You Can't Get Out of Debt While Digging Yourself Into A Bigger Mess
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- เผยแพร่เมื่อ 21 มี.ค. 2022
- The Ramsey Show (March 22, 2022)
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I do think Dave and John are a fun co host combo. I like to see the way they riff off each other.
John and Rachel are the only co-hosts I'll watch with Dave.
They are a good pair because they both have the skill sets that people usually call for.
@@emilyinLA1 yea Rachel likes to mess with him even when Dave is obviously right she’ll still go with it
They’re no Ken and George but agreed
Reminds me of Dave and Jade
As a professional painter I re-paint the exterior front door and sidelights for $350-$500 all day long. Very easy sell. Note pad and walk the neighborhood and hand write a bid leave it with your number on the door. Guaranteed work!
Mercedes-Benz is just a giant expense that only looks cool. When the warranty ends you pay so much more for repairs. Just like BMW, Audi, Land Rover, etc. A Toyota/Lexus or Honda/Acura is a much more reliable and durable choice that won't always end up in the shop. There are exceptions to that rule, but there are enough studies to show those are better choices for a vehicle.
I totally agree with you David. Toyota/Lexus and Honda/Acura are definitely better and more reliable vehicles. And their repairs cost so much less, better yet, they do not break down as often so repairs are not needed as frequent as Mercedez, BMW, Audi, Land Rover, VW, etc.
I love this host combo :)
Dr John Delony is a brilliant individual. He and Dave are like exactly what the majority of this broken society need. George is like Dave 2.0 on the financial side, and Ken is a Career Pro. Ken’s advice has helped me to know what to search for as I am looking for a new job.
I feel like John was talking to me when he was talking to the caller whose wife left him. Needed that.
Imagine the opportunity these people have…and still struggle. Unreal. Tons of money and can’t figure it out.
Right. I live on $1900 a month. Retired. House and cars paid for. No debt.
I tell you JB.... some of these people have taken their opportunities for granted and squandered it. Then they wonder WHY they are struggling.... and then start to blame others for their struggles.
1:13:00. My grandmother has recently passed, same story kinda…there were 7 kids originally. My aunt (with 2 kids) passed in 1985 and my dad (with 2 kids) passed in 2017. Her will states that the funds are to be distributed between the LIVING kids. That is my how my grandparents wrote it and that’s what they want. So be it. None of the 13 grandkids, many great grandkids. It’s that’s how their family tradition goes. And there’s nothing wrong with how they wanted it done.
Except now the money goes to the government? I would hope if you didn't want grandkids to have the money at least have a caveat the money then goes to a charity or local business.
@@orphanedhanyou The money goes to the living 5 children.
I have removed all electric items except for a refrigerator that I run 1/2 of the day and my cell phone charger is always plugged in I don't even use a night light I simply use a candle at night no a/c..just my basement and still my electric consumption indicates that my kilowatt per hours have almost tripled thanks to a new smart meter that was put in. For the same 300 KW per month I used to have two TVs two radios two lamps two fans a dehumidifier plugged in and I left my refrigerator which is new 17.1 ft energy star I had it plugged in 24/7The electric co says that the old meter must have been wrong. My neighbors have a lot of things plugged in and they are using 300 kilowatt hours everything in my home is energy star new like my water heater my furnace my refrigerator so it's not because of that I don't have Phantom electric use because as I said I have removed all electric items from my home except for the aforementioned
Dr J. Is an absolute boss.
SO IMPORTANT THAT EVERYONE @18 HAVE A WILL..IMPORTANT THING TO TEACH YOUR KIDS NOW..NOT LATER
Getting rid of the biggest payment is very motivating...more than smallest to largest
Not if it takes the longest..
Again..you're another one out there that has missed the point of why Baby step 2 is tried and true...10p percent of the time
" It's not math problem. It's a behavioral problem. We all have been spoiled to instant gratification.
Knocking out the smallest debts first makes more sense...YOU will tend to stay motivated more and longer in the process if you quickly achieve tiny victories like that.
1:13:00. The first will is the most fair. The living aunts/uncles will be able to take care of their children. So this man is just getting money that his mom would have left him.
47:40 I wouldn’t pay a dime. Threatening him with litigation that is clearly outside of the statute of limitations is illegal. I would send them a letter from a lawyer stating that they will intend to sue. Dave is right that they are bullying them but paying back a debt that you don’t owe any more is also not good advice. Companies all too often hope that people do not know their rights. Depending on the state that the contract originated
For the "Door Guy", I think what I would do is find out where the doors come from (who manufactures them, who sells them, etc) and get them to endorse you as a Maintenance person in exchange for a % of the profit. If he could have an arrangement to get them to keep him looped in when they make a sale, he could contact them on the day of Delivery or smtg close to it to greet / congratulate them on the door and let them know they can count on you to maintain their "investment". Basically he would put his "foot in the door" (pun intended) and get a plug at the source (the door seller).
Or he could just get into a different business altogether.
It’s common to have the estate pass down money “per stirpes” thru the siblings, so that if any sib dies, those shares go to the surviving sibs. It’s not because it’s cutting out grandchildren - but it’s a common simpification that’s overlooked. Like a boilerplate. Something to think about.
How funny would it be if he bought her the total money makeover book on his credit card irony
Listening to Dave, Having a saving has helped me alot in the last 2 years….Thanks to this guy
I get a hankerin' to listen to "Baker Street" (Jerry Rafferty) in its entirety each time I hear this intro!
1:20:55 Dave’s response 😂
I like the advice he gave Lynn. I had the same idea and bought a condo too.
My grandparents will is allegedly set up like that and it’s MESSED UP. I would feel awful if someone lost a parent so they were cut out of the will entirely :0 and also awful if my parents died and were cut out! It makes NO SENSE!
How does the secretary not understand how much money she makes?
It's funny how Dave told the first caller to live on rice and beans while spending more than 100k a year.
The second caller the woman who's renting and supposedly makes $50,000 a year and her rent is 1650 a month is almost my exact situation except I'm 49 years old and not 60 and I here why Dave is saying to not rent long-term I'm sorry that I've been renting since I'm 20 years old that was a big mistake I probably would have owned my house already if I could have put down a substantial amount of money when I was 20 but that wasn't doable at that time that's why I didn't
We also used Mama Bear legal forms for our Will. Was very happy and relieved to have it updated. They line up all the legal rules within your own state.
Great show!
Way to go Dutcher family!!
Dave, your front door is more expensive than you think lol. His issue is finding people that needs to get their front doors repaired/redone. Most people don’t have issues with theirs for many many years once it’s there.
Gotta find people with too much money that want to remodel and do a door/porch upgrade
That was my thought. If I had to guess, I'd say that Dave's front door cost more than $800. Maybe not $30k, but more than $800.
I have been listening to dave for years!! Nobody is ever going to tell him shovels are for making holes. Latters are for getting out of them LOL 😆
lol I believe you also use shovels to FILL holes.
I take his shovel reference with the thought of cleaning up the sh** in the stable.
How do you fill in holes?
@@Skibby22 with the pile of dirt you pulled outta there? Or fill dirt… or bodies. I mean the possibilities are endless.
You use a shovel to fill in holes as well. I always thought that what he meant.
Saw you Elevation Church 🌄 Now I'm hooked lol
I’m about to lose my job . Dave says cool haha
That Zach fellow should preorder John’s book if he can and get the free counselling sessions
should of never got a house. first is knock out your student loans and live like no one else
insurance is over 4k a year
property taxes over 6k a year
monthly utilities bills over 8k a year
stay with mom and dad and use that 13k a year in house payments to pay it off. that's over 31k that could of went to the loan plus what u put on top, could of been paying 100k a year on the loan
Sounds like Jordon bought into an over-priced product so he needs to find a way be able to widen the price-point to make it accessible to a wider range of home-owners.
At 1:28:07 "im a Ramsey financial coach actually" How bad did Dave want to say... you mean you are a former coach, you're fired... yikes. Surprised they didn't edit that part out. Doesn't really make me want to trust any of the financial coaches.
I would not lump them all together. You just need to shop around to be sure you get one that is not Dave ish.
Yeah I don't know how he's a financial coach and can't figure this out...the bar must be low
@@amanirosefoundation but like John said, when it's your own situation, it gets more complicated in your head. I get it.
For a financial coach, I'm sorry for those people this guy coached in the past, and the future coming. His problem was a no-brainer.
Ramsey financial coaches are not what most people assume (that they all follow Dave's principles). It's largly just another revenue stream for Dave. The coaches pay a fee to get recommended to people in their area through Dave's website. We've met with 2 and are not with either one of them.
John is my fave co host with Dave. I also like him with George. Rachel and John are nuts. Haha
what's a boiler, that's funny
What was the second question Dr. John?
What did he say was his position ? I never heard of it 😯
Well John, your father's occupation explains a lot about why you are so good at your occupation!
I always have to turn the phone face down when the debt free scream where they keep swaying back and forth. 🤢
Joe and kelly got out of powce of crap cars and got into more reliable ones! Good move.
Yikes that financial coach
375k a year and they can’t pay off the debt of 275k in a year? 2 adults with no children can’t rough it for a year and pay off the debts once and for all? *Then* go buy a house. I don’t get it. These people have the discipline to finish school but not to take a year more to take care of the loan and then enjoy their lives? Silly silly people.
After taxes they couldn't pay it in 1 year, but 2 years should be no problem. What a great position to be in if you've got that much debt.
That’s a good wife. Oh my stars. If my husband had a precious repo he might would be an ex husband again.
He's not 'stuck' he's lying. he says the car he wants is 25k, it's not. it's going to be 40k.
🐐🐐🐐
$300k a year . Could have that student loan paid off in 18months if he buckled down
You're forgetting taxes. Get real
The tax bracket percentage for a $300k income range was around 24 or 25 % last year
That is 72,000 and that is JUST federal...that doesn't include state
'
So 18 month is unrealistic
@@motoryzen obviously taxes are much different in the US then
@@unnamedchannel1237 yes...taxes in the U.S could be different than some other countries...Ramsey Solutions operates and is located in the U.S.A., thus unless you mention your point and the name.of a different country or continent...duh...I assume you're implying.usa taxes.
@@motoryzen that’s not entirely true. The whole sum isn’t taxed at 25%. Just the top bracket of his income… I think it ranges from 150k to 500k, so it’s only 300k-150k of his income that is taxed at 25%, while the rest is taxed at various, lower rates. However, what most medical practitioners forget to account for is malpractice insurance. I’ve heard that takes a good chunk out of their income.
@@1RamTough indeed...all of that makes sense, doesn't defeat the point I made...but breaks it down more. * Nods humbly*
So i am not doubting that normal people can accumulate massive amounts of wealth through the Ramsey system. But when 90% of the debt free screams have an income over twice the national average its a little hard to relate.
Increase your income quit being complacent
That’s true, but there are also those teachers that become millionaires… according to Ramsey’s website, that’s the third most likely career to lead to being a millionaire.
@@1RamTough quit living beyond your means. That’s peoples biggest problems I’m 23 I have my own construction company I make $100,000 a year and I definitely live below the poverty line by a lot. I look at life as a position like an investment. You can always find a better position to achieve what you want.
@@Calebw753 I was agreeing with you by stating that teachers, a career that doesn’t have a very good salary, are the third most likely to become millionaires. They’re only behind accountants and engineers.
@@1RamTough my statement was more based off the amount of teachers or below 100k earners that are not on the show. Like i said i am not doubting the process but would like to see more average earners on the show to be more motivating for the people i share this content with. It takes about every 10 shows before there is one earner who is below 100k who is an everyday millionaire.
I'm just so discouraged my fiance died last year and had no family so I paid for funeral expenses and some Financial Obligations that totaled 10,000 I live on only Social Security I am disabled I can't sit for very long I can't stand for very long so I am spending a lot of time laying down and now the physical therapy that I need to not be an abject pain is going to cost me $320 a month after insurance I just don't see a way out of my debt I was able to pay down about $4,900 but with inflation it doesn't make much of a difference on my monthly budget actually no difference at all just considering the increase in the electric rates
I hope you are doing well, I'm sure times have been so hard and I'm sure you've got this! If you were able to handle such a hard thing on your own, and everything you've done to get to where you are now, you can totally do this! That's an amazing amount of debt to pay and it is making a difference! Now you just need a bigger shovel as Dave says and you are brilliant and can get that bigger shovel! Lots of love from a stranger
Ughhh...Dave Ramsey gives the worst advice to the first caller...whoever that caller was STOP following Dave and start following Robert Kyosaki!! Dave gives advice for poor people who are going to live paycheck to paycheck forever...not for wealthy people who make 320k a year! Do not take his advice, hes wrong!! Do not sell that other house especially if you are making money on it, you WILL pay taxes on it because its not your primary residence and youll pay even more taxes if youve owned it for less than 12 months. Daves advice of putting 150k towards your student loans and live on 100k is impossible because im guessing your take home after taxes is less than 250k....pay off those car loans asap if you want to free up that debt. Buy more real estate that cash flows. Rich people are not afraid of debt, they use debt to get rich and use the rental income to pay off their debt over time. If you want to retire early and truly be financially free then do not follow Daves advice.
The only way to save money is to build your credit.
What lol
So, the only way to save money is by spending money that you don’t have and paying it back for years? That makes no sense.