How Much of Your Lifestyle Will You Sacrifice To Get Out of Debt?

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  • Опубліковано 25 гру 2024

КОМЕНТАРІ • 178

  • @somenamelessdude8095
    @somenamelessdude8095 12 годин тому +42

    I may be broke, but the old truck is paid for and I'm debt free. Merry Christmas

    • @joycewright5386
      @joycewright5386 12 годин тому +7

      Same here! Our truck is a 1987!

    • @unfairsanic5089
      @unfairsanic5089 12 годин тому +6

      My toyota corolla 2013 is paid since last year, loving it with no car payment, merry christmas

    • @HockeyCoyotesFan
      @HockeyCoyotesFan 11 годин тому +7

      debt free and own your truck, you're wealthier than most americans.

  • @untouchable360x
    @untouchable360x 14 годин тому +37

    Sacrifice is never easy or it is no true sacrifice.

  • @Jahaad305
    @Jahaad305 Годину тому +34

    I Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week 2024..... now i just hit $12,590…

    • @HangLaw-v4n
      @HangLaw-v4n Годину тому

      How please can you explain because I've been making a lot of looses trying to make profit trading.

    • @Jahaad305
      @Jahaad305 Годину тому

      Weekly trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Bernila Andrew, restored hope shes a good woman

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      @TtradeTan Годину тому

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      @WaterUdu Годину тому

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    • @RayannaGandy-y8j
      @RayannaGandy-y8j Годину тому

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  • @Calibrownsfan
    @Calibrownsfan 13 годин тому +29

    I don't understand how so many people making a ton of money can be in debt/broke. I never made more than 45k in a year and i don't have any debts. So much wasteful spending..

    • @siddheshmirjankar910
      @siddheshmirjankar910 13 годин тому +6

      That's cause the belief that lifestyle increase should be proportional to income increase is ingrained into us societally. Following this channel, I've heard callers making 30k a year getting by. Now imagine if someone making 150k lives like he makes 30k, he'll be a multimillionaire by the time her retires considering all that money he can invest

    • @rabidgoon
      @rabidgoon 13 годин тому +5

      This guy isn’t broke and he is clearly in control of his debt. He just wanted to call and brag about his hunting gear to Dave so that he could hear his voice on this show. He said that the car is worth 32K but he only owes 20 K on it so he’s clearly making more than the minimum monthly payment and he claims that he doesn’t have any other debt at all. So what we have here is not really someone who is in any type of financial trouble, but just wanted to hear his voice on the Ramsey show.

    • @Tehui1974
      @Tehui1974 5 годин тому

      I agree. For a long time I was not making much money, and I used to see other people wasting their money, while I stayed debt free. I'm on a good salary now, and I've not forgotten how hard it was to struggle.

    • @Jane-rh7tc
      @Jane-rh7tc 3 години тому

      humans are flexible, some ppl can live on even less than you and may not understand why you need 45k/yr to live. In this country ppl think 3 yr old should be completely pampered and protected and can't do anything except walk arnd the house being babied. But in some parts of the world 3 yr olds are already cooking and doing house chores in order to take care of handicapped/aging adults cause there's no one else they can rely on. The point is, you can make half a mil a year and still be in debt, or having only 20k/yr still live happily, both situations can happen very legitimately

  • @donnaallgaier-lamberti3933
    @donnaallgaier-lamberti3933 12 годин тому +10

    We moved to a very rural and very poor community for 20 years in order to get my NEW husband out-of-debt (at age 50) to live on our just $50,000 annual income and build equity that all together allowed us to save very hard for our retirement. This was a huge sacrifice but one that we achieved through hard work and sacrificed for our future Now at age 74 and 79 we are in out retirement years and have enough to live on hopefully the rest of our life.

  • @joshuakelleher-bw5dg
    @joshuakelleher-bw5dg 13 годин тому +18

    I have a friend who’s in debt. He wants to go out to eat all the time. I always offer to cook something at my place to save money. Cooking at home saves me a lot of money in the long run.

    • @mathematician1234
      @mathematician1234 4 години тому +1

      Excellent. It is also often healthier to cook at home.

  • @sharontabor7718
    @sharontabor7718 13 годин тому +11

    My parents grew up in the depression. I was reared with the principle of "Pay for your needs", your wants come last. I've used that priciple, and have splurged a couple of times on extravagant vacations. I've never earned more thatn $50K. I have 2 houses (one provides passive income) and zero debt. I have $1M in assets. K.I.S.S. This guy doesn't want answers. He wants validation for his decisions.

  • @travr6
    @travr6 13 годин тому +9

    If you need all that equipment, you aren't a hunter.

  • @susansunflower
    @susansunflower 12 годин тому +12

    Just pay it off, dude. Why did you call?

  • @JakubVacek42
    @JakubVacek42 13 годин тому +8

    Easiest decision, just 3 months of saving and it's done. If you sell and rebuy it later, you pay at least double to get back in.

  • @rabymaidahsavage258
    @rabymaidahsavage258 14 годин тому +10

    Loved the story: Hunting Gear..."sacrifice the next three months of your life" to pay off your car.

  • @darkskinamerican7826
    @darkskinamerican7826 13 годин тому +10

    I’ve got $25,000 worth of guns, AR15s and tactical gear. I can’t imagine ever having to sell any of my stuff.

    • @Mr.SeanCombs
      @Mr.SeanCombs 11 годин тому +1

      I’d rather have a bit of debt then be completely unarmed

    • @DankZank
      @DankZank 11 годин тому +1

      ​@@Mr.SeanCombs o brother

    • @aolvaar8792
      @aolvaar8792 11 годин тому +2

      Why not sell off 5-10 AR's,

    • @MrSnivvel
      @MrSnivvel 7 годин тому

      @@aolvaar8792 No. Guns and tools are two things a man can sell and will later regret.

  • @peaceforyou-ag
    @peaceforyou-ag 13 годин тому +5

    Perpetual debt is a curse.

  • @foolish_god
    @foolish_god 14 годин тому +4

    That third option addresses the overall issue the caller has with his habits. Perhaps 3 months of consequences will help him remember what caused it

  • @KathleenMcNe
    @KathleenMcNe 9 годин тому +3

    This was a brag call to boast about his hunting equipment. The caller knows he can simply buckle down for a couple of months and pay off his minimal debt. His fiancée should save herself grief and end the engagement.

  • @KoryNWF
    @KoryNWF 13 годин тому +4

    Merry Christmas! 🎄

  • @reneeantwi-boasiako3974
    @reneeantwi-boasiako3974 12 годин тому +3

    Merry Christmas everyone ❤️
    As a Brit, I've never heard coyote pronounced like that 😅

  • @Ian_Beale_Eastenders
    @Ian_Beale_Eastenders 13 годин тому +4

    Rice and beans folks

  • @ChoiceConcepts-c5z
    @ChoiceConcepts-c5z 14 годин тому +1

    I had a similar situation/ collection 60k ~ sold it all off, bought commercial Restaurant equipment, and a commercial location. The only credit card I have is for improvements on said location.
    My spouse hates the fact I invest 98% of what I make I put into myself. Don't do anything but put my $$ towards the assets/ investments.
    Sorry but I will be retired completely at 48. 7 years to go. I already have one pension, and own my home.

  • @LRains23
    @LRains23 12 годин тому

    Been waiting for a Vancouver caller for years lol. 360!!

  • @ChristyWerpy-sl5oq
    @ChristyWerpy-sl5oq 11 годин тому

    I'm retired with a small Social Security retirement income. My car and house are paid off. I had a savings account that got wiped out when I was injured and now have a credit card debt due to medical expenses. I have whittled it down. After watching your "baby steps" vid I'm working on selling off possessions I don't need to pay off the balance. I'm investing what I can into a high yield savings account. Funds are super tight and now I find out that the water, sewer, electric, gas bills are going up 20% in 2025. I'm trusting in God to show me the next step.

  • @Baseballisbest67
    @Baseballisbest67 9 годин тому

    We’ve done insane things to get or stay out of debt. Due to inflation, not enough career compensation, we are back in debt.

  • @gtorres8210
    @gtorres8210 13 годин тому +1

    Right. Right.... Right

  • @kathleenturner7138
    @kathleenturner7138 11 годин тому

    I worked and saved and paid for my education as I went. Graduated with zero debt. Continued to work and save. Paid off my mortgage. But here’s the kicker. I still spend a significant amount of money on utilities, insurance and taxes. Where does it end?

  • @terryhenderson424
    @terryhenderson424 13 годин тому

    The car has a loan of $20k and is worth $32k. Unless it is starting to have a lot of repairs or is a high maintenande vehicle, it would be stupid to sell the car. Assuming that if you sold the hunting equipment and you would then try to buy it or the equivalent back in the future, i can only guess it would cost much more; in other words, you would take a big financial hit. I would suck it up buttercup, keep the csr loan, and work diligently to pay off the car loan over the next months. Maybe not in the next 3 months (20000/3= $6666.66 per month) but close to it.

  • @gordongunz
    @gordongunz 13 годин тому +1

    keep the gear keep the car, buckle down

  • @analyticalchick3064
    @analyticalchick3064 12 годин тому +1

    Just hold off on buying anything until you're out of debt and going forward, buy everything but the home you live in with cash. So sure you pay for the hunting gear in cash, but no car loans!

  • @jimmymcgill6778
    @jimmymcgill6778 13 годин тому +1

    He can pay it off with his regular income. He does not need to sell anything.
    He loves this guys toys. So of course he told him not to sell it.
    If it was something else that he doesn't like, he would tell him to sell them.

    • @GAFB1122
      @GAFB1122 13 годин тому

      Jimmy, Jimmy, Jimmy. There you go again Jimmy. And you expect people to believe you are objective. You don't like Dave and your comment once again proves it.
      For your information, when the person has sufficient income and the time frame is short i.e. less than 1 year to get out of debt, I have heard Dave give the same advice regardless of what the assets / toys in question were.
      You're dislike for Dave has once again been shown!

    • @jimmymcgill6778
      @jimmymcgill6778 9 годин тому

      @@GAFB1122 There you go, can't handle people's opinions. You cannot handle facts.

    • @GAFB1122
      @GAFB1122 9 годин тому

      @jimmymcgill6778 You provided no facts, Jimmy boy. All you provided was your biased opinion.

    • @jimmymcgill6778
      @jimmymcgill6778 9 годин тому

      @@GAFB1122 I can form my own opinion. I just don't based my opinion on what Dave say's or thinks.

    • @GAFB1122
      @GAFB1122 9 годин тому

      ​@@jimmymcgill6778 Jimmy, Jimmy, Jimmy. You did more than have your own opinion. You stated that Dave would tell someone else who could be debt free in 3 months to sell their toys if he didn't personally like the toys. That is not an opinion, that is a statement and an incorrect statement since I have heard him give similar advice to others when the timeframe to being debt free was short.
      Again Jimmy boy, you just don't like Dave. That's ok but you should just admit it and be done with the subterfuge.

  • @arzumgulsar6951
    @arzumgulsar6951 12 годин тому +2

    Maybe I’m missing the point here, sorry if the case: but you’re about 20,000 in debt and you make that money in 3 months. So why not work like mad, pay it off quickly and keep your beloved car and hunting gear. So where’s the problem??

    • @unfairsanic5089
      @unfairsanic5089 12 годин тому +1

      The problem is that they wont want extra work to have more income, its tiring for them

    • @USMC6976
      @USMC6976 11 годин тому +2

      The problem is the girlfriend. He knows she will not like his "sacrificing" to pay off his car.

    • @arzumgulsar6951
      @arzumgulsar6951 10 годин тому

      @@USMC6976 we’ve all been there. Sometimes we have to ‘suck it up’ for a bit. What’s the Biggy.. the mind boggles

  • @AlexKaehler-qc8kd
    @AlexKaehler-qc8kd 14 годин тому +6

    Lender is slave to the borrower. Christmas dinner just hits different when you look at your master and wonder if you ever gonna see your money again.

  • @StephanieG.Augustus
    @StephanieG.Augustus 10 годин тому +4

    Coming out of facing alot, I knew two things about the stock market: It caused the Great Depression, and the fastest way to make a million on the markets was to start with two million. And then the Great Recession happened only a few years later. So yeah, I wish someone had better explained it to me earlier in life. Having a good entry and exit strategy will make you succeed in the stock market.

    • @heatherj-o5j
      @heatherj-o5j 10 годин тому

      There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

    • @KarenJ.Mancia
      @KarenJ.Mancia 10 годин тому

      Exactly, most of the investors pays more attention to the profit aspect forgetting that the market involves ups and down. securing your financial position requires lots of patience and proper education on the market so as to know the right profitable stock to buy and invest in. I made over $260k in profits, from just the Q4 of 2021. Investing in the stock market is most profitable when you understand how the market actually works.

    • @RobertS.Headrick
      @RobertS.Headrick 10 годин тому

      I really acknowledge your comment, i have been trading stocks for a while now but i have not been able to make much. how do you achieve this feat?

    • @KarenJ.Mancia
      @KarenJ.Mancia 10 годин тому

      Her name is Stacy Lynn Staples can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

    • @JasonB.Chisolm
      @JasonB.Chisolm 10 годин тому

      Thank you for sharing, I must say, Jessica appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.

  • @EmilyReed-m3x
    @EmilyReed-m3x 14 годин тому +1

    Your videos are not just information, they are true art. Thank you for your contribution to the culture on UA-cam!😁🌎🧬

  • @kaizenborntowin
    @kaizenborntowin 14 годин тому

    Buck fever is quite an adrenaline rush.

  • @carolr7823
    @carolr7823 11 годин тому +3

    Coyotes are beautiful and shouldn't be killed.

    • @sweetiespoon5150
      @sweetiespoon5150 9 годин тому

      When they are so overpopulated that they are destroying livestock?

  • @danieljohnson4418
    @danieljohnson4418 14 годин тому

    Make your payments as agreed, keeping buying hunting equipment, and keep hunting. 😎

  • @Jim_Curtis
    @Jim_Curtis 8 годин тому

    After the debt is paid off, he needs to budget better and not get into the same situation again. His habits need to change.

  • @karebear326
    @karebear326 11 годин тому

    What lifestyle, you do not need a lifestyle when your in debt🤣

  • @TrazimDollare1982
    @TrazimDollare1982 14 годин тому

    Ken ate all the Food at the Christmas Party

    • @JustinCase780
      @JustinCase780 14 годин тому +1

      And, he was double dipping in the chip dip. You can see a piece of chive stuck between his teeth.

    • @TrazimDollare1982
      @TrazimDollare1982 14 годин тому

      @ 😂😂😂😂😂😂😂👍👍😂👍

    • @TrazimDollare1982
      @TrazimDollare1982 14 годин тому

      Dave decided there will be no Christmas Party Next Year

    • @mirabella2154
      @mirabella2154 7 годин тому +1

      😂

  • @myfindependencejourney
    @myfindependencejourney 11 годин тому

    With the amount you make, why don’t you just pay off the debt quickly before you get married? Then you are debt free and you get married.

  • @WolverineIncognito
    @WolverineIncognito 10 годин тому

    What did he say he was hunting?

    • @11865
      @11865 10 годин тому

      Coyotes

  • @KoryNWF
    @KoryNWF 13 годин тому +5

    Option D) recognize God is good and recognize you make $150K and can pay it off easily in 6 months to one year and live your best life. YOLO. 😅

  • @jz9289
    @jz9289 11 годин тому

    Another point I would make.. What is the housing situation in his life? Is he paying a mortgage, or is he renting a place?
    Why would you spend 50 to 60 k on guns and cars when you haven't even started the journey to become a homeowner? Talk about putting the cart before the horse..

    • @kvgolfa
      @kvgolfa 10 годин тому +1

      Why does everyone need to buy a house? Makes no sense

  • @GrettaMalones
    @GrettaMalones 14 годин тому

    I'm very happy to be subscribed to your channel. You make really high quality and interesting content.👽👌♣️

  • @HOLDXSTEEL
    @HOLDXSTEEL 13 годин тому

    None

  • @ChristopherHill-nh7tz
    @ChristopherHill-nh7tz 13 годин тому +28

    Merry Christmas 🎁 I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love

    • @Harryfox-i9k
      @Harryfox-i9k 13 годин тому

      My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.

    • @Tarryma-n1j
      @Tarryma-n1j 13 годин тому

      I'm 47 and have been looking for ways to be successful, please how??

    • @CashTerry-g2m
      @CashTerry-g2m 13 годин тому

      Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now I'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling!

    • @wilderRobin
      @wilderRobin 13 годин тому

      Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times

    • @wilderRobin
      @wilderRobin 13 годин тому

      Elizabeth Regina Nelson has really set the standard for others to follow, we love her here in the Uk 🇬🇧 as she has been really helpful and changed lots of life's.

  • @GAFB1122
    @GAFB1122 14 годин тому +8

    He sounds like a child, and I can bet he will continue to buy more hunting stuff because it will never be enough. There will always be something new that he'll convince himself he needs. And it's not reality. It's all in his head, his ego, pride, keeping up with Jones's, take your pick.

    • @HelosWorldRailroadReseller
      @HelosWorldRailroadReseller 14 годин тому +1

      I used to do the same thing. Stuff doesn’t fill holes. Let’s say he pays the car off quickly, he will continue to waste money on hunting gear.

    • @GAFB1122
      @GAFB1122 14 годин тому

      ​​@@HelosWorldRailroadReseller Exactly! Your comment with I used to do the same thing (past tense) means there is hope for him and others. But they won't get passed it until they realize what you said, stuff doesn't fill those holes.
      And there is no better day than today Christmas Day to send that message since Christmas morning for most people is all about inventorying their new stuff.

    • @Financialinsights-p4f
      @Financialinsights-p4f 13 годин тому +2

      I admire the way the hosts help callers see the problem clearly: not just about paying off debt but also about changing their financial mindset. The decision to keep the hunting gear and the car but work hard to pay off the debt in 3 months is realistic and shows commitment. But I think the biggest lesson here is to get your financial priorities right from the start - otherwise, no matter how much you earn, you can easily fall into a vicious cycle of debt.

    • @GAFB1122
      @GAFB1122 13 годин тому +1

      ​@@Financialinsights-p4fEven you miss part of the point. It's not just financial priorities but it's life priorities. Excessive Consumerism, even when you can pay cash, is nothing to be proud of.

    • @Financialinsights-p4f
      @Financialinsights-p4f 13 годин тому

      @@GAFB1122 I agree, and this hits close to home for me. I used to think buying things - costly bobbies - was a way to find satisfaction or prove something to myself. But over time, I realized it was just a temporary fix for more profound issues. Shifting my focus from materialism to meaningful goals has improved my finances and overall happiness. It's a harsh lesson but one that can truly change your life.

  • @Primitive_Code
    @Primitive_Code 12 годин тому +2

    "I was worried I'd get somebody who wouldn't understand this question." He means Dr. Baloney.

  • @odessajackson4551
    @odessajackson4551 12 годин тому +1

    I'm confused 😕🤔..is he talking in circles or is this a word salad going on...duh 🙄

  • @cj90014
    @cj90014 6 годин тому

    This sounds like bogus call. Someone who just wants to hear his voice on the internet. Way too easy to solve this. I'm calling B.S.

  • @garrywilliams1696
    @garrywilliams1696 11 годин тому +1

    Wrong advice again. Sell the car and use the 10-12k to buy another car. Plenty of good cars in that budget. Be done with this issue in less than a week

  • @JustinCase780
    @JustinCase780 14 годин тому +4

    Ken was thinking hogs. Ham for Christmas dinner.
    BLT's and Burgers with chedder & bacon for lunches to kick off the New Year.

  • @Ja50nkAt
    @Ja50nkAt 7 годин тому

    This call is pointless, he can afford all this, is he eating out every night? Expensive rent or mortgage? He can afford it easily, stop all unnecessary spending for a few months, doh!

  • @IbrahimKone-ix4qi
    @IbrahimKone-ix4qi 12 годин тому +2

    !I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated..

    • @AlbertEischted
      @AlbertEischted 12 годин тому

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
      Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @jopolo-x4f
      @jopolo-x4f 12 годин тому

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..

    • @AlbertEischted
      @AlbertEischted 12 годин тому

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $200k passively by just
      investing through an advisor, and I don't have
      to do much work. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @jopolo-x4f
      @jopolo-x4f 12 годин тому

      Without a doubt! Ruth Ann Tsakonas is a trader who goes above and beyond. she has an exceptional skill for analysing market movements and spotting profitable opportunities. Her strategies are meticulously crafted on thorough research and years of practical experience.

    • @IbrahimKone-ix4qi
      @IbrahimKone-ix4qi 12 годин тому

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??

  • @Platoon_Guide
    @Platoon_Guide 12 годин тому

    🇺🇸

  • @AlienLeadership
    @AlienLeadership 13 годин тому

    AVP 👽
    They ... stole live t.v./ / very possible/ what's the problem /

  • @sleepyjoe1685
    @sleepyjoe1685 13 годин тому

    Dave doesn't believe in working from home. This was uploaded on Christmas day. Does that mean he's making employees work from the office on Christmas.

    • @rabidgoon
      @rabidgoon 13 годин тому +5

      It’s possible, but it’s more likely that they scheduled the upload. UA-cam allows you to schedule uploads for I believe as much as a year in advance.

    • @analyticalchick3064
      @analyticalchick3064 12 годин тому +2

      They film these like 2 months before they release them. This one seems like it was filmed on November 1st.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 8 годин тому

      It means this was uploaded last week and scheduled to become public on the 25th. Your question indicates you have never uploaded a video.

    • @amireallythatgrumpy6508
      @amireallythatgrumpy6508 8 годин тому

      @@analyticalchick3064 Not really. These are highlights from the "live show" which are uploaded to the full episodes channel on the same day.

  • @CarlaBegays
    @CarlaBegays 14 годин тому

    Your videos are a true resort for the mind and soul. Thank you for your talented channel management and amazing content!🥿🕋🤟

  • @OliviaGomez-f2g
    @OliviaGomez-f2g 14 годин тому +1

    Thank you for your originality and unique approach. Your videos are always surprising.🥅‍❄️🖐

  • @EvaOrnelas-e3i
    @EvaOrnelas-e3i 14 годин тому

    Your videos are not just content, they are real intellectual food. Thank you for your creativity and efforts!👾🐱🫵

  • @OliviaKim-h1l
    @OliviaKim-h1l 14 годин тому

    Your channel is like an oasis in the world of content. Keep on making us happy with your work!🏎🎸🦘