i was blaming people who did the sales and made the loans out, but in all seriousness its the stoopid peoples fault for doing it. i have a chit ton of them at work. loan loan loan and no care what so ever.... hey... it works for them, who am i to judge, not my problem perhaps tax payers should be sueing their areas educational systems for obvious failing, or do they not teach basic money management
@@DDDD-of3hv You'll care when these people go to retire and have nothing. Then the government will come after you to pay for their stupid choices. It's already started with student loan forgiveness. You and I will be the ones paying for that.
“That lady is in the financial situation she deserves and wants.” True. Then again, maybe we all are, no matter how good, or desperate our situation. I couldn’t sleep knowing I had just spent $58,000 for a PICKUP TRUCK!!! I would have preferred to INVEST that $58,000 in appreciating assets (single family 3-2) and sheltered a good portion of my taxable income while generating a spare monthly net income $4,000. An extra $4,000 monthly is a lot to me because I track everything, and very closely monitor my expenses. If a person blows through an extra $4,000 month (like I used to do) like it’s wet tissue, then an extra $4,000/mo. Won’t help at all.
yep... i've been watching these "nomad" couples talk about how much "cheaper and freer" they live than stationary people... none of them make even the slightest common sense when they talk about their actual expenses...just the fuel alone is usually a house payment... the only ones that actually might save money are the ones living in a old used car, using a bucket for the bathroom and taking a shower once a month...
RV life sounds cheap if you don’t know anyone that has a RV and have no experience. Everything breaks down on your truck and the RV. Barely save on rent and have extra time and stress cost.
@@toluani7690you know how JC Penny is always on sale, because people would rather pay $10 for a discounted shirt then $10 full price for the same shit? These fools are falling for that with cars 😂
Took til December but we finally found the worst caller of the year. She deserves to be where she is I'm happy they kinda just let her go on her own way
I think she didn’t expect them to tear apart her previous choices. She just wanted to focus on how she has money “freed up” to save, but fails to see that her money’s not truly freed up when she just took on 100k of MORE DEBT!
@@madisonhruschka3718 It's only an asset if it's used for future financial benefit. Unless I missed where the truck is helping them bring in revenue, I don't think this could be counted as a depreciating asset.
The truck was a “deal” 🙄 I read between the lines. He sold his camper to get a bigger camper and then they needed a bigger truck to pull it. I’d say they like to travel too. They aren’t serious about reforming their lifestyles.
@@TonyCox1351 it’s not really an RV. It’s a camper trailer. I figured that out after a while. I knew a woman who did this. She wound up living in Wal-Mart’s parking lot for a while, then died. It’s never as glamorous as they want you to believe it is.
@@superblump87 Delusions of inexpensive travel. I've done the math. You can stay in a really nice hotel in most places for 30 days per year and it not cost as much as one of those campers, much less the truck and diesel fuel to pull it or place to keep it.
@@superblump87 In the way it was portrayed in this call, it was seen as a place to live that was less expensive than a house and not a rental. But it was a bad choice - they should have just kept renting.
@@thomasorchard lmao 😂 and most don't even itemize, so they don't even claim the tax deduction! My state gives a tiny credit, but it's like $100, so that's nothing.
@@jimmymcgill6778 Jade was trying to reign it back in off the excuse train. The woman called and didn't hear what she wanted. She, and you if you're her husband, will just wind up broke.
so they spent 100k on a RV/Truck because they didn't want to rent. Even if rent was 3 or 4k a month, it's short term and at least they wouldn't be liable for 100k in debt now. And she said she was a real estate broker 3 times, but doesn't make any money.
Jade and Rachel are 100% right. I know someone that sold their house to live in an RV because of some RUclips videos they saw. They took the gain on their house sale to buy the new RV and truck to pull it. Four years later, that RV and truck are starting to need repairs and they are eating into the remaining savings like crazy. They were bragging about the RV lifestyle and freedom for the first couple of years but they aren't doing much bragging now.
We want a teardrop camper eventually but we are working to pay off our home early and it’s a luxury purchase to elevate our camping trips. It comes after our important financial goals. I can’t imagine trading equity in a house for a camper 😭
She’s doing all this on his 130k income and pretending she’s rich and not contributing anything lol. She’s good at talking her man into a life of debt. And won’t take any of the advice so why call in? lol
Because the dealership said she qualified therefore she could afford it... Over 96 months 😂. I blame idiots for the inflation as all it takes is one sucker like her to agree to those terms who ruin the prices for the rest of us
I know someone that bought a 22k camper then had to upgrade their truck because the old truck couldn’t pull the new camper, then built a 60k barn in the back yard to store it. Before they knew it the 22k camper had cost 100k in overhead. RVs and campers are a huge money pit of hidden costs. This woman didn’t want to hear it.
I’m glad Rachel just stopped and asked the original question. They always feed the solution without even knowing what the ask is. This lady seems like she ok with her circumstances even though it makes absolutely no sense 😂😂 she could’ve purchased a house with a $2100 note with that going up in value instead of wheels that takes you nowhere.
That’s a big point…..RV is a big depreciating asset. Some people are choosing RV lifestyle to avoid rent or mortgage, but owning a home brings far more future value. Owning is the way to go if you’re trying to build wealth deep into the future. Their assets will dive down after a while along with their net worth.
@@latimer442 Doesn't matter whether they could've gotten a house with that payment. Heck, they could have rented a room from somebody, which would have been better than getting into another $100k of debt. Anything else would have probably been better than what they've done. (lol).
I use to try and help people like this caller (including members of my family that make mid six figures). Now I just shrug and let them discover the reality of debt.
I did money advice about 40 years ago. Most of the people made great money at the time. They wanted the results but did not want to tighten their belts. So many kept living paycheck to paycheck.
She’s not looking for help. She just wanted to hear herself speak. My question: how do YOU tell people whom have already reached a level you’re not even near how to get to that destination 🤦🏾♀️🤦🏾♀️🤦🏾♀️ Her responses are exactly what she’s where she is and they’re the ones helping others 🙌🏾🙌🏾🙌🏾
They just want to live how they want and then say it was due to "the situation at the time." The caller proved she has no clue what either one of them are doing when she stated "they could afford the payments" when she ran their "latest" budget.
This is where Dave would say, “the greatest tool to building wealth is your income”. This caller doesn’t realize that tying up your income with payments, you’re never gonna buy the home, you’re just gonna give a bank a bigger couch to sit on at the corporate office
“I called to get your advice.” Knowing full well what their financial teachings are before calling in. Proceeds to completely ignore advice that she knew she would get. I wish Dave was there to yell at her a little bit.
As soon as they started giving advice, she kept dropping the “real estate broker” bit over and over, but then when it came to income she’s contributed nothing to the budget YET. Sell a house before ya start throwing down life lessons!
They both did incredible. Jades energy is the closest to Dave’s wild rants at times 🤣🤣🤣 which we love But Rachel really came in with the cool head to supply the balance Fantastic blend for great entertainment Team work makes the dream work
This call is just making me shake my head. I cannot believe this woman and her bad choices. As another commenter said, this woman just called in for validation and she didn't get it. Has she even considered what would happen if her husband dies? This happened to a friend and she went in a tail spin after her husband suddenly passed away. I'm widowed and have always been very careful with my finances. I have to be.
I’m tired of people saying they couldn’t have rented cheaper. This caller said they couldn’t rent cheaper than $2,100 per month? I just did a Zillow search with the maximum set at $2k, and that yielded 3,424 results within the city limits of Houston. It might not be as grand as she wants, but you get what you get if you’re trying to save money. This is a classic example of a choosing beggar
Murica! 😂 I know so many people who are in situations like this and it’s absolutely wild. Like you were almost debt free and then you decide to live life on the road with no money while in massive debt? There isn’t one reason the lady could give me that what she did was a sound decision.
@@NikaVeronika88 I’m a broker also…. 21st year and this market sucks. People who only hear how much their friends got for their house think otherwise, but it’s tough to do any volume with such limited inventory, prices up, and interest rates doubling in the last couple of years.
Nothing but excuses for spending more money. You were almost out of debt, and they use paying rent as an excuse to stay in debt. Stupid, stupid, stupid.
Whoa! $946 is more than I pay for all my bills COMBINED! And that includes groceries, full-coverage car insurance (‘06 Pontiac Vibe) and life insurance! $15,000 in truck repairs?!! A $56,000 used truck is a good deal??!!! 😮 She started off strong and then….🤦🏾♀️😅
If you get a $70k truck for $56k, it was a good deal. Doesn’t mean it’s smart if you’re still paying for it with a loan. Obviously I don’t know if it actually was a good deal, just saying something can be a good deal but a bad decision at the same time.
@@rsafree1139it was probably a 70k truck given it is diesel, could be slightly more. So 58k was a really good deal. I have 2022 2500 diesel and the sticker was 89k so if I got it for mid 70s I’d say it was a deal too
I appreciate that Rachel stepped back and asked what the buyer was calling to find out. Then she gave two pieces of advice: first, what Ramsey recommends and second, what they need to do if they continue their current course. Is the debt crazy? Given their income, probably. But we never learned all the reasons they did this. Was it nuts to get a bigger RV and then a bigger truck? Yes. Are they willing to sell them? Probably not. Should we judge them? Not our job. We each make stupid mistakes and hopefully learn from them, but they're the only ones who will pay the price. I've given advice that I later realized seemed like good advice but in a similar situation, I was inspired to do something different. It worked out well but was so scary because I knew others were probably judging me and what if I was wrong? On the RV and truck thing, there are people doing it successfully but not by 100% financing the lifestyle. I was thankful that Rachel gave the equation for how much debt is too much for wheeled, depreciating assets. That was very helpful and information I don't remember hearing or reading in the Ramsey course I took my kids through while homeschooling them or in the many videos I've watched from you. Mostly, I appreciated the life lesson you gave in taking a deep breath and learning what they hoped to learn from their call. I had a texting conversation that went way too long a few days ago and I finally ended abruptly but I've since been learning how I could have dealt with it better. The lesson to stop arguing and stop a minute and then asking, "What did you want from me?" would have been invaluable. I will remember this call for a long time for all things financial and otherwise, especially when tempted into arguing as Jade did. And yes, I totally understand how Jade got derailed into haranguing the caller!
I lived in an RV for years, bought my dually for $1600 and the RV for $1800 put a couple thousand into each and sold them for what I had into them. My dually could pull more than her f250 and my trailer was probably nicer inside than her RV… my lot rent was also free for the first year just parked it at my worksite and then $600. People put themselves in these decisions.
Wait she already had a paid off RV that her old truck could pull and all they had to do it live in it for 1 year so they could save for a house deposit. Instead she buys a new Rv and then 'HAS' to buy a new truck to pull it getting into debt. To top it off she knows best because shes a broker. OMG
Their "Debt” includes "Interest" that they now have; she no longer just has regular bill payments, but they have now included unnecessary debt, I wander if she realizes the difference of the long-term problem of her current situation.
A real estate broken in training who lives in an RV. She’ll have great knowledge and advice on houses for buyers. I can visualize her based on her voice.
She lost me when she paid $58K for a truck. This lady was all over the place. She was more interested in getting what she wanted rather than making wise decisions. I liked the comment about half of her income in motors and wheels.
The point of the program is to show people how to apply the Ramsey principles to the caller's situation. It's not to understand taking on debt when this show is about being debt-free. Call another program if you want to be heard about debt being "good" or right.
I watched The Ramsey Show extensively and Jade is the best most entertaining Ramsey personality! Great hire Dave! Ken Coleman gives the best advice though
Bought depreciating RV while they had credit card debt. Bought depreciating truck while they had RV debt and credit card debt. Worried about throwing money away on rent but not worried about throwing money away on interest and depreciation. They're renting space for the RV, so they don't move it often enough to need to own the huge vehicle required to move the RV. She's a real estate broker but not working, so they don't even need 2 vehicles let alone 2 trucks. We don't really understand her mindset until the end where she talks about having an extra $3K/month after the credit cards are paid off. She's a real estate broker and the industry is bound to debt and buying the maximum amount that you can afford the payments for. All she understands is cash flow and she's going to keep her cash flow as small as possible until she dies.
Good point on her understanding cash flows. That is the only way to make sense of her decisions(to a point). I can get what she is saying about it being cheaper somehow(I don’t know what rent and RV expenses are in her area). However, I wonder if she takes into account the term of the loan, the depreciation, and the lot rent. Not to mention the truck is insane. She’s going to be tied to her loans and they almost certainly will go underwater. Then if they are able to purchase a house win the next few years the cost of her decisions will likely become more apparent when they sell these “assets” or continue the payments on them in addition to their mortgage.
Math doesn’t care about your feelings or situation. Going into 100k of debt to save a couple hundred bucks a month in rent is stupid. Living life with a monthly payment mindset is what keeps you broke and chained.
Caller might not know this but you can hire people to tow your RV place to place for 200 to 300 dollars each time. They're professionals with fifth wheel equipments and all that stuff. If you're parked at a spot and only 1 person is working, you would be better off selling the 56k truck, have just 1 truck, and hire professional to tow the RV if you need to move. That cuts down your monthly payment to about $1200 a month. RV will still depreciate in price so keep that in mind.
One of the best moves by the automakers was the elevate the old "pick 'em up truck" into a luxury vehicle. It's a rolling status symbol that many will gladly go into debt for that might have a empty eight foot box in the back.
Muhr Truuuuuuck I live in a small town in the Midwest. We have a 2003 Honda CRV and 2006 Toyota Prius for commuting. It’s crazy the payments and gas expense coming from our neighbors. Some of them have multiple trucks! A buddy of mine lives in a huge house in the suburbs of the city near us and has a big ol truck. 🛻 I showed him a pic of our new house, a very small 1,100 sq ft with a wood burning stove and he was jealous 😭 I mean I don’t envy him. A house is security, not a status symbol.
@@wewhoareabouttodiesaluteyo9303 It doesn't matter. She's losing probably around 7-8% in depreciation and probably around 7% average both the car and RV in interest assuming she has great credit. On 100k loan she's sitting at around 15-16k losses. She could save for a short period of time and buy an RV for under 10k and spend 20k repairing it and still only sold it for 10k and STILL would come out on top in only one year of ownership. Understand that? She could be upside down 2x on her budget RV purchase and would still be financially better off in a single year. In no metric did she make the better financial decision. She's actually no better off because she's losing nearly the same amount of money in depreciation and interest vs her rent. At least with rent she'd be in a fucking house and not in debt which has inherit risk.
Also, she shouldn’t be flexing about being a Real Estate broker and not adding to her family’s finances. She unemployed so she’s a stay at home wife not a real estate broker.
Ugh! $45,000 for an RV. Then $53,000 to haul it??? These guys really don't get it. They only have one month's saving. She doesn't work steadily. They want to buy a house??? These guys really don't get it. They jumped on the "tiny house", "tiny living" band wagon, make it as expensive as possible, when they actually want to buy property. Then call an advice show and ignore all reality of the experts.
If they were going to take on $100k in debt, then why not make it the mortgage loan? Not all the other BS. Could have lived in the paid for RV instead of buying a new one.
No, just earn more money than you can spend. In 1980, I went overseas as an engineer, $100K/yr and all expenses paid. I retired many years ago, My pension is more money than I can spend.
@aolvaar8792 earn more than you spend is common sense to us. How prevalent is common sense anymore? lol. At least make them take a class, they'll have to anyway when they file bankruptcy.
@@Elizabeth_lowkeyluxuries I read of a young woman that spent $200K, for a degree in English at a private upstate NY university. She did so to teach 4th Grade. $43K. I had 18-21 yr old women, doing work as Lethal Entry Technicians (the lack of muscle mass means lower air consumption) In the 90's, $150K + room and board + 10 weeks paid vacation + 5 rnd trip tickets anywhere.
Real estate brokers seem to be THE WORST with money. They also HATE Dave’s advice of never taking out a mortgage more than 15 yrs totaling 25% of your take home pay.
There are so many people that think the solution to a money problem is to spend MORE money. This woman didn't want to pay rent that she thought was too high, but had no problem with an RV payment, truck payment, and space rent totaling MORE than the monthly rent she thought was too much. Crazy. If she had stayed renting, she would've paid off her credit cards and then had thousands per month of free cash to save up to buy a house. Now with these massive debts, she will have a harder time qualifying for a mortgage just due to her debt to income ratio. Makes no sense
This reminds me of one of the most valuable life lessons I ever learned. Accountability is not about blame, to take accountability is not to say shame on you or shame on me for this action or that action and I think that's why we all get defensive when conversations make us feel that way. But the truest definition of accountability is simply to take account for, simply take note of what happened, the facts only, what led to this place that we're in now. And when I realized that and realized that accountability gave me back power in my life to realize I could do something about it I actually had the ability to change it and make a different choice, my whole world changed and everything becomes different. You never have to be a victim again regardless of your circumstances if you're able to take accountability and make a different choice. Doesn't mean everything will be sunshine and rainbows and doesn't mean things won't happen to you in your world but it does Infuse and Empower you to realize you can make a difference in your own life more than you realize. . . . . . But it takes a lot of practice to realize how to take accountability and 100 % honest with yourself and others without beating yourself up. . . . Simply take account for what happened, and use that information to make your next choice
They literally could have gotten a slightly used truck for less than $20k of what they paid. They got robbed, and she’s still saying it was a ‘great deal’
![Jack Harlow - Hello Miss Johnson [Official Music Video]](http://i.ytimg.com/vi/Q86_nlRoIGw/mqdefault.jpg)
"It was a great deal."
Yeah, for the guy that sold her the truck.
i was blaming people who did the sales and made the loans out, but in all seriousness its the stoopid peoples fault for doing it. i have a chit ton of them at work. loan loan loan and no care what so ever.... hey... it works for them, who am i to judge, not my problem
perhaps tax payers should be sueing their areas educational systems for obvious failing, or do they not teach basic money management
Great deal for that guy. He got a nice little commission bonus for that.
@@DDDD-of3hv You'll care when these people go to retire and have nothing. Then the government will come after you to pay for their stupid choices. It's already started with student loan forgiveness. You and I will be the ones paying for that.
That lady is in the financial situation she deserves and wants.
“That lady is in the financial situation she deserves and wants.”
True. Then again, maybe we all are, no matter how good, or desperate our situation. I couldn’t sleep knowing I had just spent $58,000 for a PICKUP TRUCK!!!
I would have preferred to INVEST that $58,000 in appreciating assets (single family 3-2) and sheltered a good portion of my taxable income while generating a spare monthly net income $4,000. An extra $4,000 monthly is a lot to me because I track everything, and very closely monitor my expenses.
If a person blows through an extra $4,000 month (like I used to do) like it’s wet tissue, then an extra $4,000/mo. Won’t help at all.
And then blame illegals for her financial problems 😂
She's a realtor too. 🤦
yep... i've been watching these "nomad" couples talk about how much "cheaper and freer" they live than stationary people... none of them make even the slightest common sense when they talk about their actual expenses...just the fuel alone is usually a house payment... the only ones that actually might save money are the ones living in a old used car, using a bucket for the bathroom and taking a shower once a month...
@@superman9772 you can do that lifestyle without spending a fortune.
She called for validation. She wants them to say "yes that was a good idea". She didn't call for advice. She knows deep down this was a disaster move.
That’s for Jon
🎯
I'm gonna go sit on the toilet and absolutely unload my ass right now
People who start with the answers never get anywhere. They make excuses for everything their entire life. This woman fits that mold.
It is not a disaster.
Rachel and Jade have a surprising amount of patience
Dave would have set her straight early or he would have cut the call. 😂
We really want to buy real estate, but instead we decided to go into $100k of debt for a truck and RV. 🤦😆
Well, when you put it that way. 😆
Great time to buy that debt for sure sounds like a real estate broker lol
Yep. That pretty much just sums up this call. LOL
@@Lil-Whiskies it's not the way he puts it this is just what happens when you think out loud before making decisions 😂
My first thought was $1,000 a month for the car could pay the mortgage for a condo or small house”.
$15k in truck repairs? $58k for a used truck? Enjoy that trailer park.
I'm on the toilet with shit flowing out of my ass
They've better look at it like it's a 5 star hotel. 😮😮😮😮😮
RV life sounds cheap if you don’t know anyone that has a RV and have no experience. Everything breaks down on your truck and the RV. Barely save on rent and have extra time and stress cost.
But but but it was a deal, while at the same time nuts.
@@toluani7690you know how JC Penny is always on sale, because people would rather pay $10 for a discounted shirt then $10 full price for the same shit? These fools are falling for that with cars 😂
Took til December but we finally found the worst caller of the year. She deserves to be where she is I'm happy they kinda just let her go on her own way
Hahahaha! We made it! 🎁🎁
@RC LOVE your comment!!! Soooooo true!
dave needed to be on this call
He would have told her that what she is doing is “stupid” 😂
He would have said "your parents are cousins!"
I think he would’ve said that he’s a hillbilly so he loves trucks, too, but are you out of your freakin’ mind
She definitely purposely called in when he wasn't there. They're giving her sound advice and she's cutting them off the entire time
Ya’ll know he would just have hit the mute button
I think she didn’t expect them to tear apart her previous choices. She just wanted to focus on how she has money “freed up” to save, but fails to see that her money’s not truly freed up when she just took on 100k of MORE DEBT!
But I think I heard her say “actually it’s more expensive” the payments vs previous rent idk
Her stubbornness is gonna be their downfall. She thinks she has it all figured out while throwing money away on useless liabilities like a 56k truck.
Struck is technically an asset it’s just a depreciating asset. The liability is the loan for the truck.
@@madisonhruschka3718 It's only an asset if it's used for future financial benefit. Unless I missed where the truck is helping them bring in revenue, I don't think this could be counted as a depreciating asset.
@@MsSimpleMovieswell I've been sitting above the toilet for 45 minutes, with a very dirty ass and pieces of shit still dripping and drooping
@@MsSimpleMovies If you ever intend to sell it for gain, it's an asset.
I own a 1972 chevy truck, bought new.
It is not an asset, I will not sell.
Asset - a useful or valuable thing, person, or quality. If it adds to your net worth, it's an asset. Pretty basic concept.
The truck was a “deal” 🙄 I read between the lines. He sold his camper to get a bigger camper and then they needed a bigger truck to pull it. I’d say they like to travel too. They aren’t serious about reforming their lifestyles.
Yeah I was confused why they needed to pull the RV. Aren’t they supposed to be living in it? Are they nomads?
@@TonyCox1351 it’s not really an RV. It’s a camper trailer. I figured that out after a while. I knew a woman who did this. She wound up living in Wal-Mart’s parking lot for a while, then died. It’s never as glamorous as they want you to believe it is.
@TonyCox1351 why would you get an RV if you are going to stay in the same place?
@@superblump87 Delusions of inexpensive travel. I've done the math. You can stay in a really nice hotel in most places for 30 days per year and it not cost as much as one of those campers, much less the truck and diesel fuel to pull it or place to keep it.
@@superblump87 In the way it was portrayed in this call, it was seen as a place to live that was less expensive than a house and not a rental. But it was a bad choice - they should have just kept renting.
Please do a compilation of Dave's dumbest callers. This call would be included.
I agree. But don’t have the guts to say it 😊
And then also the worst financial comments. Things like "I can make the payments" or "don't give me a raise, I'll be in a higher income tax bracket"
@@Excalibur2...and my personal favorite: "I want to keep my mortgage for the tax deduction."
@@thomasorchard lmao 😂 and most don't even itemize, so they don't even claim the tax deduction! My state gives a tiny credit, but it's like $100, so that's nothing.
They did 😅 that's how I found this video 6 months later!
I completely agree with Jade. If someone is where you want to be and is giving you the scoop on how to get there, just shut up and listen.
Well I've been sitting over the toilet for 45 minutes, still with pieces of shit dripping and drooping off of my dirty ass down into the bowl
100%. I watched veteran professional wrestler Al Snow tell this to a young guy in training and have never forgotten it.
You can say the same about Jade. She would not listen. She kept on talking over her.
@@jimmymcgill6778 Jade was trying to reign it back in off the excuse train. The woman called and didn't hear what she wanted. She, and you if you're her husband, will just wind up broke.
@@jimmymcgill6778 I had forgotten you were the regular troll here.
I passed out when she said she was a broker then at the end said NONE of the income was from her 😂😂😂😂
Sounds like she's one of those women that get bored and go into real estate and then realize you actually have to work and sell houses to make money.
Her husband’s broker. 😂😂😂
She's a 'broke-er' everything she touches goes broke. 100k in vehicles is ridiculous way of 'saving money'. Will lose 50k in value the next 5 years
@@SilvD3X LOL!!
Yup
Damn.. this would have been a great episode with Dave Ramsey. Dave reaction, advice and response would have been gold. 😹😹😹
Oh he would’ve blown a fuse 💀💀💀
He would've ended the call and went on a rant.
This lady has an ego and just wants her stupid decision justified.
I don’t think it would’ve been an argument, I think he would’ve reacted the same because this caller wasn’t hearing the advice. So why waste the time.
Dave would have hit that mute button by the 4minute mark.
Was thinking the same thing. Definitely in need of advice directly from Dave Ramsey 😅
so they spent 100k on a RV/Truck because they didn't want to rent. Even if rent was 3 or 4k a month, it's short term and at least they wouldn't be liable for 100k in debt now.
And she said she was a real estate broker 3 times, but doesn't make any money.
And that’s not including the $200-300 a month in insurance on a truck like that. Plus fuel… yikes
$100,000 is a down payment on a house and they are sinking it into depreciating assets that
@sean She's a real estate broker and broke, probably because she's a real estate broker for RV's. (that's her specialty.)
Jade and Rachel are 100% right. I know someone that sold their house to live in an RV because of some RUclips videos they saw. They took the gain on their house sale to buy the new RV and truck to pull it. Four years later, that RV and truck are starting to need repairs and they are eating into the remaining savings like crazy. They were bragging about the RV lifestyle and freedom for the first couple of years but they aren't doing much bragging now.
We want a teardrop camper eventually but we are working to pay off our home early and it’s a luxury purchase to elevate our camping trips. It comes after our important financial goals. I can’t imagine trading equity in a house for a camper 😭
Trade something that appreciates for something that depreciates. Genius move.
She’s doing all this on his 130k income and pretending she’s rich and not contributing anything lol. She’s good at talking her man into a life of debt. And won’t take any of the advice so why call in? lol
They haven't been married for very long. Anyone want to bet five bucks.
He probably doesn’t have a say in anything in that house. Smh
@@humilis42 oh yes she definitely wears the pants. I can tell by the way she speaks.
Because the dealership said she qualified therefore she could afford it... Over 96 months 😂. I blame idiots for the inflation as all it takes is one sucker like her to agree to those terms who ruin the prices for the rest of us
I'll bet that the bigger RV and new truck was his idea.
I know someone that bought a 22k camper then had to upgrade their truck because the old truck couldn’t pull the new camper, then built a 60k barn in the back yard to store it. Before they knew it the 22k camper had cost 100k in overhead. RVs and campers are a huge money pit of hidden costs. This woman didn’t want to hear it.
They must have 💰💰💰!
I mean this someone isn't the brightest person. Research the camper to truck ratio. And defs don't need a 60k home for a home. Come on. excessive.
I’m glad Rachel just stopped and asked the original question. They always feed the solution without even knowing what the ask is. This lady seems like she ok with her circumstances even though it makes absolutely no sense 😂😂 she could’ve purchased a house with a $2100 note with that going up in value instead of wheels that takes you nowhere.
The question is whether they actually could get a house with that payment. Mine is about that, but current rates would double that cost
That’s a big point…..RV is a big depreciating asset. Some people are choosing RV lifestyle to avoid rent or mortgage, but owning a home brings far more future value. Owning is the way to go if you’re trying to build wealth deep into the future. Their assets will dive down after a while along with their net worth.
@@latimer442 Doesn't matter whether they could've gotten a house with that payment. Heck, they could have rented a room from somebody, which would have been better than getting into another $100k of debt. Anything else would have probably been better than what they've done. (lol).
I use to try and help people like this caller (including members of my family that make mid six figures). Now I just shrug and let them discover the reality of debt.
I did money advice about 40 years ago. Most of the people made great money at the time. They wanted the results but did not want to tighten their belts. So many kept living paycheck to paycheck.
She’s not looking for help. She just wanted to hear herself speak.
My question: how do YOU tell people whom have already reached a level you’re not even near how to get to that destination 🤦🏾♀️🤦🏾♀️🤦🏾♀️
Her responses are exactly what she’s where she is and they’re the ones helping others 🙌🏾🙌🏾🙌🏾
My IQ dropped 100 points just by hearing her speak.
It is to remind the rest of us that we are not the exception to the rule.
One day this caller will do a interview at a homeless channel. She will complain how hard they worked, but the American dream cannot come true.
💯
True
All I can say is “humility over ability”
They just want to live how they want and then say it was due to "the situation at the time." The caller proved she has no clue what either one of them are doing when she stated "they could afford the payments" when she ran their "latest" budget.
well said. They are the perfect example of people who can justify anything
This is where Dave would say, “the greatest tool to building wealth is your income”. This caller doesn’t realize that tying up your income with payments, you’re never gonna buy the home, you’re just gonna give a bank a bigger couch to sit on at the corporate office
What you owe, and what something can be sold for, are not the same.
“I called to get your advice.” Knowing full well what their financial teachings are before calling in.
Proceeds to completely ignore advice that she knew she would get. I wish Dave was there to yell at her a little bit.
I so wish Dave was there. He would have muted her quick!
As soon as they started giving advice, she kept dropping the “real estate broker” bit over and over, but then when it came to income she’s contributed nothing to the budget YET. Sell a house before ya start throwing down life lessons!
Rachel handled that call so well! She’s really growing 🎉
Rachel and Jade were awesome.
Jade and Rachel are both great Tania
I am currently positioned above the toilet bowl, and a big clump of shit just fell off my dirty ass into the water
They both did incredible.
Jades energy is the closest to Dave’s wild rants at times 🤣🤣🤣 which we love
But Rachel really came in with the cool head to supply the balance
Fantastic blend for great entertainment
Team work makes the dream work
Neither of them answered her question. But, Rachel gave good advice while Jade was just being Jade.
Can we all applaud the editor for shifting to Rachel at 2:00
Amazing
😂
This call is just making me shake my head. I cannot believe this woman and her bad choices. As another commenter said, this woman just called in for validation and she didn't get it. Has she even considered what would happen if her husband dies? This happened to a friend and she went in a tail spin after her husband suddenly passed away. I'm widowed and have always been very careful with my finances. I have to be.
I’m tired of people saying they couldn’t have rented cheaper. This caller said they couldn’t rent cheaper than $2,100 per month? I just did a Zillow search with the maximum set at $2k, and that yielded 3,424 results within the city limits of Houston. It might not be as grand as she wants, but you get what you get if you’re trying to save money. This is a classic example of a choosing beggar
Absolutely. She wants the bestest of the best and ends up in a trailer. But hey, she has a big truck sitting in front of the trailer...
Murica! 😂 I know so many people who are in situations like this and it’s absolutely wild. Like you were almost debt free and then you decide to live life on the road with no money while in massive debt? There isn’t one reason the lady could give me that what she did was a sound decision.
I'm a real estate broker and I don't have any income 😂
Or a house!
@@johnwilburnor a pot to..........
Well, the economy isn't the best right now. I'm a real estate broker and it's been the worst for me this year
@@NikaVeronika88 I’m a broker also…. 21st year and this market sucks. People who only hear how much their friends got for their house think otherwise, but it’s tough to do any volume with such limited inventory, prices up, and interest rates doubling in the last couple of years.
Yeah that’s the craziest part
Nothing but excuses for spending more money. You were almost out of debt, and they use paying rent as an excuse to stay in debt. Stupid, stupid, stupid.
It makes no different if the rv and truck payment is almost the same as renting + utility
And u can sell the rv when u are done and get some back
@johndone8045 resell value on RVs are terrible. The truck payment plus rv is not cheaper than renting
This lady already knows EVERYTHING, not sure why she called?!!!
Whoa! $946 is more than I pay for all my bills COMBINED! And that includes groceries, full-coverage car insurance (‘06 Pontiac Vibe) and life insurance! $15,000 in truck repairs?!! A $56,000 used truck is a good deal??!!! 😮 She started off strong and then….🤦🏾♀️😅
In Houston $1000 GOES A LONG WAY!!!!!
U just told everyone on here u have full coverage on a 17 year old car hahahaha
If you get a $70k truck for $56k, it was a good deal. Doesn’t mean it’s smart if you’re still paying for it with a loan. Obviously I don’t know if it actually was a good deal, just saying something can be a good deal but a bad decision at the same time.
............the sheer stupidity of her situation revealed itself.
@@rsafree1139it was probably a 70k truck given it is diesel, could be slightly more. So 58k was a really good deal. I have 2022 2500 diesel and the sticker was 89k so if I got it for mid 70s I’d say it was a deal too
I appreciate that Rachel stepped back and asked what the buyer was calling to find out. Then she gave two pieces of advice: first, what Ramsey recommends and second, what they need to do if they continue their current course. Is the debt crazy? Given their income, probably. But we never learned all the reasons they did this. Was it nuts to get a bigger RV and then a bigger truck? Yes. Are they willing to sell them? Probably not. Should we judge them? Not our job. We each make stupid mistakes and hopefully learn from them, but they're the only ones who will pay the price. I've given advice that I later realized seemed like good advice but in a similar situation, I was inspired to do something different. It worked out well but was so scary because I knew others were probably judging me and what if I was wrong?
On the RV and truck thing, there are people doing it successfully but not by 100% financing the lifestyle. I was thankful that Rachel gave the equation for how much debt is too much for wheeled, depreciating assets. That was very helpful and information I don't remember hearing or reading in the Ramsey course I took my kids through while homeschooling them or in the many videos I've watched from you. Mostly, I appreciated the life lesson you gave in taking a deep breath and learning what they hoped to learn from their call. I had a texting conversation that went way too long a few days ago and I finally ended abruptly but I've since been learning how I could have dealt with it better. The lesson to stop arguing and stop a minute and then asking, "What did you want from me?" would have been invaluable. I will remember this call for a long time for all things financial and otherwise, especially when tempted into arguing as Jade did. And yes, I totally understand how Jade got derailed into haranguing the caller!
I lived in an RV for years, bought my dually for $1600 and the RV for $1800 put a couple thousand into each and sold them for what I had into them. My dually could pull more than her f250 and my trailer was probably nicer inside than her RV… my lot rent was also free for the first year just parked it at my worksite and then $600. People put themselves in these decisions.
Why have 2 trucks. She doesn't work.
“My situation is the exception.”
Thanks! I enjoyed the laugh.
Wait she already had a paid off RV that her old truck could pull and all they had to do it live in it for 1 year so they could save for a house deposit. Instead she buys a new Rv and then 'HAS' to buy a new truck to pull it getting into debt. To top it off she knows best because shes a broker. OMG
Jade is so beautiful and so good at her job she doesnt take any BS
Agree Both ladies are beautiful and smart!!!❤❤❤
You have to listen to the people who have gone through the process and come out on the other side.
Some people do not want to be debt free, they need the drama.
Their "Debt” includes "Interest" that they now have; she no longer just has regular bill payments, but they have now included unnecessary debt, I wander if she realizes the difference of the long-term problem of her current situation.
She doesn't because she's dumb.
Does it sound like she realizes the difference? 😂😂 She’s hopeless.
Omgoodness 😮 why do people call in if they don't want help 🤔
She got it all figured out, she’s in real estate business
It’s simple to be rich.
*Properly identify the difference between a
liability and an asset.
*Only buy assets
*Stop buying liabilities
I'm not sure why this lady even called. She wasn't willing to listen.
I’m a real estate broker. I own four houses and earn a living. She likes to flex by saying she’s a real estate broker, but…….
Four homes! You should give me one😂
@@amgooder I have one empty I’ll rent you right now…. $900/month 😃
@@amgooderthat's the name of the game now! Hoard properties & charge high rent or better yet make it an Airbnb
A real estate broken in training who lives in an RV. She’ll have great knowledge and advice on houses for buyers. I can visualize her based on her voice.
She had a paid off truck and a paid off RV. She trades in both to take on debt. Dave Ramsey’s eyes are rolling in his head so hard right now
She lost me when she paid $58K for a truck. This lady was all over the place. She was more interested in getting what she wanted rather than making wise decisions. I liked the comment about half of her income in motors and wheels.
People do not like to be wrong and hate it when they are. I am not an exception....
What's the point of calling if you don't want to listen??? 😂
I think everyone needs to learn to listen..
Jade and Rachel just wanted to impose their method and bash her for making decisions...🙄
What’s the point of answering if you don’t want to listen?
It is their show and they can do as they want. But they did not do a good job at all.
She called for their opinion. They know finances @@karmiek777
The point of the program is to show people how to apply the Ramsey principles to the caller's situation. It's not to understand taking on debt when this show is about being debt-free. Call another program if you want to be heard about debt being "good" or right.
$58,000 is not a great deal on a truck. That's ridiculous.
I watched The Ramsey Show extensively and Jade is the best most entertaining Ramsey personality! Great hire Dave!
Ken Coleman gives the best advice though
I like Jade. Such a great personality.
Ken is such a tool and he is in over his head
I need to have patience level like Rachel and Jade!! 😅💯
Another Broke Broker that "knows ". 🤦♀️
Love jade’s analogy at the end. I know too many people like that. 🤦🏻♀️
Bought depreciating RV while they had credit card debt.
Bought depreciating truck while they had RV debt and credit card debt.
Worried about throwing money away on rent but not worried about throwing money away on interest and depreciation.
They're renting space for the RV, so they don't move it often enough to need to own the huge vehicle required to move the RV.
She's a real estate broker but not working, so they don't even need 2 vehicles let alone 2 trucks.
We don't really understand her mindset until the end where she talks about having an extra $3K/month after the credit cards are paid off. She's a real estate broker and the industry is bound to debt and buying the maximum amount that you can afford the payments for. All she understands is cash flow and she's going to keep her cash flow as small as possible until she dies.
Good point on her understanding cash flows. That is the only way to make sense of her decisions(to a point). I can get what she is saying about it being cheaper somehow(I don’t know what rent and RV expenses are in her area). However, I wonder if she takes into account the term of the loan, the depreciation, and the lot rent. Not to mention the truck is insane. She’s going to be tied to her loans and they almost certainly will go underwater. Then if they are able to purchase a house win the next few years the cost of her decisions will likely become more apparent when they sell these “assets” or continue the payments on them in addition to their mortgage.
Math doesn’t care about your feelings or situation. Going into 100k of debt to save a couple hundred bucks a month in rent is stupid. Living life with a monthly payment mindset is what keeps you broke and chained.
3:22
That is what renting is for. Renting is not financial suicide. It is a tool.
I think the caller just wanted to hear the sound of her own voice.
@ARS Yup!
This is cray cray. Truck is $900, Rv payment, rent for where to park it. $2,100.
Caller might not know this but you can hire people to tow your RV place to place for 200 to 300 dollars each time. They're professionals with fifth wheel equipments and all that stuff. If you're parked at a spot and only 1 person is working, you would be better off selling the 56k truck, have just 1 truck, and hire professional to tow the RV if you need to move. That cuts down your monthly payment to about $1200 a month. RV will still depreciate in price so keep that in mind.
That’s a great idea! I don’t know why they needed a truck, how often do you need to move a RV anyways if you are just living in it?
They could barely get in a word over this caller constantly interrupting.
One of the best moves by the automakers was the elevate the old "pick 'em up truck" into a luxury vehicle. It's a rolling status symbol that many will gladly go into debt for that might have a empty eight foot box in the back.
Muhr Truuuuuuck
I live in a small town in the Midwest. We have a 2003 Honda CRV and 2006 Toyota Prius for commuting. It’s crazy the payments and gas expense coming from our neighbors. Some of them have multiple trucks!
A buddy of mine lives in a huge house in the suburbs of the city near us and has a big ol truck. 🛻 I showed him a pic of our new house, a very small 1,100 sq ft with a wood burning stove and he was jealous 😭 I mean I don’t envy him. A house is security, not a status symbol.
Pickups with standard shifts became unavailable long before cars went auto-only. The modern truck is a rolling rest home.
what was she looking for when she called in? this call was too long. Dave would've turned the caller off within a minute. thanks for sharing.
Validation.
She wanted to know what to do with the extra 3k they'll have each month starting next month when the end of the CC debt is paid.
Classic example of “if I can pay the payment I can afford it”. Let me guess, the “real estate” they want to purchase is in a trailer park.
That's 100k for an RV and truck! Could have bought a small fixer upper.
Problem is, how much is it going to cost to fix the upper and is the cost more than the value of the fixer upper?
@@wewhoareabouttodiesaluteyo9303 It doesn't matter. She's losing probably around 7-8% in depreciation and probably around 7% average both the car and RV in interest assuming she has great credit.
On 100k loan she's sitting at around 15-16k losses.
She could save for a short period of time and buy an RV for under 10k and spend 20k repairing it and still only sold it for 10k and STILL would come out on top in only one year of ownership.
Understand that? She could be upside down 2x on her budget RV purchase and would still be financially better off in a single year.
In no metric did she make the better financial decision. She's actually no better off because she's losing nearly the same amount of money in depreciation and interest vs her rent.
At least with rent she'd be in a fucking house and not in debt which has inherit risk.
@@xPRODIGYxGAMER I just would not want something to explode. Used things can be safety hazards.
Her rent must have been going up by about $3000/mo to make this seem like a good idea.
Also, she shouldn’t be flexing about being a Real Estate broker and not adding to her family’s finances. She unemployed so she’s a stay at home wife not a real estate broker.
Yeah that was funny😂
Ugh! $45,000 for an RV. Then $53,000 to haul it??? These guys really don't get it. They only have one month's saving. She doesn't work steadily. They want to buy a house??? These guys really don't get it. They jumped on the "tiny house", "tiny living" band wagon, make it as expensive as possible, when they actually want to buy property. Then call an advice show and ignore all reality of the experts.
If they were going to take on $100k in debt, then why not make it the mortgage loan? Not all the other BS. Could have lived in the paid for RV instead of buying a new one.
Yeah a 300000k 30 year mortgage be very close to her payments on those 5 year loan on 100k bur i bet that truxk is 84 minths
Or just bought land for the paid for RV and built a house when ready.
Tbh that really isn't that bad of a deal those trucks can get north of a 100k pretty quick
Financial education needs to be a requirement before anybody graduates high school
No, just earn more money than you can spend.
In 1980, I went overseas as an engineer, $100K/yr and all expenses paid.
I retired many years ago, My pension is more money than I can spend.
@aolvaar8792 earn more than you spend is common sense to us. How prevalent is common sense anymore? lol. At least make them take a class, they'll have to anyway when they file bankruptcy.
@@Elizabeth_lowkeyluxuries
I read of a young woman that spent $200K,
for a degree in English at a private upstate NY university.
She did so to teach 4th Grade. $43K.
I had 18-21 yr old women, doing work as
Lethal Entry Technicians (the lack of muscle mass means lower air consumption)
In the 90's, $150K + room and board +
10 weeks paid vacation + 5 rnd trip tickets
anywhere.
Dont blame teachers its parents resposibity
"Whatever you're looking for, you find it." WOW!!
We got rid of credit card debt then got a 900 dollar truck payment whats the problem 😅
I love Jade on this call! She didn’t seem to want help at least in the Ramsey fashion…she’s great!
Doesn't an RV drive itself? Do people use trailer and RV interchangeably now?
An RV can be towable like a travel trailer or fifth wheel which hitches onto the bed of a truck, or it can be drivable like a motor home.
I really don't know why she called, sounded like she already knew of the baby steps, not sure what answer she was expecting.
Needed Dave to talk some sense into this one.
Dave ain’t got time for this foolishness. He would have hung up - given her a financial lashing and moved along swiftly to those who really want help.
Real estate brokers seem to be THE WORST with money. They also HATE Dave’s advice of never taking out a mortgage more than 15 yrs totaling 25% of your take home pay.
Omg...the lady is a real estate broker 😮
Yeah broker is broke😬
Doesn't even take a hs education...
making 3K in cc payments + 1k for payment on the 56K truck. she is real estate broker? times are tough for real estate agents - few people are buying
Nothing more frustrating than trying to help someone that doesn't want it. Put it in God's hands bc she isn't going to listen.
Every other word… “no”, “no, but…”, “no”. What did she ring up for?!!
1st couple minutes into this call & I'm like 🤯🤯💣💣🤦🏾♂️
There are so many people that think the solution to a money problem is to spend MORE money. This woman didn't want to pay rent that she thought was too high, but had no problem with an RV payment, truck payment, and space rent totaling MORE than the monthly rent she thought was too much. Crazy. If she had stayed renting, she would've paid off her credit cards and then had thousands per month of free cash to save up to buy a house. Now with these massive debts, she will have a harder time qualifying for a mortgage just due to her debt to income ratio. Makes no sense
*She* got herself a $56k truck, yet *She* doesn't work.
This reminds me of one of the most valuable life lessons I ever learned. Accountability is not about blame, to take accountability is not to say shame on you or shame on me for this action or that action and I think that's why we all get defensive when conversations make us feel that way. But the truest definition of accountability is simply to take account for, simply take note of what happened, the facts only, what led to this place that we're in now. And when I realized that and realized that accountability gave me back power in my life to realize I could do something about it I actually had the ability to change it and make a different choice, my whole world changed and everything becomes different. You never have to be a victim again regardless of your circumstances if you're able to take accountability and make a different choice. Doesn't mean everything will be sunshine and rainbows and doesn't mean things won't happen to you in your world but it does Infuse and Empower you to realize you can make a difference in your own life more than you realize. . . . . . But it takes a lot of practice to realize how to take accountability and 100 % honest with yourself and others without beating yourself up. . . . Simply take account for what happened, and use that information to make your next choice
Why did she call? She'll never change her mind.
They literally could have gotten a slightly used truck for less than $20k of what they paid. They got robbed, and she’s still saying it was a ‘great deal’
She called in hoping Delony would be there to coddle and validate her then asking why she didn’t feel safe and that she “couldn’t breathe” 🤣🤣
Facts
We shouldn't coddle silliness
HAHAHAHA😂
"I couldn't breathe" 💀💀
💀💀💀
She is beyond help in this situation she put her self in. called in to get help but refuses to hear the negatives. or the stupid choices she made.
Why the hell you need rv and a massive truck to pull it if you do not have a place to live and you are neck deep in debt 🤦🏼♀️ ‘murica
Live in the RV.
@@wewhoareabouttodiesaluteyo9303 LOL 😂, you still have to pay to park it somewhere and it cost a lot more than rent to park an RV sometimes.
@@musicman7297 And something she has yet to find out....
Look at their faces. $56k truck, ridiculous...
Love these 2. She did not want help. Very argumentive and justify her spending.
All of these women who are “real estate agents” are so god awful with money.
Because they are hoping to keep the job until a simp comes along....