If You Don’t Follow Through on a Plan You’re Going To Lose | June 5, 2024
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- Опубліковано 4 чер 2024
- The Ramsey Show (June 5, 2024)
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Jade Warshaw & Ken Coleman answer your questions and discuss:
- "How do I explain why I was fired from a job?"
- "What's the best way to buy a car?"
- "We have buyer's remorse about our home,"
- "Am I wrong for questioning our marriage?"
- "Should my husband buy his dream car for $150k?"
- "I have no debt but I'm still worried about money,"
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*Hallelujah 🙌🏻!!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻. I was owing a loan of $49,000 to the bank for my son's brain surgery, Now I'm no longer in debt after I invested $11,000 and got my payout of $290,500 every month…God bless Mrs Christy Fiore ❤️*
Hello!! how do you make such monthly, I’m a born Christian and sometimes I feel so down of myself 😭 because of low finance but I still believe God
Thanks to my co-worker (Alex) who suggested Ms Christy Fiore.
She's a licensed broker here in the states🇺🇸 and finance advisor.
After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.
Can I also do it??? My life is facing lots of challenges lately
I like how Jade doesn't overreact to someone's debt, no matter how large. She's been there - she knows it's possible to get out from under it.
She actually did get speechless the other day with a young woman who had a 90k car loan making somewhere around 30 k
@@rjbarling89sweet jesus
@@rjbarling89 yikes 😱 😂😂😂😂😂
@@rjbarling89as she should cuz ummm what!?
@@rjbarling89 She was speechless because of the woman's stupidity.
Spending 150,000 on a car seems like a silly purchase no matter how much money you have, in my opinion. Guarantee it will be scratched on purpose within a week.
I love Ken, he’s so wise and respectful! I can tell he truly respects Jade’s wisdom for answering people. These 2 are so perfect for this! Thanks y’all for all the wisdom!
The comment about the dog…sounds like George and the comment about the horse! 😅
Jade be like”do you have any animals…get rid of them” 😆
Ken shocked about the price of nails 😂 so funny
With the porche couple I wish they would have brought up saving with a purpose in mind because I think a lot of the wife's problem was seeing money go to something that didn't have a plan. Next time, assign a job to all of your money. Saving for retirement. Saving for a pool, Saving for a car. Whatever it is, give it a name.
Plus, I thought I heard a baby in the background.
Love this week’s hosts, George, Jade and Ken are all 🔥🔥🔥
Regarding in debt couple with the barking beagle, I have another option.
I had a sheltie that barked all the time. Drove me and my neighbors crazy.
I found a book at the library on how to teach your dogs to bark on command.
Took me months but it worked!
Yes, what happened to Jade that caused her to dislike dogs so much? Seems like any dog issue she says get rid of it. There’s better ways to handle those problems.
I knew a guy with a smaller business whom preferred to hire employees with a checkered employment history. For him, they often hired in at slightly lower wages and were differently motivated. He had 3 levels of probationary periods (30, 60, 90 days) and hourly increases at the completion of each.
That's a great niche.👍
Aiden from CO - go to college and get your Mech E degree and earn big money and help out the kid and mom, the business can be started later in life or the on the side after your degree. Speaking as an EE making over 100K.
I find it hard to believe he’d get fired for a 2nd time late! Maybe they wanted him out and that was an excuse. Or he’s lying.
He said it was for lateness, but then he said it was for stealing time, but then went back to saying it was for lateness.
My former neighbour was a "telephone actress." Her colleague was fired for missing a single day of work due to illness.
Yeah, all of us would be loosing jobs left and right
My brother works at a job that fires you if you're late 2 times. He's been late once already...
@@DarthFurieyea some jobs honestly are more strict than others
I would live in A caravan in a field rather than get rid of any dog that I have owned. If they have money get a dog sitter. He needs some to play with. I just liked Ken the most from what he said .
Back to back nights with Jade! Let’s go!!
Jade is 100% correct. That dog has already cost her $800, and they have MASSIVE debt. Bye-bye Doggie.
Tracy should encourage her son to max out his Roth TSP and live off his savings! When he gets out he can then transfer it to a Roth IRA. If he gets deployed he can even add more than the regular limit.
I agree, wish they would have talked to me. The high yield for emergency is verified though.
If a husband is calling it "her house", regardless of a prenuptial, it's not a marriage. A marriage is a partnership and that is not.
I’m really happy to see jade back in braids. In my humble opinion those braids make her face shine.
Love this show!!
Love the whole team!
Dave you’re the man!!!
Sarah and Taylor wanted to brag about their 700k annual income. Of course you can buy the car 😑
Jade didn't ask what their net worth is. That is always one of the questions that is asked when someone wants to buy a new car.
@Jetup24 Excruciating. It truly was. I liked Ken’s suggestion about finding a second-hand 911 because there’s bound to be several people with extreme buyer’s remorse spending that much on a car that needs a full-time bodyguard of its own. 😂 The emotional sparkles wear off quickly sometimes.
@@gootyeriz Yes, she did at the end - came back and checked that they were millionaires. I guess at that point it doesn't matter how much.
@@Trustbutverify2651She did. I listened again. I guess I tuned out after they said they could buy it.
@@BeeDee-qs9so Indeed! 💯
1:50:00 it sounds like Heidi works with autistic people through the Medicaid HCBS waiver system. Those hourly rates are set, because they're ultimately paid via Medicaid, and it's a flat pay rate (at least it is in my state). I've been a paid provider for a disabled person for a number of years. The only way I get more per hour is when Medicaid mandates it through the waiver. If she continues working through the waiver system, I don't see her income increasing, no matter how much income she has. But maybe her state is different than mine.
The husbands truck would go before my dog does..
They need to hire a trainer. It is not healthy for the dog to be barking all of the time
My friend has had two different sets of a beagle and a dachshund and they are great together. They entertain each other and she lives in a regular subdivision with an HOA and no complaints. My dogs motivated me to make more money, get debt free, and buy a house on an acre. I would never get rid of them.
I love your show ❤️ God bless.
@5:08 Ken is out here describing ADHD and honestly that explains a lot lol
1:06:38 looooool he confirmed the adhd. Welcome to the club hahaha
Appreciate the work you all do over at Ramsey. God bless.
I wish people would stop saying I’m sorry when they are speaking the truth!
There are no gift taxes, unless you’re giving away more than $12.6 million. All you have to do is file a gift tax return and it takes away from their life time gift limit. The $18k annual gift is exempt from the life time gift limit.
1:31:03 Really like the way Jade is walking her through this and talking the caller off the ledge.
45:28 You guys forgot the "asset test". For a "New vehicle" purchase they have to clear the "$1m Nett" Worth Rule FIRST!!!!
She said they recently did silly Billy
"I can stop for snacks". Gold.
For the caller wanting to buy the Porsche, I think Dave would have said to pay off the home first.
When Dave talks about getting debt free he says live on rice and beans, beans and rice and "live like no one else so you can live like no one else." It sounds to me like they have been living like no one else and they have paid their debts off except the mortgage and his income is incredible so now he can live like no one else and buy the car he loves, which incidentally, he has enough cash to pay for, so I would say go for it...totally guiltfree. I think Dave would agree to this. I certainly don't mean to speak for Dave but I have never heard him say anything that makes me think his austerity program is meant to be adhered to for the rest of your life. Even after you buy this beloved car, if you buckle down to it you should be able to get TOTALLY debt free, INCLUDING the mortgage in a very short period of time and you will have that awesome toy to play with.
It was fun talking to those if you in the live chat! Have a great rest of the week!
For the very first caller, ignore everything. The personality said you do not owe anything to your employer and vice versa. Just lie to them. No need to have weakness on your end and potentially not get a job because you told the truth. The only thing I take from this is do own up to it and stop showing up late
Ken's commentary on the nails has me 😂😂
And $84 is a steal based on where I live!
Omg Jade and Ken...and George just before!!! Screeeeeeeeaming. ❤❤❤❤❤❤❤❤❤❤
I'm glad Jade asked what that was because I had no idea what a 911 was either. When I saw the picture displayed on the screen my only thought was, "Good grief. As banged up as my knees are I would NEVER even be able to crawl into that car. It's too little!" It's fun getting old!
I wouldn't call Jade an "economic expert". She knows The Ramsey Way well, but not Economics.
I love when jade is on and she makes the guys seem less cheesy. I would love to get more money facts and full financial pictures for each guest before advice is give like Dave does. But this was a great show.
rehome the beagle OR increase income.🤔
I know how Patty feels.Ive been flat busted and it is the worst.
Now I'm out of debt life is good but still have a paralyzing fear of going bust
Why not both for the caller trying to decide if he should go to work or college? It takes a few years to know what you want to do once you graduate. I suggest working 2-3 years in a field of work you are interested in while taking a couple of night classes at your local community college. If you want to further your education after 2-3 years you have some money saved, work experience, and credits towards the education you want to pursue.
Ryan, youre making 130K in your younger twenties and still spend more than you make. You better change your habits otherwise youll be broke your entire life no matter how much income you make. Getting this much debt while making that amount while only having a little time to build that debt up at age 22 is so bad man...
Renee from Grand Rapids, . It sounds like your husband gave into your want for a new house and to avoid conflict he said yes and later regretted it.
That was totally the vibe that I got too. Surprised that they didn’t press her more on that.
I believe the FTC has banned most all non competes. Starting in September of 2024. The companies are supposed to notify everyone that they had sign one, that are no longer allowed. If I have that right.
As the work personality I am surprised Ken didn’t mention the new non-compete rule that bans most non competes & will make employers stop enforcing current ones starting in September
Jade is not mad at you!
I would not want Jade mad at me!😅
100,000 thousand dollars in student debt to make 86k combined income *sigh
I paid 4k for a CDL and earn 100k+ Young people are getting screwed.
Net 86k... they are making 12k a month lol
@@Snesboy09 Same but paid 1500 for it lol
No compete clauses usually have a mile radius listed.....so even if he starts liniing up clients, they could take legal action. He needs to know the exact wording of the clause before doing anything.
Aidan, responsible????? Absolutely not. The guy has a baby and he’s not supporting the child. WTF.
All he said was that there was no formal child support. We don't need the government to mandate the money. It sounds like he's taking an active role with his daughter. A present father is one of the most important things a child can have, it sounds like they're making it work and he's not just a paycheck. It sounds great to me.
Chill Paul, we love you babe.
@@BlakouttheMM Without the government, his definition of supporting the child would be buying a T-shirt once or twice a year. Get real.
@@johnparker4484 You sound just like a deadbeat who refuses to support their children. Sorry I hit a nerve.
@@paulh1745 he said he was present and being a father. My mom's best friend is a single mom and even though her and the father are no longer together, he continues to have the kids regularly and be present as a father. They have no formal agreement either.
I have no idea why you think a guy sending money and never being there is better than him being a dad and co-parenting even if the mom no longer wants to be his partner. He sounded like a very nice young man, the sort of guy who ditches is usually a thug or a deadbeat. Getting a formal agreement will just drive a wedge between them.
Caitlyn get the house and love your dog. "get rid of the truck. "Loving Families" sometimes dump dogs or turn then into kill shelters.
1:02:30 Jade grateful for comrade
Why would they purchase this new house without selling their current house. They wouldn’t have needed to take out such a big mortgage…
On the married dental couple. I want to know the prenup on her college debt !!
Take a look at the Tesla Plaid before the 911 , 1/2 the price , way faster and save on gas . !
Is there such a thing PERFECT???
What I can't figure out is people like the last two callers who have plenty of money and are trying to decide how much they are going to give their kids. Why are they not talking to an accountant and an attorney to check out the ramifications rather than call in to a radio show? Clearly they could afford to get professional advice. As for the caller Mike from Chicago who is thinking about a potential $250.000 - $300,000 gift to his kids on top of college - likely not the best idea to give a large gift like this all at once if you want your kids to understand what it means to work for a living.
Right? There's no tax on the gift if you are under the lifetime limit. The limit only means you have to file the gift tax return. But there's no federal tax on gifts till you exceed that 12m number they mentioned.
Let’s face it, they’re not going to get the same emotional “buzz” from talking to an accountant or attorney as they get from calling into a show where they’re going to receive the fifteen-minutes-of fame adulation of impressed listeners. 😮😎
They didn’t ask Sarah and Taylor how much they had in their baby step 3 and they have to be debt free mortgage and everything to buy a brand new car.
They didn’t even ask the couple about their net worth, the ones calling about the 150,000 car. Dave says not to buy a new car unless your net worth is 1M, I assume it’s that much but they didn’t even check at this point
They did. It was towards the end of the call.
@@SKC1913 She didn't ask, just if they were millionaire. Their money could be tied up in properties rether than in the bank
@@hollystiener16 Never mind which it is. The question wasn't that serious. They just liked the bragging factor on radio and You Tube. The people who call in with a real question are asking about a $70,000 car, not one well over $100,000.
Buying a 150k car when you just crossed $1mil net worth when you make $750k is insane. They’ll be calling in 4 years saying they can’t make their life work when she stops working and their income drops to $400k
Julie, the caller wanting to gift $50k to each of her kids should be able to give the full amount with likely no tax, unless they are uber wealthy. Jade's advice saying they would have to pay gift tax is incorrect and a very commonly misunderstood rule. The $18,000 limit just means it doesn't have to be reported to the IRS if the gift is under $18k. Julie can still give $50k in a given year. She will just need to report that at tax time by filing form 709. The excess amount over $18,000 ($32k in her case) will then go against the lifetime gift and estate limit of $13.61mm, as of 2024. She would only ever pay tax if her estate and total cumulative gifts above the annual $18,000 limit exceed $13.6mm. For 99% of people this will never apply to them. The $13.61mm is set to reset to $6mm in 2026, but even then, the gift tax still won't apply to most people.
Would the receiver pay the tax on that gift? Would it be considered income?
@user-uh3cg3iv8i No, the one gifting the money would be responsible for any tax due, but in this case there wouldn't be any tax due.
Did Jade learn nothing from George and his sell the horse fiasco?
Anthony needs to run!!!
😂😂😂
love when rich people call in to "ask permission" to buy something that they can obviously afford easily. All they wanted to do was get their 15 seconds of fame being on air. not even a real question. i wish the show would take genuine questions not show off "questions"
YES.👍
How about starting an Engineering company that solves problems.
for Heidi the state pays so she can't go on her own because people won't pay out of pocket. plus AZ is a right to work state that keeps wages low in general cause it USED TO BE a low cost to live state. All agencies seem to contract out and then they contract out... the employees get paid a fraction of what the state pays the agencies.
Heidi (57 - wants to make more money.) A good first step for you would be to visit your local community college. My guess is with your income, any program you chose would be paid for with financial aid and almost any class can be taken online now if you can't attend classes. There are programs that match your experience that you perhaps have not even heard of. There are also programs targeted for women. Even something like a teacher's assistant would raise your income and also provide you with health insurance and other benefits which may become important before you reach Medicare age. Being a teacher's assistant would mean you could have summers and weekends to also earn extra money. Normally this would be a two-year program, but taking classes in the summers would enable you to complete this degree in 15 months.
Gifts over the $18k in 2024 are just reported to the IRS via a gift tax return and is accounted from your lifetime gift tax exclusion of +$12.92m at the time of your death. No one is "paying" a tax until they've reached the lifetime amount. Jade's comment implies the caller would be paying taxes for giving a gift.
Forget the Porsche get a used mustang convertible for $15,000
18,000 in 2024
Aiden can get a mechanical engineering without debt. Or an 18 year old can have a dream of running a business? That’s a no brainer
👍🏻
Don’t get rid of the dog don’t be heartless
Re-homing a dog isn’t necessarily heartless; if anything, it’s an opportunity to find pup a new environment with the potential of a big yard and lots of room to roam, bark, forage and generally be doggedly happy. Sounds like Fido may even have issues resulting from mom and dad’s numerous moves, which may have caused him some ongoing anxiety. We’ve parented a few dogs and cats and as you likely know, they pick up on stress as much as humans do.
Heartless is forcing a hunting dog to live in an apartment, alone 60 hours a week, while his pack is out hunting down a living. Breed/lifestyle match is important. Way out of whack here.
It isn't a bad solution. The dog is probably unhappy or untrained if it is constantly parking. Cannot be good for the dog.
How many times can jade say “im not mad at it”? 🤦🏻♂️
This lady can work can in special ed at her public school. Yes she can start her own business as a behavior therapist she need to go to the state and federal and get certified by them.
That requires passing an examination for the lowest level. The higher level requires a master's degree and at her age, she would be retirement age before finishing 6 years of college.
Jade, is there a way that I can reach out to you about how to help a young person with your advise? Please let me know. You are so straight forward and honest!!!
Abigail wrestling with question about husband traveling during the week for a higher income - first of all, this is not a full half of the year as he would be home on weekends. Secondly, for a short period of years with a specific goal of paying off the house - I say, go for it. Military and other families make more sacrifices than this all the time. You will have so many more options later if your home is paid for, including if one of you wants to stop work, is disabled, etc. It is one of the most comforting feelings to know that in uncertain times you have a roof over your heads regardless of what pops up. One parent away from home with a 3 year old is not the same as with elementary and high school children in activities and sports when a Dad would miss so much. You can still plan any special event on the weekend - a young child is not going to know when the "real" birthday is for a few years. In addition, if your husband really wants to do this (for whatever reason), and you become the reason he can't, that can build real resentment later. My FIL wanted to take a job in Washington DC during the week and my MIL would not let him do it for HER sake and that of "the family." He always resented missing the opportunity. The one fly in the ointment that you need to consider is if your daughter or you get sick - then it's really hard to be by yourself with a young child unless you have backup. I know you'll look at all the angles and do what is best for your family. I did find it ironic that Jade and Ken stressed "the family" so much in your situation, whereas in other situations they often say the opposite.
Heidi from az go be a massage therapist
Anthony from CA....tell your wife to take that prenup and shove it. Divorce the control freak and go marry a teacher who makes $80k a year and live happily ever after.
17:01 there is no such thing as a “steady woman”. I’ve been married for 18 years. Before that I had dated a plethora of women, and for this woman to think that she is steady is beyond ridiculous.
Clearly you were looking for something in women other than the "steady" factor.
Pff 911 it's not even a good-looking car. Might have other merits
I disagree with the advice Aiden got. He has an opportunity to go get a Mechanical Engendering degree for free and they told him to do a business instead? Dude- get a degree and then start your own business. It will open so much more business opportunities. Imagine you have all this extra knowledge and you are completely debt free!! And then you can do whatever business you want. And as for planning on supporting your baby, get a part time job and work summers and support her that way. What an asinine comment from Ken.
Ken, really?? Recommending a 57 year old with no tech knowledge to spend 15k on the tech school you recommended? Come on, that is a low chance of success. You’re one of my favorite hosts, but that was terrible advice.
Yes, that was downright odd.
Aidan, responsible????? Absolutely not. The guy has a kid that is not supporting. WTF.
I responded to another comment and listened back to the call to make sure that I understood. You're completely off base. He never said he was not supporting his daughter, just that there was no formal agreement. I think that's wonderful. We don't need the government to force this kid to hand over money. He's an 18-year-old kid who ended up with a child by accident. And he said he was considering skipping college and going to work right away so he could support his little one.
In a world where people are having unprotected sex more often and at younger ages, there's a lot of depressing single mom situations. This young man is staying present. He does not need to be called irresponsible because he and the mother have worked out their own agreement.
@@BlakouttheMM You sound exactly like one of those self proclaimed, devout Christians, who blindly support a Godless leader Donald Trump.
Sarah & Taylor - Richmond, VA - buying the car of his dreams (in red) - again, why are they not checking this out with an accountant instead of a call-in radio show? Ken said "America wants to know what car." I think KEN wanted to know what car! Red is a magnet not only for police, but for thieves. Not sure it would be a good idea to park that anywhere in Richmond and even thieves could follow someone to their own home and garage. Times are not particularly safe in major cities right now.
Don't worry, the democrats will protect us from their voters. 😂😂😂
On a related note, I find it sad that 90% of the cars I see are no longer in colour. They are either white, black or 'greyish.' When I count the drab, monochrome cars going by, it sometimes takes FORTY of them until I see a single red, blue or (very rarely) other car.
@@myoldvhstapes My husband and I just love our admittedly low key, reserved, somewhat boring, classically beige/silver vehicles. The only red vehicles being driven around here are either rentals by people on vacation or ones being driven by the Fire Department. 😅
@@myoldvhstapesI think white and silver cars are popular because they look cleaner than dark colored cars.
@@myoldvhstapes We have the snot mobile. A delightful snot green/brown Zafira 😂 It’s ugly but it’s all ours!
For years Ramsay has proclaimed housing prices aren’t going to go down. But they have gone down and they are going down. That is the fact. Be patient.
When are we going to talk about divorce being the biggest killer of wealth? You can do everything right in a marriage and it still happen to you. Over half the population goes through it and it sounds like over half the callers are going through it yet you preach marriage after a year or 2. Sometimes it’s unavoidable, how do we make sure we aren’t on the wrong end of the financial resolution that our govt decides for us if we do get hit with divorce?
@theramseyshow @daveramsey @rachelcruz @kencoleman @jadewarshaw
Divorce doesn’t kill wealth. It may divide it among two people, but the wealth is still there.
Dave is a mega church Christian, the divorce rate could be 99% and involve a public flogging and he would still be preaching marriage. 😂
Divorce almost never "happens" - the signs are ALWAYS there for those who look for them without jumping into marriage. Did you check the credit report and watch carefully how he or she spends money? Did you observe how he or she treated other family members and neighbors? Did you listen to the "joking" comments colleagues made about how he or she treats his or her employment situation? If he or she has kids, do you notice if he or she puts them first or you? Can you live with the kids of another spouse? How is he or she spending time? Did you figure out his or her love language and if you could provide affirmation in that area? And the divorce statistics include people with multiple divorces, not just a first-time divorce. In addition, a lot of divorce happens due to immaturity and the inability to live with someone who is not like you want him or her to be. People RARELY change - choose well and only based on what the person is actually DEMONSTRATING every day, not what he or she says.
U know Ken throw off Jade....she usually on point....with the Porsche guys, I was over here egging you on to ask if they were baby steps millionaire. We have a strategy Jade....let's not deviate....
Thanks Ken for having a heart! Who would give away their dog? 🥲🐶❤️