stop being passive and own it.

  • @nnvng
    @nnvng 11 หลายเดือนก่อน +5

    Thank god me and my husband don't have any student loan debt. But we are stressing over just 5k credit card debt and a 10k car loan. These videos keep us motivated to not get ourselves deeper into these situations. Life happens. However, we both need a stronger life saving plan. That's our main focus this year and paying off everything.

  • @grantv2313
    @grantv2313 2 ปีที่แล้ว +11

    We make more than them have 1/3rd the house and two kids and just get by. Not incurring debt but not thriving by any means. I’m surprised they don’t have more CC debt. I don’t even have a vehicle payment. But sure enough a $300 to $500 “extra” bill pops up every month for me. This month was a plumbing issue I couldn’t fix.

  • @sohd2283
    @sohd2283 2 ปีที่แล้ว +73

    Sell the kids, sell the house and sell the wife you should be good for the rest of your life

    • @vanessacaltabiano9775
      @vanessacaltabiano9775 2 ปีที่แล้ว +2

      Funny! & sell the pets😂❤️

    • @carojames6776
      @carojames6776 2 ปีที่แล้ว +3

      @@vanessacaltabiano9775 NO WE KEEPING THE PETS But the WIFE GOT TO GO, PACK A BAG!!!

    • @martinmi5
      @martinmi5 2 ปีที่แล้ว +3

      😆 or he could rent out his wife

    • @angel-ij4xv
      @angel-ij4xv ปีที่แล้ว

      they all are doomed

    • @cjhoward409
      @cjhoward409 ปีที่แล้ว +1

      Maybe she should sell HIM !
      My ex husband was my financial problem. 35 years later I’m completely debt free and he owes everybody 😮😅

  • @BrianaBudgets
    @BrianaBudgets ปีที่แล้ว +28

    I’ll never understand people that keep having more kids when they’re already struggling financially.

    • @Europa1749
      @Europa1749 10 หลายเดือนก่อน +1

      I can't imagine feeding teenagers at the cost of food today. I had two and they were starving an hour after dinner.

  • @livingcalifornia66
    @livingcalifornia66 ปีที่แล้ว +6

    I don't understand telling someone to sell a paid off rental property to pay off $46K in CC debt. We weren't told if the rental is being rented out and if that is part of their income. If it is additional income then sending that to the CC seems better and when they are paid off they will still own a great appreciating asset. Also - as mentioned in the threads, why could they not sell the current home and live in the rental mortgage free?

    • @hollystiener16
      @hollystiener16 11 หลายเดือนก่อน

      The rental home is way to small for 5 kids. They had too many kids

  • @SeanBaker
    @SeanBaker 2 ปีที่แล้ว +38

    Nothing like a self made issue to get me annoyed. Yes, I've made my own issues, also when I was young.

    • @jml9550
      @jml9550 2 ปีที่แล้ว +3

      As long as you acknowledge the issues, it can be fixed.

    • @richthepup
      @richthepup 2 ปีที่แล้ว +5

      Couldn’t tell if you were referring to the kids 😂

    • @hollystiener16
      @hollystiener16 11 หลายเดือนก่อน

      Having 5 kids was their downfall

  • @roumantzas7379
    @roumantzas7379 2 ปีที่แล้ว +79

    I just started working on the snowball method you spoke of in another video to pay off my debt…pray for me! Haha

    • @fawdzoola9192
      @fawdzoola9192 2 ปีที่แล้ว +5

      Best of luck 💪

    • @Project-Masculinity
      @Project-Masculinity 2 ปีที่แล้ว +4

      God Bless

    • @stevenporter863
      @stevenporter863 2 ปีที่แล้ว +3

      Best. That debt is toast. 👍

    • @Vanessa47912
      @Vanessa47912 2 ปีที่แล้ว +2

      You got this!!

    • @paulwisdom5383
      @paulwisdom5383 2 ปีที่แล้ว +1

      You've got it buddy. It worked for me till my situation went sideways. I cleared about 70% of my debt before that point and it got to the point of being fun paying the remaining balances off!

  • @uptobatentertainment
    @uptobatentertainment 2 ปีที่แล้ว +35

    Vids like these make me feel relieved … somehow it doesn’t deter me from wanting a car I can’t pay cash on lol

  • @bmxtwins5685
    @bmxtwins5685 ปีที่แล้ว +1

    dave comes out strong in this one !! de dude on the left was talking pretty good but then dave came in really good, later on dave was super sharp. Really nice one !!

  • @fhuber7507
    @fhuber7507 2 ปีที่แล้ว +42

    Caller has made himself "house poor" Can't really afford the house payment.
    $40k in CC debt = $8k + per year in CC interest, just eating at their budget.

  • @PInk77W1
    @PInk77W1 2 ปีที่แล้ว +33

    $500. A month interest
    Before a single dollar is paid on the card.

    • @jml9550
      @jml9550 2 ปีที่แล้ว +5

      Yep. I would just take a equity on the rental with a much lower interest and pay off the CC, then pay the equity off ASAP.

    • @travisclark7892
      @travisclark7892 2 ปีที่แล้ว +1

      Borrow money to pay off borrowed money.

  • @douglasfuqua3833
    @douglasfuqua3833 ปีที่แล้ว +5

    What he trying to tell you is to change you're spending habits. If you sell youre rental just to bail you out you will go back to to just charge it and you will be right back to where you were! Live within your'e means!

    • @Jenda-ld8dj
      @Jenda-ld8dj ปีที่แล้ว +2

      Yeah, get rid of the new(er) cars for starters.

    • @Mark-qv4bn
      @Mark-qv4bn ปีที่แล้ว

      I'm driving a 21 year old truck. It gets around town just as good as any new one does. BTW, nobody cares what you drive. 😮

  • @fluffyspunsugar
    @fluffyspunsugar 2 ปีที่แล้ว +13

    Thank you, Mr. Ramsey, for giving folks FPU as a gift.

  • @bdoubleeb3039
    @bdoubleeb3039 2 ปีที่แล้ว +10

    DO NOT SELL THAT RENTAL!

  • @AieMem67
    @AieMem67 2 ปีที่แล้ว +8

    George Kammel is my favorite co-host of the Ramsey Show

  • @jenniferleigh1674
    @jenniferleigh1674 2 ปีที่แล้ว +9

    I was finally getting ahead and now my savings is wiped out due to legal issues. Im so sad and scared. I just cant ever get ahead and win.

  • @summerforever6736
    @summerforever6736 ปีที่แล้ว +21

    WHY HAVE 5 KIDS IF YOU CANT AFFORD IT!!!

    • @dannyleo4791
      @dannyleo4791 10 หลายเดือนก่อน +4

      Because he fell for that whole lie called the American dream

    • @bovnycccoperalover3579
      @bovnycccoperalover3579 10 หลายเดือนก่อน +2

      Never believed it. I kind of know what it is. It may have been possible for many decades ago but impossible now until you're millionaires and billionaires.

    • @miketheyunggod2534
      @miketheyunggod2534 9 หลายเดือนก่อน

      Ask God.

    • @miketheyunggod2534
      @miketheyunggod2534 9 หลายเดือนก่อน

      Let me guess. Millennial you are.

  • @josh124c
    @josh124c 2 ปีที่แล้ว +12

    I took on debt to survive
    And now
    I'm attacking it with extreme prejudice

    • @beckyzwhite
      @beckyzwhite ปีที่แล้ว +2

      One year on. How are things now, Josh?

  • @penninator1
    @penninator1 ปีที่แล้ว +1

    Oh thank God Dave said the first budget is really hard! I thought it was me. After surviving through tge 1st month budget I literally wrote across the whole page "UNREALISTIC" and I reconfigured the 2nd month. Being intentional and deliberate with the money is really an eye opener. Thank you Dave and the entire team.

  • @AieMem67
    @AieMem67 2 ปีที่แล้ว +14

    I love how Dave Ramsey is a Sensitive , Patient , Consistent Person . This guy chose to have Children in his life that's on him

  • @mikeshaw4610
    @mikeshaw4610 2 ปีที่แล้ว +21

    The house seems too much for the income.

    • @garrettmesser3977
      @garrettmesser3977 2 ปีที่แล้ว +4

      It is. Move into the paid for rental and sell the one with the mortgage

    • @nicholegallo1090
      @nicholegallo1090 2 ปีที่แล้ว

      It’s not if they can afford the mortgage once they budget

  • @tsmith20098
    @tsmith20098 ปีที่แล้ว +3

    I started following dave in 2020 got myself out of 15k of debt rebuilt my saving to over 50k in growing and in still kept my 1k Emergency fund underneath my bed mattress. 😂😂😂

  • @sharischmidt4712
    @sharischmidt4712 2 ปีที่แล้ว +31

    Five kids!!!!
    Family planning?????

  • @Iam_jardow
    @Iam_jardow 2 ปีที่แล้ว +8

    Struggling and making 70-90k is wild to me

    • @hollystiener16
      @hollystiener16 11 หลายเดือนก่อน +2

      They have 5 kids. why have so many when you are not making enough and do not even have the time to devote to them.

    • @hlf_coder6272
      @hlf_coder6272 หลายเดือนก่อน

      Hell I make double that myself and am not living on easy street by any means. And I don't have any kids or debt at all. (75k is actually the median household income in the U.S.)
      I have the opposite mindset. I don't know how people are getting by making average salary with kids and stuff right now.

  • @king-be7ez
    @king-be7ez 3 หลายเดือนก่อน

    these videos make me feel better about my little debt

  • @patrickchilds5486
    @patrickchilds5486 2 ปีที่แล้ว +8

    Don’t agree sell the rental. Multiple streams of income is so important…

  • @Rambleon444
    @Rambleon444 11 หลายเดือนก่อน +4

    5 kids Costco is your friend!

  • @crb4059
    @crb4059 2 ปีที่แล้ว +7

    When will the govt go on a proverbial "rice and beans" diet and start whittling away our $30 trillion debt?

  • @ForTheChristians
    @ForTheChristians 2 ปีที่แล้ว +6

    Dave at his best in this call

  • @rodriguechamteu5986
    @rodriguechamteu5986 ปีที่แล้ว +18

    We were $150 in debt last month. Now we are debt-free following Dave’s baby steps

  • @djpuplex
    @djpuplex 2 ปีที่แล้ว +8

    This guy rambling drive Dave crazy 🤣

  • @iddddaduncan
    @iddddaduncan ปีที่แล้ว +14

    34yrs old with 5 kids, Ha!

  • @MustangWriter
    @MustangWriter 7 หลายเดือนก่อน +1

    I lived on credit cards during Covid. Also while stuck at home during that time I decided to remodel the kitchen and one bedroom. All on credit cards. After the dust settled I was $50K in debt. Last year (2023) I paid off 25K and so far this year I've already paid off my car and by the end of the year I should have another $15k paid off and then sometime in 2025 I should be completely debt free.Well, that's the plan anyways. It's taken me a bit longer as I'm a widower with 4 girls and sometimes I back slide..

  • @MassielPG
    @MassielPG 5 หลายเดือนก่อน +1

    Five kids without the finances to support those five lives that he chose to bring into this matrix is very irresponsibly and selfish.

  • @ViewinDrew
    @ViewinDrew 2 ปีที่แล้ว +1

    When he said Yup, I felt that.

  • @gracieo6561
    @gracieo6561 2 ปีที่แล้ว +8

    Hey in case you didn’t know..he’s 34 years old.

    • @FTYC2022
      @FTYC2022 2 ปีที่แล้ว

      I was to trying to figure out why that was worth mentioning so much as well 😄

    • @vikthequick
      @vikthequick ปีที่แล้ว

      😂

  • @evalina98000
    @evalina98000 2 ปีที่แล้ว +9

    Gotta fix this and the this is you. Once again, Uncle Dave tells it like it is 😜

  • @drlax15m
    @drlax15m ปีที่แล้ว +1

    I did give myself a raise, I’m ahead of bills, have more monthly cushion, it is amazing

  • @PersonallyOptimistic
    @PersonallyOptimistic ปีที่แล้ว

    Great stuff. "Batten down the hatchets" is a great eggcorn though!

  • @ibnfaqir9223
    @ibnfaqir9223 ปีที่แล้ว +11

    No one told you to have 5 kids. No matter how much you make you would be hemorrhaging money every month.

    • @PInk77W1
      @PInk77W1 ปีที่แล้ว +1

      There’s a video on TH-cam where a couple has 14 kids and no debt at all.
      Very frugal people

    • @MsSimpleMovies
      @MsSimpleMovies ปีที่แล้ว

      I expect a more wide-angled viewpoint from someone named "Ibn Faqir."

  • @OutbackinLasVegas
    @OutbackinLasVegas 2 ปีที่แล้ว +4

    43000 eating out! Lol check out what casino their eating out at!

  • @wandahaines7143
    @wandahaines7143 2 ปีที่แล้ว +16

    Sell the big house, move into your rental. Your kids will do just fine sharing rooms and a bathroom.

  • @SADFORIAN
    @SADFORIAN 5 หลายเดือนก่อน

    I unloaded three duplex rental properties out of panic 20 years ago without reflecting on if I really should. And as was pointed out, I was just buying time without addressing the lifestyle that I needed to change. Sold all three for a combined 240k, clearing about 90k total. Each is still standing and I'm sure worth about a million combined today. Oh well.

  • @nicodimus2222
    @nicodimus2222 ปีที่แล้ว +6

    5 kids? And each one costs what, $300K to raise to 18? Ugh. They have set themselves up for a rough time.

    • @toddprater14
      @toddprater14 ปีที่แล้ว +1

      This isn’t the 1950’s. Having*5/6 kids nowadays is suicide ….

  • @SonPham-hn7rk
    @SonPham-hn7rk ปีที่แล้ว +3

    I have to say I wish them the best but having a family of 7 on $92k is very reckless. That not intelligent family planning. Family of 3 on $90k is ok, 7 is outrageous.

    • @hollystiener16
      @hollystiener16 11 หลายเดือนก่อน

      He said $75-80k. and it is outrageous

    • @dieterh.9342
      @dieterh.9342 7 หลายเดือนก่อน

      That people like you do not value life is astounding.

  • @Fastxfords99
    @Fastxfords99 2 ปีที่แล้ว +2

    Live small, save big, invest smart, retire comfortably.... easy peasy.

  • @codelessunlimited7701
    @codelessunlimited7701 7 หลายเดือนก่อน +1

    House ownership is a luxury now. It is no longer a homebased of good memories.

    • @gregorypaine513
      @gregorypaine513 5 หลายเดือนก่อน +1

      Crazy JOE IS MAKING LIFE HARD!

  • @lionel5076
    @lionel5076 7 หลายเดือนก่อน +1

    My ex got me 1,000,000,000 in debt. I just gave up and became a monk in the mountains of asia

  • @lfuentes4098
    @lfuentes4098 9 หลายเดือนก่อน +1

    Yeah, you guys just have to live like your only bringing home half the income. Then you can actually keep the rental. Which in my brain is a better investment than money in the bank. Fix the problem not the symptom. Spot on Dave.

  • @marton349
    @marton349 11 หลายเดือนก่อน

    They probably have a lot of stuff they bought on cc that either no longer need or never needed in first place. Sell it all.

  • @darinherrick9224
    @darinherrick9224 2 ปีที่แล้ว +13

    It's wild to me every time hearing rich people who are out of control with their spending. Hundreds of thousands of dollars in property and not on a budget.
    I'm dead broke no emergency fund (spent it all on medical bills) practically living paycheck to paycheck and in my tiny apartment I'm on a budget.

    • @tiffanyroberts5993
      @tiffanyroberts5993 2 ปีที่แล้ว +9

      Depending on where a person lives - He’s not rich and especially so with five little kids to take care of.

    • @angelachanelhuang1651
      @angelachanelhuang1651 2 ปีที่แล้ว

      americans are being SCAMMED

  • @Richwaytools
    @Richwaytools 2 ปีที่แล้ว +2

    -Fauci, Math! Love it

  • @TechTusiast
    @TechTusiast 5 หลายเดือนก่อน

    I think one big problem is, people think they can get happiness out of something like a car. "I worked hard, so I deserve..." ??? A debt after buying a car the manufacturer purposely build to break down and charges ridiculous amounts from spare parts that cost a nickel to produce? Is that what you "deserve" because you worked hard or maybe something that actually improves your life and not make it even more expensive?
    Same thing with houses. If where you live, you can assume that your property will increase in value more than you pay interest and other payments involved, including maintaining said property, great! If not... yeah... think about it.
    But the one thing I can NOT understand is: Why do people buy regular "stuff" with credit? I don't recommend using credit for a car, but I get it might sometimes be ok, if you can pay it in reasonable time and car is practical and useful. House, especially if it is likely to increase in value, sure, if you can economically survive surprises. But spending lend money on "stuff" like, TV? Stereo? Computer? Smart phone? Bed? Holiday? Clothes? Jewelry? A person doing this kind of spending is not "bad with money", this person is a certified, bonified idiot.

  • @stephaniegarcia-ty5my
    @stephaniegarcia-ty5my 10 หลายเดือนก่อน +1

    I would not sell a paid off house. Ever. Do the hard work!

  • @jamesgambee8930
    @jamesgambee8930 2 ปีที่แล้ว +29

    “Two words that don’t go together, like Fauci math” love me some Dave Ramsey

  • @onedaymaid4817
    @onedaymaid4817 หลายเดือนก่อน

    Why is he gonna sell the extra income ( the rental property ) That is not the problem that is actually a help on bringing more money in.

  • @TMoody
    @TMoody 2 ปีที่แล้ว +14

    I'M DEBT FREEEEEEEEEEEEEE!

    • @jragon9215
      @jragon9215 2 ปีที่แล้ว

      Hey, if I have $140k discharged in bankruptcy and student forgiveness, is it costing the tax payers?

  • @carolynstewart8465
    @carolynstewart8465 2 ปีที่แล้ว +1

    He's not listening!

  • @carojames6776
    @carojames6776 2 ปีที่แล้ว +2

    The pair of them are reckless with their finances.

    • @edgar22452
      @edgar22452 2 ปีที่แล้ว

      Exactly!

    • @Jenda-ld8dj
      @Jenda-ld8dj ปีที่แล้ว

      Their marriage is starting to suffer as well.

  • @ethor747
    @ethor747 ปีที่แล้ว +16

    34 with 5 kids is nuts

  • @keshavr9617
    @keshavr9617 6 หลายเดือนก่อน

    Lot of this is about FIXING YOU and not fixing debt

  • @robertdepesci3418
    @robertdepesci3418 2 ปีที่แล้ว +2

    I paid off the same amount. Lits of overtime

  • @estefaniapena1533
    @estefaniapena1533 2 ปีที่แล้ว +5

    His house is too expensive for their income

    • @PatriotSteve
      @PatriotSteve 2 ปีที่แล้ว +1

      I disagree. Their mortgage payment is less than rent.

    • @hollystiener16
      @hollystiener16 11 หลายเดือนก่อน

      5 kids is too expensive for their income

  • @CurtMortis
    @CurtMortis 10 หลายเดือนก่อน +2

    34 with five kids

  • @VintageStereoCollector
    @VintageStereoCollector ปีที่แล้ว

    This is scary for real not making a lot of money less than hundred a year still owed money for the house the cars 5 kids credit cards etc etc.The life style is very scary eating out a lot throwing a way a lot of money like Dave Ramsey said your house is wild.Big debts Will Get you in big big trouble

  • @Rob10288
    @Rob10288 2 ปีที่แล้ว +18

    Self inflicted debt. Enjoy!

    • @blackworldtraveler3711
      @blackworldtraveler3711 2 ปีที่แล้ว +1

      Many people are their own worse enemy with finance.

    • @mmccpl3934
      @mmccpl3934 2 ปีที่แล้ว

      What does that even mean. All debt is self inflicted

  • @summerforever6736
    @summerforever6736 ปีที่แล้ว +1

    HAVE 3 MORE KIDS!!!!!!!!!!!1

  • @chrisgast
    @chrisgast 2 ปีที่แล้ว +4

    Why are they going down in income?

    • @esonon5210
      @esonon5210 2 ปีที่แล้ว

      he probably owns his own business or works in commission sales

    • @megalodon1726
      @megalodon1726 2 ปีที่แล้ว

      The pandemic.

  • @johnmitchell2741
    @johnmitchell2741 2 ปีที่แล้ว +2

    you moved to the baby steps that's an understatement

    • @gggg-ms7vu
      @gggg-ms7vu 2 ปีที่แล้ว

      For more Insights and private mentorship on investment and earning write me on the above number ☝️☝️☝️

  • @garrenshot
    @garrenshot 2 ปีที่แล้ว +3

    How come they have a rental and they only make 85k?

    • @Damon-qt3fw
      @Damon-qt3fw 2 ปีที่แล้ว +2

      Cash flow on rentals isn't all that much if at all. Sometimes a rental is purely an equity move.

  • @craigadams3639
    @craigadams3639 ปีที่แล้ว +1

    Rice and beans lol

  • @rothbj1
    @rothbj1 2 ปีที่แล้ว +3

    2:28 "Batten down the Hatchets"

  • @elivarney7148
    @elivarney7148 ปีที่แล้ว

    Sell the rental property that is pretty much paying a mortgage…? How about just cleaning up little stuff with spending and pay the cards off.

  • @mikedoyle5901
    @mikedoyle5901 ปีที่แล้ว

    Sell the rental, pay off debt, leave an emergency fund and put a dent into the mortgage.

  • @ChrisCardenDrums
    @ChrisCardenDrums 9 หลายเดือนก่อน

    Yeah, he doesnt need to mess around with being a landlord right now. Way too much other stuff going on and he doesnt even have his primary mortgage paid off. If anything, take that 200k, pay off the credit cards, any other debt, put 50k in the bank, thats a solid emergency fund, and the rest in 5 529's and 2 roth IRA's that youll max out every year. (That would get them to their 15 percent) The mortgage on their primary isn't the problem, its that they dont have a clear path to walk. I cant imagine having 5 kids, just, my god...

  • @Love2Banime
    @Love2Banime 2 ปีที่แล้ว +1

    Loan debt is draining.

  • @roadrunner9622
    @roadrunner9622 9 หลายเดือนก่อน

    If this guy doesn't change his mindset and habits first, he's going to sell that rental property as a quick fix to pay off his cards, but then spend all the profit and probably be in debt again in 5 years.
    Only next time he won't have a rental property to bail him out.

  • @yoshit9819
    @yoshit9819 ปีที่แล้ว +2

    Feels good to be debt free.

    • @Mark-qv4bn
      @Mark-qv4bn ปีที่แล้ว

      Congratulations. I'm over 9 years debt free by choice. I work and collect SS retirement. 🧙