Yea except she has a great point about how much more difficult it is for someone out of high school to find a career in a company that will pay liveable wages vs in the 40s 50s and 60s. Where are all of these jobs?
@@KrustyQuad I believe its a lot easier to make money today than it was decades ago, especially considering how advanced our technology is now. Now a days you can make money from any app downloaded to your phone. Also, there are plenty of entry level positions that are being offered by companies, and folks who are fresh out of high school apply and get those jobs all the time. Not to mention these entry level jobs like call center jobs usually pay over the minimum wage. The problem though is most people hate working those types of jobs so they don't take it, and yet there are some people who take any job that's out there and then make it work for them to their own advantage whether they're being paid minimum wage or not. It all depends on how you manage your money and how you're living within your means.
@@KrustyQuad Working at a company where our shop guys make 6 figures down here in Texas. Now we do work 72 hour weeks but it's possible to make money without a degree.
@@Matthias_Fischer "given" by whom? In the USA we have infinitely more opportunity than 99% of the world. Complaining about opportunity in America is incredible ignorant and tone deaf.
@@Matthias_Fischer why is it that parents passing down wealth is unfair? Is it "unfair" that LeBron James' parents passed on amazing physical gifts? Should we make him play basketball one handed to make it "fair"?
Financially educating people? In the same discussion he says credit cards are crap and serve no purpose. If you have the discipline to pay off your balance, it’s an incredible tool. I make between 2-5% on almost everything I spend.
@@James-zy4nc yes I use them to build credit and get cash back as long as you pay them off monthly. Sadly most people can’t do it so probably better to just tell them to stay away.
@@James-zy4nc people would have to be high spenders in order to make a good amount back in cash back. Let’s say 100,000. and let’s say you get a average of 3.5%. You would get 3,500 of you spent 100% of your income which you would never be able to do. So let’s say with taxes and spending money you couldn’t put on the card your able to spend 75% of your income which is still very high. That’s 2650. Which is ok return. Most people he talks with are not high income individuals making over 100k they also are calling because they are not disciplined hence why half of his callers call in because of debt. A good chunk of which is credit card which has the highest interest rates among debt. So telling everyone to stop using credit cards is a great idea because our country owes 807 Billion in credit card debt. So most people are not disciplined or credit cards allow people to make poor financial decisions now and pay for their mistakes later.
@@YankeeStacking Yet she is advocating for Nordic country polices. "democractic socialist" is mislabeling as social democracy (keep most industries in private hands). The USSR in the 1980s ecconomic equality on par with the Noridc countires (ppl were paid differently depending on quota ouput and profession). Marixsts are into from ability to contribution before from ability to need (once economic development is feasible).
My mom passed 7 years ago at age 71. She had a $25,000 whole life policy. I calculated how much my dad would have had had they just invested the premiums in a 5% interest account = $245,000. What a scam! Then the agents who insisted that they hand-delivered the check had the nerve to try to sell my dad more whole life insurance using my mom’s benefit. I had explained all this to my dad well before the slime balls arrived. He took the check and quickly showed them the door before they had a chance to even sit down. See ya!
@@dakotadak100 I've actually been told it's very good, I'm only 27 and goes till 2093 and came into affect this year. And I'm never sick, broken bones, no surgeries. Honestly rarely ever go to the hospital at all.
@@dakotadak100 I definitely not term I wouldn't do that. I just looked at the policy. Says Pay to 100 years, Policy Benefit is currently 118 and change and dividends is "Paid Up Additions" (which is know is insignificant)
Sandy.... Oh Sandy Sandy Sandy..... If you literally just take all the money in the world and divide it up evenly... Nobody will work any more. If somebody sitting at home gets the same amount of money as the guy working building roads in LA in 100 degree heat... The guy laying asphalt is going to say "Screw this.... I'll go sit at home in the AC watching wheel of fortune" There is no incentive to work... to excel... to create and innovate if you are never allowed to see the rewards of your labor.
She's saying the Waltons and Koch brothers shouldn't have as much wealth bc they should pay a higher marginal tax rate and not be given tax deductions. She said nthg about the working rich. Instead it seems she's most unhappy with the ultra wealthy. If she's a communist then so was FDR. Those breadlines weren't in the 40s, they were more in the 30s or before ww2, after the unfettered capitalism that crashed the stock market. There's a middle ground like in Scandinavia or Germany, capitalist societies with strong social safety nets. She thinks wages should be higher so there's an actual middle class, and they should. Going back to the 60s isn't communism. Having a wage you can support a family on without relying on welfare is better for taxpayers. Having affordable education, or the ability to climb in a company as a blue collar worker isn't communism. At the end he had to agree the system was kinda rigged even if it made sense in order to establish companies in a given town. Those steel workers he's talking about, auto workers, have gone down in number due to trade deals. They are a smaller percentage of the working class, even if they do exist in some towns. Look at Detroit. Used to be a manufacturing mecca, now it's gutted bc things got sent to Mexico thru NAFTA. Big reason people in the Rustbelt voted for Trump over Hilary.
I’m 20 working factory job for 5months and am at 50k a year and there’s many places you can make that or more and I could’ve been an 8th grade dropout and get these26-35 dollar an hour jobs
I have a buddy who got a job as a pipe fitter for the navy fresh outta HS; he’s currently making around $80,000 a year at age 22. And no student loan debt dragging him down!
Sandy - I live in Corpus Christi Texas with a population of 400,000… statistics are here that 60% yes SIXTY percent of working men work in the oil fields here. And starting pay is $60,000. This lady is so lost.
About Sandy from Los Angeles, CA... Look, I'm a truck driver. I would NEVER do this job if I wasn't paid well for it. Yeah, I get paid for driving, loading, unloading, etc but that's just what's on the paperwork. I could do those exact same things elsewhere for less pay. That's not why I could make six figures if I chose to (I don't because I balance money against time with my family, though I do make decent money). I get paid for being away from my family, for not sleeping next to my wife every night, for not being home to put my little girls to bed, for comforting my daughters when I was out of their view for too long and they started crying thinking I had left without telling them, for risking my life and limbs in one of the most dangerous for injury or death in this country, etc, etc, etc. I would NEVER do ANY of that if I could make the same amount of money flipping burgers. No offense to those who flip burgers. I've done that before myself as well. Still, I would pick that over what I currently do if the pay were the same. The same goes for those who argue that it would be better to do away with money or whatever
I dropped out of high school and I am on track to be an everyday millionaire before I'm 40. There are opportunities out there if you're willing to work very hard and take risks.
When my brother passed away recently, I found I was his beneficiary and after he paid into it for so look many years, it paid out hardly anything. Stay away from Whole Life.
I'm starting to use cash a lot more after having someone charge something on my credit by accident or having my credit card freeze. Do you withdraw cash per biweekly based on your paycheck or a month ahead of time?
@@justinacase2623 , I did not know that! Thank you for the enlightenment. I agree with several of his methods to get rid of debt, but to be honest, he never sounds genuinely happy when he talks about his wife.
@@vidarebornlonewolf Dave has never felt the sting of divorce court or having his bank account cleaned out by a vindictive wife and her blood sucking attorney.
Ive worked at nucor for nucor for the past 3 years. My very first year I made $102,000. I’m an overhead crane operator at a plate mill. Dave is straight up spitting facts. Even after my overtime is taken away I make $80,000. High school graduate, no degree, no debt, just having a work ethic can get you super far in life. Plus they drop a 10% bonus into my 401k every year. They have mills all over the US, but like anything good in life you have to prove yourself and work to get the job.
You guys make a phenomenal product. I work for a steel supplier in the PNW we cnc cut parts out of plates, I’m also a crane operator just on a much smaller scale then an actual mill.
Factories pay more than minimum wage. They couldn’t find employees if they did. Unions are gone though, so good money can’t be made, but it isn’t minimum wage.
Regardless of whether or not someone actually got the cash value, the purchaser could just buy term, invest the difference in stocks etc, and have much, much more money in the end, which either the policy holder or beneficiary could access.
People with her mentality are all in favor of everybody being being at the same standard of living. Now when it gets to part of who thats going to be funded, you start hearing crickets. The people who are most in favor of getting something for “free” are generally the ones who have nothing to do absorbing the cost.
@@ammarhasan8973 In communism, wealth exists for the elite running the government, but the common man is dirt poor and oppressed. Ask anyone from Cuba or the former USSR. Ask those people how it was under communism.
@@elizabethblane201 Both USSR and Cuba had socialism, not communism. No country on this planet has ever been a communist country. Pick a copy of Communist manifesto and read it rather than blindly trusting the conservative media. Btw your knowledge of communism lucidly reflects you haven't studied Economics at college.
@@ammarhasan8973 Right, you respond just like Marxists do, with "they didn't do it right", "it's not pure communism" or something to that effect. Are you advocating communism as Marx proposed it?
Sandy - God love her. She's talking about an era of prosperity that existed due to War production. Do not wish it back. Dave isn't name-calling here, this is a discussion of Emotions vs. Logic - no-one is going to get their point across xx
It's ironic they think they are the "lesser evil" when really, having their way society would be even worse. Tough love, holding people accountable, and asking for responsibility and good choices is seen as "mean" or "unfair" or "not possible for some" and it's just tearing our culture apart.
@@coooooolguy87 that was so long ago - mid 90s got sold onto a whole life policy kind of thing - paying way too much monthly with the expectation the proceeds at some point would cover future premiums or something like that. over a short bit of time, the monthly cost was just not affordable - and the cash value after i think a couple years of paying - was almost nothing... just a young persons mistake - didn't cost me too much as i got out early...have had term life after getting married and it's a much better value...from my experience...thankfully no one has had to cash it in... I just recall feeling betrayed or sold something that really didn't benefit me - but then he was an insurance guy...my parents had their policies with him and that's how it started... I just recall a lot of BS - hindsight...
Why should wealth be evenly distributed? Answer:"Uhhhhh, Uhhhhh, because Uhhhh. I don't know but it sounds good to me." Dave is so patient with stupid people. "You said I belong to the uninformed party but I'm a Christian." LOL!!! What?!
Life insurance broker: "Cash value can be paid to the beneficiary if the policy is written appropriately." And that's when you know who's actually making sense. A beneficiary receiving the cash value of a whole life policy upon the death of the insured would seem pretty intuitive, no? Yet, for that to happen, the policy has to be written "appropriately." Imagine if a policy had to be written "appropriately" for the beneficiary of a term insurance policy to receive the face value. Or if Vanguard just decided to keep the value of your investment portfolio if you died before cashing it out.
I listned to DR when I was in under grad, now I'm in over grad getting ready to apply for govt. jobs. Looking at a salary of low 7k-8k a month. Oh and I'm debt free.
I don’t have a college degree and make more than people at my company that have multiple master’s degrees. I don’t need a handout. It’s called strong work ethic and drive.
Many factories in my small town Iowa pay very well: Purina, DuPont, Equistar, 3M, John Deere, Alcoa, nuclear power plants. People who didn’t go to college make a good living there if you like that kind of work.
I went to 5 years of school for a masters and one of my best friends went to school for 18 months. He makes about 50% more than I, and paid off his debt in a third of the time. They’re are plenty of opportunities for ppl with tech degrees out there. And not just opportunities; lucrative opportunities.
Sandy, high school graduates can easily make it in today’s society. Just look at all the trades schools, and delivery drivers. It’s all based on your choices. If you accept a low wage job, that’s your choice! No one is forcing that person to work at a low income salary. If you don’t like it, capitalism allows you the freedom to change. Socialism doesn’t allow change because everyone will make the same no matter what they do or how hard the work.
Coming out of highschool I worked at amazon for a month making $15/hr with 0 experience... I had the opportunity to work for this insurance company for ~$23/hr with 0 experience but i didn’t take it cause i went to college. Give me a break highschool graduates can’t make it today
When it comes to the world of investing,most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
I have incurred so much losses trading on my own... Trade well on demo but I think the real market is manipulated..can anyone tell me what I'm doing wrong?
Regarding Sandy’s stance, staying competitive is a quality of America. If a doctor is well-known as the best doctor in America, more people will want to go to that doctor and pay more money for the doctor’s service. Versus a inexperienced doctor who just started their practice. Having equality in income may not promote motivation for greater or better services or goods.
Sandy needs to read “Atlas Shrugged”. When you remove incentive for people to “build the better mousetrap,” guess what - people stop building better mousetraps. She probably has never put any effort into building her talents and skills and feels those who have succeeded owe her something. She wants the fruits of other peoples labor.
@@MegaClemie Look, I'm a truck driver. I would NEVER do this job if I wasn't paid well for it. Yeah, I get paid for driving, loading, unloading, etc but that's what's on the paperwork but I could do those exact same things elsewhere. That's not why I could make six figures if I chose to (I don't because I balance money against time with my family). I get paid for being away from my family, for not sleeping next to my wife every night, for not being home to put my little girls to bed, for comforting when I was out of their view for too long and they started crying, for risking my life and limbs in one of the most dangerous for injury or death in this country, etc, etc, etc. I would NEVER do ANY of that if I could make the same amount of money flipping burgers. The same goes for those who argue that it would be better to do away with money or whatever.
Exactly. Why in the world would anybody put forth any effort just to subsidize the slackers of society. These people are so childish, they can not think past what "feels" right.
Lol I have a GED in east Tn. I am 39 spent 20 years doing public service as a firefighter and emt . Now I am a teamster and make 90-120,0000 a year. You get what you put in.Dave, Love ya brother.
Any time a salesman starts talking about what "can" happen, run. Run fast, run far. "If the policy is properly arranged, you can..." should be followed by "thanks for your time, good-bye".
I knew of a guy who put his entire company retirement in a whole life policy after being told that he could take some out if he needed. Later took 20k out for home repairs etc. 20 years later, he received a 65k 1099 from the insurance company that he had to pay taxes on. Turns out, the insurance company had given the 20k in the form of a loan. Since the account went south during a downturn and showed a loss for years, it ate up his entire retirement of about 100k paying the loan back etc. He was asking me questions about committing suicide so his wife would not lose their house for the taxes that he owed for the loan and interest not paid. I was able to talk to the IRS for them, but it took a long time to explain. So not only did he lose all his retirement, but died with no whole life policy
Haha, the Business school argument of the insurance guy. I've had so many people in my class there, that were set up to do illegal stuff later in life.
The lady from Commifornia needs to but down the ipad and pick up a book. Her husband obviously won't talk to her so she has to chew Dave's ear off with all her lunacy.
99.9% her husband agrees with her and/or put those ideas in her head. if her husband didn't he'd have checked her and she most likely wouldn't have that view. leftists live in echo chambers and end up like this nutty lady.
I graduated high school with a 1.8 gpa. Got a job at a company hanging Sheetrock, worked my butt of to make a good impression. Work my way up the ladder and asked to get certified as a welder through that company. Did that until I saved enough money to go to community college and get a technical degree in industrial electronics. Graduated cum laude, and still worked while in school. Now make 80k a year not including my investment portfolio. Anything is possible. Work ethic is everything.
Good job Joe! $80K is a good salary and a little above average. However, making above average in the 50’s be Joe is way different in terms of affording housing, healthcare and college, etc.
Dave is light and misguided on investing advice, but he's spot on with respect to whole life insurance. That has to be one of the biggest legal scams out there. How insurers can sell a product that doesn't pay out the cash value at death is beyond me.
@@likaboss7654Apparently his mutual funds have averaged 12-13% over the span of a couple decades vs the market at 11%. Plus, some mutual funds pay dividends. So with one big enough, you can literally live off it
Hi Dave love your show I would like to comment out what the lady was talking about Not having equal opportunity I'm an 8 grade educated guy in America That is running a multi million dollar company in the State of Ohio how did I do that Start teaching RUclips learning reading failure after failure until I succeeded
Caller "Henry Ford filed bankruptcy 17 times!"
Google: "Henry Ford filled bankruptcy twice." 🤷♂️
Yeah easy look up
Heh, did the same.
an insurance guy who lies? Noooo, say it ain't so!
@@ericdahl2915 I think this is referring to the Marxist lady. Insurance guys definitely lie though.
Post Modernist will believe anything they see on social media
Cant decide if the first guy sounds like Donald Trump or Bernie sanders😂
Hahaha 😂
JFK
😂
Neither lol. I remember this call; this guy was from Salem, MA, only about 40 minutes from me. The North Shore accent is very distinct 😛
yoooo was thinkin the same more trump tho
Sandy: I think people want to go back to how things were in the 40s.
Dave: The bread lines?
I died laughing when he said that 😂😂
😩😩😭😭
Yea except she has a great point about how much more difficult it is for someone out of high school to find a career in a company that will pay liveable wages vs in the 40s 50s and 60s. Where are all of these jobs?
@@KrustyQuad I believe its a lot easier to make money today than it was decades ago, especially considering how advanced our technology is now. Now a days you can make money from any app downloaded to your phone. Also, there are plenty of entry level positions that are being offered by companies, and folks who are fresh out of high school apply and get those jobs all the time. Not to mention these entry level jobs like call center jobs usually pay over the minimum wage. The problem though is most people hate working those types of jobs so they don't take it, and yet there are some people who take any job that's out there and then make it work for them to their own advantage whether they're being paid minimum wage or not. It all depends on how you manage your money and how you're living within your means.
@@KrustyQuad Working at a company where our shop guys make 6 figures down here in Texas. Now we do work 72 hour weeks but it's possible to make money without a degree.
This first guy 😂😂😂. He’s probably losing money in his job, and he’s taking it out on Dave. 😂😂
Was that Trump?
Yes 😂😂😂
The second caller absolutely proves that IQ is not distributed equally
@@Matthias_Fischer "given" by whom? In the USA we have infinitely more opportunity than 99% of the world. Complaining about opportunity in America is incredible ignorant and tone deaf.
She is regurgitating Facebook posts.
@@Matthias_Fischer why is it that parents passing down wealth is unfair? Is it "unfair" that LeBron James' parents passed on amazing physical gifts? Should we make him play basketball one handed to make it "fair"?
🤣🤣🤣🤣🤣
And she she thinks she deserves the same as someone working 80 hours a week.
The insurance salesman is just salty Ramsey’s financially educating people.
To sell crap products you got to drink the company kool aid
Financially educating people? In the same discussion he says credit cards are crap and serve no purpose. If you have the discipline to pay off your balance, it’s an incredible tool. I make between 2-5% on almost everything I spend.
@@James-zy4nc yes I use them to build credit and get cash back as long as you pay them off monthly. Sadly most people can’t do it so probably better to just tell them to stay away.
@@James-zy4nc yea the moment he said there is no reason to ever use a credit card it’s clear Dave is out of touch.
@@James-zy4nc people would have to be high spenders in order to make a good amount back in cash back. Let’s say 100,000. and let’s say you get a average of 3.5%. You would get 3,500 of you spent 100% of your income which you would never be able to do. So let’s say with taxes and spending money you couldn’t put on the card your able to spend 75% of your income which is still very high. That’s 2650. Which is ok return. Most people he talks with are not high income individuals making over 100k they also are calling because they are not disciplined hence why half of his callers call in because of debt. A good chunk of which is credit card which has the highest interest rates among debt. So telling everyone to stop using credit cards is a great idea because our country owes 807 Billion in credit card debt. So most people are not disciplined or credit cards allow people to make poor financial decisions now and pay for their mistakes later.
“Have you ever read Karl Marx”
“No… I’m not a communist”
“Yea you are!”
Karl Marx didn’t believe in equality of outcome either…
No…she’s a “Democratic” Socialist. Gaining momentum and destined to destroy our society.
@@YankeeStacking Yet she is advocating for Nordic country polices. "democractic socialist" is mislabeling as social democracy (keep most industries in private hands). The USSR in the 1980s ecconomic equality on par with the Noridc countires (ppl were paid differently depending on quota ouput and profession).
Marixsts are into from ability to contribution before from ability to need (once economic development is feasible).
Well she's arguing for class warfare lol, by arguing social unrest is called by wealth inequality.
My mom passed 7 years ago at age 71. She had a $25,000 whole life policy. I calculated how much my dad would have had had they just invested the premiums in a 5% interest account = $245,000. What a scam! Then the agents who insisted that they hand-delivered the check had the nerve to try to sell my dad more whole life insurance using my mom’s benefit. I had explained all this to my dad well before the slime balls arrived. He took the check and quickly showed them the door before they had a chance to even sit down. See ya!
@George Arkwright I did. Age 25-71. I ran her monthly premium through Dave’s investment calculator using 5% as the interest.
@@dakotadak100 I was going to say I have Term Life Insurance where I pay $100/month for 120k
@@dakotadak100 I've actually been told it's very good, I'm only 27 and goes till 2093 and came into affect this year. And I'm never sick, broken bones, no surgeries. Honestly rarely ever go to the hospital at all.
@@dakotadak100 I definitely not term I wouldn't do that. I just looked at the policy. Says Pay to 100 years, Policy Benefit is currently 118 and change and dividends is "Paid Up Additions" (which is know is insignificant)
@@dakotadak100 Personally I rather not throw the name out there, but it's a special rate I kept from a company I used to work for.
The first guy is just mad because Dave is giving his customers a reality check 😂😂🔥
I lost it when she said Henry Ford went bankrupt 17 times. 17 TIMES!! Stupid is an understatement for this woman. FYI he went bankrupt twice.
Typical FB news feed liberal. Just believe every clickbait headline and take it as truth.
@@CodiTheJedi economic fairness is what we should pursue
@@CodiTheJedi Henry Ford was a nazi and was awarded by Hitler! Take that and learn some history
@@Genxrgonemad fairness? the only unfairness is lack of effort
Henry Ford...filed for bankruptcy TWICE. NOT 17 times... It took 5 seconds to look this up...
Sandy.... Oh Sandy Sandy Sandy..... If you literally just take all the money in the world and divide it up evenly... Nobody will work any more. If somebody sitting at home gets the same amount of money as the guy working building roads in LA in 100 degree heat... The guy laying asphalt is going to say "Screw this.... I'll go sit at home in the AC watching wheel of fortune"
There is no incentive to work... to excel... to create and innovate if you are never allowed to see the rewards of your labor.
The Sandys of the world believe this moronic lie that equality of outcome is achievable and desirable.
She's saying the Waltons and Koch brothers shouldn't have as much wealth bc they should pay a higher marginal tax rate and not be given tax deductions. She said nthg about the working rich. Instead it seems she's most unhappy with the ultra wealthy. If she's a communist then so was FDR. Those breadlines weren't in the 40s, they were more in the 30s or before ww2, after the unfettered capitalism that crashed the stock market. There's a middle ground like in Scandinavia or Germany, capitalist societies with strong social safety nets. She thinks wages should be higher so there's an actual middle class, and they should. Going back to the 60s isn't communism. Having a wage you can support a family on without relying on welfare is better for taxpayers. Having affordable education, or the ability to climb in a company as a blue collar worker isn't communism. At the end he had to agree the system was kinda rigged even if it made sense in order to establish companies in a given town. Those steel workers he's talking about, auto workers, have gone down in number due to trade deals. They are a smaller percentage of the working class, even if they do exist in some towns. Look at Detroit. Used to be a manufacturing mecca, now it's gutted bc things got sent to Mexico thru NAFTA. Big reason people in the Rustbelt voted for Trump over Hilary.
I have a feeling Sandy is a Democrat,
First caller wants Dave to agree so he can sell his crappy insurance and rip people off.
You got it right 💯
Yup
He spoke like the insurance salesman that he is.
The scary part is there are millions of Sandys in this country.
And they vote!
80,000,000 sadly
@@johnsteele8073 ha good one :)
@@BearsBeersBeets you're the one resorting to grade school insults. I just bench pressed 280 come find out tough guy lol
@@johnsteele8073trump got bodied. 😂😂😂😂😂😂😂😂
Sandy needs a reality check...she's more unrealistic in her belief than my kids! Wow! She can stay in CA.
It's weird that's there is crazy people like her. And she said she was christain?? Um, I dont think so...
Commies amongst us
Well shes a woman so who cares about her opinion
Hey :) I don’t agree with what she said but that doesn’t affect her Christian beliefs about Jesus’ life and resurrection
I’m 20 working factory job for 5months and am at 50k a year and there’s many places you can make that or more and I could’ve been an 8th grade dropout and get these26-35 dollar an hour jobs
TWICE, that is how many times Henry Ford claimed bankruptcy.
Was she reading the comics?
Yeah, just google it sandy
She miss spoke
I love Sandy's argument 😂 I'm literally fresh out of highschool, working at a factory making 15k more than the average american
What do you do more specifically?
@@F479999999999 I work in a manufacturing plant making fiber optics
I have a buddy who got a job as a pipe fitter for the navy fresh outta HS; he’s currently making around $80,000 a year at age 22. And no student loan debt dragging him down!
@@ptrs41653 yeah wait till hes 25 with back issues and a miserable life
@@John-ru4gz yeah if you don't take care of yourself and/or you're a puss
Sandy desperately wants to be a victim.
She is why we can't have nice things.
@@justinacase2623 Very true.
How often does she want us to level the playing field?
Nailed it
I know a few like her. That's exactly it
Insurance agent rages out because radio host exposes how bad their product is.
ROCKETS2965 the end of that call was cut off
And also because they barely make anything
Sandy - I live in Corpus Christi Texas with a population of 400,000… statistics are here that 60% yes SIXTY percent of working men work in the oil fields here. And starting pay is $60,000. This lady is so lost.
yeah but that's a _rarity_ !
“Breadlines” lol
Insurance guy wants to sell more of the high commission whole life.
sounds like he tried to sell it and he’s mad that someone looked at him and said dave ramsey said that’s shot i’m not buying it.
low class philly accent
@@rodrigorodriguez509 No. It's a N.Y. city accent!
@@thelibertyprojects.4747i did that to this guy who tried to support my detailing business then tried to poach me for whole life
The second caller hasn’t had an original thought in quite some time…
Also the breadlines comment had me rolling 😂
My wife and I make 150k a year between us working in factories building RVs. Been doing it for 11 years since we were 18.
Good for you, that’s awesome
@Eli Rodriguez-Torres working at a factory and you cant make $75k a year?
@@insideoutsideupsidedown2218 I work in a factory and make 100k
@@mattkolmer i keep getting minimum
wage offers at factories…. what the fuck 15$/hr
@@Madcatcon199 I make 31.30.
You're not going to beat papa Dave with this lunacy.
About Sandy from Los Angeles, CA...
Look, I'm a truck driver. I would NEVER do this job if I wasn't paid well for it. Yeah, I get paid for driving, loading, unloading, etc but that's just what's on the paperwork. I could do those exact same things elsewhere for less pay. That's not why I could make six figures if I chose to (I don't because I balance money against time with my family, though I do make decent money). I get paid for being away from my family, for not sleeping next to my wife every night, for not being home to put my little girls to bed, for comforting my daughters when I was out of their view for too long and they started crying thinking I had left without telling them, for risking my life and limbs in one of the most dangerous for injury or death in this country, etc, etc, etc.
I would NEVER do ANY of that if I could make the same amount of money flipping burgers. No offense to those who flip burgers. I've done that before myself as well. Still, I would pick that over what I currently do if the pay were the same.
The same goes for those who argue that it would be better to do away with money or whatever
My boy dave had the second person trippin over her words 😂😂
I dropped out of high school and I am on track to be an everyday millionaire before I'm 40. There are opportunities out there if you're willing to work very hard and take risks.
Same.
Can’t even imagine living your life with the mindset that Sandy has. Wow. God help people like that.
When my brother passed away recently, I found I was his beneficiary and after he paid into it for so look many years, it paid out hardly anything. Stay away from Whole Life.
"I won't get into the issue of performance" I guess not, haha!
“The issue of performance” lmao!
How the wife starts the convo when she wants to have a talk about things that annoy her about me. Lol!
44 yrs old, don’t have credit card and most of my purchases are done by cash. I like this show.
I'm starting to use cash a lot more after having someone charge something on my credit by accident or having my credit card freeze. Do you withdraw cash per biweekly based on your paycheck or a month ahead of time?
@@MissTopDJ007 biweekly based on paycheck draw about 10-20 % in cash it’s always good to have change on you
Then how do you build your credit?
The first guy reminded me of the Matrix. Dave was offering him the Red Pill. The guy said no thanks and took a double dose of Blue Pills.
@Andrew E you outta debt yet?
@Andrew E I understand where you are coming from. I've never heard his advice on dating and women. Care to give a rundown?
He tells every guy and girl to get married. Knowing that their odds of it working are slim to none, and slim left town.
@@justinacase2623 , I did not know that! Thank you for the enlightenment. I agree with several of his methods to get rid of debt, but to be honest, he never sounds genuinely happy when he talks about his wife.
@@vidarebornlonewolf Dave has never felt the sting of divorce court or having his bank account cleaned out by a vindictive wife and her blood sucking attorney.
Really wished Dave would have asked Sandy "Just how high are you right now"
the second lady XD XD XD " we want to go back to the 40's after ww2" Dave "you mean bread lines??!?" LMAO what a quack
“The bread lines” 🤣🤣
The best part was when Dave muted Sandy.🤣
Ive worked at nucor for nucor for the past 3 years. My very first year I made $102,000. I’m an overhead crane operator at a plate mill. Dave is straight up spitting facts. Even after my overtime is taken away I make $80,000. High school graduate, no degree, no debt, just having a work ethic can get you super far in life. Plus they drop a 10% bonus into my 401k every year. They have mills all over the US, but like anything good in life you have to prove yourself and work to get the job.
You guys make a phenomenal product. I work for a steel supplier in the PNW we cnc cut parts out of plates, I’m also a crane operator just on a much smaller scale then an actual mill.
This is a long shot since this was posted 2 years ago, but did you go to trade school or did they pay for your training?
I work at another steel mill down the road from a Nucor plant. They trained me and I walked in at $70k.
The fact that the insurance guy didn’t want to talk about the issue with performance on whole life insurance is an issue itself.
That first guy is drinking the corporate insurance kool-aid hard.
This is so much fun! Please put more of these clips together!
From the moment he said “I’ve posted some things on your site” I knew he was going to be one of those can I speak to your manager type dudes
Lol
Sandy just watched a documentary with no real sources and decided she was an expert
Bingo
Factories pay more than minimum wage. They couldn’t find employees if they did. Unions are gone though, so good money can’t be made, but it isn’t minimum wage.
Sandy please do America a favor and stay in .....California
Caller: wealth should be equally distributed
Dave: you're a commie. Also, sell the car
“The bread lines?” 😂
They misspelled Karen, Sandy just wants to talk to the manager of life.
Sandy should just stick to watching the view
Best comment ever! 🤣
😂😂😂😂😂
Regardless of whether or not someone actually got the cash value, the purchaser could just buy term, invest the difference in stocks etc, and have much, much more money in the end, which either the policy holder or beneficiary could access.
“The bread lines” 😂
That second caller was delusional
This was GREAT!!
Sandy is a believer of communism 😂
People with her mentality are all in favor of everybody being being at the same standard of living. Now when it gets to part of who thats going to be funded, you start hearing crickets. The people who are most in favor of getting something for “free” are generally the ones who have nothing to do absorbing the cost.
In communism wealth does not even exist. Karl Marx wanted to establish a classless and money less society.
@@ammarhasan8973 In communism, wealth exists for the elite running the government, but the common man is dirt poor and oppressed. Ask anyone from Cuba or the former USSR. Ask those people how it was under communism.
@@elizabethblane201 Both USSR and Cuba had socialism, not communism. No country on this planet has ever been a communist country.
Pick a copy of Communist manifesto and read it rather than blindly trusting the conservative media.
Btw your knowledge of communism lucidly reflects you haven't studied Economics at college.
@@ammarhasan8973 Right, you respond just like Marxists do, with "they didn't do it right", "it's not pure communism" or something to that effect. Are you advocating communism as Marx proposed it?
Sandy - God love her. She's talking about an era of prosperity that existed due to War production. Do not wish it back. Dave isn't name-calling here, this is a discussion of Emotions vs. Logic - no-one is going to get their point across xx
It's ironic they think they are the "lesser evil" when really, having their way society would be even worse. Tough love, holding people accountable, and asking for responsibility and good choices is seen as "mean" or "unfair" or "not possible for some" and it's just tearing our culture apart.
You’re uninformed, that’s not a party
Love you Dave
Never trust an insurance agent...I learned that early in my life...a painful and expensive lesson.
Please explain for research purposes
@@coooooolguy87 that was so long ago - mid 90s got sold onto a whole life policy kind of thing - paying way too much monthly with the expectation the proceeds at some point would cover future premiums or something like that. over a short bit of time, the monthly cost was just not affordable - and the cash value after i think a couple years of paying - was almost nothing...
just a young persons mistake - didn't cost me too much as i got out early...have had term life after getting married and it's a much better value...from my experience...thankfully no one has had to cash it in...
I just recall feeling betrayed or sold something that really didn't benefit me - but then he was an insurance guy...my parents had their policies with him and that's how it started...
I just recall a lot of BS - hindsight...
What about agents who sell term life?
Why should wealth be evenly distributed? Answer:"Uhhhhh, Uhhhhh, because Uhhhh. I don't know but it sounds good to me." Dave is so patient with stupid people. "You said I belong to the uninformed party but I'm a Christian." LOL!!! What?!
Then you don’t believe in the worlds of Christ
Life insurance broker: "Cash value can be paid to the beneficiary if the policy is written appropriately."
And that's when you know who's actually making sense. A beneficiary receiving the cash value of a whole life policy upon the death of the insured would seem pretty intuitive, no? Yet, for that to happen, the policy has to be written "appropriately." Imagine if a policy had to be written "appropriately" for the beneficiary of a term insurance policy to receive the face value. Or if Vanguard just decided to keep the value of your investment portfolio if you died before cashing it out.
This is the best comment yet! Bravo on your common sense and intelligence!!!
Reading the comments before I really get into the video. Can’t wait to see this sandy clip.
I listned to DR when I was in under grad, now I'm in over grad getting ready to apply for govt. jobs. Looking at a salary of low 7k-8k a month. Oh and I'm debt free.
I don’t have a college degree and make more than people at my company that have multiple master’s degrees. I don’t need a handout. It’s called strong work ethic and drive.
Many factories in my small town Iowa pay very well: Purina, DuPont, Equistar, 3M, John Deere, Alcoa, nuclear power plants. People who didn’t go to college make a good living there if you like that kind of work.
I went to 5 years of school for a masters and one of my best friends went to school for 18 months. He makes about 50% more than I, and paid off his debt in a third of the time. They’re are plenty of opportunities for ppl with tech degrees out there. And not just opportunities; lucrative opportunities.
I like the way his radio station is keeping the "Sign up for Term Life Insurance" as if they're saying don't listen to the caller😅😅😅
Sandy, high school graduates can easily make it in today’s society. Just look at all the trades schools, and delivery drivers. It’s all based on your choices. If you accept a low wage job, that’s your choice! No one is forcing that person to work at a low income salary. If you don’t like it, capitalism allows you the freedom to change. Socialism doesn’t allow change because everyone will make the same no matter what they do or how hard the work.
Exactly!!!
Coming out of highschool I worked at amazon for a month making $15/hr with 0 experience... I had the opportunity to work for this insurance company for ~$23/hr with 0 experience but i didn’t take it cause i went to college. Give me a break highschool graduates can’t make it today
Sounds like that last lady hates the fact shes working at walmart making $10 an hr and not making the same as a doctor
Great video
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@Christy Logan You are right ma'am, trading without an expert or mentorship blows your entire account off.
And despite the economic crisis, this is also the best time to Invest in bitcoin or the stock market
I have incurred so much losses trading on my own... Trade well on demo but I think the real market is manipulated..can anyone tell me what I'm doing wrong?
Regarding Sandy’s stance, staying competitive is a quality of America. If a doctor is well-known as the best doctor in America, more people will want to go to that doctor and pay more money for the doctor’s service. Versus a inexperienced doctor who just started their practice. Having equality in income may not promote motivation for greater or better services or goods.
Sandy needs to read “Atlas Shrugged”. When you remove incentive for people to “build the better mousetrap,” guess what - people stop building better mousetraps. She probably has never put any effort into building her talents and skills and feels those who have succeeded owe her something. She wants the fruits of other peoples labor.
Dave destroyed poor Sandy's entire argument, sent her back to the minor debate leagues.
Just ask yourself do you want the worker at McDonalds making the same as a heart surgeon??
The question is would you bother going to medical school if you'll end up getting the same salary as a McDonald's employee?
@@MegaClemie Look, I'm a truck driver. I would NEVER do this job if I wasn't paid well for it. Yeah, I get paid for driving, loading, unloading, etc but that's what's on the paperwork but I could do those exact same things elsewhere. That's not why I could make six figures if I chose to (I don't because I balance money against time with my family). I get paid for being away from my family, for not sleeping next to my wife every night, for not being home to put my little girls to bed, for comforting when I was out of their view for too long and they started crying, for risking my life and limbs in one of the most dangerous for injury or death in this country, etc, etc, etc.
I would NEVER do ANY of that if I could make the same amount of money flipping burgers. The same goes for those who argue that it would be better to do away with money or whatever.
Exactly. Why in the world would anybody put forth any effort just to subsidize the slackers of society. These people are so childish, they can not think past what "feels" right.
Both jobs are equally as important so... yeah pay that burger flipper!
In Dave's world it's a whopper flopper.
Lol I have a GED in east Tn. I am 39 spent 20 years doing public service as a firefighter and emt . Now I am a teamster and make 90-120,0000 a year. You get what you put in.Dave, Love ya brother.
Hell yeah!.
Any time a salesman starts talking about what "can" happen, run. Run fast, run far. "If the policy is properly arranged, you can..." should be followed by "thanks for your time, good-bye".
He is definitely working a scam!
Who actually wants to go back to those times after WWII?
I knew of a guy who put his entire company retirement in a whole life policy after being told that he could take some out if he needed. Later took 20k out for home repairs etc. 20 years later, he received a 65k 1099 from the insurance company that he had to pay taxes on. Turns out, the insurance company had given the 20k in the form of a loan. Since the account went south during a downturn and showed a loss for years, it ate up his entire retirement of about 100k paying the loan back etc. He was asking me questions about committing suicide so his wife would not lose their house for the taxes that he owed for the loan and interest not paid. I was able to talk to the IRS for them, but it took a long time to explain. So not only did he lose all his retirement, but died with no whole life policy
I worked in insurance too and have told people like Dave has. And this was before I even heard of Dave Ramsey!
Who here is now gunna Google: “Oprah Dave Ramsey” ? 😹
Haha, the Business school argument of the insurance guy. I've had so many people in my class there, that were set up to do illegal stuff later in life.
Great job Dave to answer these people
The lady from Commifornia needs to but down the ipad and pick up a book. Her husband obviously won't talk to her so she has to chew Dave's ear off with all her lunacy.
99.9% her husband agrees with her and/or put those ideas in her head. if her husband didn't he'd have checked her and she most likely wouldn't have that view. leftists live in echo chambers and end up like this nutty lady.
I have my life insurance exam coming up and Dave Ramsey is making me reconsider it 😂
The license can be helpful! Add health insurance and financial planning and sell your services as a consultant for extra money!
That thumbnail is awesome 🤣🤣
I hope Sandy doesn't vote.
Oh, that NY accent. You knew the snake oil was coming.
Loved it!!! Whole life was a lie 😉
12:28 “Henry Ford went bankrupt 17 times” 😂😂😂
Big fan of your content . But never underestimate just how deceitful partners can be towards one another.
I made $29.30 an hour making peterbilts in denton tx. Best job I ever had.
How much are you making now?
Having ripped people off for THIWTY FIVE YEES Dave
😂😂
11:20 me as as high school grad who’s just started in a factory welding as I’m listening to this story 😂😂
I graduated high school with a 1.8 gpa. Got a job at a company hanging Sheetrock, worked my butt of to make a good impression. Work my way up the ladder and asked to get certified as a welder through that company. Did that until I saved enough money to go to community college and get a technical degree in industrial electronics. Graduated cum laude, and still worked while in school. Now make 80k a year not including my investment portfolio. Anything is possible. Work ethic is everything.
I’m a high school graduate, no college degree and I made $82,000 last year. And $70,000 is my base salary..... stop being a defeatist.
Good job Joe! $80K is a good salary and a little above average. However, making above average in the 50’s be Joe is way different in terms of affording housing, healthcare and college, etc.
Dave Ramsey schooling socialists... just inject that right into my veins, all day.
She missed the lesson though
“Schooling” is extremely generous
That’s a dominant and arrogant response to a difference of opinion dude
@@SD-ip2wb
Go to your safe place
@@T25de read your Bible
9:47 “the breadlines?” Bahahahahahahahahaahahah 🤣🤣🤣🤣🤣🤣
Dave, you have much more patience that I do, just listening to this circle logic gets my blood boiling. Thanks for trying to impart some common sense.
Dave is the epitome of circular pseudo-arguments
“Most responsible for the ‘good ol days’ is a bad memory.” Sandys never heard this I assume
Dave is light and misguided on investing advice, but he's spot on with respect to whole life insurance. That has to be one of the biggest legal scams out there. How insurers can sell a product that doesn't pay out the cash value at death is beyond me.
Index funds > managed mutual funds
@@likaboss7654Apparently his mutual funds have averaged 12-13% over the span of a couple decades vs the market at 11%. Plus, some mutual funds pay dividends. So with one big enough, you can literally live off it
Hi Dave love your show I would like to comment out what the lady was talking about Not having equal opportunity I'm an 8 grade educated guy in America That is running a multi million dollar company in the State of Ohio how did I do that Start teaching RUclips learning reading failure after failure until I succeeded
Banker : are you rich! No Banker: bye no loans for you 😂