My husband I were over $45k in debt in October 2019 and now we have $5k left doing Dave’s method 🙌🏼 the pandemic slowed our progress a bit since our kids now have to do online school and someone has to be home with them but we kept hustling as much as we could. Should be paid off by June. THANKS DAVE!!!
Good job guys! My wife and I too used Dave's method and are debt free except for the house which we hope to be done soon if the pandemic hadn't put a crimp in that. Keep at it!
I think it's because she really seemed like somebody who might take the message and actually do it. You definitely get the callers that it's clear they're not going to take his advice. They'll just take the bankruptcy. There's not much point in trying to push and encourage those people - they're already consigned to their fate.
Exactly!! They're probably renting a home. Since they don't have kids, they could easily rent a nice 1 bedroom apartment in the Denver area for around $1200-ish per month!
@@Ryan-um5xe I guess so but with him being on the road and her income not being astronomical I'm sure she could find another job elsewhere or with a better commute with lower rent.
@@heidithaw1072 Granted that would be difficult if they were living in New York City or Los Angeles, but were they live they can do this. Not impossible to do.
This lady is thankfully not bankrupt. Some motivation from a coach or peer group should keep them going. Take care of your food, utilities, shelter, and transportation and the rest is essentially a game. She's got this.
its tough being an independent contractor, 1099 etc., in which taxes are not withheld, or if you deliberately under withhold - the temptation to spend money needed to pay taxes. The IRS comes first in any budget. I ate rice for a few months in college, not sure if that is the lowest cost per calorie. Now, I have many excess calories that I wish I could send back in time to my younger self
Their rent is way too high. They can almost clear the 10k in the first year without making any changes to their lifestyle by just reducing their rent by 500 or so.
I agree, find cheaper rent. I know a person that pays $1,500 for a one bedroom apartment with a garage. That is close to downtown. They might have to down grade their living situation. However, $2,200 is average rent from what I've seen.
@@nicoledodge.1013 it’s not ridiculous It’s just not marketed towards u. When I quit my job in California My landlord said to me. “I’m gonna double your rent.” I didn’t think it’s ridiculous I just knew she wasn’t marketing to me. So I moved to Texas 3 weeks later
Do I need, ( will I benefit) from downloading the Every Dollar app and the Dave Ramsey Network app? I save as much battery life and system resources as I can. Do I need both?
I’m glad Dave side with the caller but I cannot help but feel sorry for the loaner. In theory, people should pay off the loan they borrow. Some people these days just hurry to borrow, sign promissory note, enjoy it and later try their best to not pay back. Crazy world we turn into.
Explain a man working as a truck driver in oil fields is going to make 60 K In the ballpark between 40 and 80 K when oil production has come a halt in the US because of a pandemic.
Hi Dave. My husband is an auto technician and makes decent good money. Its obviously a very physically demanding job though he will not be able to turn the hours in he once did maybe in the next decade. He is 40. Trying to help him (while he's at work) come up with a plan B. What we can invest in, how to get retirement, other employment options. Im at home raising our 3 kids. We are just thinking ahead. Thank you for any advice
Here's an idea, you also get a job. Increase the income so he doesn't have to work even more. If your kids are already in school then there is zero reasons why you are a stay at home mom.
@@christrout9902 no. We are ok how we are, I homeschool and I also write books part time. He makes 90k/year. Im talking about in the future for savings and retirement. Sorry my question didn't come across clear
that is true time is money .Not sure where your getting the 2 years from. A Chapter #7 BK will stay on your fico for 10 years, and a Chapter#13 will stay there for 7 years..... You wonder why prices on everything keep going up? because businesses keep losing money from people who don't pay back their debt.
Don t need to work like a slave and wear yourself out, make it easier file and do t feel bad about. Just do t do it again and no need to care others think
Ramsey never addresses this but there's a air of dishonesty in the live on debt crowd. now as far as business is concern its tied to investment in to companies. they give the analogy of use other peoples money which is a tool when you are getting investment for businesses or projects which is your selling stake in what your doing and people pay in like investing in a movie and if the returns are big they win big if it falls apart it fails. debt leveraging people say the same thing but with personal finance not allowing for the change in the loan being a promise to pay back tied to your name it's not a investment in you its holding you to your word of servitude, debt leveraging people are saying don't plan to pay it back if it goes wrong just ditch and avoid so you rack up debt eventually with the thought of not paying it off with their plan. that's dishonest and destructive to peoples lives. CEOs do it but that's not in anyone's name the company as a intity goes down but everyone gets paid then fired which is bad but not personal. asking people to permanently live that way is stupid because you are playing with ur food money and dishonest graging your name into the toilet
If they are serious they will be out of their rental as soon as the lease is up, they can knock some of that stuff out in a few years but yeah this is probably longer than a two year process and then of course Ford will come knocking
The ONLY reason Ramsey opposes bankruptcy is because HIS business profits when you follow him and don't file. Hailey and her husband NEED a Chapter 7 but Ramsey would prefer to see himself profit.
My husband I were over $45k in debt in October 2019 and now we have $5k left doing Dave’s method 🙌🏼 the pandemic slowed our progress a bit since our kids now have to do online school and someone has to be home with them but we kept hustling as much as we could. Should be paid off by June. THANKS DAVE!!!
Congratulations!!!!
Good job guys! My wife and I too used Dave's method and are debt free except for the house which we hope to be done soon if the pandemic hadn't put a crimp in that. Keep at it!
Awesome so awesome
Great for you!!!!!
Don't forget to thank yourself too. He provided the plan but you all had to execute. Congrats keep going!
This call had a real intervention type feel on it. I like when DR goes hard.
I think it's because she really seemed like somebody who might take the message and actually do it. You definitely get the callers that it's clear they're not going to take his advice. They'll just take the bankruptcy. There's not much point in trying to push and encourage those people - they're already consigned to their fate.
Colin - yep, you can always tell in the tone of voice if they are sincere or just looking for a way out.
I love the calls where Dave gets like this and gives them the motivation!
They need cheaper rent...asap
Ikr
They might have moved into it anticipating a new adopted baby. But even then you don't need that much house Denver.
First thing I would have done,found a cheaper place.
Exactly!! They're probably renting a home. Since they don't have kids, they could easily rent a nice 1 bedroom apartment in the Denver area for around $1200-ish per month!
Huge turning point for this lady. I am glad to hear she is ready for the change.
“You’re not going to see the inside of a restaurant, you’re broke.” 😂😂😂
They need to learn how to cook.
@@blackworldtraveler3711 Cooking rice isn't that hard.
@@jimroscovius
And beans.
@@jimroscoviusricecooket
@@blackworldtraveler3711no cooking needed😊
Dave you are so right. I did a no spend challenge this month and I did so great. I did feel like I got a raise.
The Dave Ramsey team does so much good in the world!
2250 a month for RENT, ugh.
That’s nothin
Really depends on where the live
One of the best calls I've heard in a while. Good job Dave
Dave: What’s your house payment
Caller: $2250
Dave: Uhm
Caller: We rent
Dave: Uhm
Yeah the rent is super high but he knew it was useless to try and dig through that first
She must live in commiefornia
Saving people's lives. Keep up the great work Dave!
Need to reduce their rent too. Especially with him working on the road
That's pretty reduced in Colorado
What I was thinking. Paying two grand a month on a rental is way too much when there are smaller homes for half that much and more manageable.
@@georgecarter838 Depends on where you live.
@@Ryan-um5xe I guess so but with him being on the road and her income not being astronomical I'm sure she could find another job elsewhere or with a better commute with lower rent.
@@heidithaw1072 Granted that would be difficult if they were living in New York City or Los Angeles, but were they live they can do this. Not impossible to do.
I hope they follow through!
If she follows the plan, they'll be fine. Great to see Dave going through some of this stuff still.
This lady is thankfully not bankrupt. Some motivation from a coach or peer group should keep them going. Take care of your food, utilities, shelter, and transportation and the rest is essentially a game. She's got this.
its tough being an independent contractor, 1099 etc., in which taxes are not withheld, or if you deliberately under withhold - the temptation to spend money needed to pay taxes. The IRS comes first in any budget. I ate rice for a few months in college, not sure if that is the lowest cost per calorie. Now, I have many excess calories that I wish I could send back in time to my younger self
Their rent is way too high. They can almost clear the 10k in the first year without making any changes to their lifestyle by just reducing their rent by 500 or so.
After doing a search on house,apartment, and condo rentals in the Denver area on Zillow I would say they are keeping up with the Joneses.
Bankruptcy is unfortunate, specially for a car .
its not that bad and can be a wonderful thing
@@lcastill2013 I almost went bankrupt 10 years ago for a car it was a 2011 Mitsubishi. Financial literacy change my life 😁
One of the best decisions I made in my life was file for bankruptcy.
@@JiggyC same
@@lcastill2013 sometimes you have to go backwards to go forward. I learned from it and have become better with my money because of it.
$2200 a month rent has to change
Might not have a better option
Don't return the baby to the adoption agency once that gets too expensive.
Loved this one. I hope we can get a follow up on it in 12/18 months time. See where they improved and what they learnt etc
I'm petty enough that I'll file bankruptcy just to stop the garnishment. You wanna play? I'll play right back...
I agree, find cheaper rent. I know a person that pays $1,500 for a one bedroom apartment with a garage. That is close to downtown. They might have to down grade their living situation. However, $2,200 is average rent from what I've seen.
They are in a rental that they can’t afford.
I always feel better about my situation after listening to these calls. Good grief🤦
I want to know what they’re renting that’s 2200 bucks smh that rent needs to go down by about 1000 dollars
Just remember things could always be worse.
HOLD THE LINE $GME
TO THE MOON!!!!!!
My rent before I bought my house cash
In July 2020 was $250.
Bingo!!
@@homecookteresagreen it wasn’t the best neighborhood
But I kept telling myself
Soon I can buy a home cash.
It was worth it
@Josh
I think the $250 was his rent per month.
@Josh Amarillo Tx.
$2250 a month for rent!?!?!
That’s cheap in
Santa Cruz Ca
That's a 3 bedroom 1 bath 1100sqft home in lompoc California
In the Denver area that’s on the low side for a house. It’s ridiculous.
@@nicoledodge.1013 it’s not ridiculous
It’s just not marketed towards u.
When I quit my job in California
My landlord said to me.
“I’m gonna double your rent.”
I didn’t think it’s ridiculous
I just knew she wasn’t marketing to me.
So I moved to Texas 3 weeks later
@Him Bike McAllen Texas would be perfect am looking to moving down there there's a home that's 2,800sft and 20 acres for 256,000$
Save this family, Dave! 👏🏻👏🏻
Papa Dave is the best
Beans and Rice, Rice and Beans! Love it 👍🏾😂
Lord Have Mercy
Why would they take 20 cents on the dollar if they get a judgment? They have the leverage at that point.
Maybe because is they win they will be paid in a long period of time instead of taking the cash now.
Damn right! Just cut the crap and pay your bill, pay your debts like stand up people with integrity. Stopaking lameo excuses.
I wonder if Dave would recommend bk if there is a judgement for 1 million against the person.
You can do it girl !!
That rent payment ouch
This couple is going to be amazing!
Do I need, ( will I benefit) from downloading the Every Dollar app and the Dave Ramsey Network app? I save as much battery life and system resources as I can. Do I need both?
Hey Dave
Nice work 🎆✨🎇
This couple never met a debt they didn't like. And then they want to adopt? Get put off debt first. You got in, you can get out.
woah. i have no debt, and this video gave me the strength to pay my non-existent debt.
Scary call.
I’m glad Dave side with the caller but I cannot help but feel sorry for the loaner. In theory, people should pay off the loan they borrow. Some people these days just hurry to borrow, sign promissory note, enjoy it and later try their best to not pay back. Crazy world we turn into.
Explain a man working as a truck driver in oil fields is going to make 60 K In the ballpark between 40 and 80 K when oil production has come a halt in the US because of a pandemic.
Hi Dave. My husband is an auto technician and makes decent good money. Its obviously a very physically demanding job though he will not be able to turn the hours in he once did maybe in the next decade. He is 40. Trying to help him (while he's at work) come up with a plan B. What we can invest in, how to get retirement, other employment options. Im at home raising our 3 kids. We are just thinking ahead. Thank you for any advice
Here's an idea, you also get a job. Increase the income so he doesn't have to work even more. If your kids are already in school then there is zero reasons why you are a stay at home mom.
Beans and rice, rice and beans
Dont have another kid,,go back to work in 5yrs,,
@@christrout9902 no. We are ok how we are, I homeschool and I also write books part time. He makes 90k/year. Im talking about in the future for savings and retirement. Sorry my question didn't come across clear
@julian blake I will look into that. Thank you!
I am so glad I don’t have any debt!
Great review on this topic!
Claim bankruptcy and get 2 years of your life back. Don't give it away to pay all this back. That's why we have bankruptcy. Money is time America.
that is true time is money .Not sure where your getting the 2 years from. A Chapter #7 BK will stay on your fico for 10 years, and a Chapter#13 will stay there for 7 years..... You wonder why prices on everything keep going up? because businesses keep losing money from people who don't pay back their debt.
Wrong. Bankruptcy filings would follow them for far longer.
@Josh They would qualify for bankruptcy.
Don t need to work like a slave and wear yourself out, make it easier file and do t feel bad about. Just do t do it again and no need to care others think
1st thats rent too much !
WITHOUT WAR I mean. Stuff is Crazy right now you stick together or your gonna fall
RICE AND BEANS AND BEANS AND RICE BABY
I need advise on selling and buy a new home.
This sounds familiar? Is this one old or are callers just too repetitive?
Rachel has a nice look today!
Agreed 👍
This call make me cry 💔 they can do this 💪
I make over $300,000 trucking in the oil field
You mean there's no get out of debt free card?
K Roddy - but the politicians say there is😎
Ramsey never addresses this but there's a air of dishonesty in the live on debt crowd. now as far as business is concern its tied to investment in to companies. they give the analogy of use other peoples money which is a tool when you are getting investment for businesses or projects which is your selling stake in what your doing and people pay in like investing in a movie and if the returns are big they win big if it falls apart it fails.
debt leveraging people say the same thing but with personal finance not allowing for the change in the loan being a promise to pay back tied to your name it's not a investment in you its holding you to your word of servitude, debt leveraging people are saying don't plan to pay it back if it goes wrong just ditch and avoid so you rack up debt eventually with the thought of not paying it off with their plan. that's dishonest and destructive to peoples lives. CEOs do it but that's not in anyone's name the company as a intity goes down but everyone gets paid then fired which is bad but not personal. asking people to permanently live that way is stupid because you are playing with ur food money and dishonest graging your name into the toilet
What’s Dave’s opinion on the GME situation?
He needs a better job....plenty of 60-90k truck driving jobs out there. I have one and am home every day
Buy GameStonk and you'll be out of debt before the end of the week.
They are probably going to do it for 6 months, then give up. They are 7 years away from getting out of debt.
If they are serious they will be out of their rental as soon as the lease is up, they can knock some of that stuff out in a few years but yeah this is probably longer than a two year process and then of course Ford will come knocking
Why does it matter to you. I believe. Grow up
@@risktkr77 That was not very nice
@@albertog.5433 who cares
@@albertog.5433 Dave and his wife were bankrupt themselves so he knows what he speaks
Now I've never had debt. But I dont like the snow ball approach
Haley’s comet.
Hmm. Ramsey Solutions ... middle name Heroes.
How do these people sleep at night? No debt = no problems
Not when you own GME
Awe that's too bad 😔
The ONLY reason Ramsey opposes bankruptcy is because HIS business profits when you follow him and don't file. Hailey and her husband NEED a Chapter 7 but Ramsey would prefer to see himself profit.
No sir, you are incorrect.
Where is the profit for him in this scenario? He’s giving the lady the subscription and course and everything else he’s giving her here is advice.
Lets get Dave to talk about GME!
This Hailey chick needed a budget, like, two years ago.
GME, Robinhood, WSB, how do y'all feel
Can Rachel get any cuter?
🤢🤢🤢🤢
Dave gaslights people a lot. Lol.
😁✌🖖👌👍 😎
Oh no...
The dirty "B" word 🤢
10th