It annoys me when people drag out their stories and key metrics… “what’s your income” “wellllll…at that time….what happened was….” Just give the key info, then the story if it’s relevant please.
I always wonder what the caller is doing after Dave hits the mute button I wonder if they're continually yelling at their phone trying to get his attention lol
You very well might be. Mensa doesn't have a particularly high bar as around 2% of the population are eligible to join. Of course, then you'd have to deal with Mensa people....
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.
No doubt being financially free and able to afford these luxuries cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
I don’t think i need a finance advisor. I can manage my own finances and investments. I don’t want to pay someone to tell me what to do with my hard earned cash.
I used to think like you. I thought I knew enough about finance and investing to handle everything myself but then I realize that I was spending too much money and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and give me peace of mind.
Don’t tell me how to build a watch just tell me what time it is! People drag out these stories. What’s your income?……. Well he’s still moving up and he works overtime and sometimes I do this…… What is your income!!!
I've been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Consider diversifying your portfolio across various market sectors. This approach helps maintain balance in your investments and reduces the potential for significant losses.
Because of my demanding job, I don't have the time to thoroughly evaluate my investments and analyze individual stocks. As a result, for the past seven years, I've relied on a fiduciary to actively manage my portfolio, adjusting to prevailing market conditions. This strategy has enabled me to navigate the financial landscape effectively, making well-informed decisions on buying and selling. You might want to consider a similar approach.
@@siva47931 Paying for my school part time out of pocket and paying for my wife’s school full time out of pocket. I worked average 55hrs per week and she worked average 35hrs per week. I just didn’t have enough left over time to handle anymore than two classes.
They need to make it less complicated than they are making it. Live below your means, pay off the debt, stay out of debt, and live happily ever after. It's really a lot simpler than most people make it out to be.
Their youngest child is a senior in high school. Why isn't she working full time? She should've gone back to work full time at least 2 years ago. If she had, they could've paid off both HELOCs by now.
With this much debt and her youngest being a senior in high school, it is LONG past time for her to get a JOB. Why are there so many women who call in and don't seem to get this concept? When you kids are that old and your family needs the money, the SAHM gig needs to be long over!!!
Hold on now the husband should be clicking his heals together that only he works. His only thoughts day to day should be what more can I do so she does less.
Imagine calling a financial advice show about having debt and just hmmmmm through questions where it turns out your husband is the only one working and you sit at home on your ass when your youngest child is in grade 12. Unbelievable!
So he stopped working for a year and they needed $70k to cover their bills??? Either there's a piece of the puzzle missing, or these people will NEVER retire
They have mortgages on both the house they live in and the rental. That’s the only thing that makes sense here. Otherwise, yeah why would they need so much money AND why were they only able to pull $35k in equity of both properties? When Dave asked if she had any other debt, she only went to the no car loans. I bet they also have credit cards unless those were paid off with the HELOCS. But there are plenty of callers who don’t really see a mortgage as a type of debt.
I can't believe that Dave Ramsey is familiar with David Waddell! He has such a cool story, and I got to meet him when he came to speak at my university once. I ran long distance track and cross country all through high school and college, and getting to meet him was such a cool experience!
I would keep the rental property as it continually grows your net worth. The $30k per year from the rentals should go directly to the HELOC’s and you can live off of the $105,000. Lastly, if mom goes back to work making even $25,000 a year that should cover all of your tax liability for the year and give you a bigger shovel to get out of this hole. You are millionaires at this stage, focus on growing your net worth before retirement. Your $500k rental property is making roughly an 8% rate of return (dividend/income) and will continue to grow at a roughly 5% rate adding $25k annually to your net worth, so if you retire in 10 years it should add $250-300k to your total. et worth which when sold will equate to a bigger pot of money to generate income from. This doesn’t even account for rent increases over time.
Close. They should keep the rentals as they will not make 8%+ on the money they would get from the sale. Net worth doesn't mean squat. All that matters is cash flow vs expenses.
@@FooFan-b3k I disagree. If they continue to hold the property until they are prepared to retire and it is valued at $800k-$1M they can generate a much higher cash flow off of the proceeds at that time. Net worth isn’t the only consideration but it is worth factoring in.
@@MichaelHollen How much rental real estate do you own? There is no way they sell for 800K-1m if the cash flow doesn't support the price. Real estate simply crushes just about anything, and especially stocks, for cash flow. The only thing better would be ownership in a profitable business.
@@FooFan-b3k I own 2 rentals in addition to my primary residence. Between the two rentals I net $1,900 a month, and the two properties are valued at $1.1m. Each month the properties outstanding mortgage falls and rent increases annually in addition to the accretion of the property value. My point is that selling the property now when they are generating $30k net annually is a bad idea. It is an income producing investment for them. I don’t profess to be a real estate mogul, but my rental properties have both worked out well for my family.
@@MichaelHollen Well the truth is there too much unknown about this situation to say for sure about anything. For one, the 30K income. Is that gross or net? She strikes me as not being financially literate so I'm thinking now it's gross and who knows if there even is any positive cash flow. The other thing is, assuming there is positive cash flow, what is the cash on cash return? Do they have 25K into this thing or 250K? Who knows. As for your situation, yikes, thats not much cash flow for that valuation. You must be in a very high cost of living area. Where I am, I have properties I paid 80K cash for that generate $1,000/mo net. Even still, cash flowing real estate beats almost anything else.
Key question should have been did his investment in the schooling plus the 70k borrowed translate in to a higher pay? What was the ROI if he is now making 110k?
Stay at home mom to a High School SENIOR???? LOL WHAT?? She’d rather put them in $70k debt instead of getting a full time job????? The selfishness of that is INSANE.
She’s like every video I find on RUclips when trying to troubleshoot, or find a way to repair something. “Hey guys, soooo ummm how’s it going… so uuuuuh what I’m going to be working on for you today is uuuuum this problem I found, and uuuuh like what I think I can help you with today is the same issue most people are having a problem with. Sooooo ummmmm….
So, this guy goes to trade school for a year and is now working as a substation electrician making $110k per year. That is the real story here. Mike Rowe would be proud. Yes, they incurred $70k in debt, but sometimes, you have to take a step back to go forward. They have several options here; 1. Buckle down, pay the debt off, and keep the properties. 2. Sell the five acres and four rental houses, which may expose them to a huge tax bill, but will allow them to pay off the HELOCs. 3. Do a 1031 exchange on the five acres for a different property. Lot of hoops to jump through to make a 1031 work, mainly time constraints, but it can be done.
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager,
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
@@user-mv9tt4st9kI feel like this is the kind of woman who hangs out with other women at the school after they drop off their older kids, chatting. And yes that sounds sexist, but that's coming from my wife lol. I can just hear it.. " well I called this guy named Dave Ramsey, have you heard of him? Oh yeah, he's the blah blah blah. Well, I actually called into their show and, it was crazy, I got through and was actually able to talk to him! So...."
What is so hard to figure out? 30 grand from the rental should pay for the helocks. Heck, 30 grand should have kept them from even needing it. Of course i don't know there life style. Do they like the income that comes from it? Or would they rather have the money?
Heck, if she or he wants to keep the properties... she gets a job and lets the properties pay off the heloc. You never asked what her husband wanted. One way... they pay it off and just live on less... 2 she gets a job and lives on less and pays it off in a year... 3 they let that rental income pay off the heloc... 4 they sell it. One ONE of those options will work for both of them. Some kind of comprimise is needed.
Her story time approach was incredibly frustrating. Dave's going to ask how much you make and how much you owe, and his advice will then be get on a budget and pay it off, or sell something and get on a budget and pay it off or get a second job and get on a budget and pay it off. But you have to know your numbers before you call.
I think this should be the best time to put cash to work rather than allow it lie waste to inflation. I'm ready to invest about $350k of my savings in stocks. I just need ideas on how to navigate the bear markets and other sectors to diversify
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Nicole Desiree Simon for about five years now, and her performance has been consistently impressive.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
God didn't add another day in your life because you need it he gave it because someone out there needs you praise God praying for everyone Everyday God bless you all.....
I’ll echo the comments, please have the info at hand when you call Mr Ramsey, and be concise or get straight to the point. Respectfully, all that she said could have been summed up in under two minutes, no use adding fluff.
hahaha shes talking like she called her friend for a recipe, these poor guys are standing their waiting for numbers like their wives are yelling at them...
So, clearly, this lady dragged on forever but also is incorrect about what other debt and expenses they have. They almost certainly have a mortgage on the rental AND their house. She may not have car debt but there are likely credit cards she didn’t tell us about. I mean, think about it, if they have no debt other then the HELOCs, what was the $70k from the 2 HELOCs for an why would they have only been able to pull such a small amount of equity from each property ($35k each)? There is a lot she’s not telling us.
I can understand why she and her husband got into a financial bind. She is unable to focus on the pertinent facts and keeps adding irrelevant information. She likely approaches finances the same way.
Caller should get financially organized and develop a plan. Or just follow the baby steps.They have the income to pay this debt off. Thank you Dave @6:57 for the insight he gave into his real estate investing Philosophy (90% of the real estate he buys he holds forever. Wow!
@@wewhoareabouttodiesaluteyo9303 I get that, but some of these people go on and on and on and on, with details that do not matter at all. If Dave didn't cut these people off, some of these callers would talk for over an hour. If you're calling Dave, have your pertinent details written out on a sheet of paper.
Appreciate what you guys do, but you are swimming against the stream. As a nation we do not live within our means, not our Gov't, not our businesses, not our people. We have a debt culture where crippling debt is the norm and is encouraged. I applaud those who see the tyranny of it and want out, and I'm pleased they have coaches like you all to help them.
So they were making $30k from the rentals, she was working even if it wasn't for that much and they still needed to take $70k out in helocs to eat that's just crazy. Sounds like they are living way way above their means.
I know personal finance education is lacking in this country but this isn't lack of personal finance knowledge, it went beyond that... this is lack of common sense...
0:52 Now buckle down? The time for that was before four kids. Grandpa daddy went back to school without an income to support your eating, etc.? School is not a silver bullet on debt and since there are a lot of highly educated people that are struggling financially.🤦
Lady, "god" can't be bothered to stop children from starving to death. He's not going to take the time to make sure a financial show takes your phone call. Praying had nothing to do with it.
@@amireallythatgrumpy6508 How about a rat, can a rat solve anything? NY Times By John Noble Wilford Feb. 7, 2013 “Humankind’s common ancestor with other mammals may have been a roughly rat-size animal that weighed no more than a half a pound, had a long furry tail and lived on insects”
WTF you CAN work full time while going to school full time!!! I don't quite get why this lady is not working!! They literally went deep into debt because he didn't feel like working while in school and she just doesn't feel like working in general! 🤦♀
Have the pertinent facts at hand when Dave takes your call.
I hope they do that at Congressional hearings… watching those is a such a waste of time
It annoys me when people drag out their stories and key metrics… “what’s your income” “wellllll…at that time….what happened was….” Just give the key info, then the story if it’s relevant please.
Right… ugh, spit it out already haha
You do not have to watch the channel...
People who answer with “right now…” should not be allowed to vote.
@@mustangthingsThis was a classic Adam Carolla rant back in his radio days. Callers who called in with a “right now” were immediately muted. 😂
5 mins of wasted details
It’s not worth trying to sugar-coat your circumstances. Dave sees through the BS. 😅
Oh, she's totally sugar coating and being "cute".
These videos always make me feel like a financial genius lol
I watch them to stay on track. I dont want to be in these people's shoes !
The amount of times George tilted his head like a cartoon character while listening to this lady - I felt that in my soul.
I always wonder what the caller is doing after Dave hits the mute button I wonder if they're continually yelling at their phone trying to get his attention lol
😂 brilliant
I always wonder that too. Would be great if someone filmed themselves making the call so we could see things from the other perspective
Most likely someone else in the studio picks up.
Most likely! Lol glad you picked up on that mute button too
people like her makes me feel like I'm a Mensa level genius
You very well might be. Mensa doesn't have a particularly high bar as around 2% of the population are eligible to join. Of course, then you'd have to deal with Mensa people....
you're not
@@funtechuhilarious response hahah
😂😂😂😂😂
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.
No doubt being financially free and able to afford these luxuries cannot be overemphasized, making smart plans and setting up diversified investment portfolios is quite essential.
I don’t think i need a finance advisor. I can manage my own finances and investments. I don’t want to pay someone to tell me what to do with my hard earned cash.
I used to think like you. I thought I knew enough about finance and investing to handle everything myself but then I realize that I was spending too much money and energy on researching, analyzing, and monitoring my finances. I was also overwhelmed by the amount of information and options available. I decided to hire a finance advisor and it was one of the best decisions I ever made. They saved me a lot of time and money, and give me peace of mind.
How did you find a good finance advisor? How do you know if they are trustworthy and competent.
Carl Jason Cohen
Just research the name. You'd find necessary details to work with to set up an appointment.
Dave’s reaction at 1:49 when she says they call him Granpa Daddy is hilarious.
Don’t tell me how to build a watch just tell me what time it is! People drag out these stories. What’s your income?……. Well he’s still moving up and he works overtime and sometimes I do this…… What is your income!!!
True
I've been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Consider diversifying your portfolio across various market sectors. This approach helps maintain balance in your investments and reduces the potential for significant losses.
Because of my demanding job, I don't have the time to thoroughly evaluate my investments and analyze individual stocks. As a result, for the past seven years, I've relied on a fiduciary to actively manage my portfolio, adjusting to prevailing market conditions. This strategy has enabled me to navigate the financial landscape effectively, making well-informed decisions on buying and selling. You might want to consider a similar approach.
I've been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Why not work fulltime and attend school part-time? That's what we did.
That’s what I do now. Community college was pretty cheap. Now I go to a cheap public state school. People blow me away with their debt for school.
Same.
Why didn't you work full time and attend school full time? That's what I did
@@siva47931 Paying for my school part time out of pocket and paying for my wife’s school full time out of pocket. I worked average 55hrs per week and she worked average 35hrs per week. I just didn’t have enough left over time to handle anymore than two classes.
Well, he he finished school 3 years ago. So that's a moot point.
They need to make it less complicated than they are making it. Live below your means, pay off the debt, stay out of debt, and live happily ever after. It's really a lot simpler than most people make it out to be.
Dave Ramsey will be a billionaire off the dumb people who can't pay their debt off.
This was exhausting
Their youngest child is a senior in high school. Why isn't she working full time? She should've gone back to work full time at least 2 years ago. If she had, they could've paid off both HELOCs by now.
Because it's a flex to be a stay at home wife. Hanging onto the appearance.
@@bahwickee It's such a flex to keep posting other people's flexes.
Why work when you can stay home 🤣
With this much debt and her youngest being a senior in high school, it is LONG past time for her to get a JOB. Why are there so many women who call in and don't seem to get this concept? When you kids are that old and your family needs the money, the SAHM gig needs to be long over!!!
Get to the point lady
And Dave
Shut your tap and get a job!
She's worried about saving for retirement but she isn't even working 🤦
Hold on now the husband should be clicking his heals together that only he works. His only thoughts day to day should be what more can I do so she does less.
Imagine calling a financial advice show about having debt and just hmmmmm through questions where it turns out your husband is the only one working and you sit at home on your ass when your youngest child is in grade 12. Unbelievable!
Dave's face. 😂😂😂 Answer the question WOMAN!
I always wondered if the ‘if you wouldn’t buy it again, get rid of it’ applies to marriage. Dave finally clarified that it doesn’t 😩😩
🤠👍I like that but I’m single devoced twice not by my choice
scrolling the comments looking for timestamps that get to the point of the call....no luck😂
So he stopped working for a year and they needed $70k to cover their bills??? Either there's a piece of the puzzle missing, or these people will NEVER retire
They have mortgages on both the house they live in and the rental. That’s the only thing that makes sense here. Otherwise, yeah why would they need so much money AND why were they only able to pull $35k in equity of both properties? When Dave asked if she had any other debt, she only went to the no car loans. I bet they also have credit cards unless those were paid off with the HELOCS. But there are plenty of callers who don’t really see a mortgage as a type of debt.
Imagine a long day of work just want to relax this is you're wife telling you about her day fml
😂 She really is insufferable
Why men have shorter lifespans
I can't believe that Dave Ramsey is familiar with David Waddell! He has such a cool story, and I got to meet him when he came to speak at my university once. I ran long distance track and cross country all through high school and college, and getting to meet him was such a cool experience!
“Well it might be time for you to go back to work so you can retire with dignity”…😄. Notice she didn’t say one more word after that!. 🤣🤣🤣
She was muted by then Dave is the mute king watching when he pushes the button is half the fun
This lady needs something to do....
I would keep the rental property as it continually grows your net worth. The $30k per year from the rentals should go directly to the HELOC’s and you can live off of the $105,000. Lastly, if mom goes back to work making even $25,000 a year that should cover all of your tax liability for the year and give you a bigger shovel to get out of this hole.
You are millionaires at this stage, focus on growing your net worth before retirement. Your $500k rental property is making roughly an 8% rate of return (dividend/income) and will continue to grow at a roughly 5% rate adding $25k annually to your net worth, so if you retire in 10 years it should add $250-300k to your total. et worth which when sold will equate to a bigger pot of money to generate income from.
This doesn’t even account for rent increases over time.
Close. They should keep the rentals as they will not make 8%+ on the money they would get from the sale. Net worth doesn't mean squat. All that matters is cash flow vs expenses.
@@FooFan-b3k I disagree. If they continue to hold the property until they are prepared to retire and it is valued at $800k-$1M they can generate a much higher cash flow off of the proceeds at that time.
Net worth isn’t the only consideration but it is worth factoring in.
@@MichaelHollen How much rental real estate do you own? There is no way they sell for 800K-1m if the cash flow doesn't support the price. Real estate simply crushes just about anything, and especially stocks, for cash flow. The only thing better would be ownership in a profitable business.
@@FooFan-b3k I own 2 rentals in addition to my primary residence. Between the two rentals I net $1,900 a month, and the two properties are valued at $1.1m.
Each month the properties outstanding mortgage falls and rent increases annually in addition to the accretion of the property value.
My point is that selling the property now when they are generating $30k net annually is a bad idea. It is an income producing investment for them.
I don’t profess to be a real estate mogul, but my rental properties have both worked out well for my family.
@@MichaelHollen Well the truth is there too much unknown about this situation to say for sure about anything. For one, the 30K income. Is that gross or net? She strikes me as not being financially literate so I'm thinking now it's gross and who knows if there even is any positive cash flow. The other thing is, assuming there is positive cash flow, what is the cash on cash return? Do they have 25K into this thing or 250K? Who knows. As for your situation, yikes, thats not much cash flow for that valuation. You must be in a very high cost of living area. Where I am, I have properties I paid 80K cash for that generate $1,000/mo net. Even still, cash flowing real estate beats almost anything else.
Get to the question!!!!
Key question should have been did his investment in the schooling plus the 70k borrowed translate in to a higher pay? What was the ROI if he is now making 110k?
Nicest people in the world .. but have a mess of a financial situation.
Stay at home mom to a High School SENIOR???? LOL WHAT?? She’d rather put them in $70k debt instead of getting a full time job????? The selfishness of that is INSANE.
Or call it laziness😅
Can someone let me know when she starts asking the question please
She’s like every video I find on RUclips when trying to troubleshoot, or find a way to repair something. “Hey guys, soooo ummm how’s it going… so uuuuuh what I’m going to be working on for you today is uuuuum this problem I found, and uuuuh like what I think I can help you with today is the same issue most people are having a problem with. Sooooo ummmmm….
So, this guy goes to trade school for a year and is now working as a substation electrician making $110k per year. That is the real story here. Mike Rowe would be proud. Yes, they incurred $70k in debt, but sometimes, you have to take a step back to go forward. They have several options here;
1. Buckle down, pay the debt off, and keep the properties.
2. Sell the five acres and four rental houses, which may expose them to a huge tax bill, but will allow them to pay off the HELOCs.
3. Do a 1031 exchange on the five acres for a different property. Lot of hoops to jump through to make a 1031 work, mainly time constraints, but it can be done.
Please stop with that smart thinking. This channel is for one size fits all. 😂
Smart thinking does not happen in the USA. You want to think, you belong in Europe. @@JustinCase780
Caller said twice "raised children" as if to ward anything off from Dave about not working.
How do most of you guys, still make profits after retirement? Even sustaining your wealth and increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager,
Mrs Nancy Williams Laplace
Nancy is considered a key Crypto Strategist with one of the best copy Trading portfolio and also a very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
I'm new at this, please how can I reach her?
This woman can't get to the point
At the 4:00 mark, she finally gets to the point.
Thinking the same thing.
Yes
@@mikenelson8377thanks was about to hang myself
I went into debt waiting…
why can't she just answer questions, always a story.
justification bruh
I know people like that, most are "life happens to me" types. It is exhausting to talk with them. 😂
@@user-mv9tt4st9kI feel like this is the kind of woman who hangs out with other women at the school after they drop off their older kids, chatting. And yes that sounds sexist, but that's coming from my wife lol. I can just hear it.. " well I called this guy named Dave Ramsey, have you heard of him? Oh yeah, he's the blah blah blah. Well, I actually called into their show and, it was crazy, I got through and was actually able to talk to him! So...."
You know why
What is so hard to figure out? 30 grand from the rental should pay for the helocks. Heck, 30 grand should have kept them from even needing it. Of course i don't know there life style.
Do they like the income that comes from it? Or would they rather have the money?
Im currently home. Well why isn't she working?
Heck, if she or he wants to keep the properties... she gets a job and lets the properties pay off the heloc. You never asked what her husband wanted. One way... they pay it off and just live on less... 2 she gets a job and lives on less and pays it off in a year... 3 they let that rental income pay off the heloc... 4 they sell it. One ONE of those options will work for both of them. Some kind of comprimise is needed.
George is like…Get to the POINT please..
Me too, good grief
Me as well...good lord.
Her story time approach was incredibly frustrating. Dave's going to ask how much you make and how much you owe, and his advice will then be get on a budget and pay it off, or sell something and get on a budget and pay it off or get a second job and get on a budget and pay it off. But you have to know your numbers before you call.
Could the call screener warn? The people to not be so long winded and just get to the point
I think this should be the best time to put cash to work rather than allow it lie waste to inflation. I'm ready to invest about $350k of my savings in stocks. I just need ideas on how to navigate the bear markets and other sectors to diversify
In this current unstable markets, It is advisable to diversify while retaining 70-80% in secure investments. looking at your budget, you should consider financial advisory.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise fromm early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024
Please how do I find and contact this financial counselor ?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Nicole Desiree Simon for about five years now, and her performance has been consistently impressive.
I just googled her name and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.
Just ask the damn question!!!
Just.........answer..........the......... question
God didn't add another day in your life because you need it he gave it because someone out there needs you praise God praying for everyone Everyday God bless you all.....
I’ll echo the comments, please have the info at hand when you call Mr Ramsey, and be concise or get straight to the point. Respectfully, all that she said could have been summed up in under two minutes, no use adding fluff.
hahaha shes talking like she called her friend for a recipe, these poor guys are standing their waiting for numbers like their wives are yelling at them...
The capital gains taxes on the rental would be painful unless they do an installment sale.
I'd pay this lady to get an answer out!!!
You’ll be adding to her household income 👍🤣
So, clearly, this lady dragged on forever but also is incorrect about what other debt and expenses they have. They almost certainly have a mortgage on the rental AND their house. She may not have car debt but there are likely credit cards she didn’t tell us about. I mean, think about it, if they have no debt other then the HELOCs, what was the $70k from the 2 HELOCs for an why would they have only been able to pull such a small amount of equity from each property ($35k each)? There is a lot she’s not telling us.
Thanks Lord for bible study class
Get a job Lady and pay your debt off. Click.
She will get a 3rd HELOC by the time she finishes talking on the phone.
Economy of words ladies! Economy of words.
Pay it off.
I can understand why she and her husband got into a financial bind. She is unable to focus on the pertinent facts and keeps adding irrelevant information. She likely approaches finances the same way.
Please have the facts in hand when you attend the Call. Seems like She's dragging a bit to provide information.
How is a property with multiple rentals on it and that she says generates $30/yr, only worth $450k? That seems off to me
Google shows average rent is $900.
Does the 15% include your 401k retirement plan, or is the 15% separate from retirement?
Includes
@@Trenton.D sweet. thanks for clarifying that for me!
Caller cannot distinguish "degree" from "occupation".
Caller should get financially organized and develop a plan. Or just follow the baby steps.They have the income to pay this debt off. Thank you Dave @6:57 for the insight he gave into his real estate investing Philosophy (90% of the real estate he buys he holds forever. Wow!
Now just invest in actively managed funds, it will definitely work out, statistically.
How come it takes people several minutes to spit out a fricken question
They like to tell the story, background.
@@wewhoareabouttodiesaluteyo9303 I get that, but some of these people go on and on and on and on, with details that do not matter at all. If Dave didn't cut these people off, some of these callers would talk for over an hour. If you're calling Dave, have your pertinent details written out on a sheet of paper.
Lot of them are tying to save face for the bad decisions that created the situation they’re in that they’re calling for advice on
Can she even sell these properties with Helocs on them?
You kidding me? Can you sell with a mortgage? 🤡.
@@miketheyunggod2534relax 🤡
Long winded lady!😂
These are the people you are competing with for houses and cars... They make everything more expensive for everyone.
Get to the point..Have your notes ready before calling in..Don't hold up the call traffic..🚦
$110,000 for a Utility Substation Electrician is a very good income for Ohio
Appreciate what you guys do, but you are swimming against the stream. As a nation we do not live within our means, not our Gov't, not our businesses, not our people. We have a debt culture where crippling debt is the norm and is encouraged. I applaud those who see the tyranny of it and want out, and I'm pleased they have coaches like you all to help them.
Things are not adding up! 105k a year income, 70k in debt? And she claims to have no other bills 😅
Exhausting. Its not a financial mess.
There was a mess on the phone. I heard her.
So they were making $30k from the rentals, she was working even if it wasn't for that much and they still needed to take $70k out in helocs to eat that's just crazy. Sounds like they are living way way above their means.
This xould have been a 49 second call
Holy crap, lady, any idea of what the gist is?😂
Land is gold. Pay off the debt.
If you read this in a transcript she never finishes a sentence or answers a question.
There are hundreds of videos in youtune about benefits of heloc and it always make me cringe.
This Lady would have to give up Oprah and go back to work to help her husband ?
How does Dave know the hometown of Scott Hamilton?
Dave Wottle ‘72 Olympics
880 champ! Great run...😮
Getting information out of this woman is like pulling teeth.
makes me wonder how many women dont have anything for retirement because they didnt ever work
WHO GOT SHOT!?
-Patrice Oneal
💯💯💯💯💯💯💯
I know personal finance education is lacking in this country but this isn't lack of personal finance knowledge, it went beyond that... this is lack of common sense...
Only 30k rental on 4 paid off houses?
Only making 216k in 10 years on them. I would sell it. If it was 216k on each one, that's a different story.
Probably mobile homes.
0:52
Now buckle down? The time for that was before four kids.
Grandpa daddy went back to school without an income to support your eating, etc.? School is not a silver bullet on debt and since there are a lot of highly educated people that are struggling financially.🤦
Electrician is a trade, and unions offer training.
@@user-mv9tt4st9k That is fine for when you are 25, he is 55 with a wife left without income for food.
She loves to hear herself talk Jesus
I know Him too...Jesus is my Savior is He yours?
Sounds like Heidi isn’t doing well or she wouldn’t be calling in for financial advice.
Ramble Ramble Ramble …
UM UM UM UM UM UM UM. I can't.......
Stop dragging it out. Give Dave the facts and stop yapping
Why don’t these people understand that they need to work? You’re worried about your helocs, GET A JOB!!!!
Lady, "god" can't be bothered to stop children from starving to death. He's not going to take the time to make sure a financial show takes your phone call. Praying had nothing to do with it.
Your evolutionary fictional common ancestor didn’t bother to figure out starvation problems either.
A bacterium is incapable of solving anything. @@CarnivoreStork
@@amireallythatgrumpy6508
How about a rat, can a rat solve anything?
NY Times By John Noble Wilford
Feb. 7, 2013
“Humankind’s common ancestor with other mammals may have been a roughly rat-size animal that weighed no more than a half a pound, had a long furry tail and lived on insects”
A rat cannot solve any problems that exist in the world outside it. By the way, rats exist, whereas gods don't. @@CarnivoreStork
@@amireallythatgrumpy6508
Yes rats exist, and so do other rodents God created, so they didn’t evolve to ▶️you.
Why I’m single, women can talk forever without saying anything
WTF you CAN work full time while going to school full time!!! I don't quite get why this lady is not working!! They literally went deep into debt because he didn't feel like working while in school and she just doesn't feel like working in general! 🤦♀
So selling the wife is out ? Darn.