This totally needs a follow-up call because he’s TOTALLY going to do it.

@MrTmenzo

21 күн бұрын

He has no money though the bank would laugh at the dude

@edb484

21 күн бұрын

Yep he already pulled out a loan since he called lol

@jeffreywhitaker5154

21 күн бұрын

@@edb484 😆😆😆😆

@jeffreywhitaker5154

21 күн бұрын

@@MrTmenzo 😆😆🤣

@Weakeyedominant

21 күн бұрын

​@@edb484if he can get someone to guarantee the loan ie his parents a bank will loan him the money. Let's hope his parents have more sense or deep pockets.

"I aint a dream killer but I love kicking the crap outta nightmares" WHAT A LINE!

@JP-nl6lb

9 күн бұрын

Aw, Dave trying to save this baby from a true nightmare. T_T

Michael: *What's the best way to get a loan of a million dollars* Dave: *You don't*

@masoquistaeo

21 күн бұрын

Michael: you are right Dave, but it’s a great opportunity, even though I rent off my parents, have a car loan, no assets, no knowledge, and no experience. It’s a long term investment.

@johnadams3418

22 сағат бұрын

Hope that helps ... next caller.

When Dave calls you "honey" you know you done messed up

@BT-mc2yd

21 күн бұрын

Facts

@everybodyfitnessinjax

21 күн бұрын

😂

@maryk446

21 күн бұрын

Exactly. Just as if you tune into a Dave Ramsey radio broadcast and hear Dave impersonating someone in a southern accent ,it almost always means that he thinks the person is planning to do something dumb with their finances.

@frankl6831

21 күн бұрын

It makes my day when Dave calls men “Honey”.

@mikeblank4084

21 күн бұрын

Lmao

"I'm not a dream killer, but I love stepping all over a nightmare." Good one.

He got the ice cold truth.

@DudeDude491

21 күн бұрын

Good One!!

@Mr.Boring_Man

21 күн бұрын

😂😂 - Clever!

@stevenporter863

21 күн бұрын

Pass. The caller is doing it so Dave just gave him a plan that will result in the owner selling to someone else.

@allisonautrey2136

21 күн бұрын

Lol 😂

@JustinCase780

21 күн бұрын

Papa pulled out the ice pick straight away.

At the beginning the caller sounds like he's on Shark Tank.

@westaussieeggs8867

4 күн бұрын

🤣

@bensheard3969

Күн бұрын

I thought the same thing. I swear some people today are so full to brain rot they watch shark tank and think it's a real thing

Banker here. He'll be termed out, overdrawn and crying to his banker about not knowing what he was doing.

@Songbird36able

21 күн бұрын

...then the parents will bail him out.

@TXMama

21 күн бұрын

@@Songbird36able I grew up as a trust fund baby. My parents trusted me to FUND MYSELF. 😂

@komradkookoo

21 күн бұрын

@@Songbird36able No, taxpayers will bail him out. Biden will come out with something for losers like him.

@amireallythatgrumpy6508

21 күн бұрын

@@komradkookoo Biden has never come up with anything. He won't start at the age of 81.

@TimesUp8888

21 күн бұрын

​@@TXMama😂😂😂 same

Just need a small loan of a million dollars for an ice business 😂

@Songbird36able

21 күн бұрын

Hillarious😅😅😅😅😅

@bruceellenburg429

21 күн бұрын

What could possibly go wrong?

@MrMazon12345

17 күн бұрын

​@@bruceellenburg429 a heatwave 😂

It’s always Im debt free…except for car loans, student loan debt, personal loans…😂

@oldbloke204

20 күн бұрын

And apparently mortgages aren't debt either according to some.

Living at your parents house and you're trying to get a loan for $1 million??? I hope he go back and read these comments.

@parochial2356

21 күн бұрын

A grown adult still living at their parents house and trying to get a loan for $1 million has been watching too many Tik-Tok videos; online courses in delusion.

In our 20’s we think we know everything.

@robloxvids2233

21 күн бұрын

It's more like when you don't have a plan or vision of your own, you are succeptible to scam artists and hustlers who trick you into the idea of easy money. There's a reason his owner is trying to get out of BOTH the ice business and landlording. And he already KNOWS what he's doing. You don't.

@ykook7000

21 күн бұрын

Early 20s maybe definitely Not by your late 20s

@kinked_chrome1438

18 күн бұрын

I did know everything. Now I'm old and dumb and I don't like it.

@westaussieeggs8867

4 күн бұрын

@@kinked_chrome1438 oh dear some of these responses make me giggle, but I must be quiet as it is early morning here.

@bensheard3969

Күн бұрын

​@@kinked_chrome1438I don't either

Every Ramsey Caller: "We have no debt, except a car."

@parochial2356

21 күн бұрын

"We have no debt, except for our ......" Then a list of debt follows: 1 car payment, a student loan, 3 charged off credit cards in collection - but those don't count cuz we don't make no payments on them, etc.

@thisoldbelair

21 күн бұрын

@@parochial2356or they don’t count because its “good debt” or “good interest rate” 😂

@parochial2356

21 күн бұрын

@@thisoldbelair I think Dave would say something to the effect that "The only good debt is paid off debt." 😁

@thisoldbelair

20 күн бұрын

@@parochial2356 agreed 😁

@armandoc2584

17 күн бұрын

We eat healthy minus the morning breakfast I have at McDonald’s every day

My parents each started small businesses when I was a teenager. The whole family suffered for years before the fruits of them were tangible. People think it is so easy and while some are extremely lucky, most struggle a lot at first.

The look on Ken's face the first minute is priceless!

Young people nowadays want to be their own boss and think it’s going to be a cakewalk. Owning a small business is like having a job but you never get to clock out and go home from it.

@talyahr3302

15 күн бұрын

There's some truth to that. Can definitely be worth it though, especially after it's built and running smooth.

@andrewbeltran5795

13 күн бұрын

@@talyahr3302exactly. They just see these dumb influencers and don’t bother to think about the process they went through. Social media is a wrecking ball to the mind of humanity

@ozarked2363

6 күн бұрын

I bought out the owner of a business where I worked for 8 years. I owned it another 12. I was 48 at the time with about 25 years work experience on top of all of that. I was the last person to get paid every month. I worked 11 hour days and another 4 to 6 hours on about 40 Saturdays a year. This kid has no idea the level of commitment owning this business will require. All he sees are the benefits, not the work required to secure them.

@calebharris4127

4 күн бұрын

Be proud of that. This is why America is great. He’s ambitious and knows he’s too excited. He made the effort to seek advice from Dave. Gotta remember young ones have no experience

@johnadams3418

22 сағат бұрын

Yup. Pretry much all cases of being successful as your own boss requires more work, sweat, and tears than most traditional bosses' require.

David was much more composed than I would have been. My call would’ve been, “what in the hell are you thinking boy?” Dave actually dug deeper and gave him good advice. Do the business, rent the building

He's excited about the "shiny" idea of being a business owner without any idea of what it takes to be a business owner.

@tate6809

21 күн бұрын

soooo many people start businesses like this, it's tragic

@parochial2356

21 күн бұрын

Indeed.

I'm debt free but I have a car we're paying off. Dave doesn't like debt but I'm going to ask him how to take a loan for $1 million. 🤦‍♂️

@ManyMannyMan

21 күн бұрын

Bruh... 🙄

@ONLY1KUDWE

21 күн бұрын

While living at home

@parochial2356

21 күн бұрын

Caller: But, but, uh there's always an exception to going into debt, isn't there Dave?

@sitcomchristian6886

21 күн бұрын

And the credit card!

@AbsolutTrash

20 күн бұрын

That’s what I’m sayin. What is wrong with people?

Looking forward to the conversation in 2 years time. Hi I'm Michael, I live with my parents and I spent a million dollars on a ice business which has now gone bust. How do i get out of debt 😂.

@rolandhansen812

21 күн бұрын

It's possible in two years time he will be successful in the Ice business. I always have to wonder "why is he selling the business?". There has to be a reason. If the owner is an old man and just wants to retire, OK, it's possible it's a good opportunity. If he isn't OLD, there has to be a reason he wants to get rid of a "successful" business. Before he even considers it, he needs to take a serious look at the books to see if the business can pay back the $ million. Not just current year but the previous years as well. Have the profits been going up every year? Or have they been going down year after year? I'm not sure he's ready to run a business.

@donhill1825

18 күн бұрын

@@rolandhansen812 Even if it works out, this caller taking out a million dollar loan is foolish if not outright insane. If I bet my life savings on black & it happens to hit, I'm still a moron.

@inbornwanderlust1076

18 күн бұрын

​@@rolandhansen812This. I'm going through something like this right now. Reconnected with an old friend about partnering in a company we were set out to launch 4 yrs ago. Pandemic happened, it would have required me relocating halfway across the country so I didn't end up doing it. Fast forward, the company did launch and the person in the position I was going to take has now left the company. My friend and I decide to team up, and I'm hired. Three days on, they decide they need to shut down with no warning whatsoever. Huh? Thankfully I haven't relocated yet. Finally the beans are spilled, come to find out the company bank account is frozen because of a litigation issue unrelated but the banking was incorrectly set up from the beginning and has founder's personal bank account tied to it, so it got frozen with all their other personal accounts. It's a seasonal business and they thought they'd be able to run it just on the (potential but not certain) money that would be coming in this year. Whomp. Did not see that coming. Moral: there is ALWAYS something going on when a "successful" business wants to sell. The fact he has no idea what that is is actually his biggest red flag here. If he's so certain he can run this and be successful, he needs to take his experience and knowledge and just start his own business not tied to anyone else.

@davidhale4647

18 күн бұрын

Dave said no bank will give him a million $ loan I agree

He sounds bold, confident, and detailed for an overgrown man child with no assets. Maybe he should consider a career in politics.

@ruthirwin8222

21 күн бұрын

Yep

Dave and Kens advice about approaching the boss about getting into a leadership role, growing the business, and creating an option to buy was spot on !

@oldbloke204

20 күн бұрын

Except that it's a side gig now and he works for his family. How much time will he have to spend doing that?

"I think it is lucrative". that means absolutely nothing. He needs quantifiable data.

I saw 3 18 yr olds right outta high school running their own ice biz. Old scrappy freezer truck, old forklift, and determination.

@raultelles9896

18 күн бұрын

🥴 Probably went bankrupt after a year

@fredfred4086

7 күн бұрын

I'll bet it didn't cost them $250,000 to buy in to either. Smart kids.

That kid is going to do it because he thinks he knows more than they do 🤯🤯🤯. He's clueless about basic living expenses..... living with your folks doesn't teach you any of that!!!

This is what kills me on a lot of these calls still living with parents claim they have no debt then not one sentence later says they still have a car note. Do people not understand the definition of debt

His poor wife 🥴

@brucecorey24

14 күн бұрын

Why? She married him??...I've been saying it for years. You judge a woman off the man she marrys😅

Yes. The current owner is probably tired so he probably would agree to let the caller take over management. Then after a couple years, the caller will actually know how viable the ice business is. Write up an option to buy that separates the business from the real estate too.

after giving him the playbook, "one last question, how do i still do this?" 😂

Ken had indigestion just listening to this dude talk at the beginning.

@llb2233

17 күн бұрын

😂😂😂

Dave was literally speechless right after the question was finished. LMFAOOOOO

I listened to this on the radio... it was glorious to hear.

Bless his heart. "Ice world!"

@ebransc09

21 күн бұрын

Is this the plot for Frozen 3?

No debt but we do have 1 car loan?

@joelfenner9179

21 күн бұрын

How is he going to run a business if he doesn't even know what debt is?

@Sizukun1

21 күн бұрын

Most callers are like that: "we're debt free except all this debt we're paying on". I just don't get it.

@mike112079

21 күн бұрын

😂 🤦🏽‍♂️

@dustinadair7893

21 күн бұрын

So many people do that on this show it’s hilarious.

@RCGuitar982

21 күн бұрын

@@Sizukun1 They're doing their own plan and want Dave's blessing

Why do people buy business if they don’t see the books. It might be the accountant in me but before buying a business I will have to take those books and go line by line and if I don’t know any accounting I will get a good CPA to do it.

@Dave-tz9zx

19 күн бұрын

Dave wanted a 24 percent return on his money! Seems high to me...

@tpeters85

3 күн бұрын

@@Dave-tz9zxbuying a small business is one of the riskier investments you can make. The higher the risk, the higher the return you would need to make it a worthwhile investment.

@JacobsNews

Күн бұрын

@@Dave-tz9zx most business that are for sale are 3-4 x cash flow .250k should be around 70k . and most likely its only 1 guy working at that price

I love it when Dave said I’m not a killer but I love stepping over a nightmare. I just love that well said, sir.

If live in Oklahoma and almost every-time I leave to run an errand another small business is just gone…

If that ice business is so profitable, the owner would not sell. I have been self employed for 24 years and it has nearly killed me. It is a relentless grind from every angle. People have a fantasy of it in their heads. I love Dave. He is a blessing.

that dream melted faster than ice on a southern summer day

@Wuncler

18 күн бұрын

😂😂😂😂

As a previous business owner for 30 years, my advice is to never get a loan to become a business owner. Because the lender will be your boss.

Sounds like the owner promised him the secret recipe for ice with the sale?

He's gonna do it.

So true your perspective on running a small business

I only listened to 42 seconds and I know what Dave is gonna say Dave hates loans, with a fiery hell like passion

lol he calls Dave Ramsey to ask how to get a million dollar loan. :)

I've heard of burning through your money - this is the first time I heard about melting.

“You have car debt and live with your momma.” That’s right, put him in his place, Dave!

@xiomaragomez6649

21 күн бұрын

👏👏👏👏

Love the direct but loving communication style. Wish we could all be this honest with eachother.

Great advice.

"Hey Dave, I don't have any debt, except this debt."

I'm getting close to 30 and I live with my parents and they even had to give me a job, so can I get $1 million? 😂

@tylerdurden8449

21 күн бұрын

you forgot to mention "I'm debt free" and then 5 seconds later, "I'm paying of a car" lol

An ice business? Just how much money -- profit! -- does it rake in annually? Why does the owner want to sell? Caller is going to take on the role of owner, AND landlord to the tenants in the building?? Do the current tenants pay their rent on time? Too many questions and not enough answers for this headstrong idealist.

@rolandhansen812

21 күн бұрын

Exactly what I commented on another post above. I wish I had seen your comment first. But even if it made $100K last year it might not be good. If it made $120K the year before, $150K before that and $200K before that. If that's the case, it's a dying business. Run for the hills. If it's the opposite, then maybe you should take the opportunity. There is way too much unknown to say one way or another. Maybe Mommy & Daddy will loan him the million bucks since they have a successful business.

@adamseidel9780

21 күн бұрын

I could easily see this being a very profitable business, but the fact that he doesn’t know the numbers before he thought to call Dave Ramsey to ask about $1 million in financing proves that this kid has no business being the one to run it.

@TheRisky9

21 күн бұрын

@@adamseidel9780 Yup! Asking the questions in the wrong order can be as bad as not asking at all.

The stunned silence after he was done should have told him Dave isn't the right person to have this conversation with 😆

@TheRisky9

21 күн бұрын

Or maybe he is. Some people can know how to build and price a shelf inside and out, but that doesn't mean they should go start their own shelving business.

@user-kpkxgtj

20 күн бұрын

@@TheRisky9 very true. Working in a business and running it are two separate skill sets.

@JacobsNews

Күн бұрын

@@user-kpkxgtj the kids funny you need 200-250k to get a million dollar loan . and even SBA would want you to have lots of experience to get anything like that and they would want 150k . he hit the b0ng

You had me at Dave should I borrow. 😂

Most patient I’ve ever seen Dave be.

I like everything about Dave aside from his stance on debt. There is such a thing as good debt if it’s making you more money then the interest on the loan.

"I was thinking maybe I should change the word from borrow to "be able to obtain" the business for that price" Yeah bro that flips the math 180 degrees, let's go!

We've all been there. You hear good advice, but then you tell yourself it doesn't apply to your situation. Later comes the regret and you learn a hard lesson.

This guy says he “hasn’t dug into the books” but is ready to go to the bank today and get a loan for $1 million to buy it and keeps calling it an “opportunity”. He has no idea what he’s doing and is just ready to buy whatever is in front of him.

Dave - "You're wrong." Excellent. Also, my pet peeve - any sentence that starts with "in MY head...." just a way to rationalize something dumb.

I’ve talked to a bunch of young bucks like this. They like the idea of being SEEN as a business man but are as green as the day is long.

This call 📞 was hilarious! 🤪

When he started out the call he sounded so arrogant and smug.

@mominthe209

21 күн бұрын

I think that’s the sound of youthful naïveté. Most tech companies were started by these types. Once you get older and gain knowledge, you quickly figure out what could go wrong.

@JacobsNews

Күн бұрын

@@mominthe209 when the bank asks for 250K down he will wake up lol

It's difficult especially with the high taxes in CA and NY.

How do we keep getting these callers? It feels like trolling. Who asks Dave Ramsey about taking out loans?

@LovesGrilling

21 күн бұрын

They are cherry picking the callers. It's all outrage bait. There's basically never a normal caller with a normal question anymore.

@luisvigo3777

21 күн бұрын

@@LovesGrillingif you go to Ramsey’s old clips from 3-4+ years ago, you could actually learn something from the various people . These days it’s just planted calls and useless idiots calling in.

@RPisa2416

21 күн бұрын

@@luisvigo3777yep that’s where the gold is

@dudeorduuude5211

21 күн бұрын

But he is 27 and dumb. Probably not hard to find dumb people.

@briankowald6465

21 күн бұрын

It’s good to have a non relationship call.

... sounds like a troll call. A good one.

I’m in a similar situation, and I was calculating through, and the funny thing is following: 1) If I take over the business for 1m it’s gonna take me around 5 years to pay that off. 2) If I start my own business in the same field, I “only” have to make a 50k investment, and if I run the thing well and it grows organically, in 5 years it’s also a 1m business… So for me it’s very easy to decide which option beats less risk to my family. I don’t wanna drag them down if something like corona or something else happens again.

@CroisMoi

20 күн бұрын

I think his boss wants to take advantage of how naive he is. He is not doing well and wants out. The callers parents probably have money.

He’s so amped up about the idea that he will do whatever it takes to get this business.

I would also like to buy a business, along with many other things. What I've thought to myself is, "When you are ready, it'll be good."

“I see a lot of opportunities in the ice world”

Dave and Ken are right. Wait a while, get your house in order, forget the real estate, and see if the owner will seller-finance the business to you.

Y'all have said it all 😂

Love this title.

This kid was sold a scam, borrow $1million? crazy.

Dave should have explained a plan where he could work with the owner to get in a management role with the business and after a year of proving his worth he could start converting a portion of his paycheck into equity. Fairly low risk from both sides and gives him time to get his affairs in order and learn how to run the business.

@8:33. I can't believe there is much sweat equity in the ice business.

I have a cousin of whom many years ago went to chiropractor school and graduated at the bottom of his class and upon graduation immediately bought an existing chiropractor business with zero business experience and at the same time bought his first home. Still blows my mind today how any bank would give him the financial backing for such deals, but he managed to get that funding from my understanding that the bank looked favorably on his chiropractor degree. Needless to say it flopped and very badly for him and it only took about a year as he lost the business and his house foreclosed on him at the same time. Fast forward to today 25 years later and he never worked as a chiropractor but instead has been driving truck since then and has hated it, but it's what pays the bills.

Most businesses aren’t worth the asking price

Hear me out: 90's MadTV doing a parody of this call... I wish it was possible. Will Sasso as Dave and Michael Mcdonald as Ken 😂😂😂

🎶 "The cold never bothered me anyway" 🎶

$20 on he’s still going to try buy that business

Oh that ice compnau probably does pretty well. Those ice penguin uuhh mini factory? I dunnonwhat to call them. All dave called in the ion cannon

I have a nephew like this. When I ask him what his business plan is I get the blank stare.

“It dudn’t affect me honey” 😂

00:45 Ken thinking RIP kid

He's not even standing on his own two legs yet out in the world! More than 2/3 of his situation is family charity. What makes you think you can go from 0 to 100 like that? Oh yeah, your parents planting that seed in your head by taking care of so much for you up to nearly 30

Go for it

Dude really loves Ice!!

all ur time will be business as you transition. It is hard in that sense good opportunity but be ready to not leave the site in the begining.

staying at home with. mom and keeping his overhead low, is probably the strongest foundation to start a business you could ask for. Most entreprenuers dream they had some support systems, wish they could stay at home with mom until their business takes off. Going out and renting a house and shit doesnt mean you got your shit together and it certainly doesnt give you a strong 'footing" to start a business. As if moving out of moms and increasing your monthly overhead and lowering your expendable cash flow and liquididty is going to somehow enhance his ability to operate a business.. mind boggling! Before he has kids is perfect and still has a mom who will help him out, this IS THE PERFECT TIME TO START A BUSINESS. If you live at moms and your business doesnt work out, you dont lose your house and everything, etc.

I always find it odd that Dave is against borrowing unless it’s to borrow an apartment at 1500/mo instead of living w/ parents.

Ramsey the man!

I do love ice !!!

To be able to get a million dollar loan (with no house) you need to show you have millions 😂 This reminds me of the little rascals scene when the kids want a loan for some wood.

Hiii man, listen Dave please... Agree with you Dave, has a strong fundamental finance first...

This is so hard I recommend people stick with your job it's not for everyone business is very hard

Watching the crypto market's ups and downs shows how quickly things can change. In crypto, strategic, informed trading isn't a choice; it's a must. Remember, caution is as crucial as ambition here. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 1.2Biitcoin to a decent 11.4Biitcoin... I'm especially grateful to Kerrie Farrell, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape....

@CsokiBabi

4 күн бұрын

As a beginner, it's essential for you to have a mentor to keep you accountable..

@PatchettStalls

4 күн бұрын

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this..

@TedStalets

4 күн бұрын

Investing with an expert is the best strategy for beginners and busy investors, as most failures and losses in investment usually happen when you invest without proper guidance. I'm speaking from experience....

@rogercav40

4 күн бұрын

I rather invest my money on crypto. Bitcoin trading is great unlike the stock market and other financial markets, bitcoin has no centralized location , since it operates 24hrs in different parts of the world...

@JasonGavino-dj6ze

4 күн бұрын

On the grand scheme of things, once you understand the potential of trad!ng, you can bet on it but I think people need the education to fully understand...

@6:17 Ken is picking his eye crust. 😅

@CroisMoi

20 күн бұрын

😖

@CroisMoi

20 күн бұрын

He needs to wash his face before he goes to work. 😝

I wish there were baby steps to building a small business if you're planning for it to be your primary income to help get you financially stable

@CroisMoi

20 күн бұрын

I suggest working in someone else’s business in the same field. No risk of your own money.

I wouldn't even make such a decision as a 15 yr old🤦