Now Is The Time To Turn Your Financial Ship Around | January 8, 2024
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- The Ramsey Show (January 8, 2024)
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The personal finance class is fantastic. My daughter's school has it and she just finished it. It was amazing how well it sat with these kids. Such an important age to learn these skills. Our area is very recessed, 30% at poverty. I am digging out of my debt and she is all into it and we will be paying her college with CASH. She is saving up and we are too. Reasonable state school she can live home to attend. I will change my family tree and now I know because of this class she will continue it forward.
I'm so happy for you and your daughter! Depending on her career field, is it possible for her to get a part-time job in her field where the company might offer tuition assistance? Dave has mentioned that and I had never heard about that before.
@@brookelondon8029 She is doing graphic design. She is doing that now for her instructor in high school. She also plans to get part time job at local gas station next to our house. Thank you for your comments.
And scholarships and grants! There are SO many out there. Use those internet sleuthing skills, find and go after that free money!
The first caller sounded ridiculous. The audacity of calling another woman “crazy” and “money-hungry” when it sounded like she never pesters her husband. He has a legal and moral obligation to take care of his children. Wow.
I completely agree, she sounded unstable, ignorant and, also, she literally married someone's trash so that says quite a bit too ❤
Sounds very young and naive.
He probably would have been better off staying with his original wife.
Agreed. She sounds extremely immature.
A horrible woman. The ex-wife doesn't pester the father of these children. The mother is not crazy or money-hungry!
Christian, my son graduated Navy boot camp in September. You got this! Thank you for your call. I’m going to pass Dave’s info onto my son. Sending you support and appreciation from Michigan!
Regarding the child support question, they aren't totally correct. It's really a state by state thing. Granted, I am on the other side of the coin, but in Illinois, if I get married again, the state WILL take my new husband's income into account. Illinois takes the parents' incomes and splits the child support based on percentages and majority custody. They will assume my expenses are lower because they are now shared with my new husband and my ex would get to have his child support amount lowered. It's the #1 reason why my fiance and I aren't getting legally married until after my kids are grown. My fiance has 3 kids of his own that he dutifully pays child support for, and neither one of us thinks it's fair that his income would be supporting 6 kids. My kids dad should do his duty regardless.
From what you said, your income would also be used to pay for six kids.
WAY TO GO, Samantha from Dallas!! So proud of you. :)
Thank you Dave for the advice and having me on the show!
That’s the ultimate mic 🎤 drop- paying off your debt and immediately retiring! 💪 🔥 Love it! Thank you for the inspiration!
Samantha you are a blessing- you rock!
I look forward to creating my EveryDollar budget every month. I’m definitely a nerd and love playing with the numbers!
I discovered Dave when i was 16. Now im 26 and planing to retire by 50. I already bought three properties Cash!
How did you earn so much cash in 10 years? Curious
Awesome job Samantha!! 🎉🎉🎉🎉
This young lady inspires me. Way to go!
Samantha, what an amazing testimony!!! Love it! Congratulations!
Yes Dave, I know this myself 4 years ago before my retirement. Having a personal finance class/seminars are fantastic. I can't lead anyone into investing without an advise to look for an advisor. I have my investment with an advisor now for 4 years and it has been amazing 4 years for me.
Investing now without an expert guiding you, is dangerous, yes, most market needs a good analyst.
The technical analysis expert I admire the most. Her risk management tactics truly deliver results. Linda Sue Baier program of expertise has a wide presence across the internet.
@@AmoretteMurwin Technical analysis goes with an advisor and am not surprised that you mentioned Linda Sue Baier, because she is the among the best advisor we have in the world.
@@joshuatatah1820 And one good thing about Linda Sue Baier is not only the way she analyzes but you are sure and secure of getting your monthly return from her.
One can actually acquire knowledge anywhere. This is a proof, just get to know about Linda Sue Baier in here and also typed the name and it showed up. I will drop a message to her after this.
Man, Christian I was your age when I joined but wasn’t half as smart. If you manage your budget and follow these principles, you are going to have the easiest military transition whether you do 3 years or 30. So proud of you.
With world markets tumbling, inflation soaring, the Fed imposing large interest rate hikes, the treasury yields rising rapidly, markets manipulations, and many other factor makes me wonder if people still make profits from all these investing BS.
Hi Mike, your profit margin is quite inspiring and stunning for a starter; do you make use of spreadsheet, what is your biggest holding
it's pretty easy when you understand the market pattern. Buy the dip of good companies. lol.
I have. If you get a good financial planner who knows what they are doing it’s not bs.
My 401k grew by 23% last year. And that was 60% invested in large cap, 20% each in mid and small cap. So, yeah…people still get money via investing.
I am
I’m definitely side eying that first caller
The way he just hangs up on everyone is hilarious
You absolutely do pay child support based on both incomes (depending on the state)
Way to go Samantha! Keep growing in God!
Samantha is my hero ❤️ congratulations 🎉
I find it hilarious that a new roof and a new furnace are dream killers because it's an old home. Like newer homes don't need the same thing! Geez, if there were foundation issues or something like that, then you'd have something to complain about!
I live in a 100+ year old home. They have their good and bad points, but unless you're buying something brand new, you're going to have things that need replacing/fixing.
So grateful for the solid financial advice.
Wow Dave giving the heat, i really feel it!
In some states if you get married the child support is based on the income of the married couple not just the guy for not just the woman who is non custodial.
And thats why men are avoiding yall like a bad fungus…😢😢😢even when you stuck on side of the road😢
I wish you do, no need for dead beats. @@FreethemGuyz
Dave should not give advice outside of his sphere of knowledge. There are three basic child support models: Income Shares Model (41 states), Melson Formula Model (3 states) and Percentage of Income Model (3 states.) Her state is the Income Shares Model - but their situation may also depend on what state the parents were in when they divorced and also where the custodial parent lives. What I CANNOT figure out about this show is that George is sitting there with a computer which he CLOSES when the show starts. (Must be the policy not to be online during the show.) If he had been able to OPEN that computer, he could have checked this out easily. No one knows everything. As the show expands into areas beyond strictly financial, what is the problem with looking up something on the computer during the show?
Came here looking for this comment. They were incorrect on this one. It's dependant on the state
@@FreethemGuyzSilly person! My female friend pays child support
Yea dave Ramsey u amazing person as ramsey myself i struggled lost Everything pray me
I wish Ramsey solutions served Canadians too. I'd give the same advice to other military members here.. Dave if you are looking to branch out to America's hat you let me know 🇨🇦
Sir how much do you earn? Plz reply. Thanks a lot.
My wife and I finally got to 500k in retirement and investments. thank you lord
George is the only cohost that is not a dave puppet. He does really well and has his own takes on things and fun phrases.
Agreed ! I love the arguments they have on 401k retirement: 3 to 4 % prudent withdrawal ( George's take ) vs David's 8% . David goes ballistic if u dare to contradict him .
I don’t think that’s fair. I think it seems like all his cohosts agree with him a lot of the time because there’s a formula to what they are saying and what the plan is. So it’s easy to see the path of how to get from A to B. All the cohosts share their insight, life experience and give their particular advice.
Found the show by accident last week and can’t stop watching it ! Very impressive! On the other hand, I am wondering how to pay purchase in this digital world today without credit card? Using debit card? Is it okay to use debit card based on Ramsey’s money theory?
Yes
If close all credit cards and using debit card, I feel the same as using credit card end up buying things without hesitation. Also, cash pay is inconvenient in lots of situations and not good to carry it around. What should I do to change my mindset? Thank you !
@@jingzhai5582you should do a detailed budget before the startof the month(the everydollar app actually is very good for that) and stick to it. If it is not in the budget, you cannot make the expense. There is no magic secret
Try it
Congrats Samantha!!!
George is so witty 😂 always throwing in those nuggets
He's gotten a little cocky
I bet the "Whole Life Insurance Companies" really love Dave and George!!🤣🤣
Dakota from Texas. Stop making excuses. Get. It. Done. Go, girl!!
Right? I worked 70 hours a week to get out of debt and it was totally worth the temporary sacrifice. It did help though that I actually liked the job and looked forward to going because it was more fun than my actual 9-5.
Gerber Life Insurance has pamphlets at hospitals for new parents. I was given them when I had my kids.
Ah, whole life.
Go Samantha! 👏 PTL! Now that’s the type of sister friend I’d want ❤
Sounds like caller #1 is waking up to what it means to be married to someone who has children from a former wife. Don't want these kinds of issues? Don't marry someone who already has been divorced and has children from that marriage.
She also sounds really young... Not worldly at all...
I have plenty of people in my life that did this; it’s called being adult and it will all be alright. Lots of exes are a MESS, but a mature woman can handle it. Especially when they love their husband/wife
Easy as that
@@ThePolypam Yes!
Yeah and it didn't sound like the ex was really "money hungry." Maybe she just hates the ex for some reason. I also think she could've just Googled that question.. idk
@@ses-ei7ocShe admitted that the ex-wife has never contacted them and never demanded money. If she's calling the ex crazy based on what her new husband told her, she should remember that he's a biased source. The ex is leaving them totally alone, which suggests that she's neither crazy nor money-hungry. Expecting the father of the children to pay toward their expenses isn't evil.
The caller about child support needs to see an attorney because some states take into consideration the income of a spouse. It is unfair but it is reality.
How is it unfair? The premise of basing it on income and having exemptions is to leave the non-custodial parent enough to live on. If that parent has other means of support so their living expenses are reduced (example spouse paying half the rent or mortgage) then why shouldn't that be accounted for?
Pay for your kids deadbeat
Gerber Life Insurance has pamphlets at hospitals for new parents. I was given them when I had my kids.
Austin could work at a hospital prn and make enough to live on, even one 12 hr shift a week, while in school.
Absolutely plan on that👍🏼👍🏼
Austin is rolling the dice 🎲
That's a risky move, especially with a wife and baby
Absolutely. It’s a risky move and tough situation not being able to work in school. Dave had some good advice.
“Go make a pile of money” as he and the wife miss out on the first 3 years of their child they’ll never gain back. Sacrifices, I get it. But the idea is tough!
Just preordered Kamel’s book. 🎉
Thanks for the support!! 🤠
I’m from McKinney!!! Hello Samantha!!
As i am based the other side of the atlantic i am unable to call ramsey for advice.
Would you sell your stock investment and thise of the kids to increase the downpayment on a house? Thinking yes for investments but keep emergency fund intact.
Greetings from Switzerland
Dakota is not listening.
The hardest question to answer:
How do you save up for transportation while continuing to work?
- I think this is the root behind the car loan. If you dont have a car, it is more difficult to get to work. So it is easier to take out a loan, and say this is my saving for a car. But that becomes a slippy slope, that leads to credit card spending, and other debt, to the point where all of your income is accounted for, and you have no money for anything else, like food, and its even easier to do that of you are a low wage worker.
Transportation is easier when there is a public transportation option, but if there is no public transportation option, you are limited to walking distance, or ride sharing with coworkers. A lot of people find themselves stuck in this situation.
Loved "Scarcity Brain!!"
To the RN: do PRN!
Drink every time George makes Dave laugh (it’s not often)
The first call 👀
I am registered! Just wondering if we will get an email with a link to join or how this will work?
I was wondering about that too.
Samantha you are amazing!!!
Somebody ought to put that first caller in her place. Briefing answers calling the mother of his children "money hungry and crazy" is wild ,when that woman has never contacted you.
If the dad has custody then the mother should pay child support too, but most of the time they don't.
The family court system is skewed in favor of the mother. She could be a terrible parent and still get custody nearly every time. I've seen it happen and it's wrong
What data are you basing non-custodial mothers usually not paying child support?
@janise01 based off guys that I know not getting squat from their ex.
One friend of mine got a call from CPS to come pick up his son from the hospital because his ex who had custody overdosed and was in ICU. 2 weeks later CPS showed up at his door to return his son back to the mom's custody. The same mother that had just nearly died from a drug overdose.
He took her to court for sole custody and the judge threw it out.
So that's why I say the system is rigged in favor of the mothers and dads get shafted
It is unreal to me how people stating that are making $150K a year are calling with so basic common sense questions...like if they are little kids. How is possible, I understand NOT knowing finance, but the common sense of these high earners is unreal....who is hiring them and paying them so much money?
George!
I divorced and sold my home. Now I have cash in high interest rate savings account. Feel vulnerable not owning a home but waiting for home prices to drop. Living with a partner who rents. Not sure what to do next
Got your debts paid off? waiting to buy means you'll be paying more not less for that house, so if you're scared to buy today, pay off everything else and start saving, housing prices don't go down
How does cashing out retirement to pay for investment property work? Ive heard that u can do so w/o tax implications.
That Michigan debt free scream does not have enough in their nest egg. Unfortunately they are going to regret retiring so early. They need to work for at least another 5 years and save as much as possible to try to get that up. They are gonna have to live on 20k a year. That's no way to live in retirement 😢😢
No your money your money
Courtney sounds like the crazy one lol
1st caller seems super young and naive. Shes just taking whatever the husband says as gospel
Dave was confusing "The Christmas Story" with "Home Alone" for the question regarding the furnace.
No, in the Xmas story the father works on a dieing furnace that makes all kinds of noises.
Ohhhh. I hated that movie, so I didn't remember that part.@@myahsmybaby
Dying furnace
@@pamsmith1665 I didn't know u were spell check. Good 4 u!
@myahsmybaby try to get a grasp of the English language.
Does she have identity theft protection with her bank? Norton Life Lock is a wise investment.
I don’t like the way the new wife called.. she seems like she’s the money hungry one.
3# caller, should really think about, does the beach home, have a good foundation? Otherwise, it might be falling into the water.
Agreed. Beach houses are such a pain to maintain and worry about if you are only visiting a week a year. Unless you spend a lot of time at the beach, better to rent when you actually need it.
lol no Ken Coleman at the livestream?
Courtney what the hell kind of question is that
Christian freedom isnt free, thank you for mine ❤🇺🇸
Sell the mountain home and the Bay area home and buy cash your beach home. Live happily ever after. You can also sell the bay area home pay off the mountain home and buy your beach home. You have options toy homes are not needed. Go stay inn an airbnb when you want to get away. Why you have to own all these homes. God bless stay gold❤❤❤❤ijs
The guy with the personal training place….this just sounds like something he enjoys doing. It might not even be about the money for him. Doesn’t sound like it
1st Caller, Make sure the husband requires the ex-wife has to give them, an itemized list where the child support is being spent on and what for. Otherwise, nobody will know if the EX is blowing it on herself.
Yeah-that’s not a thing.
Yeah no. 1st, most people don't get enough child support to blow on themselves. 2nd, child support is usually a reimbursement from money already spent. A kid still needs food to eat on the 12th even if she check doesn't arrive until the 20th. 3rd, that's just simply not a thing.
🤪🥴
Just because she makes a theoretical list, doesn't mean that's what she's actually using the money for. Plus, I don't think that's how it works
The monthly expenses were considered w child support when divorce was finalized.
A retired husband (already 200k in debt)wants YOU (the only 1 bringing in the bacon) to mortgage your paid off home ? These callers are getting more and more out of order
😂…it’s the reality….😂….
Sorry but the first caller annoyed me. She has some growing up to do.
First caller was a waste of space.
Big waste of a call to start off.
S&P 500
Bitcoin
Gold
Cash emergency fund.
Live & let live 🙌 ✨️ 🙏🏼
I disagree the term insurance. Due to the point, I gave the VA monthly payments, and when I retired, it was gone. Due to the point, they wanted to raise the premium to many times what I was paying, whiile serving, so all the money was gone also. I'd rather just put it into the one you call Roth and keep it building for the future.
What? None of what you said makes any sense.
Term insurance only pays out when you die, not when you retire.
You don't make enough to pay off $300,000 as a nurse anesthetist. That's stupid. Or maybe I heard him incorrectly.
Samantha was cringe.
Stop calling the ex “crazy”. There was no info provided that said she was crazy. The new wife sounds whifty
She lives in the USA. That's evidence of crazy right there.
Dave if I followed your stupid advice about not buying a house, I wouldn’t have a house now.
Dave running your mouth 20 hrs a week ain’t construction
You have basically been retired for 30 years 😂
Dave is wrong about child support. Child support court routinely miscalculates. I read laws to the magistrate in court and the ruling was against the law. Never pay child support through the court. Anyone who trusts the system never had to. If you have children outside of a marriage, change your name and move to a different state.
2 hour show. 30 minutes of content. Hour and half of ads/ promos. The dude with the glasses is weird
Normal is broke. I’m okay being weird.
@@GeorgeKamel touche. Thank you for your reply
@@GeorgeKamelHow do we know he didn’t mean Dave? 🤓
Can't wait for George's book to get to my library! Our library system has ordered it, and I'm 17th in line on 4 books. They offer a special, discounted rate, as well...it'll be FREE!🎉
I just loved Samantha’s story as well as her positivity. How fantastic is she! Congratulations, Samantha! 🎉
Thank you guys again for having me on and telling me the hard truth I needed to hear.
And you can't assume that the ex-wife is a horrible person like your tone indicates.
Such a sweet young 18 year old hoping to make it through good camp and hoping to not get discharged because of injuries etc. He is such a darling.
Boot camp
@@Joce123you good, Joce?
@@chief5981 Right? Who is she talking to? Lol
I speak from experience - yes, if he has gotten remarried and the new wife is working, the courts can increase his support. It's not fair but it is what it is. The 2nd wife needs to file income tax separately not jointly
The lady who is disabled: why can’t the husband get a decent paying job, then pay someone else minimum wage to watch her while he’s at work?
Samantha, congratulations for finding, accepting, and following Jesus Christ. 🙏
U know when I'm going to use credit card debt again right at the end of Nevuary
Thanks for all you do! You’ve changed my life and I’ve become an instructor and helped change the lives of three other families!
Thank you, Samantha, for your light! You are such a great example of a disciple of Christ! Bless you!
The first caller is clearly a young child like adult that just married a older guy
First caller is the real "money hungry" in that equation.
Here, I'll save you all some time. Here's the Dave Ramsey Advice:
"What you need to do is MAKE MORE MUH-NEY. Make more MUH-NEY, stop spendin' so much MUH-NEY and get outta DEH-YET."
There, I just saved you 2 hours, 3 minutes and 45 seconds.
I'd rather listen to Ramsey yell at idiots.
@HawkGTBoy Words to live by. You’re not wrong.😂
I love how Lanna put it with the podcast; "it was a lifeline" during their debt free journey. The show (via podcast for me as well) has kept me so motivated.
Agreed!! When I got laid off in December I couldn’t listen to the podcast anymore because I felt so hopeless, but plugging back in and watching the debt free screams has given me a glimmer of hope during a stressful season ❤
@@alexisballard1459 good luck with your debt free journey from here! I’m sure you’ll land on your feet.
I have the download of Breaking Free From Broke by George Kamel. Great READ. Lots of information. I am in the the last chapter and he is wrapping things up. It is EVERYTHING RAMSEY+++ in one place. It has psychology (Delony), budgeting (Cruze) and chapters with musical undertones (Jade). It is the WHOLE crew in ONE book. You need to buy more that one and send it to EVERYONE you know.
That was pretty harsh what dave had for caller Karen. I got the impression her husband became ill with cancer and couldnt work for awhile
I totally agree and it made me cringe. They were having a tough time and had to do what they had to do. I really do think that she'll never do that again. I felt bad for her for having the courage to call in and get needed advice, just to be yelled at. Not cool.