I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Exactly my solution too, even though I'm not retired. As a contractor with limited time to analyze investments, I've relied on a fiduciary for the past seven years to manage my portfolio. This strategy has helped me navigate market fluctuations effectively and also increased my porfolio by up to 300%. You might consider a similar approach.
*Izella Annette Anderson* 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.
Whoever is running this account seriously need to do something about these bot comments. They're using the profile of Dave as a platform to scam people.
They do that on every single financial related video/channel…pretty sure all you can do it manually delete them…but hopefully people aren’t dumb enough to fall for it.
if people werent falling for it, they wouldnt invest so much time and money talking to themselves on every video posted.. clearly its worth it. i hate scammers
Dear Mr Ramsey Coming from the UK here. I just paid my final credit card off a few minutes ago and it feels amazing. I do hold a final loan here for 20,000 GBP, but you are right with all your words and wisdom. You are a slave when in debt and it feels like the shackles are dropping off me. Many thanks for all the motivational videos and lifestyle ideas you have shared. I am starting to get my life back from the black pits of slavery and misery! Thank you so much and god bless you!!!
I just went from 55k to 85k income this year and am so happy. Definitely want to eventually create more streams of income than one. I have 5k left in debt from 60k. This is starting to feel real.
We were living paycheck to paycheck and making $100k. We were cash flowing my wife's nursing degree, kicking out 3k-4k a month. Took on a little debt during that but not much. Now that She graduated with her Nurse Practitioner we are doing great! Our income is WAY up. I'm so glad we sacrificed hard for a few years. Completely debt free in a couple months.
Never forget the importance of retirement. It feels like a black hole right now, but when you hit 50 and all of your colleagues are sweating and freaking out, you'll be doing the math on how many (very little) more years you'll have left before you can call it quits.
I work in Healthcare too and make $100K. I was also a single mom because my son's father was a philanderer. I had to leave that situation. Thank goodness I do not have $100k in debt. I bought my son a car, but it was only a $2700 Mazda 3. No payments. If he wants a nicer car, he will have to buy it himself.
@@sanshinobi3664oooor, just maybe, the dad walked out for reasons not specified on this call? That can be a possibility too, but who knows really. She did not give the audience anyyyy detail on why she became a single mother. So no one including myself can really come up with a definitive reason as to why. Correct?
I’ve listened to other finance experts lately and have heard them say that Dave Ramsey’s plan isn’t far fetched. His plan has helped me pay off 2 houses, invest my retirement and live debt free and I’m a single mom, age 53 making close to 6 figures …there you go.
The first step to attaining wealth is figuring out your goaIs and plans - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financial growth over the years and enjoy the benefits of managing your finance.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire nxt yr.
Great, I lost over $48k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $90k profits weekly.Thanks so much *Norman Vitalii*
Why not ask the daughter to pick up part of her student loan payments? Could be maybe 25% or 30% of the payments. It will teach her to be responsible for her own future, and not expect Mom to pick up the entire tab!
Sounded like daughter had her own student loans that she was paying (and waiting for them to be forgiven). Mom took out an additional parent plus loan for the same college.
@@MaxGrey03 Oh, thanks for the clarification! I am from Germany and we do not know the concept of student loans, as most of the cost is paid for by taxpayers. I think the U.S. system is basically a scam. You pay an enormous amount of money (and then create laws that does not allow to discharge the loan in a bankruptcy filing), sometimes for decades (with often the loan getting larger, if you only pay the minimum, keeping you an eternal debt slave), up into retirement. And, in many cases, you get a "junk" degree for all that money, that does not get you a job to pay off said loans. You are better off to learn a trade!
So the son has to take on his “gift” but the daughter who went to a bougie school doesn’t have to do anything?? This is ridiculous. And shame on the daughter for not offering to help. Her degree clearly isn’t paying off otherwise mom would have mentioned she got a stellar job out of it. What a joke.
Norman Vitalii turned my small investments into a solid financial base. I’ve expanded my gym and added new classes. Fun fact: I’m now training for a triathlon!
Let me introduce something new and revolutionary, WORK YOUR WAY THROUGH SCHOOL. Don’t get student loans. Let your kids be responsible for their own expenses.
Thanks to Norman Vitalii, my restaurant’s profits have surged. I’ve even opened a second location in a neighboring city. I now offer gourmet cooking classes!
No where apart from US would you see - “Mom, you took my education loan, so you gotta pay it; For now, while I make good money, I am going to live my life and as we know it is a party”
@@miketheyunggod2534it was objectively stupid. If the daughter got into NYU she probably got into a cheaper state school that’s not 80k+. The mom got played by her daughter.
Yea, she said she gave him a car as a graduation present. Can you imagine getting a car as a gift and then a couple years later the person says, "Just kidding, either you pay for it yourself or it's gone." That stinks, even if she decides it's necessary. Better not to give such a gift. It's really a broken promise. Like, you think you are in your first job with a car your parent paid for, and then surprise, you should have been saving for one all along, because it's gone.
@@ClaxtonBay123 Imagine thinking you had a secure form of transportation and then you wake up the next day to find out you are either $12k in debt with interest or you don't have your car anymore?
I just discovered your channel through this video. Case studies are extremely beneficial and I hope to see more in the future! Creating wealth includes developing habits, such as setting aside money on a regular basis for smart investments.
Yes, I do currently practice modest living and prudent money management. My investments have increased by 43% over the past 19 months. But I'm nervous because I've lost money in the last month. I can't decide if I should sell everything now or wait.
Yes true, I learnt that in 2023, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
Her son could easily get a fast food or restaurant job. He's young enough that it won't impact whatever his career is and it's normal for people his age to do that kind of work.
I think it's worse that she is footing the bill for her daughter's college debt! Her daughter went to NYC so I can't imagine how much debt she must be in for that!
I know Dave wants it gone in 2 years but I think 4 years would be the wiser choice so she has to sacrifice but it's not to the point where she may get frustrated and quit
She gave her youngest son a graduation gift of a car and Dave told her to take it back. I'm sure the loan and the title are in her name so she can, but is she really in such dire straights that it's worth risking the relationship fallout/family drama? And why wouldn't she also ask the daughter to pay back the college loans?
Well, the daughter didn't take out the loans. Her idiot mother did. And buying her son a car that has payments on it IMHO is a bad gift. She could have gotten him a much cheaper car if she wanted that was totally paid off.
@@carolr7823 I agree, but... on other calls, Dave has ask if people made a verbal agreement that would cause them to be morally obligated, even if they're not legally obligated. She said it was a graduation gift, but Dave's saying she's not morally obligated to it. I find that somewhat convenient.
Yes. Dave is ignoring the potential fallout between son and mother since this car was gifted to him. Unless he is a really understanding and forgiving son, this could cause problems.
@@BrianW211 without going into a lot of details it's hard to say if she can really do that. If the guy is acting the fool and wasting his money on frivolity, debauchery or booze when he has no income, then, yeah she has a DUTY to take the car back. She IS the legal owner. But if he's out looking for work or using the car to drive uber eats or something while he gets his feet under him, i think it would probably wrong to take his car. She made it sounds more like the former though
She took the car loan same as she took the college loans, if she isn't going to ask her daughter to pay those, she shouldn't ask her son to take the car payment. Also, credit cards do not seem like her slippery slope. They are 4% of her debt, and 4% of her debt to income ratio. They are not the biggest problem she has by far.
Besides the car and loan which they should discuss with the kids and like Dave take on it than just dump the car….. I think sometimes there is lack of understanding of the callers. Like she live in NY she isn’t balling and she raised 6 kids. There isn’t always a one size fits all to all the callers
Respect to this hard working mom. Only think I feel not fair is to have 6 kids and make one kid to pay off the car but pay off 84k for other kid. I feel that the kid with student loan should at least pay half of monthly payment.
Nice video. I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work church. God bless America. Thanks to Sonia Duke
Anyone who has read my comments on Ramsey videos knows I'm as hard on people as they come. But at the same time, I give credit where credit is due. Having 6 kids is 5 too many for me, but considering she has 6 kids and is a single mom, I think she has done very well for herself and her family. And I didn't hear her complaining, just asking advice. Thumbs up for that also.
The incompetence and corruption that runs through this administration are getting more ridiculous. I feel for people with disabilities not getting the help they deserve. Thank you Leah Foster Alderman, imagine investing $1.5k and receiving $6.5k in 4 days.
Sounds like this "super mom" failed to raise her kids into responsible adults. She did everything for them and now they're entitled and have no sense of conscientiousness. If they want something they know they'll get it because mommy will just have to work harder for it.
she did well for a single mother. i think it's not too bad of a situation. and she's about to make even more income. she's in healthcare so i guess her pension and other retirement stuff must be funded already.
@@silentnot4812 !.job satisfaction ie. do you think Dave needs the money and; 2. her income will go up 3k month. Soon as 21 dude gets it together - mom s going to be balling.
Dave spent half the call shaming the son for receiving a gift that his mother happened to pay for with a loan. Then he says the son has to come up with some money to get the loan paid off when the car was his mother's gift. He needs to pay for his mother to take back her gift? It's her loan. She should pay it off. That's fine if it means selling the car but why would the son have to pay for that?
He was paying it. She started helping him when he lost her job. Sometimes you have to be a parent and set expectations and boundaries. It's fine to help your kids out of a tough situation. Bit at 21 if you cannot handle your own stuff... the problem is you.
If she is a nurse, she can take some floor shifts on weekends at another facility or hospital. If they desperate enough her own place may agree to give money on top to fill some shifts. If she's a nurse anyway .
Try tuna melts! Mix canned tuna with some chees and eggs, znd bake or airfry! It is healrhy carnivore/keto meal. You will be full and can keep working on your dept😂
Stop bailing out your deadbeat kids!! I was laid off four times, always got another job, and never went to mommy for help. My kids are on their own, working, paying their own way, and my son even paid cash for his car.
l know one thing for sure, starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works.
Agreed! Getting a head start on building wealth is crucial, and having a solid strategy is key, personally I think having a coach is the smartest move in today's stock market.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my 300k stock portfolio
There are strategies that can yield solid gains in any economic situation, typically implemented by a portfolio strategist with a lot of experience. My friend introduced me to a financial advisor in 2022 and even though I was skeptical, I went on. I finally was making enough monthly dividend to quit my soulless job and pursue my dream
Most folks downplay te role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve not with ...
Talking about advisors, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
Thank you! Your videos provide daily solace as I watch them during market highs and lows. Handling the prevailing market unpredictability is undoubtedly tough! With substantial selling forces in play, expecting more instability prior to a possible downfall is a tangible concern. The examination into the historical data for October and the meticulous scrutiny of particular market levels prove to be priceless. Paying attention to these factors can drastically alter the course for making knowledgea
IMO it's selfish of kids to let their parents take on debt for them. At 20 you have the rest of your life to get your shit under control but your parents are heading towards retirement and debt will destroy their ability to build a good retirement fund
Being upset is weird. According to lending tree it takes $21000 a year to raise a kid, she raised 6. Looking down on people who aren’t doing as well as you is stupid.
@@reese85 exactly! Geography is another factor. 60K would not be a liveable wage in the city where I live, even for a single person. Starter home prices start at 800-850K. Good luck making 60K and saving 30%.
Disagree that the mom go heavy on taking away the car when the College loan is HUGE! So, get the daughter in gear and the mom can handle the small car loan.
Nobody needs you to feel sorry for them. It's their personal story and they call Dave for help on their personal story. Doesn't have anything to do with you. Focus on your story
@@reese85 and some of y’all undervalue that kind of income. 100k is a REAL income, anywhere in the country. If you’re paycheck to paycheck on 100k, that’s a big problem.
I wish they would ask what are your expenses right now as well as the debt total. It would be nice to know where she can cut to come up with 4k a month.
@reese85 Yep usually dave approximate 4k for two years is 96k. Odds are she has some wiggle room. Especially if the daughter helps with her college loans.
momma got baby on teet still and doesnt seem to want to let it go.... perhaps tell your son go into the coast guard, merchant marines, military, etc.... there ARE options out there..... but kudos to momma for her hardwork and not playing woowies me....
HONESTLY.. Ramsey will not agree w/ me because he doesn’t like to acknowledge systemic realities, but $100K is no longer much money if you have kids/family… PARTICULARLY 6! She is not irresponsible
No. Daves advice is to be an adult and a PARENT. She is his mom. She's not renigging anything. She's being an adult and fessing up to her mistake. And fixing the situation with her sons help. If he kicks his but into gear and can make the payments. He can keep the car. But right now she is for him. He was making the payments until he lost his job.
Selling a gift is very selfish. He probably didn’t ask to have a car payment and now you’re forcing somebody to *not have a mode of transportation. She needs to find a side hustle or income on the side before screwing someone over like that
Yea it’s the worst thing to do. Either pay off the car or trade the car in for another and give it to him. Either way it should be a blessing and not a curse
He's 21 and shouldn't need mommy's help. On top of that, she has the loan, not him. She's been working 30 years and the kids should be stepping up. Even the other 4 that weren't mentioned. It sounds like everything has been survival because dad left.
I am glad i didn't even know about parent plus until after I graduate college the first time. That's called a genrational poverty bundle deal.People really think they got forever to live. You don't have forever to make money. Nobody is trying to work with their grandchildren.
Those kids didn't ask to be born, also she decided to gift the son a car loan and is going to take it back, wow great job genius. Why even give it in the first place? Maybe she needs to learn to say no more often
Jesus, some people. The father of the kids could literally have died or left her for the secretary. She sounds like she has her own life together and is just trying to put her kids through college.
🗽I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio. Thanks so much *Noman vitalii*
6 kids? Where are the father(s)? It would help if the father(s) contributed $200 per kid each month ($1200 per month). Despicable if men shirk their duties. Total losers.
Mother's love but you need to give them tough love otherwise they'll learn to be irresponsible and immature in their adult life. Spoon-feeding doesn't go down well.
![[4K] Watch SpaceX Catch A Starship Rocket From Space!!! #IFT5](http://i.ytimg.com/vi/pIKI7y3DTXk/mqdefault.jpg)
I began my investment journey at the age of 38, primarily through hard work and dedication. Now at the age of 42, I am thrilled to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
Exactly my solution too, even though I'm not retired. As a contractor with limited time to analyze investments, I've relied on a fiduciary for the past seven years to manage my portfolio. This strategy has helped me navigate market fluctuations effectively and also increased my porfolio by up to 300%. You might consider a similar approach.
@@ThomasChai05Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.
*Izella Annette Anderson* 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.
Thank you for this. I'll send her an email to reach her, and I hope I'm able to reach her.
Whoever is running this account seriously need to do something about these bot comments. They're using the profile of Dave as a platform to scam people.
They do that on every single financial related video/channel…pretty sure all you can do it manually delete them…but hopefully people aren’t dumb enough to fall for it.
if people werent falling for it, they wouldnt invest so much time and money talking to themselves on every video posted.. clearly its worth it. i hate scammers
Report the comments, mass reporting gets the accounts banned.
Dear Mr Ramsey
Coming from the UK here. I just paid my final credit card off a few minutes ago and it feels amazing. I do hold a final loan here for 20,000 GBP, but you are right with all your words and wisdom. You are a slave when in debt and it feels like the shackles are dropping off me. Many thanks for all the motivational videos and lifestyle ideas you have shared. I am starting to get my life back from the black pits of slavery and misery!
Thank you so much and god bless you!!!
Excellent work
I'm a little late but congratulations, you're doing great
I just went from 55k to 85k income this year and am so happy. Definitely want to eventually create more streams of income than one. I have 5k left in debt from 60k. This is starting to feel real.
Yes! Multiple income streams are the way to go, including during retirement.
This lady is a hero! Her kids need to chip in!
A hero? For what? Being financially irresponsible?
We were living paycheck to paycheck and making $100k. We were cash flowing my wife's nursing degree, kicking out 3k-4k a month.
Took on a little debt during that but not much.
Now that She graduated with her Nurse Practitioner we are doing great! Our income is WAY up.
I'm so glad we sacrificed hard for a few years. Completely debt free in a couple months.
I did eventually get a large raise but it took a long time
Anyone here who has never had kids has very little idea how incredible this woman really is
I was just thinking that! She is awesome
I make 100k, I live paycheck to paycheck too, max out HSA, Roth IRA, and Roth 457b dang, financial freedom is getting EXPENSIVE…
LOL! Feels like you're living paycheck-to-paycheck, but you're not, and you'll feel the real difference when you get to retirement.
It’s it just you, you’re taking care of?
Never forget the importance of retirement. It feels like a black hole right now, but when you hit 50 and all of your colleagues are sweating and freaking out, you'll be doing the math on how many (very little) more years you'll have left before you can call it quits.
You need to stop investing and spend more on video games and partying.
@@LouThaEnergy
I preordered College Football 25 😂😂😂
"you bought him a car payment" 🤣🤣
Truer words have never been spoken....
😂😂😂😂
Yeah, what's up with that? If you're going to buy him a car, buy him a used car that runs for cash, don't saddle him with a car loan.
@@mplslawnguy3389she’s paying it currently. But I disagree with mom giving car debt to her son as she said this was a graduation gift.
😂😂😂😂
I work in Healthcare too and make $100K. I was also a single mom because my son's father was a philanderer. I had to leave that situation. Thank goodness I do not have $100k in debt. I bought my son a car, but it was only a $2700 Mazda 3. No payments. If he wants a nicer car, he will have to buy it himself.
6 Kids single mom. Wow!!! What a Hero. Those kids better not be ungrateful 😡. WELL DONE MOM. THE REAL MVP💯
Yes well done!
Not to rain on any parades, but unless you're the next Angelina Jolie, there are some poor romantic choices that were made.
You are great keep going debt free is coming for you!!!!❤❤❤
I bet the father is paying her 10k in alimony every month and 5k in child support every month
@@sanshinobi3664oooor, just maybe, the dad walked out for reasons not specified on this call? That can be a possibility too, but who knows really. She did not give the audience anyyyy detail on why she became a single mother. So no one including myself can really come up with a definitive reason as to why. Correct?
Dave has a heart for single mothers and it’s sweet ❤
but not for single dads
@@corey407wocthat part ! He needs to give the same praise to father’s too
She really is a warrior princess. Good job, ma’am.
I’ve listened to other finance experts lately and have heard them say that Dave Ramsey’s plan isn’t far fetched. His plan has helped me pay off 2 houses, invest my retirement and live debt free and I’m a single mom, age 53 making close to 6 figures …there you go.
Dave is amazing. How to get wealth. “Do this.’’
The first step to attaining wealth is figuring out your goaIs and plans - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financial growth over the years and enjoy the benefits of managing your finance.
I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire nxt yr.
Whosoever tries this sureIy acquires wealth. Get to her.
Elizabeth Green Hunts
Great info..
I love how supportive he was of her. Direct but supportive
Great, I lost over $48k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $90k profits weekly.Thanks so much *Norman Vitalii*
Bot comment spotted
BOT SEX SPOTTED!
Be sure to report these scam comments, they’re on every video.
@@taylor.g.deloye doesn't do anything
Reported
Why not ask the daughter to pick up part of her student loan payments? Could be maybe 25% or 30% of the payments. It will teach her to be responsible for her own future, and not expect Mom to pick up the entire tab!
Sounded like daughter had her own student loans that she was paying (and waiting for them to be forgiven). Mom took out an additional parent plus loan for the same college.
@@MaxGrey03 Oh, thanks for the clarification! I am from Germany and we do not know the concept of student loans, as most of the cost is paid for by taxpayers.
I think the U.S. system is basically a scam. You pay an enormous amount of money (and then create laws that does not allow to discharge the loan in a bankruptcy filing), sometimes for decades (with often the loan getting larger, if you only pay the minimum, keeping you an eternal debt slave), up into retirement.
And, in many cases, you get a "junk" degree for all that money, that does not get you a job to pay off said loans. You are better off to learn a trade!
At least pay the interest every month. That would help a ton.
The mom is responsible for it. It is in her name.
@@adamsartjourneymy interest is half of my monthly payments.. lol fk me
So the son has to take on his “gift” but the daughter who went to a bougie school doesn’t have to do anything?? This is ridiculous. And shame on the daughter for not offering to help. Her degree clearly isn’t paying off otherwise mom would have mentioned she got a stellar job out of it. What a joke.
kids should never have to pay for the parents' mistake. Shame on the mom for not saying "no" when she could have but chose not to
@@RCGuitar982that’s such a stupid pov
The daughter is not responsible for her parents' financial stupidity.
@@Coryraisaso why is her son responsible for it
@@JasonGroom
The son is not responsible for the parents' dumbness either.
Norman Vitalii turned my small investments into a solid financial base. I’ve expanded my gym and added new classes. Fun fact: I’m now training for a triathlon!
Where is/are the farher(s)?
NYU is ridiculously $$$
Let me introduce something new and revolutionary, WORK YOUR WAY THROUGH SCHOOL. Don’t get student loans. Let your kids be responsible for their own expenses.
Thanks to Norman Vitalii, my restaurant’s profits have surged. I’ve even opened a second location in a neighboring city. I now offer gourmet cooking classes!
BBBOOOOOTTTTTSSS HAVING SEX!!!!!
This the whole country at this point. Shits expensive
No where apart from US would you see - “Mom, you took my education loan, so you gotta pay it; For now, while I make good money, I am going to live my life and as we know it is a party”
The kids need to start making their own way.
NYU and car payment for son was stupid
Says a RUclips commentator. 😂.
@@miketheyunggod2534it was objectively stupid. If the daughter got into NYU she probably got into a cheaper state school that’s not 80k+. The mom got played by her daughter.
Don’t you think she knows that now, Betty?
Parents buying expensive cars and then making the kids take the payment on is criminal. Happy i never took a handout from my parents
She's paid all but 12k. What could he have bought himself? Usually the parent picks a better car and gets a better deal.
MAKE? They don't need to take the payment. She can just sell the car and they can buy their own car.
Yea, she said she gave him a car as a graduation present. Can you imagine getting a car as a gift and then a couple years later the person says, "Just kidding, either you pay for it yourself or it's gone." That stinks, even if she decides it's necessary. Better not to give such a gift. It's really a broken promise. Like, you think you are in your first job with a car your parent paid for, and then surprise, you should have been saving for one all along, because it's gone.
@@CM-sy3to 12k is a lot in loans. it turns out to be like 14 or 15 in debt after the interest. Imagine taking about that much debt overnight?
@@ClaxtonBay123 Imagine thinking you had a secure form of transportation and then you wake up the next day to find out you are either $12k in debt with interest or you don't have your car anymore?
I just discovered your channel through this video. Case studies are extremely beneficial and I hope to see more in the future! Creating wealth includes developing habits, such as setting aside money on a regular basis for smart investments.
Yes, I do currently practice modest living and prudent money management. My investments have increased by 43% over the past 19 months. But I'm nervous because I've lost money in the last month. I can't decide if I should sell everything now or wait.
It's important to speak with a financial counselor prior to making any decisions on investments.
Yes true, I learnt that in 2023, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.
I'm new to this space and i've been getting suggestions to use one for a while, how can i find a decent one like the one you use?
Leah Foster Alderman is the licensed advisor I use. Just search the name. You’d find necessary details on the web to set up an appointment
Her son could easily get a fast food or restaurant job. He's young enough that it won't impact whatever his career is and it's normal for people his age to do that kind of work.
6 kids and shes paying their car insurance, rent and student loans no wonder she broke.
They should get jobs
Only 1 of them is a loser it sounds like
When dave said "Boy Child" 🤣🤣 and "You got him a car payment" 🤣😂👍🏽 Thats a good way to look at it. Im saving this clip on my playlists.
I think it's worse that she is footing the bill for her daughter's college debt! Her daughter went to NYC so I can't imagine how much debt she must be in for that!
The 12k and 4k isn't hurting her....she can pay that off in less than a year....it's the 84k.
Yeah no lie!!!!
She can definitely do this!!
Getting rid of the credit cards and car payments will be HUGE. That alone will free up hundreds of dollars.
There's no forgiveness for Parents Plus loans.
I know Dave wants it gone in 2 years but I think 4 years would be the wiser choice so she has to sacrifice but it's not to the point where she may get frustrated and quit
She gave her youngest son a graduation gift of a car and Dave told her to take it back. I'm sure the loan and the title are in her name so she can, but is she really in such dire straights that it's worth risking the relationship fallout/family drama? And why wouldn't she also ask the daughter to pay back the college loans?
Well, the daughter didn't take out the loans. Her idiot mother did. And buying her son a car that has payments on it IMHO is a bad gift. She could have gotten him a much cheaper car if she wanted that was totally paid off.
@@carolr7823 I agree, but... on other calls, Dave has ask if people made a verbal agreement that would cause them to be morally obligated, even if they're not legally obligated. She said it was a graduation gift, but Dave's saying she's not morally obligated to it. I find that somewhat convenient.
@@BrianW211 I think it's because she raised 6 kids on her own and really only had debt from the kids as adults.
Yes. Dave is ignoring the potential fallout between son and mother since this car was gifted to him. Unless he is a really understanding and forgiving son, this could cause problems.
@@BrianW211 without going into a lot of details it's hard to say if she can really do that. If the guy is acting the fool and wasting his money on frivolity, debauchery or booze when he has no income, then, yeah she has a DUTY to take the car back. She IS the legal owner. But if he's out looking for work or using the car to drive uber eats or something while he gets his feet under him, i think it would probably wrong to take his car. She made it sounds more like the former though
She took the car loan same as she took the college loans, if she isn't going to ask her daughter to pay those, she shouldn't ask her son to take the car payment. Also, credit cards do not seem like her slippery slope. They are 4% of her debt, and 4% of her debt to income ratio. They are not the biggest problem she has by far.
“Boy Child” and Rachel’s face 😂
Besides the car and loan which they should discuss with the kids and like Dave take on it than just dump the car….. I think sometimes there is lack of understanding of the callers. Like she live in NY she isn’t balling and she raised 6 kids. There isn’t always a one size fits all to all the callers
Respect to this hard working mom. Only think I feel not fair is to have 6 kids and make one kid to pay off the car but pay off 84k for other kid. I feel that the kid with student loan should at least pay half of monthly payment.
The higher the debt, the faster I click!!!
savage lol
Everything is going good!
She'll do it. The hardest part will be telling her kids no. But she can do it.
She makes $100k working in Healthcare but she’s still earning a bachelor’s degree? Is this her second degree?
#1 when you give a gift, you don’t get to take it back.
#2 there’s nothing heroic about deny your children a father. Children need a father.
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$100,000 was something in the 90's, but now its really not much at all.
Yeah, I'm just around there and still feel like I'm splurging when I buy name brand ketchup
Anyone who has read my comments on Ramsey videos knows I'm as hard on people as they come. But at the same time, I give credit where credit is due.
Having 6 kids is 5 too many for me, but considering she has 6 kids and is a single mom, I think she has done very well for herself and her family. And I didn't hear her complaining, just asking advice. Thumbs up for that also.
@@GAFB1122 I approve of this message lol
Agreed. She is amazing bt the fact they told her to give her debt back to the son was terrible. That’s a curse and not a gift
@GAFB1122 I approve of this message
little hint...write down your debt on a sheet of paper before you call. Why do people act clueless when Dave asks this. THATS WHY YOU CALLED
She was ready....
I'm financially stable and i eat tuna sammiches at work... because I like them! lol!
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Sounds like this "super mom" failed to raise her kids into responsible adults. She did everything for them and now they're entitled and have no sense of conscientiousness. If they want something they know they'll get it because mommy will just have to work harder for it.
she did well for a single mother. i think it's not too bad of a situation. and she's about to make even more income.
she's in healthcare so i guess her pension and other retirement stuff must be funded already.
@@silentnot4812 her (the mother) college is paid for by her employer.
yup - warrior princess. made daddy bear can take half of the daughter s student loan.
@@silentnot4812 !.job satisfaction ie. do you think Dave needs the money and; 2. her income will go up 3k month. Soon as 21 dude gets it together - mom s going to be balling.
Gotta stop overspending
But they “deserve it” 😂
How?
@@frankcb11buy needs, not wants
Dave spent half the call shaming the son for receiving a gift that his mother happened to pay for with a loan. Then he says the son has to come up with some money to get the loan paid off when the car was his mother's gift. He needs to pay for his mother to take back her gift?
It's her loan. She should pay it off. That's fine if it means selling the car but why would the son have to pay for that?
He was paying it. She started helping him when he lost her job. Sometimes you have to be a parent and set expectations and boundaries. It's fine to help your kids out of a tough situation. Bit at 21 if you cannot handle your own stuff... the problem is you.
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If she is a nurse, she can take some floor shifts on weekends at another facility or hospital. If they desperate enough her own place may agree to give money on top to fill some shifts. If she's a nurse anyway
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Friendly reminder to report scammer comments.
Tuna fish sandwiches, LOL!!!😂
Try tuna melts! Mix canned tuna with some chees and eggs, znd bake or airfry! It is healrhy carnivore/keto meal. You will be full and can keep working on your dept😂
Stop bailing out your deadbeat kids!! I was laid off four times, always got another job, and never went to mommy for help. My kids are on their own, working, paying their own way, and my son even paid cash for his car.
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“ i used to eat tuna when i was broke so when i smell it i smell broke “ i felt that 😅😂
Truer words were never spoken
We ate 25 cent Mac and cheese with hot dog or spaghetti with sauce made from tomato paste
She bought him the car as a gift. Why does he have to pay for it now?
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IMO it's selfish of kids to let their parents take on debt for them. At 20 you have the rest of your life to get your shit under control but your parents are heading towards retirement and debt will destroy their ability to build a good retirement fund
We didn't have parent loans. I wonder what year they started
Why can’t the daughter pay some if not all of her student loan payments?
We don’t know if she is
She said the daughter has some loans too but yeah it’s not cool to sink your parents into 80k but she was irresponsible enough to take out the loan.
It really upsets me seeing this. I make 65k in Chicago and I save over 1k a month.
It’s it just you, you’re taking care of?
Her only problem is the nyu tuition, not the cc, not the car
Being upset is weird. According to lending tree it takes $21000 a year to raise a kid, she raised 6. Looking down on people who aren’t doing as well as you is stupid.
How many kids are you raising?
Good for you. We make 110k and have five kids. It’s really freaking hard to save money.
I make 60,000.00 and save 30%. Its called being fiscally responsible.
@johnniwa308 besides your self, who else do you take care of?
People don't want to live frugally or have a reasonable number of children.
@@reese85 exactly! Geography is another factor. 60K would not be a liveable wage in the city where I live, even for a single person. Starter home prices start at 800-850K. Good luck making 60K and saving 30%.
Disagree that the mom go heavy on taking away the car when the College loan is HUGE! So, get the daughter in gear and the mom can handle the small car loan.
I dont feel sorry for people who make 6 figures and are paycheck to paycheck. At that point it is 100% a YOU problem not a money problem.
Nobody needs you to feel sorry for them. It's their personal story and they call Dave for help on their personal story. Doesn't have anything to do with you. Focus on your story
@TMPS93 y’all really be over valuing some of these incomes, especially if kids are involved
@@reese85 and some of y’all undervalue that kind of income. 100k is a REAL income, anywhere in the country. If you’re paycheck to paycheck on 100k, that’s a big problem.
@tonytoni1150 it’s really not, especially if you have to care for others on that money. That 100k number just sounds good but it ain’t what you think
People that say this don’t have the ambition or skills necessary to make 100K themselves. It’s purely projection.
I wish they would ask what are your expenses right now as well as the debt total. It would be nice to know where she can cut to come up with 4k a month.
@crystalstump8537 she can’t. They just be throwing out random numbers at times
@reese85
Yep usually dave approximate 4k for two years is 96k. Odds are she has some wiggle room. Especially if the daughter helps with her college loans.
@pdxmusl1510 she’s only making 100k to wiggle 4k out that to pay off just debt, is almost impossible
Is that 100k before or after taxes? I make 60k before taxes.
"You bought him a car payment."
That MF better not be ungrateful
What a warrior princess lol. Any woman that calls into the show is called this
“ boy child “ 😂
momma got baby on teet still and doesnt seem to want to let it go....
perhaps tell your son go into the coast guard, merchant marines, military, etc.... there ARE options out there.....
but kudos to momma for her hardwork and not playing woowies me....
HONESTLY.. Ramsey will not agree w/ me because he doesn’t like to acknowledge systemic realities, but $100K is no longer much money if you have kids/family… PARTICULARLY 6! She is not irresponsible
Living in the USA is inherently irresponsible.
So, his advice is to renege on a graduation gift. Wow.
No. Daves advice is to be an adult and a PARENT.
She is his mom. She's not renigging anything. She's being an adult and fessing up to her mistake. And fixing the situation with her sons help. If he kicks his but into gear and can make the payments. He can keep the car. But right now she is for him. He was making the payments until he lost his job.
@@pdxmusl1510Yes take back a gift from 1 child while ignoring the huge student loan debt you got saddled with from another 😂🙄
Selling a gift is very selfish. He probably didn’t ask to have a car payment and now you’re forcing somebody to *not have a mode of transportation.
She needs to find a side hustle or income on the side before screwing someone over like that
Ya, I thought they missed this. "Hi honey, remember that car I gave to you? Well now I need you to start paying the monthly payments for it."
Yeah its kinda unfair. He’s probably already dependent as part of his day to day routine and will now need to readjust his life.
Yea it’s the worst thing to do. Either pay off the car or trade the car in for another and give it to him. Either way it should be a blessing and not a curse
He's 21 and shouldn't need mommy's help. On top of that, she has the loan, not him. She's been working 30 years and the kids should be stepping up. Even the other 4 that weren't mentioned. It sounds like everything has been survival because dad left.
@@CM-sy3to It was a gift. Who said he "needed" her help. Thats her being irresponsible, not him being irresponsible
“Of course credit cards”
Umm no credit card debit isn’t a thing lady. There is no reason you should have a cent on credit cards .
Yet some people make half and aren't.... ain't that something?
@@krobdawg some ppl also are not single parents of 6!
Do you have six kids to raise? What are you even talking about?
I cannot fathom how someone making 100K is living paycheck to paycheck. That salary gives more options to how and where to live.
I am glad i didn't even know about parent plus until after I graduate college the first time. That's called a genrational poverty bundle deal.People really think they got forever to live. You don't have forever to make money. Nobody is trying to work with their grandchildren.
Single mom of 6? Wow she makes really great life decisions
Those kids didn't ask to be born, also she decided to gift the son a car loan and is going to take it back, wow great job genius. Why even give it in the first place? Maybe she needs to learn to say no more often
Jesus, some people. The father of the kids could literally have died or left her for the secretary. She sounds like she has her own life together and is just trying to put her kids through college.
@@Sophia-h1k4cexactly, let’s blame the mom, no details on what happened to the father but let’s blame the mom. Smh…
Ask the daughter to help pay the bill
She bought him a car as a present! Now she's going to ask for it back? LOL
Rachel’s new haircut is a disaster. Love Rachel, tho!
I’m sure your hair is just dandy anna
@@BrandonVanZandt-nh4vi it is not, actually. Gotta get after it. Good thing im not a public facing personality.
if she was my mom I would definitely help pay off my loan. ain't no way I would let my single mom to pay my bills!
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@@thedude5040ti troper os
In these times having an intact family is also heroic
This is normal $ 100k is middle class income, the group who is getting hit hardest the most
6 kids? Where are the father(s)? It would help if the father(s) contributed $200 per kid each month ($1200 per month). Despicable if men shirk their duties. Total losers.
maybe the “loser”passed away at a young age?
Curious to know what his major was at NYU. Good School. Geat chance to make degree-related income.😎
No. Should have cash rolled CUNY.
Mother's love but you need to give them tough love otherwise they'll learn to be irresponsible and immature in their adult life. Spoon-feeding doesn't go down well.
Tell that 21yo to do Amazon delivery and start making $4k month and get his butt to work.
If the daughter works for the federal government, the loan forgiveness is legit after 10 years and payments aren’t missed.