😂😂

My doctor told me, "I would rather see you obese than anorexic." You are further from death at 200 pounds than 95 pounds.

@@aolvaar8792 200 is not the type of obesity most people are talking about. 350+ is definitely just as bad

@@aolvaar8792 but he didn’t tell you being obese was healthy

Obesity has nothing to do with health. The same weight can be healthy for someone else. Nice try on the false equivalent. Debt id reallity. Itz not healthy or unhealthy its just debt. This show has been amazing at convincing people they are the problem vs politicians who have screwed over middle class. We need politicians who will save the middle class. So ill wait for the govt to help me. Itll be faster than working 10 jobs.

And then saying that the healthy debt is a car payment If it was that condo he was renting out, I could see the argument, but a car loan, seriously???

Isn’t a mortgage healthy debt?

@@Haynav Dave doesn’t think so 🤭

@@rangequeen I dont think Dave thinks mortgages are healthy or unhealthy debt. I think he's realistic on that and knows houses cost 150-300k or something and not everyone can just go pay cash for that. From what I've gathered, he believes if you should have any debt at all, it better be on your house.

@@tonyxtrotter yes BUT he still wants it paid off ASAP

Great work! Happy for you!

Congratulations! That's awesome. How long did it take to get down to 3k?

Great work on stepping up and being accountable!!

@@shes_setapart well I had already been saving money prior just was just paying the minimum. I was always deferring it and waiting on Biden to come and save me. So I just dipped into my savings and paid it off in a several rounds.

Congratulations! You are almost there! Final lap!

Yeah, making $100k a year, he should be saving bank. If I didn't save at least $20k a year from that, I would be crying.

Wonder what his fiancée is contributing. Bet he ears all responsibility while she plays.

@@cabayern9416 I’m hoping she will stay at home and raise children. We need more to do this.

At 100k salary, he must be getting only around 6k in hand each month post tax so not much room for savings

Listening back to this a 2nd time, I am overly astounded. Selling everything to buy a home and get married can work, but it’s statistically worse than a coin toss these days. I would rethink that philosophy and have solid assurances in place. I’m sure there are other layers of information that may guide this conversation quite differently.

Trying to get my family to do that seems impossible 😂, They're wealthy enough but they always finance everything and have had payments their whole life, I'd hate to calculate how much money they've wasted

The funny part is that people know that, call in anyway, and still struggle with the concept

Just like "just lose the weight" meanwhile majority of the population is overweight.

Sell the car. Beans and Rice

Most would never have anything then lol

Agree, but I do think some of his facial expressions say he was boiling inside..."healthy debt"...really!! 🤔

Lol😂 im trying to get through the short version of the video.

Batting practice for DR

Don’t be a holier than thou ass and look at the bigger picture. These videos help tons of new people get started on their journey that may not be as “experienced” as you.

He might not be wrong but you got to account for how much time and brainpower was spent on managing it all. And as Dave said the car is going to drop in value, and by the time you have 'made' 5000$ which is 5 years that car is worth half of what he loaned. In the end you might even end up both earning and losing 5k doing this for 5 years and end up with nothing.

@@georgeide2337 Eh, these types of calculations are not difficult. It is, most of the time, a set-it-and-forget-it set of decisions, as most of these debts/assets are fixed interest calculations. Obviously if you are living on the edge without any margin, there is potentially a lot of anxiety tied up in the debt. If that is the case, then the right move is to pay off the debt ASAP.

He is wrong. It's far less than $1,000. Dave was being generous with the numbers.

You altering your family tree! Keep up the good work! My family and I are debt free too!

Great work

Also debt+mortage free since 2021. Life is good. Would never go back!

Also debt and mortgage free since 2019 and my husband and I bought an investment property this year, have a great tenant ❤

DADFART! MOMFART! DOGFART! HUGE KOK! OUTLINE OF KOK SEEN THROUGH BASEBALL PANTS!

Mortgage is not a healthy debt?

Exactly what I said

I’d sell it and see if you can pay off his fiancé’s condo and then rent it out, but that’s me

I would do that too. Sell the car, get a cheaper one.

I would sell the beans & rice

lol@@roundhousedyourmom

No. He's leveraged hard and is well below the median income for the area.

Anyone paying 30k for a car is ridiculous, unless it's like a bigger car needed as a family car, that's it. A regular car shouldn't even be more then $15k.

@@NiceOCGuy1981 not sure where you’re gonna find a quality used car for only $15k in this economy.

It hurts when my savings is drained of $2k to pay insurance so I know it will hurt like hell to see it drained of $20k 😢

​@@NiceOCGuy1981it would be if it's used....which is what most people should be buying anyway

​@rrrealitycheck 15k for a quality used car is 100% no problem bro. Hop on car gurus! I can find you one with a factory warranty still

He didn't call the caller laughable, he said the caller's good debt comment is laughable

U kill him?

why has the insurance company not paid the death benefit after 2 years?

Some people arent so lucky to fall ass backwards into money like that

🙏🏾🙏🏾🙏🏾🙏🏾🙏🏾

As opposed to keeping $36,000 around at 2% on a depreciating liability just to borrow more money to buy a liability at 8%. Yeah, that's real brilliance...

Dave's had lots of practice

Or a bad neighborhood in a crappy town like Lawrence or Lynn etc. but even that seams cheap.

You're probably a lot older and had more time to build it I would assume?

No , added most since went on S.S. just save 10 % or more

You literally grew up and worked during the most prosperous time in American history where plenty of your peers were able to buy a home and raise a family on a single salary blue collar job. Instead of that misplaced arrogance for something completely attributed to luck, you should instead be extremely grateful & keep your mouth shut when judging people that didn’t have the same privilege. No shit you’re able to have more saved than him, you’re literally twice as old.

There are plenty of places with condos or homes for that price. Do you know where he lives?

The numbers line up if he bought the condo in around 2009-2013. Given his age and life situation I imagine that's what happened.

In 2020 Daytona Beach FL, you could buy a condo near the water for $30,000-80,000. Now they are 300,000 and up.

Suspicious, as on Dave's bullshit 10% to 12% in "good mutual funds" year after year. That's suspicious.

He probably doesn’t live in Boston- when they screen the calls to the show, they assign your location to the nearest major metro area.

Wrote a $52k in April on my wife’s car. But we have the cash and that cash is only 20% of our liquid, so it is ok to spend money when you are spending way below your means.

On his salary, he can afford it.

Because he has the money...

He doesn’t have the total $36k to pay it off NOW though, that means he can’t afford it IMO. If i can’t afford a item triple its price, I can’t afford it.

@@jml9550he does have 36k thought. That’s the point. He’d rather let the money sit cause he was making a higher Apr there he was losing on the car loan.

The example given here is not healthy debt. A rental property would be healthy debt. I own a rental house with a $73k balance on the loan, $900/month mortgage. I rent the house for $1500/month which is a $600 positive cash flow from the property. That is healthy debt. What this guy is doing is not healthy debt.

idk, I'd take a few weeks of Doordash money each year for free. It's a $1,000 bonus each year! I have a rental house too - $180k balance, mortgage is $1,400/month, and it rents for $2,400/month. A mortgage is a way to make a good return on more money than you might even have in your bank account.

i just put some savings into a CDs that's like 5%. I'm so smart. until I realize it's only making a few hundred dollars

He isn’t even 100% against debt. He had a call recently about someone financing a business purchase. It just had to be valued correctly and the note structured fairly. It’s the personal debt. Heck he open says mortgage for a home. Let’s be real. He’s talking about people borrowing money to buy wants.

@@Force5_Eye_Dev But Dave is 100% against getting something like a rental property unless you are paying cash for it which is nearly impossible for most people. Debt can be leveraged to add a great return on money you don’t have, you just have to be smart and not go overboard with it while keeping a slush fund for what ifs.

Congrats to bake a cake and pat your self on the back

Invest when market is down? You invest in index funds and roth ira and 401K and leave it alone

Imagine if this guy was driving a paid off beater instead of throwing off $750 every month on car payments.

If you have a renter they can deduct that mortgage payment from your debt to income ratio.

Unless you buy a trash house you should be okay.

While I don't consider myself an expert in this field, I'm sure you will find the expertise and support of an adviser invaluable.

I have $50,000 USD that I'm considering investing in the stock market. However, I must admit that I lack the knowledge and expertise in this area. does anyone have experience in this field, and I was wondering if you could kindly point me in the direction of your advisor or someone you trust for guidance in making informed investment decisions. Any help or recommendations you could provide would be greatly appreciated. Thank you in advance for your assistance.

You may Know Michelle Christine Parker but If you don't you may do some looking up and thank me later. She's been my adviser for the most part and it's been a smooth ride

Thanks a lot. I just googled her up.

These strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off

In both end of the spectrum, I was investing on my own for about 3years, did my own study and analysis before actually buying, things became rather difficult after the pandemic which was right about when I reached out to a portfolio-advisor for guidance, It’s been over 2 years and I’ve scaled up a stagnant reserve of $280K to $700k in just about 24months.

@@bleshjjdnit that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.

My advisor is Monica Amanda McClure You can easily look her up, she has years of financial market experience.

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

lol

0 is less than 1.99

Not sure what your point is but Dave's theory is that the biggest challenge in getting out of debt is not math - it's psychological/emotional @@andreathompson-bg4hl

It's less than $1000.

without a vehicle, there is no showing to work, unless you hitch a ride somewhere. no show, no employment, no $100k. it's healthy, because he can get to his job with it.

​@@commonsense-og1gzI'd consider 5k to be "healthier" if this is your definition of healthy, but you do you

​​@@commonsense-og1gzwho the hell needs a 36k car though, he can get one for a third of the price with cash and it does the same thing😂

My $35K car is at 0%, Smart people tell me to take $35K out of my 11% earning accounts. and pay it off. ~$4000/yr lost for what? There is no interest.

@@eddie3500 Re-buying cars? I bought a 1972 Chevy truck NEW, still drive it. Buy what you want and never buy again.

Worse, it’s like someone drinking blueberry Mountain Dew thinking “it tastes like blueberry so it must be better for you”…

@@meangreen320 doctor said I need to go on a diet and consume more fruit so I decided to drink blueberry diet MTN dew 😜

Bingo

I say don't buy a second home keep living frugal continue stock that money cause obviously it's working and even his car with a 1.9 interest in unreal car probably value more than what he buy it for based on that interest rate...

It’s not an asset bc he doesn’t own it. It’s a liability.

That's literally nothing in Boston. Especially for 2 people.

I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market I'm grateful to Mrs Liam🙏

It's a miracle and I would testify, 110k bucks. every 4 weeks! I now have a big mansion and can now afford anything and also support God's work and the church.

Quite encourage seeing Mrs Liam Lucy Mary been talked about here, I started off with 2000 Bucks...now with good returns . highly recommended..

I have made more than 90K USD God bless Lucy Mary Liam God bless United Kingdom 🇬🇧

Thanks for continuing updates I'd rather trade the stock market as it's more profitable. I make an average of $34,500 per week even though I barely trade myself

Don't thank God, thank the taxpayers like myself that now get the privilege of paying off your moronic student loan for you. Seems like you could have easily paid it yourself instead of making the rest of us do it for you.

speak for yourself

Those of us that know, know. $1,000 return over a remaining 60-month loan, that's $5000. Didn't require any brain cells, you just kept the money in a high yield savings account or CD. But this is the Dave Ramsey show, so, we have to follow his rules.

@@XennialGuy I love the irony. Your argument falls flat on its face and you can't even recognize it, let alone do some pretty basic math. Do everyone a favor and stop talking.

@@evr0.904 What are you talking about? The math does add up. I don't see a McLaren in your driveway so how's your math been working for ya?

@@XennialGuy If you think the math adds up then you're bad at math. The reason you can't see my McLaren is because it's parked behind my Ferrari.

@@evr0.904 Ok, whatever little SpongeBob boy.

Especially at today's inflated interest rates, it's like 7+%

@@RJWaynerium I was able to get a house with 6% at $445k. But that is with 0 debt and nothing but the house.

@@born2win262 that's pretty decent, I'm working on getting one at 290 @7%, I can live with that

Better than paying $200,000 in bills than only having $25K in savings and $1,000 in investments.

If him and his wife made $100,000 that's 1 million in 5 years. You won't need any debt at that point.

How would it have a positive cash flow when there’s a bank note attached to it? The only way to have a positive cash flow it by owning it outright first.

The car loan prevents you from investing that money and getting the compound interest. That’s his whole point. When you have debt, your money has to go to the debtor rather than to your retirement.

@@rrrealitycheck If you can charge more than what you pay a month then that's positive cash flow . How do you think banks make money on a mortgage ? The money that they loan is borrowed by it's depositors . They charge an interest rate that makes a positive cash flow on the loan . Most who have rental properties have mortgages . If you can make 2 or 3 percent of 30 years your in good shape and by the end of the loan somebody paid your mortgage for you and then you own the house free and clear . Hopefully you made some equity also . Then you sell and enjoy your investment . Now many bad things can happen also . It's not a walk in the park as with anything . Yes it would be best to own outright but most can't do that and why Dave allows mortgage debt (as long as you can afford ) as part of his program . If the guy can afford the car payment he is ok . Would I do that . Probably not . I drive 20 year old vehicles

That good debt went bad pretty quickly in 2020. When I bought my first home with 30yr mortgage I already had five times what I paid for home in net worth. I could pay it off at any time. Decided to pay it off in nine years. I guess I would consider this good debt.

@@stevencole7331 Sorry, but you're wrong. This is Dave's whole point and the exact reason why he does what he does. He went into debt for "cash flow positive" properties but the banks called his notes and he had to go bankrupt b/c he couldn't cover the debt. Debt is ALWAYS risky b/c the bank owns the property not you. Even if you're "positive cash flow" each month, the bank technically owns that not you. It's not possible to be "cash flow positive" when you have debt. Those two things are diametrically opposed to one another. You can't have debt and be cash flow positive at the same time. Those are in opposition to each other. The only way to truly be cash flow positive is to own the property and have no debt. Add to all that the risk around repairs. If the property needs a major repair and you can't pay cash for it, then you need to take out another loan to cover the repair. Now you have 2 debts.

I think that should be used in focusing on buying and investing in bitcoin

Exactly, I've spent more effort saving $5/month on a bill

@@thedopplereffect00 Do you know a professional investment advisor

@Only1adminofvalidtrade

@@DerickJordanDJ you sound like a bot

He would have been a lot less annoying if a fake call.

Exactly 1.99 % is a very good intrest rate..I think the car is too expensive though. I would not take Dave's advice at all.

Same

5.28 Vmfxx

5% interest on $24k is only ain’t much. Pay of the car dude.

$1,200 On the 24k $396 interest on the 36k car. $804 spread before tax. Sure it is nice to earn that but Dave is right, simplify the situation and pull the trigger early to focus on building wealth more efficiently as a married couple.

@@gm2407 exactly, with his income that $24k will be replenish in a year max if he really wants to.

Don't be a single parent. Don't live in Canada. Problem solved.