She wants to build a garage and has never had one As my dad would say “you’ve lived 70 years without it you can probably make it 70 more”

@kibbitznbitz

4 жыл бұрын

Try 5 or 10

@kimjong-un5562

4 жыл бұрын

@@kibbitznbitz 78 accounts for all deaths it's much higher

@TaShar16

4 жыл бұрын

Lololol

@sherrystewart7745

4 жыл бұрын

What you don't have you don't miss! Don't spend $$$$

@andicantu6490

4 жыл бұрын

Your dad is very funny!

If you need to struggle, do it while you’re young.

@davisholman6518

3 жыл бұрын

She has no clue... but guess what? She will be fine. It is Raina up there all the time - constant cold, damp air. She just hates dealing with having to take her groceries in the house during the rain. Not building a garage attached to the house in the Pacific North West is dumb...real dumb. That lady is going to be fine. Especially now - her home is worth even more. She has more income than many single ladies her age.

@kimdeiter9349

3 жыл бұрын

While I was young I was working and keeping a roof over our heads and food in our bellies. I’m a single mother of three grown self sufficient kids.

@googaaklo153

3 жыл бұрын

I wish someone told me that when I was young I ain’t young anymore I’m 18

@jeremiahmeade710

2 жыл бұрын

@@davisholman6518 I have lived in the Pacific North West my entire life and I do believe that you're exaggerating the amount of rain we get. Not to mention we pacific north-westerners are used to the rain that we do get and tend to be fairly good at not getting wet when we want to.

@wallflower1852

2 жыл бұрын

I had to screenshot this...

70 with $900?... That's the stuff off my nightmares my goodness. Thank God she has a steady pension

@ChooseU4ever

5 жыл бұрын

Isaac Good same here

@mannydavidcastillo1109

5 жыл бұрын

By 70 I wanna have a paid for little house somewhere in the Caribbean or a Latin America country, my retirement plan to live off and maybe a little stand to sell American stuffs to the locals, also come home to see the kids 3 to 4 times a year..!

@granitemoss1451

5 жыл бұрын

@@paulsmith2279 Seems those payments are not doing much more than just covering her bills. I assume that based on the fact that she has six figures left on her mortgage, and three figures saved, and that's ALL her savings. If she has 2 payments a month, but not enough to save significantly or get rid of her debt, then those things are surely better than nothing, but a faulty safety net.

@darlingsarah826

5 жыл бұрын

My nightmare too!

@yossischwarz1042

5 жыл бұрын

I breathed a sigh of relief. I thought she’d end up on the street

Dave is old school, and respects his elders. He could have chewed this lady out. Instead, he remained calm and nice; But, he still stuck to his principles. Good work on this one Mr. Ramsey!

@FrancoisDaniels

5 жыл бұрын

Bmayo27 totally agree with you.

@superplan89

5 жыл бұрын

Bmayo27 there was one he was not so good with At the end he said Your stuck

@ssimon64

5 жыл бұрын

Why would he chew her out? Lol

@m.b5008

5 жыл бұрын

@@ssimon64 because she didnt plan for her later years an dave is all about a plan an planning out every cent lol everyone that has listen frequently knows he dont play that i got 900 buck stuff lol

@m.b5008

5 жыл бұрын

U right in his earlier years he most likely would have chewed her out lol he use to go ham on some ppl lol

Everyone's all shocked by this? There's lots of people her age that don't have a savings.

@Noc4ball

5 жыл бұрын

Exactly. It's sad.

@nancydavieau4951

5 жыл бұрын

Finally a real life scenario At least she has a home - I know a lot of people who use 1/2 their S.S. check each month for rent

@cerebralcaustic

4 жыл бұрын

I dOn't nEEd to savE, I haVe a PenSIon

@duanejackson6718

4 жыл бұрын

being broke and in debt is the norm. USA!

@citylife2394

4 жыл бұрын

@NurturingTalents Your real funny. Life happens & money goes away.

70 year old caller: "Should I build a garage?". Dave:"Sell the car".

@CDTucker336

4 жыл бұрын

Sell the house and live in the car!

@HobbyOrganist

4 жыл бұрын

Exactly! my mom is 77 and she cant drive any more, a garage would be stupid.

@nemishasharma5737

4 жыл бұрын

This needs more upvotes

@fhuber7507

3 жыл бұрын

She's about due to stop driving.

@gayled3059

3 жыл бұрын

@@CDTucker336 No, she needs a proper house to live in, not a car.

This is exactly what gives me motivation, as horrible as it sounds I love listening to people like this because it motivates me to work so hard that I'll never be in that position.

@rogerwellington8829

2 жыл бұрын

Same!

@Jamie-wh3kd

2 жыл бұрын

Yep! gives me something to run towards, AND something to run away from. powerful. lol.

@tonyl6385

2 жыл бұрын

It tells me what not to do and what to do.

@mariorta5017

2 жыл бұрын

Me too.

@princevinny0073

2 жыл бұрын

😃😃😄😄 me2 i been woring about my furture so much i hope i retrire a milion year am going to work harder then i ever have before

This call made me cry. I want nothing but blessings in her life

@user-nu3nf3hg6x

2 ай бұрын

Amen!

@nettalangston2304

2 ай бұрын

I agree! Bless her heart. How sad.

Keep screwing around with debt and you will be this lady

@thequeenbee82

5 жыл бұрын

a cautionary tale indeed.

@pawsnotclaws2772

5 жыл бұрын

Aurora Sleeping Beauty ikr

@LarsonFamilyFarm-LLC

5 жыл бұрын

....and keep not screwing the right man you'll be this lady.....lots of women forget to "share themselves"....they don't need a man...or the man's pension or the man's retirement.

@iamanovercomer3253

4 жыл бұрын

Don't point your finger, you don't know what happened in her life. You can have the whole world in the world, then in a second you can lose everything ,❗

@iamanovercomer3253

4 жыл бұрын

@CarlosChip Morales very mature little boy ❗

Not having your home paid off by age 70 is such a sad situation to be in.

@relsba

2 жыл бұрын

Especially with such a large mortgage. Luckily her payments are low enough.

@ruthirwin8222

5 ай бұрын

I know its awful to have that much mortgage, i nearly took out a mortgage to m9ve house but friends and family were concerned to i pulled out and im so glad i did

@keith-kb1zl

5 ай бұрын

yes my neighbor is pushing 80 years old and took a couple home equity loans over the years to remodel his home. one day he told me he still owed 190,000 on his house!🤦‍♂️🤦‍♂️ totally remodeled his kitchen for his wife who beyond boiling water knows ver y little about cooking, granite counter tops, all new appliances, total landscape renovation, now his wife has dementia, he can’t afford long term care,has to take care of her himself, made tons of money, but didn’t save , very sad situation 😢😢

@victorkreitner754

Ай бұрын

The sad thing is she'll likely die before the house is paid off since she still owes 136K. I'm kind of surprised he didn't tell her to downsize, but if her monthly payments are low, and most importantly she has a roof over her head she's probably good staying there the remainder of her life. Thank goodness she has a teachers pension with SSN. 900.00 in savings is disheartening. With what teachers make today compared to many years ago she missed out on making a nice nest egg in her generation.

I felt badly for this lady. It could be any one of us due to these crazy times, and more. God bless her.

@bobby-ux1sn

27 күн бұрын

yep except people in the comments do nothing but judge. I guess they hate their lives and come on here to judge. Good on you though.

I REALLY like how he handled this call. He was truthful, kind and positive all at the same time. Also generous. Really classy. Really Christ-like.

@aprilj.9174

4 жыл бұрын

Michelle, I was thinking the same thing. He handled the call very respectful of her age. I appreciated that. B

@tycobb2580

4 жыл бұрын

let's not go crazy, Michelle

@michellewright99

4 жыл бұрын

@@tycobb2580 I say that because he professes faith in Christ and he displayed the respect for elders and compassion for people that Christ instructed us to show. Dave is very bold and blunt ordinarily. He did not show that side at all. The lady is in a really bad position and she exposed herself publicly to ask for help. Dave made a conscious effort to not embarrass or shame her or make her sound stupid. That was merciful. That took love and restraint. Those are Christ-like qualities.

@tycobb2580

3 жыл бұрын

@@michellewright99 Dave isn't Christ-like because Christ wouldn't be giving financial advice. Christ said a rich man will never go to heaven.

@michellewright99

3 жыл бұрын

@@tycobb2580 Jesus did not say a rich man will "never" go to heaven. In Matthew 19:16-26, young ruler is so attached to his possessions he didn't want to give them away to follow Jesus. Jesus then told his disciples, "It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God." His disciples were amazed and possibly discouraged by this, and then Jesus said to them, "With men this is impossible; but with God all things are possible." Again we see Jesus speak of a rich person in Luke 12:15-21. Jesus starts the parable by saying, "beware of covetousness: for a man's life consisteth not in the abundance of the things which he possesseth." He then goes on to say how the man had more than enough and planned to keep his extra harvest all for himself. But God called him away unexpectedly and reminded the man (through a rhetorical question) that someone else would own all the goods he had tried to keep for himself. Jesus ended the story by saying, " So is he that layeth up treasure for himself, and is not rich toward God." So we see in both these cases, the person's HEART was tied to their wealth and not to God. The wealth in and of itself is not evil, nor does it cause evil. It is the attitude we have towards money that determines our standing with God. The Bible teaches us everything belongs to God and that we are to give to Him/the work of the Kingdom regularly, that we are to help those less fortunate and that we should be hard working, wise and industrious. The Bible also teaches us to be kind, compassionate, helpful and merciful. I see all these things being exhibited in Dave's teachings and in the way he handles this caller.

I was like this woman till I reached 50.Then a light bulb went off and I started saving and paying off all my debts.Even though I was a low wage earner,I have at least 30 times what she has in savings(and I consider myself poor). I wish I had woken up 20 years earlier.

@ImOldandSoAreMyBooks

4 жыл бұрын

Robert Blakemore At least you woke up! This woman is going to struggle the rest of her life.

@PC4USE1

4 жыл бұрын

@@ImOldandSoAreMyBooks Yeah- my GF is in much the same position as this lady. I am retired and she is 64 and I fear afraid to stop working because she lives paycheck to paycheck. All you can do is point in the right direction,you cannot make people travel that way.

@turtleanton6539

6 ай бұрын

Indeed

She's making 30k a year in retirement which is good. Kudos to her. Maybe downsize to a home that already has a garage?

@brisdonbsable

4 жыл бұрын

Garbage???

@leadnsteel1428

4 жыл бұрын

Tiny House!!!

@thesunflowchannel1995

4 жыл бұрын

@@brisdonbsable Like live in a storage facility. 30 a month rent and $2,000 left per month

@LadyOrion2012

4 жыл бұрын

Some people live in a small RV, while retired that way they can bank almost their entire income. After a few years, when they have enough in savings, buy a small home putting down a nice chunk while leaving rest liquid in bank for emergencies.

@dinahsoar6982

4 жыл бұрын

@M Detlef You totally missed Thomas Reddy's point.

Dave handled this call with a lot of class, really impressed!

I listen to this so that I stay on track.

Dave handled this like a pro! Excellent advice!! Good man, Dave!

This is not uncommon for many 'baby boomers' her age. Everyone needs financially educated more, no matter the age. And I'm not for the education system trying to teach everything to children, but Dave's financial class should be infused into the curriculum perhaps starting in Jr. High. Unfortunately, it's taken 19yrs to wise up that I dont want to live in debt anymore and I thank God that He put Dave Ramsey's voice in my ear to help me succeed. God bless you Mr. Ramsey!

@invaderz1919

5 жыл бұрын

You're welcome, son.

@_Justin0305

5 жыл бұрын

@@invaderz1919 😂

@angel0island0ninja

5 жыл бұрын

I took his fpu class in highschool, it (economics) was mandatory in 2008

@76482

5 жыл бұрын

"baby boomers" did what they were told to do for retirement planning when they worked

@_Justin0305

5 жыл бұрын

@@76482 I don't disagree which is why we all need better financial information.

Everyone needs to remember that these investment vehicles just came about late 80s and weren’t popularized until the 90s. Now I would say not having a mortgage when you retire is a goal. But I think we should keep this in stuff mind. My grandpa had his pension cut in half after he retired. How could he have known that would happen?? I do have some sympathy for my elders.

@elizabethpeterson56

4 жыл бұрын

thankyou for being one of the few nonjudgemental commentators. why does everyone assume the worst? as for pensions that dont live up to the promise remember the good faith efforts of the person who worked many years for the pension. many pensions get cut or altered in retirement or just disappear.

@veronicawhitehead9840

4 жыл бұрын

Amen

@ColleenMarble

4 жыл бұрын

But investments/pension aside, it's a crying shame she still has that much mortgage debt at her age. Just making minimum payments on a 30-year note, she should have been able to have a paid for home by age 70. Something else has happened. It's sad.

Aw. Him giving those books made me cry. I am a new mom and everything makes me cry.

@daisy8284

5 жыл бұрын

Erica Speare lol I remember those days as a crying new mom. Hang in there, mom.

@happygirl7258

5 жыл бұрын

Erica Speare Erica I am a new granny and everything makes me cry as well 👶🙏🏻

@verycutetaco

5 жыл бұрын

dachicagoan just knowing you’re crying because of her crying makes me cry 😢

@Sunshineon5724

5 жыл бұрын

@@verycutetaco Aww...y'all are some little babies

@ThePooppantsman

5 жыл бұрын

Freaking checks....

I wish more people ignoring their retirement could watch this video!

@andrewf4623

5 жыл бұрын

Daniel Iles I know right, she sounds like such a nice lady too :(

@JoyofRVing

5 жыл бұрын

Daniel Iles it sounds like she relied so much on her teacher’s retirement. Just realized now that it’s not enough.

@blackworldtraveler3711

5 жыл бұрын

Daniel Iles Too late for baby boomers.

@sharinglungs3226

5 жыл бұрын

Daniel Iles probably more to the story. She has kids and who knows how much money she gave to them and her grandkids. Parents tend to sacrifice their own life for their kids. If she was a single parent that whole time even worse. Being 70 with a mortgage is tough and I hope her kids hear this. She maybe too proud to admit she’s struggling.

@abacab87

4 жыл бұрын

@@JoyofRVing She also gets social security, so she really isn't broke, she just doesn't know how to save.

She sounds young and vibrant for being 70.

@animerocks2468

5 жыл бұрын

I guess that's what happens when you spend frivolously and enjoy your youth.

@ethannaka1822

4 жыл бұрын

Actually she doesn’t sound young and vibrant at all imo 😂

@geoffreydevore9503

4 жыл бұрын

She probably took care of herself!! When you take care of yourself when you are young and middle age, you will be more vibrant in older age.

@jerrylisby5376

4 жыл бұрын

Thought the same. Doesn't sound 70.

@Nonduality

4 жыл бұрын

I'm 70. It's not as old as you think. I've felt older at 40. Or even 32. I like Dave's advice except that financial markets and dollar bills and banks don't care about your religion or your politics. And Jesus doesn't care about your portfolio. Geeez.

How about a $96 Walmart 12' x 20' Canopy Enclosure Kit?

@longlostvideos191

5 жыл бұрын

yes

@sloth6765

5 жыл бұрын

Costco: :229, much better quality.

@kimchee94112

5 жыл бұрын

@@sloth6765 I suppose, but Costco lasted only couple of years not able to take the heat and breakdown from UV.

@ProfessorFickle

5 жыл бұрын

@@kimchee94112 that Canopy does not hold up in Snow / high-wind-Rain of OLYMPIA , Washington .

@wanelly

4 жыл бұрын

Canopy at 70 yrs? Deng! It’s like telling her, “a rope is cheaper just end it!”

Such stories motivate me to do better and stay frugal in these my working years

Dave, you were so sweet to her. Thank you

This is why you start aggressively saving for retirement at 20-25. Eating cat food in retirement, no thx.

@geo745don

5 жыл бұрын

Juan Dough Why not, you and cat can have handle light

@Kiernan809

4 жыл бұрын

Cat food until retirement

@karlaxel7358

4 жыл бұрын

Daniel Doucet that’s my retirement plan. Live everyday day to the fullest, putting everything on credit cards. Quit my job and have the time of my life traveling the world in first class, enjoying only the finest meals, and buying a Porsche. I will take out as many private loans as possible to pay off my credit cards. Once I am no longer approved for additional loans or credit cards, I will use whatever credit I have left to fly to San Francisco and drive a Lamborghini off the Golden State Bridge.

@markwhittaker6866

4 жыл бұрын

@@karlaxel7358 😂😂😂😂. I have a feeling you are absolutely serious about that as well.

@thomasbressler4575

4 жыл бұрын

Juan Dough Really cat food cost more than a box of rice or a pound of chicken . Animals food is not cheep!

Im old enough to remember peoples pension going kaput in a few industries. I have friends that age that worked hard. People get sick they have children who drain them theres no telling. Wish her well

@hellooutthere8956

4 жыл бұрын

Hey tht is wht happened to me. Health crises.

@rocker76m88

4 жыл бұрын

I was in great financial shape until I got hit with medical bills in the past 5 years. Unexpected health issues can bankrupt you at any time & at any age.

@daystar73

4 жыл бұрын

@@rocker76m88 🙏

@icmull

3 жыл бұрын

@@rocker76m88 you didnt take out insurance? For me its worth the peace of mind.

@KarlDag

3 жыл бұрын

@@rocker76m88 I read stories like this and still can't understand how/why americans refuse a single payer health system like Canada's, or like the UK's, or France's... Never ever in my life have I heard a canadian say "I'm broke because of medical bills".

I am 74 with only 750$ a month. I do just Fine. I help my granddaughter pay rent and utilities..and I ride the Metro..I eat healthy..and walk to the tram and bus stops. I like my life. I think people Expect too much out of Life. Be content with who you are and what you have!

@fastfeets2695

5 жыл бұрын

I can’t agree more

@NicE-jq3wv

4 жыл бұрын

kathleen Wharton where do you live? Even the cheapest places in America would cost at least $350 to $500 for the tiniest of places.

@leonardbreau8928

4 жыл бұрын

I really admire your attitude but how could you possibly live on $750 a month & help your granddaughter financially also?

@kafizola5695

4 жыл бұрын

kathleen Wharton Do you live in the USA?

@kimmer6

4 жыл бұрын

Exactly. More people should be happy for what they have.

$30K wouldn't be bad if she didn't have a mortgage. I'm 44 and my house is paid off.

Being 70 in this lifetime is the best wealth you can ever have in life!!! Your health is more important than money!

@bigx9963

27 күн бұрын

Or a garage.

He's a good man. If only there were more people like him. The world would be a better place.

I'm 28 years old. Saved money from when I was 10. It was an instinct. To hear someone 70 years old with nothing and a mortgage is terrifying.

I love how kind Dave is to people.

You handled that call with, honesty, love & grace... BRAVO Dave!!!! ❤

It’s a shame that we don’t teach people to save and invest when young. Rule number one, pay yourself first before you pay anyone else.

I usually feel no sympathy for the people that call on this show but i felt such a tremendous pang of empathy from listening to this sweet lady. Maybe it was the humbleness in her voice. I'm not sure. But I hope she is doing well and living comfortably.

Well if this doesn’t wake us all up and start saving, I just don’t know what will. 💔

Real estate investors losing money is music to my ears. They are a major reason why the real estate market is the way that it is now.

@John-bd9fj4435

4 ай бұрын

Thanks for the efforts you put in these. I found her and i leave her a message i await a response

@ERIN_198

2 ай бұрын

What?

@sitcomchristian6886

Ай бұрын

This call has nothing to do with that at all. Bot?

We should not spend the money that we do not have!

This woman ended up exactly like both my mother and father. But, they lived beneath their means, had no house payments and didn’t really want to travel anymore. You don’t need that much when your older. She probably appreciates what she has and seems super kind.

I love how Dave never belittles people no matter how much they have neglected saving up to this point. They are facing up to their issues and that takes guts.

@MrOccyc

Жыл бұрын

Agree…..better to come to the party late vs. never showing up.

That old lady sounded so nice, I'd build her a garage if I had the money. I can't imagine still working at 70, and only making $30K between that and a pension.

@elizabethlibero1878

4 жыл бұрын

She gets 25k pension plus social security. Probably another 12k at least. They take social security money back if you earn over a certain amount. At least she’s in state of WA taxes lower.

Classy, you couldn’t have asked someone to have handled this lady’s question with such respect while still sticking to your principles. Very impressive to say the least. I almost didn’t watch this video because I anticipated that he was going to rip her to shreds. Thanks for proving me wrong Dave!

I'm not judging her, I dont know about her life and past. I'm calling my financial advisor now lol. I'm scared now

Dave handled this situation so well! I'm used to him being stern, but he was so respectful and kind in this. What a sweetheart. ❤️

I listened to you so often when I was a Teamster. Driving a truck in the middle of the night in the middle of nowhere. Not on sat radio but what I could pickup on analog / antenna. That's been a few years ago. God Bless!

When you have the choice between getting a new car or saving for retirement remember this lady.

@roxannegordon6162

5 жыл бұрын

Drogo: I will and I do. I'm her age and I have so much more yet I still get that angst sometimes that I don't have enough. I never read those on line articles on How Much Do You Need For Retirement. They are just ads to call for a loan or expensive financial advise because they will always tell you if you email them with personal account amounts information: "Yikes you don't have enough, you better get our guide for only $$$." I will remember this lady.

@rickyllarena9344

4 жыл бұрын

THIS IS FOR ALL THE I WANT IT NOW HUMANS.....IN THE FUTURE THERE WILL BE NO I WANT IT NOW JUST 900 IN SAVINGS

@youngfinance6319

3 жыл бұрын

saving is not enough. You have to invest

@gblyndensrandomreviews

3 жыл бұрын

Exactly!

@LarsonFamilyFarm-LLC

3 жыл бұрын

Yes on savings...let me add her choice to "Be Nice" to men and take care of a man (her husband) too.....majority of the women are the ones that initiate divorce and some never sought to marry.

Beyond my house (already paid) and the first car I bought in my early 20s, I don't touch credit. If I don't have the money in my pocket, I don't spend it. Credit has been fooling people into thinking they can afford stuff they really can't.

@beverlyhamilton5688

4 жыл бұрын

Great advice.

@Grandpamoe

3 жыл бұрын

Depends how you use debt! You could either use it to make money or use it to go broke

Ocean Shores is a cold, rainy, coastal town with very little sunshine. I feel for this woman...

@memphistiger4647

5 жыл бұрын

Sounds very depressing. She should sell the house.

@invaderz1919

5 жыл бұрын

@@memphistiger4647 What are you, 5? The rain is super relaxing.

@GardenerEarthGuy

5 жыл бұрын

@@Alex-xl3yr It's fun to ride horses on the beach there, but everyone is pale and it rains pretty much every single day.

@invaderz1919

5 жыл бұрын

@@rob-fb5xs You looked it up so I had to as well and I 100% agree. Now imma have to move there one day.

@animenomad4186

4 жыл бұрын

Man i looked up Ocean shores on Google and it seems like heaven so what are you talking about

Thanks God I found Dave and since then I have been addicted to financial learning and planning.

This is terrifying!

@mikenelson8377

5 жыл бұрын

Mary Smith and believe it or not, that’s good news for you to understand the math and you’re still very young.

@bigbanknewyork3655

5 жыл бұрын

she's not as bad as the $500K student loan dentists. She has a pension.

@Will-wv7sn

5 жыл бұрын

This is America

@blackworldtraveler3711

5 жыл бұрын

Mary Smith Not surprising at all to me.

@wheel-man5319

5 жыл бұрын

indeed!

Mr. Ramsey did a great job addressing this ladies situation. Great advice!

Its unfortunate for an educator to be in this position.

I read 900,000 instead of 900$ guess that's what my mind wanted to see. 😂😂

We have all make mistakes with money nobody's perfect the fact that this woman made it to 70 years old is a blessing within itself we don't know what God has in store for this women enough with the put downs of this women

@Jen1112111

5 жыл бұрын

70 is young. Its not like shes 100

@KayJay79

4 жыл бұрын

What a lovely comment! Full of grace!

@clydeshannon8669

4 жыл бұрын

@@KayJay79 Thanks

@MsCliffmaddox

4 жыл бұрын

@@clydeshannon8669 Agreed Clyde

@bbednorz319

4 жыл бұрын

Clyde Shannon Your grammar and spelling are atrocious.

I'm a school administrator, retired Army officer and around 1.6 mil invested and no debt. I constantly coach teachers old and young about preparing for retirement. I am often shocked by how many are in no way preparing for their retirement. I have two investment groups that I work with in the schools I'm in. There is a great need for financial education. The lack of early knowledge is killing people.

@TheNebraska402

3 жыл бұрын

I have a friend who has parents that should be fully retired from teaching/administrating. They were both making about six figures but need to keep working because of the way they out leveraged themselves. They have no clue how how much money they have on hand or in their retirement accounts

@OlgaK-rq7eb

5 ай бұрын

Hi Robert, is there a way to contact you or join your team of students?

Dave has the best gig. Everyone I've seen on this channel literally already knows the answer to their question.

I know someone who is in his 40s and never saves, when I ask him what will he do when he retires. He told me he will live off government pensions...

This is the same situation my mom is in & she's 74

What a sweet lady, it breaks my heart that a retired teacher receives such a modest pension for all her years of service.

@anonamous365

5 жыл бұрын

You know nothing, only to virtue signal

@Alexanderofthe9th

5 жыл бұрын

@@anonamous365 lol wut Didn't know incels watched Dave Ramsey videos

@Sexy40baby1

5 жыл бұрын

We all know a lot of people who's social security wont even be that much.

@blackworldtraveler3711

5 жыл бұрын

Alexander Chavez It's what she signed up for years ago. Should be no surprise.

@ytyt3922

5 жыл бұрын

Sweet lady who will be a massive burden to taxpayers because of her stupid decisions.

$900 bucks and wants to spend 20k on a garage... and still owes basically what the house is worth in mortgage, wow.... bad shape... divorced likely

@justin15157

3 жыл бұрын

Or piece of shot husband that didn't have a life insurance policy

@666dynomax

3 жыл бұрын

@@justin15157 yah possible... Not good

@justin15157

3 жыл бұрын

@Johnny Five I don't care

@justin15157

3 жыл бұрын

@Johnny Five I'm saying I don't care about your response

@magicworld3242

3 жыл бұрын

666dynomax, She's still trying to keep up with the Joneses. She probably spends her days watching the neighbor's garage.

I can beat that. I am 58 with no money, no pension, and no job.

@tonyeden8381

4 жыл бұрын

RobertMOdell .......I’m same ........10 grand in debt been on sick for a year........only good thing is I just started back to part time work

@justwannasay5454

4 жыл бұрын

🤔😁 Robert: Sorry. But it sounds so crazy. I feel bad but I had to laugh outloud.

@RobertMOdell

4 жыл бұрын

@@justwannasay5454 I'm not even counted as unemployed, which is why since Obama the unemployment rate has been so good.

My debts are only $1000. I don't have any money but it's not bad. I am 40. I pray and hope to reach 70+ with a different story.

Refinancing is the biggest trap there is to keep you in debt. Believe me, I'm talking from experience.

@elmateo77

4 жыл бұрын

Refinancing is great, it can save you a ton of money by reducing your interest rate. She's basically talking about taking out a HELOC and disguising it as a refinance.

I have just become a new follower of Dave Ramsey and must say he has absolutely the best plans for being debt free and will defiantly follow his advice for Ontario Canada

@edwinroyal9734

5 ай бұрын

Yay, a fellow Canadian! Yes, my wife and I have never had debt but we are still trying to go through the baby steps. One thing we aren't really following is buying a house though... we can afford to rent but even the cheapest houses are way out of our budget. Oh well, aside from owning a house I think his advice is pretty good for most people

That’s one cute old honest woman. Reminds me of my grandmother. Love you darling ❤️

I genuinely love Dave. Respectful, straight and honest. Generous. Bless this woman and her retirement. I pray those grandkids know how much she loves them and work smart to help take good care of her ❤️

Nothing bad on her, but this is what I fear the most. Being 70 with just a crummy retirement.

@thomashimes644

5 жыл бұрын

good fear to have. it should motivate you like it has me to start preparing now. my father is in worse shape than this lady & i see the him as the example of what not to do.

@bcsprothree

5 жыл бұрын

Same here. My parents are nearly 60 and i have more in my retirement fund at age 24 than they do.... my biggest fear is having to work until I die. I want to get the most into my retirement fund as early and as quickly as possible to insure my future.

@michelarosier1918

5 жыл бұрын

I totally agree. I don't want to be her, when I reach that age. I see this all around me, this is scary. Wow.

@mysticaltyger2009

5 жыл бұрын

It really wouldn't be so bad if she at least had her house paid off.

@wolfthequarrelsome504

4 жыл бұрын

$25,000 is crummy?

Omg!!the kind of financial problems I'm hearing on this show is scary..70 years with only 900 dollars and not retired??!!!..this is a lesson I'm learning from..More strength to this grandmum

This is why the proper retirement planning is so important! I'm working to educate people on here so they don't end up broke during retirement. 🙄👎

@briannacollie2742

5 жыл бұрын

Good job

@lucasr9156

5 жыл бұрын

Ok

@kixmgc

5 жыл бұрын

25k a year from pension + SS doesn't sound like a terrible income, tbh...

@nicoletara353

5 жыл бұрын

@@kixmgc compared to if she set up a Roth IRA/401K when she was younger yes it is

@AliceDepaul

5 жыл бұрын

You're spamming every Dave's video haha They're here for him trust me

Suddenly I dont feel so bad about my situation. That said heck no! I refuse to end up like her

Dave is that friend everyone needs in their lives. So much good information.

I went back to school at 39 to become a teacher. I also own a small business. I hear these stories and it motivates me to graduate and teach for at least 25 years. The thought of being broke at 70 is absolutely horrifying. It's never too late... Until it is.

Dave was so nice and polite to her and I fully agreed with the advice he gave. Good advice!

I have a 70 year old friend who just retired. He planned it so he will have a boat load of money. His house is paid off. Well guess what. He has just been diagnosed with terminal cancer. Whose shoes do you want to be in now.

@stephengehly2319

4 жыл бұрын

Al Hidalgo if it’s between hers and his. Honestly his.

@windingpath

4 жыл бұрын

unless planning ahead and saving lots of money caused his cancer, I don't see how that's relevant.

@kms50549

4 жыл бұрын

@@stephengehly2319 honeslty she could easily live very well on $25,000usd a year in many beautiful countries. Sell the house and have the $60,000 equity as an emergency fund. That money could easily get you by in Thailand, Sri lanka, Portugal and a fair chunk of latin america.

@mikethemechanic7395

3 жыл бұрын

I have seen this happen way to much! That’s why I enjoy my money now. I will have way less for retirement. Just a paid off house and social and small 401k. But if I retire at 65. And get cancer. I can say I enjoyed traveling and buying nice cars and doing things with my family and kids. People are stupid and save and save till retirement. I have a friend my age 45. Who paid off 2 rentals in 20 years. He brags about retirement at 60. He does not spend much. His wife just got cancer and they have to sell both homes to most likely pay for treatment etc. no thanks

Friend: why should I do this plan? Me: so you don’t end up 70 years old with nothing to your name

This is exactly where my mother is headed. She is 40k in debt and is trying to do X Y and Z on debt using the equity of the home my grandfather left US. At this age, you have absolutely no business taking loans.

i just retired and live off 2k monthly...I have 200 in savings...2 divorces will do that to you....but i can still laugh...

@thetruthandnothingbutthetr6484

5 жыл бұрын

James S $2000/month is still more than a lot of people make who work 40hrs/wk...a whole lot of people

@ytyt3922

5 жыл бұрын

James S you’re a boomer who won the birth year lottery and still could’ve save anything? I hope you’re not one of those looking down your nose at Millennials who have it WAY harder than you ever did

@citylife2394

4 жыл бұрын

@@thetruthandnothingbutthetr6484 Truth!

@keto6789

4 жыл бұрын

I agree.

@glorymanheretosleep

4 жыл бұрын

@@thetruthandnothingbutthetr6484 Did you remember to add medicare cost and prescription drug cost? It's like 1k a month for just that...

As soon as she said she had been a teacher, I shook my head. Teachers deserve more money. You shouldn't have to be working into your 70's. What a sad indictment on our society.

The bank won't mind taking her home. They don't care about what's best for her.

I appreciate that he didn’t yell at her on this call. At this point what can you really yell at?

@AnishChari

4 жыл бұрын

It wouldn't help. There's nothing she can do to improve her financial state. Yelling at her for past mistakes won't help her future because she doesn't have much of a future. This is miles different from the 25 year old who wants to buy a 70K truck on 50K income. Yell all you want then so that those habits don't perpetuate for 45 years.

@FerventReminder

3 жыл бұрын

@Anita Frattle Levy Your misandry is showing...

We need a Dave Ramsey curriculum in schools as well as properly fund social security

@wsmoran

5 жыл бұрын

He does have a curriculum in schools. It's now in about 40% of schools nationwide if I remember correctly... Now depending on your state you may be lower or higher than that (none in my area have it). And you have to consider what percentage of high schoolers have enough of an attention span or care enough to learn anything. As for myself, I'm getting his homeschool curriculum when my kids are of age.

You are so considerate in your tone and your provided insight. Thank you for this.

This is kinda sad, knowing that any medical emergency you have at that age, you're basically dead.

I think a lot of teachers don't get social security, they get pensions only. So, she's living on her 25K only probably.

@1redrubberball

4 жыл бұрын

She said she gets both pension and social security and maybe $5K from part time teaching, about $30K.

Gosh I hope this nice lady don't read these judgmental comments... a lot of folks hv a hard time saving adequately for retirement due to living paycheck to paycheck... we all know teachers are grossly under paid in this country yet so many judgemental comments accusing this lady of over spending... None of us know her full financial history... Best wishes to this caller.💖💖💖

@msmargiek48

5 жыл бұрын

@Teri Jones Thank you so much for your comment . I thought the very same thing People are so mean and judge her when she could have had terrible things like the loss of spouse or illness that left her broke. Social media is so quick to judge.

@stabs31

5 жыл бұрын

This! Teachers don't make much money at all.

@blackworldtraveler3711

5 жыл бұрын

Teri Jones I judge people and expect the same in return. She made the choices with career,spending,and/or lack of saving and planning. Is what it is.

@bonnevillebagger9147

5 жыл бұрын

Teachers make way more hourly than the average American worker. If you been following Dave you would know that teachers make up the largest portion of millionaires from his study.

@blackworldtraveler3711

5 жыл бұрын

Big Bear Bonneville I make $160/yr and some of my coworkers are still paycheck to paycheck after 30 years with nothing to show for it. She made her choice.

This video title scares the bejeebus out of me.

This is the "Hi, Dave, I'm on a river going over the waterfall as we speak. What should I do?"

I work in banking, and sadly I see 70-year-olds in much worse financial condition than her. I see lots of people living off social security with no other income, and no house to their name either. They depend on welfare and section 8 housing. It breaks my heart when I see it, and I see it often. The take-home message I get out of this experience is that a few minor lifestyle changes can make a world of difference someday.

@FredMaples

2 жыл бұрын

Most of my neighborhood unfortunately.

sad, but this is the mindset of many unionized workers. "I don't need to plan for the future, I'll have a pension..."

i'm 23 and seeing cases like these just motivates me to save and invest even more

“Lord, please make sure I don’t end up at 70 years old with only $900.” This call just shows that this reality is possible! It’s a wake up call. Don’t let it happen to you!

Whoever said it’s never too late needs to see this.

@Sexy40baby1

5 жыл бұрын

They would still say it though

@JRInTroy

4 жыл бұрын

She’s got a steady income and a roof over her head.

I went to a Wendy's not long ago and there were like 2 70+ year olds working there. I respect it but I could tell it they were there because they had to work. You should be relaxing at that age. Unfortunately, most of us will work until we die. I'm 40 and saving and trying to pay off debt but no matter how I break it down I will end up working until I die.

What a sweet lady!! I hope her family helped her get her garage! God bless her!! Sweet of Dave to gift her the books for her graduating grandchildren!!

@virgierutledge3004

2 жыл бұрын

I suspect she has helped them, is why she doesn't have anything.

A very kind way to answer her Dave. Kudos to you

And adding a garage is her biggest concern? That’s a shame. She needs some direction in her day to day life.

@roncur

5 жыл бұрын

After 70 years she's gonna follow directions??

@Jeff-or6em

5 жыл бұрын

Then she going want a new car for that new garge.

@aolvaar8792

5 жыл бұрын

@@Jeff-or6em give a mouse a cookie, and he'll ask for a glass of milk

@jessicaolson490

4 жыл бұрын

How is not having a big issue a shame? 🤔 She needs some proper dreams to make life worth living? She didn't call in with 30k CC debt, a boat loan, 2 car loans and about to lose the house... What a shame that her life must be so relaxing without all that jazz.

@gr8macaw1

4 жыл бұрын

Jeff 70 no if the garage was property insulated 1 or s people could live there this is what your horrible country has become

Caller: Can I build a garage? Dave: No

@rebeccaoliver7977

3 жыл бұрын

This makes me want Dave to have an online voting system for people who have been financially responsible. Caller gives details. Group votes online and then Dave gives his answer. Then we see 95% agreement in the answers.

Before we judge this lady we need to know her whole story. Many people have had to use up savings for medical reasons, my late husband and my daughter both had serious medical expenses. I still need to help my daughter out, she is not able to work full time, people do what needs to be done.

Scariest call I've heard on this show.