I wanted to give Jack a hug. You’re doing great, kid. As long as you budget and don’t buy an expensive car, you’re on your way to a good life. I know its exhausting right now but it gets better. Just keep saving and live below your means.
Love Rachel & Dave together. So entertaining. And you can just see the empathy on her face during some of these calls. You can tell her ❤ is so big, even when things don’t make sense you see her reaching for the answers because she really wants to help and support these people.
I actually had the money to pay for a washer and dryer because of this program. I’m still on baby step 2 but because I’ve paid off so many of the little bills I was able to adjust one month intensity and buy the set without guilt. It was so freeing like y’all said to her. I am excited to eventually be debt free I see it will happen!!
I was able to get a brand new washing machine because I spent $17 a month on an appliance replacement plan with by energy company . When my washing machine needed replacing they covered everything except for tax and delivery.
Mister Ramsay, I just want to say thank you and share an amazing experience I had tonight. It was thanks to you that I started doing Uber for some extra income because I was tired of being normal. Tonight during an Uber ride, God put a passenger in my car who lost her brother a couple months ago. She just found out recently he left her a $121k inheritance. She was quite distraught and was shooting off all these ideas of what to do with it, including just throwing it away. Although I was a stranger, I raised my hand and offered my advice. Your advice. I told her that this is a great blessing, but don't make any decisions in grief. Don't touch the money until she is able to breathe again because her brother wanted to be a blessing in death, not a curse. It's going to be hard and no amount of money will bring him back. I recommended your show to her to perhaps seek some advice of how she should navigate this difficult time. To Bryan's wife (never got her name as her husband ordered the Uber), if you're reading this. I wish you luck and God bless.
We need to meet Sharon! Thank for great advice, Dave and Rachel, I do not live in the U.S and I still find most of your advice applicable. Greetings from Serbia!
I understand the call about the man with dementia. My parents went through the same thing. They had to separate their assets so the family farm didn't eventually become the property of the nursing home.
I’m a nurse and I believe I know what the caller who had the husband with dementia means. If you make too much and don’t qualify for Medicaid as you age, you’re in a pickle. Medicare only covers nursing homes for up to 100 days. After that, you are responsible for paying it. Nursing homes cost about $7-8k per month and if you have assets or income from a 401k for example, they do a “Medicaid spend down”. Let’s say you need to make $1000/month to qualify for Medicaid in your state but you have an income of $5k. Nursing home will bill you for $4k and Medicaid will pick up the rest. This can go on forever until you’re down to the bare minimum amount of assets allowed. If you’re fully on Medicaid, nursing home can even file to take ownership of your home after you die (in some states). When you set up a trust in advance, your children have ownership of your house for example, so it can’t be taken away. The caller’s adviser was spot on! It’s something so serious and most people don’t know about it until it’s too late. It’s heartbreaking! It doesn’t affect rich people like Dave who can just pay cash for nursing homes, but it affects most of us middle class folks. My advice is to look into this ahead of time, as Medicaid normally has a 5 year look back period.
Thank you. That’s exactly what I thought. I was surprised at DR reaction, it was not compassionate at all to the caller and her children. Nursing homes are businesses and they will take everything she’s got and leave her and her children with nothing.
Thank you. That’s exactly what I thought. I was surprised at DR reaction, it was not compassionate at all to the caller and her children. Nursing homes are businesses and they will take everything she’s got and leave her and her children with nothing.
My question then is if Medicaid is involved does your loved one go to a Medicaid facility? How does that work? Would it be better to keep your loved one at home and have someone come in for a few hours a day to assist with certain duties?
I started in the mortgage industry in 1992. Business was CRAZY busy because everyone was refinancing from 2 digits to single digits. They were so happy. Most people refinanced again and again until 2008
I love your hair Rachael! I know this show is not about fashion, and about finance- but just had to give you that - because you can own that as you wear it well!
I used the high school curriculum for my 11th grade homeschool this year. It made me practice what I thought and now we are moving through the baby steps.
Since we have paid off all the debts, budgeting to us now is more of a reminder of things that we want to pay/give that we need the render for. All bills that come in are paid when we get them. There is a freedom has was mentioned in being in this place.
First found you on the radio on a trip back to Dakotas about 4 years ago. Absolutely love the show and have been doing what you mentioned for years and years and didn't know your program even existed. I've sent many people to look at your shows and listen to you whenever they can. They all need it as this mom evidentially doesn't know the real deal. LOL LOL Thank you for continuing on your shows........they are excellent!!!!
This Ramsey should be a comedian on the side, I’m belly laughing most of the show. Him mocking the guys wife for being too timid. The daughter trying to be empathetic makes it even funnier. These two are rock stars too with their advice
Alex, pick yourself up man. If you were my friend my advice to you is don’t give up any time with your daughter! That little girl needs you more than you can ever understand!! You can do this!!! Please brother!
I just love the debt free screams. I was ready to do my debt free scream on the Dave Ramsay show but I realized I don't have any debt since I was smart enough to not get sucked into the Student Loan trap. But I'm happy I didn't do it though. So back to enjoying the show.
Oh Cole you probably won't read this. No eating out. No eating out of boxes from stores. Steak and shrimp at home is cheaper. Inventory everything in the house. Clear the clutter. Stay busy at home. Do not spend any extra money. I live in your town, I make about half of your household income, I have a cheap house like you I have worse credit card debt than you, and I have never been late on bills and I am turning the ship around and changing course to get rid of all of the debt. You have just got to sit down and look at your expenses and cut out little luxuries and spend with intention. No quik trip drinks. No drive through coffee, etc. I have been going broke with little 5 dollars purchases. You probably have been too.
With world markets tumbling, inflation soaring, the Fed imposing large interest rate hikes, the treasury yields rising rapidly, markets manipulations, and many other factor makes me wonder if people still make profits from all these investing BS.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
Well, I suggest you make a diversification plan because it's been harder to build a good portfolio that stays afloat since COVID. Personally, I garner knowledge from a brokerage Adviser whom I work with, and I've actually made over $350K with their help since February. Very effective defensive strategies are used to protect my portfolio and make profits despite the ups and downs.
@@Dantursi1 I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
My financial advisor is “Vivian Carol Gioia” I found her on an interview where she was featured Afterwards I reached out to her on her webpage. she has since then provided me with entry and exit points in securities I focus on.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
So I somehow ended up with this video in my UA-cam app and Rachel and George's podcast in Spotify, because dave recommended it. I was listening to the episode where Sharon tells the story of how she finally got an engagement ring. I was trying to pause the video, accidentally played this one for dave to say "it's a good value, a good proposition to listen to!" And somehow I thought he was there on the podcast, interjecting the story 😂
@15:00 the only difference isn’t that we have 3% to compare to, the difference is it’s 7% at FIVE HUNDRED THOUSAND DOLLARS. The average isn’t 300k. Not sure what dream world Dave is talking about. It’s not “perception” it’s LITERALLY THE MATH. EVEN IF you save 250k over 5 years you’re looking at a 3k monthly payment. There is no “good time to buy a house for you” in todays market.
I thought having a trust AND a will was the best way to go. A trust avoids probate process and fees, and heirs don’t have to wait so long to get the assets. Plus an estate going through probate makes it public. A trust is not. And a trust allows you to be more detailed about wording.
In March 1986 we bought our “starter” home at 10% which “would never be lower.” We refinanced approx August 1988…and five times after that. We stopped at 4%.
Just curious, with talk in the background of the FedNow progrom, how will this affect our budgets? I dont like letting go og my financial freedom and giving up my control, I am confused with what looks like may be ahead - any advice?
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@JillMiller2 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. 'Bridget Mary Turow", a licensed fiduciary who has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
12:55 - "Interest rates hit 19 in 1982 under Jimmy Carter" Who is going to tell Dave that Reagan took office in January 1981? When Carter left office, 30-yr mortgage rates were ~15
Peggy's lawyer is right. If all assets are in an irrevocable trust for 5 years or more, Medicaid can't touch any of it. Thats the entire point. Great way for Peggy to be able to have money when her husband is gone. Dave is AMAZING, and has created a genius level system that is applicable to the most amount of people and demographics as possible. But he is wrong on things (like any human being), like certain legal advice and investing strategies. He made his money investing in real estate, not MF's. There are incredible investment opportunities with sticks, like real estate, for the people that put in the time, and do the research required.
I would keep the duplex and let it pay more than enough for itself, and should pay down quickly. Although on Dave's point of selling, if they could sell and put that down on the house and have smaller payments that is a good idea.
L am 92 and My husband and I bought Our first home all cash the month before we married. WE have owned 6 homes (all free and clear) and we have never had a loan and we were married 53 years. Elantra 92
Dave. If today’s average % of income used on a mortgage was used in the 1980s mortgages would take 5 years to pay off. Continuously falling rates for 45 years is what pushes home prices up, BUT allow folks to “afford” payments. How much of a crash if any happens within a year?
Not true, that woman does know what she’s doing. If you are older and need senior care, you have to pay a great deal of money for it, if u do not have the funds the state will take your home to cover the costs. Otherwise you can not get the care for your loved one. If the house and assets are in a trust the state will cover the cost, however there is a 7 year window so if u created the trust 6 years ago and the older person needed care. Since the trust is less than 7 years old they could take the home as payment for the nursing home. I know many people in my area who put their homes in family trusts by 65 to protect their family homes
@@evasanz3466 Are you sure, hun? I saw her on the show very recently and she is an excellent fit to Ramsey. Is there anywhere I can see that it's been announced? Xx
43:47 Alex isn’t too smart of a guy. Lost his wife and then his next love interest along with all his money from the house sale. Geez. Time to grow a pair.
I don’t understand how you can choose to drive 1.5 hours to take your kid so you can be unemployed instead of moving her to the local public school, work, and keep your kid
This is a great video, I learn a lot watching your videos and it has always been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to Mrs. Katherine Flores for improving my portfolio. keep up with the good videos.
The guy who took the job in Huntsville…..no one is addressing uprooting the kids from their present school. How old are these kids? They have friends? And then suggesting you can move again if it doesn’t work out? This can be really hard on kids. They might adjust fine and they might not.
His school curriculum design for primary and secondary is not a religious teaching. He leaves faith out of it and focuses on math, financials and morals.
Dave is wrong about taxes not being withheld right away on disbursement of inherited IRA. Wife just inherited one from her Mom and the taxes were withheld on payout.
Dameon comments they might disagree politically -- if everybody got their household income under control we'd expect the same from our country and our country would see success like it has never experienced.
I'm from Australia and I get confused with this too, I think it's our version of a superannuation for retirement? Something like that. 🤷♀️ I just googled and NZ has Kiwisaver that's like a superannuation or 401k, I could be completely wrong though but that's my best guess
This is when it is the best: Dave and Rachel, father and daughter. Thank you and God bless you!
Totally agree!!!
George too
I wanted to give Jack a hug. You’re doing great, kid. As long as you budget and don’t buy an expensive car, you’re on your way to a good life. I know its exhausting right now but it gets better. Just keep saving and live below your means.
Love Rachel & Dave together. So entertaining. And you can just see the empathy on her face during some of these calls. You can tell her ❤ is so big, even when things don’t make sense you see her reaching for the answers because she really wants to help and support these people.
I actually had the money to pay for a washer and dryer because of this program. I’m still on baby step 2 but because I’ve paid off so many of the little bills I was able to adjust one month intensity and buy the set without guilt. It was so freeing like y’all said to her. I am excited to eventually be debt free I see it will happen!!
What is baby Steps
I was able to get a brand new washing machine because I spent $17 a month on an appliance replacement plan with by energy company . When my washing machine needed replacing they covered everything except for tax and delivery.
@@haroldkreiner6122watch more Dave Ramsey and you will understand 🙏
@@Joce123I hope your machine lasted longer than 3 years. 17x36=612. You could have paid for the washer, they were just saving for you.
@@Joce123 ... that is a pretty expensive plan. I don't pay for any kind of plan or home warrenty
Mister Ramsay, I just want to say thank you and share an amazing experience I had tonight. It was thanks to you that I started doing Uber for some extra income because I was tired of being normal. Tonight during an Uber ride, God put a passenger in my car who lost her brother a couple months ago. She just found out recently he left her a $121k inheritance. She was quite distraught and was shooting off all these ideas of what to do with it, including just throwing it away.
Although I was a stranger, I raised my hand and offered my advice. Your advice. I told her that this is a great blessing, but don't make any decisions in grief. Don't touch the money until she is able to breathe again because her brother wanted to be a blessing in death, not a curse. It's going to be hard and no amount of money will bring him back.
I recommended your show to her to perhaps seek some advice of how she should navigate this difficult time. To Bryan's wife (never got her name as her husband ordered the Uber), if you're reading this. I wish you luck and God bless.
We need to meet Sharon! Thank for great advice, Dave and Rachel, I do not live in the U.S and I still find most of your advice applicable. Greetings from Serbia!
I understand the call about the man with dementia. My parents went through the same thing. They had to separate their assets so the family farm didn't eventually become the property of the nursing home.
I’m a nurse and I believe I know what the caller who had the husband with dementia means. If you make too much and don’t qualify for Medicaid as you age, you’re in a pickle. Medicare only covers nursing homes for up to 100 days. After that, you are responsible for paying it. Nursing homes cost about $7-8k per month and if you have assets or income from a 401k for example, they do a “Medicaid spend down”.
Let’s say you need to make $1000/month to qualify for Medicaid in your state but you have an income of $5k. Nursing home will bill you for $4k and Medicaid will pick up the rest. This can go on forever until you’re down to the bare minimum amount of assets allowed. If you’re fully on Medicaid, nursing home can even file to take ownership of your home after you die (in some states).
When you set up a trust in advance, your children have ownership of your house for example, so it can’t be taken away. The caller’s adviser was spot on!
It’s something so serious and most people don’t know about it until it’s too late. It’s heartbreaking! It doesn’t affect rich people like Dave who can just pay cash for nursing homes, but it affects most of us middle class folks.
My advice is to look into this ahead of time, as Medicaid normally has a 5 year look back period.
Thank you. That’s exactly what I thought. I was surprised at DR reaction, it was not compassionate at all to the caller and her children. Nursing homes are businesses and they will take everything she’s got and leave her and her children with nothing.
Thank you. That’s exactly what I thought. I was surprised at DR reaction, it was not compassionate at all to the caller and her children. Nursing homes are businesses and they will take everything she’s got and leave her and her children with nothing.
Become an Illegal Alien and the government will hand you all the cash you can carry.
I was about to say assets get protected to also save them from being stuck in probate and having to deal with capital gains taxes.
My question then is if Medicaid is involved does your loved one go to a Medicaid facility? How does that work? Would it be better to keep your loved one at home and have someone come in for a few hours a day to assist with certain duties?
I get so excited when Rachel is on🥳
I LOVE that intro. It's really the intro I have burned into my mind as the only intro for the Ramsey Show.
I started in the mortgage industry in 1992. Business was CRAZY busy because everyone was refinancing from 2 digits to single digits. They were so happy. Most people refinanced again and again until 2008
I love your hair Rachael! I know this show is not about fashion, and about finance- but just had to give you that - because you can own that as you wear it well!
God bless you and your team, Mr. Ramsey! I enjoy watching your show; extremely valuable and informative!
Y’all are so fun to watch. Endearing to watch dad and daughter helping a lot of people while bantering back and forth. 😁
I used the high school curriculum for my 11th grade homeschool this year. It made me practice what I thought and now we are moving through the baby steps.
Since we have paid off all the debts, budgeting to us now is more of a reminder of things that we want to pay/give that we need the render for. All bills that come in are paid when we get them. There is a freedom has was mentioned in being in this place.
First found you on the radio on a trip back to Dakotas about 4 years ago. Absolutely love the show and have been doing what you mentioned for years and years and didn't know your program even existed. I've sent many people to look at your shows and listen to you whenever they can. They all need it as this mom evidentially doesn't know the real deal. LOL LOL
Thank you for continuing on your shows........they are excellent!!!!
The "debt is dumb" intro is back!!
Love this intro!
Yessss!!! Way better 🎉🎉🎉🎉
Proof that the Ramsey Team IS engaging with comments x
I was wondering where this went! I thought Dave finally had to give up on the “cash is king” bc he realized it’s intrinsically worthless
Well, for the first segment, anyway. The new intro was used for the second two.
So many struggling stories, I like when you take those calls and give advice, thanks!
This Ramsey should be a comedian on the side, I’m belly laughing most of the show. Him mocking the guys wife for being too timid. The daughter trying to be empathetic makes it even funnier. These two are rock stars too with their advice
1:28:26 “Maybe drive your own car” says Dave to the humble 18-year-old calling about struggling to buy a car. 😂😂😂😂 I love this show
Thank you, Dave for calling it “Freedom” to more a specific envelope. I am so hard on myself calling it OCD and everything in between lol.
Rachel over here acting like she had to go through the baby steps 😂
Please turn off the UA-cam commercials. Very annoying.
She didn't have to go through the baby steps but she does use Every Dollar to budget.
Alex, pick yourself up man. If you were my friend my advice to you is don’t give up any time with your daughter! That little girl needs you more than you can ever understand!! You can do this!!! Please brother!
You haven’t failed at all if anyone hasn’t told you that!!
Absolutely, I prayed immediately for Alex and his daughter
He can work a third shift job if they live with his parents
Fantastic shows! I recommend them everyone!
I just love the debt free screams. I was ready to do my debt free scream on the Dave Ramsay show but I realized I don't have any debt since I was smart enough to not get sucked into the Student Loan trap. But I'm happy I didn't do it though. So back to enjoying the show.
so glad the original intro!!!! 🎉🎉🎉
Only for the first segment. It reverted back to the new intro for the second two.
Back to the original intro, awesome!
For the first segment, anyway. Back to the new intro for the second two.
I'm glad Cole called. His call will help so many. Dave's term "Financial Boot Camp" is right on...
Oh Cole you probably won't read this. No eating out. No eating out of boxes from stores. Steak and shrimp at home is cheaper. Inventory everything in the house. Clear the clutter. Stay busy at home. Do not spend any extra money. I live in your town, I make about half of your household income, I have a cheap house like you I have worse credit card debt than you, and I have never been late on bills and I am turning the ship around and changing course to get rid of all of the debt. You have just got to sit down and look at your expenses and cut out little luxuries and spend with intention. No quik trip drinks. No drive through coffee, etc. I have been going broke with little 5 dollars purchases. You probably have been too.
Cool book... by Damon..Thank You..this mission of re-educating the youth on money
⭐⭐⭐⭐⭐ Great show father & daughter.
We paid cash for our house and our kids are paying cash as they build. Never ever borrow!
With world markets tumbling, inflation soaring, the Fed imposing large interest rate hikes, the treasury yields rising rapidly, markets manipulations, and many other factor makes me wonder if people still make profits from all these investing BS.
Hi Kentucky, your profit margin is quite inspiring and stunning for a starter; do you make use of spreadsheet, what is your biggest holding
it's pretty easy when you understand the market pattern. Buy the dip of good companies. lol.
Thank you from Australia
1:31 Nice interview with Damond John of Shark Tank and FUBU. ❤
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
Well, I suggest you make a diversification plan because it's been harder to build a good portfolio that stays afloat since COVID. Personally, I garner knowledge from a brokerage Adviser whom I work with, and I've actually made over $350K with their help since February. Very effective defensive strategies are used to protect my portfolio and make profits despite the ups and downs.
@@Dantursi1 I find this intriguing. Could you please provide me with the means to get in touch with your Adviser? I am concerned about my dwindling portfolio.
My financial advisor is “Vivian Carol Gioia” I found her on an interview where she was featured Afterwards I reached out to her on her webpage. she has since then provided me with entry and exit points in securities I focus on.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
So I somehow ended up with this video in my UA-cam app and Rachel and George's podcast in Spotify, because dave recommended it. I was listening to the episode where Sharon tells the story of how she finally got an engagement ring. I was trying to pause the video, accidentally played this one for dave to say "it's a good value, a good proposition to listen to!" And somehow I thought he was there on the podcast, interjecting the story 😂
Such great bold advice man , yall really saving lives out here man
@15:00 the only difference isn’t that we have 3% to compare to, the difference is it’s 7% at FIVE HUNDRED THOUSAND DOLLARS. The average isn’t 300k. Not sure what dream world Dave is talking about. It’s not “perception” it’s LITERALLY THE MATH. EVEN IF you save 250k over 5 years you’re looking at a 3k monthly payment. There is no “good time to buy a house for you” in todays market.
Sadly this is true. I wish I could find a 250k house.
Thank you for your enthusiasm on the debt free scream Dave❤❤❤❤
Still, you are a with the prince of peace 🤙🏾🙏🏽🤝💕
I find it funny when he randomly starts yelling 😂
I thought having a trust AND a will was the best way to go. A trust avoids probate process and fees, and heirs don’t have to wait so long to get the assets. Plus an estate going through probate makes it public. A trust is not. And a trust allows you to be more detailed about wording.
In March 1986 we bought our “starter” home at 10% which “would never be lower.” We refinanced approx August 1988…and five times after that. We stopped at 4%.
Probably got the house for $80k. Rode the greatest bond bull market in history. Now we are finally turning down.
Borrowed Future is the new Scared Straight.
When you finally get there 🙏🏽 yesss I am def signing up to be a Stuart w/spirit…. Everyday
Life is much better when you stack your Sats and XRP folks
I’m like you Rachel with the categories!
GREAT SHOW!!!
Just curious, with talk in the background of the FedNow progrom, how will this affect our budgets? I dont like letting go og my financial freedom and giving up my control, I am confused with what looks like may be ahead - any advice?
1:44:36 DFS was excellent !! Broke engineers do need Ramsey 😂
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@JillMiller2 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. 'Bridget Mary Turow", a licensed fiduciary who has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@JillMiller2 'Bridget Mary Turow".
Lookup with her name on the webpage
Drop your financial advisor they don’t care about your finances. In the long run you will regret it. It’s just a job for them
12:55 - "Interest rates hit 19 in 1982 under Jimmy Carter"
Who is going to tell Dave that Reagan took office in January 1981? When Carter left office, 30-yr mortgage rates were ~15
Peggy's lawyer is right. If all assets are in an irrevocable trust for 5 years or more, Medicaid can't touch any of it. Thats the entire point. Great way for Peggy to be able to have money when her husband is gone. Dave is AMAZING, and has created a genius level system that is applicable to the most amount of people and demographics as possible. But he is wrong on things (like any human being), like certain legal advice and investing strategies. He made his money investing in real estate, not MF's. There are incredible investment opportunities with sticks, like real estate, for the people that put in the time, and do the research required.
This really works yall
Steve in NY was right. They withhold 20% in taxes on distributions from my inherited IRA.
12:50 mark Dave said the high-interest rates in 1982 were under Jimmy Carter. That is not true, it was Ronald Reagan.
In 1989 I paid 11% interest on a 15 year mortgage
"You own more on your boat than your house?!"
"......... It's a nice boat!"
That's about the most New Yorker response you could find.
I love that phrase Daymond John used, financial intelligence... I am tired of being Money Dumb 🤔
This guy literally asked if 3% is possible by the end of the year. 🤣
You'll be lucky to see 3% in the next 3-5 years.
What does everyone think the plan is when Dave finally retires? I’m thinking Rachel and Ken would handle the majority of the role he currently fills.
46:45 solution- get a job by your daughters school.
Seems like everyone is a "number 1 best seller" 🤔
I would keep the duplex and let it pay more than enough for itself, and should pay down quickly. Although on Dave's point of selling, if they could sell and put that down on the house and have smaller payments that is a good idea.
Hi Waiting on. PODS said that I should wait until the call me back sales pitch from life threw me a curve.
Dear Ramsey, may I know if it is possible to make the Ramsey budget app available to Singapore?
How can i pay for Jack to go to prom?
So wait a minute. We're cutting back on frivolous spending and now we have to sit through selling wallets....😮😮
I thought the same! Only you and I think this way?!
In the 1980-90ies the houses didn't have prices like now either :(
L am 92 and My husband and I bought Our first home all cash the month before we married. WE have owned 6 homes (all free and clear) and we have never had a loan and we were married 53 years. Elantra 92
The average starter home in my state is 450k. It’s overwhelming 😢
The problem is not the interest it's the purchase price.
Papa Dave, do you know i believe I'm the only one who calls you papa Dave, when you said that i was so happy 😊
I call him my older brother
Dave. If today’s average % of income used on a mortgage was used in the 1980s mortgages would take 5 years to pay off. Continuously falling rates for 45 years is what pushes home prices up, BUT allow folks to “afford” payments. How much of a crash if any happens within a year?
Not true, that woman does know what she’s doing. If you are older and need senior care, you have to pay a great deal of money for it, if u do not have the funds the state will take your home to cover the costs. Otherwise you can not get the care for your loved one. If the house and assets are in a trust the state will cover the cost, however there is a 7 year window so if u created the trust 6 years ago and the older person needed care. Since the trust is less than 7 years old they could take the home as payment for the nursing home. I know many people in my area who put their homes in family trusts by 65 to protect their family homes
Love these two!!! ❤❤❤
Where is Kristina Ellis?
@@evasanz3466oh, darn. Bless her heart
@@evasanz3466really?
@@evasanz3466 Are you sure, hun? I saw her on the show very recently and she is an excellent fit to Ramsey. Is there anywhere I can see that it's been announced? Xx
Watching from South Africa & the lingo is unknown to me. What is an IRA and 401(k)?.
It sounds like they both different forms of retirement plans.. also watching from SA
I love Ramsey. Unfortunately disappointed and wildly surprised at Rachel’s product push for unnecessary merchandise.
Colorado got californicated. The average price for a home in Boulder is $1.5 million.
Anyone know the song at the 10 minute mark?
43:47 Alex isn’t too smart of a guy. Lost his wife and then his next love interest along with all his money from the house sale. Geez. Time to grow a pair.
I don’t understand how you can choose to drive 1.5 hours to take your kid so you can be unemployed instead of moving her to the local public school, work, and keep your kid
Or get a part time job close to her school.
This is a great video, I learn a lot watching your videos and it has always been helpful to me. Building a steady income is quite difficult for newbies.. Thanks to Mrs. Katherine Flores for improving my portfolio. keep up with the good videos.
I'm surprised you know her. I've been making a lot of profits investing with her for a few months now.
Mrs Flores changed my life because of the high profits I got from investing with her.
You invest with Mrs Flores too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
What are the baby steps of the plan?
You can google it
First caller perfect example of why you need purpose in your life. So you paid off all your debt. Now what?
300k is cheap in Canada average is around 800-1,00,000K
The guy who took the job in Huntsville…..no one is addressing uprooting the kids from their present school. How old are these kids? They have friends? And then suggesting you can move again if it doesn’t work out? This can be really hard on kids. They might adjust fine and they might not.
Unless there is another crisis, rates are not going down in the next 5 years. We'll see 10% rates again.
I’m very surprised that MI allows Ramsey curriculum in the public school since Ramsey is a conservative Christian and MI is very liberal.
His school curriculum design for primary and secondary is not a religious teaching. He leaves faith out of it and focuses on math, financials and morals.
Bravo 👏 👏 👏 Jack of Memphis
Dave is wrong about taxes not being withheld right away on disbursement of inherited IRA.
Wife just inherited one from her Mom and the taxes were withheld on payout.
I would not be taking advice from anyone under the influence of alcohol. LOL.😂I am sure Rachel's show is very entertaining though.
It's rare that they actually finish a drink on the show. It's just 30-35 minutes.
Gotta love it😃😄😀🙏🏾💖
Dameon comments they might disagree politically -- if everybody got their household income under control we'd expect the same from our country and our country would see success like it has never experienced.
43$ for a budget wallet 😮 yikes
It was 10% in 1990, when I bought my first house
Please May the sexy jazz saxophone never go away!!!
What’s a 401k sorry I from nz never heard of it
I'm from Australia and I get confused with this too, I think it's our version of a superannuation for retirement? Something like that. 🤷♀️ I just googled and NZ has Kiwisaver that's like a superannuation or 401k, I could be completely wrong though but that's my best guess
she needs to contact an eldercare lawyer