I'm Debt Free And Bored!
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- Опубликовано: 28 май 2019
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He's suffering from burnout. Worked super hard to achieve everything and now he doesn't know what to be excited about.
ollieone051 He may also be so used to being busy that when things let up he doesn’t know what to do with himself. This is common with business owners that sell out or retire.
He's like the proverbial dog who finally caught the car. Now he doesn't know what to do with it.
He needs to buy another rental, put some on ETF's and sit on 100k and use some of that while taking a year off to live somewhere new. Rent in the new location with the income coming from rentals and only dabble a little into the 100k. He just needs a break from work from the sounds of it.
He need to get fired and live on 250-300K the rest of his life, probably the junkfood, cigarettes and alcohol will kill him in a couple years. So enjoy it
I am in the same situation.
This dude doesn't need financial advice. He needs life coaching
exactly
yup!! money doesnt make him happy.. i wish i have his problem i know what to do lol
Before you hate on the guy (who probably has way more money than you) tell us how much money YOU have and where you at with Dave’s baby steps.
At first I just thought he was brag calling
I need to engage him in paying off some debt
This guy isn’t bragging, we spend so much time focusing on getting OUT of debt, that once you get to the other side you need to figure out what to do. 250k isn’t a lot of money, if you think that’s rich you’re out of your mind. You can’t retire young on 250k. That’s a 50k salary for 5 years, that’s NOT a lot of money.
He’s trying to figure out how to turn it into a $60k salary for the rest of his life which is absolutely reasonable if he’s out of debt to live off comfortably without being extravagant.
If you think he’s trying to brag, then you’re way too far behind getting your finances under control to criticize anyone else...
Thank you for saying this
Dead right! It sounds like he got so focused on getting out of debt, he lost track of what he wants to do.
R Cruz
Congrats you’re one of the dummies 🥳🥳
Oh yes it is!!!!
250,000 is enough to live off of. 250000 times .05 is 12,500 so you can easily afford a $500 a month rent and food bills easy for the rest of your life
Biggie once said, "Mo Money, Mo Problems" never thought boredom would be one of them.
When you get money you will
I got ninety nine problems, but non-mortgage debt ain’t one.
Most people live in a scarcity mentality. Once you have money you have been there and done that. It's why a lot of rich people turn to drugs.
@@grod805 Sherlock Holmes, a fictional character, consumed a narcotic because life without a challenge bored him. Does money create challenge? No.
Naam Wynn - Personal Finance & Investing I think this was Michael Scott
It's almost sounds like a midlife crisis; 45, no family, no businesses to take up his time.
Come take on my debt. That'll cure your boredom.
Favsunsky yeh me too lol
😂😂mine too
Get in line
aunty uber You get in line!
You get a line and you get a line and you get a line and you get a line!
No debt. House paid off. 250k in the bank. I'd continue to work, but start enjoying your money you worked so hard to save. I know far too many people who died at 45. 55. 60 years old. Unexpectedly. Just shift gears into a work you enjoy and stay active. Be wise with your cash but don't become the richest man in the graveyard either.
So true!
Kevin Nordstrom Yessss!!!
*types in calculator*
Dave: yeah you are broke!
Aaron Hernandez 😂😂🤙🏾
This guy thinks he has a lot more than he actually has. Just sayin.
Aaron Hernandez I am the same age, and I have way more money and income than this guy, and it’s not time for me to take my foot off of the gas. He needs to keep working.
El-Jay Em unfortunately, that’s just not that much money anymore. With inflation, devaluation of the dollar, and the current and future prices of out of pocket health care, I hate to sound greedy, but unless your net worth is a pretty large figure, I’d find it hard to think that I didn’t need to save more, invest more, and not worry about creating more income.
😆
It’s like reaching max out level in a game. You’ll get bored.
xxP1ST0LER0xx that’s when you reset all the XP and start over but that doesn’t really work irl 😂
@@kodyeldridge5847 So you're saying he needs to prestige? lol
@@kodyeldridge5847 NG+1 is getting a divorce lol
That shouldnt happen. If you gave me 100 million right now, i would have no problem keeping myself occupied and would not miss the struggle for financial success at all. I mean even if you have no hobbies and no desire for one, volunteering at charities would keep most people occupied.
Seriously? Max out @ just 250k?
*What a coincidence! I know so many people that are broke and too busy!*
Go to gym everyday. It will help your bordem.
Poor guy. He’s got 250,000 just sitting in the bank
Jim Cooke that’s not a big amount. Not even close enough to live off of with generated passive incomes
Jim Cooke I just hope it’s in a higher earning interest account like a money market
Ya but imagine he had invested it earlier it would have doubled by now
Id buy a corvette
Matt Nicholson I got 15k invested 😁
The grumbling Dave does when he’s calculating cracks me up 😂😂😂
Hrmmhrmmm STUPID! Hrmmmm Net Income….hrmmmm STUPID!
He's bored because he has nothing to work for. He needs to set some goals and get a life! He must not be married.
probably not married - because hes rich.
@@sglacf There are plenty of wealthy married couples. It's not the being married that makes or breaks it, it's the mindset.
@@sglacf hes not rich...
So people get married just to not get bored?
@@sglacf $250,000 is very far from Rich
I actually get it. We get addicted to stress and worry. It’s happened to me, twice. And I sabotaged myself back into debt, twice. Crisis is addictive if that’s all you’ve ever known. 😔 I wish I had found DR much sooner.
Interesting point, and I think you're onto something there. We all know (or ARE) people who manufacture a crisis if none is readily available.
Agreed. We tend to repeat patterns that are familiar, even if they aren't healthy.
I know exactly how he feels. Worked hard, built wealth completely debt free. I retired at 42 haven't worked since. Now 50 I'm bored out of my mind. I traveled and saw the world now traveling is boring. Thinking about going back to work and unsure of what to do. Every day I wake up without purpose it's hard to deal with. When friends and family get up to go to work and school. I'm left just thinking all day. I volunteer whenever needed but that's sporadic as well.
Drew NYC help small businesses grow. You could take a percentage of what you are putting in. This can keep you busy too and you can make awesome relationships with people.
@@JuancoPRoFlow Love it.
Drew NYC
Same. Except I used debt and did it faster. Bored at 32 😢
Drew NYC I feel the same way at 38
Start a non profit
I've been there. Accomplished a lot in short period of time. Pretty much retired at 31. Life felt meaningless at 1 point. Got stupid...tried dumb stuff and lost almost all of it. Now back in the grind and hustle. But I tell ya, its better to be bored than stressed.
I wish I had this issue. 😂🤣 *I'm just so rich and bored, help Dave*
No you don't
No you do not.
🤣🤣
This issue is on my bucket list
That guy isn't by any means rich
Most Americans are happy with 10k in the bank 😂
This dude not sure what to do with 250k 🤔
I actually understand where he is coming from... It's harder to know what to do with your money than you think... He wants to make good decisions for his future!
Yayy Areaa I’m happy with 2k in the bank lol. I’m also 19
@@armandol1826 With zero debt? That's pretty good. You're net worth his higher than most!
@@andrewslwn that's true but at the end of the day: not making a decision is making a decision.
tjbalistic I want to call Dave about a career move. Essentially I want to become a police officer and like 7x my income. However I’m half way from reaching my B.S. as I just graduated community college
250k really isn't that much if you don't have a full time job/income creating additional cash flow.
Exactly....and that's what most of the commenters here dont get
He’s got $1,000 a month coming in already. All he has to do is figure out how to raise his income to where he wants it to be. Not all that difficult to do.
$200,000 in a mutual fund with an 8% annual return, and he contributes $800 a month to it, he will have over $500k in 10 years. If he picks up a minimum wage job he can be contributing around $900 more a month and speed things up greatly
Yeah really shows how clueless these commenters are
When I’m feeling down about my debt, I watch Dave’s vid and read the comments. The comment section are always the best. 😂🤪🤣
Lots of people that just don't understand this man's perspective. But I get it. I was there. You truely need goals and a vision to give your life meaning. It's not always easy to see which way to go. When you're broke. It's easy. Getting debt free is that goal.
He thought being debt free and rich would make him happy. Being happy isn't about being rich. Its about being happy with what you have and where you are in life.
Glad I started watch Dave Ramsey early (age 17). Now I am already prepared for what's to come
Zibzo good for you. I started later but I’m debt free now
Your well prepared for the boredom of having lots of money in the bank 😂👌👍
@@joshuamclean4588 thanks. I'm doing the Bright futures program and since my grades are good enough I get college tuition for free in Florida and I'm most likely going to UF. I couldn't ask for anything better.
Zibzo smart
Zibzo how much do you have to pay for each semester? Like room and board, books and classes. Or is all that payed for with bright futures?
Move to Thailand. I read an article of the top 10 places you can retire with $260,000 USD. there's your answer.
Maybe Phillipines. They actually speak English.
@@GUITARTIME2024 The government is much worse in the Philippines
@@GUITARTIME2024 Government crime and women are much worse in Philippines. Just want the $$$ green card and leave poor old rich blokes like the caller on the streets
Can you share the article with me?
True Macau is pretty cheap I hear.
Get yourself a wife that is gold digger that'll spice things up. 😂
😂😁😂😁😆💯
Plenty of them around...
@@darkrosereaper4653
Of course😂
Is 250k enough for that?
😆
Dave needs a new calculator.
Martin Farrow no need to buy a new one when that one work just fine.
@@polako2 nah with his net worth he could license one for a 5 year plan no problem
Dave did fine in life with his old calculator, no need to upgrade now😏
Some time I question if Dave is really good at math as he claimed. You don’t need a calculator for simple math like this.
I heard it's from 1987. Could be his lucky calculator.🍀
Never seen Dave get his math right with the calculator 😂🤣
So... He can't volunteer somewhere? Like, feed the hungry or take care of animals in the shelter? How about mentoring the youth?
Gr8 ideas!
Omonike Efunyale
You can’t?
@@topcomment3816 I DO VOLUNTEER! I FEED THE HUNGRY @ Trinity Cafe in Tampa, Fl.
Omonike Efunyale
Typical. You do something good and automatically you are better than everyone else. Why are you assuming the caller is not doing the same????
spirals 73
Wow! Did you really just call Omonike a man? I’m really tired of these disparaging comments towards *people of color!*
Only people in debt will say that life can't be boring if you have money. I became debt free at 25. Savings and investments are made automatically. I'm still young so I still have goals but I can totally see someone getting bored with life at any income level
Negative. He can volunteer feeding the hungry, or taking care of dogs in shelters. There are lots of Youths that need to be mentored. There is always something to do he could give his TIME, if he does not need money!
@@MsMaxinejoy not everyone has that in them.
Bingo life is not that fun.. it's expensive. Even if it was free tho life is repetitive and filled with stress and drama it's no fun
I wanna know his 12% mutual fund this dude is always talking about xD
It’s a lie
There’s definitely some out there. For
example fscsx has a 16.37 lifetime and been around since 1985. Granted expense ratio is about .72 annually. Also as of writing this snp is 11 for lifetime I believe.
Haha right? It's just that easy to net 12%.
I'd like to see the 10% mutual fund...
Probably a bit of leverage
IF ANYONE THINKS THAT MONEY BRINGS HAPPINESS, THAT MAN NEVER HAD MONEY
not gonna lie, being bored was how i got into debt! (but i'm debt-free now)
I just ate and I'm still hungry
Ben Reilly I’m broke too but I’ll feed you
@@Sunflwrbtch
I can Feed u both if u want
Mandy's TOP 10 aww you’re so nice please do ☺️
He just needs to buy another rental property, move to a new location and use the rental income to pay for the place he will rent. Find a hobby there and enjoy life without work for a few yrs. Sounds like he is stuck in the rat race and just needs time off of work.
Is it me or does Dave always says his calculator cant be right? You'd think by now he'd know how to use it
🤣🤣
grod805 LOL
He'd be better off just using a compounding interest calculator online
Dave is being very patient. This guy needs to listen.
Excellent advice, Dave.
Raise your goals!
This guy needs to take about $5,000 and go on a two week vacation in the Caribbean and go snorkeling, jet skiing, relax on the beach at night and tour the Island and think about what he wants to do next.
this is a valid question!! When people are bored is when they start to spend and waste money and then it can spiral. Great q.
Learning how to become a balanced person, and taking time to be grounded at the start of each day, learning to be grateful for solitude, for that matter, if he were to make a list of everything in his life that he can be grateful for, he may realize that he wasn't bored at all, just unfocused.
Proof that having money doesn't make "some" happy
bored and happy are not in the same league. bored doesnt mean UNhappy.....
The take a way for me was you saying your always looking at how to make businesses better, a lot of people find me annoying with my fee suggestions how to make things better. Glad to hear there are others like me out there
People wish they were you!
Stop wishing, start doing.
I think Dave might have missed the point on the reason. Sometimes piling up more money or wealth is boring. It doesn't seem purposeful any more. I get it that he can't quite retire on what he has. But I think he might be having an existential crisis that piling up more money isn't going to fix.
Wow this is literally a 1st world problem right here. Wish I could say I have anywhere near close to $250k just sitting in the bank.
He answered his own question. "I buy more rentals"
is the correct answer
Oh man, I was in the same situation like this guy two years ago and ended up moving to Taiwan, starting RUclips channel, living life to the fullest.
And now, starting a nonprofit.
God gave me purpose again. Reading the book of John and connecting with a local church helped me tremendously!
Freedom Church in Chatsworth! We’re about to open an online church soon too!!
People who work their whole lives then retire they are clueless to how to enjoy life. People dont even know why they are working to Save Money.
Lucas Van 💯
,depends on where and who you live with.....
This guy didn’t have the heart to tell Dave he’s done working lmao
Buy another investment property with $200k, leave $50k in the bank.
Move to Central America for a year or two on $1500 p/mth rental income.
Go find yourself.
Unreal.
Uhhh if people find out you're rich like that. You could be in trouble.
Could be in trouble here in the states too.
$1500 USD in C.A is like 10K a month. :)
geometric art $1500 USD = $1978.03 Canadian. Did you mean Canadian?
@@linziee.8651 maybe C.A. means Central America
I hear there are some empty houses in the Honduras you could move into
I know where this guy is at. I did Dave's program and paid off all debt including our home expecting to feel for lack of a better term happy.
I quickly became bored, bought more real estate with mortgages and paid them off recently. During this time my goal has been to become financially independent through self employment/rental income. I recently left my 9 to 5 job, that was mentally stressful initially, now I feel extremely privileged to have the freedom to structure my days as I wish.
I have $25 in my savings & idk what to do! Please help me! 🤣 jk...I have $0! Lol.
First you want to make a budget of all your expenses for one month. Get them lined up most important to your budgeted "fun money" so you will know what to cut if you have to. Make your expenses less than your income.
Next you want to look at your debt. Do you have any Credit Card debt? and Student Loans? A car payment? anything but a mortgage if you have one. List them all and then order them smallest to largest, you'll not use your 1,000 dollars to pay these debts. That 1,000 is for anything crazy that happens to all of us that you absolutely can't pay. pay the minimum payment on all your debts and go into hardship deferral on your student loans to have as much money as possible to kill your debt. Pay off your smallest debt and then use the minimum payment from that debt to kill your other debts.
Now it's time to plan for your kids, Budget $100/month or more or less for your kids college/whatever they want if you raised them right fund
Now it's time to pay off your house. Budget all your extra income into the principle of your house
Sam Reagan lol. Thanks. I have my $1000 emergency money saved. I was joking. I’m still on baby step two. But thanks for the advice! ☺️☺️☺️
I know I wouldn’t complain! You have certainly worked hard, you should feel amazing
Yeah, you'd think so. But it really doesn't work that way. You need a purpose in life besides just having money in the bank. I'm around this guy's age and am in a similar financial position, so I can relate somewhat to what he's saying.
mysticaltyger2009 I’m 21 and almost finished with school and I nearly got $10,000. I’ve been bored of life since 12 and if it’s all about working, gym, sleep, etc. consider it a waste😔🔫
The guy has no purpose
BV Lee purpose comes and goes in life
Negative. Purpose and vision drive you forward.
BV Lee I agree with that.
Paranoid Afterparty , I struggled for so long. Vision and purpose were the only things that kept me sane and hopeful. Just my 2 cents.
BV Lee right, my point is just that in my experience there are times in life where a person struggles to find purpose. And that it is normal and not something to beat yourself up over.
My dad took up woodworking as a hobby, he really liked that. He made beautiful furniture and restored antiques.
I'm living almost his exact life right now... Unfortunately 250k just isn't enough to work with... I feel stuck as well and use to own a business...
Andrew Hilker how old are you?
@@Sunflwrbtch 13
@@Sunflwrbtch $250,000 is not a lot of money in the scheme of things... Looks like a lot but it goes faster than you think... A start up business is extremely risky...
@@sabsturr in business it truely isn't
@@andrewslwn bro go buy 4 houses with 4 mortgages and split the down payment between 4 then pay off the mortgage with the rent
hes upset he doesnt have enough to retire on now, keep working and investing dude theres no way around it
I wish I were him. But I'm glad to be almost done with college with 10k in the bank. Sucks that I will lose my temporary positive net worth because of mandatory grad school in my field, but at least I'm already making tons through internships with high rates of job offers. Just need one year after graduation and I should be able to clean it all up and start saving.
Bravo. High quality problem
Investing in you health is great for body and soul 🙏🏼
Dave with that calculator was the funniest thing I’ve seen on this channel.
I hate that so many people always think the callers are flexing on others. Not everyone is a deadbeat. This guy just has a regular life. He didn't call in and say he makes 10 million a year and has too much fun spending it. He saved a little money and would like to grow it a bit more. It is regular stuff.
Some people just don’t want to work anymore. He just didn’t want to tell Dave that. The issue with the caller is he wants 6k coming in a month. If he’s 100% debt free he can live on half or more than half of that - especially in Arizona. Unless this dude has expensive taste on vices.
People are gonna be in for a rude awakening when they're on their deathbed. Money isn't everything. Start living, you're not taking it with you!!
Amen
However, it allows you to spend the time until the deathbed with a nice home, good food, and proper medical care.
I am living, unlike anyone else.. Vacations, making memories with my family and working less and less
Jim Halpert Yessss!!!
I agree, I believe in being smart with your money, but what's the point of living like your broke and then kicking the bucket with a million dollars in the bank? If you work hard and have it, spend it and enjoy it wisely.
probably the saddest call I have heard yet!
Goodluck averaging 12% on a mutual fund
good luck getting 12% annually on any regular person investment
Yeah, where do they get these high returns on a mutual fund
@@mytravls they dont🤣 maybe one year but they don't avg it🤣
v Feisty yeah, I just see money going out in fees. 🙄🙄
Luck has nothing to do with it.
Simply put by Dave "What are you gunna do with your life?". Deffinetly called the right man.
*My impression is that he called Dave hoping for ideas on what kinds of investments would (1) be safe, and (2) build his assets up to a point where they are making him the kind of money he wants to have. He wants to go have fun, let his money work for him, and not have to worry about working anymore.*
Start something to give back : feed homeless, help animals, build a house for poor , voluntiers for elderly, teach, something
250K plus 85K in IRA...still should be working...that is not much savings for age 45.
agreed.. not a whole lot. For 6k a month you'd need like $1.8 million at a safe 4% withdrawal rate.
He might have assets in house plus assets in rental so still doing well.
he's beating me
I’ll take it
Definitely still has to work, but I sympathize with him. Dave doesnt really talk about the period where you have no debt and a decent amount of money, but nowhere close enough to retire early. It’s not that motivating to keep working just to throw more money on the pile.
6% and 8% withdrawal rates are still too high. It shouldn't be higher than 4.5%.
Sounds like he's got my problem 😂 I like staying busy and get bored and restless when I'm not,
Can you build wealth by renting? Not owning a house. I live in California and will be debt free by November. Also, I'll have $15,000 in my emergency fund by the end of January. Im married and no kids. We dont want any in the next 5 years either.
R- Man it’s difficult when you’re making someone else rich. Get out of California if it’s even possible if wealth accumulation is your goal
Blessed to bless. Find someone to bless with what you have been blessed with.
Many entrepreneurs have this problem. They can't slow down at the end of the road. They can't stop working because they have nothing else to do. They've wrapped themselves up in their business often will mettle without realizing it. They will think that the business will not exceed without them. I learned a long time ago, a person needs to practice at retirement. Ever increasing vacations without checking in with the office. Trusting the people you put in charge and if you ask them a question reflect for a minute (just because it's not what you'd do doesn't make it wrong) then give them the permission to make the best call they can make. Always give more latitude for others to learn from mistakes. You're a mentor not a dictator.
Set new goals of helping people
That's fun. Yep.
Dave calls himself a math nerd, but everytime he has to pull out a calculator he struggles. Lol.
$6k are you kidding me!? I’ll gladly settle for $3k a month with my house paid off and no debt
I love watching Dave do math!
Error 404, it doesn't make sense. How does a guy with ZERO bills needs $6000 a month?
He said he has zero debt, not zero bills
He’s American
I wish I could find the mutual funds that return 12% that Dave speaks of.
Why dont you ask him
"Growth stock" mutual funds, not the conservative, blue chip ones
That was fascinating.
"Go getchya some, man!" --Dave Ramsey lol
He needs to get a Life,
go to the beach, walk
enjoy the simple things in
life, he sounds older than
45.
Showoff failed
Unfortunately Dave, I don't have this
'problem '
Just bought the book,
"The Total Money Makeover" so hoping to get there soon, thanks.
Best Regards from England.
I love the question. "What are you going to do after you slay your dragons?"
Read the book mastery by Robert Greene
What did you learn from it? / what's it about
Yeah.... debt free is #1.... freedom from NEEDING to work is #2.
This was one of the more unique calls overall
That's a great "problem" to have. 🤷🏽♀️
Where are all these 10/12% mutual funds???
here we go... they are out there.. do some research.. Example, Fidelity Contrafund, it's been around since 1967 and has averaged 12% since inception. There I gave you one. Now invest some freaking money!
@@ChrisMFlorida 🤣
z m they exist but there’s no evidence to suggest they will continue to make 12%...all the ones who fail disappear and those will too
@@SlippinJimmy007 idk I just don't believe this perpetuated notion that it's that easy to invest and average 10/12% over xx amount of years
z m that’s because your using ur head. Dave Ramsey profits off these mutual funds. No they do not reliably make 12%.
I wanna be debt free and feeling bored, I’ll just keep saving and investing
That’s great money for spraying bugs.
Haha I love Dave and the calculator
Get Russian wife if you are bored LOL
AutoMotoCha9L just get a gf
AutoMotoCha9L in Russia you don’t get wife, wife gets you.
Russian Girls are very feminine, smart and beautiful. Great advice!
He should get a cool hobby like RC or a car club, maybe teach a class on small business or debt class through church. Volunteer or foster dogs or cats.
I love everything Dave suggests except the mutual funds. There is almost no way to make money off mutual funds once you pay the yearly fees and calculate inflation. A much better choice would be ETFs. But really, if you have 250K sitting in a bank, taking a real estate investment course and buying 6 plex and bigger rental property and using bank's money to finance them is the way to go. You can make so much more than playing the stock market casino and putting your money at risk when the market has been in a bubble for years now.
Im 25 debt free never had dept cashed my Home recently that was my goal for 6 working year Think im gonna slow down a bit and enjoy what i have now sometimes we just chasing the next thing without realising how far we have come