You shared a quote one day that said, “You will never forget the person who came to you with a torch in the dark.” You were that person for me. I paid off my mortgage today. ❤️ Baby Step 7 ❤️ Paying off my mortgage became my “Covid Project” when I was lonely and working from home for three years. I would stream your shows for hours while I worked, to fill the silence. Having a goal for the future gave me hope. Thank you, Dave and crew, from the bottom of my heart. I will forever be grateful. ❤️ I’M DEBT FREE ❤️
Brandon sounds like a good man and a good dad that is just overwhelmed being stuck in the "messy middle" supporting a wife and young kids on a single income. Trading down the vehicles to reduce the debt and then working the debt snowball with a side hustle or good budgeting will help immensely. Wealth will eventually come while building those good habits. Best wishes to you Brandon. Don't be discouraged. You can do this!!
Connor from MS, a few of my most successful friends didn't go to College. One friend is a business owner and his net worth is over $15mil. The other has a side business and paid off his house with those proceeds. College isn't for everyone.
Groceries are NOT a "fixed" expense. Yes, we all have to eat. But if most families actually add up what they are spending on all groceries, they will figure out how much of the budget is going to that - groceries, eating out, snacks, coffee shop, etc. There are SO many ways to save on groceries and hundreds of You Tube videos and recipes. Does Brandon's wife work? If not, why not? If she is not working, she can cook from scratch and research ways to reduce expenses in every category. Where can she work part-time at least to pay her car?
I laughed about them telling the guy to sell the car that was just bought from a dealer and can probably profit. No way…all that meat is off that bone for now! That guy will be upside down for sure!
The electrician is struggling because he is an apprentice. He does not need to switch jobs, he needs to buckle down and get through his schooling while he and his wife work side jobs until he gets his journeyman's card. Once he becomes a journeyman, he can quickly pay off any remaining debt because he will get a huge raise in income. Until then, money will be tight, but his future looks extremely bright.
15:04 you can definitely do an fha streamline refinance no appraisal no nothing. Costs 0. I’ve closed probably 150 of those transactions myself. Speaking from experience.
Every time they tell the person to settle with a credit card company . They also need to tell them that that is income on your 1040 for that year. So it raises their income on their tax return, they will get a form in the mail to put it on their tax return. I know this for a fact because I worked for the IRS and it also happened to me. People have to ask how it affects their taxes when they are giving Financial advice. 😊
This show NEVER mentions taxes in any of their discussions. For example, if someone is $20,000 in debt, they tell them if they earn an additional $400 a month, then it will be exactly X number of months until the debt is paid. They don't figure at all that additional income will also be taxed.
No money down refinance isn't a scam. The angle is they take all the refinance costs & box them into principle of new loan. So U don't come out of pocket $, but loan amount increases. Been there b4, They tend to gloss over that.
HOW can a wife be a SAHM when they are $85,000 in credit card debt? Even with small children, women can work at least part-time. And why would the husband who has skills as an electrician be building decks? If he has a skill, he can be on his own rather than working for a family member. If your wife is "good," then she doesn't understand what $85,000 is.
That man sounded like he told his wife what to think. There was something in the way he phrased things. Either she is naturally meek and thinks she doesn't know anything and defers to him or she's learned to defer to him.
One thing I notice about Rachel is while I love her, and she's very kind and thoughtful, is that she hasn't really walked the walk like many of the other personalities have. When Jade gives advice it's like OK she's done it, but with Rachel it's like girl you never had to actuallydo this. Her advice is spot on to the steps and for the folks to win, but being real, It comes across a little bit different.
I respectfully disagree with the notion that someone has to have gone through hardship personally to give good advice. Does an oncologist need to have had cancer to diagnose and treat a patient? Does a divorce lawyer have to have gone through divorce to advise their client? Intelligence and empathy can fill whatever supposed lack of experience is missing.
Totally understand what ur saying. It’s not an attack on Rachel. Just an observation. There is a difference in having knowledge and having a lived-experience behind the knowledge. Not sure why everyone is so defensive.
if u are renting a house, It is not your house.Vanessa wants a master and have no idea what she's gonna do with it. Another cluless person on here while still running up debt.😊
Honestly these two are the best hosts for the show. Everyone else besides maybe John just cuts everyone off and I don’t feel like they actually listen to the callers questions.
There's something off about the call from that woman who had the divorce the bankruptcy and then she just sort of drops the bomb that her daughter died?
I don't think she would be gotten through the call if she addressed that. If Dr. John was on, he would be made her sit with her feelings and they might not have made the commercial break AND addressed her needing a job
Jade realy NEEDS to let her Co-Host talk. She doesn't have to jump on every question. She does this to every host. She needs to calm down in my opinion. Looks very awkward. Dave needs to coach her on this. Peace.
I disagree that she does this with everyone! She can barely get a word in when co-hosting with Ken, for example and it doesn't happen with Dave. I think the issue with today is that they are both money people rather than one money and one relationship or career person.
Common is a rare thing. How can people make such bad decisions? I'm guessing they buy big ticket items based on emotions, just like they approach voting.
@@Trustbutverify2651 False. In this episode Rachel is the host (she is in the driver's seat with the controls of the buttons etc) while Jade is the cohost (in the passenger's set).
Hello everyone. While I appreciate your advice, I'd like to point out that there's nothing wrong with a landscaping engineering degree. We should never discourage young people like Conor from pursuing their education. At 19 years old, he has a lifetime ahead of him to work. Knowledge is valuable, and a continuous learning mindset is more important than any specific job or business.. Learning mindset will open more doors and opportunities to him ..
Landscape architecture. Jade did say that people should increase their education for life. However, you can do that without going to college and for certain career paths, the degree is a waste of money. That's why they drilled into what he wanted from life. He would have been eating time and money if he pursued a useless piece of paper. People should only pursue a useful piece of paper
@@jenniferpearce1052 I agree. I think in Connor's case, a basic business class would be helpful. Maybe he doesn't need a degree, but he should understand all the moving parts of running a business.
They don’t understand profit sharing, I see. I don’t either. I’ve been looking into it for a friend recently. There’s a monthly, quarterly, or annual deposit into an account at whatever percentage the company decides (10, 15…whatever). The company’s profits are split between employees and serves as incentive for them to generate more profit. Apparently employees above a certain pay level can’t qualify for profit sharing. I’m just wondering if the account functions like an IRA where the money will sit and do nothing if the employee doesn’t request it be invested. It’s also kinda scary that they can just decide to decrease or stop profit sharing at any point but I guess the same is true for 401k/403B. Also, is there a cap on the amount that can be invested…like the $23k for 401k? Idk
I agree with you there. They have a lot of preconceived notions about investments, like assuming an employer- managed 401k will perform at about half the yield of mutual funds, which is simply bizarre. But that's something that Ramsey himself suffers from, so it's not about having the life experience but lacking the theoretical knowledge in more advanced investment vehicles. But again, the target audience of this show is people in precarious situations and very poor discipline.
Don’t think that’s the way it works. Maybe it drops off 7 years after it stops being reported to the credit bureaus? As long as the balance is being reported I imagine it stays on your reports.
Mike, don't listen to Rachel. Keep investing in your 401k if you have a match. That's 100% return which is more than the interest you're paying on your debt. You'll be ok.
I agree. They talk so much h about compound interest and time, but then tell ppl to pause investing for retirement. Sure you can add more money later when you're out of debt, but you can never add more time unless you plan to retire much much later.
Terrible advice to the woman in Tampa....those old debts can stay old..Get rid of the Ford..replace with a $5,000 car...Does she have daycare expense?. Nurses don't make that much money and Tampa because there's a glut in the market for nurses.. They are getting $25 an hour. My friend is a nurse there.
What kind of a nurse? A real RN earns good money; a CNA might call herself a "nurse", but she is really a nursing assistant and they do not earn the same salary as an RN.
In such situation there will not be kind and because reality under that situation is unpredictable, there is nothing ANYONE can do to adequately prepare.
Raquel said: If u have been in your house for a long time. ,Refiance may be a good thing. Not really. Once u finance , the mortage start all over again.
You'll only ever pay more if your interest rate goes up. If the going interest rate is higher than when you bought the house then you don't want to refinance. If it's lower, you refinance and pick up right where you left off with the original rate, but paying less. The mortgage itself doesn't start over. If that's what happened to you, you got scammed and I'm sorry!
@@patchworkfarms5327your second sentence is correct, other than that… What you’re attempting to describe sounds like a mortgage recast, but that’s different from a refinance.
Vanessa - My only guess as to what happened to your daughter in Seattle. Sorry for your loss. And it's a shame that our Gov gives handouts to illegals, but not citizens.
You shared a quote one day that said, “You will never forget the person who came to you with a torch in the dark.” You were that person for me. I paid off my mortgage today. ❤️ Baby Step 7 ❤️ Paying off my mortgage became my “Covid Project” when I was lonely and working from home for three years. I would stream your shows for hours while I worked, to fill the silence. Having a goal for the future gave me hope. Thank you, Dave and crew, from the bottom of my heart. I will forever be grateful. ❤️ I’M DEBT FREE ❤️
Amazing! Congrats!!!
Congratulations! Discovering the Ramsey Team was also the rare "bright spot" of the COVID pandemic for me.
@@Christine83507 Look at you go! That's fantastic.
So well done and using a difficult time for a positive result.
Brought a tear to my eye! Congratulations!! 🎉
Brandon sounds like a good man and a good dad that is just overwhelmed being stuck in the "messy middle" supporting a wife and young kids on a single income. Trading down the vehicles to reduce the debt and then working the debt snowball with a side hustle or good budgeting will help immensely. Wealth will eventually come while building those good habits. Best wishes to you Brandon. Don't be discouraged. You can do this!!
1:07:30 The look on Jades face when Brandon addressed his wife as “his old lady” 😂
@@decapua I laughed at that too!
Can't pay electricity bills. Buys 40k car.
And their vote counts just as much as yours. Insane!
Connor from MS, a few of my most successful friends didn't go to College. One friend is a business owner and his net worth is over $15mil. The other has a side business and paid off his house with those proceeds. College isn't for everyone.
Hit the mute button on Shannon. Unbearable.
Skinnamarinky drunky-drunk...
My goodness Shannon stop talking and listen😂
She doesn't know how to listen! Wow.
She was horrible!!! 😂
If she already has a mortgage person then why is she even entertaining anything/anyone else? Smh
They should either not take those calls, or get better control of them when they happen
Groceries are NOT a "fixed" expense. Yes, we all have to eat. But if most families actually add up what they are spending on all groceries, they will figure out how much of the budget is going to that - groceries, eating out, snacks, coffee shop, etc. There are SO many ways to save on groceries and hundreds of You Tube videos and recipes. Does Brandon's wife work? If not, why not? If she is not working, she can cook from scratch and research ways to reduce expenses in every category. Where can she work part-time at least to pay her car?
I love Jade and Rachel together!!!!
I laughed about them telling the guy to sell the car that was just bought from a dealer and can probably profit. No way…all that meat is off that bone for now! That guy will be upside down for sure!
The electrician is struggling because he is an apprentice. He does not need to switch jobs, he needs to buckle down and get through his schooling while he and his wife work side jobs until he gets his journeyman's card. Once he becomes a journeyman, he can quickly pay off any remaining debt because he will get a huge raise in income. Until then, money will be tight, but his future looks extremely bright.
Please tell me that last sentence was an intentional pun!
Excellent post and advice!
15:04 you can definitely do an fha streamline refinance no appraisal no nothing. Costs 0. I’ve closed probably 150 of those transactions myself. Speaking from experience.
Every time they tell the person to settle with a credit card company . They also need to tell them that that is income on your 1040 for that year. So it raises their income on their tax return, they will get a form in the mail to put it on their tax return. I know this for a fact because I worked for the IRS and it also happened to me. People have to ask how it affects their taxes when they are giving Financial advice. 😊
This show NEVER mentions taxes in any of their discussions. For example, if someone is $20,000 in debt, they tell them if they earn an additional $400 a month, then it will be exactly X number of months until the debt is paid. They don't figure at all that additional income will also be taxed.
I think I only heard him mention that twice. That advice should be given to each caller so that they're prepared when tax time comes.
One of the best most efficient episode
No money down refinance isn't a scam. The angle is they take all the refinance costs & box them into principle of new loan. So U don't come out of pocket $, but loan amount increases. Been there b4, They tend to gloss over that.
Correct!! Ppl go into these things ignorant and uninformed.
The dream team,Rachael and Jade
I agree. Rachael and Jade are an amazing team. John D is my least favorite, and when he's on, I tune out😢
The guy with the totaled truck sounded like he needed it to go out of town to work
That's what I was thinking 🤔
There is such a glutch on the market in the tampa area for nurses that they can only get twenty five dollars an hour as a four year RN
HOW can a wife be a SAHM when they are $85,000 in credit card debt? Even with small children, women can work at least part-time. And why would the husband who has skills as an electrician be building decks? If he has a skill, he can be on his own rather than working for a family member. If your wife is "good," then she doesn't understand what $85,000 is.
That man sounded like he told his wife what to think. There was something in the way he phrased things. Either she is naturally meek and thinks she doesn't know anything and defers to him or she's learned to defer to him.
A part time job can't cover child care expenses.
@@Zee-zj2uh It can if it's online or if the wife works on the weekends when the husband is home.
What's a SAHM?
@@JanetKing-g9c Stay At Home Mom
One thing I notice about Rachel is while I love her, and she's very kind and thoughtful, is that she hasn't really walked the walk like many of the other personalities have. When Jade gives advice it's like OK she's done it, but with Rachel it's like girl you never had to actuallydo this. Her advice is spot on to the steps and for the folks to win, but being real, It comes across a little bit different.
I respectfully disagree with the notion that someone has to have gone through hardship personally to give good advice. Does an oncologist need to have had cancer to diagnose and treat a patient? Does a divorce lawyer have to have gone through divorce to advise their client? Intelligence and empathy can fill whatever supposed lack of experience is missing.
She’s knows what to do! And gives great advice.
How is that her fault that she was always been given good guidance lol. I guess if someone has to say something negative about her, that would be it 😅
Totally understand what ur saying. It’s not an attack on Rachel. Just an observation. There is a difference in having knowledge and having a lived-experience behind the knowledge. Not sure why everyone is so defensive.
@@Herhighness211 What is the difference in real terms in the case of financial advice? Can you give concrete examples?
if u are renting a house, It is not your house.Vanessa wants a master and have no idea what she's gonna do with it. Another cluless person on here while still running up debt.😊
I don't think Jade understands that the full market is available to you in an HSA investment account.
Poor Jasmine, first caller is broke as a joke! Hopefully she can turn her life around. Good grief!
Honestly these two are the best hosts for the show. Everyone else besides maybe John just cuts everyone off and I don’t feel like they actually listen to the callers questions.
John is just awful as a Ramsey radio personality
Just saying....
Loved this ep.. well the first half anyway… still can’t watch the rest in Australia 😢
I enjoyed the first call. But Shannon had me like 😣
There's something off about the call from that woman who had the divorce the bankruptcy and then she just sort of drops the bomb that her daughter died?
I don't think she would be gotten through the call if she addressed that. If Dr. John was on, he would be made her sit with her feelings and they might not have made the commercial break AND addressed her needing a job
Jade realy NEEDS to let her Co-Host talk. She doesn't have to jump on every question. She does this to every host.
She needs to calm down in my opinion. Looks very awkward.
Dave needs to coach her on this. Peace.
I disagree that she does this with everyone! She can barely get a word in when co-hosting with Ken, for example and it doesn't happen with Dave. I think the issue with today is that they are both money people rather than one money and one relationship or career person.
Some people make very poor choices. No common sense.
Common is a rare thing. How can people make such bad decisions? I'm guessing they buy big ticket items based on emotions, just like they approach voting.
Cameron from Atlanta.....c'mon dude, get a real job, get your wife to work, and pay off your debt.
Commercial electrician who can't make a living or pay his bills? COMMERCIAL ELECTRICIAN??? He can't be trying.
Ford Expedition is a gas eater! Tampa is a terrible drive here for traffic and tolls
Also, it sounds like 2 young people without kids. Why on Earth would they get a huge SUV?
is this the Jade Show? No matter if she is the host or co hostI love her but my goodness!
😬
no kidding. my favorite duo on the ramsey show is rachel and george k.
Jade & George K / Ken and everyone LOL
They've said several times on this show that there is really no host and co-host - both are the hosts simultaneously.
@@Trustbutverify2651 False. In this episode Rachel is the host (she is in the driver's seat with the controls of the buttons etc) while Jade is the cohost (in the passenger's set).
The first caller is in a financial mess.Caused due to stupidity and none sense.
Shannon’s drunk lol
Sipping that bathtub gin for sure haha!!
I've met people who are like that sober. It's exhausting!
Hello everyone. While I appreciate your advice, I'd like to point out that there's nothing wrong with a landscaping engineering degree. We should never discourage young people like Conor from pursuing their education. At 19 years old, he has a lifetime ahead of him to work. Knowledge is valuable, and a continuous learning mindset is more important than any specific job or business.. Learning mindset will open more doors and opportunities to him ..
Landscape architecture. Jade did say that people should increase their education for life. However, you can do that without going to college and for certain career paths, the degree is a waste of money. That's why they drilled into what he wanted from life. He would have been eating time and money if he pursued a useless piece of paper. People should only pursue a useful piece of paper
@@jenniferpearce1052 I agree. I think in Connor's case, a basic business class would be helpful. Maybe he doesn't need a degree, but he should understand all the moving parts of running a business.
They don’t understand profit sharing, I see. I don’t either. I’ve been looking into it for a friend recently. There’s a monthly, quarterly, or annual deposit into an account at whatever percentage the company decides (10, 15…whatever). The company’s profits are split between employees and serves as incentive for them to generate more profit. Apparently employees above a certain pay level can’t qualify for profit sharing. I’m just wondering if the account functions like an IRA where the money will sit and do nothing if the employee doesn’t request it be invested. It’s also kinda scary that they can just decide to decrease or stop profit sharing at any point but I guess the same is true for 401k/403B. Also, is there a cap on the amount that can be invested…like the $23k for 401k? Idk
I agree with you there. They have a lot of preconceived notions about investments, like assuming an employer- managed 401k will perform at about half the yield of mutual funds, which is simply bizarre. But that's something that Ramsey himself suffers from, so it's not about having the life experience but lacking the theoretical knowledge in more advanced investment vehicles. But again, the target audience of this show is people in precarious situations and very poor discipline.
The $18,000 is over 7 years old it all should have dropped off her credit report. She shouldn't have to pay any of it.
Don’t think that’s the way it works.
Maybe it drops off 7 years after it stops being reported to the credit bureaus? As long as the balance is being reported I imagine it stays on your reports.
I pay for solar panels. Got my 2007 truck for $8K cash.
Mike, don't listen to Rachel. Keep investing in your 401k if you have a match. That's 100% return which is more than the interest you're paying on your debt. You'll be ok.
I agree. They talk so much h about compound interest and time, but then tell ppl to pause investing for retirement. Sure you can add more money later when you're out of debt, but you can never add more time unless you plan to retire much much later.
Terrible advice to the woman in Tampa....those old debts can stay old..Get rid of the Ford..replace with a $5,000 car...Does she have daycare expense?. Nurses don't make that much money and Tampa because there's a glut in the market for nurses.. They are getting $25 an hour.
My friend is a nurse there.
What kind of a nurse? A real RN earns good money; a CNA might call herself a "nurse", but she is really a nursing assistant and they do not earn the same salary as an RN.
Jade is so fine 😍😍😍😍
The dollar is losing value and soon will not be 'king'. What is being done to prepare listeners for this transition?
In such situation there will not be kind and because reality under that situation is unpredictable, there is nothing ANYONE can do to adequately prepare.
Where is Dave?
A while ago he said he was going on a vacation. Maybe he’ll be back next week I think.
He really does not need to explain his whereabouts to the listening audience at all times. Go on the cruise if you need contact with him that badly.
Oh my gosh Jade shut up!you are quick to give advice without listening!!!be empathetic for once!🙄
Yeah, being condescending and quick to judge is her spiritual gift.
Raquel said: If u have been in your house for a long time.
,Refiance may be a good thing. Not really. Once u finance , the mortage start all over again.
Not if you refinance for a shorter term
You'll only ever pay more if your interest rate goes up. If the going interest rate is higher than when you bought the house then you don't want to refinance. If it's lower, you refinance and pick up right where you left off with the original rate, but paying less. The mortgage itself doesn't start over. If that's what happened to you, you got scammed and I'm sorry!
@@patchworkfarms5327your second sentence is correct, other than that…
What you’re attempting to describe sounds like a mortgage recast, but that’s different from a refinance.
If you've been on a 30 year for a few years refinancing to a 15 year may be worthwhile.
You can choose a 20 or 15 year term on the new mortgage - it's not necessary to choose 30 years again.
Rachel is a cute af
Sometimes
Vanessa - My only guess as to what happened to your daughter in Seattle. Sorry for your loss. And it's a shame that our Gov gives handouts to illegals, but not citizens.