Quit Spending Like You’re in Congress! | July 11, 2024
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The Ramsey Show (July 11, 2024)
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Dave Ramsey & Jade Warshaw answer your questions and discuss:
- "Should we borrow money from my parents to buy a house?"
- "How should I use a $500k inheritance?"
- "We are buried in $240k in debt,"
- "What does it actually mean to be broke?"
- "How much should I help my son's girlfriend?
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@colleengarcia7752 19 күн бұрын
I had a $10,000 credit card balance. I had a garage sale and walked into the bank to make a payment with my proceeds. Instantly a manager joined to teller and invited me to take out a loan at a lower interest rate to pay it off. I said no thank you. The tried to “reason” with me and I said “That high interest rate is very motivating for me to pay this off quickly.” They thought I was crazy but that thing was paid within the year and I was broke. I sold things, got a second job and budgeted. Everyone thought I was crazy but I am almost fully debt free including my house. Under $15,000 to go on that. Cannot wait!!
@motoryzen 19 күн бұрын
Let me guess. Those are those who thought you were crazy are the same morons you watch drama queen TV often these idiotic reality TV shows like big brother and anything coherent to that Let me also guess they're saying morons or have much higher debt than you do and they think that debt is a pet. It really wouldn't surprise me😂
@Davefitz04 19 күн бұрын
Amazing! That’s a funny story too lol
@JoyceHutchinson-by5jx 19 күн бұрын
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@lisadanielleclark 18 күн бұрын
Congratulations
@ThatGuysGuitars 16 күн бұрын
Congratulations. Though, I’d think/hope any interest would be motivation to pay it off ASAP. Why not refinance at a lower rate when it’s available?
@ComfortB-u3t 19 күн бұрын
I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I have $100k that i like to invest in a non-retirement account, Where would you invest this as of now?
@brookelondon8029 19 күн бұрын
I have a non-retirement account and it's invested in the four types of mutual funds. What's nice about it is if I do decide to take a lmoney out for any reason, I would pay taxes only on the amount of mutual funds that they had to sell in order to get the money. It's better, In my opinion, than a high yield savings account because I've been averaging well over 10% for the last 10 years and sometimes more.
@BrigetteWaltershield 19 күн бұрын
I would avoid the index funds, mutual funds, or specific stocks for the time being. 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery.
@CamdenVanderlaan 19 күн бұрын
Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
@MeriTanabe 19 күн бұрын
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
@CamdenVanderlaan 19 күн бұрын
Angela Lynn Schilling has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.
@kylewtracy 20 күн бұрын
Sometimes I think the screeners put through calls that they know is going to get Dave all riled up
@3roachkidsdhe 20 күн бұрын
Ikr
@motoryzen 19 күн бұрын
Well there must be a reasonable level of just dumb or fun entertainment value in a show of any kind including this one at some point otherwise it would be extremely boring
@vmolina2002 19 күн бұрын
😂
@motoryzen 19 күн бұрын
@@vmolina2002 I'm just speaking towards the general brain-dead masses of humanity that think they have to be entertained to such an extreme level to call it good enough to be called entertainment even if entertainment must factor in by a factor of either 10% or more of the total amount of the product or service being given to them in this case the Ramsey Solutions Network is primary purpose is for education but there is a small amount of entertainment involved
@LordBass 19 күн бұрын
Apart from the rich uncle, the first half hour of this episode is that. All dumpster fires.
@GoldenOldies-007 20 күн бұрын
Don't buy house with parents. Period.
@JuanPerez-iu2cm 20 күн бұрын
Yes! It's a big NO
@brookelondon8029 19 күн бұрын
So many things could go wrong. He loses his job for a while or gets laid off and can't make the payment, the parents get divorced, one of the parents says you know we gave you all that money and now we need a loan, You went on vacation after being late on acpayment, the taxes went up as they always do and he's not making enough money, a big repair comes up and he can't afford it and they can't afford to give him any money towards it, the house appreciates in value and all his insurance costs go up What is sad is that he's going to do it.
@claybirdyshaw5737 16 күн бұрын
Sometimes this actually does work out. It worked perfectly for me and I am incredibly grateful for the opportunity my dad gave me. If it wasn't for him I would either still be renting or stressed with a mortgage I can barely afford. Now I am living in a house that I owe nothing on with my name on the deed. He bought the house in a repo auction for $48k in 2010 and put about $12k into it. I made payments on the $60k over 10 years. I am now 35 and own a home valued at roughly $250k. I think it all comes down to the relationship you have with them and nobody can judge that except you. Dave only gets the calls from people when deals like this are either just starting or have gone wrong. I don't want to be the person that pressures someone to do this type of deal, but I also would hate for them to miss out on an opportunity if it was given to them.
@vwilso3224 15 күн бұрын
@@claybirdyshaw5737thanks for your input! I was also in a similar situation more recently and while it’s only a year, I think it’s a good deal That I’m glad I made. Just about all of the negatives people mention can be mitigated. The conditions can be very fair to the child if everyone is realistic about it. Of course it’s not for every family.
@SGTamberpleasant 20 күн бұрын
"I hate when I get a half million dollars out of the blue." 😂😂 I wish I had an uncle like that!
@matteohenry33 15 күн бұрын
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
@ShirlPigram 15 күн бұрын
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
@mulattodavid 15 күн бұрын
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
@HettieClausenTl 15 күн бұрын
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
@mulattodavid 15 күн бұрын
My CFA ’Melissa Jean Talingdan’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
@HettieClausenTl 15 күн бұрын
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
@mavamQ 18 күн бұрын
I'm all for people keeping the money they earn. However the guy that has $7M in IRAs, and is now looking at $2M in taxes if he converts it all to Roth IRAs has not paid taxes on all the money he earned and then put into IRAs. He owes the taxes, it's pretty simple, he delayed paying taxes, so now it's time to pay them. I have my own problem when RMDs come, but I have been whittling down our tIRAs by Roth converting for the last 6 years and hope to have the funds pretty low by the time I have to pay RMDs. Ramsey kinda missed the tax that was never paid but was deferred.
@LawrenceBatarseh 20 күн бұрын
They gave him a slightly better interest rate at 6.5%? No parent should charge their child interest, let alone the same interest any other lender offers you. That’s shameful 💯
@3roachkidsdhe 20 күн бұрын
Ikr
@YouMissedBro 20 күн бұрын
Broke parents trying to sell what essentially is a $0 down FHA to their broke kid. Scummy as hell
@vwilso3224 20 күн бұрын
It can keep the interest in the family. I do agree that the interest rate should be a friends/family deal vs a current lender rate though.
@laurab5849 19 күн бұрын
When I heard him set up the deal I thought he was gonna say like 2.5% or no interest and he said 6.5% and I almost died
@kimberlymartin459 19 күн бұрын
If he came to the parents and asked... yes to the interest rate. If the parents offered it should be a reasonable rate. He will get the loan faster from parents than a lender. Parents don't have money to burn. You have to remember they saved that money for a rainy day...not to lend out and hope to be paid back. They don't want the house, they want their monthly payments. As long as they sitdown and go over the amortization payments... both parties should be fine. Plus calculate the annual property taxes and insurance
@melanieb2132 20 күн бұрын
1st call. What if you make improvements on the house with your money and then the house increases in value based on your bathroom and kitchen remodel?? This is a very stupid agreement
@vwilso3224 20 күн бұрын
Then the bathroom/kitchen remodel expenses would be split 75%/25%
@YouMissedBro 20 күн бұрын
@vwilso3224 totally assumed. They just said they would pay $100k/25% of the initial cost and want their 25% back when they sell. Nothing in writing about remodels. Even if they did pay 25% of upkeep and remodels, now you gotta fight your parents to redo your bathroom or fix the garage door.
@vwilso3224 20 күн бұрын
@@YouMissedBro it is assumed because I know someone doing this scenario. Contract for amortization schedule, and that any capital expenses are split by percentage (e.g., maint./ins./tax), refinance as an option at any time. They should expect to contribute to capital expenses for a real estate investment. If you wanted to remodel and they didn’t have the cash, you could take it out of the principal at the time, if you wanted to remodel and they didn’t want to at all, that would suck. I just think it could work as if everything is talked through. I don’t know if the first caller is being that thorough, unfortunately Dave didn’t let him go into too much detail before moving onto the next caller.
@melanieb2132 20 күн бұрын
@vwilso3224 but then you have to get your parents input on your home remodel? To Dave's point.. what if he gets married? Then we have the mother in law and daughter in law that have different tastes in tile! Oh the horror.
@melanieb2132 19 күн бұрын
@vwilso3224 also crappy. What if he gets married. Now he has his wife wife one budget in mind and his parents? And what if they want input on style. Oh my god, this is the absolute worst idea ever.
@eyebrow1 20 күн бұрын
Whenever Dave calls someone “honey “ it’s because they’re being a dumb butt.
@myoldvhstapes 20 күн бұрын
I have no idea why Dave uses the phrase "dumb butt." No euphemism is needed because the original wording refers to a donkey, not a set of buttocks. If anything, he should be saying, "dumb donkey."
@MONI-bj1ms 20 күн бұрын
@@myoldvhstapesdumb butt is more cool People will roll their eyes and stop taking to you No one likes grammar police
@myoldvhstapes 19 күн бұрын
@@MONI-bj1ms I'd rather he just said dumbass. It's much more practical.
@MONI-bj1ms 19 күн бұрын
@@myoldvhstapes definitely my preference but I get in trouble at work for it.
@itsallperfectlynormal9805 19 күн бұрын
Yep, bless his heart 😉
@jennymeyer982 19 күн бұрын
Love love love the solar panel piece - so many people are in debt and losing money over these ugly things
@tmusa2002 19 күн бұрын
That house deal with parents to save LESS THAN TWO PERCENT INTEREST? No way. What happens when rates go below 6.5% and it will be cheaper to use a real bank? This is not in his best interest. The parents are too interested in also making money on this. Use a bank for home loans.
@nydjrio 20 күн бұрын
I like watching Dave push that little button and mute the caller 😬
@isidorolopez265 19 күн бұрын
I. HEAR. THAT. Exactly what he does exactly.!!!! not cool at all man not cool. I understand he’s got his opinion. He’s an expert and some of the stuff, but be respectful of other people and simple out.
@motoryzen 19 күн бұрын
@@isidorolopez265it's not just a fact of that you have an opinion or a fact-based retort, it is the simple fact that he only has so much time throughout the show per caller and some callers like to run on and on and on like verbal diarrhea and never know when to shut up
@thetopgtube 19 күн бұрын
Haha & he listens for so long with polite mmhmms.
@mavamQ 18 күн бұрын
I hate it!, Often their is an argument that will refute what Dave says, but it cannot be made. Or a correctionas Dave didn't understand the question.
@pamsmith1665 17 күн бұрын
Colors?@@motoryzen
@PaulGrime-m5i 18 күн бұрын
Concerning the caller who had six or seven million mostly in IRAs and how to avoid a massive tax hit, I was hoping you would mention the third plank in your “live like no one else” mantra, namely, GIVE like no one else. Converting some to Roths now makes sense, but if he leaves some of it, he can start directing some of his RMDs to charities via QCDs. What a missed opportunity to blunt the pain of the tax hit by directing some of his God-given wealth to help others. P.S. If you need need some suggestions for worthy charities, let me know.
@user-vb6sq9ml7b 12 күн бұрын
This show has had a lot of abundance. It's been wonderful to hear. God is good. 🙏🏻
@Antistockclub 20 күн бұрын
You dont pay anything to get recalls done. It doesnt matter if your vehicle is under warranty or not.
@motoryzen 19 күн бұрын
Well I could not agree more that you're not supposed to by law. However there are some shady dealerships that try their damnedest to sneak that crap in on you or some portion of it on you making up whatever BS arbitrary connective excuse thinking a certain part that went wrong was involved in causing the warranty recall part to go wrong and therefore they try to place the blame on you with beat around the bush talk It is sad and almost pathetic these days how much intelligent QC the customer must be responsible for illustrating to prevent himself or herself from becoming a fraud or scam victim even against the dealerships
@masontull8388 19 күн бұрын
I'm sorry I must disagree with original poster, my sister has a GMC terrain it's a 2015 model and it has a known engine defect where the main seal tends to blow out and start leaking oil and the recall was only good on a vehicle that had less than 160,000 mi on it she was 4,000 miles over that amount so the recall did not pay for it, so no recall doesn't always guarantee it being fixed for free
@motoryzen 19 күн бұрын
@@masontull8388 possibly tying into and backing up your point, when was she issued the recall notice as in when did the dealership email or physically mail her the documentation showing there is a recall for that year make and model of GMC SUV? I've noticed a few manufacturers and or dealerships will drag their feet getting those recalls out an attempt to see if the end user the customer will notice the document date or should I say not notice it and then they're too late by the time they bring the vehicle in even if it's the same day or business day later
@masontull8388 19 күн бұрын
@@motoryzen that's a fair question we took it to the dealership as soon as we got notification about the recall... Well honestly within a few weeks of getting the notice about the recall,
@rushedinternet1505 20 күн бұрын
Lynn from Madison, WI: Do not cosign for your son's girlfriend! You'll have to pay if they break up (most likely) or when she stops paying. The girlfriend should not been living in your house in the first place. I think your son felt sorry for his girlfriend and trauma bond. Your son is in pilot school; he needs to focus, especially if you're paying for his school. And he doesn't need to date at this moment in his life. Once he becomes a pilot, hundreds of women(many with bad intentions) will try to grab his attention. He'll be alright. Your son must talk to his father, uncles, big brother, and pilots about dealing with women and life.
@Jetup24 20 күн бұрын
Tom says he makes 140 gross, dave asked him how much does he bring home a month. Tom says 11k. So you pay no taxes?
@cnwachuk3141 20 күн бұрын
Lol
@colleenduffy1139 19 күн бұрын
I noticed that too. I know someone who makes 100K more and that's their exact take home. Granted we're in Canada in a high tax province.
@jjkatz 19 күн бұрын
And he’s in California too
@laurab5849 19 күн бұрын
The thing is people don’t know their take home so when Dave throws out a # they always agree…
@brookelondon8029 19 күн бұрын
I might be the only one, but when someone doesn't know how much money they take home in a month my alarm bell goes off!
@hugomartinez4849 20 күн бұрын
LMAO 😂😂😂 1st caller "Sucks beyond belief "
@paronoja 20 күн бұрын
You have to sell so much stuff that kids think they are next🤣
@bettedavis9261 20 күн бұрын
36:06 the $600 upfront planning fee required by this particular smart vestor pro...Dave didn't think that was much, Jade thought differently.😂😂
@theclothingcottage 19 күн бұрын
I don't think the explanation of being broke was great. I know a lot of people with money who use cc for example and who share their vacations on FB. I get the point, but it's actually hard to tell who has cash without really knowing them.
@marypladsen5231 18 күн бұрын
Please keep in mind that the money put in DEFERRED tax accounts were DEFERRING tax at the time they put the money into the DEFERRED accounts. One of the rules of taxation is that money is taxed once - now or in the future. Am I wrong?
@RozeeBeez 19 күн бұрын
The guy with the car that had a bad engine. It happened to me, too. I paid cash for a KIA Sorento last year, had it only eleven months, and it used oil like mad. A quart every 1000 miles! I was out of the warranty because I was the second owner, and the dealership kept saying to wait until it seized up. They would never tell me what would happen if it did. Just kept saying "you're doing everything right". I sold it a few months ago at a significant loss (engine replacement would have cost more) and will never buy a KIA/Hyundai again. I bought a Subaru and love it!
@crystalcurrie90 18 күн бұрын
Great deal to sale, but if you would have let it seize up, they would replace it for free. Please pass this information on to the person you sold it too
@RozeeBeez 18 күн бұрын
@@crystalcurrie90 They wouldn't tell me if they would replace it or not. I couldn't get a clear answer from them. Plus, the replacement engines are just as bad as the old ones. It had just over 70,000 miles on it and replacement engine will only get that much. (a mechanic told me this) I traded it in at a dealership.
@coya8coy175 18 күн бұрын
Huh. All the books I’ve been reading, and what actual certified finance experts have said: my understanding is that you want to meet with someone who will charge you a one time fee, period. Manage your own money; you can get low percentage EFTs for as low as 0.05% (or even free at some places). Be careful out there y’all. Those percentage based management of accounts can add up.
@debbiejones953 15 күн бұрын
Agreed! Passively managed indexed EFTs cost WAY less and tend to do better than actively managed Mutual Funds. I’m sure the ELPs love that Dave recommends AUM model of investing though.
@eightiesaddictone9063 18 күн бұрын
Dave was sure justifying that $600.00 😆 🤣 😂 😹.
@GoldenOldies-007 20 күн бұрын
caller calls in- says they have a $40+ Helic they used to pay off credit cards. Then state the now have said Heloc AND $40k of credit card debt - and Dave doesn't go off... Is Dave sedated? - lol. Then Dave wants to give him all this free help. I didn't hear one bit of remorse, of scared emotions, or any enthusiasm from this caller which makes me think this man and his wife are gonna do ANYTHING Dave recommended. What a waste!
@ralphrepato 20 күн бұрын
💯!!! Thinking this lol
@miryamishot 15 күн бұрын
I swear this is the best Ramsey show
@alexhill1871 20 күн бұрын
I love how Jade says that if the person brings out a credit card to pay for dinner they are irresponsible and to be wary of them. This shows aversion to credit cards just because is mystifying. Not everyone can handle them and is a reason that people get into debt, but assuming that someone with a credit card can’t be trusted is ludicrous.
@YouMissedBro 20 күн бұрын
It's pretty hyperbolic
@bettedavis9261 20 күн бұрын
And how do you know if it's a CC or a DC? They look exactly the same. Unless, of course, Jade is assuming that because it's plastic, it must be a CC 🤷🏼♀️
@jjkatz 19 күн бұрын
I never listen to anything Jade says
@bettedavis9261 19 күн бұрын
@@jjkatz 😂😂
@brookelondon8029 19 күн бұрын
I think she's good at answering questions, but what I find unbelievably annoying is her chiming in with a little word here and there which is so distracting to the caller listening to what Dave is saying.
@CharlotteCarMoments 20 күн бұрын
Ryan, don’t do it!!!
@jennymeyer982 19 күн бұрын
“Don’t do this to your kids”
@alleykeosheyan4779 20 күн бұрын
1:28:34 - this girl was "forced to be dependent?" No, she CHOSE to be dependent, and will continue CHOOSING to be dependent, if not on your son, then someone else's son. What happened to her was tragic, but no excuse for failing. Make her pay rent. If not, kick her out, make her grow up, and keep your son focused on his goal, not her and her problems.
@bettedavis9261 19 күн бұрын
And what happens if/when she winds up pregnant living under their roof? That's a whole other layer of "oh, sh*t."
@alleykeosheyan4779 19 күн бұрын
@@bettedavis9261 Yup - hope the son's using condoms!
@pamsmith1665 16 күн бұрын
@bettedavis9261 tell your son bout condoms, so nobody "winds" up pregnant
@bettedavis9261 16 күн бұрын
@@pamsmith1665 don't worry, I have, but I wasn't the caller. It's great advice for the caller's son, as well.❤️❤️
@pamsmith1665 16 күн бұрын
I didn't mean your situation . I was saying what she needed to do@@bettedavis9261
@BoltActionBob 20 күн бұрын
Uncle Dave here to help ya out! Pay attention if you can cash flow it
@mmp495 15 күн бұрын
"You don't walk around with a flask in your back pocket if you're trying to quit drinking." 😂 Dave you need to put together a book of Davism Quotes! I'll be the first to buy it!
@beynzpeyro 20 күн бұрын
Mike from Chicago: your mother-in-law already moved out of your home and not living with you, as long as she currently is not bothering or asking you for money, gotta leave her alone. Just saying. Do not make it complicated
@notgivingmyemail3381 19 күн бұрын
She has already announced her intention of asking for money if she needs it. It’s already complicated.
@LordBass 19 күн бұрын
"I dunno, it's a '21 Kia Sorento" Jade: "Uckkhh" 🤣
@matthewmarston5149 15 күн бұрын
I got recommend for a Gold Seal Trident and Medal of Honor, today. Uncle David USMC E8 CID 😊
@josephhood1591 20 күн бұрын
Could have given the first caller some reasons, didn't even let him talk. I agree with Dave, and that he does get alot of calls with family financial issues, but why would someone call for advice if everything was working out?
@vwilso3224 20 күн бұрын
Exactly, I would like to hear the most common reasons. I actually know someone doing this. If the parents are comfortable financially and well trusted, and there are contracts in place that are fair, is it really that crazy.
@Kevin.Grindel 19 күн бұрын
@@vwilso3224the big issue was the partial payment they made for a chunk of the profit at sale. That is where it got really complicated
@GApeech08 19 күн бұрын
Mom calling about her son's girlfriend: Mom should NOT set girlfriend up!!!! First argument, son will move into apartment with said girlfriend. Baby will come shortly after. Mark my words!!!!
@LordBass 19 күн бұрын
Don't pay someone 1% AUM for their investment "advice". You work decades to get a $1M retirement balance through steady investing, are you getting $10k/yr value out of that planner? Most don't need that.
@chriskatranis3755 20 күн бұрын
What if you are in Congress? Is it okay to spend like you are in Congress?
@dianem4188 20 күн бұрын
LOL
@ThatGuysGuitars 16 күн бұрын
With respect to Dave. His (no aunt sally, you need 150-200 transactions a year) What realtor is processing. 3-4 home sales a week, throughout an entire year?
@bettedavis9261 19 күн бұрын
1:23:12 yes, you have to liquidate inherited IRAs within ten years. At least that's what our CFP told us yesterday. We're also initiating converting funds from IRAs to our Roths. Yes, we have to pay taxes on that, but we have that covered and fourteen years in which to do it, thank goodness.
@prenticejohnson111 20 күн бұрын
This guy be calling grown men honey 😅
@nydjrio 20 күн бұрын
So weird
@myoldvhstapes 19 күн бұрын
As a woman, I approve! Now the men get to experience how we feel when called all of those cutesy toddler words.
@brookelondon8029 19 күн бұрын
I saw a comedian one time that said when a salesperson keeps calling you ma'am, substitute the word bitch because that's what she's saying. So could Dave really be saying, you jerk?
@MONI-bj1ms 19 күн бұрын
@@brookelondon8029 the southern politeness of bless your heart Both are so misunderstood up north
@ashleyschroeder888 18 күн бұрын
@@myoldvhstapesexactly. Lololol
@fkillah 20 күн бұрын
Ryans own parents are messed up
@njvalueinvestor 19 күн бұрын
Millionaire Next-door is an amazing book. I imagine it played a big part in Dave's second act.
@matthewmarston5149 15 күн бұрын
Auntie Karen❤ Hell Yeah! About time 😂😂
@ellea2541 18 күн бұрын
I love when Dave was laughing at the suggestion of there being a "hack" and Jade was laughing at the way Dave was laughing. 😂 It was very much an uncle and niece kind of shared moment and made me smile!
@richardrockie5475 20 күн бұрын
I just paid cash for a brand new home for 625k. I have 12k in checking, 10 in a low interest money market. 30k in CD’s at 5% another 30k in a Edward Jones account at 5% money Market and 620k invested with Edward Jones at a 65/35 risk factor stocks, bond and so forth. Am I doing ok or do you have advice. By the way, I may decide to file for social Security at 64 for $2300 a month. No other current income.
@striperkid 19 күн бұрын
You can cover your bills and are debt free? If so, you're fine.
@lioness2094 19 күн бұрын
Is it better to vote for morals or money?
@notgivingmyemail3381 19 күн бұрын
Those aren’t mutually exclusive.
@gilbertovasquez7885 14 күн бұрын
Hey my dear Uncle Dave! :) U Da King man! in my next life I want to be just like you I swear! I know I got thrown out of church for swearing :) LOL Thanks for all you all do. Gil "your Salvadoran Disciple"
@hunterlemay6340 19 күн бұрын
I’m assuming you guys know but there has been issues with the apple podcast version of the shows, a handful of the recent ones you can’t listen too
@marathoneyes 9 күн бұрын
@50min, Certain Hyundai's qualify for the Oil Consumption Test, but you have to ask for it. I noticed my 2017 Santa Fe was eating oil like crazy so I mentioned it to the dealership, they did the test, and after some time, they replaced the engine, but I had to pay 10% of the bill. I paid $500. Did they do $5,000 worth of work, NO! Give me a break. Us consumers pay for it. Very disappointed! The mileage isn't a detourant. They have to fix it with a price of course.
@abbiewitt9924 12 күн бұрын
Finally someone from Charleston wv!
@lioness2094 19 күн бұрын
The government needs the taxes for the military and other services.
@amireallythatgrumpy6508 19 күн бұрын
Only a small proportion of tax money is used on services though. Less than 10%.
@amandaowens7568 16 күн бұрын
1st call: great insight from Jade regarding the 2 reasons why boith son and parents can be considered as using this deal for wrong motives. I appreciate Dave's example that the son's future wife won't want to buy out the 25% from parents. Id like to have heard another example from Dad on how this type of deal could turn out badly.
@rolandacrawley7257 20 күн бұрын
Sesame Street!!! Timeless…. I remember Gordon on Sesame Street! Wonderful memories of learning. The show made learning fun 🤩 Great haul! Love the Bibles
@typennix4037 18 күн бұрын
To the guy with the sonata. You need to ask the dealer to start a PA for the oil combustion chamber cleaning, which they will cover under warranty for you regardless of your mileage. Your engine has 15 yr 150k unlimited miles warranty extension on the engine replacement. Your dealer isn't helping you, and that's disturbing me. Good luck, my friend!!
@beckygeer6480 19 күн бұрын
Sometimes the hosts rattle off the baby steps too fast and new listeners don't catch everything.
@brookelondon8029 19 күн бұрын
they now have a site on their website that explains all of those terms that they use. It was a long time coming I think it was a good idea. The first time I heard him talk about the four types of mutual funds I was lost and now I can recite them lol.
@mavamQ 18 күн бұрын
They aren't exactly a secret. Google is your friend.
@user-vu6hf4jr6z 19 күн бұрын
great show!!
@TheRbnmeza 16 күн бұрын
Seriously I would like to know who is the person that chooses the transition music. They have great taste.
@matthewmarston5149 15 күн бұрын
I get a real paycheck from all 5 DOD branches ❤
@wandajuul5150 20 күн бұрын
If you grew your wealth by funding a traditional IRA with pre-tax money--then yeah, you gotta pay the tax you got a break on earlier. Stop bellyaching about the damn government being tough on rich people. You got the tax break earlier--you probably weren't complaining then.
@michaelgeraghty953 20 күн бұрын
I agree, they're literally complaining about paying taxes. They are not being punished, they just have to pay taxes on earned income and interest earned on that money.
@bettedavis9261 19 күн бұрын
@@michaelgeraghty953absolutely! We're starting to convert funds from our IRAs to our Roths, paying the taxes with cash savings. We have 14 years to do it. We're not bellyaching about paying the taxes. It's not fun, but we'd rather pay them now than when the accounts have doubled twice. Also, trying to be a blessing to our sons who will inherit, so they don't have RMDs.
@notgivingmyemail3381 19 күн бұрын
You guys don’t think the government is tough on rich people come tax time? If you don’t think the rich have anything to complain about you probably aren’t part of the top 1% of tax payers that pay 45.8% of the total taxes collected. That’s right, one percent of taxpayers pay for almost half the costs to run the country (edit: not exactly since they spend more than they bring in). I’m not in the top 1%, but I do think they pay a disproportionate share. Other numbers: -The top 10% pay 75.8% -The bottom 50% pay 2.3%
@michaelgeraghty953 19 күн бұрын
@@bettedavis9261 that will truly be a blessing to them. Converting to Roth early is definitely the way to go to be able to fill up lower tax brackets.
@matthewrickyrad 8 күн бұрын
that guy sounded so happy that his mom died and he inherited her car 💀 gosh
@jasonski1540 20 күн бұрын
Is the every dollar app worth to pay for?
@ses-ei7oc 19 күн бұрын
Do the free version.
@AimeePoppinBabies 20 күн бұрын
Why is he not married… bro u been with her for 10+ years. Have kids with her… that’s just disrespectful.
@YouMissedBro 20 күн бұрын
Weak men. Won't wife her up or dump her if she's not what he wants to commit to
@notgivingmyemail3381 19 күн бұрын
Why is who not married?
@myoldvhstapes 19 күн бұрын
I think he was saying that the length of time they've been together is longer than the time they've been married. As in 'together' for 13 years, married for 9. That sort of thing.
@ushouldknowme22 17 күн бұрын
I think they could've gave that first caller more reasons why not to do that deal.
@crystalcurrie90 18 күн бұрын
To the guy driving the 2018 Hyundai Sonata....keep driving that car. There is no mileage limit on those engines. I just had my 2015 engine replaced with 123,000 miles. They will not tell you this, you have to know it. You can get the engine replaced for free.
@eightiesaddictone9063 19 күн бұрын
Parents grow up and just GIVE the money to your kids. Don't try to make a profit off them.
@pamsmith1665 16 күн бұрын
How about parents KEEP their money, having taught their kids to be responsible and standing on their two feet! What a concept!
@eightiesaddictone9063 16 күн бұрын
@pamsmith1665 Sounds good, too. I made it on my own and didn't let my parents hold money over my head like a carrot.
@debbiejones953 15 күн бұрын
I’m a little baffled about the distress over paying taxes from the caller who had millions in a tax-deferred retirement account. He got the tax benefit on his income when he invested the money, that’s the trade-off. You don’t get a tax benefit twice, why be greedy?
@tarantveena5924 19 күн бұрын
31:32 you're going to be going cray cray, man. 🤣🤣 Jade is giving Dave way too much.
@MrMustangrick 20 күн бұрын
Dad gum honey. Gotta love Dave.
@jjkatz 19 күн бұрын
Not all people with nice cars have car payments. I have an Audi with no car payment.
@kimberlymartin459 19 күн бұрын
I'm just stump why people are more concerned about what people have. My Benz is paid for and my home... but my neighbors still trying to figure out how I got all this... 1. It's really none of your business 2. Really, it's none of your business!!! Worry about yourself 😂😂
@mattlaeff724 12 күн бұрын
People, I think you got your answer on these 'Smart Investor pros.' Do not use them -- ever. Also, do you see Jade's face when Dave talks Politics and loving the Right?
@russell1799 19 күн бұрын
I got the poo on mee😂
@MsValiG 10 күн бұрын
We should vote for flat tax rate, period, no exception for the rich and no ss for the poor chosing to be poorwhen are jobs outthere
@mbmhill4708 20 күн бұрын
Inherited Roth IRA is required to be liquidated as well?
@notgivingmyemail3381 19 күн бұрын
Yes, unless the recipient is one of the following: -Surviving spouse -Minor child -Disabled or chronically ill -Not more than 10 years younger than the deceased
@mbmhill4708 19 күн бұрын
@@bettedavis9261 I just read it and it says yes
@toniloftin6914 19 күн бұрын
I'm required to take a RMD from the Roth IRA I inherited, but I don't have to pay taxes on the money
@bettedavis9261 19 күн бұрын
@@mbmhill4708 thank you for correcting me. You're required to liquidate an inherited Roth IRA within ten years, there just are no taxes owed. I'll delete my previous, incorrect comment.
@isidorolopez265 18 күн бұрын
My first question And I’m not 100% I may be right then again I may be wrong. Didn’t Dave say all his LELPELP are free.??? can someone please help me with this thank you all
@Cheeseburge40718 19 күн бұрын
I think it’s so funny how Dave consistently mispronounces Jade’s last name and no one corrects him on it 😂😂
@ses-ei7oc 19 күн бұрын
Jade Wassshhaa
@carlospeed8210 20 күн бұрын
24:24 I’m in disbelief that a 151k income household chose a Nissan Altima as the wife’s car
@bettedavis9261 20 күн бұрын
What should they have chosen?
@YouMissedBro 20 күн бұрын
What's wrong with an altima? Sounds like you don't understand money if you think anyone making 6 figures automatically has to buy Audi, Cadillac, Buick...
@notgivingmyemail3381 19 күн бұрын
It’s quite believable. My household income is more than that and my wife drives a Prius.
@ashleyschroeder888 18 күн бұрын
@@YouMissedBro😅right???!!!!!
@pilkers745 19 күн бұрын
how is it complex? pretty simple
@kameesha1807 20 күн бұрын
What is He lock?
@bettedavis9261 20 күн бұрын
HELOC Home Equity Line Of Credit. Basically, a second mortgage.
@kameesha1807 19 күн бұрын
@@bettedavis9261😱 That's horrible.Thank you for explaining
@bettedavis9261 19 күн бұрын
@@kameesha1807 you're welcome.
@brookelondon8029 19 күн бұрын
I'm so glad you're not going to get one! You put your house at risk. And in many cases people get one to pay off credit cards. You lose your job, good you could lose your house eventually.
@destineybouldin7108 20 күн бұрын
Am I the ONLY one who sees that he’s actually LOSING about 24.9 percent of his money and his equity? Example there trying to give him a .5 interest rate break and he will have the pay everything else as usual in the loan as if it were a conventional and THEN he has to give his parents 25% he’s literally going to be just pretty much giving away 25 percent of his money his home and his equity? How did Dave not see that and point that out,am I missing something?
@amireallythatgrumpy6508 20 күн бұрын
I love it when people emphasise words they can't spell.
@vwilso3224 20 күн бұрын
It depends how they set it up, they could be splitting all maintenance/ins/taxes
@kimpaugh4495 19 күн бұрын
I think the caller said he would have to give his parents their initial $1,000 deposit/investment, plus 25% of the equity.
@deshawn1801 20 күн бұрын
Dave got some gen Zers working for him now?
@Ethan-by3mk 16 күн бұрын
13:32
@eightiesaddictone9063 17 күн бұрын
As if the only concern when voting is IRAs and millionaires...😂.
@svetlanadreher7190 19 күн бұрын
Two best hosts!!!!
@abdallahhany2908 20 күн бұрын
Fifth coment from Egypt
@danarevels2876 19 күн бұрын
I hate that Dave is more and more using profane words. And, he seems less patient than normal and cuts the callers off before he could get his point out. This seems to happen the more I listen. I enjoying listening and hope he pulls back a bit.
@njvalueinvestor 19 күн бұрын
As guys get older, we get excited a little easier, and bluer language is more common. Second, Gut to Guy will be a bit more, blunt and direct. John from Mo was leading his family with systematic recurring expense weaknesses, and financial decision failures. Big mess. John took it well. For John and his family they need financial help.
@user-ks5bw6po9r 19 күн бұрын
And taking the Lord's name in vain. He should be a better example.
@laurab5849 19 күн бұрын
@@user-ks5bw6po9ragree. He’s surprised me lately saying “bitch”, piss, idiot (not new) but taking the Lord’s name in vain is something I’ve always been taught NEVER to do.
@myoldvhstapes 19 күн бұрын
@@laurab5849 He uses the B word in the verb form, a substitute for the word complain. That's not a swear. If he was calling women female dogs, THAT would be outrageous. The euphemism "pee" simply comes from the first letter of the word piss, which was never rude until modern times. It was the common word for urine.
@laurab5849 19 күн бұрын
@@myoldvhstapes I do mostly agree with you but if I wasn’t a believer and I hear Dave on the radio protesting his faith in the Lord and I heard some of the things he said I would be a little confused and so we do have to be careful the words we say esp in the public light.
@GoldenOldies-007 20 күн бұрын
FFS, how can this intelligent woman not know she and her son are being scammed? Nothing like giving sex in exchange for room, board, and random free stuff...
@YouMissedBro 20 күн бұрын
Clearly not intelligent
@jjkatz 19 күн бұрын
They are definitely being taken advantage of
@mavamQ 18 күн бұрын
Her son is not being scammed he is getting the pleasure benefit and his parents are paying the bill. Win/win for son and girlfriend.
@johnparker4484 20 күн бұрын
Sorry Dave can’t go cruising during Lent 😂
@seang3538 19 күн бұрын
I really didn't appreciate the lack of respect with that laugh (Jade) on examples defining being broke. It was so disrespectful with that attitude Jade has.
@JuanPerez-iu2cm 20 күн бұрын
Second comment!
@TheBlacksmithChannel 19 күн бұрын
Jade 🤑😋🤑😋
@kimberlymartin459 19 күн бұрын
Why is Jade driving through a neighborhood calculating someone's car payment?? It's funny how Dave's slogan.... live like no one else, so you can live like no one else.... Then when they do.... he calls them broke!!
@edwardhale2412 19 күн бұрын
(BS7) another show without a debt free testimony and scream.
@Arnold001-1 20 күн бұрын
You guys are definitely “charging like nobody else” for that cruise $2k for a cabin…..RIP OFF Same cruise 2 weeks prior for the same # of days on the same ship is less than half the price
@amireallythatgrumpy6508 20 күн бұрын
They're charging for the events and seminars that will be held aboard too...
@Arnold001-1 20 күн бұрын
@@amireallythatgrumpy6508 cruises already provide entertainment and that’s calculated in the price. Cruises have cirque de soleil shows, comedy, etc. bringing personalities on board to speak and charging a premium is ridiculous and a rip off. Plenty of cruises have tons of entertainment that trump a Ramsey personality speaking session.
@seang3538 19 күн бұрын
You can't afford it so why are you so butt hurt?
@Arnold001-1 19 күн бұрын
@@seang3538 can easily afford it lol. Baby step 6 🤝
@amireallythatgrumpy6508 19 күн бұрын
@@Arnold001-1 Plenty of cruises have TERRIBLE entertainment. Most have no entertainment AT ALL.
@carolpaino 19 күн бұрын
Mr. Dave Ramsey, love your advice, don’t love it when you interrupt Jade so often. Sir, that’s a little bit rude.
@beckygeer6480 19 күн бұрын
He does that to everyone, cohosts and callers.
@brookelondon8029 19 күн бұрын
she interrupts him constantly with her little comments and yeses and that's right and it's so distracting!
@alwindew1723 19 күн бұрын
Sell the bitcoin. Remind me in 5 years
@JJ-yi2qo 20 күн бұрын
Dave,I am not shame off not Voting for a criminal so can save More tax money.
@bethanyf2616 20 күн бұрын
You must be related to Biden. Look at your sentence structure.
@YouMissedBro 20 күн бұрын
Can't even type proper English, of course you're gonna vote for Biden 😂 🤡
@notgivingmyemail3381 19 күн бұрын
Are you inferring that Biden isn’t a criminal?
@colleenduffy1139 19 күн бұрын
Yep. Plus we've had taxes under every leader, in every country ever. This income has never been taxed and allowed to grow taxes free, allowing his wealth to balloon. Taking the tax hit all at once will leave him with less money to compound interest on and less $ overall. Dave makes it sound like this guy will be taxed twice and doing his usual whining.
@jennymeyer982 19 күн бұрын
What?