We Financed Everything!
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- Опубликовано: 3 фев 2018
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I love the way this caller talks. Precise, quick to answer. Doesn't ramble on or take forever to answer simple questions.
That’s because they did the budget, started program, and are on track to attack the debt.
Exactly I hate when people give unnecessary details talking about their justifications for stuff
He probably wrote some things down prior
When the guy said he was "considering training it in straight away for less but would miss the registration and repayment fee" I think that might be the only time I've seen a caller push back with an idea that Dave actually agrees with.
Esiri yep, he was prepped for this, and wrote it down, but he articulates himself well ❤️
“I’m a little stressed.” First caller I’ve heard say something negative. All the others say “I’m doing great Dave! ......I have $150k in debt”
😂
Yeah this guy is gonna be alright.
All calls should start like this. It’s called honesty.
What baffles me is the fact that his wife runs a daycare in home, but still insisted on buying such an expensive car if she's home most of the day.
Could have been used to transport kids, but if that's the case is a business expense. But that high of a payment is most definitely an suv
@@williamnettleton3413 why would you buy an expensive car to transport KIDS?? Lol
@@ugladden probably the safest car that she could get based on lists.
A 30000$ car is not a lot if it’s anewcsrbut yeah should be driving a hooptie
If she’s like my girlie she likes spending to feel better about being stuck home all day
Whew!! I'm so glad my boyfriend got me into watching Ramsey. I am 21, 3k in debt, making 30k a year and was thinking about buying a new car for the heck of it. Truly, I am so glad that I took my boyfriend's advice and started listening to Ramsey. I am currently working on baby step one and if all goes well I should have my debt paid off by the end of the year and have a cushion emergency fund. What a way to start 2019!! Thank you Dave ❤
Jennifer Garcia I just started listening to him too! Paying cash for our wedding in 2 months, then starting the baby steps. Have less than 3k in credit cards and 8k left on my car...should have it all paid off in about a year!
Good to start controlling your debt at 21 rather than at 51 or at 61.
@@jessabbott7830 wish nothing but the best for you. Stay positive and god bless.
Sounds like your boyfriend is a keeper.
Jennifer Garcia same here. Before listening to Dave I was also in 3k debt. Turned 27 in September. In about 4 months I've been able to get out of it. I don't owe anyone anything and i will always keep it that way. Good luck, miss
Finacial planning should be part of schooling.
Financial planning should be part of parenting.
The economy depends on consumer credit so that won't happen.
It is. Its called Financial Literacy.
The people who would pay attention in that class will never end up in this situation in the first place.
I agree on the parenting part. It's ok to teach it in school, if credit cards are taught to be bad, not good.
Lol 36k on credit cards and 33k on a car loan. I wouldn't be able to sleep
@Larry Emert - brother, I’ve been there. Trust me, getting out of debt was the most liberating feeling in the world. We don’t finance ANYTHING and haven’t used CC in over 10 years.
@@aeromedical6750 well done! I'm currently debt free at 21 and no plans for debt!
With a 6 figure income, there's absolutely no excuse for this unless medical bills are killing them
True story...
I have no debts and I can't sleep worrying about my future. I can't even begin to imagine...
Oh lord the mortgage payment is too much. I love watching your Show dave. I paid off my student loan two years ago. My husband has only $5,000 left on his $80,000 student loan. I followed your methods and did a budget plan and it worked. My Husband's credit score was 590 now 701 mine was from 520 to 690. Thank you.
It bothers me seeing all the people in the comments section judging this person and comparing their situation to his. Everyone's situation is different. At least he's trying. Good for him for realizing there is a problem and doing better.
Spot on !
He's not trying...he's talking! $36,
This is a guy who is ready to pay off debt! i love how everything is very thought out. You can tell dave is impressed!!
We financed a couch and a car. Truly regretting it. Were paying the couch off in a few weeks and returning the car after we fix the one we have that needs a motor. After that we are never financing anything again
Do you get the couch paid off?!?
Smart
Good job!!
This is probably one of my favorite calls.
I did cringe when I heard that their mortgage payment is $3,500 per month. Ouch!
I would probably kill myself if I had to deal with that. My entire monthly budget is about $1,000 less than that each month for all of my bills. I'm still trying to crunch it down further with the Ramsey plan. I've got a car to pay off, but it's only about $10,000 and that'll be done by the end of summer. I already paid off all of my credit cards, which took 14 months, but that was like $20,000.
Normal for San Diego but income a little low for San Diego
3500 is normal for New York as well California and New York are two of the most expensive places to live
My mortgage payment is $3500......... per 6 months lololol
Supdude don’t get what’s soo funny?what people pay for a mortgage depends on location, and size of house, where do you live?
He said solar system I’m thinking they bought a planetarium 😂😂😂
"Just a modest K class star in the Andromeda galaxy"
Star Lord calling
Why do people keep asking this guy if they should sell their car? If you listen to Dave you should already know his answer on cars and loans.
Yeah sell the car 🙄😬🤣😂
I think the question was more on how he should go about selling it
Dave Ramsey for President!!!! A country with no debt!!!!
And everybody will have 3 to 4 jobs and eat rice and beans
@0 views in Miami rice and beans it's a delicacy most of our income it's for the roofers you even have to pay to live under the bridge. I prefer a boat
Haha can you imagine the whining that would go on...my goodness even congressmen and women their inner 4- year old would come out!
Andrew Jackson was the only president to ever pay off the national debt. And he was hated for it. And the number is astronomically so much higher now than back then, it's not possible.
In order to pay down the national debt, taxes on the wealthy would have to be increased along the lines of where they were in the 1950s.
Do you have money to buy something out of pocket? Yes - go for it. No - don’t do it!
Nikolay Delchev It takes some of us years to learn this, but the smart ones figure it out!
It depends how long you are okay with delaying gratification - if I have 20k, and I could buy a car for 20k then I have 2 options:
1. Buy it now
2. Invest the 20k, buy it later
If later is just 1 year later, and I can invest at 5% annually, and because I waited, I saved 1 year in registration/petrol/damages/etc, lets assume that all adds up to $900:
In 1 year I will have a Car + $100 (5% on 20k) + $900 (running costs). That $1000 is like a life-time cash-flow compared to buying the car now, because I can invest that $1000 EVERY year forever until the day I die. In 30 years, that decision to wait 1 year will save me $1000 * (1.05)^30 = $4322. This is actually 21.6% of the car value for waiting just one year!
@0 views don't have to live by that logic to the letter. Point is want new tv. Buy what you can afford or wait and save until you can afford the tv you want. That pretty much applies to most basic things.
The way I look at it is by paying cash you learn self control and also if you want into a store with $500 and walk out with $50 in your wallet is much different that putting 450 on your card.
Yup
Not always entirely that simple, but for the most part that's the most sound advice you can give :)
Broke and living like a millionaire lol I'm glad that mom taught me to be responsible with money from an early age
I want a woman like you
If anyone was ever raised by a Depression baby, they wouldn't be spending like this.
Pat in the back?
Women like you are worth their weight in gold.
Took me until the age of 30 listening to Graham Stephan, Dave, and Investing with Rose to figure out all of these important financial lessons
This is how you do a call to Dave! If you want to call, watch this video. He had a clear question with figures ready. He didn't go on and on about data and how much Dave changed his life and blahblahblah. This was even one of the few times Dave changed his mind based one what the caller said. Dude was awesome!
These calls always stress me out. Happy to say two days ago I finally finished paying off all my debt!!! For the first time in my life I am debt free.
$3500 a month house payment and all these balances owed on cars...living beyond their means obviously. They need to drastically change their spending habits and live the lifestyle their income allows.
TeKnoVKNG23 Agree its not late but they need drastic changes made.
she runs a daycare on the house, that has to be taken into consideration
Atleast he's addressing the problems now.
The house is the price of living in San Diego.
TeKnoVKNG23 ?
I got a headache listening to his debt
😂😂
Me too, Man. Me too
Lol
Poor guy
"My house payment is $3500 a month" just about knocked me out!
Christ, I only take home $1,200 a month and I still manage to make it work. I hate seeing people earning more than me still struggling and in debt. Live within your means, people!
Bartholomew Butternut thats really low pay
1200? What do you do? How is it possoble to only make $1200? Even minimum wage makes more than that
8000 per month in SanDiego, CA is not that much money. Property tax, mortgage or rent, etc. is very expensive.
Bartholomew Butternut so is that like social security or disability or something?
cheryl q actually depending where you live minimum wage is less than that
When you said they’re in San Diego I wasn’t surprised they were in debt.
And here I am stressing over splurging $28 on speakers for $2000 (If im lucky) car. You see how Dave has absolutely changed me? Up until last March I had $8,000 in tax debt. Paid it off in months using Dave's guidance.
San Diego is expensive.
The problem is the more you make, the more you spend, they can't manage money, want instant gratification if it means going into debt.
True! So many people think if they make more money everything will be fine. Usually it's not because if you already mismanage money, MORE doesn't help.
My friends see my '98 Buick Regal with the paint peeling from the roof and sides, no car payments. Lol!!!
Hey man I bought my first car with a loan payed it off only 10k but after that I bought a 2nd car for 700 cash and it runs fine paints fine alot happier with the 700 car honestly haha
comments are savage.
Chiara TV ikr
Wow I will just keep on happily living in my apartment and driving my 2006 SUV, with $0 in debt. :)
"Oh Lord!" is right on HERO loans. I saw one where the effective interest rate was 33.81%. What a ripoff scam!
My gosh I felt like I was drowning in his debt just listening to this
The good news is that he caught this early in his career and he has a great income. As long as he stays on the plan this young man will be just fine.
$3500 is still a lot even for San Diego
Sell house, stop making payments on everything, file chapter 7. Get rid of all that debt, Start fresh and new. By the time it takes you to pay off all that debt you could completely rebuild your credit in that time.
This guy's and his wife's spending are out of control
Solar is the stupidest thing right now... good in theory, but way too expensive right now.
There are no mistakes . Only lessons . Lessons that repeat until we learn them. David. chicago
David Jenson True. Nick. new jersey
David Jenson j
David Jenson c
I bought 2015 ram back in 2016 for 25k financed for 5 years...then wife got to listening to Ramsey and we paid it off in 2019. No more car payments.
Hoopty to the rescue.
Aaron & Wife are tackling their debt head on! He has a good head on his shoulders.
someone with a good head on their shoulders wouldn't have gotten into so much debt in the first place.
Sometimes you have to learn from your mistakes..
Do you consider Dave to have a good head on his shoulders?
Not really. Dave seems self-righteous and his opinions about investing in actively managed mutual funds over index funds is idiotic.
@@gnometheory3831 So Dave doesn't have a good head on his shoulders? Bad analogy.
Adam Gerson sometimes he really does.
“My father gave me a small business loan of 5. Mil... “ sounds familiar lol
When DR said O'Lord after he explained the hero loan. I busted out laughing so loud.
I like what he said about dragging an anchor. That’s what our everyday feels like. And it’s not getting much lighter.
When he said "I know 😪😪" after talking about financing his solar through his mortgage I heard his pain 😣😣..keep going buddy! It'll get better!
Proud of this family letting go and bettering their situation.
My 2 vehicles have been paid for. My SUV is old enough to vote and my husband's 13 yr old truck is still kicking.
I am in my late 30s and still on the 4th car I have ever owned. They all drive a little better when they are paid in full
I would have been a millionaire if I made this guys paycheck...jeez!
Remember they live in California
@@mr.worldfree3333 San Diego at that I heard it's super expensive there
John Zabik 120k is poverty level for a family in some parts of California.
I make 55k and live and San Diego. It's great living here but it's really expensive.
eedd sdsd liberals with high taxes to support the illegals that live there 💀
Crazy how they make all this money... and cant live within their income.. i make 30 percent what they do and i have savings and all my bills are paid. I always have more money than month.
Raver Magik but where do you live?
It’s a special and rare talent, and you’re lucky to have it. Well done!
@Oreo Emesis, your question is a fair one, but it also suggests an answer. If the cost of living is what's crunching you and your family, move somewhere you can afford to live.
Its not what you earn its what you spend ,so on their income their mortgage is doable its what else they spend thats the problem
As always, Dave’s advice is golden. He’s a total legend, live long and prosper, Dave!
He's doing great! Proud that he and his wife are taking these steps now.
Good job guys!
Good talk with David!
Great Communication!
Great, Great job by your Dad to get you in FPU!
A positive call!
I Couldn’t even breathe right hearing this call. Best of luck
As usual Dave handled this fantastically,I felt the rapport as if he was talking to a son or his younger self.dave your a legend.
I live in a neighborhood full of people riding in luxury cars and sipping expensive Starbucks. I will say I feel a little better knowing that they’re not all as wealthy as they seem.
CitrusEscape the gas station coffee large is about 2$ now and tastes horrible Starbucks medium is maybe .50 more and tastes way better it’s not the end of the world
I thought my mortgage was high at 1400. I'll just die with a 3500 house payment
Jay Neal
True but in California you would be getting paid more. We have guys here at work who were making $12000 more a year just because they worked in California/lived there for the same company. But they also have state taxes and everything else. So they were paid more, but they also pay out a lot more
Isaac Spencer our monthly gross is pretty much the same. At 8k hes making about 500 more then me. I actually lived in California for a year and I got out of that place. Personally I wouldn't live in a state in witch i cant afford to live life after I pay Bill's. Most people I knew in cali either lived far away from the city or had roommates.
Location location location
I think your mortgage is high at 1400. Mine is $660 including taxes and insurance.
agree, $1400 is ridiculous. At least here in Arkansas lol.
I’m 29, debt-free, stressing about having enough for retirement. I can’t imagine 34 with $160k in debt.
I love how this guy and his wife are both on board. Not one fighting the other
39k Student loans, 33k car loan, 36k credit cards, $10k personal loan to father, 38k HVAC system, $3500 mortgage payment. All of these debts with $120k. It’s not beans and rice in this budget. It’s bread and water....
What’s sad is that 120k in San Diego is equal to making 60k in most other states
Wish I brought home 8,000$ US a month
I am totally debt free. That includes house. If I were bringing home $8k per month, I would be stacking so much cash it would give Dave Ramsey an organism. I would be thinking retirement in 10-12 years.
"an organism" LOLOLOL
ORGANISM
My wife and I work part time and bring down 8k after insurance is taken out; debt free and house paid off -- buying things is fun again!
You can go to school
Really like this guy. Wish we had an update
Good call. They are going to win. It really helps to have a financially astute parent.
He should have moved to Southern San Diego county instead. $3500 mortgage is too much for a $120k salary and on top of that, those expensive cars.
Viet PopLove he should’ve left California lol 😂
Aaron sounds learning Dave's Baby Steps fast. Keep up good work Aaron! 👍
Dave is the reason why I’m scared of debt. So he doesn’t scream at me.
This couple is gonna be fine, I can tell.
3/8/21....This caller is INTELLIGENT + has a list in front of him to actually tell his story & tell his financial info.
AND really seems intense on getting out of debt & working towards Financial Freedom!
Wish him & his wife the best!!!
This guy has a great father. They’re not unsuccessful but they made some mistakes. They went to the father for help and he hs the means to help them but said they’re gonna learn to be smart and get serious as a condition if it. Now it sounds like they’ve had their wake up call and they’re ready and eager to direct their intellect toward fixing the problem so they can win. Parents!
$8000 a month and he relies on his Dad to pay off his car, pathetic.
Andrea Martin Don't be bitter that he has a father who is willing and able to help him.
wasn't exactly a reliance on him to pay it off, that was only to get it paid off and sold to reduce the drag it has being paid off month by month and to knock off a chunk of debt. from what it seems he very well could have continued to pay on it, but obviously since he had the opportunity he took it (as he should have).
They live in California. Not Alabama
That's hardly anything for California.
Jealous AF 😂
Was on the wrong path for a bit and checked myself. Bought a 6k Honda fit for until we get everything but the house paid off. Now I kinda like the car and am going to drive it for another year and go heavy on baby step five.
I like how he sold Dave on taking the dealer's offer
Dave wants him out from under that money pit as fast as possible. If the hit from a lowball offer is offset by upcoming bills, it's better to dump it to the lowball offer.
I wish every dollar app would be available in the UK :)
$1k to REGISTER A CAR??? I live in NYC. My registration this year cost me $133.50. And this is one of the most expensive cities to live in, in the world. How can registration be 1k?
So proud of this caller! What smart decisions he's making for his family, could it be a baby is on the way?
I'm not getting rid of the car. I'm getting rid of the house. It's too expensive. How about something one thousand dollars cheaper per month? If that can't be done move to a cheaper area.
J.D. Hague probably not possible in San Diego
brandonmc01 well then the choice is easy. Move to another area that's much cheaper and with a pay that's really good.
ITS DISCIPLINE DOWNSIZE I BUDGET 919 MO. FIXED INCOME - $15 MO. FOOD STAMPS US POVERTY??
People are competing with the jones
J.D. Hague agreed. Actually I’d be getting rid of both. Paying $3,500 on a mortgage when you’re making $8,000 per month is ludicrous.
You make 120000 dollars why are you not paying more
Probably because he lives in California. California is super expensive.
@@alysa7364 the real anwerser is : they already have a lot of credits so they have to pay for what they didn't payed before + interets, so abvously not that easy because they took too much at the same time
@Alysa 736, what's so expensive in California? He shouldn't be going to restaurants. Clothing and entertainment can be bought online for basically the same price as anywhere else in the country. Groceries shouldn't be that much higher. Taxes and fuel are the only real hits, if he's smart about it.
@@---cr8nw Moving from CA to WA state cut our rent payment by almost $1500/month, and our grocery budget by almost 1/4. San Diego IS expensive! We weren't there by choice, as the military sends us where they want us. We were glad to leave the extra expenses behind!
This was a great call hope they doing well now.
@daveramsey I'm snowballing credit card debt 2 down 3 to go! Yay!
I live in SD, absolutely expensive especially if you want to buy a house but will do anything to survive and be a winner.
No need for her to buy 35K car just because she's SD wife. Dodge grand caravan at 10K will be enough. Beans and rice rice and beans for them. 120K means only 95K take home pay. Almost a poverty level in SD LOL
Good job
Mortgage is HALF their monthly income.....trying to live the american dream.......what a nightmare
That’s the biggest problem
To many people want 50 thousand dollar cars
What's wrong with living life and enjoying things while your here?
If you want the luxuries of a 50,000 car, put them in yourself. I just installed heated seats in my wife's car. The kit for two seats was $50 on Amazon. A sunroof kit is about $250. An offbrand sawzall is about $30. Leather seat covers are $60 - $400, depending on what you want. An aftermarket radio and speakers is going to be $100 - $200, not including subwoofer and amp.
Take a $2,000 car, add $500 worth of these features (at the low end of the price scales) and you'll feel like you're riding in the lap of luxury. If it keeps you out of a $500 car payment for just a half a year, it'll have paid for itself.
@@lmnop01, there are videos on here on how to do it. Use a sawzall. The big thing is to make sure you're not cutting into any wires. So take the headliner out first.
For a 5 min drive to work
One of the smartest callers
Wow!
This couple have the right attitude
The man definitely experienced lifestyle inflation. Not every one is born financially literate. While people in the comments are judging him for his poor financial choices, I applaud him for now being AWARE of his financial situation and reaching out to Dave Ramsey for help. I hope he’s doing much better now!
Where can i read a full list of baby steps? Also, can they be used by anyone or is it catered for Dollars? Thanks in advance
I lived in California for several years and the car registration amount is insane!
24.5k sounds like a good offer honestly. Come across a lot of people that think they can sell a car on their own and sit on it forever while the value ranks and then end up going back to the dealer who now can offer even less.
Debt everywhere. Omg. This is ridiculous.
“You gotta Sell the car” I knew it was coming. Lol, If you can’t afford it, out of pocket, and it’s not a necessity why borrow. Simple, people construe what the “American Dream” means.
Dave, I turn 70-1/2 this year and I'm required to start taking money from my annuity by next April 1st because this was purchased with 401 money. I also have one that I bought with savings. I was told I am NOT required to take any money from it. Is that true? Now, when I do start taking monthly payments will I have to pay taxes on this money? I know I need to pay taxes on the 401 money, but do I need to pay taxes on the savings annuity?
I bet this couple would look mad rich to a casual observer.
i had a vehicle that was my annual income... but it was free, however when the first servicing bill came, Jesus!
Great Dad. Parent need to learn finances so that they can teach their kids.
Ouch
they are going to knock out that debt
Wow- this is the financial planning strategy of a couple I know. They wait at the mailbox for the next cc offer to be delivered. I don’t know how they sleep with the debt they have sitting on them.
Wait till she divorces him, he'll be left without any assets plus all of the debt
eclipseNF why does everyone assume people will divorce. Every relationship is hard work: marriage, family, friends. All are hard work.
Amanda Johnston Because 50% or more marriages end in divorce and the remaining people are not all that happy
TruthHurts no one is forced to marry that’s the point. If a guy doesn’t want to marry a girl then don’t ask her. Simple. Marriage is a HUGE commitment. I think one problem is people don’t understand that and end up with someone they won’t stay with for their entire lives.
Amanda Johnston Oh yeah and 70-80% of divorces are initiated by women so that's why I say she divorces him. They're the ones who can't commit.
TruthHurts I get that we feel different on the subject. However, if a guy asks a girl to marry him then he should know what type of person he is marrying, same for women as well. People don’t take as much time to date anymore. It’s hard to make any relationship work in today’s fast paced, the grass is always greener on the other side, relationships are hard work.
You can get a credit for unused registration after you sell, so don’t let it stop you from finding a better sell price.
Video started with mortgage loan ad!