If I Lost All My Money Today, Here Is What I Would Do

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4 ай бұрын

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If you’ve ever experienced an unexpected job loss or a medical or family emergency, you know what it feels like to be stretched really thin for money. Today, I’m going to tell you everything I would do in that kind of situation.
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Пікірлер: 115

@mrssap8603 4 ай бұрын

1. Find income. Take a job anywhere to make money. 2. Find a salary position with benefits even if not dream job. 3. Budget monthly and cut out none essentials. Cut subscriptions and lower grocery bill. Make sure 4 walls are covered - shelter, utilities, transportation and food. 4. Start selling off everything - anything of value; maybe go down to one car, sell fancy appliances, clothes, jewelry 5. Pause investing 6. Contact creditors for grace period and/or lower payments for a season 7. Take it one step at a time and don't lose hope Go, Team! 4. 4.

@evalina98000 4 ай бұрын

Mahalo nui loa 👍🏽

@jakeandsarahhealthnuts3299 4 ай бұрын

thanks for the summary.

@tressalewis7004 4 ай бұрын

This is such great advice! You don’t assume that people know any of the steps! Brilliant

@virginialangford6257 4 ай бұрын

Apply for unemployment compensation should be pretty close to the top of the lists of first thing to do. Not all jobs or situations are covered by unemployment compensation…but it is very worth looking into.

@disgruntledcashier503 4 ай бұрын

this. No one should ever be ashamed by going on unemployment compensation. It is not a handout, it is not welfare. It is insurance you've paid into with every paycheck you've ever gotten.

@myramoxley4334 4 ай бұрын

The employer pay for unemployment

@disgruntledcashier503 4 ай бұрын

@@myramoxley4334 then what’s that payroll tax coming out of my paycheck every week?

@myramoxley4334 4 ай бұрын

@@disgruntledcashier503 Federal Income Tax (FIT) and FICA (social security and medicare) the employer pays Federal and State Unemployment

@OPCollectingHabits 3 ай бұрын

First thing I did when I got laid off in February 2020 was file for unemployment. Luckily I got unemployment before the lockdown. They were giving me $1000 a week lol for 6 months

@tyronpouncey5985 2 ай бұрын

Great advice, Litterally lost my job after working there for 2 AND a half years, and had to take. this same advice

@teotwawkishtf 4 ай бұрын

Something I started to do a couple years ago is prepay my mortgage and all my utilities several months in advance. Then, if a negative life event disrupts my income I don't find myself in panic mode. Yes, I know I could be earning interest in a savings account with those funds but with the terrible interest rates banks pay on savings I don't think I am missing out on much. The peace of mind is more important to me. Also, with the stability of our banking system becoming more questionable by the day I like knowing those organizations have my payments ahead in their bank account. I keep paper records of all my balances in case there is a hiccup with their computer systems and I need to prove what my balance was.

@Alex-cw1ph 4 ай бұрын

I think you need to look into high yields savings accounts. 4.65% APY is what I get

@CloudslnMyCoffee 3 ай бұрын

But what do you do between the no money and the paycheck? How do you eat for those 2 weeks

@lindadorman2869 4 ай бұрын

If I lost everything, the first thing I would do is sell anything of value. Getting a job relies on someone hiring you and you can't control that but you can sell clothing, jewelry, furniture, car, etc...everybody has stuff they can quickly sell online or a yard sale. When my business closed during the pandemic, I started reselling (at age 60) and only earned a few hundred dollars each month. Now 4 years later, it's my full-time business that allows me to set my own schedule, work from home and earn a six-figure income!

@annstaup4542 4 ай бұрын

I would love to do that

@lionheart93 3 ай бұрын

What do you sell? Online store?

@Tickleyourpickle420 2 ай бұрын

It's more realistic for a 60 year old to have stuff lying around to sell. For young people, getting a job is typically easier

@TharsanJeyachandran 4 ай бұрын

Lit ep

@ericasilva8192 3 ай бұрын

Where is the 14-day money finder link? The links u mention are not easy to find as you mention them in your video...if ur team could make those easier to find that'd be very helpful. Love your content girl 🤑

@ashtree80 4 ай бұрын

I was sure the first step you were going to say was prayer

@blessedmamags7796 4 ай бұрын

That's probably a given. 🙏

@misstbikini 4 ай бұрын

Hi Rachel, my husband passed away is there any part of Ramsey solutions that specializes in widows??, he paid all the bills, all the maintenance on cars, did everything 😢 my heart is heavy with sorrow and to add navigating in our finances at the same time is extremely hard.

@jennifert5120 4 ай бұрын

I’m so sorry for the loss of your husband.

@mbyrd6713 4 ай бұрын

So sorry for your loss. DR does have videos with widows who have called in and he basically sticks to the same plan. I think watching more of his videos should help you though.

@cometasporelcielo 4 ай бұрын

i wouldn't look at widows -- I'd look at young kids, right out of school. broke, suddenly on their own, no support and no guidance. you can do this. figure out how to pay your bills. take your car to the dealership. remember that your husband will be with you guiding you every step of the way and he would be so proud to see you stepping up and taking care of this on your own.

@ibincolon1498 4 ай бұрын

😮@@mbyrd6713

@musselmanmedia5236 4 ай бұрын

and this is why women also need to work a while to have that experience and learn how to fix things

@tomTom-lb5cu Ай бұрын

Rachel if I were you the first thing I would do is go see my Dad and ask for money. When he said , no. Then I’d ask him for a loan. When he said no. Then I’d say ok Dad no problem me hubby and the kids will be moving back home with you and mom, clear out a room, please. Thanks pops. See you soon. Love yah. In all seriousness though great ideas. Especially about just getting a job I think that would help you mentally too. God bless

@seagirl1100 4 ай бұрын

Love this over view. Very encouraging

@tombirmingham7354 2 ай бұрын

How did you get so smart?,.

@crazyamazingthings 4 ай бұрын

This is such great advice. Love your channel. I love the way you take a complex life situation and break it down into easy steps that anyone can do. Thank you.

@TShirtAndReeboks 4 ай бұрын

If you can donate plasma, it's an option for some quick (same day) money. I hate donating plasma, but I did it when we were living really tightly and it helped a lot.

@olgagoncharova7918 4 ай бұрын

How much does it cost?

@lindawilson4625 4 ай бұрын

Great advie! It can be hard to think straight if/when this happens. THANKS!

@user-yb5bg8im5g 4 ай бұрын

65 now. got out of college in the 80's and worked for 5 years in the corporate world. yuck. i started cleaning houses and landscaping. over the years i worked 6 days a week and had 2-3 cleaning jobs a day and filled in with landspacaping. never ever work for one ''entity'' or person. i would lose or quit a job, just filled in any holes in my schedule with referrals. had a wife, a paid for house, and owe ''nothing to anyone''. simple life, simple needs. big lesons, diversify and prepare.

@kallistoindrani5689 4 ай бұрын

Her advice is good. But because we know she has money (and probably a lot of it), it doesn't always sink in fully. The first thing I thought when I saw the title was think 'she would probably ask some money for her dad' Kinda horrible to think because it's not because he's a millionaire, that he would just had out money like that. (I hope he would of course because it's his daughter but you kinda never know.)

@JCtheComicGeek 4 ай бұрын

If I had a significant amount of money in various places and lost it all!....The very 1st thing I would do is CRY!...that is the 1st thing!😊

@Flockko342 4 ай бұрын

Emergency fund ‼️

@EricMoore790 4 ай бұрын

I would cry if I lost my 19K

@joelplatt2651 4 ай бұрын

Rich boi 😂

@olgagoncharova7918 4 ай бұрын

😂

@phobedavis7014 4 ай бұрын

Having a paycheck provides stability.

@halcyondiver 4 ай бұрын

If you were to use an investing app, what would you use?

@halcyondiver 4 ай бұрын

I can’t find the answer from your videos, so I figured I’d ask. thank you so much for your time.

@darryltognarelli6769 4 ай бұрын

God gave us the ability to make choices!! I’m living proof of that with the power of the lord Jesus Christ, and my mother!!

@KlayJones 4 ай бұрын

This is perfect timing. I lost my job earlier this week. Just last night we finished going through the budget and cut off and cancelled everything possible including investing. You gave me some additional great ideas, thank you!

@brg2743 4 ай бұрын

Best wishes for you in the days ahead. Praying you get the job you need.

@KlayJones 4 ай бұрын

@@brg2743 Thank you! It means a lot!

@brg2743 4 ай бұрын

Use Aldi if there is one close by. Saves us so much. Learn to stockpile and get food only on sale even at Aldi after the stockpile is built. Cheaper meals...canned tuna, salmon, chicken, toasted cheese, soups, peanut butter, meat in lowest sale price in town and vacuum seal and freeze it. Freeze green peppers, onions, mushrooms, carrots, celery.

@daurissacrank3270 4 ай бұрын

Best of luck 🤞

@jamesmanning8795 4 ай бұрын

You can make it! God bless you.

@Kurtdog63 4 ай бұрын

If you think you have it all together financially by successfully completing the baby steps, allow me to introduce you to the medical and pharmaceutical industry, sworn to give compassionate care while draining your life savings and stealing your children's inheritance within a few months of treatment. Biopsy, $18,000. Cancer pills, $22,000 PER MONTH, that's $264,000 per year, and the list goes on...

@topaz3468 4 ай бұрын

Giving your opinion on this is not as impactful as an individual who actually lived it and can give advice learned the hard way. Better to interview folks like this imo.

@carbro6334ify 4 ай бұрын

You always tell everyone in this situation they have to tide the church. Where's that in this crisis?

@DanielGarcia-zz9eg 4 ай бұрын

So in your case You jump on Fan's only. Make that quick money till u find a good 100k job or more

@woodside4life 4 ай бұрын

Run to Daddy

@johnbranch17 4 ай бұрын

so... i m not a hater... but is funny how people take this kind of advice from a person who doesn t have a clue what being broke is... and is making money talking about "the possibility"... but congrats girl you hacked the system :)

@Asalmon879 4 ай бұрын

🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄🙄 Did she say something that wasn’t true? If you’re broke, step one find income. That goes for anyone whether you have money now and don’t tomorrow or never have had money. It’s very simple. you just wanna be mad at your own problems and take it out on other people just shut up.

@Asalmon879 4 ай бұрын

Starts comment off with not being a hater, but definitely is one

@johnbranch17 4 ай бұрын

@@Asalmon879 you can read my comment again... i don t need her advice... i just made a statement that s all but i m glad you are defending her...

@Asalmon879 4 ай бұрын

@@johnbranch17 you don’t need her advice, but here you are watching the video lol

@johnbranch17 4 ай бұрын

@@Asalmon879i watched her father... and was at recommened :)

@grandpastone 4 ай бұрын

Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $8,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson 🇺🇸🇺🇸🇺🇸..

@RachelGulden684 4 ай бұрын

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.

@melissastone434 4 ай бұрын

Thanks to my co-worker (Alex) who suggested Ms Chloe Linda Henderson.

@Susangreene889 4 ай бұрын

She's a licensed broker in the states 🇺🇸

@zackeryforeman 4 ай бұрын

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.

@joelsteveson7156 4 ай бұрын

May God bless Ms Chloe Linda Henderson services,she have changed thousands of lives globally.

@markhines192 4 ай бұрын

Find any job? Really Rachel, would you work at McDonald's if necessary to get income in? I doubt it.

@kartikprasad4359 4 ай бұрын

Sometimes one has no choice.

@jillanglemyer3168 4 ай бұрын

If your family needed to eat, yes.

@larrybarbee4916 4 ай бұрын

You don’t necessarily have to work at a fast food restaurant. You can work as a caregiver, maintenance worker, driver etc.

@LorettaNance 4 ай бұрын

To feed a family, absolutely!

@katyedwards3935 4 ай бұрын

I think it would be funny if she and the Ramsey team (including Dave) went undercover as workers at the lower paying positions like fast food, retail, etc and then take off their disguises to reveal their true identities and hand out some serious money to a random employee or give it to the manager so he/she could pass it along to someone or maybe keep it for themselves cuz they probably don't make a lot.