My Wife Wants To Go Back Into Debt!
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- Опубликовано: 2 июн 2021
- My Wife Wants To Go Back Into Debt!
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Buy a 3k shed, finish the interior, get a portable ac and bam you have an office. I did that with my shed and turned it into a game room and the kids love it and don’t bug my wife working at home.
I love that idea!
Exactly what I was thinking or get an RV, or build an extra room onto the house. Shoot they could build a small guest house in the backyard if they wanted within a year of saving.
This is exactly what I was thinking. A she shed!
Yep. 10x10, some insulation, cheap paneling, two 15-20 amp circuits an AC unit and a space heater.
Perfect!
Dude just needs to come out and say it. His wife wants a bigger, fancier home. And she's using a lame excuse for a home office as justification for her desire.
Yes because even if they take out a small mortgage it will fit Daves guidelines of no more than 25% of their income on a 15 year fixed loan. Nothing wrong with upgrading homes when you make $175k. Nothing wrong going on here. Now if the wife said I want a $600k home you would have a point...
Yes, it's so lame to want a space to WORK.
@@abrahamflores2566 I agree but because they are mortgage free right now it means they can save for this goal so much sooner, rather than borrow and be set back by decades. They make enough money to pay for the upgrade with cash.
@@Lon1001 thats also true and up to one's preference. My point is that its not going to bankrupt them or put them in a bad situation . As for setting them back a decade, that's really up to how things work out in the future. If home prices continue to appreciate then they should buy now and get the comfortable office they need at home. They will save them more money long term if they attack the mortgage afterwards like they did before.
And she makes most of the money
A she-shed converted into an office space would probably fix the issue.
Very difficult to get labor for smallish projects like this.
@@carylhalfwassen8555 excuses excuses they can get help making 175k or better yet they can set it up themselves
Exactly
renting an office is a no brainer to me. A door is not gonna stop little kids from interrupting
That's a great idea!
He clearly can't say it - "The wife wants a fancier house". This isn't a financial question, it's a relationship question.
She doesn’t respect him. She might very well out earn him and he said it himself that he takes care of kids while she’s on the phone. If there’s not another man in this equation now there will be
Yup. Together for a decade and she makes more money than he does. She’s checking out and it will manifest and more and more ways
@@unelectedleader6494 The grass is always greener on the other side. Many women I have met are constantly looking for something better even when it only appears to be. These people are never satisfied and I find that it is better to avoid these people.
The ideal situation for a modern western woman is to be with a six figure earner or above, and then while he’s working hard for that spend the day with the local bad boy who by definition doesn’t work hard at all and is thus “available”. Best of both worlds. But if you’re a guy making five figures you provide neither of those benefits. You’re not the bad boy because you’re productive and you go to work but you also don’t earn enough
She might be “monkey branching” God forbid
I've heard of people converting a shed in the backyard into an office space...
Yep. Air conditioning and sound proofing!
Or a cloffice...
Yes, or get a small used camper or something.
I converted my walk-in closet to an office. Not perfect, but much cheaper than getting an entirely new home! :-)
Yep a tuff shed from home depot with insulation, electrical collections, and you will be OK.
This isn’t hard. They make 175k a year. Upgrade by saving for 3-6 months. What a waste of time.
Her mindset gives me vibes that they’re living paycheck to paycheck or coming close to it.
No they have 280k if they sell their house and a 175k income which is pretty high. They can definitely afford to move up in house
They just need to work with what they have and the wife needs to shut up.
Is 175k/yr a lot?
@@twincherry4958 It is plenty. Can they manage it, is the question.
I’m not buying another house for a nicer counter top. My wife tried that.
Lol
Hilarious
Shoulda suggested taking a heloc to redo the counter🤪
😂😂
Lol
This isn’t about needing an office. They just wanna upgrade their house.
Who can blame them. They make a ton
@@grod805 they make a ton of money yet can't afford to rent office space??? lol
@@ThatCho they can also afford a nicer place.... with kids id actually prefer having a decent working space at home.
@@ThatCho rent office space? What a waste of money, upgrading house would take a small mortgage and keep them below 30% loan to value. If they were first time homebuyers putting down 200k on a house Dave would have no issue...
I just think he doesn't want to admit it to Dave
Why can’t she set her office up in their bedroom?
That's a good idea. While he is at work all day, nobody will be in there but her. Since he makes a 6-figure income, he probably works 70+ hours a week. So she has that room to herself most of the time. Good way to get rid of the kiddos during those phone calls.
@@vickieclark5931 exactly my dad dose that
Or in her dressing room/ closet
He said he works shift work, which would mean he is often sleeping during the day.
They make enough money that they could upgrade their house just a bit to fit their needs and quickly pay off the mortgage.
They don't need a mortgage. Once out of debt, stay out of debt.
@@jimroscovius Exactly. Just because you have a higher income doesn't mean you go buy a higher priced house. You are letting lifestyle creep destroy your wealth that way. But the truth is the wife probably doesn't care about that and sadly isn't on the same page.
@@costco_pizza Right!! Once you are out of debt, the idea is to build wealth. You can't do that with debt. Our house was built in 1966, and we could buy a bigger, fancier one, but why? We have no debt, we remodeled our downstairs into a theater room and a bar, with cash. And we're investing. That's the life!!
@@costco_pizza thats a huge assumption and they are buying another appreciating asset, not a sports car. They also NEED the work space at home since that's the new world we live in. If they took out a mortgage it would be tiny to upgrade homes. The caller didn't say "my wife wants to buy a $600k home" which would be a different story. If they were first time homebuyers putting down $250k on a $400k home Dave would have no issue. Payments would tiny compared to their income and they would continue to gain appreciation on a bigger asset.
@@abrahamflores2566 Again, the danger is going back into debt for something you only "need" in the summer. That's just stupid.
Build an office shed or fix the garage and make it suitable to work from.
This is what happens when, Everyone Wanted that "Open" Concept in homes. Now, No Privacy at all, No Doors, No Separate Rooms.
You forgot, on suite master! And stainless steel appliances.
And summer doesn’t exist and kids definitely don’t get out of school until after 6pm
For real open floor plans are the worst. Hyper echoy and what are you gunna do with all that floor space and no walls? A bunch of cartwheels every dang day? You need walls to put furniture against install closets in and hang stuff on.
Yuck! I've never liked open floor plans.
Yes! Defined spaces are becoming popular again.
I’m sure the amount of us that took a deep breath when he said “175 a year” is astronomical 😆
I cursed at him when I heard that amount hahaha
175 a year, live frugally for a year then buy a nicer house with cash
Why would you ring in with this stupid call
A 5 year old could sort this
@@briandoran8260 i see you've never been married.
@@darylallen2485 lol so true.
Just get to the point dude. Your WIFE wants a fancy house.
Yup 😅💯
Yeah I always love when people blame their kids for buying a better house or car. It's always the kid's fault. LOL
The house is loud and distracting.... but the kids are in school all day....? So therefore we need a new fancier house.
You don't go into debt because of a couple months the kids are out of school.
Kids don't go to school until kindergarten
@@tymom9313 Preschool. If she can't handle three years, then she shouldn't have had kids.
@@jimroscovius I agree. People should think of how loud kids can be BEFORE having them. I never had kids cause they would have driven me crazy. Anybody else with my personality would not make a good parent. LOL Unfortunately, those kinds of personalities have kids anyways. Nothing wrong with having kids, but you have to know what you are getting into.
@@tymom9313 and they aren't in school until 5PM.
If they have a basement they can use part of it as an office, or a walk in closet. She can find some where in the house to DIY an office space
Ken: she can't work in a coffee shop. Her job is in HR and has sensitive sometimes confidential phone calls that need privacy and quiet. Totally unprofessional.
Thank you for saying that. These guys dont know what they're talking about sometimes.
Amen. Dave Ramsey has turned really ill lately or is it just me? Not very compassionate.
It was merely a suggestion.
@@texan903 It was a good suggestion. Unsure what the problem is.
@@costco_pizza Good suggestion? The problem is the nature of the job is confidentially. How can the job be carried out in a public coffee shop? How would you feel about a banker discussing your bank account openly in public? The suggestions on this show sometimes only consider saving money and not the end results.
Having worked from my kitchen counter during the pandemic, I totally understand it is distracting/difficult to take calls especially sharing the WFH space with your partner in a cramped room. Not to mention how bad it is for your neck and back to be in an uncomfortable setup, hunched over your kitchen counter staring at a laptop all day. This guy needs to be understanding of his wife’s legitimate needs and prioritize saving for a house with an office space.
Saving definitely. An IKEA desk and proper chair will set you back $500 at most. She can be comfortable. She just wants a bigger house
@@gmarie3053 just because you go to ikea doesnt mean its "proper". My office chair (that our work paid for in the office) are $600 retail... Im currently using a gaming chair with back suppourt (they are around $250) and its does not compare at all to my old office chair. (and thats cheap for an office chair, they can be thousands...).
@@jadiecakes3241 they have a household income of 175k a year that’s 3365 a week. She can afford a REALLY nice chair and desk. What this call is about is the came up 120k off their original purchase and she wants a new shiny house that actually costs 280k. And your comment is just literally supporting that narrative. Who buys a house cause they’re uncomfortable working from a table? Buy a desk chair and baby gate to keep the kids away problem solved.
Boundaries with your kids first of all . Second , remodel a basement, an attic , a bedroom , or your own room with a nice desk . You don’t spend hundreds of thousands for an office .
Boundaries is a great point.
Put a shed in the backyard, insulate it and put an A/C unit and heater in it and she has an entire area to get things done, no house noises, and the kids have to go out of their way to bother her.
Depending on how old they are they have none.
You are upgrading an asset that should continue to appreciate, its not like they are buying a depreciating asset. If they sell their house they would need a 60-100k mortgage for a new house. Boo hoo. Even if we have a 2008 they will have tons of equity and live comfortable
@@abrahamflores2566 they are debt free , that 100k invested is going to make them more money . And if you can truly afford it then save it up to move up.
You can do what you want of course , but when I’m done with this mortgage there’s no way I’m taking on another one.
Three years ago I was up to my ears in debt.
Then I found Dave.
Now I have $31k in the bank and
My home paid cash. No debt.
Life is good.
Keep up with the Jones’s sux
Consider re-modeling/re-configure the current house?
160k back then they are probably in a gehtto neighborhood
I bought my house in '07 for $166k. I do not live in the ghetto. I live in a suburb community with highly sought after schools. It's a twin, so not a large house, but nowhere near a ghetto.
Make the kids share a bedroom. Instant office!
@@johndone8045 no house costing 280k in the ghetto. You sound dumb
Not sure I really like Dave's advice here. He never even asked how much they want to move up in house. If it's only $30K and they can pay that off in less than a year, I might be on the wife's side here. Once again, Dave's aversion to ANY kind of debt is clouding his judgement.
No, he just doesn't want them to go backwards. Once your out of debt, why in the world would you want to go back into it. It's just a bad habit to justify going back. Then they will just keep doing it for any little thing. He just wants them to take a stance and not fall victim into their emotions, which is what this whole thing is being based off of. If it's only 30k, that would be easy for them with their income to pay. That's just a few months of savings for them.
They're called cloffices..& don't knock em till ya Pinterest em!
😂
LOL. Some people do have a huge closet that they can use. At least use them for phone calls so the kids aren't bothering you while your on the phone.
Just once, I'd like to hear Dave jokingly say: "sell the wife"
Lolll😂😂😂
My office is in a corner of my bedroom and I’m fine with it.
If a caller said: "We have no home, $280K in savings, make $175K per year and are looking to purchase a house worth around $350k" Dave Ramsey would congratulate them and tell them to go for it on a 15 yr fixed. I don't see how this is any different.
No house versus already having a house - big difference.
She is a professional and contributing $$ to the family unit and you want her to operate from the kitchen table? I agree about creating a work environment that is healthy and productive.
Rent an office.
@Jarod Armstrong He said at the start that this would be permanent. WFH will be a MUCH bigger thing in the future.
This is a good time to sell a good house but a bad time to buy a good house. Pick your poison.
Exactly
I agree. I've thought about selling my house cause I will get a pretty good chunk of change from it. But then the question is, where do I live?? LOL All the extra I make off of the house won't make up for extra I have to pay for another house cause they have all went up in price.
Just spit it out the wife wants a bigger nicer home. No reason you can't find a similar priced home that works for you.
I mean are you trying to save your money or blow it all?
They need to be resourceful with what they have and make it work.
So...instead of buying a whole new house maybe do some renovations to the current one? Add on an office towards the back of the house or convert the garage into an office space...that's what my Mom and Dad did years ago when my Mom started her business at home...
Honestly rent a office why would u go into debt for something that’s temporary?
Because its a home, not a sports car they are buying. They make $175k a year. If they were first time homebuyers they fit all of Daves mortgage requirements easily!
He said that working from home is now going to now be permanent
I agree... why rent an office if you can go into debt temporarily and OWN a bigger nicer place in few years rather then throw your money on a 400/500$ rental every month
@@Curiousitydrive 3k cash on a shed. problem fixed
@Lady Wharton so by that logic first time homebuyers shouldn't buy a house until they can pay cash?
I also want to update to a newer house. Then I look at what is left on the current mortgage, then I look at what we would want and then decide nah im good
Once I pay off my home I’m going to part time till if had enough.
@@carlostosado8965 me as well 40 hours a week. Work 70 now🤣
@@rollingacresfarmstead206 ouch, hope your single?
Being from Springfield, MO - I loved when Dave said that price is a nice house cause it's true lol
So he said that she can’t work because of the kids but he says we pay for private school ??? How are they home and attending school during the day.
It’s summer bro
Wife needs to set boundaries with the kids by telling them to stay out of the kitchen and designate times for them to come in for lunch or snacks.
@@texan903 do you have children?
@@RonJohn63 do you?
@@texan903 yes, I do. They are in their twenties (daughter graduating college in August, and son a USAF Senior Airman after less than three years); and I work from home.
Build one on the Existing home or build a log cabin in the garden.
^^^This.
Don't pay for a mortgage... but go pay for an office which will never be yours. Terrible advice. They make enough to roll their current home into a better bigger house and still have minimal/ insignificant about of debt.
Time for people to go back to the office.
Why is it so bad to want a new home with an office space? As long as you don’t go into debt and pay cash for the house, why not? Sounds like they have the money and I don’t think it’s a lame excuse to want a home office.
Oh my , this was the video I needed. Thank you..back on track!
Get her a she shed for the backyard. She gets her own office space and you guys don’t have to move. Win win.
Sheesh, these comments. Working from home, at the kitchen table, with kids is hard. And housing prices are crazy. Not unreasonable to want a different house
I’m in the same situation. I decided to get a “she-shed” for $2,400 and it’s decked out... 😂 simple fix plus if my situation changes and I don’t need a home office anymore I can use it for other things or sell it... some people just don’t think...
I love how there’s always something to learn from watching these videos
We've been working from home for over a year. My wife's desk is in a part of our L-shaped rec room. I just don't use the room when she's working. You make it work. You don't go into debt just for that.
If the office would be rented for $500 for a decade, what is the problem putting that 500 into the house instead? It would most likely be returned in home price appreciation.
Yeah renting is a terrible idea. It's just a flease for a Mortgage.
Since no one said it yet
Dave: Sell the wife
😂🤣 Can you deduct the depreciation from "princess syndrome" on your taxes?
Ding ding ding ding.
When you appreciate what you have then you can get out of debt. Pick a room that you can shut the door and be happy that you are home in your PJ’s
Build a mini office shed.
It's a choice: Stay out of debt or go for a financier house. End of story.
Or save and pay cash.
@@Lon1001 With their income, saving to pay cash is very possible option. That's the option I would probably pick.
Hey neighbor, fellow Springfield Missourian here! Going from working in a professional office to working from home can take a toll on you mentally. I enjoyed working in the office & having a different social group outside of the home. I think she almost needs a refreshed workspace. I was feeling the struggle of newly working from home, and was working from the kitchen table as well. I went to Home Depot and bought a work bench on wheels and parked it in the sunniest corner of our living room. When we have company come over I roll my desk into the back bedroom. With her working from home on that income, you could possibly save as much as your can for the time being, then build when prices go down so she can get the layout she wants. We built in the Willard area, best decision we made. Yes we have a mortgage, but we enjoy our space and the peaceful scenery of our property. There are a lot of great towns around Springfield within a 20-30 minute drive. Also there are several excellent programs the kids could go to during the summer. Just a thought, good luck to you all! 😊.
A paid for home?!? She’s unbelievable 🤯
It was a 150k home when they bought it that’s not that big of a house. They have 280k if they sell this house and a 175k income which is a lot. They can definitely and should if they want to move up in house
It's not her it's him.
I turned my sun room into an office and my house is small so if I can find room they can too. I’m sure they have an extra bedroom or walk-in closet or even a large room that’s not used that often they can put temporary wall barriers up to create an office. Do they have a space in the back yard they can put up a little shed and add heat and a/c to? Those portable fire places work really well.
I totally agree! I don't know why you guys could not see. Just rent an office space that's such an easy solve. I would never go back and get another mortgage to stay in your house and this is the way to make it work.
I hate people who are so blessed to make 175k a year but don’t know how to manage their money smh it’s almost like they are just flexing
Get a small insulated shed and run power to it. Then add a small electric heater that also has AC
I work from home in my bedroom. My friend gave me a desk and I make it work. And I live in a 2 bedroom apartment.
Do you have noisy kids?
He can turn a shed into an office space in the back yard
In uncertain times, you try to be out of debt than to go into bigger loans.
I love you Ramsey!! Bravo!!
Part of the problem is that they are using mom as a child care provider during work hours. Just because she's working from home doesn't mean she can also look after the kids because... SHE'S WORKING!
I see a problem here that I wont mention.
$175K/year and debt free. Build an office.
Why not just save up and pay the additional amount for a bigger house in cash if you want to stay out of debt?
I was thinking that to. Just save the amount you where paying in mortgage payments every mouth into a sinking fund & once it's big enough upgrade. Nothing beats upgrading with a 0% interest rate.
Very poorly handled call. They should've immediately asked about income. They act like he's broke. Renting an office is the dumbest thing I've ever heard
Just set up a small desk in the bedroom.
Agree with the shed option. you can get some lovely 'garden rooms' for a few thousand. Kit it out with electric and furniture. That way you have a separate quiet space and can watch the kids if they play in the garden.
Hey a nice 10 or 12 for square shed, finish the inside, add electric and a hard wire connection, or good wireless access point. Put in a heat exchange for AC and heat, and boom, she has a private office.
Anyone else feel like just because you are listening to Dave, you are getting richer?
They make 175k per year. Sale the house and put an additional 30-50k on a new house instead of wasting money on renting office space
I'd probably end up building an office on the property and hire a nanny for the time when the kids are home without proper supervision
Desk in the bedroom??? Office space in the garage? Buy a shed plop a heater/ac box and put it in the back yard??
I don't live in the US and I'm definitely not familiar with Springfield, MO.
But a quick search on Zillow with 300k as the maximum lists over 80 houses, some of them around 2000-2500 sq ft.
Surely one of them has to fit their needs?
Sounds like the wife is a little particular and wants a fancier home, just a feeling I got from the call.
Shed, garage, basement. Think outside the box.
Dave ... straight talk no chaser!
Wife: I want a larger house
Ken: here’s a closet
For 500-1000 just buy a she-shed for the backyard
I feel like they could do a lot of things to make the house they got work. Maybe make a space in the basement, a shed outside, a corner of a bedroom, etc.
ALSO, what makes her think a bigger house is going to change the dynamic of kids bothering you while you're working from home? Lol.
Did he say that the callers wife, an HR consultant, can work out of starbucks. Wow. Either convert some room in their house into an office, like the garage, rent N office or get a new house. There should be a house somewhere at a similar price where she can have an office. If they want a more expensive house, they could save the money to expand their budget.
Throw a couple of walls up and make an office
@The Ramsey Shôw - Hîghlights why would I want her info?
@The Ramsey Shôw - Hîghlights g-o-f-u-c-k-y-o-u-r-s-e-l-f
We bought a 4BR house, and one BR was "half width", essentially it was a big closet with a window, and *perfect* as my office.
I work from home and have a desk in my bedroom where I can close the door for quiet phone time. Rearrange a room to put a small desk behind a door. Problem solved.
All this criticism about her not needing work space. Yes she bloody well does. You can’t work with children in the same area. Impossible. But idk why they can’t rearrange their bedroom or something
Can they not add on their existing house? Add a 10x10 room... they EASILY make the money to do that.
@@saulgoodman2018 it can take months to move... find a contractor who is expensive but can make it happen quickly then.. always options then selling the entire home and uprooting life lol.
Buy her a she shed 😑
😂😂!!
170k with no mortgage save up to pay the difference with cash, build an addition, build a shed/garage and work out of that.
She wants a bigger house and most likely is making the bulk of the money.
So, the decision is in turn gonna go her way if she wants the bigger home. And she doesn't care going back into debt doing it.
I'm not a relationship expert, but from what I've heard Dave and others talk about, there is no "bulk of the money". Their income is shared between the two of them, it's not like the one making more money gets a bigger say.
I think I’ve been shadow banned, comments not appearing or getting replies plz respond
If is paid off my mortgage, no way would I take out another one.
They make $175K/yr, are debt free, and can't afford a bigger house? What have they been doing with their money??? Does private school really cost that much??? Dave missed a big one here.
The answer to this question is simple; why did he have to call DR?
My dad works from home at the kitchen table all the time, give me a break 🙄
reminds me of a story of an opera singer whose side hustle was voice acting. She was recording a children's book in the closet when she accidentally got locked in.
My wife run me and I’m not putting my foot down my house 🏡 to small boo hoo 😢 🤣🤣
Many offices are turning into hot desking or co-working spaces. Plenty of alternatives without putting that financial burden on the entire family! If she cant put monetary value for the upgrade, forget it!
People saying work in a shed or garage are ridiculous. They should just get a small mortgage for the difference in price for the bigger house.
Never again........
Put a tuf shed in the back yard and stick a ac in it.
Could also train the kids a bit better...
Kids aren’t dogs
@@breel4769 doesn't matter, they still need to be taught and trained.
The children are at school all day long so how is that an issue? Tell her employer to pay for a rental office.
I have some relatives in this situation................... believe me, they should be happy they have got a decent house right now, in these times.
I don't understand why if you pay for private school then they are in school most of the work day. Only 2-3 hours they are home.
They are using that as an excuse to get a bigger fancier house.
People use kids for every excuse for everything in life.
Private school isn't year round so there's that. Their private school may also still be operating online.
What's the problem to have another house? It is not that they will start from nothing. They have $280k may be some savings. More expensive house does not mean it is double in price. $330k may be. With that household income they can beat $50k difference in no time.