Feeling Overwhelmed With Your Finances?
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- เผยแพร่เมื่อ 29 ก.ย. 2024
- The Ramsey Show (January 25, 2023)
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If you and your gf/bf isn’t on the same page with money, please don’t get married yet.
Agreed
Amen
Get a 15 year and pay it off like a 7 year, such great advice!
First caller, LISTEN, you are 18 years old. DO NOT get married yet, you are too young.. It will not work out..
That’s not necessarily true, it depends on maturity, faith, and intentions
@@dancingqueen1091 I knew i would get flack after posting this, at 18 years old, you have not lived life yet, the chance they will make it is almost zero chance.
@@MitchGrooms Live life = Men and women racking up a double-digit body counts and being unable to pair bond? No thanks. That is why we're in such a mess right now with crashing birth rates and morality.
@@MitchGrooms statistically it’s more like 50%, not zero. I’m just saying age and “life lived” is not the only factor. There are plenty of people who have “lived life” at the point of marriage and still get divorced
I enjoy this show…BUT it’s easy to say “don’t make excuses” “get a roommate” when you’re married with 2 incomes…or if you don’t have kids. You can’t just move a roommate in when you’re a single mom with 4 girls. I will continue to put my trust in God. And continue to pray for others in my shoes❤
I've been in banking for 30 years and auto pay is the worst problem that most people have in banking especially when they want to cancel something (a bill)
😢
About rents... you do not live in New Jersey...sure you could pay less rent, in a high crime area...it is not that simple..
Where Dave Ramsey
Karen in Utah said its laughable when callers say they paid off their 100-400k homes because their Colorado 4 br dream home cost at least 500k.
It very impressive they paid it off and it would be very insensitive for me to call your 500k 4br Colorado dream home laughable just because our 4br dream home in Hawaii just down the street is 1.3 million...
Dear first caller under no circumstance should you get married. It is a scam
I miss Dave! I hope he’s back soon.
Me too! I only watch when Dave's hosting. Seems like forever since he was on!
I refuse to watch without Dave on the show. I hope he comes back. I’m starting to get worried 😅
I actually prefer when hes not on the show.. I like to listen to the calls and I noticed when hes on the show there's not as many and it takes a lot longer to get to them..
And we don't have to deal with that religious Rhetoric
@@TheLegacyTitan Dave hires hipsters for $20 an hour to do his job. Dave is in Hawaii. His daughter is gone.
My husband has borrowed from his 401K (before we knew Ramsey) and the interest charged for the loan DID GO BACK TO HIM (401K). The interest DID NOT go to the company. Never borrowing from 401K again, though. The opportunity cost was a stupid tax.
Yeah George missed the ball on this one. The interest is paid back to the account owner, albeit at a lower rate than the money would be making in the stock market. Sometimes 3 or 4 percent, and those dollars aren't in the market making money. And it's typically only half of the balance of the 401k is eligible as a loan amount.
Agree with kassidy. Few things to add. You pay back the loan with after tax dollars, so you interest rate (return) is lower if you do the math. Most plan charge loan fee's for taking one. Finally does it not work as car or home loan-fall behind on payments & see what I mean.
@@jefferydoherty7368 Absolutely, plus you're kinda gambling on the fact that your employment status won't change during repayment or else the loan is due in full in a matter of months. I would only consider the 401k loan if I knew I had the cash on hand to pay taxes and penalties for the early withdrawal, or to pay the loan off in full when they called the note.
@@thegreatcoward George further affirms why we are all his biggest stans 🤌 100% still a bad option for the caller
@@thegreatcoward professional, as always!
Please come back Dave! It’s just not the same without him.
He hires Hipsters at $20 an hour to cover for him. He is in Hawaii. He is laughing all the way to the bank.
But, do not ask George any complicated 401k questions. Ramsey did not give him enough street training.
18 and getting married?! Calm down!
I dont know Christina im kinda thinking they dont owe you at all. You signed up (whether you realised or not) how bout just paying up and learning the lesson!! I feel like thats what ye would be telling a caller
If there's evidence that you did NOT use a subscription that you had (and Amazon would be able to view the activity on her account), it's reasonable to ask for a refund. You may or may not get it but there is no harm in asking for one.
Man when I was 18 all I was thinking about was the party that Friday night. This young man is ambitious.
Although Ramsey cohosts do a good job...Dave asks more/better questions to get a full understanding of the caller's background. Often it seems the cohosts ask 1 - 2 questions and then start talking randomly, often having to circle back to clarify the situation. This method sets up a somewhat unfocused conversation. Dave's organized method makes a better listening experience.
Great show Kristina and George! Thanks!
The physical therapists should look into travel therapy at least for a little while. It pays so much more. I did it for 9 months as a PT and got a huge head start on the loans and I’m almost done now.
Happy to see you two. Getting ready to hear reality on financial success!
If Debbie didn’t want to provide personal information maybe she should’ve just figured out how to allocate her settlement herself!
That ANNOYED me too!
1:34:35 I just KNEW this argument would come up... 'Well, I'm not getting the benefit, so they shouldn't get the benefit.' But then George sticks the landing with his last idea on this employer match thing.
I love Kristin so much better than the new co-host with George
The first caller could be looking at deca millionaire status. Unbelievably awesome!
Seriously where is Dave?? Getting sick of George all the time this past month!
She bought the car at an agreed price add in a whole bunch of extras and tax into the loan. At a time when the used car market was all messed up. The car dealership did nothing wrong. Here you are demeaning them smh do better.
Gosh George, you’ve been mentioning Icarly few times now and I’m all for it! I grew up watching the show but subscribing to Paramount + just for one show isn’t worth it 😂
Same. When I found out about the reboot I got a subscription from Paramount plus but then got rid of it because I found that it just wasn't worth it and that I can live without streaming services now that TH-cam offers more than it used to such as free movies and I don't find the new television shows coming out very interesting so streaming services for me just aren't worth it in general anymore.
Ugh, Dave we need you.
They don’t do the debt free screams anymore???
Most screamers don't want to be on with the non-Daves, so they schedule for when Dave will be hosting.
There's no way she can afford that car
Great show, George and Kristina! 👏
George loves ICarly hahah
I took the advice on the home owners insurance and it is so worth to check in to
I am okay with them telling callers to pay down their debt, but telling them not to use credit card in 2023 and use a debit card? I don't know man...that's risky, and they would be leaving money on the table...ANDDDD it's silly.
So if your still working on paying off debt and are sitting with only $1000.00 as an emergency fund what do you do when an actual emergency happens that cost more than the $1000.00. As a minimalist I would have not much to sell. How would you pay for it without adding debt?
Interest on a 401k loan does go to your account. However, you are robing yourself from the growth for a period of time. Then again, the 10% rate she is paying on the heloc sucks.
I'm not sure I'd encourage am 18 yr old to get married. He seems to be doing great but I think ppl go through alot of change in early adulthood. I wish him the best of luck to him.
Auto pay has been great for our family of seven who’s constantly busy
I refuse to ever finance a car again. All cash all day, USED
They do this to their own what do they do to customers?
Williamson County is 22 wealthiest county in the USA . Nassau county in Long Island New York is number 10
He makes 141k, owes 6k on a 50k truck, 36k on a mortgage. Just pay it off in less than 6 months. Why sell a nice truck just to be in BS7 6 months earlier
27:28 Serious mistake here. A 401K loan interest is paid back to the account, not the administrator. You're borrowing from yourself. Not to say a 401 K loan doesn't have downsides, you may lose out on growth, and it must be immediately be paid back if you leave the company, otherwise it will be treated as an early distribution, with penalties and tax. But these two were dead wrong on the interest. They should have mentioned the other potential pitfalls which are more significant than the interest.
Courtney got ripped off big time! I bought a 2018 VW Tiguan brand new in 2018 for $27k and that was rolling over some inequity from a RAV-4 (this was all pre-Dave for me).
Another great show!
To include in your list of HELOC fees...CLOSING COST! When we were sick of watching the interest go up, up, up on ours we said we were done. We refinanced our mortgage to include the HELOC to get a fixed rate and we paid about $3k to do so. OUCH!
Don’t get married at 18 - idiot advice to encourage that. By far the most risky thing he discussed.
There are tax deferred ways to save for retirement (401K) and there are tax deferred ways to save for health care (HSA).
I am quickly becoming to believe we need a tax deferred program for: A) rent and mortgage payments and savings. B) Educational expenses.
Both should be treated exactly like an HSA. Debit account triple tax advantaged but can only be used toward approved expenses. (In case of A:Rent, down-payment, mortgage, essential repairs. In case of B: approved Educational course loans, approved future educational courses)
We are simply taxed too much and the expense is too high. And the simple solution is lower taxes; but I don't trust the parties. Once a program is on the books it seems hard to change so instead of getting relief in simple taxes I'd like to have these on the books.
And while there will be plenty of room to argue about what should be approved education or essential house repair... we need the break, so let's just get the fight over and do some real tax burden relief.
Rentals in Appleton or Green Bay area Wisconsin. People are advertising old homes, 2 bedrooms, 1 bath $2000 monthly rent. Big houses, maybe Packer player house's asking $3000-$4000 a month. Crazy madness for rentals. how old home is, how many bedrooms or baths does not matter in Wisconsin average asking for monthly rent is $2000.
Amazon will add a subscription for free and you won’t know unless you check your statement.
For the first caller on the buy or rent topic keep in mind that when you rent a house and the hot water heater stops working you pay nothing. When you are a homeowner you will pay at least 2K.
George, you messed up big time with the 401k loan. Don't put out bad financial advice on the biggest financial show in your country. I doubt that he'll issue a correction either. Please, hurry back, Dave
@@thegreatcoward Sorry, didn't mean to come across as rude, just a little snarky. But, what's the difference I guess. Thanks for saying you got it wrong 👍🏻 Live radio after all
Those subscriptions can easily be blocked by parental blocks on the smart TV. The kids have to put a code in to purchase so you don’t get stuck with those unwanted year long subscriptions.
That's a mad car payment. I'm stunned how much Americans pay for cars
This is the duo we like to see!! 🎉
Wait until you have to cancel the payment from coming out of your account.
Her house is a lot better than the one he has.
The other woman from the previous video need to get a professional manicure for tv and radio. Those yellow neon nails are so unprofessional.
That’s right!!
Carl keep using your cc and get the points.
I think I've counted over 50 times throughout the show that George has said "love it" or "I love it" pretty repetitive saying it over and over and over. 🤦 This seems to be something new recently where that hasn't been said that many times before!
401K loan interest is paid back to the borrower. As a small business owner with virtually NO debt, my options to purchase a $30,000 box truck are the following...
A. Write a check (ouch)
B. Borrow from a bank at 18%, because they don't value my debt-free lifestyle (Because I'm virtually guaranteed to pay the loan in 12 months based on history)
C. Borrow from a retirement account, which will continue to accrue investment interest, and when I pay the loan back, the interest gets paid back to MY retirement account. This can be a very viable option.
Dave Ramsey has said more than a few times - BE the bank. Isn't borrowing from yourself and paying yourself interest an example of BEING the bank?
Yeah..sure..take out from that retirement deal that and pay the nice big tax penalty because you're not at retirement age yet. 😉
Have fun with that
@@motoryzen you don't pay a penalty on a loan from a retirement account.
George my homie. Interest from 401/403 loan is paid back to account holder. Borrowing ones own money (sounds silly, right?). BUT is key word. But.....There's typically fee's with the loan. One pays back on after-tax basis-so the money is taxed twice. Etc etc. do the math---even if one believes in debt---the loan is NOT in ones favor.
Forgot to add. Love me some George!
Poop happens. I still appreciate what you do good sir!
@@thegreatcoward maybe correct on air then tou have a duty to listeners to put out correct information, no problem making mistakes, who doesn't BUT correct them!!
I find this woman to be a lot more poised and interesting than the other........
What George said about 401K interest correct? I'm confused 😕. To my understanding it goes back to the 401K retirement account. @GeorgeKamel
Interest does go back on 401k to loan
@@purtycards Thoght so, thank you for the clarification!
Ellis is soooo gorgeous, I wish she wasn’t married and I had a chance 😍
She is gorgeous! I love how she is always smiling and there is this light that shines from her. I bet she is a beautiful soul.