Oh, they can if they want to. They just sound demanding and selfish. I hope the son stood up to them. With $125 000/year retirement, they can make it in their own.
It might be that they are trying to live like they did when they were working and now are not earning enough to sustain that lifestyle. They could probably rack up the debt when they work as they could cover the repayments, fancy meals, constant shopping, several holidays and probably buying the most ridiculous stuff. I can bet you the mother has shoes she has never worn. There house repayment is not the issue either. They are bound to have several thousand dollars per month available after the mortgage.
@@IWantToMature85 Because no sane person would let people who refuse to actually work on themselves and their debt, and will refuse to move out, live with them. These people are mismanaging their money in the worst way and allowing them to move in with this young, growing family will enable them to spend more. That extra money that was going towards their mortgage? Now it's going towards fun spending. (And yes, I do think they'll overstay their welcome). She's said she doesn't want them to move in and if he doesn't listen to her she's gone, guaranteed. Edit: My mother has done something similar to my grandparents. She said she'd only be staying a few months while she found a place to stay that was her own and now she's been there over a year with zero plans to actually leave.
@@IWantToMature85 it's not rocket science. A woman expecting a baby does not want her in laws moving in after having her own place with her husband. She wants PRIVACY. Walk into a barn and go handle a litter of newborn kittens. Pick them up ohh and ahhhhhh over them and then go check on them the next day. Chances are the momma cat will have moved the litter somewhere else. Same thing. Mothers don't appreciate intruders. And parents shouldn't EVER expect to move in with their children.
They young couple has to make it INCONVENIENT for the parents to stay there too long. Whether they vacuum later in the evening, maybe something more subtle, but they have to try and make it uncomfortable for the parents to stay there too long.
@@lovethemflowers My aunt did some passive aggressive stuff so that her mother-in-law would refuse vacationing there. She would stop buying groceries and leave her fridge empty on days. She would cook once in a while despite being a good cook and let her mother-in-law cook for the family. Her mother-in-law was a good cook as well but she was expecting to be served and not to serve and do the shopping at her age. In other words, she allowed her mother-in-law to take over the house when she was vacationing there as my aunt gritted her teeth. Of course, it tired out her mother-in-law in the end. At least her husband did not accuse of her bumping head with his mother because the latter was allowed to run the house for the timebeing.
my parents are too proud to move in. but never too proud to get verbally abusive to shake me down for money. and they do that in the most demeaning way by comparing me to other friend's kids.
As would I. I'm debt free. I didn't know about Dave Ramsey but I (we)had common sense. I would not only not ask for help from my children but in fact set them free from debt. All college paid for. Used cars paid for and paid for their insurance as well. Also 100% of their weddings and a down payment on each of their homes. I ended up giving one of my homes (not the deed) to live in rent free for about 7 yrs. now. I had in the deal that they pay for the property taxes. Never did they. They call for every little thing that breaks so we pay for it. Basically trashed the home that I worked so hard and with such love. I love this child with my whole heart, but it hurts to see such disrespect. Giving anyone something for free is never a good idea.
Greedy, selfish parents. Do you know how many retired people would kill to have 125k a year? My husband and I only bring in 50 k but we are fine. We actually only spend about 20k a year because we have zero debt.
M J I made at one point 90,000 single guy. I was banking 10% and doing two vacations a year at age 35. I now make much less, but still doing ok with no debt. My mind is blown with these parents!
@@shannon2748 that's pretty badass of your parents. I found out the hard way that it's one thing to SAY you won't ask anyone for help, and another to actually deal with a crisis yourself. I asked my parents to help me out financially recently, which is something I thought I'd never do. To refuse to ask for help even when they have no other options must be a testament to your parents' willpower
Right ! Don’t help your mother and father, let them live in their car cause you are not a human being! Regular normal human being should be helping father and the mother
@@Ashley-os1ce There's a difference between being broke because of expensive medical bills and being broke because you're stupid with your money. It is the same as the difference between charity and enabling.
@@amselsmith2518 I helped my Mom even she was an alcoholic, I didn’t want her to end up on the street. Was she stupid ? She definitely was, but it was my responsibility to help her. Even though I was broke myself at that time even though I was angry with her behavior. But if I didn’t help I wouldn’t be able to sleep at night . She gave me my life.
@@Ashley-os1ce Charity is not enabling. There is no amount of shaming or moralizing that justifies enabling someone's bad habits by paying for their stupidity.
My sister has 22 CREDIT CARDS, rolled debt into mortgage 2x. She can NOT live on $10,000 gross. Trust me : THEY WILL NOT CHANGE DO. N.O.T. LET THEM MOVE IN !!
He just needs to tell the parents the truth. They need to see an accountant who can do financial advice for them. They should be living the life with that $125,000 per year retirement. Right now they should be debt free and living in pure luxury with money in the back spare as well.
He has a wife and a BABY to think about FIRST!! These parents are bad new. I bet they will try to cause strife between him and his wife. She and her relationship with his wife is at stake. He is willing to ignore HER wishes. Shame on him.
Those parents can still be straightened out as they have the income. They just need to be made to see the truth. If they then decide to ignore it the son needs to separate himself from them. What he needs to realize as well is that his parents debt could affect him if they move in.
This is bananas. Who in this earth make $120,000 in retirement and is still broke. THAT'S CRAZY. Parents or not they WOULD NOT come in my house. Like my parents use to say. You're grown you figure it out.
Mya Mya can’t really generalize like that in this situation. Maybe his parents have done a lot for him which is why he’s okay returning the favor. Many parents do a lot for their kids into adulthood
@@IWantToMature85 do you think that letting them move in and having that extra money to spend is the best way to help them? Or them actually remaining independent and fixing their finances? You don't think 2 ppl should be able to live off $100+ grand a year? The fact that they earn that much in retirement means they made a ton of money in their working years. Dont you think $125+ grand a year is a large sum for a retiree? Considering they dont have to work so there are no work related expenses like gas, or lunch or whatever. They dont have under age kids. And as a married couple they can downsize to a smaller place (at $2500 a month mortgage sounds like a lot of house for 2 ppl).
Zechariah Cameron do you know how many couples would love to make 120,000 and NOT WORK! That is some serious cash for a childless couple! I make little more than half that and I’m single doing good. Sell that friggin house and live in a cheap apartment, not live with other family members. My mind is totally blown with this!
ooops!!! they've already moved in. Now he has to MOVE THEM OUT!!!! What are the chances of THAT happening???? NOT!! The wife is moving out before his parents.
Ive been talking about Dave Ramsey to my parents here and there. Trying to get them to jump on the bandwagon but not being pushy cuz I know they are not in a great financial. Ive been telling them about how in 2 months we will be debt free and how we will only use cash now. Out of nowhere my dad tells me he paid off 2 store credit cards! He was so excited and I realized he has really been listening to me.
This man has no respect for his wife. Also, I don't know why he called if he wasn't going to take Dave's advice. And once they are in the house, they will not move out.
Look at the terrible position he’s putting his wife & soon-to-be new baby in! -b/c I see the wife moving out, with the baby in tow. He’s sacrificing his own family to enable his parents’ spending addictions.
If the wife is already thinking this isn't a good idea, imagine how she'll feel about it after a week of sleep deprivation from the baby's frequent awakenings. The couple will have a tough enough time adjusting to the new baby. They DO NOT need parents living with them. Like the husband said, they value their privacy. Now he has to make sure those parents know that and that this will be a very temporary situation. At least the son DOES know the details of his parents' financial situation. Lot of kids aren't sure what the parents income is or how much debt they have.
My wife and I are 73 and we get by just fine on $80k per year. We actually save $600 a month because we don't know what else to do with it, though we did give away $3000 to charity so far this year. These old people are nuts!
Refuse to sell your car, refuse to do this, refuse to do that, we cannot change our spending...I am refusing your request to move in with us. Love you parents, but not gonna happen, never gonna happen. Figure it out on your own...you have the income to fix things if you get on the slash and burn, beans and rice plan.
The wife will leave him if he allow his parents to move with them. He is a papa&mama’s boy. He need to put BOUNDARIES in place. His parents are a mess.
well maybe not quite like that... but in this situation.. true! If they are not in good health and have a place to live or need help with things then yes, but being a leach.. nope!
I like how Dave immeduatly started to end the call when he realized their was no hope for this guy. "Well what do I do when they move in?" "Dude, I just told you to not let them in." "Yea but..." music starts to play as the camera fades out. 😂😂 Cant help people that want to drown.
I am so happy I am not this man's wife. These parents are horrible. People starving in the world and they are trying to take down their children because they dont know how to live off of $125,000. Enabling hurt people. If he takes in his parents, he is a part of the problem.
He’s making all kind of excuses for his irresponsible parents. When the in-laws becomes outlaws, I’m sure his marriage will definitely hit some turbulence.
Way back when (many years before Dave Ramsey) my in-laws ran into some financial difficulty and moved in with us. They did move out but it put such a strain on our relationship that irreparable damage was done and things were never the same. DO NOT ALLOW THEM TO MOVE IN WITH YOU. If you do, you'll be sorry.
I’m 77. I’ve been living alone almost 20 years. My only income is Social Security and I have a five month emergency fund. I started planning for retirement five or six years before I retired. Biggest thing was waiting for a subsidized senior apartment that was under construction. It’s a lovely complex. Meanwhile got the car and a few other debts paid off. I have zero debt, my rent with utilities all but cable is $350. The market value would be $1200. My point here is if you don’t have a pension, you MUST plan ahead. The wait list on housing can be five years. Yes, there are sacrifices. I forget what a restaurant looks like and don’t remember my last vacation. My funeral plans are paid down to the cost of opening the grave. Taking the grandchildren to a movie is a splurge. “Impulse spending “ isn’t in my vocabulary…..and my credit score is 822. I can promised you the parents will come,then the baby will come and then the divorce papers. They created this situation. Find a senior center with someone can advise them because they sure aren’t going to listen to you. This can only lead to disaster because they will never leave. I wish you well…..
.... I don’t even make 1/8th of what they make and I’m sustaining a 2 1/2 person house hold and running an online business and still managing to keep my expenses at a low. They need a reality check. Don’t allow them to move in.
But he was so good to set up a budget for them. That's kind of neat. But I wonder where he gets his values from (financial ones) because they seem to have skipped his parents? Does he get the values from an uncle, etc?
@@mariejones7136 Michigan has plenty of senior apartments for under $700-800/mo. There's no income restriction either. This is just plan apartment, not assistant living. My mom lived in one. $650/mo. One bedroom.
This is insane. The world has a terrible financial literacy problem. It's amazing how many people have GOOD money coming in, and they still manage to burn it all. I once was tasked with going through an ex-executive's email records at the company i worked at in order to find some of his old files. Among his work emails were also personal ones. Guy was making over $400k/year and most of his emails to his wife were about how they weren't sure they were going to be able to pay their bills that month. The country club they belonged to ran them $700/week, but removing that expense was "off the table". Insanity.
2,500 for mortgage isn't even that much if they get 125K per year, and a 15K car is cheap. What are they spending on? He saw their spendings/budget but didn't tell us the whole story clearly.
Ohh I’m listening to this episode right now on the podcast! 👍🏽. Great work you guys out at Ramsey Solutions! 🙌🏽. Do not let them move in! AND ABSOLUTELY LOVE THE RANT THAT COMES RIGHT AFTER THIS SEGMENT! 🙏🏽
Soooooooo his question was should his parents move in.. Dave says no and now his question is since they are moving their stuff in what's the best plan??? He knows the answer he is not going to follow it though.. like why call .... why???????
Well he lied right from the get go. He said they were planning on moving in when it turns out the reality is they're already moving in. He clearly finds it easy to lie to himself about the situation. Not good.
It will be standing room only when they move the REST of their stuff into their home and with a new baby??????? Divorce papers already being typed up!!
Unfortunately, Dave gets call all the time that involve families or individuals that don't know how to "get by" on six figures. The debt epidemic in this country has infected the minds of too many people.
He is definitely going to let them move in out of guilt. And I bet it's his mother that's driving the move. They are going to ruin their marriage and traumatize his baby. This man is so weak that he can't protect his wife and baby. This is a disaster waiting to happen.
The parents need to downsize to a small apartment..they should stay out of the son’s house. They are expecting a new baby and the peace and serenity of the home is the most important thing.
2:47 agreed, we can physically move people. but until they mentally move themselves. you really can't help em until they want it bad enough!! that's on life💯
If my parents ever asked to move in with me I would say, "I love you guys, but you're not moving in with me. I've got my own life now, but, I'll gladly help you find another place to live."
Agree with you dave!! Yes dont let them move in why because they dont want change if they wanted to change then yes help them but they will just be in another mess again!!
People that are emotionally attached to things at any cost while losing money and peace of mind AND burdening those close to them are the worst. I saw my best friend lose a decade of peace of mind to her parent's poor decision making about money and housing.
Hey Pete, I'm going to be tactful and say grow a set... Stand with your wife and unborn baby. They are your responsibility not your parents. Trust me, I understand you want to honor and respect your parents. You can and should with clear and healthy boundaries.
If you don’t set boundaries before they move in - it won’t happen after. Go for coffee in a neutral place (not ur home), talk in detail about costs, payments, expenses, boundaries, privacy and timeframes of their stay. Like you would any renter.
Really dumb idea. If he doesn’t have the audacity to make them sell their car and go on a budget, how is he gonna have the heart to kick them out when the time comes? He never said how long they plan on staying. What if two weeks in the wife ends up losing her mind. The in-laws may have conflicting views on parenting. Is he gonna put his foot down for that?
The main problem here is they’re retired. The retired life style is what they want, not the fresh out of college paying off student loans lifestyle. But that’s the choice they made.
"they're planning on moving in with us" - they way caller said this sounded like mom & dad TOLD him and didn't ASK Parents earn $125k (top 20% of households) but spend like they were in the top 5%
When my MIL asked to move in with us "temporarily" my husband didn't even ask my opinion. He said yes...LOL...So that month leading up to her moving in, I didn't complain or say anything, but boy did I pray! Every moment I thought about it, I prayed for some way for it to not happen. Well she didn't move in and she is still alive and the "crisis" wasn't as severe as it was made out to be. I was so relieved...However, five years later I finally revealed to my husband that that whole month leading up to her moving in I had every intention of leaving him with his mama if she started to make living there unbearable. Sons are loyal even in situations where they clearly don't have to be and their judgement can be clouded when everything is an emergency... I hope that couple gets through it all. Living with in laws might not seem like a big deal to some but when a spouse has bad intuitions about it, there is most likely serious problems lurking.
Hey Mr Dave, I don't have a financial question at the moment but I do want to thank you for having a clean show I can play on TH-cam with my kids so they can hear the stories that help me explain money with examples so they can have wholesome information about financial understanding
So they're refusing to sell their car, but he's willing to allow his parents to move in & mooch off he & his wife. Wow. I hope he gets some help- enabling is caustic, & will likely cost him his marriage. He should not care more about their situation than they do. His first priority should ALWAYS be his wife & unborn child.
This guy is going to be the loser in this deal, his wife will kick him and his parents out. Hopefully, she comes here to hear the video and read the comments! He's crazy to foist this on his family just when they've set their own path so solidly.
In case this guy is reading through these comments trust me from experience dude it’s not a good idea. They’re not getting out of debt. Living with you will just free up more cash for them to spend. It’s the hardest when it’s your mom & dad but you should tell them no.
Let me get this straight. They want to move in with you so you can pay their bills and they can keep shopping. These people are horrendous people. They would rather ruin their son financial future over selling a car? Wow. Run kid. Run from your toxic horrible parents. You're poor wife 🤦♀️
Wow! This is good advice. My mother (the hoarder who drives everyone's lives with insane) TOLD me some years ago that she was coming to live with me because she was broke. Uh, no. Actually, she had no life of her own and hates living on her own. She had money coming in. She just wanted to hand it all to my brother for his pie-in-the-sky financial schemes and blow whatever was left on junk while having us take care of her. No. Absolutely no. She somehow came up with enough to buy herself a condo and now lives in it with said brotherv and her hoard?
Sounds like my grandparents who have since passed on 😔 they lived beyond their means their whole adult lives and in the end had to sell their home, live in an apartment, sell their car, and had nothing at the end. Their children had to pay for their funerals. Just so sad.
Making $125k and need to move-in with their kid? Ridiculous🤦🏾♀️
Why did this man have to call Dave??? This is so silly! "They refused to sell their car." waaaaaaa....
Talk about being Losers !
They probably offered him $1000 a month and he could by a new car with it. Don't think he's being completely honest.
Sun Set lol
It’s a tough situation being that there senior citizens already!
70 & 65 - they are NOT going to change.
Oh, they can if they want to. They just sound demanding and selfish. I hope the son stood up to them. With $125 000/year retirement, they can make it in their own.
They will if they are forced to. People need to stop taking others responsibility. This guy is nuts if he let's his parents move in.
@@samanthasmiles9112 Plus it sounds like they just invited themselves..."We're moving in with you"...yeah, since when?
It might be that they are trying to live like they did when they were working and now are not earning enough to sustain that lifestyle.
They could probably rack up the debt when they work as they could cover the repayments, fancy meals, constant shopping, several holidays and probably buying the most ridiculous stuff.
I can bet you the mother has shoes she has never worn. There house repayment is not the issue either.
They are bound to have several thousand dollars per month available after the mortgage.
JDave Foster they will when they are on the street
He should be more concerned about the fact that his wife is about to file for divorce ...
How do you know?
I know right???
@@IWantToMature85 Because no sane person would let people who refuse to actually work on themselves and their debt, and will refuse to move out, live with them. These people are mismanaging their money in the worst way and allowing them to move in with this young, growing family will enable them to spend more. That extra money that was going towards their mortgage? Now it's going towards fun spending. (And yes, I do think they'll overstay their welcome). She's said she doesn't want them to move in and if he doesn't listen to her she's gone, guaranteed.
Edit: My mother has done something similar to my grandparents. She said she'd only be staying a few months while she found a place to stay that was her own and now she's been there over a year with zero plans to actually leave.
@@IWantToMature85 it's not rocket science. A woman expecting a baby does not want her in laws moving in after having her own place with her husband. She wants PRIVACY.
Walk into a barn and go handle a litter of newborn kittens. Pick them up ohh and ahhhhhh over them and then go check on them the next day. Chances are the momma cat will have moved the litter somewhere else. Same thing. Mothers don't appreciate intruders. And parents shouldn't EVER expect to move in with their children.
@@IWantToMature85 pull your head out, Zachy.
Dude your wife is right..
Listen to her
If your parents don't change
They will live with you for ever
They young couple has to make it INCONVENIENT for the parents to stay there too long. Whether they vacuum later in the evening, maybe something more subtle, but they have to try and make it uncomfortable for the parents to stay there too long.
@@lovethemflowers That's passive aggressive behavior, but it does work. I think parents do this to their adult kids, too..hehe
@Cali Prynce
Simple enough
We don't have room
@@lovethemflowers My aunt did some passive aggressive stuff so that her mother-in-law would refuse vacationing there. She would stop buying groceries and leave her fridge empty on days. She would cook once in a while despite being a good cook and let her mother-in-law cook for the family. Her mother-in-law was a good cook as well but she was expecting to be served and not to serve and do the shopping at her age. In other words, she allowed her mother-in-law to take over the house when she was vacationing there as my aunt gritted her teeth. Of course, it tired out her mother-in-law in the end. At least her husband did not accuse of her bumping head with his mother because the latter was allowed to run the house for the timebeing.
There needs to be a redefinition of honoring thy father and mother.
My parents would be too proud and too ashamed to even consider this.
Arie Fraiser as it should be. If they’re pulling $120K a year they can get their act together.
my parents are too proud to move in. but never too proud to get verbally abusive to shake me down for money. and they do that in the most demeaning way by comparing me to other friend's kids.
mine too
As would I. I'm debt free. I didn't know about Dave Ramsey but I (we)had common sense.
I would not only not ask for help from my children but in fact set them free from debt. All college paid for. Used cars paid for and paid for their insurance as well. Also 100% of their weddings and a down payment on each of their homes.
I ended up giving one of my homes (not the deed) to live in rent free for about 7 yrs. now.
I had in the deal that they pay for the property taxes. Never did they. They call for every little thing that breaks so we pay for it. Basically trashed the home that I worked so hard and with such love. I love this child with my whole heart, but it hurts to see such disrespect. Giving anyone something for free is never a good idea.
@@asadb1990 uhhh, really not cool.
Greedy, selfish parents. Do you know how many retired people would kill to have 125k a year? My husband and I only bring in 50 k but we are fine. We actually only spend about 20k a year because we have zero debt.
My poor retired parents barely scrape by. They don't even make anywhere near 50k and they would never ask me for a dime.
M J I made at one point 90,000 single guy. I was banking 10% and doing two vacations a year at age 35. I now make much less, but still doing ok with no debt. My mind is blown with these parents!
The problem is many people, young and old, do not like to live below their means or to delay gratification or to give up something to make ends meet.
@@shannon2748 that's pretty badass of your parents. I found out the hard way that it's one thing to SAY you won't ask anyone for help, and another to actually deal with a crisis yourself. I asked my parents to help me out financially recently, which is something I thought I'd never do. To refuse to ask for help even when they have no other options must be a testament to your parents' willpower
That household with disruptive parents and a newborn. Whheeewwwww-weeeee!
That's a NIGHTMARE WAITING TO HAPPEN!! Do NOT LET THEM MOVE IN!!
It is also a divorce on the way.
Right ! Don’t help your mother and father, let them live in their car cause you are not a human being! Regular normal human being should be helping father and the mother
@@Ashley-os1ce There's a difference between being broke because of expensive medical bills and being broke because you're stupid with your money. It is the same as the difference between charity and enabling.
@@amselsmith2518 I helped my Mom even she was an alcoholic, I didn’t want her to end up on the street. Was she stupid ? She definitely was, but it was my responsibility to help her. Even though I was broke myself at that time even though I was angry with her behavior. But if I didn’t help I wouldn’t be able to sleep at night . She gave me my life.
@@Ashley-os1ce Charity is not enabling. There is no amount of shaming or moralizing that justifies enabling someone's bad habits by paying for their stupidity.
“Do not let these people move in with you.” THIS is why I like Dave Ramsey. He’s brutal. And truthful.
LOL, I didn't think that was brutal...just DIRECT. The caller already knows his parents are a train wreck.
Never, never, never let anybody move in with you
My sister has 22 CREDIT CARDS, rolled debt into mortgage 2x.
She can NOT live on $10,000 gross.
Trust me : THEY WILL NOT CHANGE
DO. N.O.T. LET THEM MOVE IN !!
Too late.
They were already starting to move in, he said. 🤣
How did she open 22 credit cards?
@@shazz286 good question.
Good credit score.
shazz286 by applying for them genius lol
@@bangladeshirealtor
The question how did they obtain 22 cards. Applying for them does not give them the access to credit.
"Wherefore a man shall leave father and mother, and shall cleave to his wife: and they shall be two in one flesh."
Time to grow up and be a man.
He just needs to tell the parents the truth. They need to see an accountant who can do financial advice for them. They should be living the life with that $125,000 per year retirement.
Right now they should be debt free and living in pure luxury with money in the back spare as well.
He is being a man. It is his parents who are acting like complete children.
I agree. Don't let them take advantage of you. Your wife should come first.
He has a wife and a BABY to think about FIRST!! These parents are bad new. I bet they will try to cause strife between him and his wife. She and her relationship with his wife is at stake. He is willing to ignore HER wishes. Shame on him.
That's the best thing a man can do. Make his own manly decision as a real alpha. That's what makes him a MAN.
Radi Georgiev That’s what makes him a miserable idiot 😂
Those parents can still be straightened out as they have the income. They just need to be made to see the truth. If they then decide to ignore it the son needs to separate himself from them.
What he needs to realize as well is that his parents debt could affect him if they move in.
This is bananas. Who in this earth make $120,000 in retirement and is still broke. THAT'S CRAZY. Parents or not they WOULD NOT come in my house. Like my parents use to say. You're grown you figure it out.
If he was in this situation then his parents would help him so why can’t he help them? They have done a lot for him.
Mya Mya can’t really generalize like that in this situation. Maybe his parents have done a lot for him which is why he’s okay returning the favor. Many parents do a lot for their kids into adulthood
Amen sis
@@IWantToMature85 do you think that letting them move in and having that extra money to spend is the best way to help them? Or them actually remaining independent and fixing their finances? You don't think 2 ppl should be able to live off $100+ grand a year? The fact that they earn that much in retirement means they made a ton of money in their working years. Dont you think $125+ grand a year is a large sum for a retiree? Considering they dont have to work so there are no work related expenses like gas, or lunch or whatever. They dont have under age kids. And as a married couple they can downsize to a smaller place (at $2500 a month mortgage sounds like a lot of house for 2 ppl).
Zechariah Cameron do you know how many couples would love to make 120,000 and NOT WORK! That is some serious cash for a childless couple! I make little more than half that and I’m single doing good. Sell that friggin house and live in a cheap apartment, not live with other family members. My mind is totally blown with this!
If you let them move in,that means they will no longer have a mortgage payment. That's extra money for them to spend. Don't do it.
That’s the parents thinking exactly.
O goodie more money to spend. LoL
And then they’ll spend the caller’s money
ooops!!! they've already moved in. Now he has to MOVE THEM OUT!!!! What are the chances of THAT happening???? NOT!! The wife is moving out before his parents.
This!
Lol you're probably right.
Total train wreck
Ive been talking about Dave Ramsey to my parents here and there. Trying to get them to jump on the bandwagon but not being pushy cuz I know they are not in a great financial. Ive been telling them about how in 2 months we will be debt free and how we will only use cash now. Out of nowhere my dad tells me he paid off 2 store credit cards! He was so excited and I realized he has really been listening to me.
THATS AWESOME.
Thats amazing I'm glad you have been helping them.
Call Dave and let him know 🙂
I’m glad!! I hope my dad listens to me too!!
Great job!
This man has no respect for his wife. Also, I don't know why he called if he wasn't going to take Dave's advice. And once they are in the house, they will not move out.
Look at the terrible position he’s putting his wife & soon-to-be new baby in! -b/c I see the wife moving out, with the baby in tow. He’s sacrificing his own family to enable his parents’ spending addictions.
If the wife is already thinking this isn't a good idea, imagine how she'll feel about it after a week of sleep deprivation from the baby's frequent awakenings. The couple will have a tough enough time adjusting to the new baby. They DO NOT need parents living with them. Like the husband said, they value their privacy. Now he has to make sure those parents know that and that this will be a very temporary situation.
At least the son DOES know the details of his parents' financial situation. Lot of kids aren't sure what the parents income is or how much debt they have.
And the parents are selfish a-holes to knowingly impose themselves and their bad choices on their son and his family.
My wife and I are 73 and we get by just fine on $80k per year. We actually save $600 a month because we don't know what else to do with it, though we did give away $3000 to charity so far this year. These old people are nuts!
Refuse to sell your car, refuse to do this, refuse to do that, we cannot change our spending...I am refusing your request to move in with us. Love you parents, but not gonna happen, never gonna happen. Figure it out on your own...you have the income to fix things if you get on the slash and burn, beans and rice plan.
ChicagoTRS - SNAP! Truth.
The wife will leave him if he allow his parents to move with them. He is a papa&mama’s boy. He need to put BOUNDARIES in place. His parents are a mess.
He's going to let them move in.
Ikr. Wish I had some popcorn.
Intergenerational living is fine but these specific parents sound too stubborn to make it an enjoyable experience
I bet she will file for divorce if he lets them stay too long.
And they'll never leave.
Gumardee coins and banknotes she should forgive him. He’s trying to help out his parents.
Your parents are no longer your priority when you have a family of your own.
well maybe not quite like that... but in this situation.. true! If they are not in good health and have a place to live or need help with things then yes, but being a leach.. nope!
I agree. I would never put my kids through something like this.
@ GL I am giving you a 👍because you support the best priemer league team. Love from NYC.
We beat Real Madrid !!!!!!!!!!!!!!!!!
@@lilbean4606 yes we did. Still nervous though. I want city to win the CL so bad.
125k per year, they should have a house PAID OFF in retirement.
I like how Dave immeduatly started to end the call when he realized their was no hope for this guy.
"Well what do I do when they move in?"
"Dude, I just told you to not let them in."
"Yea but..." music starts to play as the camera fades out. 😂😂 Cant help people that want to drown.
New baby on the way?? DO NOT LET THEM MOVE IN!!! It will never end and they will take you and your family down with them!!
I am so happy I am not this man's wife. These parents are horrible. People starving in the world and they are trying to take down their children because they dont know how to live off of $125,000. Enabling hurt people. If he takes in his parents, he is a part of the problem.
He’s making all kind of excuses for his irresponsible parents. When the in-laws becomes outlaws, I’m sure his marriage will definitely hit some turbulence.
He loves his parents
@@getbuckets5718 more than his wife. Parents have to grow up and learn to stand on their own 2 feet.
@@getbuckets5718 Which is nice, but he's about to start enabling their crazy spending habits at the expense of his own family!
Way back when (many years before Dave Ramsey) my in-laws ran into some financial difficulty and moved in with us. They did move out but it put such a strain on our relationship that irreparable damage was done and things were never the same. DO NOT ALLOW THEM TO MOVE IN WITH YOU. If you do, you'll be sorry.
He's going let his parents move in and his wife will leave him. How can he not see that?
Exactly, especially after the parents try to tell them how to parent the baby and treat them like children.
I’m 77. I’ve been living alone almost 20 years. My only income is Social Security and I have a five month emergency fund. I started planning for retirement five or six years before I retired. Biggest thing was waiting for a subsidized senior apartment that was under construction. It’s a lovely complex. Meanwhile got the car and a few other debts paid off. I have zero debt, my rent with utilities all but cable is $350. The market value would be $1200. My point here is if you don’t have a pension, you MUST plan ahead. The wait list on housing can be five years. Yes, there are sacrifices. I forget what a restaurant looks like and don’t remember my last vacation. My funeral plans are paid down to the cost of opening the grave. Taking the grandchildren to a movie is a splurge. “Impulse spending “ isn’t in my vocabulary…..and my credit score is 822. I can promised you the parents will come,then the baby will come and then the divorce papers. They created this situation. Find a senior center with someone can advise them because they sure aren’t going to listen to you.
This can only lead to disaster because they will never leave. I wish you well…..
.... I don’t even make 1/8th of what they make and I’m sustaining a 2 1/2 person house hold and running an online business and still managing to keep my expenses at a low. They need a reality check. Don’t allow them to move in.
Brian Velez 2 1/2 people? That sounds a neat magic trick.
Where does the other half stay?
Cassette Walkman him, his wife, and his kid. Sigh.
@@DiscoFang a kid or baby most call 1/2... duh
Dayum an 8th of 120 grand is 15 grand holy cow dude
Looks this guy needs to go to Walmart and pick up a spine and two testicles.
Exactly
Luminous maybe you’d have a better chance in the black market.
But he was so good to set up a budget for them. That's kind of neat. But I wonder where he gets his values from (financial ones) because they seem to have skipped his parents? Does he get the values from an uncle, etc?
😭😭😭😭
Wow, Dave Ramsey be giving the hard cold facts!
TELL EM DAVE
Pete needs to learn the ancient word that will set you free: "NO."
Move into senior apartment. $600-700/mo rent.
There income is to high
Not qualify because of their high income.
Where are their apts for 700..not in ny
@@mariejones7136
Michigan has plenty of senior apartments for under $700-800/mo. There's no income restriction either. This is just plan apartment, not assistant living. My mom lived in one. $650/mo. One bedroom.
@@AnnMitt Michigan is way too cold for me lol..
Literally the moment he says mom n pop wont sell their car
YOU WILL NOT LET THESE PEOPLE MOVE IN WITH YOU.
I love dave so much
Call and ask for advice, hear the answer, still try to justify doing it your way. Genius.
His life is about to take a turn for the worse if it hasn't already.
A traumatic brain injury took me out of the workforce at 54 and I manage to live on a whole lot less without the help of my children.
My parents would sooner be homeless than ask to move on with me ESPECIALLY if they were making money like that. I just dont understand people.
He'll call next for divorce advice and child support!! Hope he really enjoys mommy and daddy.
This will destroy their marriage guaranteed
Sunamer Z nah man they’re already divorced
Anyone else notice at the end when Pete tries to respond but Dave presses the "mute" button? Lol!
😂 I went back to see it
That's an excellent tool one that's needed in a lot of these call-in shows
This is insane. The world has a terrible financial literacy problem. It's amazing how many people have GOOD money coming in, and they still manage to burn it all.
I once was tasked with going through an ex-executive's email records at the company i worked at in order to find some of his old files. Among his work emails were also personal ones. Guy was making over $400k/year and most of his emails to his wife were about how they weren't sure they were going to be able to pay their bills that month. The country club they belonged to ran them $700/week, but removing that expense was "off the table". Insanity.
They will never leave because he does not have the strength to tell them no.
These children being guilted by their parents to solve their problems make me so angry I could spit! Arrrrrg!
2,500 for mortgage isn't even that much if they get 125K per year, and a 15K car is cheap. What are they spending on? He saw their spendings/budget but didn't tell us the whole story clearly.
Ohh I’m listening to this episode right now on the podcast! 👍🏽. Great work you guys out at Ramsey Solutions! 🙌🏽. Do not let them move in! AND ABSOLUTELY LOVE THE RANT THAT COMES RIGHT AFTER THIS SEGMENT! 🙏🏽
When it comes to two adult women in the same household, there can be only one boss.
My brother has been hopping from relative to relative because he lived an out of control lifestyle. No way would I let him move in with me.
When the caller said he and his family got out of about 100k of debt in 4 years rly got to Dave. I think he was reminded why he does this. So sweet.
Don't let your parents move in. My sister and her husband moved in with my parents and they NEVER moved out.
Trying to be a good son... ends up failing as a dad and a husband. Brilliant.
Mugen Good point
Soooooooo his question was should his parents move in.. Dave says no and now his question is since they are moving their stuff in what's the best plan??? He knows the answer he is not going to follow it though.. like why call .... why???????
As soon as he said they already moved in some of their things..the music started to play 🤣😂
Narcissistic parents have strong holds over their kids.
Well he lied right from the get go. He said they were planning on moving in when it turns out the reality is they're already moving in. He clearly finds it easy to lie to himself about the situation. Not good.
Parents raise kids, put them through, pay for college, put them through sports, etc. Nothing is wrong with him helping them out
Zechariah Cameron by helping out do you mean enabling their bad spending habits?
125k in Ohio/Kentucky is plenty.
I make less than that in the Bay Area, and I'm getting along better than those parents.
"They've already got some of their stuff moved in." Put it on the porch, or a storage unit. Good luck getting them out once they move in completely.
It will be standing room only when they move the REST of their stuff into their home and with a new baby??????? Divorce papers already being typed up!!
I don't see the point in taking in people financially capable of taking care of themselves.
Unfortunately, Dave gets call all the time that involve families or individuals that don't know how to "get by" on six figures. The debt epidemic in this country has infected the minds of too many people.
There's something seriously wrong if you can't "get by" on a six figure salary. You should be living the life of King Midas.
He is definitely going to let them move in out of guilt. And I bet it's his mother that's driving the move. They are going to ruin their marriage and traumatize his baby. This man is so weak that he can't protect his wife and baby. This is a disaster waiting to happen.
What is so bad about helping about your parents? They’re the reason why you’re here and have helped you out. Only an ungrateful kid wouldn’t help them
@@IWantToMature85 Your own family is more important than your parents.
What his parents are doing is toxic.
@Heather Tinniehill my first thought when I heard this: Pete - grow a pair of balls.
@@IWantToMature85 It is the job of a parent to help their kids grow up. it's not the job of a child to help their parent's grow up.
The parents need to downsize to a small apartment..they should stay out of the son’s house. They are expecting a new baby and the peace and serenity of the home is the most important thing.
This is absolutely ridiculous. My wife and I are in our 60's and we are on our owns.
He hung up on him 😂😂
..."cause you're not strong enough..."
2:47 agreed, we can physically move people. but until they mentally move themselves. you really can't help em until they want it bad enough!! that's on life💯
With all due respect to the caller, they've got you fooled man, they want you to co-sign their bad decisions.
If my parents ever asked to move in with me I would say, "I love you guys, but you're not moving in with me. I've got my own life now, but, I'll gladly help you find another place to live."
Crazy. Letting them move in is just gonna have the effect of them getting a pay rise. They'll just increase their spending.
Agree with you dave!! Yes dont let them move in why because they dont want change if they wanted to change then yes help them but they will just be in another mess again!!
People that are emotionally attached to things at any cost while losing money and peace of mind AND burdening those close to them are the worst. I saw my best friend lose a decade of peace of mind to her parent's poor decision making about money and housing.
His parents prob guilt trip the heck out of him....shame on families that do that 🤮🤢
Hey Pete, I'm going to be tactful and say grow a set... Stand with your wife and unborn baby. They are your responsibility not your parents. Trust me, I understand you want to honor and respect your parents. You can and should with clear and healthy boundaries.
If the parents move in, they will never move out. They will simply spend more money now that they can.
Don't let them move in if you want you keep your sanity
If you don’t set boundaries before they move in - it won’t happen after.
Go for coffee in a neutral place (not ur home), talk in detail about costs, payments, expenses, boundaries, privacy and timeframes of their stay.
Like you would any renter.
If they move in, they will never move out!
Really dumb idea. If he doesn’t have the audacity to make them sell their car and go on a budget, how is he gonna have the heart to kick them out when the time comes? He never said how long they plan on staying. What if two weeks in the wife ends up losing her mind. The in-laws may have conflicting views on parenting. Is he gonna put his foot down for that?
The main problem here is they’re retired. The retired life style is what they want, not the fresh out of college paying off student loans lifestyle. But that’s the choice they made.
"they're planning on moving in with us" - they way caller said this sounded like mom & dad TOLD him and didn't ASK
Parents earn $125k (top 20% of households) but spend like they were in the top 5%
When my MIL asked to move in with us "temporarily" my husband didn't even ask my opinion. He said yes...LOL...So that month leading up to her moving in, I didn't complain or say anything, but boy did I pray! Every moment I thought about it, I prayed for some way for it to not happen. Well she didn't move in and she is still alive and the "crisis" wasn't as severe as it was made out to be. I was so relieved...However, five years later I finally revealed to my husband that that whole month leading up to her moving in I had every intention of leaving him with his mama if she started to make living there unbearable. Sons are loyal even in situations where they clearly don't have to be and their judgement can be clouded when everything is an emergency... I hope that couple gets through it all. Living with in laws might not seem like a big deal to some but when a spouse has bad intuitions about it, there is most likely serious problems lurking.
I need to rewatch this from time to time to remember how blessed I am having the parents I have
Hey Mr Dave, I don't have a financial question at the moment but I do want to thank you for having a clean show I can play on TH-cam with my kids so they can hear the stories that help me explain money with examples so they can have wholesome information about financial understanding
So they're refusing to sell their car, but he's willing to allow his parents to move in & mooch off he & his wife. Wow. I hope he gets some help- enabling is caustic, & will likely cost him his marriage. He should not care more about their situation than they do. His first priority should ALWAYS be his wife & unborn child.
T. Girl parents are always there for their kids so he’s returning the favor
@@IWantToMature85 they can get help from a distsnce...
This guy is going to be the loser in this deal, his wife will kick him and his parents out. Hopefully, she comes here to hear the video and read the comments! He's crazy to foist this on his family just when they've set their own path so solidly.
He asking for his marriage to break up. I would take my family if there was a need bur this is crazy.
This guy on the phone sounds like he's 500lbs and can barely breathe.
In case this guy is reading through these comments trust me from experience dude it’s not a good idea. They’re not getting out of debt. Living with you will just free up more cash for them to spend. It’s the hardest when it’s your mom & dad but you should tell them no.
If your parents help you then you should help them
Zechariah Cameron fine line between helping & enabling.
@@IWantToMature85 Why are you under every comment posting this nonsense?
I pray this man says no to these parents. They are going to take themselves down and everyone with them. Enabling hurts people. Just say no.
This dude needs to be a man grow a pair and nuts get his house in order and do not let those parents in and I repeat this is not a drill !
I learn a lot experience from you thank you
Let me get this straight. They want to move in with you so you can pay their bills and they can keep shopping. These people are horrendous people. They would rather ruin their son financial future over selling a car? Wow. Run kid. Run from your toxic horrible parents. You're poor wife 🤦♀️
Dave you answered this man question great. .
130K in Cincinnati is plenty. If they move in they are never moving out.
Put their stuff into storage and help them find a place they can afford.
The real question is why do you have a house payment at 70 to begin with?
These people😭😂😂😂 Dont let your parents stress you out
Lol, if I were this wife I'd be running in the opposite direction in a heart beat.
Wow! This is good advice. My mother (the hoarder who drives everyone's lives with insane) TOLD me some years ago that she was coming to live with me because she was broke. Uh, no. Actually, she had no life of her own and hates living on her own. She had money coming in. She just wanted to hand it all to my brother for his pie-in-the-sky financial schemes and blow whatever was left on junk while having us take care of her. No. Absolutely no. She somehow came up with enough to buy herself a condo and now lives in it with said brotherv and her hoard?
Amazing how many people are financially immature.
If you value your marriage, don't let them move in! It's about time they grew up!
Sounds like my grandparents who have since passed on 😔 they lived beyond their means their whole adult lives and in the end had to sell their home, live in an apartment, sell their car, and had nothing at the end. Their children had to pay for their funerals. Just so sad.
I just realized that Dave Ramsey is the responsible person's Jerry Springer 😂
I wish I would have heard or someone tell me thos b4 I moved my family in. It ended in me filing an eviction