Get Fed Up With Your Debt and Get RID of It! | July 30, 2024
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- Опубликовано: 7 сен 2024
- The Ramsey Show (July 30, 2024)
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Dave Ramsey & George Kamel answer your questions and discuss:
- "Use a reverse mortgage for some fun money?"
- "My boyfriend wants me to move in with him,"
- "How do I protect myself before a divorce?"
- "We own 2 homes in California and we're broke,"
- "I feel guilty for saying no to eating out,"
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My birthday was yesterday and I just found out today or tomorrow we will be completely debt free, house and everything. We are both under 40 and on a single income.
Mr 65 year old gentleman. Enjoy your life as a single but you are going to run into situations and people in life where you will get the opportunity to be generous. Enjoy that aspect. It may be anything from buying groceries to an airline ticket for someone who lost their loved one. Cherish life I am at 72
Yeah, that was an odd outlook on life. It's his money and he can do whatever he wants with it, it just seems odd to me.
That's really lovely ❤
I want to filthy rich by the time I’m this age too so I can be generous
But for now
I’m a 29 years old mama of 4
Trying to make ends meets.
But I’m trying to do the best I can.
@@dianem4188What's odd about it? If you had a gift card in your wallet, you wanna go to the store and use it all up and not leave a single penny in the gift card
The guy will die and has no one to leave the money to, so he wants to use up all of his gift card before he leaves the store ...
What's odd about that?
@@MrFunkadeIic because of the possibility of needed expensive care into old age.
I’m sorry that you lost your Dad but this is something that happens to every person on earth. People die everyday, everywhere. You need to stop making excuses. My daughter loved her Grandmother so much and got PTSD, anxiety, and panic attacks when she died. She went to work 12 hours days at Sonic and miraculously recovered.
His dad was abusive and he is dealing with the love/ hate grief/ relief of that.
I am still going thru that after 10 yes, and doing therapy for 5. This just happened to him.
Way too over generalised. As a husband to a wife who's gone through panic attacks and anxiety attacks. They are NO joke. She was EXTREMELY debilitated. To just say "Suck it up" is NOT helpful in that stage.
I am so impressed at your facial control. I would have SO MANY jaw drops with the calls coming in. Thank you for giving me hope!
Recently moved to LA. We host dinner parties and save so much money instead of eating out with friends.
They BOTH need to get jobs ASAP... PERIOD!!!
I can’t imagine stockpiling 1.2 million into retirement to actually still consider a reverse mortgage for “fun money” at retirement age 😅
Dear Mia, my first hubby passed away, so I meet a man & he was 49 & I was 40 we got pregnant & I told him ok Mister Im not gonna be 9 months & not be married we better do it now! So I was 3 months pregnant when we got married & we are still in love ❤with Jesus & each other!
Wow two days in a row!! Love love when Dave is on.
So funny, Dave telling us his pet peeves about Sharon. I imagine she hates his oversharing.
@myoldvhstapes he does issue a disclaimer that he will talk about you right in front of you 😅
Me too
Dave, I also had that fear and sense of possible embarrassment that my check would not go through at the grocery store when my 4 children were young. I was too dum to know I didn't know it shouldn't be that way. Praise God for what you went through that has blessed millions of families with the lessons God has allowed you to learn and teach for us all to do money as God has commanded. I'm still in baby step 2 but there was once recently at the grocery store a young family with 3 little ones at the self checkout you could tell they were struggling to figure out what they should leave behind. I was able to help them. On my way out the checkout employee was by the door so i gave her cash to give that family advising her I know what it is to struggle please give them this gift. It was in God's hands to make sure it got to them but i am sure it did. the employee seemed a little surprised also.what a joy.I can't wait until I can do that more with true intent. What a joy it will be and hopefully I can bring my grandkids with me so they can also be apart of the joy of giving God gives.
My nerd brain just loves this podcast! I found this channel about a year ago and it just fills my heart. I am a victim of the “college and high credit score” generation, and now I’m passing along my knowledge to my children, about how to live instead of survive. Love all of you guys ❤
At 65 doesn’t mean you won’t find someone else who will spend the rest of your life with. Gosh don’t plan on dying. Plan on living and being happy
I think the reverse mortgage question guy definitely needs to consider whether he might need expensive care at the end of life. I'm glad they mentioned that at the end!
The 1st caller pissed me off. Why would she quit her job? Makes no sense
Because she is not smart.
he asked her to
I worked 35+ years with a heredity progressive vision & hearing loss. I went on disability retirement due to legal blindness 7 years ago at 50 yo. I have a very comfortable retirement. I’ve always wanted to work to be a contributing member of society. I don’t understand why people use a disability to not work!
Have you thought about digital work? I have a friend who's bat blind, does high-end coding and white-hat hacking. Brilliant lady! Could be something to do.
Your disability isn’t everyone situation.
@@njavee4no but as someone who also is disabled but working, it's a wonder why people who are able bodied don't want to grow up and contribute
EveryDollar in Canada please?! Thank you we love you!
I’m so glad Dave mentioned to one of the callers to put some of his $$ aside for home health instead of going to a facility, if he ever need it. I’m a therapist at an Inpatient rehabilitation hospital and the amount of people that are in situations that they wish they never had to go through at a time of sickness it’s heartbreaking.
Thanks to all your advice about comparing price and coverage for our auto/home insurance my husband and I found an insurance company that gave us more coverage than we had and saved us $100 a month!!
Also cut cell phone in half.
We are one small balance away from being consumer debt free so we can start funding our emergency fund.
Then we’ll get with an investor pro to see what we can do to invest the 15%.
We are also selling 3 out of our 4 rentals and will be inheriting my share of the sale of my recently deceased daddy’s 2 rental properties.
My husband is 74 and disabled and I’m 67, so the inheritance is a blessing.
Our ultimate goal is to pay off our home mortgage 💸 and be able to stay in our home.
Thank you Ramsey team for all your guidance !!!🙂 7:52
To the guy who is 65 don't blow it all go have experiences. Maybe you will find a lady. 65 is the new 45. My grandma has a BF.
😂😂😂
We are just sitting here , going to bed and retired. Worked all our lives , pensions, social security and 401 k’s with a ton of real estate equity. No one left us anything. Kids were raised right . So boring but details would say no. So much relief to have structured a simple life.
Is the lady getting married to the soldier getting scammed or suckered? The story isn’t adding up, especially the deployment to European war zone. It sounds like Catfish or something except she says they’ve met.
I know someone who’s going to be deployed to Germany. Why is that unbelievable?
Dave on fire today 😂
Good energy from this duo, focused on the people's issues, there to help.
Be sure to commit your ways before God.
It's not the same without papa Dave, but George is very enjoyable as host or co-host, and can keep me afloat during my withdrawal periods. Thanks for your work team Ramsey, all the behind the scene people.
Oh, before I forget, papa Dave, Issac was married to his cousin, we got Jacob from them.
Good advice to the guy inquiring about the reverse mortgage.
If you’re not a WW2, Vietnam, or Desert Storm vet, then suck it up. Two grown adults that don’t want to work. Listen to yourself. This is nuts.
They'll prescribe PTSD for ANYTHING these days! I mean, for things that cause extreme stress, like abuse or war, that I get, but, frick man, I had a shrink try to tell me I had PTSD from living with my hoarder grandfather for a bit. No, what I have, now, is a particular determination to never live in conditions remotely like that again. Yes, it was technically trauma, but the result was a simple change in behavior due to experience! Grief is stressful, yeah, but I've lost some of my best friends in the WORLD, had to go to work the next day and hide in a closet to cry when it got to me. You can lay off work for a couple weeks or maybe months if you need to, but grief is not an excuse to stop working permanently and is rarely an actual cause of PTSD.
I had the same thought. They live in a paid for house that was given to them. Just lazy losers in my opinion hiding behind a prescribed label. What a joke.
@@abigailblackstock4928 Absolutely! During my 42 years of working not once did I think about it being Happy! Happiness doesn’t pay the bills and who doesn’t have stress and panic attacks? Good Grief. It’s called Life.
Yeah, that's the take I got as well. Seemed like they realized their monthly expenses are low, at this time, and want to claim PTSD to draw disability and not work. Now I don't want to discredit that gentleman's claim, but the PTSD claim just gets thrown around way too much these days, and has been for some time unfortunately.
Way too over generalised. Everyone is not you. As a husband to a wife who's gone through panic attacks and anxiety attacks. They are NO joke. She was EXTREMELY debilitated. To just say "Suck it up" is NOT helpful in that stage.
1:02:41 Go get some tax advice friend. As a single member LLC, the taxes you withhold should be based on what the business nets, not just what you take home. The difference matters substantially.
Chelsea from Baltimore, listen to Papa Dave. Your in-laws have proven themselves to be reckless. It wouldn’t be wise to cohabitate with them or sign contracts.
If they lose grandpa’s house before you can save up enough to buy it, the shame is theirs, not yours.
You can’t help that first caller. Moving on….next call please!!!
Reverse mortgages are terrible!
I've lived under a lot of stress most of my adult life. 18 years ago, at 46, I went through a divorce that VERY few divorced people could even remotely relate to. The next 4 years I can only describe as ptsd or 4 years of drug withdrawals. I have no doubt that the worst thing that will ever happen to me already has. The agony of that time still wakes me up most nights. The 2 biggest things that held my life together were a full time job and a home based business on the side. Once a week at a very good therapist and an opportunity to meet my soulmate were #3 and 4 on the list. I still have to stay busy to keep from collapsing into that dark hole. These people need to work and learn to deal with life.
I hope you're right but as someone who lost their partner to dementia, there are worse things than even a hellish divorce. I get it.. Been 11.5 years and I'm still not divorced but my PTSD is still triggered regularly. Caring for an ill partner is worse. I hope that's the worst you will be through but please prepare yourself for if it's not.
@@laundrygoddess4 You've obviously been through and continue to go through a terrible trauma. It was not my intention to compare my trauma to others'. I don't know if everyone goes through the kind of life altering trauma that we have gone through. I suspect not. You lost someone dear to you through dementia although you speak of "not divorced yet after 11.5 years". I permanently lost all access to my children because of an extremely hostile passive aggressive narcissistic sociopath. She got away with creating the narrative that I was the one that was dangerous. Angry as hell, yes. The reality is that she was the only one that had never been abused, except in her childhood. She held me responsible for the things her dad did and created 2 kids that now hate me the same way she hated her dad. I'll likely never see either if them again.
Your @ name suggests that maybe you see yourself trapped in a perpetual state of servitude. I have a very good life today and am surrounded by people that value me but there is always pain that lies just below the surface. I know that it can be very hard to move forward but move forward we must. There are other people in our lives that need us to be whole.
@@msparr01 my name was a joke as I had two kids in cloth diapers and was constantly doing laundry but was very good at getting stains out. Don't make stuff up. My ex is a clinically diagnosed sociopath who won't let me get divorced because then he would have to pay child support. He convinced people I was a child abuser and had munchausen by proxy and had my kids taken away and put into foster care. Cfs wouldn't put my kids in his care because they knew he was lying and incompetent. Took me over a year to get my kids, both autistic and now traumatized, back. I went through hell and back with him. A year after I left him and his abuse I met the love of my life. I watched him suffer with dementia for 7 years before his passing. I'm saying from my experience, Dealing with dementia is worse than child and ex issues because with kids you always have hope that things can change. My daughter hates me and my ex has convinced her everything is my fault. She refused to read the reports that prove its his. I get it. Truly. But dealing with dementia is horrifying. 40% of caregivers die before their loved ones because of how hard it is. No matter how hard something is, there is always something worse out there. Always.
Very sorry you've lost someone... I work with PTSD though. I couldn't work a typical job so I have been working for myself for the last 10 years.
Dave and George 😍😍😍👏👏👏
Ohhh Medical Butler sounds good 😉
So, the limit on a Roth 401k is 23k. If you’re over 50, there’s an additional 7k you can add. They need to clarify that statement. To my knowledge, you can covert as much as you can from traditional to Roth, just have to pay the taxes on that.
Oh my gosh, I’ve always listen to this on the radio, and I never realized that the intro was not a recording
I respect you so very much brother Dave. Your so humble and honest, love it. Bless you for sharing your heart.😊
I don’t like how Dave Ramsay immediately assumed they weren’t working hard. I took a few months off between jobs too, because I had such a large savings I didn’t need to act with urgency.
To the gentleman wanting to have and has no one to leave his money to when he passes away. Pick a foundation such as St. Jude’s children hospital as example. Put it in your will how much you want to go to them or just to them for example.
Hey George, U're awesome!
Uncle Dave, U're Da King!
Thank you both for all the wisdom you spray on us who watch your podcasts.
Gil (your Salvadoran Disciple)
Wolfgang, my wife and I are in bs7 and I still bring my packed lunch out to eat with my coworkers. It was weird for about 3 seconds the first time then everyone just moved on and we ate lunch
I think I’m using my thermostat wrong lol
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.
The issue is most people have the “I will do it myself mentality” but not skilled enough. Ideally, advisors are perfect reps for investing jobs and at first-hand experience, my portfolio has yielded over 350%, since covid-outbreak to date, summing up nearly $1m.
I find your situation fascinating. Would you be willing to offer a trusted advisor you've worked with?
"Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I find this informative, curiously explored Rebecca on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated
I disagree with the conclusion they stated about bonds being just as risky as equities as it is intellectually dishonest. If you hold them as investments to sell in the open market to make money off of the sale, then yes, what they said is very true. However, they are blatantly overlooking the other features of bonds that make them low risk and 95% of the time why you would invest in bonds. You 99.99% of the time (unless you are in junk bonds) get your face back and the periodic coupon payments every year. They allow for cash flow management and generate fixed income. The value of a bond (or any security) is irrelevant unless you are wanting to sell it. Should you invest 100% in bonds? No, but they have a place in portfolios.
58:30, Dave that was a trick question 😅
You need to have safety reserve at least 4-6 fold of your monthly expenses...
The app isn't internationally avaiable, not even the free version. I hate hearing the adds for it when I can't use it :D
Having in-home care doesn’t work with fearful person with dementia
A fearful person with dementia requires care regardless of location. Why wouldn’t in home care work? Are you inferring they need to be locked up somewhere?
Always great information with practical insights and actions steps.
I have finally figured it out. Only Dave should speak to people over 40 years old that call. The rest of these folks should only deal with 30 and under. They are not equipped for it -
That dude is living in denial..ptsd ok fine..mental issues are serious...but it seems like the 2 adults want to sit and do nothing til when?
He could sell his house in the villages and buy something else for half the price... Yes even in Florida you can do that.
When will the EveryDollar app be available in Canada?
Get a VPN and it will probably work
A VPN or try the desktop version.
It is available in Canada
It says it isnt available on google apps in my region :(@Supra419
1:28:50 Prime example of people in general, they need to be told what to do. My guy really called in for validation, he really called to be told how to tell his coworkers Im not going out to eat _--. Come on really brother!? --_
Dude and his girl neec to get to work. Get help get healthy and figure it out
Dave is fabulously crabby
Uncle Dave, I really miss your other intro. These new kids can take the new one, but I need to hear Cash is king from you.
Dave please let your host talk for more than 5 seconds for once ! You need to learn to share that mic !
Full sympathy to the first caller but I find it weird that he kept stalling the advice by saying he wasn’t concerned about money but I’m sure his opening statement and reason for the call was “how do we survive with no jobs” or “what should we do?” Or words to that effect.. why did he call if he isn’t worried about money?
Thank you Mr.Ramsey for your transparency. God bless you! No nursing home but savings to buy home care. ❤😊😊😊😊😊
Blowing 1.2M dollars, or 500K, or whatever it was for the sake of it bothers me. Yes, he deserves to enjoy the fruits of his labor AND why not do something to leave a legacy, too? Why not leave chunk to his college alma mater as a scholarship fund, or donate to non-profits doing fantastic work in his community? Maybe it was edited out but I'm surprised this wasn't a suggestion given Dave's value system.
Nick from Minneapolis- if you see this drop your company name! I will need a new patio next summer.
Dave gave wrong advice to the landscaping business guy. He told him to pay himself and make estimated tax payments on that amount. The guy said he has a LLC so he files a Sch C. Distributions aren’t taxable, the income is. So if his net income is 250k like he said then he needs to pay 25% on that amount not the distributions. If he does what Daves suggested, he’ll be grossly underpaid on estimated tax payments.
Reverse mortgage without a payment requirement is a foreclosure risk? I'm very confused on the advice of spending the money that's still growing 1st. Idk but seems like if all that's required of you in a reverse mortgage is the taxes you already have to pay I'd do that or at least sell and downsize....idk about that advice at all
I don't know why the Ramey personalities think couples with separate accounts Venmo each other. It's more like someone pays for lunch today, and the other gets it another time. No one's counting. Also one party pays one utility bill and the other pays another. It could be shared in a balanced way or according to who earns more or whatever the couple choose.
"They can't find their butt with two hands" -Dave Ramsey 2024
As a european, it's not reassuring hearing about a war zone in Europe schedulded in september 2025...
I know; that seems odd. I'm not sure about that lady's situation with her military boyfriend. Seems sketchy.
@@magalibaeck-qy2oq yes something seemed off about that call.
Love the show, but I almost can't stomach Dave
Poor Josh in NC
My generation is sooo soft😅
I was so ashamed for them to be Millennials… I thought they were Gen Z and when he said his age I was like 🫣
We not all cut from the same cloth.
The first caller is so weak. Of course it’s difficult to lose a parent but that’s part of life. He better toughen up as there’s going to be a lot of hard things to deal with in life. Also they don’t even pay their own housing expenses, rely on a family situation for that. They need to grow up.
I'm what you would call "this generation", my husband and I are days away from being debt free house and everything with only one income. Don't put us all in the same basket.
3:00 Crises Dave, not crisises.
Get jobs!! Period.
Also get into therapy. Therapy is essential. I wouldn’t be here if not for my therapy sessions. Get therapy when life is hard and get it when you’re lo free is not hard.
They cant find their butt with both hands😅
Haha no Dave, every dollar premium is not “a couple bucks” it’s a subscription service of $18 a month or $80 a year. I’m a fan of your system. However to preach using your overpriced app to create a budget while living on beans and rice seems hypocritical.
AGREE 1000 percent
So stupid comment OMG 🤣
No, it is not hypocritical. Some folks need a tool to help them. AGREED, it does not need to be EveryDollar. The money to cover the cost can always be found in the budget by decreasing or stopping other unnecessary purchases or subscriptions.
It cost to maintain the app. If you don't want to pay for it, get the free version. I use the free version but think about paying just to thank Dave and the team for all the free content and so they can spread the message of being debt free.
@@dianem4188 They get plenty of "thanks" - royalties from all the book sales they push, and every endorsed local provider and financial planner PAYS the RS people to promote them. Once you use the free version, there is always a marketing push to get the paid version, too. These folks market everything constantly. They're doing fine financially.
Way too over generalised. As a husband to a wife who's gone through panic attacks and anxiety attacks. They are NO joke. She was EXTREMELY debilitated. To just say "Suck it up" is NOT helpful in that stage.
Dave either needs to refer to a psychiatrist or actuality LISTEN to what the guy is saying and be respectful. Kicking people who are down is really not classy.
I thought Dave gave the couple a reality check. They both have access to a million other resources for mental and financial advice, but chose the Dave Ramsey Show for the particular type and tone of advice that is given.
I don’t the caller wants to work.
But it's becoming a lowering interest rate environment
Guy at 1:20 just called to brag about his life and money
15:56 so he will die leaving his home to the state 🫤
George!
Hi
Sir, Buy new car or a used car?
All you have to do is get Alzheimer’s and not have long term health insurance and there goes your $1.2 million!! (Not wishing this on you).
I currently don’t have a need for bonds. I’m perfectly fine with riding an equities roller coaster. 🎢 I buy when the market is up, when the market is down, when the market is stable, when I’m happy, when I’m sad, when I’m on vacation, when I’m at work, when I’m eating Green Eggs and Ham, Sam I Am. 😂
Love it!