we were in over $80k in debt in 2018. 2019 became debt free following Dave's show and books. We sold everything that wasn't tied down, canceled cable, gaming, and streaming networks and even our cell phone plans. We don't make too much at our jobs, we just cut costs.Three years later, still debt free and close to 60k in investments. Thanks Dave!

@odiyn8315

2 жыл бұрын

Yea

@Itsdjsigi

2 жыл бұрын

Good stuff man, congratulations!

@BrezzyBoi33

2 жыл бұрын

Live life a little dude, you got to buy some things. Psychopath

@j.n-turner

2 жыл бұрын

@@BrezzyBoi33 lol. Well, seeing that we're debt free with over 60k invested, I'm pretty sure we're living life real good now. And we have cell phones, streaming networks, vacations etc.

@j.n-turner

2 жыл бұрын

@@Itsdjsigi thanks man. Feels great.

My ex got us into around 39k credit card debt due to his gambling. When we broke up I saw the full extent of what he did. We both worked and should have been living comfortably. Many times before we split I asked him to sit down and work out a budget but he was always so resistant and we would end up arguing. I have now been single 4 years. I am now paying my mortgage by myself and have 24k in the bank

@Hello-iz9hl

4 ай бұрын

Ouuu girl 24k I wish😛

@Marialovely-ty4ce

3 ай бұрын

Awesome 😊

@victorkreitner754

Ай бұрын

I've been single all my life accept for one 7 year relation. I have no debt, and have over 200K saved. Probably will work until 67, and at the same job I've had and love for 24 years now. Barring any serious situations I hope to live my older years with no stress and no debt at all. Pay with cash or do without.

@Middle850

27 күн бұрын

Never let someone else ruin your life with their behavior. Been there before when married and took me a few years after to recover. Again couples need to talk to each other and not knowing what the other was doing is not the answer and you HAVE to talk and be on the same page. It’s so important

In two years my husband and I paid off 87k in debt following Dave’s process.

@littlesongbird1

11 ай бұрын

Wow congrats!

@Sweet_Southern_Pecan

10 ай бұрын

Amazing congratulations!

@roadrunner9622

4 ай бұрын

Means nothing if you don't tell us your income.

I get what Dave is saying. It's like cleaning up a hoarder's house only for it to fill up again because emotionally the person can't change the way they live.

“It’s going to feel like you got a raise when you get on a budget.” Personally, I had the opposite experience. Getting on a budget showed me how much I was living outside my means and I found myself tightening up more than ever. It was definitely a good thing, but no way did it feel like I got a raise.

That food budget with five kids, game over with his salary.

@DavidGonzalez-ru4uz

2 жыл бұрын

How much do you think they spend on food?

@jml9550

2 жыл бұрын

It is not the grocery budget, it is the eating out that’s out of control.

@alinatamashevich3354

2 жыл бұрын

Momma maybe unable to cook!

@rory644

2 жыл бұрын

@@alinatamashevich3354 daddy has hands 🙌 aswell

@alinatamashevich3354

2 жыл бұрын

@@rory644 Bingo

Beans and rice, with a side of rice and beans!!

@love4stamps

2 жыл бұрын

🤣🤣🤣

@Vanessa47912

2 жыл бұрын

BOL!!!

@bnepaul9268

2 жыл бұрын

U are certainly funny 😁😃😃😁👍👍😁😁

My husband and I paid off 45k in 10 months following a strict zero based budget inspired by Dave. Every single month we sat down together and discussed how we were going to achieve our goal and stay on track. The communication truly reaches a whole new level when decisions are made together.

@thefunfam1433

6 ай бұрын

Wow! How? That’s about what I’m in debt for cc

With that many kids, I'm surprised Dave didn't say "sell the kids."

@MikeNapoli1989

Жыл бұрын

Me too 😂

@cjhoward409

Жыл бұрын

😳😆😂🤣

@ErichH68

9 ай бұрын

Send the kids to work.

@hollystiener16

6 ай бұрын

They should sell the kids. It is too many for the money they make

@Cata0110

6 ай бұрын

😂😂😂😂😂

Dave sees the problem if you sell the house and don't change behavior you will be back here in two to three years

@shawntely

2 жыл бұрын

‼️‼️

@roadrunner9622

4 ай бұрын

Yep. But next time he won't have a big rental property to bail him out.

We sold our home as well. Moved into an affordable home we paid for. Slowly renovating the home. Paying for our renovation in full as we can. For the first time in our thirty year marriage we are debt free. And it feels great. We're not living beyond paycheck to paycheck. It took patience and consistency. But above all. It takes a couple who are on the same page. It will not work if only one's there.

WOW this callers scenario is exactly our position at time! Now I know exactly what we need to do! I can't wait for my husband to get home to discuss :) THANK YOU!

@retrojay86

Жыл бұрын

how has it been going since then?

@jurisveipe4341

Жыл бұрын

@@retrojay86 she's dead and the husband is in jail.

@user-ky2nd7qx7s

Жыл бұрын

@@jurisveipe4341😂😂😂

@19ANT86

Жыл бұрын

😂

Hahaha, the way Daves shakes his head when the caller is being asked if he’s on a budget 😂

Sell the kids, sell the house and sell the wife you should be good for the rest of your life

@vanessacaltabiano9775

2 жыл бұрын

Funny! & sell the pets😂❤️

@carojames6776

2 жыл бұрын

@@vanessacaltabiano9775 NO WE KEEPING THE PETS But the WIFE GOT TO GO, PACK A BAG!!!

@martinramirezmi5457

2 жыл бұрын

😆 or he could rent out his wife

@angel-ij4xv

Жыл бұрын

they all are doomed

@cjhoward409

Жыл бұрын

Maybe she should sell HIM ! My ex husband was my financial problem. 35 years later I’m completely debt free and he owes everybody 😮😅

Love it when smart people understand.....fix the problem.....don't just treat the symptoms.

Let’s just say how IMPRESSIVE it is that he has a rental house that’s paid off. Why can’t they move into that? I wish Dave had asked more questions about it.

@gypseenomad3956

2 жыл бұрын

I was thinking the same thing. They'd be mortgage free.

@dylpicklethebugslayer

Жыл бұрын

Yep

@Nickypecs

Жыл бұрын

They should be able to rent it out for what their mortgage is to at least break even and still keep the asset

@danpike7980

Жыл бұрын

It wasn't clear whether they were currently renting it, or if it was part of their income.

@BrianaBudgets

Жыл бұрын

Probably too small.

WHY HAVE 5 KIDS IF YOU CANT AFFORD IT!!!

@dannyleo4791

5 ай бұрын

Because he fell for that whole lie called the American dream

@bovnycccoperalover3579

5 ай бұрын

Never believed it. I kind of know what it is. It may have been possible for many decades ago but impossible now until you're millionaires and billionaires.

@miketheyunggod2534

4 ай бұрын

Ask God.

@miketheyunggod2534

4 ай бұрын

Let me guess. Millennial you are.

I wouldn’t sell the rental. The value will escalate. Better look into more ways to bring in more money and use less than you bring in.

@rsafree1139

2 жыл бұрын

Or it doesn’t escalate. Or it needs a major repair. He needs to sell it

It bugs me when people do stupid things financially and then say, “we find ourselves in this situation”. No, you PUT yourselves in this situation. Stop being passive and own it.

I was never out of control but when I got organized with my finances and put everything down on paper it made such a difference and I made so much more headway after I put pen to paper.

It always amazes me the angles dave can see things. Just when i thought it to be a quick “sell the rental, pay off the cc, chuck the rest at mortgage.”

@aolvaar8792

2 жыл бұрын

“Sell the rental, pay off the cc, make an emergency find, chuck the rest at mortgage.”

@angelachanelhuang1651

2 жыл бұрын

AMERICANS are not financial planners

@retrojay86

Жыл бұрын

​​@@angelachanelhuang1651 sadly, financial literacy is poor

@katemiller7874

Жыл бұрын

That’s what he should do

I’ll never understand people that keep having more kids when they’re already struggling financially.

@Europa1749

5 ай бұрын

I can't imagine feeding teenagers at the cost of food today. I had two and they were starving an hour after dinner.

People talk about kids like it's just something that falls off the sky into your home... I don't get how people keep popping them without any plan...

@queeninkim9733

2 жыл бұрын

You can never prepare enough for kids. Life happens no matter how much you prepare.

@KC-dr3cg

2 жыл бұрын

@@queeninkim9733 you can however prepare for not having five children

@jameshernandez6168

2 жыл бұрын

why I only had one and he's an adult now. no way would I have kids now this world is going bezerk and it's expensive especially now

@shaunwilliams8738

2 жыл бұрын

@@queeninkim9733 yes you can, it’s called condoms and the pill.

@miketheyunggod2534

2 жыл бұрын

It's up to God, not them.

34yrs old with 5 kids, Ha!

@toddprater14

8 ай бұрын

Fool

@Hello-iz9hl

4 ай бұрын

Lol crazy

I just started working on the snowball method you spoke of in another video to pay off my debt…pray for me! Haha

@fawdzoola9192

2 жыл бұрын

Best of luck 💪

@Project-Masculinity

2 жыл бұрын

God Bless

@stevenporter863

2 жыл бұрын

Best. That debt is toast. 👍

@Vanessa47912

2 жыл бұрын

You got this!!

@paulwisdom5383

2 жыл бұрын

You've got it buddy. It worked for me till my situation went sideways. I cleared about 70% of my debt before that point and it got to the point of being fun paying the remaining balances off!

dave comes out strong in this one !! de dude on the left was talking pretty good but then dave came in really good, later on dave was super sharp. Really nice one !!

Thank you, Mr. Ramsey, for giving folks FPU as a gift.

DO NOT SELL THAT RENTAL!

I know exactly what this family is going through. Been there. They have to make a meal plan Sat night, let one of them go shopping for the week for two hrs Sunday. Game changer.

@FortuneSeek3rz

2 жыл бұрын

Usually kids like cheap food. Chicken nuggets, hot dogs, cereal. Obviously you have to work some fruits and veggies in there too but they're cheap also. It can be done.

@KC-dr3cg

2 жыл бұрын

@@FortuneSeek3rz I question the teaching value and the health issue of feeding children choose food full of preserved ingredients .. for example if no one doesn't have any allergies preventing it eating 18 cashews is equal to eating one hot dog and much healthier because of all of the nutrition in cashews

@jurisveipe4341

Жыл бұрын

@@FortuneSeek3rz if they do not know about the nuggets existance, they just don't know. Who introduces them to these shit foods?

@greatsouthmarketing8897

Жыл бұрын

Exactly. I wish they’d throw out meal planning more

@MyLifeInDebt

11 ай бұрын

@@FortuneSeek3rzsadly you’re so right. Processed food is very cheap but is really setting your kids up for failure later on.

Thank god me and my husband don't have any student loan debt. But we are stressing over just 5k credit card debt and a 10k car loan. These videos keep us motivated to not get ourselves deeper into these situations. Life happens. However, we both need a stronger life saving plan. That's our main focus this year and paying off everything.

5 kids Costco is your friend!

Five kids!!!! Family planning?????

We make more than them have 1/3rd the house and two kids and just get by. Not incurring debt but not thriving by any means. I’m surprised they don’t have more CC debt. I don’t even have a vehicle payment. But sure enough a $300 to $500 “extra” bill pops up every month for me. This month was a plumbing issue I couldn’t fix.

Vids like these make me feel relieved … somehow it doesn’t deter me from wanting a car I can’t pay cash on lol

What he trying to tell you is to change you're spending habits. If you sell youre rental just to bail you out you will go back to to just charge it and you will be right back to where you were! Live within your'e means!

@Jenda-ld8dj

7 ай бұрын

Yeah, get rid of the new(er) cars for starters.

@Mark-qv4bn

7 ай бұрын

I'm driving a 21 year old truck. It gets around town just as good as any new one does. BTW, nobody cares what you drive. 😮

Oh thank God Dave said the first budget is really hard! I thought it was me. After surviving through tge 1st month budget I literally wrote across the whole page "UNREALISTIC" and I reconfigured the 2nd month. Being intentional and deliberate with the money is really an eye opener. Thank you Dave and the entire team.

When he said Yup, I felt that.

Great stuff. "Batten down the hatchets" is a great eggcorn though!

Nothing like a self made issue to get me annoyed. Yes, I've made my own issues, also when I was young.

@jml9550

2 жыл бұрын

As long as you acknowledge the issues, it can be fixed.

@richthepup

2 жыл бұрын

Couldn’t tell if you were referring to the kids 😂

@hollystiener16

6 ай бұрын

Having 5 kids was their downfall

I started following dave in 2020 got myself out of 15k of debt rebuilt my saving to over 50k in growing and in still kept my 1k Emergency fund underneath my bed mattress. 😂😂😂

George Kammel is my favorite co-host of the Ramsey Show

$500. A month interest Before a single dollar is paid on the card.

@jml9550

2 жыл бұрын

Yep. I would just take a equity on the rental with a much lower interest and pay off the CC, then pay the equity off ASAP.

@travisclark7892

2 жыл бұрын

Borrow money to pay off borrowed money.

Caller has made himself "house poor" Can't really afford the house payment. $40k in CC debt = $8k + per year in CC interest, just eating at their budget.

@travisclark7892

2 жыл бұрын

More like 4k+

This guy rambling drive Dave crazy 🤣

Struggling and making 70-90k is wild to me

@hollystiener16

6 ай бұрын

They have 5 kids. why have so many when you are not making enough and do not even have the time to devote to them.

I don't understand telling someone to sell a paid off rental property to pay off $46K in CC debt. We weren't told if the rental is being rented out and if that is part of their income. If it is additional income then sending that to the CC seems better and when they are paid off they will still own a great appreciating asset. Also - as mentioned in the threads, why could they not sell the current home and live in the rental mortgage free?

@hollystiener16

6 ай бұрын

The rental home is way to small for 5 kids. They had too many kids

Gotta fix this and the this is you. Once again, Uncle Dave tells it like it is 😜

No one told you to have 5 kids. No matter how much you make you would be hemorrhaging money every month.

@PInk77W1

9 ай бұрын

There’s a video on KZread where a couple has 14 kids and no debt at all. Very frugal people

@MsSimpleMovies

9 ай бұрын

I expect a more wide-angled viewpoint from someone named "Ibn Faqir."

When will the govt go on a proverbial "rice and beans" diet and start whittling away our $30 trillion debt?

I took on debt to survive And now I'm attacking it with extreme prejudice

@beckyzwhite

Жыл бұрын

One year on. How are things now, Josh?

House ownership is a luxury now. It is no longer a homebased of good memories.

@gregorypaine513

19 күн бұрын

Crazy JOE IS MAKING LIFE HARD!

Dave at his best in this call

43000 eating out! Lol check out what casino their eating out at!

The house seems too much for the income.

@garrettmesser3977

2 жыл бұрын

It is. Move into the paid for rental and sell the one with the mortgage

@nicholegallo1090

2 жыл бұрын

It’s not if they can afford the mortgage once they budget

We were $150 in debt last month. Now we are debt-free following Dave’s baby steps

@evardmuts

10 ай бұрын

😂

Hey in case you didn’t know..he’s 34 years old.

@MT-yx5cu

2 жыл бұрын

I was to trying to figure out why that was worth mentioning so much as well 😄

@vikthequick

Жыл бұрын

😂

5 kids? And each one costs what, $300K to raise to 18? Ugh. They have set themselves up for a rough time.

@toddprater14

8 ай бұрын

This isn’t the 1950’s. Having*5/6 kids nowadays is suicide ….

I love how Dave Ramsey is a Sensitive , Patient , Consistent Person . This guy chose to have Children in his life that's on him

34 with five kids

Five kids without the finances to support those five lives that he chose to bring into this matrix is very irresponsibly and selfish.

I would not sell a paid off house. Ever. Do the hard work!

I have to say I wish them the best but having a family of 7 on $92k is very reckless. That not intelligent family planning. Family of 3 on $90k is ok, 7 is outrageous.

@hollystiener16

6 ай бұрын

He said $75-80k. and it is outrageous

@dieterh.9342

2 ай бұрын

That people like you do not value life is astounding.

Don’t agree sell the rental. Multiple streams of income is so important…

@mouwlylee5014

2 жыл бұрын

Papa Dave not smart

I was finally getting ahead and now my savings is wiped out due to legal issues. Im so sad and scared. I just cant ever get ahead and win.

@walters24051

2 жыл бұрын

Hang in there.

@PatriotSteve

2 жыл бұрын

that sucks

2:28 "Batten down the Hatchets"

I lived on credit cards during Covid. Also while stuck at home during that time I decided to remodel the kitchen and one bedroom. All on credit cards. After the dust settled I was $50K in debt. Last year (2023) I paid off 25K and so far this year I've already paid off my car and by the end of the year I should have another $15k paid off and then sometime in 2025 I should be completely debt free.Well, that's the plan anyways. It's taken me a bit longer as I'm a widower with 4 girls and sometimes I back slide..

I unloaded three duplex rental properties out of panic 20 years ago without reflecting on if I really should. And as was pointed out, I was just buying time without addressing the lifestyle that I needed to change. Sold all three for a combined 240k, clearing about 90k total. Each is still standing and I'm sure worth about a million combined today. Oh well.

I did give myself a raise, I’m ahead of bills, have more monthly cushion, it is amazing

-Fauci, Math! Love it

Yeah, you guys just have to live like your only bringing home half the income. Then you can actually keep the rental. Which in my brain is a better investment than money in the bank. Fix the problem not the symptom. Spot on Dave.

My ex got me 1,000,000,000 in debt. I just gave up and became a monk in the mountains of asia

Live small, save big, invest smart, retire comfortably.... easy peasy.

Sell the big house, move into your rental. Your kids will do just fine sharing rooms and a bathroom.

HAVE 3 MORE KIDS!!!!!!!!!!!1

Lot of this is about FIXING YOU and not fixing debt

Loan debt is draining.

He's not listening!

I really like the comment that you got a fix you

They probably have a lot of stuff they bought on cc that either no longer need or never needed in first place. Sell it all.

Nobody has any equity anymore!

you moved to the baby steps that's an understatement

@gggg-ms7vu

2 жыл бұрын

For more Insights and private mentorship on investment and earning write me on the above number ☝️☝️☝️

I paid off the same amount. Lits of overtime

I'M DEBT FREEEEEEEEEEEEEE!

@jragon9215

2 жыл бұрын

Hey, if I have $140k discharged in bankruptcy and student forgiveness, is it costing the tax payers?

Sell the rental, pay off debt, leave an emergency fund and put a dent into the mortgage.

This man sounds more Cuban than me =D

One of the above average videos

This is scary for real not making a lot of money less than hundred a year still owed money for the house the cars 5 kids credit cards etc etc.The life style is very scary eating out a lot throwing a way a lot of money like Dave Ramsey said your house is wild.Big debts Will Get you in big big trouble

I think one big problem is, people think they can get happiness out of something like a car. "I worked hard, so I deserve..." ??? A debt after buying a car the manufacturer purposely build to break down and charges ridiculous amounts from spare parts that cost a nickel to produce? Is that what you "deserve" because you worked hard or maybe something that actually improves your life and not make it even more expensive? Same thing with houses. If where you live, you can assume that your property will increase in value more than you pay interest and other payments involved, including maintaining said property, great! If not... yeah... think about it. But the one thing I can NOT understand is: Why do people buy regular "stuff" with credit? I don't recommend using credit for a car, but I get it might sometimes be ok, if you can pay it in reasonable time and car is practical and useful. House, especially if it is likely to increase in value, sure, if you can economically survive surprises. But spending lend money on "stuff" like, TV? Stereo? Computer? Smart phone? Bed? Holiday? Clothes? Jewelry? A person doing this kind of spending is not "bad with money", this person is a certified, bonified idiot.

His house is too expensive for their income

@PatriotSteve

2 жыл бұрын

I disagree. Their mortgage payment is less than rent.

@hollystiener16

6 ай бұрын

5 kids is too expensive for their income

Rice and beans lol

That is a lot of eating out

Why not use the rental income to pay the debt? They got $85K to live on.

I was 20,000 in credit card dept no more.

$85,000 household income is not enough.

There r people who just don't care and will charge there cards to the max....

@angelachanelhuang1651

2 жыл бұрын

I doubt there are jobs

i decided to run my cards up to 52k then went bankrupted ,got married to my wife and i feel great!!! ,why pay it back that’s stupid.

@Jenda-ld8dj

7 ай бұрын

BS.

The pair of them are reckless with their finances.

@edgar22452

2 жыл бұрын

Exactly!

@Jenda-ld8dj

7 ай бұрын

Their marriage is starting to suffer as well.

Sell three kids

Self inflicted debt. Enjoy!

@blackworldtraveler3711

2 жыл бұрын

Many people are their own worse enemy with finance.

@mmccpl3934

Жыл бұрын

What does that even mean. All debt is self inflicted

Feels good to be debt free.

@Mark-qv4bn

7 ай бұрын

Congratulations. I'm over 9 years debt free by choice. I work and collect SS retirement. 🧙