I transfered to a 0 percent card and then paid everything off in 10 months. I dont get why what i did was wrong. I saved a ton of money. Now im debt free with an emergancy fund
It's not wrong IF you pay it off. It'll save you a mass amount of money in interest payments. Most people don't pay it off and all that interest you didn't pay suddenly gets tacked on. They make money and you're in even deeper. Just don't be that guy.
You didn’t do anything wrong. The key was that you actually DID pay it off. The Ramsey mantra recognizes that the vast majority of folks will do the transfer and STILL NOT PAY OFF THE DEBT. So, they say: “don’t do it”. The math is on your side and since you also brought the personal dedication and focus to solve the problem (that most people don’t), you did everything right. Ramsey would now tell you to just cancel the new cards (and the old one) so that you don’t fall into the trap again. And that is good advice.
How do you even "feel" it? We have a 7 figure net worth (with 2 mortgages and one car loan) and I am not feeling it.. You would think that in order to feel it, you would be drinking expensive champagne, etc. (which I can buy but I don't think that it is smart and I feel guilty).
If you are talking about the NY “hot girl” from the first video, her advice was pretty good. If you have high interest debt, move it to a 0% credit card and actually work on paying that debt off.
@@barnabusdoyle4930 it would only work if people change their behavior, but you know the majority don’t. They now get 2 credit cards and can spend more. I feel like it needs to explain the importance of changing behaviors and also getting slapped with late fees and high interests if not paid on time. There is just more to it. People can just take that information and get themselves into more trouble.
As many have already said and I agree with...a transfer to a 0% credit id absolutely a great idea IF the person focuses on paying the transferred debt off and not accruing any additional charges on the old or new card. This takes discipline...and those that have it will save tons in interest and pay the debt off faster. I did a balance transfer a few months ago and have paid 3500 at 0% towards a debt that had 23% interest attached....that is a WIN.
The cool thing is, you don’t have to pay it off faster. You just have to pay it off within the 0% interest window. If you have 18 months to pay it off, use all 18 months because 100% of it goes toward the principal. Any extra money you don’t need to put towards it can go towards building an emergency fund. You can basically kill 2 birds with 1 stone.
Sure but most people don’t have such discipline. Let’s not beat around the bush here this isn’t targeted at people who can finesse their finances this is targeted to people who will not pay it back on time. Whether that’s because they are too irresponsible or have a tough situation.
@@mikeyman1974 in spite of what Ramsey says, most people DO have enough discipline to stay to out of credit card debt. Less than half of Americans carry a debt on their credit cards. Credit cards are bad, but I don’t get why Ramsey and his people get hysterical about it and stretch out the actual numbers. You can easily make an anti-credit card argument without lying about it.
Hubby just lost his job, and we ate out ALL the time. So, being a proactive & smart person... I knew it was time to watch the food budget. Let me tell you... I have completely forgotten how cheap it is to buy groceries and eat at home!!! Don't tell me groceries are too expensive. We made chicken spaghetti for $12 and will get 6 servings from this one dish... That's $2 per meal/person. People are just lazy and want to gripe....
Love the advice on this channel, but if you're serious about getting out of debt, and you're gonna be gazel intense, then transferring a debt at 22% interest to a 0% interest card is just a smart idea. However, if you are going to just keep doing what you have been doing and not change your behaviour and not cut up the credit cards after you pay them off, then it's a waste of time.
their plan works for a broad section of people. Your suggestion is mathematically correct, but credit card companies offer 0% balance transfers because they know the majority of people who do balance transfers end up in MORE debt than before the balance transfer.
We did the transfer to save us money and paid off the debt and now have $0 cc debt. However, I married someone with credit card debt and didn’t have any myself. So I wasn’t really a danger with credit cards and we were able to get on the same page and get them paid off. For most people that have credit card debt it’s a bad idea because it gives them more room for more debt and they’ve already proven themselves untrustworthy with credit cards.
@@jacobkummer2067 based on the statistics, a great majority are indeed in darkness. Being treated like adults is exactly how they were able to dig that deep, dark hole. Dave gives a simple path out of the hole. The plan is simple: don't spend money you don't have. I don't know what city you're in, but I bet the tallest buildings in your city are owned by Chase, Wells Fargo, US Bank or an insurance company. Those buildings exist because financial companies employ PhDs who spend all day figuring out how to get adults to believe going into debt is good for them.
I'm a truck driver and 90% of my meals are out of a mini fridge. Yeah it's not perfect, but it's like $2 for a pretty decent meal versus $15 for some crap from McDonald's. Not to mention it's actually crispy in my air fryer. Sure, I might idle the truck for a minute or two longer to run the equipment, but that's negligible compared to the cost of eating out.
I come from a culture that cooks most but all their food. We cook it and freeze it, and freeze spices. So I highly recommend looking up some tasty easy recipes, I always recommend Korean because you can even make the veggies tasty and it's easy, get a great freezer and warm it up in the air fryer.
I love that! I need a bigger fridge though with a freezer top, beef and other meats aside from chicken go bad really fast in my mini fridge.@@rainbowtravelingyogi
@@n.g.l.That's an interesting point! I'll have to try some Korean foods out! Unfortunately, I grew up on the chicken nugget diet like most American kids over the past 30 years.😅
@@TrickyMickTrucking Lol that's ok when my grandma would visit America I'd ask her to make me hotdogs. But I'd start off with seafood pancakes (add some veggies like spinach too) and Gochujang sauce + soy sauce dipping sauce on the side (low sodium sauce versions still taste amazing). Super easy to make literally make it before hand, freeze it and warm it up in your air fryer and you have tasty omega 3 veggie pancake. My favorite dish is tteokbokki, and it's rice cakes with a sweet and spicy Gochujang sauce with more seafood, some people put a boiled egg in it, and if you add cabbage 😱😱 it'll taste amazing. Tteokbokki is easy to make, frozen rice cakes, Gochujang sauce + honey + soy sauce, frozen seafood, frozen cabbage, bring to boil until its thick and seafood cooks really quick. There's meat dishes as well all super tasty and healthy. Lol I'm hungry already just thinking about it
As a Financial Advisor, first response is a miss. If there's any way to pay off debt quicker, especially if you're able to do so by not paying interest for that time. This could save people literally thousands of dollars. To dismiss this idea is flippant. Do the balance transfer, ALSO pay it off as quickly as possible!
I save SO much money bargain shopping and making my own meals at home. A number of single people I work with don't shop or cook at all and their eating expenses are ridiculous. They'd rather play videogames with every single moment of their free time instead of investing in their future. When they tell me that they don't have enough money to save for retirement, but they spend $250+ a week eating out and also have $750+ car payments for fancy cars that they barely even use, I just have to shake my head. How they don't see the fallacy is beyond me. You make your own choices, though, and I hope they see the light before it's too late.
Picked up a 3-bone prime rib on sale and fed 8 people after smoking it on the Traeger for 5 hours. Had a great night, everyone helped clean up, and we laughed non-stop. No one had to leave a tip, either!! Total cost for the dinner (with drinks) less than $200! Being debt-free is awesome!
#1 makes sense to me if you pay off the debt in 18 months AND don't add any additional credit card debt. The transfer fee is usually 3% of the balance transfer so it could be less than $200. #2 is just showing off. I have enough in my checking account to cover everything (I log into all my accounts almost every day) and $10K is in a HYS.
@@hogue3666 from experience, it's pretty consistent across all large/brick and mortar banks in Canada to offer free chequing accounts only if you maintain over 4k in balance. If you want a free chequing account, you need to go with an online only bank
Transferring a car loan to 0% does not allow you to pay it off in half the time. Car loan interest rates are not that high. What allowed you to pay it off in half the time was your behavior.
The Arizona Tea interview is the exact reason I want to be debt free. To be comfortable enough to fill other’s cups in my overflow as a blessing. 10:32
Agreed. I prefer supporting privately help companies like In-n-out and Arizona tea because they often deliver more value for their customers than competitors while also treating employees better
You'd go viral and people would call you a genius because the average TT user is only half the intelligence of the average Wal-Mart mobility cart scooter.
Honestly, cooking is fun, therapeutic, healthy, and makes the meal that much more enjoyable, and as a side effect is often cheaper. I don't uber-eat because 1. I don't want to support corporations who basically contribute to elevating the cost of things, 2. even in the pursuit of financial freedom, making time to slow down and enjoy the little pleasures of life is important.
fun fact, Arizona tea really believes in the ethics. if you see arizona tea being sold above the printed price, it means the store is unduly skimming the profit. You can report the location to arizona tea and they will go after the store for cheating.
I've transferred debt to 0% cards multiple times and just like George said, all it did was kick the can down the road. We have to address the behavorial issues in order to fix the problem.
Transfering credit card debt to a zero interest card is a really smart way to get out of CC debt. You obviously pay a fee, but it’s usually a percent of the debt, and a tiny fraction of what you would have paid in interest. Obviously it’s not good if you use it to just spend more, but for many people it helps them to pay off the debt. My gf got into debt paying for essentials during college, and she could only afford the min payment and like 75% of that was going to interest. Lowering the interest rate a lot allowed her to pay more toward the actual principal. Most people don’t have the ability to just ‘pay the debt off’. That comes from an incredibly privileged POV, obviously people would if they could.
And not to mention, just because you switch to a 0% interest card doesn't mean you not "paying it off" it's a more efficient way TO PAY IT OFF. That girl in the TikTok is right I don't know why he said "nope, just pay it off" like that's not literally what she said.
Always read the fine print. Some "zero interest for X months" cards are zero interest for new purchases only. They apply the full interest rate (or a special balance transfer interest rate) to balance transfers. If a person is not careful, they could pay MORE in interest after the balance transfer.
I think it's just to discourage people from thinking they "paid off their credit card debt" by transferring it over to another one only to rack up more credit card debt in that "freed up" card. I've seen others fall into that mentality many times and just dig a bigger hole. I agree with you though. I did a balance transfer and was able to pay off all of my credit card debt faster, then I cut up all my credits cards because I'm not willing to go through all of that again lol. So it could be worth it if you have the right mentality and discipline.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Fiduciary-counselors have exclusive information and data paths that are not available to the general public. Understanding the direction of my Fiduciary-counselor Tracy Britt Cool Consulting
First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?
The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
Diana Casteel Lynch is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
“DIANA CASTEEL LYNCH” is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
I understand why George/Ramsey don't agree (because you're opening a credit card), but they should have left it off because it is a good way to get out of credit card if that is what you are going to actually do. I think calling it stupid advice does more damage.
On cooking, there are so many options if your time is that valuable to you, that are cheaper than eating out/ordering in. There's grocery delivery, meal kits (pre made at store), meal kit delivery (that you still cook), pre made meals (either meal delivery or from the store). It doesn't have to be hard, and it doesn't have to be a waste.
This is true ONLY if you pay it off. MOST people will not. Credit card companies understand human psychology far better than most humans, especially young ones with that YOLO attitude.
@robedmund9948 even if those people do not pay it off and are delusional and working against their own self-interest, it is still better for them for that period of time to have the three percent than twelve or 12-24% for that time period. Should they be aware and set up automatic payments ahead of time? Absolutely
J Waller is saying why He as a "millionaire and businessman" just orders uber eats and does not cook because he values time more. He did not say in that podcast that everyone should do that. Full context.
George’s response to the hot girl broke video is an example of why society is messed up. George takes half of her message which he doesn’t like, dismisses the other half which doesn’t fall completely in lockstep with his master Papa Dave, and attacks a topic that she didn’t talk about. In fact, she even says getting into debt is bad. If he would have addressed her entire video in proper context, you’d realize that they’re very much in agreement, and she’s just talking about a singular action to address George’s & Ramsey’s basic point that getting into credit card debt is a bad idea.
Right. She specifically said use the 0% interest break to pay off the debt. Overall I like the Ramsey personalities and content but this whole "pay as much interest on debt as possible" take along with them acting like things are mutually exclusive when they're not is very aggravating. My main pet peeve is when they say to stop 401k contributions and then frame it as either stopping, paying off debt, and then contributing 15% or not stopping, never pay off debt, and only ever contribute the match. No you can still contribute up to the match and still pay off debt.
Yeah I came to the comments for exactly this. I get that they don't trust people enough to not just end up using both credit cards, but to not even ACKNOWLEDGE the original author's stance and then argue the merit of your position that having an additional card is a risk . Her stance was that debt is bad, don't get into it, that she's advocating this as a way out of debt by paying it off faster and that she was even intellectually aware/honest about the risk of the fee and why it still makes sense... George could learn from her about presenting an opposing point to discuss why it doesn't change your position - makes your argument even stronger to have acknowledged those points and then argue why they aren't persuasive. it just shows that George has a religious dogma now about how credit cards are just bad, and he's incapable of seeing past it. I've already blocked the Ramsey channel from my UA-cam, and I guess it might be time to block George, too. I thought he was better than that.
Typically you can just set up a 6 month payment plan for that card with 0% interest... doesn't make sense to open another account to transfer. Also, doesn't make sense to go into that much debt to need 18 months interest free for "hot girl broke" anyways.
George literally said they both agreed that credit card debt is #notcute. The girl’s main hot tip was to open a new credit card, and George explains that he disagrees because that’s just kicking the can down the road. I don’t agree with him, but I also don’t think he dismissed her message.
If you can pay it off in 18 months it makes sense to move it a card where you are paying less interest on it in that time. She wasn't saying to use the card to get into more debt. She said transfer the debt so that it has less interest. I don't know how those cards work, but it made sense as a method for getting out of debt. George Just heard the word "credit card" and assumed it was a bad thing.
@@alinatamashevich3354 If I'm in credit card debit, I probably don't have the means to just pay it off. But if I owe $10k on a 20% interest credit card, I would have to pay probably at least $12k total to pay it off over the course 18 months. Or, I can transfer it to a 0% card, as this girl said, and only pay $10k total. I just saved $2k.
@@alinatamashevich3354or hammer it and pay it off without getting hit with 20% interest every month? Why pay more and make it harder to pay off for the sake of simplicity
On the cooking front: 1) the cooking is MUCH cheaper than eating out here. 2) I can cook some dishes better than any restaurant around where I live. Like a steak from my stove or grill is WAY better than almost all of the steak places, and the bbq from the smoker blows everything away that is within a 300 mile radius.
I know exactly what you are saying! I have the problem these days that I make better meals than most restaurants that I’m willing to pay for, so it makes going out to eat usually a disappointment. Restaurants that serve better food than me are REALLY EXPENSIVE!!
Dude’s just lazy flexing. He can’t be worth that much because dropping “G-wagon” and “Valet” references are him just trying to get you to believe that he’s a baller. Truly wealthy people don’t have to tell you they’re rich. First, because it’s obvious. Second, because they don’t care what you think!
The first take was not good. He said “just pay off the debt” as if people have 20-30k lying around. And he didn’t address if her claim could actually save money in that scenario
It's the easy "credit card mind" that got you into all the consumer debt trouble in the first place, my brotha'. The very last thing you need to be doing is opening up yet another one! C'mon, now! You know better than anyone that you'll just end up maxing-out that one too and the Pelosian cycle will never end.
@@situated4 I have no debt and a single credit card with a $300 limit. Don’t assume people’s situations. I get the mindset is bad and people could make it worse by opening up a new card, but that’s on them. The girl even said debt was bad. But she also said this is a cheaper way to get out of it, which is a true statement. You act like people can’t change their mindset.
@@azeemsiddiqui4764 The math of the take is correct though. If you only have 10k debt at 20% and it will take you a year to pay off, that’s $2,000 extra you’d pay. Whereas if you do what she said, you pay $200 instead. And she still said debt was bad. How is correct math and saying debt is bad an asinine take?
Transferring your debt to a zero-interest card can be worth it as long as you change your spending habits. If you keep doing whatever it was you were doing that built up your credit card debt in the first place you're just digging yourself deeper into a hole. If you change and really utilize the benefits of the 0% card it can be a great help.
The first girl was actually right. Transfer debt to avoid paying more in interest. Pay it all out. And then you can cut your CC, if you want. I don’t understand how paying more in interest is “smarter”…
It's absolutely the better financial decision... But Dave's "rules" are "no credit cards", so they can't support it even if numerically it makes the most sense.
Ramsey optimizes psychology, not math, which is why they debt-snowball, not debt-avalanche. His logic is that if people were disciplined enough to use credit as a tool, they wouldn’t be in debt and calling him.
That girlie is going to max out CC number one and number two with her “hot girl debt” aka debt contracted to look hot like skincare, clothing, etc. Unless, sorry if I’m a bit cynical, all that debt bags her a glucose guardian who pays her credit cards lol
These credit card companies know exactly what they're doing. They know that people will tell themselves "Great! I'll pay off all of my debt before the 18 months is over and I'll pay 0% interest all that time" but in most cases, what actually happens is that they spend even more and get into even deeper debt. When those 18 months are over, guess what? You didn't read the fine print? Well, too bad, because by not paying it all off by the end of 18 months, you also now owe them 100% of that 18 months worth of interest on top of everything else you owe since transferring your balance. TL;DR - IT'S A TRAP. These credit card companies set it up like this because it makes them the most money.
Because most of the credit cards I looked at that had balance transfers only applied to new purchases not your current transfer, plus you pay a transfer fee. Some credit cards are actual interest free balance transfers for a year or so but most aren't.
I keep my emergency fund in a separate checking account (which of course has a separate card) I treat that card like my emergency credit card, I even made sure to order a different color card so I don't use it accidentally. The point of the emergency fund isn't to make money off that money, it's to be immediately available in an emergency.
7:22 I agree with her… $10k in checking is ALOT! Unless you are married with like 3+ kids and a large mortgage and ALL the bills add up to that much then maybe?! But still seems high to me. I’ve noticed when I have more in my checking than I need for my bills etc, then I tend to overspend it cause I’m like “well it’s there, so I’ll spend it” vs just putting it away in savings and forgetting about it.
I was so stressed out by the final total of undergrad and grad school debt from my in state college degrees. I decided I would give myself 2 years of a half time job to erase as much as possible. So I did 20 hours a week for two years on top of my full time gig. I know that sounds like a lot, but I was young and my energy reserves were never going to be as strong and determined as at 24 years old! I paid it all off, what an immense relief!
My checking account balance is $2000 minimum, and I transfer the rest to my high yield savings account. Then when I make large annual payments, such as property taxes and insurance, I transfer enough back to checking to cover the payment. Then I'm sad that I have to pay taxes and insurance forever. 😥
Justin Waller has so much money (second clip) was not giving financial advice. He’s a multimillionaire who started with nothing and worked his way up in construction. The title was clickbait and out of context. He doesn’t cook because he makes so much money it’s possible. He could hire a chef and no one would bat an eye. The dude is always moving around for various projects and doesn’t even have a primary residence/home that he owns so of course cooking is difficult. Did he exaggerate and mess around a bit? Yeah. Watch him on the iced coffee hour where that clip was made. Interesting interview
Exactly. Getting groceries and cooking can take up to 90 minutes. In that 90 minutes, he can make a millionaire dollars. That 90 minutes is more valuable so he just pays the $40 for Uber Eats so he can keep working.
George works for Ramsey and can't tell the truth about "hot girl debt" which is transferring debt until they hit the wall, marry Poindexter, cheat on Poindexter and spit out Chad's kid, have Poindexter payoff her debt, divorce grape Poindexter and collect cash and prizes for 18ish years, then go on government benefits until they pass.
I saw the ad for this video, and just tuned in to see George go ballistic on stupid and ridiculous money choices! 🤣🤣 and I would never be on tiktok because it is controlled by China. Nothing lost by not being on tiktok.
You took Justin out of context. He was saying, which you cut out, that FOR HIM his time is better spent working, where the return on investment is greater than the extra cost of ordering food. The rest was just him being a smartass for the sake of making a point. The point that you skipped over. He doesn't tell people to "get rich by ordering out." He actually tells guys who are still starting out to cut unnecessary spending. Clip culture in a nutshell. Always out of context.
Already from the first part, I was paying $60 / month in fees and I transferred it to a new card for $60. (Around )2K in debt) I tanked $300+ in fees and my 0%interest saved me. I was NOT making over 2k a month at that time. Just to say “pay it off” is horrible. You’ll end up paying so much more in interest
"Hot girl debt" refers to a young woman who went from being spoiled senseless by her parents, to being a high-maintenance girlfriend to some poor chaps, to then finding herself single / independent for the first time, continuing to spoil herself, aka, spending recklessly, thinking that's normal life.
Yo, a transfer to a 0% interest is in fact a great idea. It literally means you have to pay less money, there is no reason not to use it if you know you have some debt that you will pay over the next year or two.
For a contractor making a mill clean at the end of the year , managing six figure contracts constantly, being on call 50 hours a week , it would make sense to order out a lot… not for a regular person
Or to just anyone making over 50 bucks/h with flexible hours. I prefere work one hour more that cook myself a shitty meal. Let the professionals do what they are best at.
The bro in the 2nd video is insufferable Miami at it's worst. 2:52 G Wagons might have to be the douchiest vehicle out there. Maybe even moreso than a Tesla Cybertruck. When I visited Miami, I saw people like this all over the place. I've never seen more G Wagons in one spot in my life. Such a fake, superficial lifestyle.
George is not a classically trained money expert but perhaps that is why his advice is so effective. It’s simple and right- get out of debt and stop thinking there’s something called hot girl debt. Hot girl debt is the same as miserable debt. Put the Lipstick on a pig…but it’s still a dang pig 🐖
I like to keep 2 months of expenses in my checking which is about 13k. I get 4%APY in my checking so not super encouraged to move to HYS. I put the rest of my emergency fund in HYS.
The world is gradually moving out of the I work for my boss era, and people who choose to be entrepreneurs are highly securing a brighter future for themselves..
My minimum balance was $10k at the age of 20 while waitressing and going to school full time for engineering. It’s absolutely possible. While I was in school I always wondered how everyone was going on trips and seemed to have way more money than me, I felt like I was broke. Reality finally hit a few years after when these same people started defaulting and I even had one friend ask me to open a line of credit for her because hers was so bad, then it all made sense. I wasn’t the broke one, they were. I was living my broke college student life, not vacationing, not shopping, not going out to the clubs and partying. I was either at school/in the library, at the gym or working. This was maybe 2012-2017 timeframe so it’s INSANE to me how people choose to live beyond their means. But just look at social media, I know the types of jobs my old Hs friends have and I know they can’t afford the lifestyle they share on social media, it’s all fake.
Unless your spending that much on a daily or weekly basis then yeah it is. Especially when you could just put that 4-10k in investing until you actually need it.Or at least put it somewhere where it's fairly liquid while earning you interests such as a savings account. Most banks let you transfer between checking and savings very easily and quickly aswell. So unless your checking account is earning interest it's basically a waste to put that much in your checking unless you frequently need that much.
The median SAVINGS account balance in America is $8,000. Half of the US couldn't cover a $1000 emergency. I'm gonna go out on a limb and say its a lot for a lot of people... I keep $2k in checking for whatever I need. Everything else goes into High Yield Accounts. No sense in keeping more in checking and not earning anything on it. Especially while interest rates on HYSA were above 4%...
@@papatycoon4320 I think the assumption you’re making is that $4-$10k is a substantial amount for people with a career. It isn’t. The interest you earn from that, even in short term t-bills, isn’t all that much and it’s far more convenient to leave it in checking for expenses.
Depending on how certain bills and check deposits fall, I have anywhere from 1k-8k in my checking, but it usually floats around 5k. My balance history is pretty volatile but it is all accounted for.
When I first started my career, I kept about $1.5K in my checking account and this was decades ago. Never wanted to get close to bouncing a check and this way I never worried that I would.
Ramsey folks once again, not bothering to do the maths. Balance transfers can save money. If you're paying 25% APR on $10,000 of debt, paying a one-time fee (typically 3-5%) to be 0% for 12 months would save you about $2000 in interest. It's helpful - if you have a plan to get debt paid down within the period. It's only dangerous if you are using it as an excuse to keep overspending.
Mathematically, you're completely right. Unfortunately, I'd imagine the people who fall into the situation where this is a solid plan are the sort that likely will view it as a reprieve and get lazy. There's a reason why banks offer the promotion, they know a fair number will slip up
@@klick0858actually my dad is a millionaire who (as Dave would say) used airline miles and never paid off his mortgage. One year at age 70 the stock market was low so instead of cashing out stocks to pay 18k CC , he balance transferred that. So basically when the stock market went back up, his stocks went 25k up and he could easily sell off apple stocks and pay the CC. This is while he doesn’t touch his 2million of other stocks. He still has a car payment too cause he has cancer so he’s like why pay off a car when I’m gonna die lol . Some people have discipline for 59 years and it allows them to utilize products correctly
I feel like it's the same as the advice to organize the debt by smallest to largest while ignoring the interest rates. Makes no sense mathematically...
Brad actually did get out of debt and now he makes content helping others to wake up to their impulse spending! His content is awesome! Thanks for the video, George.
Pretty sure first girl meant to pay the cc debt off before the 0% interest expires and depending on the cc balance it probably works out mathematically but not good for your credit score to be opening and closing cards. You pay more for Uber eats and they eat your fries before you get them. Sigma is a "lone wolf alpha." For my student loans I used the debt avalanche method. Props to you Arizona.
George. You say at 07:40 to have $1000 buffer in the checking account. Another video, Dave says we should have $100 buffer and anything more than that means we are bad at budgeting (which i think is extreme). Love Dave and appreciate his teachings, but I think your recommendation is better, George (just like your old recommendation for retirement withdrawal rate 😉).
Ive heard dave say whatever you are comfortable with within reason. So if 6k makes you feel ok so be it. I've also heard the personalities say it can depend on your income and expenses too. But I don't think that number for a buffer is set in stone.
Dave also told George that you can withdraw 8% safely from your investments year over year and never run out of money. He yelled at George for preaching the 4% Rule.
@situated4 that 4% rule George highlighted was about the FIRE movement if memory serves me right. I remember that video. Someone called into the ramsey show and got it mixed up and that's how the whole confusion was started
@@crashtestdummy1972 the 4% rule was actually not about FIRE (whether George presented it that way is a separate question though). It is somewhat conservative though. And in practice you'll generally want a more detailed approach accounting for tax brackets and RMDs etc. That doesn't change anything about Dave's reasoning to justify 8% being completely bogus. First he pulls a "12% return" out of his ass and then subtracts 4% for inflation and calls it a day. Completely ignoring sequence of returns.
I just recently changed my buffer from 1500 to 1k, put the the other 500 in my true emergency fund because I found that I didn’t need that much. Fear kept me housing that in my checking but in reality, I’m debt free, single with no child, and live within my means.
If she really were a hot girl, she wouldn’t have debt. She’d be making all the simps fawning all over her pay her bills & buy her stuff. I mean, she lives in New York so there’s definitely a large population to draw from. Just sayin’.
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Thank you for keeping it real with us. We're allgetting hit over the head with these prices, the.good thing is being in a position to,pay the prices. I thank God that I listen to you and followed Mrs Isabella Mason, I just received my$55000 yesterday
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Isabella Mason
JWaller is actually from humble beginnings. He clarifies that take out thing later in that interview and says if you’re not making 100k + a month living in a penthouse this isn’t for you. If you’re not making more money than the time that it would take you to cook your own meal that this isn’t for you. Only when you can make more money with that time you would have spent shopping cooking cleaning etc does it financially make sense.
A lot of these TikToks have got to be psyops Like seriously, a rich dude telling broke people that only broke people cook their food? That's insane lmfao
A buffer is great for a checking account but daycare is more than my mortgage. It comes in and leaves quick. Anything left over pays off the house. Almost paid off!
The reason i don't consider you guys educational is because of stuff like this. A 0% interest card is a completely valid way to pay off debt. Yet you act like its the most absurd thing you ever heard. Yes, the core of the problem is behavior, and that needs fixed. But assuming you've done that. It's not a bad plan. I know you teach the gazelle intensity & when you run the numbers for some of these things in that context, the percentage doesn't usually alter the payoff period by a lot of time. So changing to a zero card might save you weeks or a couple of months in that context. But again. A 0% card does allow you to pay off your debt faster. The more intensity you put into paying it off, the less it helps. But it still helps. It doesn't make the situation worse. Instead of ridiculing this girl as if your plan was better and hers is the worst. You could explain the situation and why a gazelle intensity modestly neutralizes interest percentage. And acknowledge that if your just paying off a bill without intensity its not a bad plan. For the record. I used 0% cards to pay off my dave ramsey moment. My debt got called by creditors. I payed it off with gazelle intensity & 0% cards. For my case it did save me months to use the 0% card up to a point. But i was angry at my creditors so.. if there was anything i could do to shave 5s off how long i owed them money i would have done it. My point is.. if it saves you weeks and weeks matter. Use it. If it doesn't. Don't. You all need to learn nuance in your advice. Nuance & talking about differences in how things work and why your plan is beter is NOT a betrayal of your principles. You can still say taking out debt is bad. And still say taking a 0% card can be effective under certain circumstances. But we would rather you do my plan instead amd heres why. Instead you gaslight the audience. You are not educators. Your entertainment only.
Agreed. The Ramsey plan seems to be to use gazelle intensity to attack the problem head on without doing a lick of math. Which does work for lots of people. But you can be gazelle intense AND do math at the same time. In fairness, I think there is something to be said for the psychology of what Dave and crew do: they radically eliminate distractions and thought from the process so truly addicted people can attack the problem with single minded focus. Any decision that has to be made along the way is a chance for that intensity to wane and for people to backslide. But I don't know if it requires them to declare that any other method is inferior or wrong. They can have their program while acknowledging there are more efficient ways to do it for those who aren't hopelessly addicted to debt.
Completely valid plan... until the economy goes south and no bank will give you a new credit card with a 0% intro to move that debt you still can't pay off. Now you have paid that $200 plus you get slammed with all 18 months of accrued interest.
Pro tip, someone on UA-cam bragging about their G Wagon etc. is probably a fleeting rich and not a wealthy person. Lots of fakers out there. If you really are wealthy, then you probably have staff, a housekeeper, or at least a person once or twice a week to do shopping and cook a number of meals for the week. Down a notch but you can do Factor or other prepaid meal service or actually leave the house and have a lunch meeting for business or social. You know there are shopping services that will deliver the groceries so yeah, no need to get the valet to pull around the G wagon. Chances are all are healthier choices than that door dash/uber eats. Real wealthy people don't get and stay that way by chucking away 30% markup on food. We have a high net worth with over $2.5 million investable assets, and I keep a close eye on fees and waste in the budget. Makes no sense to throw away money. Even a few dollars wasted I still feel because I know how hard I and my wife worked to get here.
This really is no difference than a debt consolidation loan for a lower interest payment while you push to pay it off. Not doing it has you battling against “22%” interest. She did not say do it forever and to pay off debt.
10k is fine in checking if you have large mortgage's. I got 5600 between 2 properties, and my expense burn rate monthly is 8k, id be insane for having less than 10k in there unless I want to hyper transfer money back and forth. Id rather have the 10k and forget about when I get paid. I still have my emergency fund in a HYSA and thats 30k in case I get laid off.
For the Arizona Ice Tea guy, he should raise prices - to get people to stop drinking all that sugar. It'll cost you more money down the road in health care costs.
YES!!! that's exactly her name (Mrs Elizabeth Regina Nelsen) so many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺
As long as most businesses don’t offer cash discounts using a credit card and paying it is far superior to cash. The offers, rewards, and benefits are substantial.
I transfered to a 0 percent card and then paid everything off in 10 months. I dont get why what i did was wrong. I saved a ton of money. Now im debt free with an emergancy fund
YOU did it right
It's not wrong IF you pay it off. It'll save you a mass amount of money in interest payments. Most people don't pay it off and all that interest you didn't pay suddenly gets tacked on. They make money and you're in even deeper. Just don't be that guy.
You didn’t do anything wrong. The key was that you actually DID pay it off. The Ramsey mantra recognizes that the vast majority of folks will do the transfer and STILL NOT PAY OFF THE DEBT. So, they say: “don’t do it”. The math is on your side and since you also brought the personal dedication and focus to solve the problem (that most people don’t), you did everything right. Ramsey would now tell you to just cancel the new cards (and the old one) so that you don’t fall into the trap again. And that is good advice.
@@Dave-my1we yep paid it off in 10 months and had 18 months to do it
@@Dave-my1we i did cancel them all by the way. I have an emergancy fund and am happy investing my 15 percent paying off my house.
If someone makes the statement that they "feel like a millionaire" you can guarantee they're going to give you terrible financial advice.
How do you even "feel" it? We have a 7 figure net worth (with 2 mortgages and one car loan) and I am not feeling it.. You would think that in order to feel it, you would be drinking expensive champagne, etc. (which I can buy but I don't think that it is smart and I feel guilty).
If you are talking about the NY “hot girl” from the first video, her advice was pretty good. If you have high interest debt, move it to a 0% credit card and actually work on paying that debt off.
The sad part if people probably listen to the hot girl debt advice
@@Artbynbru Wasn’t hot girl sent advice to use 0% balance transfers to help pay off credit card debt? How is that bad advice?
@@barnabusdoyle4930 it would only work if people change their behavior, but you know the majority don’t. They now get 2 credit cards and can spend more. I feel like it needs to explain the importance of changing behaviors and also getting slapped with late fees and high interests if not paid on time. There is just more to it. People can just take that information and get themselves into more trouble.
As many have already said and I agree with...a transfer to a 0% credit id absolutely a great idea IF the person focuses on paying the transferred debt off and not accruing any additional charges on the old or new card. This takes discipline...and those that have it will save tons in interest and pay the debt off faster. I did a balance transfer a few months ago and have paid 3500 at 0% towards a debt that had 23% interest attached....that is a WIN.
The cool thing is, you don’t have to pay it off faster. You just have to pay it off within the 0% interest window. If you have 18 months to pay it off, use all 18 months because 100% of it goes toward the principal. Any extra money you don’t need to put towards it can go towards building an emergency fund.
You can basically kill 2 birds with 1 stone.
Yep. Great idea for Tuition when you can’t work
Sure but most people don’t have such discipline. Let’s not beat around the bush here this isn’t targeted at people who can finesse their finances this is targeted to people who will not pay it back on time. Whether that’s because they are too irresponsible or have a tough situation.
@@mikeyman1974 in spite of what Ramsey says, most people DO have enough discipline to stay to out of credit card debt. Less than half of Americans carry a debt on their credit cards.
Credit cards are bad, but I don’t get why Ramsey and his people get hysterical about it and stretch out the actual numbers. You can easily make an anti-credit card argument without lying about it.
THANK YOU. that’s what I did and it worked great. Oh also I don’t use that card any more because Citi sucks
Hubby just lost his job, and we ate out ALL the time. So, being a proactive & smart person... I knew it was time to watch the food budget. Let me tell you... I have completely forgotten how cheap it is to buy groceries and eat at home!!! Don't tell me groceries are too expensive. We made chicken spaghetti for $12 and will get 6 servings from this one dish... That's $2 per meal/person. People are just lazy and want to gripe....
Love the advice on this channel, but if you're serious about getting out of debt, and you're gonna be gazel intense, then transferring a debt at 22% interest to a 0% interest card is just a smart idea. However, if you are going to just keep doing what you have been doing and not change your behaviour and not cut up the credit cards after you pay them off, then it's a waste of time.
Shh... Ramsey personalities are much more interested in you doing their plan perfectly than they are about actually making smart decisions.
their plan works for a broad section of people. Your suggestion is mathematically correct, but credit card companies offer 0% balance transfers because they know the majority of people who do balance transfers end up in MORE debt than before the balance transfer.
We did the transfer to save us money and paid off the debt and now have $0 cc debt.
However, I married someone with credit card debt and didn’t have any myself.
So I wasn’t really a danger with credit cards and we were able to get on the same page and get them paid off.
For most people that have credit card debt it’s a bad idea because it gives them more room for more debt and they’ve already proven themselves untrustworthy with credit cards.
@@Allan_A Their plan assumes everyone has their head up their butt. Better approach is to treat people like the adults that they are.
@@jacobkummer2067 based on the statistics, a great majority are indeed in darkness. Being treated like adults is exactly how they were able to dig that deep, dark hole. Dave gives a simple path out of the hole.
The plan is simple: don't spend money you don't have. I don't know what city you're in, but I bet the tallest buildings in your city are owned by Chase, Wells Fargo, US Bank or an insurance company.
Those buildings exist because financial companies employ PhDs who spend all day figuring out how to get adults to believe going into debt is good for them.
Is that guy washing dishes with dial hand soap....😂
He don't seem too bright...
It's got stuff plants crave!
Stupid people are everywhere
I saw that too😂
But it’s only 8 dollars 😊
I'm a truck driver and 90% of my meals are out of a mini fridge. Yeah it's not perfect, but it's like $2 for a pretty decent meal versus $15 for some crap from McDonald's. Not to mention it's actually crispy in my air fryer. Sure, I might idle the truck for a minute or two longer to run the equipment, but that's negligible compared to the cost of eating out.
My cousin drives a truck and she also prepares all her food. ✨
I come from a culture that cooks most but all their food. We cook it and freeze it, and freeze spices. So I highly recommend looking up some tasty easy recipes, I always recommend Korean because you can even make the veggies tasty and it's easy, get a great freezer and warm it up in the air fryer.
I love that! I need a bigger fridge though with a freezer top, beef and other meats aside from chicken go bad really fast in my mini fridge.@@rainbowtravelingyogi
@@n.g.l.That's an interesting point! I'll have to try some Korean foods out! Unfortunately, I grew up on the chicken nugget diet like most American kids over the past 30 years.😅
@@TrickyMickTrucking Lol that's ok when my grandma would visit America I'd ask her to make me hotdogs. But I'd start off with seafood pancakes (add some veggies like spinach too) and Gochujang sauce + soy sauce dipping sauce on the side (low sodium sauce versions still taste amazing). Super easy to make literally make it before hand, freeze it and warm it up in your air fryer and you have tasty omega 3 veggie pancake. My favorite dish is tteokbokki, and it's rice cakes with a sweet and spicy Gochujang sauce with more seafood, some people put a boiled egg in it, and if you add cabbage 😱😱 it'll taste amazing. Tteokbokki is easy to make, frozen rice cakes, Gochujang sauce + honey + soy sauce, frozen seafood, frozen cabbage, bring to boil until its thick and seafood cooks really quick. There's meat dishes as well all super tasty and healthy. Lol I'm hungry already just thinking about it
As a Financial Advisor, first response is a miss. If there's any way to pay off debt quicker, especially if you're able to do so by not paying interest for that time. This could save people literally thousands of dollars. To dismiss this idea is flippant. Do the balance transfer, ALSO pay it off as quickly as possible!
I save SO much money bargain shopping and making my own meals at home. A number of single people I work with don't shop or cook at all and their eating expenses are ridiculous. They'd rather play videogames with every single moment of their free time instead of investing in their future. When they tell me that they don't have enough money to save for retirement, but they spend $250+ a week eating out and also have $750+ car payments for fancy cars that they barely even use, I just have to shake my head. How they don't see the fallacy is beyond me. You make your own choices, though, and I hope they see the light before it's too late.
Picked up a 3-bone prime rib on sale and fed 8 people after smoking it on the Traeger for 5 hours. Had a great night, everyone helped clean up, and we laughed non-stop. No one had to leave a tip, either!! Total cost for the dinner (with drinks) less than $200! Being debt-free is awesome!
#1 makes sense to me if you pay off the debt in 18 months AND don't add any additional credit card debt. The transfer fee is usually 3% of the balance transfer so it could be less than $200. #2 is just showing off. I have enough in my checking account to cover everything (I log into all my accounts almost every day) and $10K is in a HYS.
The reason I keep 4k in my checking account is that is the amount that you get your $20 monthly account fee refunded in Canada.
Is this some sort of national thing in Canada? It sounds like you need a different bank.
@hogue3666 we basically have an oligopoly, choose one of 5 banks that are all the same. 2 newer banks are trying to disrupt.
@@hogue3666 from experience, it's pretty consistent across all large/brick and mortar banks in Canada to offer free chequing accounts only if you maintain over 4k in balance. If you want a free chequing account, you need to go with an online only bank
Also canadian, no fees on any chequing balance with simplii, tangerine, pc plus the newer competitors have no fees like ws and eq
Transferring my car loan debt to zero interest cards saved me 5k in interest and allowed me to pay my car off in half the time
Transferring a car loan to 0% does not allow you to pay it off in half the time. Car loan interest rates are not that high. What allowed you to pay it off in half the time was your behavior.
@@Tj_McQueen lol clown. Yes half the time the payments were all principle. And I increased my payments. 🤡
The Arizona Tea interview is the exact reason I want to be debt free. To be comfortable enough to fill other’s cups in my overflow as a blessing. 10:32
I’m finally debt free and I put out free drinks for the delivery people in a little front porch fridge
Agreed. I prefer supporting privately help companies like In-n-out and Arizona tea because they often deliver more value for their customers than competitors while also treating employees better
What if I went on TikTok and just laid out exactly how to do a Ponzi scheme and called it a "finance hack"?
Giza, home of the pyramid scheme😂
You'd go viral and people would call you a genius because the average TT user is only half the intelligence of the average Wal-Mart mobility cart scooter.
Tiktok would promote it, tiktok is q chinese psyop
3:57 Im literally watching this while I cook! 😂😂😂😂😂 Broke Girls hit the like button 👍
We’re not broke, we’re smart!
Honestly, cooking is fun, therapeutic, healthy, and makes the meal that much more enjoyable, and as a side effect is often cheaper. I don't uber-eat because 1. I don't want to support corporations who basically contribute to elevating the cost of things, 2. even in the pursuit of financial freedom, making time to slow down and enjoy the little pleasures of life is important.
fun fact, Arizona tea really believes in the ethics. if you see arizona tea being sold above the printed price, it means the store is unduly skimming the profit. You can report the location to arizona tea and they will go after the store for cheating.
I've transferred debt to 0% cards multiple times and just like George said, all it did was kick the can down the road. We have to address the behavorial issues in order to fix the problem.
10000%
I agree with him but I used mine to save me and I cut it up after I was done with it.
Transfering credit card debt to a zero interest card is a really smart way to get out of CC debt. You obviously pay a fee, but it’s usually a percent of the debt, and a tiny fraction of what you would have paid in interest. Obviously it’s not good if you use it to just spend more, but for many people it helps them to pay off the debt. My gf got into debt paying for essentials during college, and she could only afford the min payment and like 75% of that was going to interest. Lowering the interest rate a lot allowed her to pay more toward the actual principal. Most people don’t have the ability to just ‘pay the debt off’. That comes from an incredibly privileged POV, obviously people would if they could.
That's correct. 3% vs 30% is a rather large difference.
And not to mention, just because you switch to a 0% interest card doesn't mean you not "paying it off" it's a more efficient way TO PAY IT OFF. That girl in the TikTok is right I don't know why he said "nope, just pay it off" like that's not literally what she said.
Always read the fine print. Some "zero interest for X months" cards are zero interest for new purchases only. They apply the full interest rate (or a special balance transfer interest rate) to balance transfers. If a person is not careful, they could pay MORE in interest after the balance transfer.
I think it's just to discourage people from thinking they "paid off their credit card debt" by transferring it over to another one only to rack up more credit card debt in that "freed up" card. I've seen others fall into that mentality many times and just dig a bigger hole. I agree with you though. I did a balance transfer and was able to pay off all of my credit card debt faster, then I cut up all my credits cards because I'm not willing to go through all of that again lol. So it could be worth it if you have the right mentality and discipline.
@@misterskippy2u I was just about to say that. Most balance transfers are not zero interest and there is probably a fee to transfer.
Its worse here, our economy is like a flailing fish, fighting for its life. The normal state of the U.S. economy is actually very bad. Because of this it goes into convulsive spasms fighting to grow any way it can out of desperation. Tricks, gimmicks, rule changes try to stimulate the economy and prevent it from falling but they only bring temporary relief to people since, when you factor in inflation we are declining.
People believe their currency has the worth it does because they have no other option. Even in a hyperinflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash
I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.!!
If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Fiduciary-counselors have exclusive information and data paths that are not available to the general public. Understanding the direction of my Fiduciary-counselor Tracy Britt Cool Consulting
First of all, this whole economic chaos was powered by optimism that the FED is done with hiking interest rates. Now that interest rate crash is the situation, where do we go from here? How would you advise I safely allocate $250k funds at this point?
The market is volatile at this time, But doesn't the Federal Reserve's monetary policy and low interest rates contribute to the current valuations? hence I will advice you get yourself a financial advisor that can provide you with entry and exit points on the share/ETF you focus on.
Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my CFP are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.
This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?
Diana Casteel Lynch is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
“DIANA CASTEEL LYNCH” is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Mathematically, the first tiktok was good advice and will save you a lot of money if you follow through.
Emotionally it's wrong. Money is a lot about emotion and selfcontrol. They offer it because they make money with it.
@@EatEatyso, because of emotions they should just keep paying off their debt with 22+% interest, instead of paying off debt with 0% interest?
@@EatEatybecause you are broke
She's a moron.
I understand why George/Ramsey don't agree (because you're opening a credit card), but they should have left it off because it is a good way to get out of credit card if that is what you are going to actually do. I think calling it stupid advice does more damage.
On cooking, there are so many options if your time is that valuable to you, that are cheaper than eating out/ordering in. There's grocery delivery, meal kits (pre made at store), meal kit delivery (that you still cook), pre made meals (either meal delivery or from the store). It doesn't have to be hard, and it doesn't have to be a waste.
Um 3% interest for a year paid up front as a transfer fee is a helluva lot better than 12-24% interest, Dude.
MOST of the time, it applies only to NEW purchases.
@@azeemsiddiqui4764 a balance transfer credit card typically has the small fee and the number of months at 0% for the transfered debt.
This is true ONLY if you pay it off. MOST people will not. Credit card companies understand human psychology far better than most humans, especially young ones with that YOLO attitude.
@robedmund9948 even if those people do not pay it off and are delusional and working against their own self-interest, it is still better for them for that period of time to have the three percent than twelve or 12-24% for that time period. Should they be aware and set up automatic payments ahead of time? Absolutely
I don’t know who edits your videos but we share a sense of humor and I laugh way to hard at these videos
J Waller is saying why He as a "millionaire and businessman" just orders uber eats and does not cook because he values time more. He did not say in that podcast that everyone should do that. Full context.
@ronneltiongco5781 Full context, he's a moron.
George’s response to the hot girl broke video is an example of why society is messed up. George takes half of her message which he doesn’t like, dismisses the other half which doesn’t fall completely in lockstep with his master Papa Dave, and attacks a topic that she didn’t talk about. In fact, she even says getting into debt is bad. If he would have addressed her entire video in proper context, you’d realize that they’re very much in agreement, and she’s just talking about a singular action to address George’s & Ramsey’s basic point that getting into credit card debt is a bad idea.
Right. She specifically said use the 0% interest break to pay off the debt. Overall I like the Ramsey personalities and content but this whole "pay as much interest on debt as possible" take along with them acting like things are mutually exclusive when they're not is very aggravating.
My main pet peeve is when they say to stop 401k contributions and then frame it as either stopping, paying off debt, and then contributing 15% or not stopping, never pay off debt, and only ever contribute the match. No you can still contribute up to the match and still pay off debt.
Yeah exactly. And the way he said to “just pay off the debt” as if people have 20-30k lying around
Yeah I came to the comments for exactly this. I get that they don't trust people enough to not just end up using both credit cards, but to not even ACKNOWLEDGE the original author's stance and then argue the merit of your position that having an additional card is a risk . Her stance was that debt is bad, don't get into it, that she's advocating this as a way out of debt by paying it off faster and that she was even intellectually aware/honest about the risk of the fee and why it still makes sense... George could learn from her about presenting an opposing point to discuss why it doesn't change your position - makes your argument even stronger to have acknowledged those points and then argue why they aren't persuasive. it just shows that George has a religious dogma now about how credit cards are just bad, and he's incapable of seeing past it. I've already blocked the Ramsey channel from my UA-cam, and I guess it might be time to block George, too. I thought he was better than that.
Typically you can just set up a 6 month payment plan for that card with 0% interest... doesn't make sense to open another account to transfer. Also, doesn't make sense to go into that much debt to need 18 months interest free for "hot girl broke" anyways.
George literally said they both agreed that credit card debt is #notcute. The girl’s main hot tip was to open a new credit card, and George explains that he disagrees because that’s just kicking the can down the road. I don’t agree with him, but I also don’t think he dismissed her message.
Dude won't cook but buys a 200k G'wagon. 🙄 priorities NOT inline.
The G stands for gay.
They are for him. He prioritizes being in debt to impress people who don't care.
If you can pay it off in 18 months it makes sense to move it a card where you are paying less interest on it in that time. She wasn't saying to use the card to get into more debt. She said transfer the debt so that it has less interest. I don't know how those cards work, but it made sense as a method for getting out of debt. George Just heard the word "credit card" and assumed it was a bad thing.
Nope, why do something silly as that, just hammer it and pay it off.
@@alinatamashevich3354 why should I hammer a 25% interest debt if I can hammer a 0% interest debt?
@@spencergambrell7819 if you can pay it off in 18 months, why complicate the situation? Just pay it off.
@@alinatamashevich3354 If I'm in credit card debit, I probably don't have the means to just pay it off. But if I owe $10k on a 20% interest credit card, I would have to pay probably at least $12k total to pay it off over the course 18 months. Or, I can transfer it to a 0% card, as this girl said, and only pay $10k total. I just saved $2k.
@@alinatamashevich3354or hammer it and pay it off without getting hit with 20% interest every month? Why pay more and make it harder to pay off for the sake of simplicity
On the cooking front: 1) the cooking is MUCH cheaper than eating out here. 2) I can cook some dishes better than any restaurant around where I live. Like a steak from my stove or grill is WAY better than almost all of the steak places, and the bbq from the smoker blows everything away that is within a 300 mile radius.
That's why we cook at home! It tastes better. Restaurant food is meh in my area at all price points.
I know exactly what you are saying!
I have the problem these days that I make better meals than most restaurants that I’m willing to pay for, so it makes going out to eat usually a disappointment.
Restaurants that serve better food than me are REALLY EXPENSIVE!!
Damn right. You can't buy ribs or brisket anywhere near as good as I can smoke in my backyard unless you want to take a 14 hour drive to the south.
Oh my gosh. The Uber Eats Bro. I can’t stop laughing. One of the funniest things I’ve seen in days. 😂
You mean the second one? That guy must be trolling. And if he was actually rich, he'd have employees to buy food and cook meals 😂
Dude’s just lazy flexing.
He can’t be worth that much because dropping “G-wagon” and “Valet” references are him just trying to get you to believe that he’s a baller.
Truly wealthy people don’t have to tell you they’re rich.
First, because it’s obvious.
Second, because they don’t care what you think!
@jochenkraus7016 He's famous for being one of these alpha male self made guys, but everything I see from him is a load of shit. 😂
He coulda just said he didn't know how to cook 😅
The first take was not good. He said “just pay off the debt” as if people have 20-30k lying around. And he didn’t address if her claim could actually save money in that scenario
It's the easy "credit card mind" that got you into all the consumer debt trouble in the first place, my brotha'. The very last thing you need to be doing is opening up yet another one! C'mon, now! You know better than anyone that you'll just end up maxing-out that one too and the Pelosian cycle will never end.
@@situated4 I have no debt and a single credit card with a $300 limit. Don’t assume people’s situations. I get the mindset is bad and people could make it worse by opening up a new card, but that’s on them. The girl even said debt was bad. But she also said this is a cheaper way to get out of it, which is a true statement. You act like people can’t change their mindset.
@@JaredEast1 Most Americans CAN'T. That's why most live paycheck to paycheck. This take was just asinine.
@@azeemsiddiqui4764 The math of the take is correct though. If you only have 10k debt at 20% and it will take you a year to pay off, that’s $2,000 extra you’d pay. Whereas if you do what she said, you pay $200 instead. And she still said debt was bad. How is correct math and saying debt is bad an asinine take?
@@situated4”Hurr Durr you should choose to pay a higher interest rate cause psychology” you’re just lighting money on fire bro 😂😂😂
Transferring your debt to a zero-interest card can be worth it as long as you change your spending habits. If you keep doing whatever it was you were doing that built up your credit card debt in the first place you're just digging yourself deeper into a hole. If you change and really utilize the benefits of the 0% card it can be a great help.
The first girl was actually right. Transfer debt to avoid paying more in interest. Pay it all out. And then you can cut your CC, if you want.
I don’t understand how paying more in interest is “smarter”…
It's absolutely the better financial decision... But Dave's "rules" are "no credit cards", so they can't support it even if numerically it makes the most sense.
Ramsey optimizes psychology, not math, which is why they debt-snowball, not debt-avalanche. His logic is that if people were disciplined enough to use credit as a tool, they wouldn’t be in debt and calling him.
That girlie is going to max out CC number one and number two with her “hot girl debt” aka debt contracted to look hot like skincare, clothing, etc. Unless, sorry if I’m a bit cynical, all that debt bags her a glucose guardian who pays her credit cards lol
These credit card companies know exactly what they're doing. They know that people will tell themselves "Great! I'll pay off all of my debt before the 18 months is over and I'll pay 0% interest all that time" but in most cases, what actually happens is that they spend even more and get into even deeper debt.
When those 18 months are over, guess what? You didn't read the fine print? Well, too bad, because by not paying it all off by the end of 18 months, you also now owe them 100% of that 18 months worth of interest on top of everything else you owe since transferring your balance.
TL;DR - IT'S A TRAP. These credit card companies set it up like this because it makes them the most money.
Because most of the credit cards I looked at that had balance transfers only applied to new purchases not your current transfer, plus you pay a transfer fee. Some credit cards are actual interest free balance transfers for a year or so but most aren't.
I keep my emergency fund in a separate checking account (which of course has a separate card) I treat that card like my emergency credit card, I even made sure to order a different color card so I don't use it accidentally. The point of the emergency fund isn't to make money off that money, it's to be immediately available in an emergency.
7:22 I agree with her… $10k in checking is ALOT! Unless you are married with like 3+ kids and a large mortgage and ALL the bills add up to that much then maybe?! But still seems high to me. I’ve noticed when I have more in my checking than I need for my bills etc, then I tend to overspend it cause I’m like “well it’s there, so I’ll spend it” vs just putting it away in savings and forgetting about it.
I was so stressed out by the final total of undergrad and grad school debt from my in state college degrees. I decided I would give myself 2 years of a half time job to erase as much as possible. So I did 20 hours a week for two years on top of my full time gig. I know that sounds like a lot, but I was young and my energy reserves were never going to be as strong and determined as at 24 years old! I paid it all off, what an immense relief!
My checking account balance is $2000 minimum, and I transfer the rest to my high yield savings account. Then when I make large annual payments, such as property taxes and insurance, I transfer enough back to checking to cover the payment. Then I'm sad that I have to pay taxes and insurance forever. 😥
My minimum checking balance is $2k. When my register shows $0 - then I have $2k left. Mini emergency fund.
That’s actually a good idea!
Exactly…$2000 is your zero….I do the same thing.
Balance transfers is a great move
Our monthly expenses are more than $10,000 (mortgage, daycare for two kids, etc.), so we like to keep our checking account comfortably above that.
Same
Me too.
You must be living in very high cost of living area....
I always keep a buffer in my checking account equal to my next autopay mortgage payment.
Same
Justin Waller has so much money (second clip) was not giving financial advice. He’s a multimillionaire who started with nothing and worked his way up in construction. The title was clickbait and out of context. He doesn’t cook because he makes so much money it’s possible. He could hire a chef and no one would bat an eye. The dude is always moving around for various projects and doesn’t even have a primary residence/home that he owns so of course cooking is difficult. Did he exaggerate and mess around a bit? Yeah. Watch him on the iced coffee hour where that clip was made. Interesting interview
Exactly. Getting groceries and cooking can take up to 90 minutes. In that 90 minutes, he can make a millionaire dollars. That 90 minutes is more valuable so he just pays the $40 for Uber Eats so he can keep working.
1:40 Obviously!
George works for Ramsey and can't tell the truth about "hot girl debt" which is transferring debt until they hit the wall, marry Poindexter, cheat on Poindexter and spit out Chad's kid, have Poindexter payoff her debt, divorce grape Poindexter and collect cash and prizes for 18ish years, then go on government benefits until they pass.
I know right?🤦🏾
I saw the ad for this video, and just tuned in to see George go ballistic on stupid and ridiculous money choices! 🤣🤣 and I would never be on tiktok because it is controlled by China. Nothing lost by not being on tiktok.
You took Justin out of context. He was saying, which you cut out, that FOR HIM his time is better spent working, where the return on investment is greater than the extra cost of ordering food. The rest was just him being a smartass for the sake of making a point. The point that you skipped over. He doesn't tell people to "get rich by ordering out." He actually tells guys who are still starting out to cut unnecessary spending.
Clip culture in a nutshell. Always out of context.
Already from the first part, I was paying $60 / month in fees and I transferred it to a new card for $60. (Around )2K in debt) I tanked $300+ in fees and my 0%interest saved me. I was NOT making over 2k a month at that time. Just to say “pay it off” is horrible. You’ll end up paying so much more in interest
What's the most valued item of our age? Data. Keep making fun of ppl for not wanting to be tracked. That's going to make you a bunch of friends.
"Hot girl debt" refers to a young woman who went from being spoiled senseless by her parents, to being a high-maintenance girlfriend to some poor chaps, to then finding herself single / independent for the first time, continuing to spoil herself, aka, spending recklessly, thinking that's normal life.
Why on did you say 19 pans and the editors decided to put 22 pans on the screen 4:38
To annoy pedants
Yo, a transfer to a 0% interest is in fact a great idea. It literally means you have to pay less money, there is no reason not to use it if you know you have some debt that you will pay over the next year or two.
I can just picture that guy talking about cooking is for broke guys, saying after his spiel “and that brings up to our sponsor today, Uber Eats.” 😂
That guy that doesn't want to cook doesn't even need a kitchen. All he needs is a dining room for all his purchased food. Skip the whole kitchen.
“this is so sigma”
George: “idk, is that a fraternity?”
I spat my drink out 😂
George is now the sigma male
So funny 😂
For a contractor making a mill clean at the end of the year , managing six figure contracts constantly, being on call 50 hours a week , it would make sense to order out a lot… not for a regular person
Or have a wife who cooks. 😂
Or to just anyone making over 50 bucks/h with flexible hours. I prefere work one hour more that cook myself a shitty meal. Let the professionals do what they are best at.
The bro in the 2nd video is insufferable Miami at it's worst. 2:52 G Wagons might have to be the douchiest vehicle out there. Maybe even moreso than a Tesla Cybertruck. When I visited Miami, I saw people like this all over the place. I've never seen more G Wagons in one spot in my life. Such a fake, superficial lifestyle.
Yup, most people who have G wagons are middle class 9-5 workers, maybe around $50k salary. So dumb
I did not pay debt smallest to largest instead. I paid off a vehicle loan because it freed up the most cash margin in my budget
George is not a classically trained money expert but perhaps that is why his advice is so effective. It’s simple and right- get out of debt and stop thinking there’s something called hot girl debt. Hot girl debt is the same as miserable debt. Put the Lipstick on a pig…but it’s still a dang pig 🐖
What exactly is a "classically" trained money expert? Where does one acquire such a degree? Please advise.
Always appreciate these videos as reassurance that I'm never going to be a bum like these people
I like to keep 2 months of expenses in my checking which is about 13k. I get 4%APY in my checking so not super encouraged to move to HYS. I put the rest of my emergency fund in HYS.
1st tip was legit good if you’ve already changed your thinking on spending behavior and debt
I think the perfect amount to keep in your checking account is a little more than your most expensive bill. Might be 500 for some... 3000 for others.
Assets that can make one successful in life
I. Forex
2.Stocks
3.Shares
@@Wine552You are right.
But I don't know why people remain poor due to ignorance
The world is gradually moving out of the I work for my boss era, and people who choose to be entrepreneurs are highly securing a brighter future for themselves..
He thinks he’s out there living la vida loca until he realizes he’s really living la vida broka
😂😂😂
My minimum balance was $10k at the age of 20 while waitressing and going to school full time for engineering. It’s absolutely possible.
While I was in school I always wondered how everyone was going on trips and seemed to have way more money than me, I felt like I was broke. Reality finally hit a few years after when these same people started defaulting and I even had one friend ask me to open a line of credit for her because hers was so bad, then it all made sense. I wasn’t the broke one, they were. I was living my broke college student life, not vacationing, not shopping, not going out to the clubs and partying. I was either at school/in the library, at the gym or working. This was maybe 2012-2017 timeframe so it’s INSANE to me how people choose to live beyond their means. But just look at social media, I know the types of jobs my old Hs friends have and I know they can’t afford the lifestyle they share on social media, it’s all fake.
Or your friends are enjoying life. It’s short. Enjoy it
@katemiller7874 you can enjoy life, just don't make stupid decisions at college and overspend.
Cooking especially with friends and family is amazing. If you got kids...it gets them interested in food and making meals is a huge buzz for them.
$4k - $10k isn’t that much to have in a checking account for a grown up.
Unless your spending that much on a daily or weekly basis then yeah it is. Especially when you could just put that 4-10k in investing until you actually need it.Or at least put it somewhere where it's fairly liquid while earning you interests such as a savings account. Most banks let you transfer between checking and savings very easily and quickly aswell. So unless your checking account is earning interest it's basically a waste to put that much in your checking unless you frequently need that much.
@papatycoon4320 Most grown-ups spend that much a month. It's because they don't live at their parents' house.
The median SAVINGS account balance in America is $8,000. Half of the US couldn't cover a $1000 emergency. I'm gonna go out on a limb and say its a lot for a lot of people... I keep $2k in checking for whatever I need. Everything else goes into High Yield Accounts. No sense in keeping more in checking and not earning anything on it. Especially while interest rates on HYSA were above 4%...
@@papatycoon4320 I think the assumption you’re making is that $4-$10k is a substantial amount for people with a career. It isn’t. The interest you earn from that, even in short term t-bills, isn’t all that much and it’s far more convenient to leave it in checking for expenses.
Depending on how certain bills and check deposits fall, I have anywhere from 1k-8k in my checking, but it usually floats around 5k. My balance history is pretty volatile but it is all accounted for.
When I first started my career, I kept about $1.5K in my checking account and this was decades ago. Never wanted to get close to bouncing a check and this way I never worried that I would.
Ramsey folks once again, not bothering to do the maths. Balance transfers can save money. If you're paying 25% APR on $10,000 of debt, paying a one-time fee (typically 3-5%) to be 0% for 12 months would save you about $2000 in interest. It's helpful - if you have a plan to get debt paid down within the period. It's only dangerous if you are using it as an excuse to keep overspending.
Mathematically, you're completely right. Unfortunately, I'd imagine the people who fall into the situation where this is a solid plan are the sort that likely will view it as a reprieve and get lazy. There's a reason why banks offer the promotion, they know a fair number will slip up
@@klick0858actually my dad is a millionaire who (as Dave would say) used airline miles and never paid off his mortgage. One year at age 70 the stock market was low so instead of cashing out stocks to pay 18k CC , he balance transferred that. So basically when the stock market went back up, his stocks went 25k up and he could easily sell off apple stocks and pay the CC. This is while he doesn’t touch his 2million of other stocks. He still has a car payment too cause he has cancer so he’s like why pay off a car when I’m gonna die lol . Some people have discipline for 59 years and it allows them to utilize products correctly
You really think that girl is a wise spender?
@@lanceroparaca1413 the Ramsay plan is also based on the assumption that people CAN change their habits. It wouldn't work otherwise.
I feel like it's the same as the advice to organize the debt by smallest to largest while ignoring the interest rates. Makes no sense mathematically...
I really don’t like using other peoples downfalls to lift myself up but these are the type of things that let me know I’m not doing so bad after all
Brad actually did get out of debt and now he makes content helping others to wake up to their impulse spending! His content is awesome! Thanks for the video, George.
Pretty sure first girl meant to pay the cc debt off before the 0% interest expires and depending on the cc balance it probably works out mathematically but not good for your credit score to be opening and closing cards. You pay more for Uber eats and they eat your fries before you get them. Sigma is a "lone wolf alpha." For my student loans I used the debt avalanche method. Props to you Arizona.
George. You say at 07:40 to have $1000 buffer in the checking account. Another video, Dave says we should have $100 buffer and anything more than that means we are bad at budgeting (which i think is extreme). Love Dave and appreciate his teachings, but I think your recommendation is better, George (just like your old recommendation for retirement withdrawal rate 😉).
Ive heard dave say whatever you are comfortable with within reason. So if 6k makes you feel ok so be it. I've also heard the personalities say it can depend on your income and expenses too. But I don't think that number for a buffer is set in stone.
Dave also told George that you can withdraw 8% safely from your investments year over year and never run out of money. He yelled at George for preaching the 4% Rule.
@situated4 that 4% rule George highlighted was about the FIRE movement if memory serves me right. I remember that video. Someone called into the ramsey show and got it mixed up and that's how the whole confusion was started
@@situated4 ill see if i can link the video!
@@crashtestdummy1972 the 4% rule was actually not about FIRE (whether George presented it that way is a separate question though). It is somewhat conservative though. And in practice you'll generally want a more detailed approach accounting for tax brackets and RMDs etc.
That doesn't change anything about Dave's reasoning to justify 8% being completely bogus. First he pulls a "12% return" out of his ass and then subtracts 4% for inflation and calls it a day. Completely ignoring sequence of returns.
I just recently changed my buffer from 1500 to 1k, put the the other 500 in my true emergency fund because I found that I didn’t need that much. Fear kept me housing that in my checking but in reality, I’m debt free, single with no child, and live within my means.
Hot girl debt. Lmao!!!
cockroach 🪳 dad 😮
She gave the worst advice ever!😂 Let's pay $200 in fees. Brainless!
@@DebbieBennett-p5v I can pretty much tell by looking at her, I wasn't expecting Einstein.
If she really were a hot girl, she wouldn’t have debt. She’d be making all the simps fawning all over her pay her bills & buy her stuff. I mean, she lives in New York so there’s definitely a large population to draw from. Just sayin’.
Barbie girl debt
Haven't had an Arizona drink in years.... I'm buying one tomorrow ❤
These hosts are so married to the regimented Ramsay method that they will literally ignore math to adhere to them.
Would you bet money that the first girl is gonna pay off her balance?
It’s not a freaking math problem. It’s a habit problem.
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I freak out if my checking is below $10k because the mortgage payment that comes out every month is $5500…
I don't like my savings account lower than 10k, but I got 6 kids. It used to be 40k but I am healing from childhood financial trauma ❤️
Honestly shopping at the dollar store for non food related items when youre broke is very under rated.
Arizona lowered the ml in the can. So shrinkflation price increase did happen.
Not true
@@GeorgeKamel Arizona ice teas used to be 24 oz they are now 22 oz.
@@aaronjjacques nah, a quick check at the grocery store indicates that they are between 23 and 23.5 oz
@benjaminfitzgerald7011 maybe it different in canada but these used to be 24 oz now they are 22
JWaller is actually from humble beginnings. He clarifies that take out thing later in that interview and says if you’re not making 100k + a month living in a penthouse this isn’t for you. If you’re not making more money than the time that it would take you to cook your own meal that this isn’t for you. Only when you can make more money with that time you would have spent shopping cooking cleaning etc does it financially make sense.
A lot of these TikToks have got to be psyops
Like seriously, a rich dude telling broke people that only broke people cook their food? That's insane lmfao
He’s not rich.
He’s most likely Fake Rich.
Cooking yourself is nice because restaurants aren’t serving a corndog, a side of sauteed spinach, lobster ravioli, and a haagendaz ice cream bar
La Vida Broka 😂
A buffer is great for a checking account but daycare is more than my mortgage. It comes in and leaves quick. Anything left over pays off the house. Almost paid off!
The reason i don't consider you guys educational is because of stuff like this. A 0% interest card is a completely valid way to pay off debt. Yet you act like its the most absurd thing you ever heard. Yes, the core of the problem is behavior, and that needs fixed. But assuming you've done that. It's not a bad plan. I know you teach the gazelle intensity & when you run the numbers for some of these things in that context, the percentage doesn't usually alter the payoff period by a lot of time. So changing to a zero card might save you weeks or a couple of months in that context. But again. A 0% card does allow you to pay off your debt faster. The more intensity you put into paying it off, the less it helps. But it still helps. It doesn't make the situation worse. Instead of ridiculing this girl as if your plan was better and hers is the worst. You could explain the situation and why a gazelle intensity modestly neutralizes interest percentage. And acknowledge that if your just paying off a bill without intensity its not a bad plan. For the record. I used 0% cards to pay off my dave ramsey moment. My debt got called by creditors. I payed it off with gazelle intensity & 0% cards. For my case it did save me months to use the 0% card up to a point. But i was angry at my creditors so.. if there was anything i could do to shave 5s off how long i owed them money i would have done it. My point is.. if it saves you weeks and weeks matter. Use it. If it doesn't. Don't. You all need to learn nuance in your advice. Nuance & talking about differences in how things work and why your plan is beter is NOT a betrayal of your principles. You can still say taking out debt is bad. And still say taking a 0% card can be effective under certain circumstances. But we would rather you do my plan instead amd heres why. Instead you gaslight the audience.
You are not educators. Your entertainment only.
literally what i said that take is insane, it’s actually a great way to pay off debt
Agreed. The Ramsey plan seems to be to use gazelle intensity to attack the problem head on without doing a lick of math. Which does work for lots of people. But you can be gazelle intense AND do math at the same time.
In fairness, I think there is something to be said for the psychology of what Dave and crew do: they radically eliminate distractions and thought from the process so truly addicted people can attack the problem with single minded focus. Any decision that has to be made along the way is a chance for that intensity to wane and for people to backslide.
But I don't know if it requires them to declare that any other method is inferior or wrong. They can have their program while acknowledging there are more efficient ways to do it for those who aren't hopelessly addicted to debt.
Completely valid plan... until the economy goes south and no bank will give you a new credit card with a 0% intro to move that debt you still can't pay off. Now you have paid that $200 plus you get slammed with all 18 months of accrued interest.
You're debt free George so set the example and be generous over this way towards me 🤣🤣
If you’re rich, you don’t waste time doing things like grocery shopping or cooking. Unless you love to cook.
Pro tip, someone on UA-cam bragging about their G Wagon etc. is probably a fleeting rich and not a wealthy person. Lots of fakers out there. If you really are wealthy, then you probably have staff, a housekeeper, or at least a person once or twice a week to do shopping and cook a number of meals for the week. Down a notch but you can do Factor or other prepaid meal service or actually leave the house and have a lunch meeting for business or social. You know there are shopping services that will deliver the groceries so yeah, no need to get the valet to pull around the G wagon. Chances are all are healthier choices than that door dash/uber eats. Real wealthy people don't get and stay that way by chucking away 30% markup on food. We have a high net worth with over $2.5 million investable assets, and I keep a close eye on fees and waste in the budget. Makes no sense to throw away money. Even a few dollars wasted I still feel because I know how hard I and my wife worked to get here.
This really is no difference than a debt consolidation loan for a lower interest payment while you push to pay it off. Not doing it has you battling against “22%” interest. She did not say do it forever and to pay off debt.
4 years ago i was 450k in overall debt. By the end of the year ill be below 300k.
🤣 you’re hilarious. Thank u for the financial laughs
Who cleans dishes with dial soap lol
People who have never cleaned a dish in their life.
Adult children that can't cook or clean
LOL! That's what I thought. That's hand soap Waller. Good Lord man, get out of the house more.
@@GeorgeKamel🤣
😂
10k is fine in checking if you have large mortgage's. I got 5600 between 2 properties, and my expense burn rate monthly is 8k, id be insane for having less than 10k in there unless I want to hyper transfer money back and forth. Id rather have the 10k and forget about when I get paid. I still have my emergency fund in a HYSA and thats 30k in case I get laid off.
For the Arizona Ice Tea guy, he should raise prices - to get people to stop drinking all that sugar. It'll cost you more money down the road in health care costs.
The way the first two spoke, it made sense right at that point
Thanks for the continuous update! I am super excited about how my stock investment is going so far, making over $32k weekly is an amazing gain.
Do you invest with a professional broker??I'd appreciate it if you show me how to go about it.
It's Elizabeth Regina Nelsen doing she's changed my life. A BROKER- like her is what you need.
Her top notch guidance and expertise on digital market changed the game for me.
YES!!! that's exactly her name (Mrs Elizabeth Regina Nelsen) so many people have recommended highly about her and I'm just starting with her from Brisbane Australia🇦🇺
Wow! Kind of in shock you mentioned expert, Elizabeth R Nelsen. What a coincidence!!
As long as most businesses don’t offer cash discounts using a credit card and paying it is far superior to cash. The offers, rewards, and benefits are substantial.
Heyyyyyy
Bradley on a Budget is an excellent channel for frugal living.