"You Guys Are The Most Completely Chaotic People I've Run Into In A While"
HTML-код
- Опубликовано: 11 июн 2024
- 💵 Create Your Free Budget! Sign up for EveryDollar ⮕ ter.li/6h2c45
📱Download the Ramsey Network App ⮕ ter.li/ajeshj
🛒 Visit The Ramsey Store ⮕ ter.li/7vyom2
📞 Have a question for the show? Call 888-825-5225 weekdays from 2-5 pm ET or send us a message ter.li/n88ly5
Explore More Shows from Ramsey Network:
🎙️ The Ramsey Show ⮕ ter.li/ng9950
🍸 Smart Money Happy Hour ⮕ ter.li/9gcp3d
🧠 The Dr. John Delony Show ⮕ ter.li/2u3mc0
💰 George Kamel ⮕ ter.li/1elws8
💡 The Rachel Cruze Show ⮕ ter.li/n2u6jc
💼 The Ken Coleman Show - Highlights ⮕ ter.li/1rbjr2
📈 EntreLeadership ⮕ ter.li/ktxv2k
Ramsey Solutions Privacy Policy
www.ramseysolutions.com/compa...
One of the many reasons I listen to the Ramsey show is the fact that the callers seem to always make me feel outstanding about my life choices.
Yeah..I agree....most callers make me feel like Einstein to be honest with you....which is pretty sad.....
Ha ha ha. Sooooooo true!
Unfortunately the bar for financial literacy is very low.
😂
They remind me of where I was and why I never want to go back to that!
I worked with a lady who said she couldn’t afford new tires for her car but spent $10 a day at Starbucks. All those “little” purchases daily can add up.
I guarantee they’re eating out too much and buying expensive drinks. 🤔
Yup, this is small purchases adding up to hundreds a month for sure.
Facts
You can buy "to go" cups and make your own coffee for a fraction of the price.
@@bettyroberts4156
I have a couple of insulated “to go” coffee mugs that I take with me everywhere
Yup. Just do the math $10 x 30 = $300 per freakin' month on coffee you can make at home for $1 per day.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@lennoxmutterick6434 Oh please I’d love that. Thanks!
@@Lourd-Bab Judith Ann peace is her name
Lookup with her name on the webpage.
"Don't talk to me about style, you're broke people"
-Dave Ramsey
Thought of my alma mater when I heard that line
😂
The people that call in with no preparation on what they’re going to say blow my mind. Also people who make over 100k per year and can’t pay their bills. $222 and a blown tire overdrafted his account? Something isn’t adding up.
Their math isn’t adding up. 😂
Being broke on 100K a year isn't that unusual or unreasonable here in the Bay Area, or other expensive urban coastal areas. Wichita, though, is a different story.
@@TheSoulCrisis The math ain't mathin'.
@@nadiar.7788
Yep probably eating out and shopping, gyms, subscriptions.....
I was a drinker until age 35 and went into debt twice. I'm down from 31k to 13.5k getting my welding experience at the same time.
I don't know you brother, but you can do this and I wish you the best. Congrats for taking control of you life.
That’s great. Welding should serve you well, lots of demand if you acquire those certifications and move on up.
@@cesardejeronimo8184 I've seen it before. I did about 10 years of clubbing. Unfortunately I was approached more often by wives.
good job dude
Awesome. Congrats.
You've got to love how Dave cuts to the chase and gives order to the chaos. God bless him for helping so many people from themselves.
Cole- hang in there!! This process works.
Tell your money where to go so you know where it went.
YOU CAN DO THIS!!
I don't understand how people are making 100k, and they are broke, and living paycheck to paycheck.
People are insanely irresponsible and spend too much. Someone out there is saying that about people who make 30k.
You think 100k household income is a lot? That’s below average.
@@dmbgator86 Wrong. 2022 average US household income was $87k.
With essentially bills under 2k... crazy
People in third world countries are saying: “How could someone who makes $15 an hour possibly be broke?? I make $15 per month!”. Truth is, broke is a mindset/spending habit. NOT a paycheck/bank account balance.
Whenever i feel down about myself, I come and watch these videos.
this is a lot cheaper and more entertaining than going to a therapist 😂😂😂 everytime I hear one of these financial train wreck stories I feel much better about myself
Me too!! 🙏🏼
I feel like such a fully functional adult listening to this show
Same
Me...2
Great advise
Same. Whew. Lol
😂😂😂 Yeeesss it’s insane!
I like Ramsey’s quiet “ummkay” as he channels his curmudgeon energy into his metaphorical whip.😂
He was waiting for the $60k car loan or $300k student loan to drop, seemed like he was disappointed it didn’t 😂
🤣 Awesome !!
What!!? $1050 mortgage! That's insanely cheap. Average American just can't make a budget. We need mandatory financial education in high school before kicking them out into the real world, bc the real world will eat you alive if you're not on top of your stuff.
But graduates know the difference between magma and lava which helps a lot during volcano season. 😂😅
@@lanaj1107 And cloud names to know when rain is coming, lenticular aaaaand... Fluffy🤣🤣
Right!!
I’ve been living on a budget since high school and it was all self taught. It’s not rocket science to add up your bills and subtract from what you make. Then spend accordingly.
It's a mindset as much as it is an education. The mindset comes from the parents and the friends.
I love how Dave is on your side. He can hear how someone is just overwhelmed, gives them a kick up the butt then gives the pep talk.
50% of people making 100k or more live Paycheck to paycheck and can’t afford a $1000 emergency. This show proves this statistic everyday. So happy I found Dave learned how to budget and became debt free 😊
Where did you get that statistic?
This man was about to only eat delivery food every night if Dave didn't step in to correct the misunderstanding.
🤣🤣🤣
It’s always hilarious to me how Dave says “ No I’m not making fun at you,” then laughs hysterically 😬😂
😂😂😂
Haha it is funny because Dave is not being mean, he is being honest, something people do not w ant to hear or never got someone to tell them the truth.
He's relieving stress. Some of these callers really get to him.
I love when people call and Ramble and just watching Dave boil.
These sorts of calls are always a little frustrating. I want to know where they are spending money. They call in completely clueless about how to make their basic needs, but make $110k? I mean, how does someone with that income overdraft on $220?
They overdraft because they don't have enough funds in whatever account is being debited from. Has nothing to do with income. $110k is enough to get by on but it's not a huge amount, especially with the rising cost of literally everything.
@@silentnot4812 You nailed it, he has no clue where his money is going or how much he has.
@@silentnot4812🎯🎯🎯
@@Lon1001 even if inflation was 10% it still doesn’t make sense. He is hiding something
@@Lon1001 It have to do with financial management. I make half of his household income, and my monthly bills with is a mortgage and car note is only 25% of my income. When I was married and monthly income was doubled this family, we live paycheck to paycheck. He was financially irresponsible but will admit, the best thing I got from him was an excel budget that I still use today.
People really need to at least have a budget plan before calling. You’re having money problems because you have no idea where your money is going to. It’s really not that hard.
Yeah he didn't even know how much money they make.
@@johannesswillery7855 He clearly did.
That's most people even those with degrees. That's why I'm against student loan forgiveness. They make enough to pay off their debt, but they're such disorganized, impulse spenders, that they end up in the hole.
Hosts: 4:15 What put you in this mess? Are you spending a ton?
Cole: No, No
Me: I almost choked on my rice and beans while on baby step one
😂😂
😂😂😂 hahahah
Love when Dave gets fired up about helping people. You could hear the hopelessness in this guy’s voice. Truly just about getting organized and getting out of his own way.
Situations like this I wonder how much is spent on alcohol. People never seem to count that
I make around 130K after tax. I spend only 30k and save 100k yearly for my early retirement.
As a single male, I don't need a big house and a 60K car. 30K is more than enough for me.
They need to get their act together. Do a budget for gods sake. Control the money.They are bringing home 5K or more a month after taxes and all. You can't live on that in the location they are in? Come on.
Don't bend it, it takes a left-handed twisty to work properly.
They are bringing home at least 7k. And their mortgage is nothing. Something strange is going on here
@@hammanta For me and my buddy Hunter, I mean 'Gunther' it was hookers, coke and sweet, sweet whiskey.
@@hammanta I was going to say the same thing. They are brining in much more than $5k a month. A major problem is people are living outside their means. $100+k is not poverty level income.
@@iamkesha. around 5k sounds right. I make 112k and bring home close to 6k a month after 401k and others
"If I gave you 10,000 dollars to look at these people's budget and come up with a plan on how to fix it. You would have it done in an hour and half." Really insightful way to look at it!
After years of living on a budget, knowing what I owe,when its due, what i have coming in and when, I cannot imagine living any other way.
I agree 100% I wouldnt know how to start the next month!! I could not live in such a choatic state ?????!!!!
“Live within your means” best advice ever. I was in their place once. Now I’m not.
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?
Thanks for the efforts you put in these. I found her and i leave her a message i await a response
Honestly if they ate at home they could probably be out of debt soon. I guarantee they never eat at home. Wanna know how i know?? That’s my problem lol 😂
Yep. This is where most horrible money habits start... laziness mixed with lack of planning.
Mine is vacation😂
Have you started cooking at home already?
Restaurant food is not what it used to be. It's much better to make homemade.
@@hastycontemplation much better
These segments are so valuable and encouraging! Thanks
They have a TON of money just disappearing somewhere. That's like 10k a month in take home and like 3k in bills.
it's about $7k in take home.
Keith your math is a bit off bro.
@@Lon1001 not even that. ~ 6k lol. I make the same
@MrBean - totally agree. My wife and I jointly make right at $175K a year and take home $8500 monthly. People seem to forget about all the deductions as you itemized. Now I’m not complaining. Our take home is very good money for the area of the country we live in.
Still never said where all that money is going to.
Yep. Dave did not dig deep enough this time to the to the bottom of the problem
And?
Jimmy McGill that was the problem...the guy didn't know where all the money is going to, because he and his wife don't have a budget.
@@robertjetski8736 Apparently (at least from the video I just watched) they surmised that the problem was that the couple don't have a budget, and are very chaotic in their spending.
@@Sheryl777 The guy is NOT in control!
You can do it Cole! Sacrifice in the short term to win in the long term 💪
I love it when Rachel cracks up.
I work with someone who spent $17 a day on 2 iced coffees and a pack of cigarettes. I figured that over a year, she spent $6500. She could have doubled her mortgage for what she was spending on throwaway items.
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
I checked Jenny Pamogas Canaya up out of curiosity and i must say i am impressed by her Credentials
Go with a registered, well established company, not someone you don't know, who is name dropping on the internet ( and probably being paid to do so )
Scammer
I enjoy how blunt Dave is, well done....
BTW if the wife isn't on board, this is all for naught.
I make similar money, and with $900 in car payments and $2200 in mortgage payments plus all the regular bills, I put over $1k in savings every month. These people must be spending like crazy people on everything they could possible buy.
I’m guessing he’s spending his 60k and she’s spending all of her 52k and that’s life.
@@grantv2313 Yes, I'd be willing to bet they each pick up a ton of lunches and coffees on the go along with eating out at least a few times a week. That could quickly become a couple grand a month.
$900 car payment??! The most I ever paid was $168 a month for a car payment.
@@ErichH68 what year was that in? $168/month is only financing about $8000.
@@dougf9900 2010
It's for sure something missing here with his story about their finances
I agree with you.
You ignored him saying *300 a week in childcare*
They likely shop a lot and eat out a lot. 80 bucks a day in food is 2400 a month.
At my son’s high school they teach Dave Ramsey and budgeting. It should be mandatory at schools. If you want kids to succeed and not be broke, you need to teach them.
The reason they don’t teach this is because saving money doesn’t make good consumers.
I found Dave Ramsey over 10 years ago with $125k student loans on my back. If I didn’t take things seriously, I would probably still be making payments.
The plan works. You just have to behave yourself.
Incredible ❤❤❤❤
Rachel was holding back that laugh in the beginning 😂
lol deliver uber eats.. dont order.. cracked me up!
Dave's face at 3:12 is hilarious 😂
Dave's face is hilarious throughout most of this lol
Dave cutting to the chase. And giving the man what he needs to hear.
I still don't understand where their money is going...
If he doesn't know where the money is going it's probably being frittered away on useless little things they don't need, eating out, buying coffee at cafes, buying lots of toys and clothes, shopping for junk for the house etc. They need to start tracking all that.
I think this caller is the norm rather than the rarity.
Caller: It will hurt my credit if I don't pay my credit card
Dave: You don't need credit, you are not really good with it 😂
"The good news is, you're the problem, the bad news is you're the problem."
The solution is, sell yourself and get rid of you, and eat ramen noodles.
There is something he isn’t telling Dave
It sounds like he is not good with math and the wife is out having fun with the money. Don't know who Is fooling who!
This reminds me of my life when I was married 17 years ago. Finances killed our marriage. I found Ramsey and she's still just like this. I'm now in bs7 and an EDM and she's still over drafting her accounts. I'm happy and she's miserable, this plan works.
Unfortunately , most women are bad with money. It's sounds bad but it's true since they are more emotional
Imagine thinking selling a car with $6000 left on it is going to fix your problem.... HAHAHAHA
Dang Dave yelled at me with this one. Next month will take a 180 for sure
Don’t be like the people who say, next week I will start working out. Start now.
I think the problem is that these people are just spending day to day without paying attention. I know when I’m not every day, looking at my budget/spending, what bills I have coming before I get paid next, etc., it makes it so easy to get out of control.
I love when Dave said hypothetically that if he paid them $10,000 to develop a working budget and that they would have that done in an hour and a half. Motivation is relative. Be the adult. Budget. Develop a plan and execute. They clearly have the resources to punch through this.
They must be shopping, drinking or eating out like crazy. They got $9k a month income and listed $3k a month in bills. Something doesn't add up.
There is a online gambling addiction size hole in their finances somewhere.
Drugs
I'm sorry to say that I discovered a lot of other adults are still financially illiterate or purposely refuse to actually know where the money is going by writing it down. By the time they grow up and wake up they are 30 or even 40.
I'm floored at how bad some people are with money.
I got a whopper of a story that tops them all.
I can relate to this. They are working and have a young child. New parents. It gets overwhelming. They caught it early enough and will start to feel better soon! ❤
$9000 a month. Seriously....
I do not get it. 🤦🏻♀️
Me neither I live in chicago where inflation is through the roof and I have kids in private school and make less than them
$110k a year does not equal $9k a month. My wife and I make $130k a year and our net pay a month is $7,800. Now with a child, they probably have a smaller tax liability than I do, but still, they aren't taking home $9k a month. At best, $7.5k. BUT, that's still a lot.
Just because they don't owe much on the cars doesn't mean the notes aren't high.
True. They only have $10k left, but we don't know where it started. Still, I don't think it explains the amount of money that should be left in the budget.
And buy only what you NEED - and second hand at that.
This is the video I needed to hear today.
Ever wonder why they made it so easy to spend your way into debt only struggle twice as hard to get out?
Welcome back Dave!!
Rachel expression... "No he didn't" 😮
Put on the song "Seven Nation Army" on full blast on your way to work every morning and get pumped up to kill the debt! Stop spending and start living!
Love that song
How many times is the caller going to say “um”?
Annoying af
I'm willing to bet neither of them can cook and the kids are all on junk foods.
you are such a great person
Chick fil a everyday
McDonald’s is one hellavu drug
Dave I can't pay my bills. We make over 100k per year but we have a medical bill. How much is the medical bill? $200. 😂
When someone has never learned how to handle money or was never taught how to handle money, someone who makes a lot of money can be in a mess. Over spending, not knowing where your money is going.
It's helpful to remind yourself sometimes to stay on track.
These people dont have a clue where their money is going
Not get Uber eats , Deliver Uber eats” 😂😂😂
When I heard 'do Uber eats for, like, four months' - what?!!!
Christmas and a flat tire shouldn’t be enough to break the bank when you make $100 K a year.
What’s going on here?
Well, he started by saying he's going to sell a vehicle. That's an encouraging sign
He sounds like an "I can make the payments" guy. All he needs to do is put his expenses in a spread sheet and organize his mess.
People just don't break it down, a lot of people pay more for Cable, internet, cell phones and other recurring subscriptions then they realize, and it kills their budget! because they don't have a budget.
Then you add all of the Amazon and DoorDash they use.
Yup. If they write it out, they'll likely find places that can be eliminated in order to put the budget back in green.
It's their childcare.
Someone is blowing money shopping!!! It’s like drinking from a firehose, it doesn’t work. At least he’s not in CA with our utilities and housing. I’ll bet they never tried to save. Good luck telling her not to buy clothes, hair and nails done, shoes, stuff for the kids, house and yard, partying with friends, vacation, etc.
You are right. That is going to be a challange.
It will take major will power.
Sidney Bristow, so if you're saying it's all his wife's fault, he also has a part to play in this financial fiasco. He doesn't even know what they're spending money on! And yes I said "they", not just "she".
@@Sheryl777Exactly. These incel men always want to blame the woman but completely ignored how this family spends $1200 a month on childcare. Of course they're on the red with childcare rates like that.
@@amydoran9987 Most people don’t have much will power if they’re also depressed.Buying too much stuff can indicate an attempt at retail therapy. A dysfunctional coping mechanism passed down generation to generation, usually through the X chromosome! 😳
And I’m freaking out because I owe $1,200 🤦🏻♂️
When Rachel is just sitting there waiting at the beginning it’s always just funny to see her waiting for the bottom to drop on the call lol like what are we about to get into here
It's the 300 a week child care. AND no budget
With a lot of people who are broke, it's not necessarily big expenses like an extravagant car purchase or even a house doing that. His major expense costs seem very reasonable and even on the frugal side. Their house payment is barely 10% of their income, which is nothing. It's all the nickel and dime stuff - constant ATM withdrawals for cash. Eating out constantly, even for lunch every day vs. bringing it to work. Starbucks. Cigarettes. Booze and hanging out in bars. Entertainment and waste over BS you can't even remember, and items you don't even account for. Gail Vaz on the Canadian show "Till debt do us part" always used to itemize their cash ATM withdrawals and miscellaneous daily charges, and the numbers were always astounding.
You can do this. Just forget what others think and follow the steps.
When you take a debt you take a debt. That means you must pay. If you do not pay I see as stealing money. Do not borrow if you cannot pay. Do not borrow on what you "plan on making" that is not going to work
I had a buddy that delivered pizza. At the end of the night he'd bring home pizza that people didn't pay for in the trunk of his car.
He was so sick of eating pizza everyday that he started passing them out in the homeless community
they need to learn how to "act your wage"
Love this one.
'Team Dad and Daughter' moment.
Hahaha you’re the problem, you’re the problem! Lol 😂 did he say this is awesome? I guess some people just need Dave to yell them into shape. I get it. You can definitely do it. Good luck sir.
How has this guy have no idea where this money is going. He could be debt free in 1 year minus the house yet he thinks selling a $6k car will get him debt free
What scares me is that they make more than most people and they can’t figure out how to pay the bills !🤦♀️ and they vote…….😅
Keep up the good good.
I love Rachel's expressions starting at 5:21 . Adorable.
Getting organized will definitely help them clean this all up in like 12-18 months
i was in a similar situation as these folks. no huge debts. nothing glaring. trying to be frugal and not doing a bad job...but oblivious to some small things that come through frequently, such as child choir t-shirts and field trip the parents "must" pay, $5/person for entry at their kids sports events and the gas to travel around, etc. these are all things we convince ourselves to be necessities, when our great grandparents would say hell no they're not. that is one thing you need to remind yourself of.
another thing i didn't connect early is on is that my 401k contribution needs to stop, roth/ira contribution needs to stop, and kids college fund contributions need to stop. NO RETIREMENT CONTRIBUTIONS until the other crap gets paid. this just didn't click with me right away. so this would probably free up $1-$2k/mo of their $115k/yr before tax household income, to redirect to debts. do it and automate it so that it comes out of your paycheck immediately, just as retirement contributions would, so you can't screw it up.
Retirement contributions are the last thing that should go, you lose money on employer matching if you don't pay them. That's like taking out a loan at a massive interest rate
my household combined income is 60k. New house in 2022. 2.85% no other debt and we put 2k a month in savings. We don't live like we're Kid Rock
with a 110k income and such crazy low living and housing expenses and such crazy low car payments where is the money going?? There has got to be a drug or gambling problem eating at the money or they are just spending many thousands a month on eating out. Probably eating out for lunch and take out dinner everything night.
Shopping addiction