My Husband Is Making All The Financial Decisions
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- Опубліковано 7 лют 2025
- My Husband Is Making All The Financial Decisions.
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My X wife and I shared the financial decisions. I earned all the money and chose the investments so I would not have to work until I died. She spent all the money and when I told her she would have to cut back she told me "NO! You have to make more money." I got rid of that mill stone around my neck 34 years ago. The divorce was expensive but worth every penny.
$120K yr salary in their 20's with only $90k in house debt left....they're doing a whole lot better than the rest of America. And with a salary like that, they should be able to pay off all debt in the next 24 months.
Except they have more debt because the rentals are debt but she has no idea how much.
With all due respect, guys. I completely disagree with most of you all above me. They don’t have major debt outside the house, which is good. But, he’s getting ready to get in much more, risky debt and his wife has no say in any of this! How is this doing really well??? Dave is right!
Tish Dave made millions off real estate before he was 30. However he often suggests people not to follow in his footsteps.
You’re right. Dave did make millions before he was thirty, but you forgot to mention that he also lost EVERYTHING and filed bankruptcy at the age of 28. He has said many times that real estate is a great way to build wealth, but only if you pay cash for your properties. Taking out mortgages to invest in real estate is what Dave tells people not to do.
Dave allows people to take on debt only on certain situations. 1) is via a mortgage. Baby Step 3B is for saving for a down payment on a home. Dave made millions leveraging debt to buy real estate but he made the mistake of over leveraging himself. It’s a good lesson to learn early on in real estate.
A 15 year fixed rate mortgage is the only debt Dave would tell others to get into outside of that his answer is always no.
elevate4eva, with all due respect, you’re only 1/2 correct again. BS 3b is only meant for the family home, not for investment! It sounds like you haven’t known about Dave for a long time. If that’s the case, keep watching/reading about/listening to him and you’ll learn much more financially sound stuff. If you do know a lot about Dave but still chooses to do your own thing, that’s perfectly fine. Just don’t misrepresent his values to others that might mistakenly listen to you ;-)
When buying real estate - in my opinion - it depends on how cheap you can get it, how much value you can add when you fix it and of course where the flat or house is ... If it is done reasonably, the rent pays for the bank (fixed interest 10-20yrs) and pays for calculatory fixes, missing rent and auxiliary cost and you have a reasonable amount of equity in it, like (50-70% after the fixed interest interval)-> the mortgage should not be a big issue and you can build wealth relatively quickly -> its true that there is risk, but if you invest there is always some risk involved ... I agree however that the 0 "down payment strategy" often will end in desaster -> especially if your networth is in no relationship to your total debt anymore.
For "HIS" retirement... that says it all....
Comparing Dave’s bankruptcy (when buying real estate with ARM loans) to somebody buying assets of fixed 30 yr notes is comparing apples and oranges. Not to mention more stringent lending principles.
Nick C you are right- Dave never is honest about his bankruptcy. It’s virtually impossible to do that today with a 30 year fixed and the reserve capital banks require.
Yeah, I like a lot of Dave's advice..but I had to learn from a 3rd party how he ACTUALLY went bankrupt.. and he was dumb AF.
Yeah he can’t go against his shtick
Both have to make financial decisions together. There can't be a marriage without both working as a team. There's too many people commenting on the wife not working or whatever.
We don't know what their family arrangement is and it's none of our business. What matters is that the caller and her spouse works as a team with ALL their decisions, including financial decisions.
Do you think everyone on a football team is involved in calling the plays? No. Teams have leaders and leaders make the decisions.
Good thing a marriage is NOTHING like football.
@Kimberly Cullins
Do you deny that teams have leaders? Name one instance of a team which has no leader.
Kimberly Cullins amen to that!! 😂
Leadership in a PARTNERSHIP does not mean making unilateral decisions without the input of the other when the entire family unit is at stake. Once the financial move reaches a certain $ amount it needs to discussed, just like he wouldn't want her to choose their kids' schools without his input etc..
Exactly there needs to be balance in a relationship, when it comes to finance's.
Deison D ,needs to be balance in all aspects of the relationship.
bigfanofbraxtons indeed.
What if one partner has no knowledge about finance? Should that partner be allowed to control decisions on the finances
If someone doesn't know anything about money, they should learn like a grown-up and then make decisions together. Personal finance isn't that hard to understand.
The basic PRINCIPLES of personal FINANCE might be simple to comprehend, but IMPLEMENTATION is quite another story. And this is made infinitely more difficult by the continual corporate promotion of CONSUMERISM.
* As we all know, financial problems are a major factor contributing in marital conflicts, and of course, legal dissolution. And with a better than 50% divorce rate, and NO-FAULT divorce, MARRIAGE for most MEN - especially those in the middle income bracket - is a game of [financial] Russian roulette. Except there are three bullets in the [six shot] revolver instead of one. *
Then there is the problem of fiat currency, the Federal Reserve system, and of course, government spending (-which drives inflation).
I worked as a receptionist in an estate agency (real estate) and the financial advisor we used told me he had loads of debt and that I should get into debt for my credit score.
Glad to hear it! Good job sir
I wish I would have find this channel sooner, especially to forward to other people! It’s good to have another to say it.
Dave's comment about rental properties was spot on. I hope this family is doing okay today.
Dave you were buying your realestate when you bankrupt with ARM mortgages. The bank called you your loan and you couldn’t pay it and you couldn’t refinance it. Be real with your listeners on the specifics.
30 year fixed mortgages with banks requiring reserves income makes lending today for cash flow properties very safe. Just make sure your cash flow properties are stable and qualify your tenants and you are good.
I would like to say one thing. Beware of bad financial advisors. If a financial advisor is not telling you to get out of debt and save $1000 for emergencies first; then run the other way. Don't walk, run.
If husband has 100% control of all the finances, it's financial abuse. If she wants to leave, she won't be able to. If she has children, she is trapped. If she wants to get a divorce, she can't afford a lawyer.
I bet she has no problem with him making 100% of the money though.
Maybe husband should give her monthly check for her divorce fund to stop abusing her
Dave is the financial Dr. Phil.
My wife wants zero to do with financial decisions. I tell her everything that goes on and try to get her feedback all I get is "whatever you think is best". We do well and only have our mortgage debt wise but I always want to make sure she is involved - she just isn't that interested.
lol, me too. until she wants a vacation.. all of a sudden my $2000 boat is a problem hindering $8000 to go to florida LOL
I’m in the opposite position I do all the money stuff because he doesn’t want to do it. I make sure he has money in the budget for personal spending but when he wants something and I say we need to budget for it he sulks
@@elizabethweber390 that's exactly what they do
Every time my wife wants to "make memories" it costs me $3000
He’s the man. Hello!
Sounds like "Father-In-Law" is part of the problem.
As great as flipping houses sounds, it’s a risky business, and it’s not for everyone! So what if Dave Ramsey did it! It may not work for every couple, and each couple needs to make decisions that work for the BOTH of them and THEIR relationship!
This call had nothing to do with flipping houses.
You're being subjugated, baby girl.
Husband accumulating wealth from family inheritance is kept separate. Buying property for himself only. Is that normal.
he's young so he's getting a head start, setting up his income so when he gets in his mid forties and fifties he can relax and then retire at 60 or 70 with so many source of money coming all around
Daniel Garcia Not if he goes bankrupt from buying properties on credit and loses his shirt like Dave did.
Nope he’s on a pathway to divorce, marriage is a partnership. He’s approaching this very wrong.
In every relationship only one person takes care of the financial problems. One really steps up , it just happens. Could be man or women . It always helps better if both ppl join together to handle Finance
So what you are saying is that having two smart reasonable people is better than one?
@@dr.d3011 if both are smart , it will make life smooth 😎 👌. Both on the same page
People like to say that Dave is old school but he's not really, Old School is when men DID make all the decisions and handled the money and the women stayed barefoot and pregnant in the kitchen!
And my wife can’t seem to realize until there is a WE then we aren’t moving forward.
Great advive dave
Did she mention what she does for work? I think my understanding is her husband works 2 jobs. He feels that he is able to invest the money he is earning?
good
That's a form of domestic violence believe it or not. When anyone makes all the decisions and the other one has no say, it's dangerous and abusive.
Domestic violence? Give it a rest. We really don't know the intimate details of their relationship. Yes, she should have a say in the spending/investment. They need to counsel with a financial planner to help get them on the same page.
LOL wut?
well she should divorce him then
No it isn't.
No it isn’t.
The other spouse should have a say and basic understanding on how the investments work.
It’s hard when one spouse puts all the time in researching and learning about the investments and the other spouse wants to play arm chair quarterback with out putting any time in.
Put more time and to get an equal say. Her approval is still important from a base line perspective.
He shouldn't swear or use substitute swear words, such as for the f word.
Maybe I missed it but I never heard where she is contributing to the family finances. Is she sitting at home armchair quarterbacking and calling Dave? Probably. Sure, she should be involved in the decisions. But don't sit there and poo poo the provider while you are the beneficiary of their work. Be involved in the due diligence. Go and help. Put up or shut up.
That's kind of what Dave said.
If he is managing the income appropriately and she doesn't, then he is being responsible for the family.
Dave you need to listen to Tom Leykis
Bobby Drives Hellóooooooooooo Tom
Yep well said.
If rationally minded MEN want to control their future, and have maximum FREEDOM to run their lives they way they want to, then they should NOT consider MARRIAGE until they have achieved their GOALS. And that includes a self-determined level of FINANCIAL SUCCESS.
However, with NO-FAULT divorce, MEN are always at RISK, especially middle class men who are usually RUINED financially.
Her husband is doing samething that made dave go bk.
I have a separate account from my spouse. I do what I want.
Your name stinks!
Wait till she does what she wants... that comment that you made has me snickering. It's going to be a surprise for you down the road and it won't be a good one
@@Jane5720 Beta male!
I bet without the man making decisions in this relationship, they would be broke. Sometimes one is better than the other.
my former coworker told us....in the work group....that he is no good at all with money. So he gladly lets his wife handle it since she is not only good at it, but enjoys balancing money. My FORMER husband never gave me a chance to prove I can add 2 and 2 to get 4. For decades!! Did I mention he's my former?
Well he is making the decisions and he is driving them in more instability and debt so yeah that’s stupid
The wife is a big baggage of revenue drop. Time to cut her loose.
Get a job and contribute, princess, then you can have a say in the finances. Never heard a mention of kids so what exactly does she do all day?
JJ Anthony I heard a kid’s voice in the background
Way to go “husband” ! Give him credit Dave. C’mon
I think the husband is wise.
The only issue is that they do need some communication.
She should make herself more involved.
Go to those jobs site.
Help around.
Cleaning, Carrying stuff...
If it is possible.
One time my cousin didn't have a job for 2 weeks, and for one week she went to help her husband in the insulation.
Depending where is the worksite, you can sneak yourself in.
if you can't be on the job site, call him and tell him u want lunch when he is having his lunch.
Ask him about his day...
His next plans...
Gosh!
Is not only
"Hey, I want you to listen to Dave"
Is also
"I want to listen to what you have to say."
Inmerse yourself in his world.
You might even like it.
My father snuck me around one time when he finish a job, for me to go help clean.
He obviously introduced me to the project manager.
But my father is not in construction.
He was just helping a friend of his.
In this case, the wise seems like she can go to the job site to check.
The female house owner went to talk to the project manager.
She doesn't know anything, but she went to check.
Really fancy lady.
Walk around.
Is your property too.
what if she doesn't want to go in and cleaning and all of that, no thanks. I'm not into building a man
Here’s your chance to give credit to the male, Dave!!!! Seems like Dave rarely gives the husband any credit even if he’s in a good situation. Hubby has been doing great!
elevate4eva he’s sure quick to jump on the men, that’s for sure!
Not true. They need to talk and sort out their finances together.
Dave is being a typical beta male here.
Freezing your wife out of the financial decisions is not “doing great.”
Women please just say things straightforward, plain, and simple, at least in terms of money.
No offense but while I even agree with what Dave says I have to say miss me with that moralizing about a wife input. In many cultures men run the marriage without seeking wife input, and those cultures have higher rates of success in marriage and higher birth rates. So pleas don't pass off your sick western medicine as a great standard since you guys are failing at marriages
A lot of the "success" in marriages is because divorce is not an option for many backwards civilizations.
Hey if the other spouse is not pitching in then they don't have no saying . You want to talk we but who's always bringing in the money , I and then you want to be a we. You want to be like what's his is hers and what's hers is hers that's not right
That's called taking care of a child, not being married.
If she doesn't work and he brings all the money in the house he should spend it how ever he wants ..... period anyway another example why man shouldn't get married
If they have that perspective, they definitely shouldn't get married. Wow, I'm thankful my husband doesn't have that attitude and that I don't feel that way about the money I bring in either.
Sure even if it does put his household and family in jeopardy. Just be stupid and squander it because he brings in the money. Men without a brain should not get married..or women for that matter.
Just because she doesnt work doesnt mean she cant be smart with money, boi. A lot of people make a lot of money but have no idea how to spend it. She wants to secure a future for the two of them, he wants to buy shiny stuff.
I think with an attitude like that you dont have to worry about getting married no sane woman would want you.
If you have children and look after them, that is work. If she werent there to look after the children they would hire a nanny or childcare which is....a job for someone. It costs a lot of money to send children to daycare to the point that the income gained by working is negligible
@@amyfeinstein3596 Low paid work .... but women always play this card like taking care of children ( whichwo they insist on having) is similar to like engineering or something when it's minimum wage unqualified type of "work" next you will tell me that you do a lot of "emotional work"
I'm in complete agreement about the virtuous woman/wife. They are not abundant and feminism is directly responsible for that.
The problem about finding a virtuous woman/wife is that the seeker of such wants it all stuffed into a Playboy Playmate body with the IQ of an amoeba, since having any brains is a 'turnoff' for such 'manly males'. In other words- have you looked at models that aren't so ultra-flashy and tempting? If not, then virtue is eluding you.
Feminism isn't responsible for all of your problem.