The First Thing To Do To Get Out of Debt
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- Опубликовано: 28 июл 2024
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I just want to announce that I just paid off about $56,000 in student loans this week. I want to thank you Dave for the inspiration to get that albatross off my back. 🎉. I have no debt other than my mortgage, which is $112,000 balance now. 😊
Step 3 time :p
Congrats bro!!
great stuff
Great job!!!!🎉🎉🎉🎉🎉
Congrats 🎉
As of February 1, 2024, I am debt free! It took me about 3 years over $75,000 paid off
Congrats!
Dang! Congrats 🎉
I can't wait till I become debt free too.
I have 1 credit card(1,600.00) and 1 car loan(22,000.00) 🤞
I can’t wait for my paycheck this Thursday and I’ll be debt free! The peace of mind is almost here I can taste it! Free at last, Free at last, oh mighty God I’m free at last!
Good for you🤸♂️
I AM PROUD TO SAY IM FINALLY DEPT FREE!!!!
7 YEARS MAN!!!!
RIGHT BEFORE I TURN 30!!!
THANK THE UNIVERSE FOR THE EXISTENCE OF THIS CHANNEL...now i can be poor
You have no debt but are still gonna be poor?
debt free poor that's way better than debt poor
@@moneypulative1 ding ding ding
Blessed are the Poor in spirit
@@ashkara8652 Having a median income is barely enough to live check to check in a somewhat shitty apartment in most cities at this point.
Dave is right. That’s how my husband and I lived for a while after we graduated. Both earned six figures and lived with 36k, just like how we used to receive our stipends (18k per year) when we were graduate students. We kept driving our cars what we drove when we were graduate students. In three years, my husband and I saved up almost 250k. It was such an incredible experience to see how fast we could grow our assets.
It's relative. It's tough to live on $36k if you are in NYC, LA, SF, BOS,... Not going to get a lot of housing for that.
@@briangasser973It’s not relative, because if the caller was from NY or CA they would’ve not said $36K but $58K, it’s about the principles based on mathematics, not about the economics based on the state or country.
Do NOT spend the sign-on bonus until the time frame specified has past. If you're let go and didn't work past the date on the contract, you gotta pay that sign-on bonus back!
well most of the time it's prorated. but yea, sign on/relocation bonuses are contingent on working somewhere for a stated amount of time.
I put the odds of them continuing to live like poor college students after he graduates at about 10%. The spend, spend, spend mentality in this country is pervasive.
Laughing give me a break
1 year is a joke, if they make plan to pay off in 5 years they will be fine
@johndone8045 it not a joke. It can be paid off in a year, maybe 18 months at most, if they don’t buy anything they don’t need. Most people who are struggling financially are wasting money on things they don’t need
I realize this is a Ramsey channel, but they have been responsible with money so far (only debt tuition, living on $1800, picking profitable major). They can pay off the debt in more time and enjoy a vacation and living on more than $36k a year.
They’ve been responsible thus far. Put your jealousy away…looks very obvious & makes us all uncomfortable for you. Yikes
It sounds like she is tired of working and being poor, and is itching to buy a lot of stuff to show off that she won at the choice of mate game. But this is what causes upper middle class to end up paycheck to paycheck.
Or maybe with young kids, she wants to be able to take a vacation with her husband and afford an average car. She has been frugal so far but maybe wants to enjoy a middle-class lifestyle instead of living on $1800 a month with a family.
She can do it with 3k per month.
Honey they ain’t upper middle class. Her husband will be making close to 400k within 8 years. Chill
The bigger question is why is he married to someone with so little education?
@catherinewilke5583 what an assumption. She is a stay at home mom. Doesn't mean she doesn't have an education! Waoh!
Dave almost never factors in taxes, especially FICA and Medicare tax. With a $210k salary,, they're looking at about $13k in FICA/Med tax alone. Granted, that will likely be reduced by pre tax health insurance. Additionally, he's probably looking at $30k-$40k in fed and state withholding taxes on top of that. Throw in health insurance premiums and his $210k gross salary turns into $150k net pretty quickly.
Boom!!!
Put your jealousy away too. They’ll be JUSST fine. He will be making 300k in a year.
Let’s do the math. 210k per year salary. 155k in student loan debt, assuming a rate of 7% APY (normal for student loans) equals 166k if paid off in a year. What does that leave? $44k for that year, since as long as it exceeds the standard deduction, you can write off education expenses including student loan payments. That means $44k in taxable income, which would mean $4,815 in federal taxes, $3,366 in social security and Medicare, and state/local taxes would vary. That leaves $35,819 before state/local income taxes, and they won’t pay much since states with the highest possible tax rates also have tax brackets and similar write offs as federal taxes. Living on $30k plus her nannying gig, paying this off in a year is doable. It requires discipline that most people don’t have
Even if that the case; the principle are still the same. He’s telling them to not do lifestyle inflation and pay your debt off
@@Armyreaper 100% agree. I would absolutely live bare bones to clean that up, too. Then even after they pay that off, they should continue to live frugally in order to start building some good margin.
Such a great episode. 💯
As a student for nurse anesthesia he cannot work at all for the entire program. They’re living off loans. He will have at least 250k in debt after another year.. this is why I don’t go down that route. I can make 250k just doing weekend option and overtime + bonus at my hospital.
Where? I've worked critical care for decades and never earned that much (excluding during the peak of Covid), but that gravy train is long gone.
I made $200k one year for travel. But that was during COVID times.
Nurse anesthesia school is possible if you save $100k-$150k before you start. Have that last you three years and you’ll only pull $150k in loans. Pay that off in 1.5 to 2 years with one to two OT shifts a month and you’re set making $250k-$300k for the rest of your life while working 40 hour work weeks and not cleaning pool.
@@tdgdbs1 I work WEO and pick up three extra shifts, so its 60 hours a week. all hours i pick up are bonus. I work in a 600+ bed hospital that has lots of bonus for every hour you pick up. it can be done. CRNA is not worth it unless you save up for years or get it paid for by someone else. the programs are around 250k now plus three years of living expenses comes out close to 400k if you're frugal.
The way she said “oh my gosh” then giggled when Dave said “155 in 10 months it’d be 15k a month”….her eyes went🤑
As they should. This is her life & her money. Good for them!
@@OopThereItIs77777their money not her money
@MamaLove2118 once the student loans are paid off, then they can have some fun with that big income! 😊
I just met you and I love you! This was so helpful. Lightbulbs I didn’t know I had finally clicked on.
I’m currently in school for nurse anesthesia and this makes me happy to hear.
School is crazy expensive. I will owe $150k by the time I’m done. I have the money cash but right now it’s paying for my living and move for when I start clinical.
Great episode!
Congratulations! I’m in FNP school. I hope to pay off my house when I graduate.
Dang congrats but this makes me realize I need to save more for my kids in case they pursue something like this
It can be done! Wife and I paid off 115k in 11 months after I graduated. Keep at it!
A hard working CRNA can make $500K in a year, but then they go and buy a million dollar house and a $140K Cadillac Escalade and then they become modern slaves and they are forced to work 75 hours a week to keep up with their life style.
Foolishness!
Making 500k a year its very very reasonable to buy a mil house, oh well people in nyc buying 600k+ houses making 150k, its not a big deal
Well140k escalade is stupid thou
You'll have no life if you are expecting to earn that much; most new grad nurse anesthetists earn around $180K, on call at several hospitals will net another $100K so $280 is generous no matter how hard you work. I am a nursing faculty and barely clear $100K, far less than TikTokers tell you!
Anybody making a $500k salary in a reliable field like nursing can afford a $1 m house no sweat and a $140k car should be no problem with a tiny amount of planning
She wants to buy a house after he graduates while they’re 155k in debt? 😂😂😂😂😂😂😂😂😂
I was thinking the same thing 😂😂😂🤦🏿 never let her handle my money
The biggest expense of being in debt? The loss of mental health.
I'd be reaaallllyyyy wary of spending a sign on bonus like that a year before starting a job. Things can change a lot in a year, that that could get clawed back if life changes or the offer doesn't work out, it just feels like counting 100,000 chickens before they're expected to hatch a year from now...
Great point, I didn’t think about that
I've been settled down for 10 years. I recently relisted in the National Guard and changed jobs for an additional two years. It earned me $30,000. If you know you're not going anywhere, sign on bonuses are fine.
That man has a great job
He just gave her really great advice. I hope they follow through.
My brother has paid off 50k (out of 120k total) of student loan debt in two years working a job that gave him 45k a year. Lived with my parents, old Honda civic, eating out once or twice a month at most
Love that show!
You can hear it in her voice. But my husband makes $200k. I can spend crazy. Good on Ken calling out wanting to see her work.
Yes but ALL of the debt is his. So technically she is a debt free housewife to a Nurse looking for soft-life.
@@TimeisUp22 So technically all the money he makes is his too. See how equality can work.
@@djpuplex Very True! But she implies he is on board with her plan. lol
@@TimeisUp22 You ain't lying LOL. SMH "her plan" his work.
Where did she ever say she wants to spend like crazy?
Great advice!
The first step to getting of debt is stop going into debt.
210k is 19k a month. After taxes, its 13k a month. Why does dave not ever count taxes?
or interest rate
I imagine because it's the principle: if it takes 14 months or 17 months, the point is the journey and the intention. If you got 14 months in and you're only 3 months away due to interest accrued or slightly reduced payments because of taxes, you wouldn't give up or abandon the plan.
Reality is the plan _is_ viable in 18 months
Live after your needs not your wants. The banks make it too easy to get money from them but only in the U.S. and Canada in Europe the banks are far more strict and thats good.
I only watch when Dave is on the set. Haha! Dave is just straight up blunt and straightforward. His response and advice is just greater than everyone else giving out financial advice. What would this world do without Dave. 😂💯💯
He can be this way because the Buck stops with him. And, he’s been doing this for over 30 years. The others will get there.
He's done America a great service, that's for sure. Millions and millions would be financially adrift without his advice, including me.
I was going to say where can i live for total 1800$s a month. Food basics, rent etc
Not New Jersey
This is so amazing video and it teaches how to make money without interest
Great career choice. CRNA’s make really good money as the highest paid nurses in the country
They make more than some primary care doctors
Whoever reads this who is in a similar situation to this young family, take note from me. I have worked for a major Bank for over 20 years, my role is to manage those in financial distress. Listen to this man.... Please.
I love being debt free! Debt is slavery.
AMEN!! Prov. 22. [7] The rich ruleth over the poor, and the borrower is servant to the lender.
Ditto
It sure is
I’m the grand scheme of things, what’s one more year of delayed gratification? Your future self will thank you.
"pay for living and tuition". So..this is the point. MANY people are taking out student loans to pay for "living expenses". Just remember when people are spouting off these insane student loan amounts a HUGE part was used for rent and Taco Bell.
That’s what it’s for.
@majunior1944 instead of using student loans for living expenses, one could subsidize their living expenses with a JOB
Thank you Dave for this. People with Loans often live very broke in College, if they just continued to live that way for just a year or so more, most would be out of debt within a year. Instead, they go buy all sorts of stuff and then struggle to pay back the debt.
I think Dave missed a very big point here. With that kind of student debt, paying it off early would save a butt load of interest. At that level, probably the equivalent of buying a car. If they can stay disciplined for 2 years, they will be set for life!
Dave hit it. It’s not a math problem- it’s a personality problem
Unlikely they will suffer another year, a 5 years easy pay off plan would be perfect
They can't pay off $155K with $30k. In this situation, as Dave said, don't add more to the problem. He's not graduating until August 2024. A lot of things can and will happen before that date arrives.
I didn't hear Dave say anything about interest at all. He's focused on them paying off their debt, which I totally agree with.
Paying off debt isn't about the interest. If it were just about that then the people who make money off the interest rate / investment return rate spread would be right.
It's about reducing your risks by becoming debt free and then living an intentional, cash based lifestyle.
In norway u have to pay a 1% tax on your net worth after it reaches about 170k usd, 1.1% after 2 million, considering that would you say it is still better to buy real estate in cash?
If they dont do what dave said they will pay them for decades.
These people loves to leave out taxes, insurance, 401k and deductions.
Very true, but when you are in such debt, it is better not to put anything in 401k or any return during that period of time of 3-4 years. Just put that money into debt. Long term wise, that 3-4 years will not make a big dent.
@@jml9550 Over 30 year's, not investing for 3-4 years can mean hundreds of thousands. or millions.
20k a year, at 10%. Is 3.6 million.
29 years, 3.26 million.
26 years, 2.4 million.
You will be out 1.2 million.
@@jml9550 You should still do an employee match while in debt.
@@LegDayLas Personally I didn’t during that 25 months of paying off my $328k mortgage, even though my company was matching 5%. Sure I missed the 25 months of 5% matches, but I also saved $60k of mortgage interest by paying off my mortgage much earlier.
@@jml9550 Things working out fine for you doesn't negate the fact they would have worked out better had you used your match.
Dave’s math is off. $210k after taxes they can’t pay $15k a month.
He never said they CAN pay $15k/month. He said that if they were to pay it off in X amount of months, the payment would be X.
Why not? Student loan payments are tax deductible. It can definitely be done
Between fed, state, SS, and benefits, expect to take home around 70% of you gross income. After you pass a certain income, student loan interest is no longer deductable. He is close to that. They can pay off the loan in 2 years easy but not in one.
Agree, not possible as a W-2 employee. Different story when you run your own small business. The first $200k you should only pay about 10% on if you structure everything properly and hire a killer CPA.
Exactly. People criticize Dave regularly, but MOST people entering a 200k a year lifestyle are technically broke in the 2nd year with bills they can barely pay.
I was starving and I lived next to a food pantry I would go to bodega to get a pack of ramen and I’d have some dizzy hobo asking me for my last dollar I can’t describe how hostile that would make me. Moved far far away and doing really well paying less in rent. And making more. I have two trucks. All the tools I could want. Too much work to keep up with. Things change a lot quicker than y’all think. A year ago I couldn’t afford the electric and food. I want to buy a house next year. It starts small. Nothing happens quickly. But once it happens it snowballs.
That's what you need to do - beans and rice until the debt is gone. That's what we did and now we're good. We also moved from a more expensive area.
This DEFINITELY needs a follow up call to see if they did the DR way or fell into then temptation of gluttony.
Dave Need your thoughts. I just retired on November 31st 2023. I have 128 Tesla shares worth about $33,000 as of now. the purpose for buying the Tesla stock was to pay off the house at retirement I owe 34,000 and have A 2.75% fixed . Should i keep the Tesla stock or pay off the house? Just looking for your thoughts
If it was consumer debt, he'd say sell the stock and pay it off. Since it's mortgage debt, you can keep the stocks, although he'd advise not to invest in single stocks and instead opt for a high performing mutual fund.
This is excellent advice. Interest rates could rise much further. It is crucial to get rid of debt because the interest will impoverish you. Between taxes and interest you will continue to accumulate debt if you don’t pay down while you can.
Exactly. That’s why you pay off all debt first, because you can’t out-invest most consumer debt.
The other reason to pay debt and use less credit cards is to preserve some peace of mind.
i make around $90-110k per year (depending on overtime) and have no debtor payments of any kind. i feel really wealthy on that. i cant possibly imagine how $250k and no debt would feel. youd be a millionaire in like 4 years.....
As long as that lifestyle creep stays down!
I understand they live in Milwaukee but I still don’t know how people monthly payments are $1800 with a child
Not sure why Dave doesn’t configure taxes when people share their salary
Thankful for paydays but hate when payday comes because never enough! Always in the - jobs are hard to find! Ugh!
I’m 50 k in debt and have to pay it off asap. How can I do this?
She scored. She should hold onto him and treat him well. If he does travel CRNA, he will make $400k easy. Speaking from experience.
He could have done better. Marry a classmate. This girl makes diddly and has no education
Dave is telling you to do everything he didn't do.
Because everything he DID do would cause 99% of his followers to lose everything.
That’s the point. It’s called “learning from your past mistakes”
@@nicholasselke5214 BINGO!!!! 👍🏿
210k starting for nurse anesthesist in that States. Good luck trying to make over 60k in Finland in the same job! Now this is just nuts.
Yup in Virginia they offer 230k before graduation
The job doesn’t exist in Australia 🇦🇺
Our government now accumulates $1 TRILLION of debt every 100 DAYS. What example does this set for its people?
Not a year but more like 18 months to 2 years….taxes take a chunk
I think when she said $1800/month, she wasn't including the rent, so they're living on around $3200/month. It seems unlikely that they'll make it to August 2024 without borrowing more. On top of that, they've already been talking about getting a house and she brought it up 3 times. Will they actually live on $3K/month until the student loans are paid off and not take on more debt for things like new cars after the husband starts his new job? Not likely. That's why Dave said "Please do this! Please! Please! Please!" at the end. He knows.
They need to live like broke people until the debt is paid off.
It's not like they wouldn't be able to afford it.
@@jimmymcgill6778 the problem is they will go into so much more debt that afterwards it will feel like a grind to get things paid off. 210K starting is before taxes so in reality its a lot less than that. Add a 500K house payment because the agent will say you can 3X your income, a few car payments, other consumer debt and now everything will feel like they are living paycheck to paycheck. I feel bad for some callers, I really do because you can hear it in her voice when Dave gave her the shock on living like broke people and getting this paid off quickly and living on what they are living and she said, "Really". It is not her fault 100%, the people around us, lack of public education on these topics and society in general have normalized this that when they hear it for the 1st time is shocks them. How many people like her have called the show with great incomes and they cannot breathe because everything is financed to the max and no savings yet make well over 6 figures.
She said rent is $1400, and guessed that total living expense per month is $1800
@@damondiehl5637 Except that "total living expense" by definition _includes_ rent.
How can these people not figure this out on their own?
Not everyone is as smart as you.
Hell pay 50k + in taxes. Maybe more depending on the state
Yeah, exactly, if they’re living in a state without taxes, they’ll bring in $165k after tax. Living on $3k a month leaves them with $129K a year to put towards loans. This will only allow them to pay it off in around 2 years. If he signed a contract in a place like NYC (hope to God he did not), then that’s another ~$20k in taxes, and then that $3k will only cover the bare minimum (or less) rental for a family of 3-4
@@mogamethanu 100%
Back in 2012 I only had $5k in student debt, family got a college fund for maybe 1/4 of the tuition cost a decade prior.
Today I wouldn't even go to college with how absurdly expensive and woke it is along with less guarantee to get a job in the 6+ months after graduation with 1000 applications...
So many things wrong with the economy right now.
Shes got it made in the shade
I need help 😢
She's not a nanny. A nanny has training and higher level job duties that can't be done with an extra 2 or 3 of your own kids being brought with you. She's a babysitter. She may even do drop off care in her apartment. The ditzy laugh is killing me.
He ended how I was feeling, "Please do this, please, please, please!"
I want to live in Dave's world where taxes are next to nothing!!!
I bet you don't even know the % of federal tax you paid.
I know that if you make 210grand you ain't bringing home 205grand!! Douchebag@@gsman1
@@gsman1 I bet he acts like taxes and inflation eat up 99% of his paycheck.
Dave : " High earning equals the choice of a good career field". What if I want to be a priest or high school teacher?
You don't listen to the program, do you? Teaching is the #3 job for becoming an everyday millionaire.
I've been listening to Dave since 2005. It just annoys me how Dave makes a big deal about somebody calling in with a high income. Where does that leave the rest of us ? I don't even make close to 250k a year. I guess that he would not be very impressed with me even though I make six figures.
She should get a weekend job delivering pizzas
No she shouldn’t
Yeah right ........... 🙄
The easiest thing I did was to balance transfers
Someone that puts question marks at the end of sentences when they’re not asking questions: i can’t take them seriously.
Think very hard before pushing pawns because they will never move back ever again
Dave underestimates the taxes this guy will have deducted from his income. There’s no way he will clear $15k a month
I will never understand people that have college debt to pay off and are considering to buy a house. Or even any other type of debt.
Just think where you will be one this is paid off and your making 200k+
You will have so much more and so much freedom because you prioritize paying off your debt.
Yes its crazy how much debt people are in.. having 150k in student loans then get their first job and get a BMW and buy a house 😂
200k isn’t shit for a household income anymore
Most people today don't have the will power. Today's generations want it now.
@@bb-1359LOL 😂, sure pal. Millions and millions in the US get by on way less than 200k and are happy.
@musicman7297 im at 130k 2 paid off cars and a house no debt living good 👌
$155k student loans today, still has at least 1-2 more semesters/quarters til graduation. debt free in 1 year will be perfect scenario with that much student loan debt and they are very strict with their budget. With kids and life, the odds are against them to pay off debt in 1 year. thanks for sharing.
They can do it if they really want to.
Maybe it'll be 12, maybe it'll be 18, maybe it'll be 24. The point is they can pay these off QUICKLY and have the rest of their lives to invest and pay for a house!
With her giggle.. I bet once her husband is making 200k, they will buy 2 Lexus and also a 500k house they can't afford
They’ve been responsible thus far. Please put your jealousy away
You can tell all that from a giggle..
Who says they've been responsible?@@OopThereItIs77777
210K is 130 after taxes
Yeah... They ain't gonna be repaying any debt. Her voice tells it all.
Paying it off in 2 years is more reasonable
So noone works full-time and their takinh out studen loans for living expenses.😅
It’s very hard with nurse anesthesia school. It’s like asking a med student to work full time while they’re doing clinicals.
He never answered her question about the bonus money.
Loan forgiveness 80%
Once again Dave ignores the inconvenient truth about income and payroll taxes! 😂
Dave ain't the idiot borrowing money. Don't worry..they will default on their loans and the taxpayer will be forced to pay for it and you will be happy.
@@danielrn133 Yep, because that is what would make me happy. 🙄 Your wife must be a special woman to put up with your nonsense Daniel.
No, he doesn't ignore anything. You don't think he knows about taxes? Of course he does. But they are small change compared to the real problem.
Truth.
@@danielrn133 I’ll bet that “idiot”makes at least double what you do in the coming years and when it’s all all over has 10X your wealth. 🤣
Why doesn’t Dave ever factor in taxes when he’s telling people how fast they can pay off debt? He actually said they could pay 15k/month toward the debt on their $210k annual salary. Sorry, that doesn’t math. I make a bit more than that and (without retirement deductions) my take home is less than 15k. C‘mom, Dave. Stop with the verbal auto-pilot.
🤥
You do realize taxes vary from state to state right?
He didn’t say they need to pay 15k a month, she asked what the payments would look like and he gave multiple options for how much would need to be paid in X amount of time.
Taxes also vary, and for him, taxes are going to be much lower as head of household with a wife and multiple children than someone single with no dependents making 210k gross.
@@MrJimmy3459 You do realize he could at least factor in federal whish is the same in every state.
Yes, I realize taxes vary among states. I’m in Indiana which has favorable tax rates. And her told her they could be debt free in a year - I suppose they could if they didn’t eat, didn’t need to pay for housing, and didn’t need any kind of insurance…..
I love how people with massive debt talk about buying a house 😂
If they were smart, after they pay off the debt in a year they should save for a few more months and buy a house straight up.
Get a $300k starter home, do basically a home ownership trail run for a few years in a small house and pay it off fully. Then they are 30 with a paid off house and no debt and making $300k a year by then and can get a freaking mansion
Debt is debt. That $30k sign on bonus is debt.
It's only debt if you break contract.
@@LegDayLas They give you $30k and if you leave I’m less than two years you owe it back. That’s debt. Plus the places that give you an upfront signing bonus typically pay less so in the end you are better off not taking it.
@@edhcb9359 Exactly, It's only debt if you break contract.
If they live like that for 5 years, they'll also have a half million in the bank.
Not easy to live like that when you are making that kind of money. The temptation is real.
lol they r gonna do the total opposite what Dave told then to do
If they do Dave's plan, realistically it would take about 48 months.
Realistically it would take 24-30 months if they're determined (which would include an increase in income)
Let’s do the math. If he has $155k in student debt and his interest rate is 7% APY, he’d pay back $166k if it’s paid off in a year. He’ll be making $210k per year, which leaves $44k left for the year. And since student loan payments are tax deductible, that means the first year would leave them with $44k in taxable income to live off of. This can be done in a year
I paid off $75k in 14 months making about $150k. 15 months for them would be aggressive but I think ~20 would be very doable
Her asking about repayment plans and balking at $15 k / Mo makes me think they'll have this debt for a while
@@nicholasselke5214No, it can’t. He won’t be bringing home $210k AFTER taxes to use on living expenses and paying down this loan. There is no extra $44k left over to live on. He will likely be bringing home around $160k or so after taxes and health insurance, etc. This will absolutely take more than a year.
They make 1,600 from just her job. I would put it in savings.
19k a year...
@@analyticalchick3064ANd? That is still 1699 a month.
How a nurse can earn that much ??? Wooaa, god bless the us. How much earn an Md anesthesith ??
Most importantly, do not have a kid until the debts are paid.
She said she was a stay at home mom. I'm assuming she has at least one child.
You don’t listen. She said she is a stay at home mom.
More importantly, mind your business. She can have as many as she wants and that’s never Dave’s advice. He never tells a married couple to wait to have children
Oh yeah! Women don’t have kids until your 40 you need to work and build up a savings for years before affording tbat. Get yourself on fake hormones to stop your natural cycle and then when you want kids spend thousands on IVF and hopefully it works! And you’ll love being 50 with a 10 year old! Or we could all just stop having kids that way the human race will just die out it’d be better for the planet anyways 🫠 Our modern society is not aligned with biology at all, it’s all unnatural and not the way humans should be living and this is why so many are depressed smh
Not true.
Dave is so right on this one. Great advice.
I agree, I sure hope that she takes it to heart and actually follows it.
sound like a fake calls
96th, 17 December 2023
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I think it's hilarious that adults call in just so daddy Ramsey can make them realize how childish their behavior is. My money would be on them not listening to him and going into more debt lol
The fact she doesn't see not spending more money a month as an option already. Good luck..
A nurse what 😂
They did not do it
If every person followed Dave Ramsey's advice the USA would go into the deepest recession ever and the FED would not be able to reverse it as no one would be borrowing regardless how low interests rates are.
Haha, everyone knows that is not going to happen. I wonder how many listeners of Ramsey actually follow his advice of getting debt free and living without credit. It reminds me of weight loss and eating better. Everyone wants to do it in January, but few finish the year meeting the goal.
You don't seem to understand economics at all.
@@gsman1 There are two general types of causes of economic recession: supply shocks and demand shocks. Dave Ramsey advises people to avoid borrowing money and paying off debt. If everyone did that there would be a demand shock to the economy as people would not be going into debt buying non-necessities thus decreasing the demand for goods and services. If new money isn't being created by people taking out loans and old money being destroyed by paying off debts there will deflation as the money supply shrinks. In a deflationary cycle people stop spending and start saving as the money is going up in value further discouraging spending and expanding the demand shock.
@@briangasser973 I know people are not going to follow his advice in mass but if people did follow his advice we would have a major recession.