I did my own quiet at-home debt free scream yesterday when I made my final student loan payment. I am debt free now for the first time in my entire adult life, thanks to Ramsey.
Way to go! I paid off my student loan in November and it felt so good! I’m on target to be consumer debt free this May and I’m so excited. I have done mini debt free screams along the way from my living room lol. I can’t wait to do the big one once my house is paid off! I’ve paid off over $200k in 3.5 years 🎉
Congrats that's great. Put $500 in a Roth IRA per month as well and you'll have a half million tax free $$ in there at age 65 on top of whatever else you save in other accounts.
Now save up and cash flow the truck. A paid for house and an owner operator, the overwhelming amount of peace you’ll have…imagine. Take the jobs you want and not “have to”. Good position brother.
I so love when it’s Rachel and Dave as I worked in finance with my beloved Dad until he passed away in 2021 and whilst seeing their relationship really highlights what I’ve lost, it also reminds me how lucky I was to spend 22 years working with my dad, we could disagree but never argue, laugh and we both loved every moment. I miss him more than I could express but love remembering what we had when I watch them together. ❤️😭
Ive been listening to Ramsey for about 4 months now. Iv paid off my car, student loan and one of my credit cards. I have 3 more credit cards to go but will have them all paid in full by end of March of this year. Im so excited im so close to finally being debt free. God is good. 🙏🏽
1:45:00 Romina and Armand with their debt scream is really wholesome. I admire how much determination she had working 3 jobs as a nurse and then selling cookies and work on her master at the same time😮 Hats off!!
I love listening to Dave. I’ve been listening to him for many, many years. Did things his way, worked so hard to get out of debt and have been for a long time. There is no amount of money that can give you freedom like being debt free. I couldn’t thank Dave enough for caring so much for human beings in wanting us to experience the freedom of being debt free. Thanks Dave. I still listen every day to stay on track.❤️
Paid off £6000 in debt last year thanks to this show! I don’t agree with everything they promote but I think a conservative mindset and as little consumer debt as possible is the way to live!!
I usually only watch the show when Racheal is on. Her facial expressions say so much, and she just extrudes humanity. It makes me feel so good when she is on.
The woman Romina is quit a go getter. Her ambition is amazing especially risking her life during COVID with taking all her jobs. She is one of a kind. This is a women every guy needs to keep them focused.
Thanks for all the great videos you provide. I'll force my adult kids to watch it. I have 2% mortgage that I'm keeping and I enjoyed the discussion about the mental price it takes. Great guidance.
Agree with Dave on tithing. I learned it from my Mom but didn't understand until I got older. Tithing should be like saving, 401k out of your check, paying bills. But Tithing adds to your blessings
I personally can't be with someone who doesn't have ambition! My ex was like that and it was annoying that I'm working hard to strive for better and he wanted to stay the same. He was comfortable and I was not. At the time, he was better with money than I was. He was very frugal and I was the spender. Fast forward 6 years, we had broken up and I have become very frugal mainly due to the pandemic that woke me up! When it started, the threat of me living in my car because I didn't have the funds to sustain myself while we were on shut down really started me on this path of paying off debt, saving an emergency fund, and investing for my retirement years. I am grateful that I went through that experience because it's setting off on a new path where I feel safe and secured about being smart about money.
Today is jan 15, 2024. Funny this came on my home page. My birthday was Jan. 10. Ive heard Dave Ramsey you tube videos for a while now. Very good advice. Many blessings.
Okay so we were in BS2 and I left work. My husband made around 140 but what I made gave us so much wiggle room. He got a job where he worked 1 day a week and made about 5k a month doing it. He didn’t make me feel bad once and I still am home 4 years later You need a supportive partner, someone willing to put in when you need time to step back.
To Vincent-we have a high net worth and only owed about $70k on our house when all of our holding were frozen when they arrested Allen Stanford. Other than this, we had no other debt but had one child in college and one in med school with tuition coming due soon. We only had access to what was in our checking account and had no idea how much we would lose or how long we could not access our investments. We were paying aggressively on our mortgage so what we owed was “chump change” but I sure would have had a lot less fear if we had pais it all off when we did have the cash to do so. Paying it off was the 1st thing we did when they released our accounts.
The lady who was a lawyer and wanted to stay home with her children, she could work 1 year yet and just use her money to pay on the student loan only and get that paid off in total. That way you pay off the debt and experience just living on your husband’s income. That would help see if the one income home works for you and your family.
26:26 She could start working because her dad had a company. She could open a ROTH because her parents knew about it and helped her. Time and knowledge are the biggest hurdles for people. Not everyone has the time to gain said knowledge.
@@Freshprankstv1 Depends on the person. I’ve always made more than my husband and we’ve been married 23 years. We don’t talk about it and I know it doesn’t bother him. It wouldn’t have worked if it did because my goal is to be self-sufficient and independent. His goal is the same. He works harder than me, no doubt. He’s self-employed.
Me too. Loads of pressure. Take it day by day. I agree with Dave no damaging. Find a nice compromise maybe working part-time. I did it and my kids are fine and doing great.
@Nigriff yep. And they would love to have us all in tiny rentals in high rises that they own where they can control us all. "1984" is almost here. Parts of it already are. Newspeak, rewriting history as they go, and canceling those who don't "follow the rules" is already happening.
I have so much respect for Dave. Just wanted to bring in Malachi - God does talk about blessing and being protected financially by God when we tithe too. Malachi 3:8-12 “In tithes and offerings. 9 You are under a curse-your whole nation-because you are robbing me. 10 Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the Lord Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it. 11 I will prevent pests from devouring your crops, and the vines in your fields will not drop their fruit before it is ripe,” says the Lord Almighty. 12 “Then all the nations will call you blessed, for yours will be a delightful land,” says the Lord Almighty.
If that lady was ONLY concerned about what happens to them financially if she dies or cannot work someday… insurance fixes that. Theres much more to this.
@@colleengarcia7752 Oh, I’m sure there are men out there who want their wives to maximize their earning too. The world isn’t full of men trying to relive the 1950s. I’m okay with that. Marriage is a partnership where roles need to be determined and agreed upon.
But it will provide more financial stability than almost any other investment. There is nothing quite like having a paid-for house. My husband and I have lived at all kinds of income levels and now that our kids are grown and we have been retired for several years, we realize how little we can live on if we have to since we have no debts and a paid-for home that we have kept in good repair.
If a person can't afford to Tithe, you can always donate your time, give away things you don't need, clean out your pantry donate some food etc, it doesn't have to be just $$!
How do you recommend someone consistently give without tithing? I’m not a church goer but I do believe in generosity. I’m very sporadic with it right now and would like to figure out something more consistent.
Pick a percentage of your income or dollar amount per month you want to give and then either give that entire amount to a cause you are passionate about or break it down into categories (for example 1/3 to charity, 1/3 to someone in need, 1/3 to nice acts for loved ones). I like to take people out to lunch so that’s one thing I like to do. You could donate to the humane society if you are a pet lover. Just put it in your budget and then figure out how you want to allocate that. Also, even if you don’t go to church if you know someone who does you could donate to their church bc they do use those funds to help people in need and do good in the community.
If Bethany’s situation was reversed, few would question the income difference. Get setup with life insurance and every other financial plan, accept him for who he is, and enjoy your life together. Or let him go to be himself.
I don't understand how anyone can just spend and spend and have $100k in credit card debt. I get anxious just thinking about paying interest on one. I use one for the perks, but it is paid in full every month. Not going there. Not ever...
Rachel is easily my favorite host but the response to that second question is infuriating. Literally last week she and Ken got a call from a man saying his kids are grown and he wants his 50 year old stay at home wife to work and Rachel said “if you can afford to live on your salary she deserves to not work”. So basically the same scenario except when it’s a man (who is actually working) she says he’s lazy but when it’s a woman she deserves to not work ?
I’m not sure if I missed it but I did NOT hear Rachel say he’s lazy. I know she said he’s not hearing you but from what I heard Dave was the one that said you’re married to a “lovely lazy man.” And for the record Dave and Rachel have differing opinions sometimes. Please let me know if I’m wrong and she did say that though!
Hmmm maybe because men and women are different and women do A LOT of unpaid work at home that men simply don’t do at the same level. What a pathetic comment. Also that 50 year old woman homeschooled all her kids. She did not have to work because her husband is selfish POS. You know what real men do! They want to provide for their wife and kids without complaining
@@sweetbabysuncle3227 And why is that? And, by the way, women also work - I think you're talking about being employed outside the home. All women need to be able to take care of themselves with education and skills. No one knows what nasty curves life can throw at a family, especially in these uncertain and changing times. Death will not be a financial issue if there is life insurance in place, but divorce and disability (as well as other medical bills) can leave a family devastated if the wife cannot also take care of herself and her children.
Bethany - maybe this is a wife who wants a more expensive lifestyle than the husband does. What would people think if this situation were reversed and the husband was earning $180,000 and the wife earned $30,000 and didn't have any interest in earning more? Would that be o.k.? Maybe a high-earning husband would be fearful that if something happened to him that the family would lose everything, too. What else is he doing to support everything the family is doing - housework, raising the kids, etc? Another case in which we need to hear both sides.
I really don’t like these calls because it’s not as if the husband was making $100,000 or 200,000 when she met him. Fifteen years and suddenly she’s annoyed that he’s not ambitious? Whatever happened to Contentment? Maybe he’s the kind of guy who is perfectly at peace with where he is in his life! It’s really not fair to put this on him. And I agree - what if the roles were reversed and it was the wife who was making a smaller salary while the husband was busting it - That’s more what we’re used to hearing about.
I was thinking the same thing. Their advice is to have enough life insurance or disability to cover the loss of the high income earners salary. Put that in place and love your husband well, even if he only chooses to earn $30,000. Lots and couples are in the same situation just with reverse genders.
Dave, yes there are HRSA grants that offer student loan pay off assistance for 2-3 year of service. This grant is for RN’s, medical doctors, licensed clinical social workers. You have to be employed by a HRSA funded job site. If a person is eligible, they deposit the money upfront and you pay off your student loans.
Google it. Suzee Orman does like whole life insurance either. Term is less expensive for a larger benefit if the person insured dies. Take the difference in premium and invest in a good mutual fund. Or save it for a house or college or to pay off debt, etc.
I don't remember the title of the series, but they have done tutorials, I guess you could call them, on a variety of subjects and there was one on why whole life is so lousy. Basically, you pay a very high price every month, the first two years they keep all that money and you don't have any benefits from it if anything were to happen. The only pay you a very small percentage of interest and they keep the rest. For example we're earning about 10 to 12% annually on our mutual funds and so are the whole life people but they're only going to give you 2% of it. And there are fees involved over the years so you spend money on that and when you pass, you may get back what you put in but he has said that if you had invested that amount in good mutual funds you'd end up with an enormous amount of money more.
Nicole - there are a good deal of jobs for attorneys that are less stressful for attorneys - choose those. The issue for you may be what your practice demands and expects - you may well need to do something on your own for a while rather than be part of a high-pressure practice. Real estate and focusing on estate planning are two areas that are less stressful and will certainly be in demand in the next decades as boomers downsize and also re-visit their estate plans.
Experienced the same as a Creative Director. Fast paced ad agency culture and pressure was not for me!! TONS of other options in any field. AND I get to work towards things I love w people I enjoy now. Make the change!!
As a real estate lawyer for over 30 years I can tell you that you are sadly mistaken. Real estate law is extremely stressful with short deadlines and clients with unrealistic expectations. This area has a great deal of responsibility and is an area of practice with the highest rate of claims against lawyers by clients.
@@laurabitnerchoi873 I did not say it was not stressful and I did not say there were not short deadlines. But you are speaking about mortgage and other property buying and selling real estate law. There are other areas of real estate such as writing Deeds of Gifts of property parcels, writing up easements, etc. that are not as time sensitive. I should have been more clear that I was not talking about property sales. She was looking for something that she could do more part-time and could perhaps work on the less stressful aspects part-time for another attorney just to not drop out entirely while she has young children. There are also many templates now available that have all the elements for leases, etc. Admittedly property sales are very stressful!
Romans 10:9-10 "That if you confess with your mouth, "Jesus is Lord," and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you confess and are saved.
That $30,000 gift will be taxed as income. It is a gift. Accept it. Quit worrying about everyone else and how they might respond. You didn’t ask for the gift. She wants to bless you. Don’t steal her joy. She is lovely and generous. Let her enjoy that.
I don't think the recipient has to pay taxes. Neither does grandma (gift tax) if she files form 709 with her taxes. Form 709 is I think why Dave said everyone would find out when grandma dies.
I agree, and when you think about it, she has every right to do what she wants with her money but let me tell you families break up for good when someone passes and it turns out that some got gifts, some didn't...
Every time I hear a woman complain about her husband's income I feel how unequal the expectations are between genders. I make 3 times as much as my wife and if I started whining and complaining for my wife to make more I would be crucified. She is happy for her job and she helps me care for the house and she's a great mom. She's happy for her job and enjoys it so I'm happy for her. Why can't that woman just be happy to have a good man.
Because men and women are designed by our Creator genetically different. Women are not designed to hustle for both her and her man. It wears out a woman a lot more. She can hold it down financially for a season or two if the husband's finances dip but on average a woman is going to need close to her financial equal.
Honestly, I agree. Having a good husband is priceless. You shouldn't be able to buy your wife's respect by making more money. Of course money is important, but if you're doing fine as is, there's no need for a husband to give up a job he loves just for status or something like that. It's really messed up, but not every woman thinks that way.
@maxinecoleman8502 Where does it say in the bible that a woman needs her financial equal? Or that she tires more easily from work? Proverbs 31 says this: Proverbs 31:16-18 NIV [16] She considers a field and buys it; out of her earnings she plants a vineyard. [17] She sets about her work vigorously; her arms are strong for her tasks. [18] She sees that her trading is profitable, and her lamp does not go out at night. This describes a woman's work. It also says she des not eat the bread of idleness, meaning a woman shouldn't sit around all day doing nothing.
If it was any other rant, Dave would have jumped on the example where the 15 year old had a Roth IRA at 10 and now she'll be a millionaire at 30 because she started working in her dad's business. If that doesn't REEK of privilege and tax fraud I don't know what does. Terrible example. What a shame.
Not everyone was born into families or environments that even talk about this stuff. They have no true education or knowledge about what to do. Even me, I’m an old gen-exer, and we didn’t have the world at our fingertips when we were growing up, and my family didn’t teach me anything at all. I didn’t even have parents. I did the best I could- went to college in my 20’s, but not for a sensible degree. I got a late start investing. I just didn’t know until I knew. The generation today, as long as they’re aware of what they should do, can do it. But there is a section of the population that doesn’t stand a chance, or never stood a chance. But it doesn’t mean they’re stupid.
You don't have to have all or nothing.. If you live in a modest neighborhood in a northern climate, you do not have to wait until you retire to have enough money to move down South. You can move to an equally modest neighborhood down in a warmer temperature...
My FIL will offer to pay for something but we see him announcing it behind people’s back, virtue signaling, and he’s KING of control when he’s given or loaned money. At my house, NO THANK YOU. Nice to know he’s there if there’s ever an emergency, but otherwise, nowhere near worth it.
It’s obvious this man walks with God to the best of his knowledge and ability. Always gives sound Biblical advice. On the tithe comment…Malachi 3:8-12 states that blessings and curses are connected to tithe because it belongs to God. To not give is considered robbery of God. And, no….God does not need our money, but the Biblical principal is that we give 1/10 of our income because it does not belong to us. That Scripture also mentions that robbery occurs by withholding tithes AND offerings. So generosity, the free will offering component (a principle outlined in the building of the earthly sanctuary in Exodus 36), is in addition to tithe.
Chase from Mobile, AL: How did you come up with a salary of $150-200k salary? Here in Wisconsin, the top salary is about $50 hourly...that's well below your numbers. I am a from welder although never an inspector. You are citing physician salary.
The debt free woman will NOT let her husband speak without interrupting him or putting herself in a star role. "I supported him. I encouraged him". Incredibly self-centered.
I’m sorry but that woman with a $530 mortgage asking if she should go buy a less expensive house or rent because her house is too big…. Just Google what your rent would be or what your new mortgage would be if you moved… Unless you rent a room from someone and/or have roommates, you are going to be paying AT LEAST double anywhere else. At least! You need to make a budget and sell your new car (im assuming).
I would 100% borrow 30 million at 2%... you can put in a savings and/or CD that are FDIC insured at 4 to 5%. I know a bank that did that in iowa that made a millions of cash on a 2 % spread like that.
Some of these callers surprise me with very low incomes like the lady with the $500 a month mortgage and earns $40k a year. She should easily be able to find a job that pays $60k a year. She doesn't have a house problem, she has an income problem.
The word tithing comes from the Bible and so that's the context he uses it in. But he doesn't say that you must. He just wants you to be debt-free so that you can be generous. I have a certain amount of money per month that I like to give away or donate. I can't always walk my cart back to the cart corral So I let the one who retrieves the carts know that I will be leaving my car next to the car and I give them a dollar. They're happy and I'm happy.
You know liberals are not evil… Some of us are Christians who just believe that people should be able to live their lives freely and safely without fear and judgement.
I did my own quiet at-home debt free scream yesterday when I made my final student loan payment. I am debt free now for the first time in my entire adult life, thanks to Ramsey.
That’s great. We want to hear it!👌🥳
Way to go! I paid off my student loan in November and it felt so good! I’m on target to be consumer debt free this May and I’m so excited. I have done mini debt free screams along the way from my living room lol. I can’t wait to do the big one once my house is paid off! I’ve paid off over $200k in 3.5 years 🎉
No - actually thanks to YOU having the discipline to do it. He just showed you a way.
Ma,El tov and congrats.
Way to go!!!🎉
I’ve paid off $20,000 in debt in one year thanks to listening to Dave & getting serious about paying off my debt! Thank you Ramsey show!
What
good for you!
Congratulations same here. I owed 21k on my mortgage and payed it off right before Christmas
Keep going!
@@indianaprepper2832 thanks & congrats to you & wow what a Christmas gift to yourself!
38:00 I’m the truck driver who called in today! Decided to buy the house and pay for it in CASH first!
Great!
That good
Congrats that's great. Put $500 in a Roth IRA per month as well and you'll have a half million tax free $$ in there at age 65 on top of whatever else you save in other accounts.
Now save up and cash flow the truck. A paid for house and an owner operator, the overwhelming amount of peace you’ll have…imagine. Take the jobs you want and not “have to”. Good position brother.
You said you were making almost 80K but can save 50K per year. How is this possible unless you no expenses. Also....where are homes 100?
I so love when it’s Rachel and Dave as I worked in finance with my beloved Dad until he passed away in 2021 and whilst seeing their relationship really highlights what I’ve lost, it also reminds me how lucky I was to spend 22 years working with my dad, we could disagree but never argue, laugh and we both loved every moment. I miss him more than I could express but love remembering what we had when I watch them together. ❤️😭
Ive been listening to Ramsey for about 4 months now. Iv paid off my car, student loan and one of my credit cards. I have 3 more credit cards to go but will have them all paid in full by end of March of this year. Im so excited im so close to finally being debt free. God is good. 🙏🏽
Congrats!!!
@@LindseyHarvell-vc4ez Thank you!!!
🎉 nice work.
Congratulations! You have been working so hard and now you are so close to being totally debt free! So proud!
Congratulations from Scotland 🎉
I discovered the Ramsey show through RUclips shorts a little over a month ago. I am now in baby step 2!
Congratulations! You got this!
1:45:00 Romina and Armand with their debt scream is really wholesome. I admire how much determination she had working 3 jobs as a nurse and then selling cookies and work on her master at the same time😮 Hats off!!
I love listening to Dave. I’ve been listening to him for many, many years. Did things his way, worked so hard to get out of debt and have been for a long time. There is no amount of money that can give you freedom like being debt free. I couldn’t thank Dave enough for caring so much for human beings in wanting us to experience the freedom of being debt free. Thanks Dave. I still listen every day to stay on track.❤️
Paid off £6000 in debt last year thanks to this show! I don’t agree with everything they promote but I think a conservative mindset and as little consumer debt as possible is the way to live!!
I have 24k left in debt and I’ll be paying it all off within 11 months. Don’t sleep on Dave’s plan! It works ❤
Baby steps work in the UK too 🤣 paid off £10k of debt in under a year now, 3 month emergency fund sorted too. 15% on ISA and pension. Now on steps 5,6
I usually only watch the show when Racheal is on. Her facial expressions say so much, and she just extrudes humanity. It makes me feel so good when she is on.
Exudes.
I'm really touched how you listened and advised and encouraged that sweet 80 year old couple, to renew there cd
Love Rachel and Dave together. Best duo.
I paid off my mortgage & car! I’m completely debt free do to 2 Daves in my life my father & Dave Ramsey! 💓💕❤️🙏🏽🥳🎊🤓
Romina and Armand and adorable little Shiloh - You’re fantastic. Way to go! 🎉🎉🎉I love these debt free screams!
8:20 I love these father/daughter arguments/discussions (some may call them fights). Good job Dave and Rachel.
I’m love that Rachel provides her insights without insulting anyone. Dave, has a harsher approach but still provides valuable financial information.
I love how Rachel laughs at Dave while still respecting him
I cringe every time she calls him Dave and not Dad though.
@@laurafratoni7931 I guess it's ok in an office/work situation.
@@laurafratoni7931He is her boss at work but I am Nigerian and will get disowned if I try it with my pop
Dave & Rachel are the best host combo of all...!
I think Rachel and Ken is a tad better.
Facts
The woman Romina is quit a go getter. Her ambition is amazing especially risking her life during COVID with taking all her jobs. She is one of a kind. This is a women every guy needs to keep them focused.
That would be exhausting for Romina, though. She already has one husband.😉🥸
Love dad and daughter shows ❤❤
I love Rachel and her dads relationship
I love her nervous laugh when he goes off on a rant
@@carynbecker2752hahaha she’s like “ooooh here we go, get it dad”
Dislike the Dave instead of Dad thing though. So weird!
At least what we see on this channel we don't know what goes on behind the scenes.
Thanks for all the great videos you provide. I'll force my adult kids to watch it. I have 2% mortgage that I'm keeping and I enjoyed the discussion about the mental price it takes. Great guidance.
Agree with Dave on tithing. I learned it from my Mom but didn't understand until I got older. Tithing should be like saving, 401k out of your check, paying bills. But Tithing adds to your blessings
I always love when Dave and Rachel are together! Dave goes out of the way to make his daughter laugh!!
Listening to Dave is like having a sensible tough Dad around. Like I lost my dad 20 years ago.
Sorry for your long loss. I can see you miss your father. We always will. Parents are special people.
19:11 The good thing is that Grandma is looking out to help her grandkids in need. She has done it before. You can't get another like it.
Dave is so wise about the lazy husband and called it out! Love DAVE!
Dave only heard one side of the story. The wife may be very ambitious and the husband may be very content with a simpler lifestyle.
As long as it's acceptable for the money makers to be reversed. She said how good of a dad he is. If he enjoys the simple life that should be alright
I personally can't be with someone who doesn't have ambition! My ex was like that and it was annoying that I'm working hard to strive for better and he wanted to stay the same. He was comfortable and I was not.
At the time, he was better with money than I was. He was very frugal and I was the spender. Fast forward 6 years, we had broken up and I have become very frugal mainly due to the pandemic that woke me up! When it started, the threat of me living in my car because I didn't have the funds to sustain myself while we were on shut down really started me on this path of paying off debt, saving an emergency fund, and investing for my retirement years.
I am grateful that I went through that experience because it's setting off on a new path where I feel safe and secured about being smart about money.
Working on paying off $350k in both student loan and mortgage debt.
I’m so glad i found this show
Loved the cute young couple from CA doing their debt free scream!
Today is jan 15, 2024. Funny this came on my home page. My birthday was Jan. 10.
Ive heard Dave Ramsey you tube videos for a while now.
Very good advice. Many blessings.
Okay so we were in BS2 and I left work. My husband made around 140 but what I made gave us so much wiggle room. He got a job where he worked 1 day a week and made about 5k a month doing it. He didn’t make me feel bad once and I still am home 4 years later
You need a supportive partner, someone willing to put in when you need time to step back.
Make sure GIFT is written on the check or electronic transfer🙏
I thank Dave and crew for helping me be responsible with my money and decisions 🎉🎉🎉
To Vincent-we have a high net worth and only owed about $70k on our house when all of our holding were frozen when they arrested Allen Stanford. Other than this, we had no other debt but had one child in college and one in med school with tuition coming due soon.
We only had access to what was in our checking account and had no idea how much we would lose or how long we could not access our investments. We were paying aggressively on our mortgage so what we owed was “chump change” but I sure would have had a lot less fear if we had pais it all off when we did have the cash to do so. Paying it off was the 1st thing we did when they released our accounts.
The lady who was a lawyer and wanted to stay home with her children, she could work 1 year yet and just use her money to pay on the student loan only and get that paid off in total. That way you pay off the debt and experience just living on your husband’s income. That would help see if the one income home works for you and your family.
My two favorites!
26:26 She could start working because her dad had a company. She could open a ROTH because her parents knew about it and helped her.
Time and knowledge are the biggest hurdles for people. Not everyone has the time to gain said knowledge.
You nailed it, time and knowledge are the biggest obstacles.
I mean, the American Red Cross used to certify babysitters at age 10. Paid work can start pretty early.
Right, it’s a privilege to have parents that own their own business and are knowledgeable about American financial system.
This is the Ramsey Show
Where debt is fun
Cash is bling
And the $714 car payment has taken the place of a place to live.
😂😂😂 remix!
I don't think we listened to the same show😂
Being a bread-winner mom, I feel that anxiety the attorney feels. It’s a lot to carry on your shoulders.
Yeah plus it’s the male/female dynamic. Guys don’t care how much the woman makes but switch it and it changes every thing.
@@Freshprankstv1 Depends on the person. I’ve always made more than my husband and we’ve been married 23 years. We don’t talk about it and I know it doesn’t bother him. It wouldn’t have worked if it did because my goal is to be self-sufficient and independent. His goal is the same. He works harder than me, no doubt. He’s self-employed.
@@tmusa2002 true. On average it just won’t work.
Me too. Loads of pressure. Take it day by day. I agree with Dave no damaging. Find a nice compromise maybe working part-time. I did it and my kids are fine and doing great.
@@Freshprankstv1 Stats say that of US married husband/wife couples, the wife earns more 30% of the time.
We have three paid off vehicles and built our house with no morgage. You walk a little different when you know noone can take it from you!
The Federal Government can. Stay armed
@Nigriff yep. And they would love to have us all in tiny rentals in high rises that they own where they can control us all. "1984" is almost here. Parts of it already are. Newspeak, rewriting history as they go, and canceling those who don't "follow the rules" is already happening.
Congrats!! BUT you do have to keep paying HoA and property taxes as you can lose the house that way. Sorry but people should understand that.
Thank you for this show! ❤
Rachel looks very nice in the mint green 😊.
I have so much respect for Dave. Just wanted to bring in Malachi - God does talk about blessing and being protected financially by God when we tithe too.
Malachi 3:8-12
“In tithes and offerings. 9 You are under a curse-your whole nation-because you are robbing me. 10 Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the Lord Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it. 11 I will prevent pests from devouring your crops, and the vines in your fields will not drop their fruit before it is ripe,” says the Lord Almighty. 12 “Then all the nations will call you blessed, for yours will be a delightful land,” says the Lord Almighty.
If that lady was ONLY concerned about what happens to them financially if she dies or cannot work someday… insurance fixes that. Theres much more to this.
The roles are reversed and it becomes fine. She happens to have the better skills to be the main bread winner.
@@colleengarcia7752 Oh, I’m sure there are men out there who want their wives to maximize their earning too. The world isn’t full of men trying to relive the 1950s. I’m okay with that. Marriage is a partnership where roles need to be determined and agreed upon.
Very good show!
37:47 Yes, the mortgage debt is a big burden most of us carry, everyday.
It's the American dream! Congratulations on homeownership!
But it will provide more financial stability than almost any other investment. There is nothing quite like having a paid-for house. My husband and I have lived at all kinds of income levels and now that our kids are grown and we have been retired for several years, we realize how little we can live on if we have to since we have no debts and a paid-for home that we have kept in good repair.
21:36 Personal finance is 80% behavior.
A nightmare avoidance instructor😂😂😂
If a person can't afford to Tithe, you can always donate your time, give away things you don't need, clean out your pantry donate some food etc, it doesn't have to be just $$!
That's right! There were times when all I had to offer was service and God accepts that.
How do you recommend someone consistently give without tithing? I’m not a church goer but I do believe in generosity. I’m very sporadic with it right now and would like to figure out something more consistent.
Pick a percentage of your income or dollar amount per month you want to give and then either give that entire amount to a cause you are passionate about or break it down into categories (for example 1/3 to charity, 1/3 to someone in need, 1/3 to nice acts for loved ones). I like to take people out to lunch so that’s one thing I like to do. You could donate to the humane society if you are a pet lover. Just put it in your budget and then figure out how you want to allocate that. Also, even if you don’t go to church if you know someone who does you could donate to their church bc they do use those funds to help people in need and do good in the community.
If Bethany’s situation was reversed, few would question the income difference. Get setup with life insurance and every other financial plan, accept him for who he is, and enjoy your life together. Or let him go to be himself.
14:09 Don’t you think husbands who are the sole provider for the family feel the same way?
You are too good to be true ❤❤❤
52:53 Ramsey talks about setting aside student loan payment in HYSA to pay off the debt in anticipation of forgiveness
Great music!!
I agree! I used the Shazam app to figure out what they are. The intro one is my FAV!
I love Rachel's laugh
I don't understand how anyone can just spend and spend and have $100k in credit card debt. I get anxious just thinking about paying interest on one. I use one for the perks, but it is paid in full every month. Not going there. Not ever...
Rachel is easily my favorite host but the response to that second question is infuriating. Literally last week she and Ken got a call from a man saying his kids are grown and he wants his 50 year old stay at home wife to work and Rachel said “if you can afford to live on your salary she deserves to not work”. So basically the same scenario except when it’s a man (who is actually working) she says he’s lazy but when it’s a woman she deserves to not work ?
Men and women are different. Women shouldn't have to work, men should.
I’m not sure if I missed it but I did NOT hear Rachel say he’s lazy. I know she said he’s not hearing you but from what I heard Dave was the one that said you’re married to a “lovely lazy man.” And for the record Dave and Rachel have differing opinions sometimes. Please let me know if I’m wrong and she did say that though!
Hmmm maybe because men and women are different and women do A LOT of unpaid work at home that men simply don’t do at the same level. What a pathetic comment. Also that 50 year old woman homeschooled all her kids. She did not have to work because her husband is selfish POS. You know what real men do! They want to provide for their wife and kids without complaining
@@sweetbabysuncle3227 And why is that? And, by the way, women also work - I think you're talking about being employed outside the home. All women need to be able to take care of themselves with education and skills. No one knows what nasty curves life can throw at a family, especially in these uncertain and changing times. Death will not be a financial issue if there is life insurance in place, but divorce and disability (as well as other medical bills) can leave a family devastated if the wife cannot also take care of herself and her children.
@@flashthecorgi2053 Rachel didn’t say it- Dave did….and to me, he was just kind of being facetious. Blunt.
I love Rachel’s daughter giggle in the background 😂
Bethany - maybe this is a wife who wants a more expensive lifestyle than the husband does. What would people think if this situation were reversed and the husband was earning $180,000 and the wife earned $30,000 and didn't have any interest in earning more? Would that be o.k.? Maybe a high-earning husband would be fearful that if something happened to him that the family would lose everything, too. What else is he doing to support everything the family is doing - housework, raising the kids, etc? Another case in which we need to hear both sides.
I really don’t like these calls because it’s not as if the husband was making $100,000 or 200,000 when she met him. Fifteen years and suddenly she’s annoyed that he’s not ambitious? Whatever happened to Contentment? Maybe he’s the kind of guy who is perfectly at peace with where he is in his life! It’s really not fair to put this on him. And I agree - what if the roles were reversed and it was the wife who was making a smaller salary while the husband was busting it - That’s more what we’re used to hearing about.
I was thinking the same thing.
I was thinking the same thing. Their advice is to have enough life insurance or disability to cover the loss of the high income earners salary. Put that in place and love your husband well, even if he only chooses to earn $30,000. Lots and couples are in the same situation just with reverse genders.
Dave, yes there are HRSA grants that offer student loan pay off assistance for 2-3 year of service. This grant is for RN’s, medical doctors, licensed clinical social workers. You have to be employed by a HRSA funded job site. If a person is eligible, they deposit the money upfront and you pay off your student loans.
If you don’t believe me. Look it up. You’re welcome in advance, for the people who need this resource.
Awesome debt free scream!!!
Very very smart ❤❤❤
52:35 36% of all Americans have 0 in savings. 19% have less than 1000 in savings.
Regarding the 30k gift. She can do what she wants with her money. We’d keep it on the low ! She may like this grandchild more lol 🤷🏽♀️
15:00 Going back to that whole life insurance thing, do you have an article or some literature on it?
Google it. Suzee Orman does like whole life insurance either. Term is less expensive for a larger benefit if the person insured dies. Take the difference in premium and invest in a good mutual fund. Or save it for a house or college or to pay off debt, etc.
I don't remember the title of the series, but they have done tutorials, I guess you could call them, on a variety of subjects and there was one on why whole life is so lousy. Basically, you pay a very high price every month, the first two years they keep all that money and you don't have any benefits from it if anything were to happen. The only pay you a very small percentage of interest and they keep the rest. For example we're earning about 10 to 12% annually on our mutual funds and so are the whole life people but they're only going to give you 2% of it. And there are fees involved over the years so you spend money on that and when you pass, you may get back what you put in but he has said that if you had invested that amount in good mutual funds you'd end up with an enormous amount of money more.
should I have insurance on the balance and also insurance of the payment of my mortgage? they are total $130 per month
Nicole - there are a good deal of jobs for attorneys that are less stressful for attorneys - choose those. The issue for you may be what your practice demands and expects - you may well need to do something on your own for a while rather than be part of a high-pressure practice. Real estate and focusing on estate planning are two areas that are less stressful and will certainly be in demand in the next decades as boomers downsize and also re-visit their estate plans.
Experienced the same as a Creative Director. Fast paced ad agency culture and pressure was not for me!! TONS of other options in any field. AND I get to work towards things I love w people I enjoy now. Make the change!!
As a real estate lawyer for over 30 years I can tell you that you are sadly mistaken. Real estate law is extremely stressful with short deadlines and clients with unrealistic expectations. This area has a great deal of responsibility and is an area of practice with the highest rate of claims against lawyers by clients.
@@laurabitnerchoi873 I did not say it was not stressful and I did not say there were not short deadlines. But you are speaking about mortgage and other property buying and selling real estate law. There are other areas of real estate such as writing Deeds of Gifts of property parcels, writing up easements, etc. that are not as time sensitive. I should have been more clear that I was not talking about property sales. She was looking for something that she could do more part-time and could perhaps work on the less stressful aspects part-time for another attorney just to not drop out entirely while she has young children. There are also many templates now available that have all the elements for leases, etc. Admittedly property sales are very stressful!
55:35 Just registered for tomorrow's live stream.
Romans 10:9-10 "That if you confess with your mouth, "Jesus is Lord," and believe in your heart that God raised him from the dead, you will be saved. For it is with your heart that you believe and are justified, and it is with your mouth that you confess and are saved.
First caller… I worked sooo much harder making $30k than i do now making $150k..
That $30,000 gift will be taxed as income. It is a gift. Accept it. Quit worrying about everyone else and how they might respond. You didn’t ask for the gift. She wants to bless you. Don’t steal her joy. She is lovely and generous. Let her enjoy that.
I don't think the recipient has to pay taxes. Neither does grandma (gift tax) if she files form 709 with her taxes. Form 709 is I think why Dave said everyone would find out when grandma dies.
I agree, and when you think about it, she has every right to do what she wants with her money but let me tell you families break up for good when someone passes and it turns out that some got gifts, some didn't...
Every time I hear a woman complain about her husband's income I feel how unequal the expectations are between genders. I make 3 times as much as my wife and if I started whining and complaining for my wife to make more I would be crucified. She is happy for her job and she helps me care for the house and she's a great mom. She's happy for her job and enjoys it so I'm happy for her. Why can't that woman just be happy to have a good man.
Because man is the bread winner?he brings the bacon home ?head of his home?
Because men and women are designed by our Creator genetically different. Women are not designed to hustle for both her and her man. It wears out a woman a lot more. She can hold it down financially for a season or two if the husband's finances dip but on average a woman is going to need close to her financial equal.
Honestly, I agree. Having a good husband is priceless. You shouldn't be able to buy your wife's respect by making more money. Of course money is important, but if you're doing fine as is, there's no need for a husband to give up a job he loves just for status or something like that. It's really messed up, but not every woman thinks that way.
@maxinecoleman8502 Where does it say in the bible that a woman needs her financial equal? Or that she tires more easily from work? Proverbs 31 says this: Proverbs 31:16-18 NIV
[16] She considers a field and buys it; out of her earnings she plants a vineyard. [17] She sets about her work vigorously; her arms are strong for her tasks. [18] She sees that her trading is profitable, and her lamp does not go out at night.
This describes a woman's work. It also says she des not eat the bread of idleness, meaning a woman shouldn't sit around all day doing nothing.
@@elenalazar7767 why?
If it was any other rant, Dave would have jumped on the example where the 15 year old had a Roth IRA at 10 and now she'll be a millionaire at 30 because she started working in her dad's business. If that doesn't REEK of privilege and tax fraud I don't know what does. Terrible example. What a shame.
You obviously don’t understand Roths. Read and study before you comment.
More than $250k is not insured. She does not want to lose her dollars. Part of those dollars need to go to a cd at another institution
Rachel cuts Dave a lot 😂😅.
Not everyone was born into families or environments that even talk about this stuff. They have no true education or knowledge about what to do. Even me, I’m an old gen-exer, and we didn’t have the world at our fingertips when we were growing up, and my family didn’t teach me anything at all. I didn’t even have parents. I did the best I could- went to college in my 20’s, but not for a sensible degree. I got a late start investing. I just didn’t know until I knew. The generation today, as long as they’re aware of what they should do, can do it. But there is a section of the population that doesn’t stand a chance, or never stood a chance. But it doesn’t mean they’re stupid.
Too bad Dave’s face wasn’t in the shot when Rachael started saying debt is a tool.. 😂 (before she walked it back)
freudian slip lol
Debt can be a tool if it's a mortgage.
Dave at 13 minutes: he has arrive….toxic masculinity
“I hear you don’t respect your lazy husband”
Great job Dave
I owe you my future
Thank you
Can the Canadians connect for advice?
I’m pretty sure
@@zuzanaaa Thank you!
They've taken calls from Canada in the past!
You don't have to have all or nothing.. If you live in a modest neighborhood in a northern climate,
you do not have to wait until you retire to have enough money to move down South. You can move to an equally modest neighborhood down in a warmer temperature...
Its mainly emotion that drives poor money choices,relationships would be after that dave
Rachel is trying to get Dave to stop trashing Democrats. Cute. Thank you, Rachel! You are so much more diplomatic than you’re dad.
🤦🏾♀️
As an immigrant I can easily say Democrats are worst. No hope for the future.
My FIL will offer to pay for something but we see him announcing it behind people’s back, virtue signaling, and he’s KING of control when he’s given or loaned money. At my house, NO THANK YOU. Nice to know he’s there if there’s ever an emergency, but otherwise, nowhere near worth it.
No hippie names LOL 😂
I remember when Frank Zappa named his child moon unit and later it didn't seem unusual. But at the time we thought he was out of his mind!
I'm screaming today...I'm free of @35k student loan DEBT.....🎉🎉🎉🎉🎉🎉🎉😂😂😂😂
Well done! Hope you've enjoyed NOT making the payment anymore.
It’s obvious this man walks with God to the best of his knowledge and ability. Always gives sound Biblical advice. On the tithe comment…Malachi 3:8-12 states that blessings and curses are connected to tithe because it belongs to God. To not give is considered robbery of God. And, no….God does not need our money, but the Biblical principal is that we give 1/10 of our income because it does not belong to us. That Scripture also mentions that robbery occurs by withholding tithes AND offerings. So generosity, the free will offering component (a principle outlined in the building of the earthly sanctuary in Exodus 36), is in addition to tithe.
I love your Snoopy/Woodstock icon. Thank you for the further tithe in scripture. I needed to hear that. GOD bless you.
Chase from Mobile, AL: How did you come up with a salary of $150-200k salary? Here in Wisconsin, the top salary is about $50 hourly...that's well below your numbers. I am a from welder although never an inspector. You are citing physician salary.
There may be some geographic arbitrage. If a particular trade is understaffed, income rises quickly
The debt free woman will NOT let her husband speak without interrupting him or putting herself in a star role. "I supported him. I encouraged him". Incredibly self-centered.
Nailed it, I came to the comments to see if anyone else picked up on that
I’m 5k into 115kof debt in 2 weeks. Supposed to be done in a year
I’m sorry but that woman with a $530 mortgage asking if she should go buy a less expensive house or rent because her house is too big…. Just Google what your rent would be or what your new mortgage would be if you moved…
Unless you rent a room from someone and/or have roommates, you are going to be paying AT LEAST double anywhere else. At least! You need to make a budget and sell your new car (im assuming).
You know what they say when you assume?
Rearrange the letters in "assuming" to get "sum gains." @@candyland4021
I would 100% borrow 30 million at 2%... you can put in a savings and/or CD that are FDIC insured at 4 to 5%. I know a bank that did that in iowa that made a millions of cash on a 2 % spread like that.
What works out for banks does not always work out for individual people.
as long as you have the restraint not to spend it it's a brilliant plan... until u get careless and want to spend lol
Some of these callers surprise me with very low incomes like the lady with the $500 a month mortgage and earns $40k a year. She should easily be able to find a job that pays $60k a year. She doesn't have a house problem, she has an income problem.
tithing doesn't have to be to a church right.? a charity for people or animals or environment?
The word tithing comes from the Bible and so that's the context he uses it in. But he doesn't say that you must. He just wants you to be debt-free so that you can be generous. I have a certain amount of money per month that I like to give away or donate. I can't always walk my cart back to the cart corral So I let the one who retrieves the carts know that I will be leaving my car next to the car and I give them a dollar. They're happy and I'm happy.
For a term policy, do you get more than the face value? I thought you only got the face value for either life policy if you died…
Yes, and term is MUCH cheaper.
You know liberals are not evil… Some of us are Christians who just believe that people should be able to live their lives freely and safely without fear and judgement.
I wonder if their advice would change if it were the man making a complaint about their wife's income.. Bethany's call
Vincent why do you want to pay the banks any more than you have too. That 300000 paid off gives you more to save and invest
I wonder if Dave lets Rachel drive her Tesla to his house if the grandchildren aren't with her...LOL.