Can I Pay Off Debt Without Changing My Lifestyle?

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Can I Pay Off Debt Without Changing My Lifestyle?

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Жыл бұрын

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Пікірлер: 225

@SilenceSlayer224 Жыл бұрын

Dude this hit home. I had a brand new truck (paid off) in the driveway and 30k debt to the IRS. When I got married my wife didn't understand why I hated my truck so much. It was a constant reminder of my poor decisions. I sold the truck back to the dealer, paid off the IRS and got my life under control. That truck, even being paid off yelled at me and told me how stupid I was for buying it. Selling it was my commitment to changing my life around financially

@AXJ23 11 ай бұрын

Right on brother!

@andrewheffel3565 Жыл бұрын

Your saving grace is an income of $150K. You don't have to sell anything, but you have to change your spending habits. No more luxuries until you pay off all debt, then start saving.

@katemiller7874 Жыл бұрын

Exactly what I thought.

@elizabethsomoza7109 Жыл бұрын

Don’t sell it.

@shachede6828 Жыл бұрын

Honestly he shouldn’t sell it cause he will just by it again, lol. Especially because he willl never get what he paid for it. He should just stop spending

@megalodon1726 Жыл бұрын

Financially he doesn't have to sell anything, but psychologically it would be good to sell some of it so he's not seeing the stuff every day.

@andrewheffel3565 Жыл бұрын

@@megalodon1726 If he paid some of it off, he might not mind seeing it.

@IgoOutlateAtnight Жыл бұрын

Can i lose weight without exercise and diet??? Same question

@TheEternal792 Жыл бұрын

That's what people expect now with these "magic" injectable medications now like Mounjaro and Wegovy. Nevermind the fact that they cost thousands and you have to be on them for the rest of your life if you don't change your lifestyle...but everyone always wants a quick fix, and it's why we have shortages of those medications now.

@ecclairmayo4153 4 ай бұрын

🤣🤣

@iati6294 2 ай бұрын

Yeah if your rich

@joelmiller7078 Жыл бұрын

That lady is gonna come home one day and think they’ve been robbed!! But it was just her husband selling all their stuff on Facebook marketplace 😂😂😂

@roolyfe Жыл бұрын

Hood Rich 🤑! Got the Porsche but doesn’t have $10 to put in the gas ⛽️ tank!

@mysticalheart8107 Жыл бұрын

We've all made stupid choices. Today he is doing things differently 😌

@blackjohnsnow9375 Жыл бұрын

“Got a quarter tank of gassssssss, in my new e classssssssss, but that’s ok , cus I’m stilll flyyyyyyyy” lmao

@roolyfe Жыл бұрын

@@blackjohnsnow9375 you know it! Big Tymers

@roolyfe Жыл бұрын

@@mysticalheart8107 in my 20s I did some bone head stuff

@eclipse.5295 Жыл бұрын

I’m a single mom making $50,000 a year. I can’t even imagine making over $100,000 and being broke 😮

@thejakelegion Жыл бұрын

Lifestyle creep is real. I remember when I made 25k a year. Now I make 7X that and found myself having to REALLY budget so I didn't blow past my income.

@clarifyingquestions Жыл бұрын

@@thejakelegion This is true. I have always lived on 50% of my income one of my life principles. When ever I could not live as I wanted on 50% the only options was to make more money. So that is what I did!

@blackworldtraveler3711 Жыл бұрын

At least 5k of us made $100k or more where I worked. Broke,paycheck to paycheck,and slave to debt was a common thing with many under a good disguise supported with biweekly paycheck. Pretty sad though. It’s so affordable and cheap to live there and raise a family. They could have done better financially through the years.

@litigioussociety4249 Жыл бұрын

Seems ridiculous to me too. I could maybe understand, if it was a guy dating or married to an expensive girl, and they lived in an expensive place like California. However, then there's a clear mistake with having the relationship, and possibly a mistake with choosing a job in California.

@peartfaldo Жыл бұрын

its NOT what you make...its what you spend....

@georgeorwell3501 Жыл бұрын

ALL of us have made these mistakes. It’s ok if we learn from it.

@AlphaShadowSphere Жыл бұрын

Lol i like how Dave is making fun of John by throwing his advice right back at him.

@madalynmull1681 10 ай бұрын

My husbands newest purchase sitting in front of our house. It yells at me everyday. But it made him so happy. And its paid for.

@Bob-yh7ir Жыл бұрын

Don't worry too much about past decisions you made. Sounds like you learned from them. The rear view mirror is smaller than the windshield for a reason. It' s more important to pay attention to what's in front of you than what's behind. Don't let worrying about the past ruin you making a great future.

@happym0nk3y Жыл бұрын

I think I've been listening to too much Ramsey. I guessed his debt breakdown and income to the exact dollar before he said it.

@JustinCase780 Жыл бұрын

@2:12 John: I think he could be done by Oct. 1 Caller: Yea!

@douglasbrinkman5937 Жыл бұрын

stop caring about what others think of you. worry about what God thinks of you.

@jmorris023 Жыл бұрын

Why, he’s a jerk.

@ScottMcRobbie Жыл бұрын

yes lets bring god into the mix.

@Excalibur2 Жыл бұрын

God thinks you look good wearing the Gucci belt

@LucasSChiefsLightning Жыл бұрын

Should I worry about what the Easter Bunny or Thanos thinks of me too?

@jmorris023 Жыл бұрын

@@ScottMcRobbie I tend to agree, but to be fair, when you're listening to Ramsey, the prosperity gospel isn't too far behind.

@9liveslisa Жыл бұрын

IT'S ALL JUST STUFF! I don't even sell my STUFF. I just donate it so it can be someone else's STUFF! Alex, you and your wife will feel so much better when you aren't surrounded by STUFF! And when you become DEBT FREE!

@tshandy1 Жыл бұрын

And if it's nice leather furniture, I can even take it off his hands.

@9liveslisa Жыл бұрын

@@tshandy1 😃

@blackworldtraveler3711 Жыл бұрын

Yeah I'm more of a minimalist. No clutter anywhere. Only have furniture I actually use. Homes neat and clean. Prefer life experiences like travel and other activities/interests over clutter and "stuff".

@Joce123 Жыл бұрын

I gave vintage furniture worth 100's..I'm still in baby step 2. But. Goodwill benefitted immensely. I am free of the stuff. One more year of frugality and I'll be free..Change your words..Change your life

@AlexWatts-hj9el 11 ай бұрын

Even after paying off my car, I downgraded and I sold it. I just didn't like having it around, reminding me of the bad decision on getting the loan to get the car.

@Robertgriffinne Жыл бұрын

The most important thing that should be on everyone's mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the world. This is still a good time to invest in various stocks, Gold, silver and digital currencies. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600,000 since 2020.

@BenjaminMcLeod815 Жыл бұрын

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@Patriciacraig599 Жыл бұрын

If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Because their entire skill set is based on going long and short at the same time, they employ a profit-driven strategy based on individual risk tolerance...

@PhilipMurray251 Жыл бұрын

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@user-3456rtu Жыл бұрын

How can I get in touch with Linda? What are her offerings? Is she verifiable? Do you believe she can assist me? I am from Canada

@PhilipMurray251 Жыл бұрын

Nicole Desiree Simon covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her...

@tshandy1 Жыл бұрын

I was in my late twenties. I didn't have a penny to my name, but I bought a $700 leather coat on a credit card. I thought the coat made me look more handsome and appealing than I was. When I got the coat home and put it on again, it talked to me in a very cruel way. "Who do you think you are? Brad Pitt? LOLOLOLOL!!!" I never liked that coat after that point.

@taylorsmith9629 Жыл бұрын

Did you return it?

@tshandy1 Жыл бұрын

No. I was too embarrassed to return it because the girl in the shop was really cute and I didn't want to look weak. Can you imagine that? I'd rather be a fool, than look like one. I still have that jacket today (nearly three decades later), and it looks even worse on me now, but it is a reminder of the shame I feel when I spend money like an idiot.

@janelleg597 Жыл бұрын

@@tshandy1aww that makes me sad. Nice coat rotting away due to shame. A good lesson, but jez

@re_flow Жыл бұрын

Bro it might be too late to return it now, but if it happens again the next time, it is better to do so. I can bet you that admitting your fault and putting down your pride and insecurity will be more attractive in a woman's eye, plus you get the benefit of having a good topic to talk with her and start the ball rolling. Wasted opportunity, but I know you could do better next time.

@InternetUser._ Жыл бұрын

Man, 30 years ago $700 is like a couple grand today too.

@aaronalquiza9680 Жыл бұрын

Last year our lives changed a bit after getting into a car accident, got injured from it and our mortgage renewal came up too after interest skyrocketed. It was draining. This year I realized how last year has taught us to live frugally and be humble. Now we're in a much better position and I'm thankful that last year happened.

@randaray24 11 ай бұрын

Buddy needs furniture. Unless you can get what you paid for it it may cost more to replace it. Keep it and call it a lesson.

@jimmymcgill6778 Жыл бұрын

John saying to sell his furniture? He makes enough money to not sell anything.

@alinatamashevich3354 Жыл бұрын

@Jimmy, are you his accountant?

@TonyCox1351 Жыл бұрын

He said selling it would bring him peace, so what does it matter what he makes?

@jimmymcgill6778 Жыл бұрын

@@TonyCox1351 No he didn't. He said that because that is what Phil Dunphy wanted to here.

@superblump87 Жыл бұрын

You have the worst takes on these videos.

@katemiller7874 Жыл бұрын

Right. That’s ridiculous. You have to have furniture. He makes too much money not to

@MiltonHartman-zj8ri Жыл бұрын

I bought a 4 wheeler when I turned 50. It still talks to me.

@AnnaKrueger809 Жыл бұрын

Wow, what an incredible video! No matter the circumstances, it's crucial for everyone to have a burning passion and a clear goal to strive for. Once you have that focus, making choices becomes effortless and enjoyable. Personally, I've witnessed a remarkable transformation in my financial journey. From an ordinary lifestyle to earning over $63k per month, it's truly astounding! By consistently compounding my income through various profitable investments like savings accounts, stocks, bonds, and high-yield dividend funds, I've built a well-diversified portfolio worth seven figures. Thanks to the guidance of financial professional Gregory Thomas Patchak, I've learned to concentrate my efforts and prepare for any financial struggles that come my way. The world of finance is full of opportunities, you just need to stay focused on the right path.

@Bradleyschaeffer376 Жыл бұрын

It's truly remarkable to see the impact of having a strong purpose and working towards financial success. Your story is incredibly inspiring and shows the power of making the right choices and focusing on the right things. Gregory Thomas Patchak has clearly played a significant role in your journey, and it's great to hear how working with a financial professional can help prepare for financial struggles. Keep sharing your experiences and motivating others along the way.

@Seanmirrer Жыл бұрын

It's great to hear that you have had success in the financial market and have a well-diversified portfolio. Gregory Thomas Patchak sounds like a great adviser.

@GaryWinstonBrown Жыл бұрын

That's truly remarkable! I would greatly appreciate if you could share some information about your financial advisor. I'm also interested in making positive changes to my finances this year, so any insights would be highly valuable to me.

@AnnaKrueger809 Жыл бұрын

Run a web search for his entire name Gregory Thomas Patchak

@GaryWinstonBrown Жыл бұрын

Thank you for sharing, Your coach was simple to discover online. I unwillingly copied and pasted his complete name into my browser, and now his page is at the top! And I wrote to him. He appears knowledgeable based on his online resume,incredibly great and helpful, far above expectations

@billhayward2668 Жыл бұрын

What an eye opener! The thought of all the stuff I bought actually talking to me, telling me that I was smart or foolish at the purchase is going to help so much in the future. What a great conversation!

@arabellasowders503 Жыл бұрын

Yay for Dawn! @TheMinimalMom So much practical wisdom in what she shares and just like what Dave and his team share, there is so much freedom on the other side.

@bigman8733 Жыл бұрын

Totally understand the idea of your “stuff talking to you”. So many things I would buy the last 2 years and I look back and think man I really didn’t need these things in my life right now and if I would’ve put that money towards something useful or something that would make me money I’d be able to have those things I wanted in the first place plus more in the savings. Lifestyle creep is so annoyingly real but you learn🙏

@evanwrenn402 Жыл бұрын

I don't really understand why people have savings AND credit card debt. Take the savings and pay off the credit card debt. If you have an emergency, put it on the card.

@FrenchCruller03 Жыл бұрын

Totally

@ecclairmayo4153 4 ай бұрын

Yup I was always taught that credit cards are for emergencies

@samtheman7901 3 ай бұрын

Dave would tell you to have a "plasectomy". Kill the credit card. And you should have 3-6 months emergency fund ... just saying

@rayj.9568 3 ай бұрын

They went soft on this caller. They didn't demand that he sell the car nor asked him what he owed on the house.

@racheldawson4580 Жыл бұрын

Stuff doesn’t talk to you….YOU talk to you!! YOU have to change the way YOU think and the way YOU talk to yourself.

@DSLightning21 Жыл бұрын

7:06 - That's right John, sell the guitar. 🎸

@dylandurant1058 Жыл бұрын

Buy used stuff. Shiny new stuff will always cost more to replace if it gets damaged or destroyed.

@screwdriver_bandit Жыл бұрын

This was Dave and John at their best.

@iggypopped 11 ай бұрын

Younger people (and people who lack wisdom) need to realize the past is just a story we tell ourselves. It doesn’t exist, outside of your perception and interpretation of it. So let it go, and define yourself as you need to be. It’s that simple.

@paulmarshall9189 Жыл бұрын

If you want to collect expensive stuff, just do it a few zeros below your means - maybe pocket knives as opposed to boats and airplanes.

@mikejohn3265 11 ай бұрын

Nah. Then you will have the equivalent of a boat sitting in your garage. If you read his book or have been listening to the show a long time you will realize money isn't the issue but the person in the mirror.

@DevHazy Жыл бұрын

I paid off my new car and um it hs 26000 miles and I’m just hoping it lasts 3 years more. I’ll be happy

@stephaniegaddis1716 Жыл бұрын

Yes! @MinimalMom is awesome!! She has a video about this concept as "The Silent To Do List." Makes so much sense!

@cutlerylover Жыл бұрын

read the title and decided to comment before I watch the video...YES keep doing what your doing but make more money lol..

@jmorris023 Жыл бұрын

Used furniture isn’t worth anything, don’t sell it, you’ll still have to replace it. Sell the car.

@diggernash1 11 ай бұрын

My things talk to me and we love each other.

@deeplansandbudgets 11 ай бұрын

I honestly do not understand all this drive to sell stuff and go by cheaper stuff. Just take the stuff you bought, good quality, and never replace it. Keep it. That new car will last 20 years, that high cost furniture should last 20 years. Instead of hating it, let it bring you peace in that you will not have to buy any of it again for years. I would not say you should use this as a justification to buy any new stuff, but, for the stuff you were stupid in the past and bought that you should not have, find peace in it. I do not think there is anything wrong in buying a new car as long as you save for it and pay for it in cash, while leaving all of your Emergency Funds, Retirement and other savings in tact. Spending money is okay, as long as every purchase is made with intention to support your financial goals and those goals should support the life you want to live.

@shansmith7100 Жыл бұрын

My stuff talks to me… $42,000 car, my jewelry, $600/$700 bags and I look every day like whyyyyyyyyy??? Happiness and affordability didn’t make me do it, depression did now I’m more depressed.😢

@liv_fahn4072 Жыл бұрын

I have a $600 car payment it was such a stupid choice I made. My question is do I sell my car? Some of what I owe is from the vehicle before this one so even a trade in wouldn't get me what I owe😢

@johnroark9568 11 ай бұрын

Pay as much as you can until it's worth what you owe and sell privately. Never never never trade it in or sell it to a dealership.

@SilentEire Жыл бұрын

This was a good segment 👍

@djpuplex Жыл бұрын

Status Saturday is what we should call this.

@djpuplex Жыл бұрын

Yeah he's married no way any of this is happening.

@TonyCox1351 Жыл бұрын

Dudes out here have tricked themselves into believing that other people truly care what kind of car they drive…meanwhile the people they are trying to impress are too busy worrying about what other people think of them

@djpuplex Жыл бұрын

@@TonyCox1351 Yup the best is when they say everyone has debt.

@ruthirwin8222 9 ай бұрын

I made rag dolls and one of them looked really cross, so i changed her eyes, another one said, are u ever going to sew me up, i told my adult children we laughed til we were sore lol

@tylersanders2388 Жыл бұрын

The way this conversation went made me think his wife isn’t involved in the finances or that her finances are separate

@dylandurant1058 Жыл бұрын

Need vs Want scenario

@jasonk446 Жыл бұрын

Glad I don't feel this way. Walking around my house is a constant reminder of how I used to be. Pretty much everything over a few hundred dollars was bought using credit. Glad I don't live that life anymore.

@lyndaslocs 11 ай бұрын

So now we're hearing voices?

@kellyparker3792 Жыл бұрын

I felt all of this segment.

@ronaldkovacs7080 Жыл бұрын

If the lifestyle is what led to the debt, then the answer is NO!

@clarifyingquestions Жыл бұрын

I wonder how old he is becasue it is really sad that he is 80k in debt instead of 80k saved for his elderly self. People are so happy to be debt free - I get that but do they realize how much compound interest they have missed? Thsese baby step 2 callers reach retirement and complain that they worked their whole lives and where is my government but they leave out how many years or decades they iived beyond their men=ans ie in debt.

@lionmangolf Жыл бұрын

I agree. We lived a normal life for two decades. But always contributed 5% or more to our 401k.

@lolwtnick4362 Жыл бұрын

oh man all that imaginary interest. do you know if you kept it all in cash during covid you would be ahead 30 to 40% of your colleagues?? most 401k are flat or down because covid times sucked that money right out and you didn't notice.

@RusskiCommieBot Жыл бұрын

Нет!

@vistavisionary 11 ай бұрын

The fact that he didn’t mention being married until that late into this conversation tells me he has more marital issues than financial.

@truthbetold6942 11 ай бұрын

Maybe he is so caught up in his shame in this call, that is all he can see.

@xlerb2286 Жыл бұрын

Yeah, I've got some things in my life that serve as good reminders of when I was stupider. I've got a pinball machine that I bought back when I didn't really have the money to spare. Now I'm glad I have it and have no interest in selling it. But it was a stupid purchase at the time, at least I didn't borrow money for it.

@markess9840 Жыл бұрын

This caller sounds like George

@RandomVids519 Жыл бұрын

Great John hears voices🙄

@Bubbaxmonster Жыл бұрын

Yes he can just leave the credit card less then you make

@arh1234 Жыл бұрын

Love the end - nope, Nope, NOPE!

@RickImus Жыл бұрын

My guitars talk to me, too. The answer isn't to sell them, it's to keep them in good condition and play them.

@robedmund9948 Жыл бұрын

Short answer to the title question - yes, but it will take you longer to get out of debt. Why wait. Life if going to happen. When it does and you are out of debt, it's not a problem. When life happens and you owe people, it's COMPOUNDS the problem.

@mero7103 Жыл бұрын

Hey, when will you talk about the real company Cannafarm Ltd that brings profit?

@adamseidel9780 Жыл бұрын

The credit cards are stupid af, especially when he could pay them off today. The rest is like not that concerning. Expensive car, but not the end of the world. Modest student debt, probably at a lot rate, that set up his high income. Nothing to freak out about.

@diceportz7107 Жыл бұрын

WOW! None of my stuff talks to me. And real estate doesn't talk to me either. Wonder what they are using? lol And I feel no shame for what I own. Why would I do that?

@raze2400 Жыл бұрын

I disagree on selling the furniture. He makes enough to get rid of his credit card debt very quickly. Just focus on that first. Just stay focused on only spending what you need, not what you want until you get yourself together and figure out what is a comfortable way of living. You make enough to get out this mess

@jaybenekin 7 ай бұрын

SMH u think 100k solves everything huh?

@katemiller7874 Жыл бұрын

I love my stuff I don’t feel any shame at all. It’s called having self esteem. I’m not in debt tho.

@DB-bw5fz Жыл бұрын

I feel that there is a subconscious difference in the way you feel about an item based on how you’ve obtained your items. (Ie bought with your own money vs financed). For example, If you buy a new vehicle in cash…it’s going to feel different to you than if you bought it on the premise that you can afford to finance it and make the payments on it. Of course…there are subtle differences here and there, but that’s been my experience anyways.

@barryetherton4889 Жыл бұрын

Have to know what his home loan is.

@therandysmith697 Жыл бұрын

I get it. But he also has a money problem. You need at least 200k to live well, buy things you want and save.

@wesny1907 Жыл бұрын

Are cryptocurrency and business incompatible? I think youre not keeping up with the news. While you thought it was impossible, some enthusiasts from Cannafarm Ltd integrated cryptocurrency into the production of medical cannabis. What do you say now?

@blackworldtraveler3711 Жыл бұрын

Scam post.

@ronmexico5908 Жыл бұрын

Congratulations on admitting that lots of stuff won't bring you happiness. Its just stuff

@kentondragon9263 Жыл бұрын

You don't own your stuff; your stuff owns you🤔💁‍♀️

@Spimmick Жыл бұрын

How do you have so many viewers making 150k??? It's frustrating.

@Jedi12789 Жыл бұрын

What do these people do for a living? Dude is making 150k. My goodness. Tell us what you do man!

@ItsMe-ko6sz Жыл бұрын

Hello

@alinatamashevich3354 Жыл бұрын

Good bye

@Ms.MD7 Жыл бұрын

This is most Americans I know

@jmseva Жыл бұрын

Making over a 100000$ a year in my country is living a 10X life of a midclass guy

@peetran09 Жыл бұрын

Lately these calls are getting so stupid! Obviously this guy is going to be alright with an income like that! I feel like this guy is just trying to flex on all of us on public radio

@joycew.6531 Жыл бұрын

yup😁

@tharpeaddy Жыл бұрын

I make 26009 a yr no kids no wife no car no house no second job and I save over 300 a month I also smoke weed and ride a e bike It’s tons of ways you can do this lol

@dedenurhalimah3824 Жыл бұрын

Wait, do you think cryptocurrency will crash? I dont think so. More and more companies are integrating cryptocurrency into their operations: Amazon, Cannafarm Ltd, Burger King, even Starbucks, dude!