I agree! Dave's experience and his defication of contined learning is extremely helpful. Too bad his screaming/yelling, calling people dumb butts, idiots, etc., are distracting and offensive. The screaming and yelling is downright irritating.
So people call in to get advice amd its weird younger people give them advice?nwell inviously they didnt have the solution... age has nothi g to do with common sense or knowledge other than longer time to accumulate ..and not the same as respecting your elders. All people have skills and knowledge@nowthatsurban
This was a heavy episode, the caller with terminal illness and then Charlotte from Kentucky. Tough situations, Dave did a great job with both. A lot of times we don’t know the burdens others carry. Blessings to both callers. 💜
Not sure what episode / segment / clip it was in , but it was Dave and Rachel ... and Dave went on a long borderline rant that he called a speech when he was done saying it ... and Rachel just laughed and said something to the effect of "now you know what my childhood was like." 😂
I so love Dave Ramsey. I went through a very painful divorce many many many years ago and he is so right to say sell the house and just move on because every time you have to deal with your spouse over money or anything, oh my god, it opens up the wound every single time. How does Dave know and seem to understand this even though he's never been divorced. He not only says it exactly as it is in real life but really seems to understand, even though he's never been through it. You're a one off Dave!
I’m an electrician with our local union. There are so many ppl here with expensive trucks it’s ridiculous. Most complain about the payment and insurance. I bring up buying a used truck and I might as well be the devil. It’s amazing.
Great show podcast I come from an other country and this guy Dave Ramsey is the first guy I believe he speaks sense about financial life on a regular middle class person Love the show I listen to it everyday
“They are practicing Medicine” is the first statement my professor said to my class when starting college in healthcare. Best wishes to this young man. Prayers and blessings of healing.
After the initial grief and panic and anger, what do you think you would do? It's a really sad story but it also made me think of all the things I take for granted and all the experiences I'd rush to fulfill. ONLY in terms of a "bucket list," I actually wonder if it's worse to not have that timetable.
@@nowthatsurbanplan (pay for my own funeral/ final expenses, downsize the junk so my dd doesn't have to, write her and my granddaughter cards and letters for future special days) and live every day to it's fullest! Make memories to leave behind ❤
AARON LAS VEGAS, NV “BAD DIAGNOSIS”…. You could check out Wahls Protocol by Dr Terry Wahls. She had MS so severe that she was in a gravity chair and is now living almost completely normal. It’s about healing your body at the molecular level. It has saved the life of a loved one of mine who also had a very very rare diagnosis that is typically only found postpartum. I hope you recover and have a healthy long life ❤
Listening for long periods is so true though. I try to listen to something from you daily. It help enforce my focus for the day as I am in my first few months. Also hearing advice and struggles relating to steps and issues I haven’t yet reached also gives me an inner /mental strength. I used to be surprised by paydays- just paying the normal bills. Now each payday is an exciting event! I pull out the budget/plan for the month and start paying off /down items. My next paycheck has all consumer debt paid! Soo excited 🎉
Speechless. Dave, your parents did an absolutely unbelievable job raising you. To reach into your own heart and help Charlotte in Lexington, KY...? Wow, you're a great human being.
Father God please help the man who called in with ms. Give him the strength and grace to deal with what he must. Above all things your will be done Lord ❤ in Jesus name. AMEN
Rachel helps balance Dave out on the show. She is the more compassionate one. He needs that balance. He does give her more freedom on the show too. Thankful for all there wisdom concerning money they give. If both spouses is on board, they will truly be ready financially for the future.
With the second caller, my husband and I went through this. After we got married, I wanted to make out wills and he kept skirting around the issue. I know a lot of people don’t like to think about death. I work in the healthcare field so I’ve been confronted with it so I’m a little bit more used to it and more comfortable talking about it. Well, my husband skirted around it for about eight years and then he was diagnosed with AML leukemia. So needless to say once he was diagnosed and admitted into the hospital, I spent the next two to three weeks running around like a crazy person getting our stuff in order. It was extremely stressful and nerve-racking! Everything that we had built, and worked so hard for was in danger, and we needed to protect it. You need to protect your assets. You need to make sure that you and your spouse have both of your names on everything! The deed of your Home, titles of your cars, all the accounts ….make sure each spouse knows all the passwords or knows where they are located and can access them. I had to make sure my husband’s pension papers were in order, even though he wasn’t thinking about retirement quite yet, but if something were to happen, I was entitled to a partial monthly benefit, upon his death. It doesn’t matter if you’re married! That’s not gonna cover you. It’s not gonna protect you from creditors, medical conglomerates, and even in-laws for coming after you for assets, properties, etc.. catastrophic illnesses, cost millions of dollars to treat you want to protect your loved ones if the unfortunate should occur, and someone is left behind. Thank God we got everything in order. After 18 months of a grueling battle, my husband did pass away, but my assets were protected and I wasn’t booted to the curb by anyone or for anything. I am so sorry you’re in this position. Make your plans so you can have peace of mind and focus on your health. You are also entitled to SSD Social Security disability. Make sure someone helps you with that. Utilize the social workers at the hospital to help get you on a fast track. Once you submit those papers it takes 6 to 8 weeks to get the checks rolling in on a monthly basis. You’ve paid into the system and now you need it so make sure you get it ! Sending out many prayers of faith, strength and restoration for you and your family.
My mom was a widow at 62 and remarried when she was 73. There were many counseling and talk sessions about money and Christian character before they got married. He had not been to smart with saving but has always been a hard worker. They worked out a budget among other things and decided on a prenuptial because of where they are in their lives and the squabbles that could possibly happen with adult children after they passed. 10 years later, they are an impressive team. Hard workers and my mom has really helped my step dad learn to budget.
If you are reading this Aaron you are loved and you are stronger than you believe. Listen aaron use food to heal yourself. Raw fruits raw vegetables. Don't settle make changes do hours of research. Pray for wisdom. I hope this message finds you well. God bless!
I'm right behind you! Every debt that goes to the big ZERO and rolling that payment onto the next one, as the list gets smaller, gets me some kind of exhilaration I hadn't expected 😍
For Audrey - it’s not a family business if you don’t own it. All her family may work there, but it’s someone else’s business. It’s unfortunate that they are not doing well, but she needs to think of her own family and start building for her own future, and if she can’t do it there it’s time to move on. Like Dave said you give plenty of notice , you thank them for the time and the experience But you need to put your own family and your financial stability and future on the front burner. She’s carrying the burden of a potentially failing business, and she doesn’t own it. She’s young and has many years ahead of her. If she stays there for too long, she may regret it in the future. Now is the time to start building her foundation, and if she can’t do it off of the business owners and her position then she needs to move forward.
The story that begins around minute 2 & ends around minute 9, is exactly what I needed to hear. The focus after the baby steps. Now I'm refocused! Thank you for the inspiration! No bankers involved!!!!
There is no late to the game. Only a different start. I found Dave in 2022. Told my fiance so excited. And her response... "Yeah? Had to learn this in high-school why?"
1:15:56 I was in this callers shoes when I was younger and felt bad about leaving. Guess what? The business is still running successfully to this day with out me almost a decade later. It will be ok. 😂 Sorry to laugh but that was literally me as a youngster, feeling all bad about leaving. Your allowed to leave a job. Just give good notice, do your best during your last few weeks and it will be alright.
Aaron in Las Vegas can get life insurance by going to work for a company that offers group life insurance as a benefit. My last company offered it and it was portable: after I left I was able to covert it to a personal policy without having to qualify.
$117,000 in 14 months??? That’s over $8,000 a month…I don’t even make HALF of that a month 😅. Nvm dedicating that amount for just student loans. Good for them!
The social work caller could benefit from finding a HRSA employer that would pay off her student loans for a commitment for 3 years. Often the social worker need to have a LCSW but I know in recent years they are allowing MSWs to get that grant! I did this and I’m debt free!!
I'm an LICSW (in Washington State they add the "I" for independent for some reason). My student loans weren't large enough for me to commit to 10 years of working for the public service loan forgiveness, so I worked hard to pay it off fast. That was my situation. For many social workers, I highly recommend using that program!
It is kind of suspicious that the lady works parttime and already decided she would be a full time house-wife... At least go all in at work before you decide to become a fulltime housewife.
Roth distributions in retirement isn’t reported as income, therefore lowering your Medicare premium. And tax-free inheritance for your children. 2 big reasons to go Roth.
I been in Audreys position, in a sense that i was the glue to the business, but the upper management wasn't doing what i needed them to to (director wt a childcare center). And took me a long time to leave because of the remaining staff and families. But, i had to go, and i gave them a month notice and trained and hired and filled all the spots before i left.
@ @31:24 married a month ago 25 y/o with $170k in savings. He got it here or there which means he won it or it was an inheritance. He knows how much Dave hates hearing about all the millionaires that inherited money.
Do you have to refinance a house if you can just throw an extra $1700 towards the principle payment each month? Especially seeing the interest rates are higher now? Essentially you will pay it off earlier anyway. Just a ?
I think Dave is suggesting once they pile up some cash, pay down the principal and recast/refi that loan, plus grow husband's income, their ratio will be closer to 25% before the baby arrives. It's not a good ratio today, but they can get there.
I wonder how much money in arrears Rachel’s husband owes her for child support. Go after this guy! Get the wages, garnished because this is a major ingredient of what’s keeping you stuck!
@@arh1234 I think its because he's unsure about the law in Canada when it comes to this scenario. You are 100% allowed to take all or any amount of money you want out of your RRSP (Registered retirement savings plan) in order to pay a down payment on your first home. I did it and i benefited greatly. The reason is, if you're putting down less than 20% on your first home purchase (minimum is 5%) a chunk of that down payment goes towards mortgage insurance. 500k house (which is considered very cheap here), 25K downpayment, roughly 18k will go to insurance. meaning your real down payment was only about $7000. If you can use some of your RRSP to get you above that 20% cut off you're avoiding that insurance fee all together and paying a lot less monthly.
@@Rome1017LightsThat is incorrect. The HBP limit is 35000. Past that, you are taxed at whatever your marginal rate is for the withdrawal year. Additionally, the downpayment itself is not applied to the mortgage insurance portion. That amount gets tacked on to the total loan amount. So a 25 L downpayment is exactly a 25 K downpayment.
The guy with possibly the rare muscular dystrophy really touched this heartless prison guard over here. Man ... what a roll of the dice (Snakeeyes)! Hope it turns out that he doesn't have it.
so agree with you all on her. I was trying to turn my captions on to make out what she said- because she appeared to go soft on spitting her shadiness out.
Am I the only one that thinks that Dave (and a lot of others) dance around the question, and talk about the situation more than provide an answer lately? That gentleman with the potential diagnosis had already processed the situation. He wanted to know what to do next. What is the "checklist" of things he should be making sure are checked off. (I assume figuring what kind of life insurance, if it's an option, what kinds of trusts or funds shud I set up, is the mortgage still a priority, etc.) And instead I think they just cheerleaded him to not give up even when he gets a proper diagnosis... which is great but, didn't really answer the question.
I thought they did, he said life insurance wasn't an option likely too late. Said he had quite the amount of money that they should be ok. But to stash money in case they need to fly somewhere for a treatment. And to prepare should his income change.
i guess the goal heading into retirement is no debt and owning your home and if both met you should be able to manage on SS along with a small savings would that be correct if your not a big spender.
Lol how would Jennifer would manage in my life, our income incredibly volatile, our expenses steadily increasing, cutting back? Cuts always come from the personal side
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Dave’s no nonsense approach is what the world needs!
Dave makes the show 100% better because he is giving advice from a place of experience... his experience is what makes his advice authentic
Agreed. It can be strange for the younger hosts to give advice to people twice their age, and just say what Dave would say with nothing to back it up.
I agree! Dave's experience and his defication of contined learning is extremely helpful.
Too bad his screaming/yelling, calling people dumb butts, idiots, etc., are distracting and offensive. The screaming and yelling is downright irritating.
Yes, he's a very wise man.
Yeah, comes from a Father knows best perspective. Reminds me of my dad.
So people call in to get advice amd its weird younger people give them advice?nwell inviously they didnt have the solution... age has nothi g to do with common sense or knowledge other than longer time to accumulate ..and not the same as respecting your elders. All people have skills and knowledge@nowthatsurban
I love that Rachel is the only person Dave can’t talk over. 😂 Reminds me of my dad and my sister. Two branches off the same tree.
She adds to the same ideas. I notice the others try and make or sure there own idea and lead
Dave makes the show so much better! The other hosts are good, particularly George and John, but Dave is what puts the show over the top
Dave is just the best, takes it to a different level every single time.
Hence the name. Ramsey Show 😉
Agreed!!
Agreed. Welcome back Dave from Trinidad and Tobago
He is a crack up...love him and his direct honesty and wisdom.❤
This was a heavy episode, the caller with terminal illness and then Charlotte from Kentucky. Tough situations, Dave did a great job with both.
A lot of times we don’t know the burdens others carry. Blessings to both callers. 💜
Rachel the only one that will talk over Dave and not let him interrupt 😂
Helps to be his daughter ;)
Not sure what episode / segment / clip it was in , but it was Dave and Rachel ... and Dave went on a long borderline rant that he called a speech when he was done saying it ... and Rachel just laughed and said something to the effect of "now you know what my childhood was like." 😂
@@garyh6486 I remember that! 😄
@@inviz1769 100% daddy’s girl, my sister did the same thing to our father. My brother and I would never dear to do it
@@garyh6486
Dave Ramsey and my dad were cut from the same cloth. And now my wife and kids tell me “you are just like your dad”😂😂😂.
Love when Dave is on the show!
I so love Dave Ramsey. I went through a very painful divorce many many many years ago and he is so right to say sell the house and just move on because every time you have to deal with your spouse over money or anything, oh my god, it opens up the wound every single time. How does Dave know and seem to understand this even though he's never been divorced. He not only says it exactly as it is in real life but really seems to understand, even though he's never been through it. You're a one off Dave!
I think its ause he may have 1000s of friends... and heard 25 million personal stories😢😢😢
I’m an electrician with our local union. There are so many ppl here with expensive trucks it’s ridiculous. Most complain about the payment and insurance. I bring up buying a used truck and I might as well be the devil. It’s amazing.
Love when Dave tells callers that are going through it to call back anytime. 💙💛
Great show podcast
I come from an other country and this guy Dave Ramsey is the first guy I believe he speaks sense about financial life on a regular middle class person
Love the show I listen to it everyday
“They are practicing Medicine” is the first statement my professor said to my class when starting college in healthcare. Best wishes to this young man. Prayers and blessings of healing.
The second phone call choked me up a bit 😢. We all need to plan for our eventual passing, but things change when you're presented with the timer
After the initial grief and panic and anger, what do you think you would do? It's a really sad story but it also made me think of all the things I take for granted and all the experiences I'd rush to fulfill. ONLY in terms of a "bucket list," I actually wonder if it's worse to not have that timetable.
This sounded very much like a slower version of als the way he was explaining it. Fuck. Just a disaster.
@@nowthatsurbanplan (pay for my own funeral/ final expenses, downsize the junk so my dd doesn't have to, write her and my granddaughter cards and letters for future special days) and live every day to it's fullest! Make memories to leave behind ❤
“Try being your daughter “ had me literally cracking up as I’m also reading Smart Money Smart Kids. Lol
AARON LAS VEGAS, NV “BAD DIAGNOSIS”…. You could check out Wahls Protocol by Dr Terry Wahls. She had MS so severe that she was in a gravity chair and is now living almost completely normal. It’s about healing your body at the molecular level. It has saved the life of a loved one of mine who also had a very very rare diagnosis that is typically only found postpartum. I hope you recover and have a healthy long life ❤
I’m praying for your strength Aaron!!Don’t accept the diagnosis. Jesus is a healer!! You have to believe by faith 🙏🏽🙏🏽
Great show, Rachel and Dave! Glad to hear Dave doesn't want to retire!
Listening for long periods is so true though. I try to listen to something from you daily. It help enforce my focus for the day as I am in my first few months. Also hearing advice and struggles relating to steps and issues I haven’t yet reached also gives me an inner /mental strength. I used to be surprised by paydays- just paying the normal bills. Now each payday is an exciting event! I pull out the budget/plan for the month and start paying off /down items. My next paycheck has all consumer debt paid! Soo excited 🎉
Speechless. Dave, your parents did an absolutely unbelievable job raising you. To reach into your own heart and help Charlotte in Lexington, KY...?
Wow, you're a great human being.
Dave & Rachel make a good team - great show today with wide variety of calls.
Father God please help the man who called in with ms. Give him the strength and grace to deal with what he must. Above all things your will be done Lord ❤ in Jesus name. AMEN
Lindsey and Greg are just the cutest couple. I love what Lindsey said
"We already knew what the answer was to the questions which was NO"
Lindsey & Greg were so inspiring. Relationship & financial goals.
Rachel helps balance Dave out on the show. She is the more compassionate one. He needs that balance. He does give her more freedom on the show too. Thankful for all there wisdom concerning money they give. If both spouses is on board, they will truly be ready financially for the future.
We own business. We want to start another business. We have 3 businesses. We want to start a business. Another business. Get a load of this lady.
you are awesome! toooooo funny !
Business = 1 contract. Lol
With the second caller, my husband and I went through this. After we got married, I wanted to make out wills and he kept skirting around the issue. I know a lot of people don’t like to think about death. I work in the healthcare field so I’ve been confronted with it so I’m a little bit more used to it and more comfortable talking about it. Well, my husband skirted around it for about eight years and then he was diagnosed with AML leukemia. So needless to say once he was diagnosed and admitted into the hospital, I spent the next two to three weeks running around like a crazy person getting our stuff in order. It was extremely stressful and nerve-racking! Everything that we had built, and worked so hard for was in danger, and we needed to protect it. You need to protect your assets. You need to make sure that you and your spouse have both of your names on everything! The deed of your Home, titles of your cars, all the accounts ….make sure each spouse knows all the passwords or knows where they are located and can access them. I had to make sure my husband’s pension papers were in order, even though he wasn’t thinking about retirement quite yet, but if something were to happen, I was entitled to a partial monthly benefit, upon his death. It doesn’t matter if you’re married! That’s not gonna cover you. It’s not gonna protect you from creditors, medical conglomerates, and even in-laws for coming after you for assets, properties, etc.. catastrophic illnesses, cost millions of dollars to treat you want to protect your loved ones if the unfortunate should occur, and someone is left behind. Thank God we got everything in order. After 18 months of a grueling battle, my husband did pass away, but my assets were protected and I wasn’t booted to the curb by anyone or for anything. I am so sorry you’re in this position. Make your plans so you can have peace of mind and focus on your health. You are also entitled to SSD Social Security disability. Make sure someone helps you with that. Utilize the social workers at the hospital to help get you on a fast track. Once you submit those papers it takes 6 to 8 weeks to get the checks rolling in on a monthly basis. You’ve paid into the system and now you need it so make sure you get it ! Sending out many prayers of faith, strength and restoration for you and your family.
“We knew the answer, it was always No” 😂😂😂😂😂😂😂❤❤❤
My mom was a widow at 62 and remarried when she was 73. There were many counseling and talk sessions about money and Christian character before they got married. He had not been to smart with saving but has always been a hard worker. They worked out a budget among other things and decided on a prenuptial because of where they are in their lives and the squabbles that could possibly happen with adult children after they passed. 10 years later, they are an impressive team. Hard workers and my mom has really helped my step dad learn to budget.
If you are reading this Aaron you are loved and you are stronger than you believe. Listen aaron use food to heal yourself. Raw fruits raw vegetables. Don't settle make changes do hours of research. Pray for wisdom. I hope this message finds you well. God bless!
I will have a debt free scream in 2026. Mark my words! I’m so angry at my debt and being broke.
I am holding you to it so get it done!!
@sicawakan - How's it been going for the past four months? How are you feeling? My husband and I are cheering you on!
I'm right behind you! Every debt that goes to the big ZERO and rolling that payment onto the next one, as the list gets smaller, gets me some kind of exhilaration I hadn't expected 😍
Hope you’re doing well with it!!!
Can't believe this stuff is free
God bless Dave Ramsey for helping so many people like Charlotte. Her story touched my heart! I know she can do it! We are standing with her!
⭐️⭐️⭐️⭐️⭐️Daddy daughter day. Love it. Great to hear a ‘debt free scream’
Such good advice on caller #2 - get a plan for the controllables
Greg and Lindsay! So proud of you both ❤🎉
For Audrey - it’s not a family business if you don’t own it. All her family may work there, but it’s someone else’s business. It’s unfortunate that they are not doing well, but she needs to think of her own family and start building for her own future, and if she can’t do it there it’s time to move on. Like Dave said you give plenty of notice , you thank them for the time and the experience But you need to put your own family and your financial stability and future on the front burner. She’s carrying the burden of a potentially failing business, and she doesn’t own it. She’s young and has many years ahead of her. If she stays there for too long, she may regret it in the future. Now is the time to start building her foundation, and if she can’t do it off of the business owners and her position then she needs to move forward.
The kind man that his wife is a cheater- just got his soul ripped out. I hope his heart heals gracefully.
The story that begins around minute 2 & ends around minute 9, is exactly what I needed to hear. The focus after the baby steps. Now I'm refocused! Thank you for the inspiration! No bankers involved!!!!
Great advice. I love your daughter. She is so nice and classy.
I hope Charlotte succeed ❤
Dave and Rachel are in my top 5.😊
...late to the game. But new favorite pod. Such good info.
There is no late to the game. Only a different start.
I found Dave in 2022. Told my fiance so excited. And her response... "Yeah? Had to learn this in high-school why?"
"Victor not a victim." Love the Dave-isms!😊
Praying health and healing for Aaron with the MS diagnosis in Yahshua Name ❤✝️💜🙏🏽🙏🏽🙏🏽Amen. Aaron can get whole life insurance as well!!!
This couple is just great! Happy for them!
I need a finance coach love the content here always
1:15:56 I was in this callers shoes when I was younger and felt bad about leaving. Guess what? The business is still running successfully to this day with out me almost a decade later. It will be ok. 😂 Sorry to laugh but that was literally me as a youngster, feeling all bad about leaving. Your allowed to leave a job. Just give good notice, do your best during your last few weeks and it will be alright.
I love Rachel. They remind me of my daughter and I.
Blessings to all
"Try being your daughter"....🤣🤣🤣
Dave Ramsey for US President 2024 🇺🇸
Aaron in Las Vegas can get life insurance by going to work for a company that offers group life insurance as a benefit.
My last company offered it and it was portable: after I left I was able to covert it to a personal policy without having to qualify.
Rachel is so sassy... 😅 i love it!
$117,000 in 14 months??? That’s over $8,000 a month…I don’t even make HALF of that a month 😅. Nvm dedicating that amount for just student loans. Good for them!
I’m so proud of you, Greg and Lindsey! Great job, you’re awesome!🙌🙌❤️❤️
"Why?!" -Dave Ramsey 😂😂😂
Gambling is a horrible habit and addiction.
Rachel is Dave's lookalike, I can see it now 😅. Very pretty though. Thanks for what you do guys - UK viewer here.
Rachel is much better looking.
She looks just like her mum and her sister is all Dave.
The social work caller could benefit from finding a HRSA employer that would pay off her student loans for a commitment for 3 years. Often the social worker need to have a LCSW but I know in recent years they are allowing MSWs to get that grant! I did this and I’m debt free!!
I've done this program and it's amazing. I work for an agency I absolutely love AND get loans forgiven?!?! Sign me up! Life changing!!
I'm an LICSW (in Washington State they add the "I" for independent for some reason). My student loans weren't large enough for me to commit to 10 years of working for the public service loan forgiveness, so I worked hard to pay it off fast. That was my situation. For many social workers, I highly recommend using that program!
It is kind of suspicious that the lady works parttime and already decided she would be a full time house-wife...
At least go all in at work before you decide to become a fulltime housewife.
Outstanding song choice, it sure brings back fond memories!
Roth distributions in retirement isn’t reported as income, therefore lowering your Medicare premium. And tax-free inheritance for your children. 2 big reasons to go Roth.
I love the way they know to the dollar what debt they had
Cool to hear someone else from Lynchburg VA 😁
Super cool thank you!
can't wait to pay off my house!!!!
I thought Rachel was Dave’s twin until I googled Sharon😂😂
I dont do a monthly budget I do a weekly budget
I been in Audreys position, in a sense that i was the glue to the business, but the upper management wasn't doing what i needed them to to (director wt a childcare center). And took me a long time to leave because of the remaining staff and families. But, i had to go, and i gave them a month notice and trained and hired and filled all the spots before i left.
@ @31:24 married a month ago 25 y/o with $170k in savings. He got it here or there which means he won it or it was an inheritance. He knows how much Dave hates hearing about all the millionaires that inherited money.
Whats the song in the beginning In the background
@wizj4363 That’s Baker Street by Gerry Rafferty.
I only play CHESS and not checkers! Its called smartness. Like Dave says: Cash is King"!.
Do you have to refinance a house if you can just throw an extra $1700 towards the principle payment each month? Especially seeing the interest rates are higher now? Essentially you will pay it off earlier anyway. Just a ?
I like the song in the beginning
Did i hear anthony right? I heard he brings home 4k and mortgage is 1750. And then dave says he's not house poor? How?
I don't think Dave heard him correctly because it's way above the 25% mark.
Dave must not have heard him correctly nor Rachel. It's approaching 50%.
I think Dave is suggesting once they pile up some cash, pay down the principal and recast/refi that loan, plus grow husband's income, their ratio will be closer to 25% before the baby arrives. It's not a good ratio today, but they can get there.
I wonder how much money in arrears Rachel’s husband owes her for child support. Go after this guy! Get the wages, garnished because this is a major ingredient of what’s keeping you stuck!
Dave should help screen for fast dating..lol he listens so well and is a good match maker.......🤣
33:40 Dave is so very close to saying keep your investment and don't pay off that mortgage, in a roundabout way.
He rarely recommends taking money out of retirement accounts if it's already there
@@arh1234 I think its because he's unsure about the law in Canada when it comes to this scenario. You are 100% allowed to take all or any amount of money you want out of your RRSP (Registered retirement savings plan) in order to pay a down payment on your first home. I did it and i benefited greatly.
The reason is, if you're putting down less than 20% on your first home purchase (minimum is 5%) a chunk of that down payment goes towards mortgage insurance. 500k house (which is considered very cheap here), 25K downpayment, roughly 18k will go to insurance. meaning your real down payment was only about $7000.
If you can use some of your RRSP to get you above that 20% cut off you're avoiding that insurance fee all together and paying a lot less monthly.
@@Rome1017LightsThat is incorrect. The HBP limit is 35000. Past that, you are taxed at whatever your marginal rate is for the withdrawal year.
Additionally, the downpayment itself is not applied to the mortgage insurance portion. That amount gets tacked on to the total loan amount. So a 25 L downpayment is exactly a 25 K downpayment.
I keep hearing people talk about affirm loans... what is that?
29:55 😂😂
The guy with possibly the rare muscular dystrophy really touched this heartless prison guard over here. Man ... what a roll of the dice (Snakeeyes)! Hope it turns out that he doesn't have it.
Rachel I love your blouse
Mr. Money Mustache says "Your Debt Is An Emergency!!!!!"
Man I wish I made $225k a year. That's amazing. 👏🏽😔😲
The first caller is starting an Onlyfans she was just scared to say it 🤣🤣
Professional cheek clapper probably
Shady business at best...that's why she didn't say what it was.
I was thinking the same lol "consulting"
so agree with you all on her. I was trying to turn my captions on to make out what she said- because she appeared to go soft on spitting her shadiness out.
I caught that too! Lol
Can’t imagine where that dodgy &175k came from…. 😅😅😅
I feel like a lot of the people who make dumb money decisions didn't grow up dirt poor.
What good is Money if you just look at it? My dad saved tons of money and died with it,never spending anything
I am in Europe. What does CPH stand for? 😊
Pray for each others Medical bills?
Am I the only one that thinks that Dave (and a lot of others) dance around the question, and talk about the situation more than provide an answer lately? That gentleman with the potential diagnosis had already processed the situation. He wanted to know what to do next. What is the "checklist" of things he should be making sure are checked off. (I assume figuring what kind of life insurance, if it's an option, what kinds of trusts or funds shud I set up, is the mortgage still a priority, etc.) And instead I think they just cheerleaded him to not give up even when he gets a proper diagnosis... which is great but, didn't really answer the question.
I thought they did, he said life insurance wasn't an option likely too late. Said he had quite the amount of money that they should be ok. But to stash money in case they need to fly somewhere for a treatment. And to prepare should his income change.
i guess the goal heading into retirement is no debt and owning your home and if both met you should be able to manage on SS along with a small savings would that be correct if your not a big spender.
Ideally you paid off your debt long before age 65 & have also been investing 15% of gross for years.
21:19
These type of debt free screams never impress me.
Lol how would Jennifer would manage in my life, our income incredibly volatile, our expenses steadily increasing, cutting back? Cuts always come from the personal side
What if you wanna finance equipment for a business?
You must be a new listener. Dave’s reply would be to move at the speed of cash. NO loans.
@@notgivingmyemail3381 in that case it’ll take years to start up a business😅
@@ismaelcruz7576I’m not disagreeing with you, just giving you the answer you’d get if you called the show.
@@ismaelcruz7576 A business that would be more likely to destroy you than not.
I wouldn't take advice from Arnold Schwarzenegger who used steroids illegally while competing in bodybuilding.
That's suspicious talk for Only Fans 😂
A quarter of a million that’s a lot if you can’t manage on that !?
Am I the only one that thinks Dave just helped her with her OF account? lol
4:45 Jennifer really plays it fast and loose with details. Come on Hoosier, get with it!