You Should Be Furious at Your Debt! | October 3, 2024
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- Опубликовано: 5 окт 2024
- The Ramsey Show | October 3, 2024
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Dave Ramsey & Ken Coleman answer your questions and discuss:
"My car note is $850 a month, what can I do?"
"Should I look for a new job to increase my income?"
"Is 60% too much to be investing?"
"I love the finance world but hate selling debt,"
"Is it okay to spend 28% on our mortgage?"
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Omg... Kevin and Kelly's debt free scream had me grinning throughout the whole segment. Every time I see a debt free scream I'm so happy for them and so proud of them even though I've never met any of these people. ❤️
On my bucket list within the next 5 years is to go travel with my husband to Nashville to do a debt free scream. Currently on baby step 3.🙌🏽🙏🏽
Lovely family. It was more of a "Debt-free declaration" than a scream.
Imagine filing for bankruptcy and buying a new Jeep you can't afford 2 years later
I'm glad you made this video, it reminds me of my transformation from a nobody to good home, honest wife, $75k biweekly and a good daughter full of love❤️
Hello how do you make such monthly??
I'm a born Christian and sometimes I feel so down 🤦of myself because of low finance but I still believe in God 🙏.
Thanks to my co-worker (Alex) who suggested MS CHRISTINE EVELYN MACKIE
She's a licensed broker here in the states 🇺🇸 and finance advisor.
After I raised up to 525k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Please can I reach out to her in anyway, I'm a Christian too? 😭
You spoil us Dave! I've digested a plethora of personal finance oriented channels here on RUclips over the years and the only two that I can still stomach are you and Erin. You give the very best and spot on advice and ask thought provoking and unbiased questions that help listeners like myself become better. More importantly, thank you for recommending Abby Joseph Cohen Services my investment portfolio with her has been quite sustaining
Abby Joseph Cohen Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
The very first time we tried, we invested $7000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
How can i reach this Abby Joseph Cohen, if you don't mind me asking? I've known her by her reputation at Goldman Sachs
@@EdenaCrisiWell her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
@EdenaCrisi Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to set up an appointment.
So relevant: "Why is it the government is the place you go to get your needs supplied?" Man, common sense is refreshing.
Wait, someone files bankruptcy 4 years ago and then goes to the dealership and takes a 50k loan on a car. That is as Ameican as it gets😅😅
This explains Trumps' popularity with Ramsey followers.
@@natesullivan323Would you say the same regarding people on food stamps on the Harris side ?
@@RickroxxUsa If there was an interview with someone that claimed to be the king of food stamps...like Trump has claimed to be the king of debt...and Harris supporters were all in the person's favor...I probably would. That's the scenario that would make these equivalent.
Dave mentioned to the woman in Portland OR with two young children that she should only buy a house on a 15 year mortgage where the payment is a quarter of the take home pay. In Portland in 2024, the average home price is about $530k. So including taxes and insurance, the payment would be $4148 per month, and she would need a gross income of $265,000 per year. Let that sink in. That's what she would need to buy the average house with Dave's guidelines, even with 20% down. Dave has helped a lot of people, but the rigid thinking around this topic has room for improvement.
There's nothing bad about having a nice car, what's bad is when your nice car has you!😮
I don't think he understood what Abigail was saying and I felt like Ken did but didn't want to go against Dave. I've spent my career in the nonprofit sector (which absolutely has some major problems). I briefly worked in corporate PR and it is ruthless though much higher paying. I felt like I was paid to tell lies and make things look pretty and keep people looking the other direction. In my current nonprofit role, I feel good about telling stories of people who have received services during low points in their lives and bringing awareness to major issues plaguing our country and my state specifically. It's not about thinking I'm holy. It's about not feeling icky at the end of the day just for a bigger paycheck.
An amazing couple with debt free scream! So encouraging!
Congrats Kevin & Kelly!! You all are awesome
Love ❤️ this Show . Just found the Ramsey Family...🎉😢😮❤
This show and Dave’s principles have changed not only my financial life but my spiritual life as well. Dave may seem harsh and direct but he is willing to help and advise no matter anyone’s religion, color or political background.❤❤❤
Awesome Dave! Can’t serve two masters!
Such good wisdom and advice. ❤
I don’t know how to comment on the podcast so here I am. I love the podcast you hosted with your daughter together! Especially when it’s related to the family issues, such a great combination together from viewpoints of both generations. And the interaction between you two just makes me laugh a lot 😊 in a good way! Make me feel that Dave is less a pure financial planning guru, but a real person that’s close to us and suggests people for their goods.
14:00 or those who started watching or listening to the interview continued listening because they were hoping to hear more in-depth questions about the economy and other pertinent issues answered, to no avail.
We bought less house than we could have if we had pushed it. Now we're empty nester and the house is definitely large enough.
Same. Although, because our youngest is disabled, we'll never be truly empty nesters. But a 4 bedroom home is definitely large enough. Would love to actually downsize, but we finally reno'd and landscaped so the house is exactly how we went it. Plus the fact that what we want (a one story), although smaller, is more expensive than our current house. No, thank you!
Lol the first guy is cooked. Not to throw shade but Jeeps drop value like a boulder.
Dave what about health insurance for Abby. If she leaves her job????
Exactly! Especially since she has a cancer diagnosis
Dave: “If you will live like no one else, later you can give like no one else.”
Luke 21: "So He said, “Truly I say to you that this poor widow has put in more than all..."
Hey Papa Dave, I am a Zambian Registered Nurse who made a series of bad financial decisions and wished I landed on your videos earlier in my life. Currently in debt of about K60,000, approximately $2300. i have no idea how to come out of it, it's taken its toll on my marriage which is basically hanging by a thread now. I am at the end of my rope. what advice do you have for me to come out of this situation? I pray that one day I will have a debt-free house
Sell you car, don’t spend money with credit cards don’t eat out, cook at home 🏠 get a part time job if you need more money
Please keep watching DR for education, steps and inspiration to get out of debt. Maybe marital counseling for you both or individual for help and prospective on your marriage. Wishing you all the best. It’s possible to get yourself out of debt once you have a plan in place. ❤🙏🏼🙏🏼🙏🏼
The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I'm convinced that investing 50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard. I have around 200k in a HYSA and want to invest it. What are the best opportunities now?
I don’t understand the staggering amount of people that pay Too much for everything. I have two homes debt free , didn’t pay a dime in interest. In the last 40 yrs never paid cc interest nor car loan. All it took was to tank my credit at 23 with a new car loan . I screwed my credit so bad I promised myself I’d never give these thieves outrageous interest rates again and never make a card purchase I couldn’t pay off in 30 days . A big help was I quit drinking and smoking 24 yrs ago , so the math on booze 🥃 and cigarettes. I’m ashamed to admit I do have a small car loan now but it was a smoking deal on a 4 yr old Camry with lo lo miles and I put half down $250/mo very manageable. I retired at 56 on rental income and I’m in Vietnam enjoying retirement
well i tried to be biblical in my rebuke of debt and i looked my mortgage right square in the eye and said cursed thing i don't know thee...it laughed...
on a funner side love the show and your ideas while i was in biz expansion construction phase took me from around 1M to around 60G today in mortgage...
a reasonable life is fun and stress free
New York State actually has a Paid Family Leave Act for your own medical care or Family members medical care but it does not cover 100% of your pay
Forget the financial stuff, that beat at 52:36 is dirty 😂
MA does have Paid Family and Medical Leave that most employers are required to offer
Dave is way off with that Massachusetts caller, but she also did a terrible job explaining the situation. 13 states and DC require paid family and medical leave for their residents. It's paid via taxes from the employees and employers. Where I live, each parent can take 12 weeks of parental leave for newborns, moms have 2 weeks to take for Prenatal care, and you can take 2 or 3 months off to care for a sick close relative or your own illness. There's also 16 weeks of FMLA instead of the federal standard of 12.
Where are these cheap reliable cars at? Im willing to buy one but I cant find them. Any advice is appreciated
Got a 2020 Acura ILX with
I know Kevin and Kelly!!! I'm so happy for them!! Made me tear up watching!!🎉🎉
The new attorney lady. I think she is wanting to do the prosecutor side and spoke of the need there related to they have less people go that way. That is because they pay a lot less. Always have, and that's why it's hard to fill those slots. I would say to her, if she does defense for a while, it will give her an angle when she does go to the other table. She will know the real playbook over there more. And, just because someone is charged with something doesn't mean they are ' the bad guy.' Plenty of people unfortunately need defended against overzealous police, prosecutors, and AG's. It's all about balance, right? Some have lost sight of that and go just for numbers, and the truth gets left aside sometimes. Sometimes, not all the time. Plenty of bad guys need to get got also..
Or she doesn't like the fact that she may have to defend a truly guilty person just because the Constitution says we have that right, and she's a junior associate.
I don't get it. Someone goes through bankruptcy 4 years prior and ends up in a situation toting around an $850 a month payment on none other than a Jeep? He should have purchased a used $5000k car instead of going for that new car smell.
55:38 Great question about upholding principals in the finance world. 👍🏼
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Everything he says math's out until you take in inflation.
Or war?
Just trust that stock market.
“You got house fever, take a cold shower” 😂😂
I believe investors should start with S&P 500/ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
🚨**Wait so it’s dishonorable to practice in a crooked way or hire a convicted felon, but honorable to interview one?**🤔
The lawyer for the government has a need for power.
In regard to the 1st caller, and the idea to do a private sale for 47k, why would a buyer ever purchase a vehicle off some random person for the same vehicle I can buy from a legitimate establishment for the same price? I would never buy from a private seller unless I’m getting a deal. This scenario is not a deal for the buyer. This guy is screwed.
I don't understand who would buy a private sale from someone who still owes. You have to hand over the money and you get a bill of sale and a vehicle you can't drive until the seller goes to the bank and pays off their loan, waits for the title and then signs the title over. This could take weeks.
@@oldskoolbiker Good point
@@oldskoolbikerI would never do it. Too sketchy for me.
We can’t help the poor by being one of them.
No right now his credit has him compared to other people who filed bankruptcy At the point that it is 60 months past filing for bankruptcy his credit score. Is going to plummet because he will then be compared to all people in the general population.
I have stuck with the popularly ‘’Celia Kathleen Martel” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
What an awesome interview. I knew he would do it because he cares about the average man and woman.
Dave, you should have charged the lawyer 1K for the advice.
Trump - As with war plans, he can't reveal his specific moves when he gets into office. So the interview was a nothing burger in learning anything new about Trump and what he stands for, but good to see you interact w each other.
Buying a car is better be a good reliable car to lsst at most 15 years or more
Tried liking this but cant?
We it Canada thanks so i can share
7:50 my 2021 Honda Accord, bought brand new with cash 3-1/2 years ago is still worth 89% private party price or 77% trade-in value, per KBB. So, it only lost 11% of its value (private party) or 23% (trade-in), NOT 60%. Either Dave's numbers are way off, or Accords hold their value extremely well. It doesn't matter to me, however, because I don't plan on getting rid of it. This is the fourth, and hopefully last, car I've owned...it is my "dream" car.
If George is 6ft 4 How big is the doorway 😂
12 feet!
Ugh...enough about trump
I bought a new car in 78
Last one , what a rip off
Why is he so against gold? Does he work for the Federal reserve bank?
He does a good job for them with his coaching to prop up the stock market via 401K.
Stupid is as stupid does: file bankruptcy then buy a vehicle you can't afford to impress people who don't care! Idiot!
You have been speaking about Trump and Kamala for three days now....enough already
Or.... or you could just... not comment. Or better, don't listen. You're happy and we are too. ❤
I'm loving it. Someone needs to tell the truth. Save America.
@@republicunited2183 Not once in 248 years has any American told the truth. You people over there are simply incapable of it.
Who says you get to decide?
No cruise for me but y'all enjoy yourselves.
I'm not interested in a cruise of any kind, but theirs would be last on my list.
I really don't like this guy.
Jakubowski Unions
Dave has anger issues that affect his politics. .. and his advice , like the positions he took with the young law clerk
This might be the new, worst debt free scream. All the power of a well oiled door closing gently
Pretty insensitive of you to criticize parents for not wishing to scare their children
@@MONI-bj1msleave them on the side then
@@chuckstemm443 still heartless cuz they are changing their family tree.
Do you even listen to the show?
It's been said thousands of times
@@chuckstemm443well, when YOU come do YOUR DFS, you can leave your kids out.
Hard to respect Dave now that he has bent the knee to trump. I know he doesn’t want to alienate the many maga subscribers, but I expected higher standards from him. Very disappointing.
Not his fault the other side doesn't want to do the interview.
@@Rick-of6gx I somehow doubt he tried very hard. He has also been insulting Joe Biden for years. I guess he needs the subscribers, no matter how imbecillic they are. But his hypocrisy hurts.
That is your choice. Like yourself, Dave has the right to interview anyone he pleases, if you are bent over that then I’m sure Dave will not miss your negativity and judgement, hypocrisy 🤔☹️
@@kristinem2564 absolutely it is his right. I just thought he was too intelligent to mix with the maga sewerage. I was wrong.
@@mediolanumhibernicus3353 And like many people like myself, an education intelligent successful person, thinks you are wrong in voting for the other side. Why do you feel you have the right or entitlement to cast judgement on anyone else? Let alone call others unkind names. I myself have my issues too, like everyone, but I am thankful to The Lord He humbled me. Seriously, have a good day🌻
DAve treats no one w/respect unless they are powerful 😂people. He kissed Donald’s butt and I love Trump. Ramsey is a phony. I heard people talk about the recordings of Dave & how he lambasted his staff during Covid
Americans do not deserve any respect.
Good friends with Ben Shapiro then ? Unfollow, I used to enjoy your podcast, but I can’t follow you and listen to you anymore knowing you are good friends with someone supporting the killing of innocent people in Palestine, Lebanon, Syria.
So you support Hamas and Hezzbollah terrorists. Israel has the right to defend itself from terrorists 🇮🇱
Why Jesus made his discipols sell all they had if they wanted to follow him? Sometimes Dave is bad with advices and qoats like vith this lawyer lady.
You can't spell😮
@@dorotheaanderson9482 🫣not my native language
He didn't. The fishermen left family to take over the business Peter had a wife and daughter.
Only the rich young man was told that because he was too tight with money
@@MONI-bj1ms exactly wath Dave teach,to be tight with money(budget),:)))
@@cristianca889 and give generously which the rich man didn't
These guys freemasons or what?
Oh you're a conspiracy nut 🙄
Bria Mount
How are you doing Holy work when yopetell people rlto pawn their debt off to another borrower.
Borrower slave to the lender?
Your just switching places with another idiot.
He should tell you only to sell your debt instrument car house whatever if someone else is paying cash.
Good luck.
Pawn debt off to another borrower? What are you talking about?
You need to step back and re-read that 🤣
This guy is a real hypocrite.
He asks you to cast off your debt to others who are not as savvy.
He doesnt say this?
He definatly does not say not to do it......