If You Follow the Trends You’ll Fall for the Traps | February 28, 2024
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- เผยแพร่เมื่อ 15 ต.ค. 2024
- The Ramsey Show (February 28, 2024)
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George Kamel & Ken Coleman answer your questions and discuss:
"How do I prioritize my financial goals?"
Were we wrong about Bitcoin?
"I'm afraid to sell our stock to pay off debt,"
"Which debts should I pay off first?"
"What should my next financial goal be?"
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Love Ken and George keep them coming back 💯👏👏👏
Love to watch these two! The Dynamic Duo!
Ken and George are my favorite team!
The "tiny little detectives with their tiny magnifying glasses" solving like crazy!
Ken and George 🙌 ❤
“Kamel Cold Brew” that sounds legit!
Look at George impressed with himself after the, “has that new event center smell” comment. I found it really funny! These two together are hilarious!
Can’t have your cake and eat it too 🎂 yup! Good advice.
Ken's side eye to George when George pointed out he (Ken) wasn't a doctor. Oh my goodness, priceless! LOL!!!!
Best duo
Ethan from Atlanta I would highly recommend reading Profit First by Mike Michalowicz since you are now an independent contractor.
Ah yes root beer float! Love the show! Any plans to upgrade the background screens to a single seamless display? The lines and gaps between the four monitors are noticeable. Thanks!
Paul - re medical school or other careers. The advice from George and Ken was overly optimistic. The fact that you did not do well in year 1 is NOT a good sign for you ever being accepted to med school again if you do not go back right away. The reason is that med school works on a cohort system - that means that once a space is lost, it is lost for tuition for the med school from then on out. This is not like regular college where if you miss a history class this year, you can take it next year. Certain classes and practicals are scheduled for particular years. Be very careful accepting educational advice from the Ramsey team - they are weak in areas that they did not prepare for themselves, especially the health professions. Your med school is likely giving you grace for this ONE opportunity again in order to recoop their tuition costs and not lose your space in the program which is a total loss of tuition for them. So you need to make up your mind if you want to truly be a doctor and IF you can make it all the way. The fact that you got distracted that first year is a real red flag because more difficult days are ahead, especially in terms of residency. What you also need to figure out is if you have it in you to study for the med boards at the end of the training because unless you pass the med boards, you cannot practice. Do you have the discipline to do it? Secondly, the projection that George and Ken had for how much money you could save before re-applying ("you got in once, you can get in again" - not true, BTW!) is off base, One of the weaknesses of all the RS personalities is they do not figure in federal and state taxes when you increase your income. If you should increase your income from $60,000 to $100,00 while trying to save - which is their advice - you will NOT be able to put all the extra $40,000 to saving to re-apply to medical school. You will have to pay taxes on the $40,000 extra if you manage to raise your salary that much. Is returning to med school possible after having saved up the entire cost? Yes, but the cost will also have risen and you will be a different person. You will have to reapply and likely take the MCATs again if several years have gone by. How will you do on the ENTRANCE exams a second time after being years away from your biology and chemistry courses? These are ALL things to consider, so keep them in mind and have a good hard think and also a conversation with your wife about what is next. OTOH, finishing 2 years to do Health Administration will put you at only age 26, very young to start looking for this career and be taken seriously, so you will have to start at the bottom and work your way up. Check out the job market for this kind of a degree before you leap and use Ken's principles of getting around people who actually do this, shadowing them, and getting a realistic view of the job.
This is the truth!
Outstanding advice!!
RS needs to contact you, Elizabeth, for university and career knowledge. They could also gain a world of knowledge about income and taxes from you, Medicaid/Medicare, along with a number of other topics so near and dear to the callers. They should, but they won't (unfortunately).
@@bettedavis9261Yes! Elizabeth needs to be a Ramsey personality. She'd be the top host in no time.
Sounds like you should have your own podcast 😂. People love watching and then bashing the hosts. It’s ridiculous. Dave literally says “this advice is worth as much as you pay for it”. Just don’t watch…or comment. “If you don’t have anything nice to say….don’t say it”.
I find it really hard to understand people calling this show asking if taking out debt is okay for their special situation, these people KNOW the answer they’re going to get - like John says i do not have a psychology for it 😅 the Ramsey show might as well be the No Debt show
I always wonder if they just stumbled across the show, so aren't fully versed in the RS tenets. Or, they're delusional and truly believe they are the exception to the rule (they're "special").
@@bettedavis9261Definitely this
You dont need to say "pre" before planning. Planning already involves doing something prior to the action.
The plan before the plan 🤣🤣
If you fail to plan to plan you plan to fail to plan and will be planning to fail when you plan.
@@Hossafy 😅
Hello Ramsey Team (George, Jade or my beautiful Rachel),
I write to thank you for all you wise advise.
Also to ask this,
As time goes bye, it's becoming more and more difficult for anyone to buy a home with their 25% worth of income.
I reside in CA, I have a 30 years old son still living with us but how or where can anyone find a home for someone who's making $25 per hour? what's your advise?
just curious.
Actually Sonya has a very valid idea. More and more people are wanting to make and modify clothes but get caught in the weeds with terminology. She could monetize TH-cam, Instagram and TikTok. Channels that simplify things are very effective. Offering alteration services and such too is a great idea!
Sonia is a nutcase lol. Living in la la land for wayyy too long 😂😂❤
Can’t wait to get to this call lmao
America IS la la land.
There are sewing channels that explain the vocabulary well.
Not to discourage her, they really are out there.
She will need to fine tune things and sell what gets made to cover the fabric for the next video.
Abby is too comfortable being at bf parent’s home. They need to kick them out or bring in some real money she needs a job whether that working at Target or flipping burgers
I like Ken Coleman
Guys if you like to do med school you can try outside US too..there's no pre- med especially Asian. I know of Doctor La here who went to Hungary/ Romania / Asian countries/ Malaysia (a friends niece spent about 6,000 a year (US citizen studying outside)...look for options guys.
The 2nd caller should go back to the Hospital and tell she's out of job. How can they lower the amount- negotiate with them too many file bankruptcy?
Lol! These guys are funny! Very entertaining
I caught the Wishbone reference, George! 😁
The guys talking about "Thoughts and Prayers" saying. A secret for those not from the South, when we say "Bless your Heart" we mean "What an idiot!"
😂
George!
Don’t go into debt to become a doctor, but take 5 or more years off and then go into med school like it’s that easy. It sucks to have all this school debt for medical degrees, but the way all the presenters talk about it is crazy. They told a person going through vet school to stop school for a year or two to cash flow the rest of it. This isn’t a BA we are talking about, that’s a crazier statement than them taking loans.
Ken was very punny this episode. 😂
He is so quick witted! 😂
How did a troll email get read on air and my question didn't?
Safety pen 😂
That first call has some real weird energy to it.
Sorry, Ken. No one from New Orleans says “Nawlins”
You need to listen to what callers say instead of asking for info they already gave you such as the age of kids or the caller
It’s not easy to concentrate on every single detail the caller gives you. They clearly do the best they can, so give them some grace! You can see they are listening and attentive. It’s not like they are on their phone or talking to each other. It’s just missing pieces of information because you’re focused on the other hundred details the caller gave you.
And Jay, you need to realize that being on the other end of a telephone conversation is NOT the same as talking to someone face to face. The skill is different and details register in a different part of your brain, to say nothing of the fact that the audio is not always that great. In addition, they have a live audience in front of them and that is likely somewhat distracting. That said, I do notice that the women immediately start taking notes, while the men on the RS rarely do. Perhaps a gender difference, too.
George! Why didn't you tell Chris to sell the home he wants to rent! He could have almost no debt if he just sold the other home and rolled the equity into the new one he inherited!
I feel like that was terrible advice to use the tax money for a car. He may be able to save it back up, or he may fall back into old habits and be in a big bind next year.
I agree. I was screaming quietly , "No, No, NO" at that advice
And the guy really didn't do babysteps but used a pay out to fast track. Chances are his ways haven't changed and he will go back in debt. He even ask the question to the host. They glazed over by saying we are done with that! I bet the caller is not!!!
Hey George, Bitcoin up over 1500% in the past 5 years and 171% in the past year. You really don't understand Bitcoin. It's a finite asset backed by energy and not controlled by corrupt banks or governments. I've done quite well with it as part of my investing.
Dogecoin is up 6000% over 5 years and 61% over the past year... like stocks, you only lose money when you sell. (Doge isn't as solid as Bitcoin though)
Those that understand Bitcoin laugh at it
House master....😂
Where is Dave ?
Cabo
minding his own business.
Somewhere better than he deserves….
Where ever he wants to be. The business/show is in good hands.
You guys should do some research on how crypto cycles work. I sold my duplex for crypto and it's paid off tremendously. Crypto isn't hard when you know what you're doing, but I get your stance on protecting people who don't understand it.
Dave says NO to crypto. Dave gets the final say. They can do all the research they want to. Dave will ALWAYS say NO to crypto.
@@Jetup24 it's just annoying that they know nothing about it and just act as a Dave echo chamber
The number of people who know what they're doing is exactly zero.
If you want to make money faster For sure go for Crypto but it's more risky without doubt and some people believe You can make more money not taking risk. So they are procteting those people
@amireallythatgrumpy6508 that's funny because I'm a crypto millionaire so I don't think it's zero
For the 1st time, I definitely disagree with you. Both odds you survived student loans. He should go to medical school.
Kyle from Chicago i feel like completely stopped listening to their advice. Dumb call
28:30 again with personalities letting calls go on longer than they need. Ken answered his question and asked what he felt about it.. Dave does not care how his advice hits people, he answers the question and moves on. This kid is now going to ramble about “i wasn’t going to ask for a raise” when his question literally says “how do i ask about raises at my new job”. I already watch on 1.5x speed but with these personalities I’m at 2x speed all day
Yes, the "how do you feel about that" started a while back with Jade. I was shocked when she asked it, but figured it was a one off (that TPTB would tell her not to ask again). No, she does it repeatedly every time she's on, and now the other personalities do it, as well. Who cares whether or not the caller likes the advice? Being palatable to the caller is not the point of the advice.
15:30
Wishbone 😂
Kyle was so god damn annoying. I feel his entire call was just trying to get the fucking cup. He talked through their answers and didn’t really care when talking about his money thing. Thanks for wasting our time, but what do you expect when your name is freaking Kyle.
I miss dave hosting, the new hosts just make me want to turn off the show. I feel like it's lost the charm of one had. 😢
It took me a while and I do love Dave but the others have grown on me. I really like them together as a duo because the banter is awesome 😂 Maybe give it more time?? 🤷♀️
Sparky I LOVE Dave and all the other personalities. However, as Dave has been so transparent to share it's his legacy. The show isn't about him it's about helping people which all the personalities are dedicated to do. Hopefully this show will go on beyond the long lifetimes of all these personalities.
After saying all that I do enjoy when I tune in and see Dave's face it's a bonus not an expectation.
If you cannot take respectful criticism then you are not worthy of respect so The Dave Ramsey Show should be banned from TH-cam!
Someone ( assuming it was a Dave Ramsey employee) had my critical thoughts erased after the two of us began a conversation about an honest critical comment that I had left concerning a short.
@@Sarmoon1.1 You should probably let someone else tell you that your thoughts and comments are critical. If you've watched this show for any amount of time then you'd know better than to even ask about single stocks or short positions. This show is essentially remedial Personal Finance 101 for the everyday American with debt that's been pushed on them by a society that allows debt to run rampant. If you strip the names (i.e. Baby Steps, EveryDollar, etc.) from what they teach it's basically everything that every American should have been learning since childhood, which is to spend less than you make, buy only what you can afford, and plan for retirement. I guarantee you that 98% of people watching this show either don't know or care about single stocks or short positions.
Absolute crap. Americans in general aren't worthy of respect. What's your point?
Hahahaha!! dying. Ken we gotta taper this segment. Let’s hem it right here yeah let’s put a safety pin in it 😂
I laughed out loud. Good start to the episode. I'm looking forward to the rest of the show.
Yes! That got me lol 😂