You Can't Run From This Mess!
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- Опубліковано 28 вер 2024
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I can't imagine having 94k in CC! That's paying the bare minimum on EVERYTHING! How do they make $12000 a month and only paying $2000 a month on their " consumer debt"? These folks don't realize they are broke!
The pause when he told them to live without 85k of of their 200k income a year...🤣
$115k is a great income per year! Many get by on much less. They have to tackle the problem in the mirror, like Dave said, but if they decide to get serious, they can really do this.
@@linuxsurfer2002 Right? My household certainly survives on a lot less. 😅
@@linuxsurfer2002 They make $200K a year.
@@MrMustangrick yes - I’m referring what they would live on (gross) if they dedicate $85k to debt payoff like Dave was suggesting
And then she started babbling about upgrading her house and lifestyle without addressing the debt.
How do you make $12k a month and have money issues? Unbelievable
They don’t make that much she a liar
Life style inflation
I think you mean unbelievably common
Oh trust me…! It isn’t the salary or money coming in - it’s money management- same with how couples living on 50k a year can be millionaires
Its a spending issue not money issue ha
Man, when Dave starts quoting scriptures I get so fired up!!!
Thanks to Dave and his teachings, I finally became debt free yesterday 🥳
Congratulations!!
congrats
Super!!
Well done 🎯
Amazing! Praise God for His faithfulness!
Thank u Uncle Dave. U nailed this one.
I could live like royalty and be debt free off of $200K a year.
But all kidding aside, Dave is right. The situation which caused their current finances will follow wherever they go, and will start all over again if they don't change their money mindset.
yep. I make 65k a year and save 60%+ of it. Cant imagine blowing through 12k+ a month. Insanity. Are these people having $200 restaurant dinners a night? No, because then thats only $6000 a month and doesn't break half what theyre spending
@@AP-uk4di it’s not difficult to spend $12k/month. With kids and a mortgage and college savings and possibly private school tuition and healthcare and braces and a third car, couple of dogs, etc you can very quickly get to the $10k mark without a ton left.
The mistake you’re making is thinking that if you made $200k you’d live as you do now. You wouldn’t.
@@patty109109 ppl don’t understand this! Depending on where you live! The size of your family! It’s easy to run thru that kind of money
Doesn't seem like she wants out of debt the hard way. She isn't serious either, IMO.
I get that feeling too.
Lexus -- 'nuff said.
Yeah but it’s a 2011. 15k? That’s cheap! She’s not going to replace it even up for that price or more. May as well keep it.
if you have a mortgag, then you don't 'own' a home. The bank owns the home.
Once starting my career the more I made with raises the less spent and the more I saved.
My comfort zone was around $60k. Beyond that the rest went to 401k,Roth IRA,savings,investments,and Emergency fund.
Was cheaper doing my travels,activities,adventures,hobbies,experiences,etc. than debt,FOMO,keeping up with the Joneses,living beyond means,etc..
Even my choice of YOLO is affordable and free of debt.
Agreed: as you make more never give yourself a spending raise.
But.......investing is not saving !
@@jerrylansbury9558 well you need savings to invest! If I do not spend my entire pay check then I have saved money. Hmmm what should I do with my saved money Hmmm pay off debt, cash flow Renos. invest, etc etc etc so the saved money ie not spending every penny you earn. Prioritize how you want to SPEND your savings. Hmm follow the baby steps ? INVEST Not sure of your point.
@@clarifyingquestions My point is.......most people dont know the difference....... saving compared to investing.. Yah need a savings before you can invest / spend. I think Dave here is talking about saving. Thats how a person gets to where they can invest.
Her debt is a beast!
Insanity. To make that boat load of money and have that amount of debt ????
These spoiled elites right here. “We make 200k and we’re broke”. Holy smokes!! Try not spending like you make 500k per year.
I bet she has never cooked a meal at home. And never ask for a To go box.
Chevy SS comes 400hp stock, with a supercharger and tune the car is probably pushing 650hp. She aint lying, its a beast.
No joke. I’ll buy it so he can knock off some debt haha
I smiled when she said chevy SS, I know why he wont let go. but they have enough to clean up the mess and keep the car. the key is to stay consistent.
@@SGO_ That's one of the rare cars that may (just may) one day actually appreciate in value. Ultimate sleeper car, destined for Barrett Jackson.
@@OneShotProduktions Rare cars.......... ??? Made from metal rubber and plastic ? The nut behind the wheel has issues !
Hope he enjoys it while he can.
Great advice again from Dave
High income is perfume for underlying financial illiteracy.
No they got the high income right but they may have paid a price for that income too.
@@donaldlyons17 That's another thing nobody talks about when they say they have a high salary is the hours they are working to get there. 40 hours for 150k > 60 hours for 150k
Rice & beans, beans & rice & cornbread, sell the cars buy a hooptie then throw $120K at the cc's, student loans, etc..one of them take a side hustle with Lyft/Uber they can be clear within 18 months or less, no need to move yet, pay off the house while they are at it. If I'm making 200K a year there is no way I would even think about calling Dave because that is a problem that the majority of us would love to have.
Id bet money they're in the same, if not worse, situation today (1 year+)
Where do they plan on living in the NE(buy or rent)? Does she not realize that will cost substantial money?
That's what she said after she told me she was pregnant 😅
3rd Horse of Apocalypse!!!
Dream home!!!!!!
U don't need to be thinking of a bigger home.
Pay down your debt
☹ Poor girl stuck in an old Lexus while 170k in bills?
Pretty sad and scary. These people make over $200k/yr...but can't tie their own shoe laces. Pathetic waste of a call- except to show how prevalent Stupid is, and to make the rest of us feel like Einstein for a brief moment 😂
*👆👆⬆️Thanks for watching please endeavor to message right away the digit above I will love to hear your thoughts on it and for more enlightenment❤️🔝🆙.⬆️..
They don’t know how to budget
They clearly don't want to know, and have no intention of learning. This was a wasted call... other than for the rest of us to marvel at how much Stupid still exists.
Fancy cars!
Wow you make really good money yet your in debt ????
Stupid vehicles.
How dumb. Sell the cars. buy used cars. Cut out the plastic.
Sell the kid. Chevy SS will hold its value.
She is going to wake up in her 50s and realize how much time has passed and how many of those toys are no longer with them and have very little for their retirement years. I speak from experience. We are there. It's scary...but we will be ok b/c we have taken control and are making our money work for us.
Sadly the husband is calling shots in this marriage, so they will wake up one day and experience what you described.
Or they divorce
She'd be fine with a Corolla. They are ultra-reliable.
Oh but JDave, what ever would she do if she didn’t drive a luxury car so all of her friends and family think she’s successful?🙄😂
I love my Honda Fit. Paid off and can get 40 mpg.
It can be 20 years old too
Nope
@@drew2364 yep
The moment she said Lexus everyone knew what was coming lol
If you watch closely, he's taking his shoes off, LOL
It's a 2011 and will probably drive until 300k miles without needing any major repairs. Brand new Lexus' are luxury cars but used ones are one of the best buys out there.
@@Lon1001 Yes they are - if you don't have to borrow.
@@Lon1001 they are not as well made these days, just like Toyota, and Honda used to back in the 80s and 90s. They are no longer quality cars
Eek. Financing a used car. And then the Hemi as the "second" car.
I live pretty confortably on 50k. I cant imagine struggling on 200k
This lady sounds like she's a VIP at Lululemon. Hopefully they get this mess sorted.
Right
This woman needs to go to a homeless shelter and see what real struggling is all about.
I am blessed to be able to save 82% of my take-home pay! No debt, baby!! I'm forever grateful.
Hopefully I get to that point
Very impressive! We broke 50% this year for savings.
Roughly 50% here as well. Possibly more this year with raises! Keep it going!
Congrats
Nice man
Wow. Dave has guts. I love his brutal honesty.
He speaks the truth from years of experience, both from his own personal experience and that of many others who have gotten out of debt using his advice and methods. He's not afraid to call it like it is.
Guts for what, overtalking a woman that won't listen to herself rattling off rationalizations about her and her husband's bad spending habits.. He's heard it all, and he knows it's BS..
@@jameswalker5645 Yep, that guy is not selling the beast. 🤣
If these people would have just gotten a couple rental properties the first couple years instead of immediately spending like pigs, then they would have had $2000 a month cash-flow that they could blow on dumb purchases and nice cars, without ever getting into debt
Its clear, it's not rocket science. Either they both in or not. Both move forward and make sacrifices NOW or continue to turn 200k/yr into bs, shenanigans and excuses.
Get a RAV4 guys. You are broke.
The husband needs a Corolla.
Calling it straight. No fluff. Keep it up Dave.
How can people make so much money, and be so much in debt 🤷♀️😱
Some people are great at earning but terrible at spending
Stay away from debt as much as you can. It pulls you down as you try to climb up the mountain
At 23, with my first full time job paying $50k per year. I got myself a brand new car at $40k. Biggest mistake of my life. I got lucky with Tesla stocks and paid it off two years ago. Best decision of my life. But I still kick myself over it.
@@deadmanavir honestly. Think about how crazy that is. You’re dedicating an entire YEAR+ of your life working just for a car. I’m all in on Tesla stock, I’ve made good gains but I’m not doing that well anymore with the drop and I’ve been buying a lot which raised my cost basis
@@deadmanavir only thing u should regret would be a bad. Interest rate and insurance cost, nothing wrong with a 40k car
@@johndone8045 it was the $40k car in combo with a $50k job. Especially as a new car, that math would put many people either upside down or in financial strain in a hurry, depending on rest of finances.
They wanna move from Texas to the Northeast? As someone who is from the Northeast, I find that interesting lol
I was wondering the same lol.. I’m in NJ and been dying to get up outta here
thought that was strange too lol.
I live in Dallas, but would love to live in Maine, Vermont, or Boston!
@Paul Schwartz Right? Stacey and her family live in the only livable part of Texas.
@Paul Schwartz The Texas Hill Country is also nice.
Ramsey solutions will be in business forever or as long as people like this caller change their habits. I guess forever
Well income in a system matters. There will always be people who outspend their incomes!
Dave "You know what the problem with that is?" Caller "Yeah the people in the NE" Dave "You're taking you with you" 🤣🤣😭
You're broke at $12k a month. Sell the cars, sell the house and get on a budget.
Cry me a river. These people don't realize how good they have it. Live below your means and stop whining.
It’s only “hard” for two years. Cry me a river 😭 or sell the cars and speed this up. Get it together guys. Good grief.
Two years for some is forever!!!
The hardest part about getting out of debt was talking to myself about selling my cars and truck and getting my wife on board. What helped was developing a plan for the future. We had to actually use our imagination and visualize retiring wealthy.
The beast is in the mirror 🪞. Ouch.
I could never understand how some people get married to each other without being on the same page about their finances and I'm a teen. I've seen enough Ramsey show episodes to know that's possibly the worst financial mistake anyone could ever make, it's financial suicide ESPECIALLY if you're the more responsible partner.
Well said and you are well on the way for many great things👏🏽👏🏽👏🏽👏🏽👊🏽💜
A lot of couples do competitive spending. "If he's getting a Charger, I'm getting a Lexus." "Oh she's going to Cabo with her girlfriends, Imma buy a boat." "Let's take a Caribbean cruise, first-class, whether we can afford it or not." "OK". And so forth and so on.
You've got a good start buddy. Stay with it
There's a lot of truth to that. However, you do have to be careful to not go from being the responsible partner to being the judgmental and controlling partner. There's sometimes a fine line (as you'll also see from some of the videos).
Northeast house prices are insane, at least where I am! My house sold for 270K in 2016 and it would now sell for about 500K, and its just a 3b/1 bath/1700 sq foot ranch!!
man it amazes me that people that make so much money can struggle so much. I have never even made more than 75k a year as a household and am doing just fine.
would recession hurt? I looked at 50 relevant stocks over 2020 and 2008 recession, across the board they all dropped 50-90%. I have deployed 1/4 of my bankroll at -25%. I am slowing buying at -the 40% threshold. Good ships bad ships all go down in low tide. I have ordered to buy at -60%, -70%, -80% and beyond. At the end of the day my average buy in will probably be -50% to -60%. That will turn a 3 bagger to 6x. I will likely start unloading after 2x (4x for me
@@emilyjacobsen9955
@@kansasmile
@@gagnepaingilly This is truly encouraging... How can i reach this FA?
Feel like a big reason financial messes is that
a person is not being self-aware or honest of one’s self.
Stuff. I need stuff and I need it now.
This husband is a piece of work. And he's unfortunately calling the shots in their marriage.
$200 k p.A.
Cars are a Lexus and a muscle car.
We have $85k in debt....what should we do?
How the heck do these individuals make $200k per year?
Lifestyle creep? More like lifestyle Leap? Can't make it on $200k a year? Try making it as a single mom on less than $75 a year.
Try being a single dad and make it on 32k a year
Can’t wait to hear the call from Stacy when she is destitute and bankrupt.
🤣 Can't make an adult be an adult..
THIS! 👆
Go to the NE from TX and your cost of living goes up significantly.
hi Dave, I drive a 1998 Toyota Camry because of a mishap with the Lexus. I refuse to have a car payment and so I will drive this till it drops and all my c.c.'s are paid and then I save about ?? something for a new/old car for cash. All cuz of listening to you. Well actually my folks too. We
are northern hillbillies.
A Chevy SS is hardly, if ever synonymous with utilitarian vehicles.
Haven't heard that name in decades.
i say this to this caller in Love sister stop trying to buy things for a quick high or to especially impress or try to look like what you should have to impress people u dont even like
When it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it.
Many of us don't know where to invest our money so we invest it on wrong place and to the wrong people.
She helped me recovered all I've lost trading by myself.
Yes I'm a living testimony of Alexander Valentina.
Her successful stories are everywhere...
+14243
How can women in debt like this speak so calmly ? Id be stressing out
Only in America! Can earn $200K and still be broke! Sad state of affairs.
Gotta decide to be a couple kids playing adults with toys to flaunt our income or decide it's time to be real adults and a family trying to grow wealth. Druggies and smokers have to make the same choices.
Sacrifice is never easy or it is no true sacrifice.
Lexus are great cars, but always get a used ones. My 08 Lexus GS does me wonder and it costs me less then 5k
I've had my Lexus for 12 years and it still runs great!
@@jeradkiester698 Yep! And I get my oil changes at the Toyota dealership cause they use the same type of oil that they use at the Lexus dealerships and its cheaper!
They are spoiled and gluttonous. $200k a year with $2800 going to only SOME of their debt?? Wild
A waste of time this phone call is two self-centered people that Have the mindset of a child most of Americans don’t even make close to there income makes you wanna throw up
This sounds like a classic example of people who were “afraid to look” at those CC statements. And then let it pile up. I’ve been there. From experience I promise you it’s always worse when you finally take a look at that tooth that’s been aching in the back of your mouth and find out you need a root canal…When you should have just gone to the dentist. Good luck.
I am single I own my home. I just sold one of my cars. Paid off everything. It feels real good.
All in this video is why I love Dave Ramsey so much. No-one tells it as straight as him. Lol what's your actual question, what's your debt & income, you're getting rid of that car and making some sane adjustments.. boom boom boom! Simple, but not easy!
Living without 85k when you make 200k is a sacrifice? I make 55k and I am content.
Champagne tastes!!
I laugh every time Dave completely ignores taxes. $200k - $85 = $115 and "that's a lot to live on." She said they net about $12k/month, or $144k/year. She's lucky they live in Texas and don't pay state income taxes or their tax burden would be higher. $144 - $84 = $59k. That might be manageable in Austin, TX (I don't actually know) but it's way different than $115k.
She was so quiet 😭😂
Making that kind of money and having no benefit and no one else having benefit, I imagine there is no room for charity here.
Dreaming about moving to the north east? Ugh! I live in one of the largest cites in New England and I'm dreaming about escaping over the next two years.
Boston? Can I ask why you wish to escape, is it too expensive?.. I live in Texas but always wanted to live up in the colder northeast region of the US
@@funkydankspliff I'm far from Boston. Looking for shorter winters, longer growing seasons, away from all cities, and miles from any loud obnoxious neighbors.
My daughter and son in law are almost
Identical to the caller
She lives in Austin, if her car heaven forbid broke down what does she imagine would happen?
Uncle Dave quoting Buckaroo Banzai, ". . . remember, no matter where you go, there you are." 😜
Romans 12:2
And be not conformed to this world: but be ye transformed by the renewing of your mind, that ye may prove what is that good, and acceptable, and perfect, will of God.
Dave said it himself.
They must be spending uncontrollably....200 thousand a year. If only!
Idk how you can make 200k a year and be in debt.
Pay in cash. Period.
Her husband sounds lame.
Can't believe he didn't mute her right off the bat. Lol
I'm Sick of leaving in Texas I want to move to the Midwest in Minnesota
I always knew I had to pay the debts from lowest to highest. But I didn't know how to start (I did but I was confused) then I started watching your videos and you totally converted me I to a beast paying off my debts and want no more. I haven't attended your classes but by watching your videos I learn a lot and the concept of be debt free is awesome I love it. Thank you for your time.
Caller: "HI, CAN Y'ALL HEAR ME OK?!?!?!?!?!"
Get em’ dave!
Dave is the tough love grand champion
I kinda like how Dave Sony count tax and insurance . I mean it’s only 25-30% of your check .
Hi there am just a spectator listening to some of these people that has big bucks, but has to reason within about CUTTING DOWN THE OVER GROWN TREE THAT'S BLOCKING THE VIEW.
people just need to grow up. today's "adults" are still children, with emotional maturity level of 8yr olds. 75yrs ago, nobody used debt for anything unless you were a top .01% who were given something like "credit".