I listen to these while I get ready for my college classes to keep my grades up for my scholarships. No student loans for me.

@madebyawosika2061

3 жыл бұрын

Same here. Applying for scholarships is a part time job for me 😂

@rogerchanin6786

3 жыл бұрын

Great job!

@Prince-fn7ff

3 жыл бұрын

Great job!!

@cerealcrusader7096

3 жыл бұрын

@@madebyawosika2061 That's what I tell people! I do my own scholarship webinars now, this is some of my most important advise.

@michaelp9707

3 жыл бұрын

😎Awesome

If broke people are making fun of what you do, you’re on the right track. Dave is hilarious 😂

This caller is in quite better shape thn most people that call on this show.

@alecoria18

3 жыл бұрын

Big facts!

@elmerramirez1215

3 жыл бұрын

@@alecoria18 they say they need answers well i got big facts big facts

@socketyellow3

3 жыл бұрын

Yeah it kept getting better and better with every question, being single also means he doesn’t have to worry about convincing his wife

People, DONT BUY A TIMESHARE

@RJ-cv2uw

3 жыл бұрын

I know right

@amydoran9987

3 жыл бұрын

Yes

@stacieflores8650

3 жыл бұрын

i don’t understand what a time share even is

@switchmaster5860

3 жыл бұрын

@@stacieflores8650 it’s a useless money pit that’s what it is lol I know what it is and still don’t know what it is if that makes sense 😂

@pistachiosandpopcorn7146

3 жыл бұрын

My sister was a DR and of course she had a time share also. I don't get it. I also think she was in plenty of debt.

High paying job,valuable home.Situation not as bad as it sounds.

@howlbeast

3 жыл бұрын

That house will be worth double if not triple in CA

@teeduck

3 жыл бұрын

@@howlbeast no. His house value of $700k isn’t going to $2 million. Not for a tract house in lA. Not in the next ten years. Maybe 50 years, if we’re all still here.

@ianrobinson4200

3 жыл бұрын

Yeah, this guy will be ballin' by the time he's in his 50s

@I_am_milan

3 жыл бұрын

Exactly

@portiaowusu1706

3 жыл бұрын

Yeah! His situation is actually not as bad as it it initially appears to be.

Serious amount of debt, but also a serious potential to change his family tree. Rooting for him!

I pray this caller succeeds in getting out of debt.

When I get the urge to go shopping 🛍 I listen to these videos, it reminds me of my why and keeps me on track! 🙏

My first favorite meal is rice and beans. My second favorite meal is beans and rice.

@daltonbrasier5491

3 жыл бұрын

@@lmnop01 Too many choices can be a bad thing lol

*Chef Ramsey ganna bring out the one item menu: Rice & Beans - Beans & Rice special*

@SeanBaker

3 жыл бұрын

It's raw!!!

@rogueskiss3794

3 жыл бұрын

Haha as long as it wasn't microwaved it's the best kind of rice and beans

@bitcoinpysa-cryptominer456

3 жыл бұрын

@@SeanBaker Dave ganna take the chef title away from Gordan Ramsey.

@achavez78

3 жыл бұрын

If you're lucky you may be able to add salt and pepper... (Maybe)

@1jw298

3 жыл бұрын

That’s 2 items

Dave: "Are you married?" Caller: "No", Me: "That's good too"

"Caring what other people think will kill you."

I'de get a few roommates for a few years and use that income to pay down some debt. He definitely doesn't need to sell the house.

Take a shot for every time the caller says “ya know?” 🤣🤣

I'm looking forward to seeing this man's update! You got this, brother!

Hi I’m a NP (Family & Psych) and yes we start off making that much and can go upwards when starting our own practice or working OT. The options are endless! Many of us work as nurses while in NP school so that we don’t have to take out school loans for graduate and doctorate degrees. Some hospitals will have tuition reimbursement which helps tremendously. I also supplemented my income while working as a college professor at the school that I was getting my doctorate from. Guess what? That school paid for my doctorate as I continued to teach for them! There are so many options as a NP and absolutely he can get out of debt fast with this career. He is fortunate. He should move away from CA to a place where the cost of living is less and he will get that same pay.

@Ty-iz9wd

3 жыл бұрын

I am going to community college for for RN to become a NP. Didn't do mentally well in HS and dropped out when I turned 18. I currently live in Indiana right now and it's one of the places that don't cost much. I am really trying to hard to reach my goal and get there. With effort and determination I agree this guy can do it.

Caring what other people think is probably the biggest indicator or snag that holds a person back from truly pressing forward to living and managing money differently, changing their family tree.

So glad part of this debt is the house.

I'm glad they talked about what the community is going to say... He needs the heads up.

Sell the house and start over... clear the debt now

@4ft3rburn3r

3 жыл бұрын

I was thinking the same thing. He bought too much house.

@libertyor556

3 жыл бұрын

Surprised Dave said otherwise. He can save a new down so quick

@mc98912

3 жыл бұрын

Rent out the house and live in a cheap bachelor apt. When his debts are settled in a couple years he can move back in. Not worth paying the fees associated with selling and buying for 2-3 years.

@kellyy9349

3 жыл бұрын

In CA, it is not much of a house! Just like Northern Virginia. He still need a place to live no matter what! Keep the house. Rent out any extra room to payoff debt faster.

@armandol1826

3 жыл бұрын

@@4ft3rburn3r too much house? That's like buying dirt in LA. Our Santa Monica home went up 35x in 19 years.

Didn't he say he owes 22G on a timeshare ? I would think that should be the first thing to go. He sure isn't going to be using it.

@chrisstaub5880

3 жыл бұрын

Getting rid of a timeshare is easier said than done. You literally can't give them away.

@jimklemens5018

2 жыл бұрын

How would he get rid of a timeshare contract?

Whew... thank God! I was relieved as the conversation went along lol

I lost it when he said he had a timeshare. Why people in debt buy money pits is a puzzle to me.

Mah dude!!!! I'm going for my Nurse Practitioner degree right now!!! Fellow Nurse!

@wshelby83

3 жыл бұрын

Congratulations!!! Do your thing!!!!!

The guy was single and sounds young. I'm surprised they didnt suggest him renting out the house for a couple years and living in a bachelor apt. The guys going to be living on beans and rice, and working like a mad man, he doesn't need to impress anyone living in a house.

I love that he know "he can do it"! I'm wishing you the best of luck, I believe you can do it too!

dude, your not in debt, your house can cover all your obligations. Sell your house & pay off all your debt obligations.

@666dynomax

3 жыл бұрын

I've never heard ramsey say that unless the house payments on a 15 are more than 25%

@TheAazah

3 жыл бұрын

Than he has to rent there's not much security to that plus he lives in LA I think houses there go up like wildfire. So it be an waste to just sell it.

@CammieKN

3 жыл бұрын

@@TheAazah exactly!

@jimklemens5018

2 жыл бұрын

Only an idiot would sell their house in California.

@bnepaul9268

2 жыл бұрын

Very good advice he's also young with a good job he can start all over again maybe even buy a nicer house down the line later and happy be did

Fear Debt Eat at home Live below your means

Learn how to budget at an early age, and understand the difference between "need" and "want".

@PInk77W1

3 жыл бұрын

“I said no when I wanted to say yes” Caller on Dave Ramsey who paid off her debt

@ajh.4131

3 жыл бұрын

Also learning to live below your means. I think that’s a challenge for a lot of people.

This isn’t as bad as I thought it was going to be! Sell the house and use the proceeds to pay off the student loans. Then 100% focus on the remaining debt. You can buy a house in 4-5 years.

What an interesting call. Interesting life choices. Interesting new focus. Good video guys. I learned a bit about someone else’s complex life. My life is fairly simple so sometimes I like to hear how others go about things. Even if not the best choices.

The key to life is hope. Trust me, everyone. Just one small spark inside of you can turn into a raging flame! Its such an incredible feeling 😢😢😢

I would sell the house, pay the rest of the debt in less than a year and move to Texas.

@bindingcurve

3 жыл бұрын

Time to leave if you can.

@stonecoldtim

3 жыл бұрын

Great advice. You need your own radio show.😊

@28goldenboy

3 жыл бұрын

@@stonecoldtim I am looking for a secondary gig haha

@pterodactyl1994

3 жыл бұрын

We are full, try Arizona

@bindingcurve

3 жыл бұрын

@@pterodactyl1994 So all the businesses should move to Arizona as well? But your right, hard working highly skilled in demand workers should stay out :) And I will be happy to stay off your lawn.

Man I hope he listens and takes this advice seriously. I would love to see him come to the studio and scream out "I’m debt free!" He seems like a decent guy.

Did I hear 20k In timeshares and he’s not even married? 😂. You just going to chill on your own? Sell the home and use the proceeds to pay the student loan! How awesome would that be

@scotttracy9333

3 жыл бұрын

To be fair he did acknowledge he's made mistakes. He's manning up. Good for him

@chanoy._v8758

3 жыл бұрын

Bring someone?

Sell the house, you don’t need it as a single unmarried guy with no kids

@leadnsteel1428

3 жыл бұрын

He can rent for a while

@Jon-op1pr

3 жыл бұрын

single unmarried guy can do whatever the eff he wants lol

@christinebutler7630

3 жыл бұрын

Don't rent. Rent will be more than mortgage. By a $2000 van for cash, live in it, shower at the hospital.

6:02 is legendary "if broke people make fun of your financial plan, you are always on track!"

@deadnysde7999

3 жыл бұрын

For assistance reach out to me

@deadnysde7999

3 жыл бұрын

Caring what other people think is such a pervasive problem

He needs to move out of LA if he wants to do this. The LA culture is terrible for saving money

@Vydio

3 жыл бұрын

But would he get the same amount of income somewhere else?

@RolexCowboy

3 жыл бұрын

Stupid comment. Where you live shouldn’t dictate propensity to save and spending habits.

@alp.9672

3 жыл бұрын

@@Vydio actually yes, he is. Nurse practitioner is a 6 figure job. Look it up for Wyoming or East Coast.

@jfloresdrums

3 жыл бұрын

Nah he's good! The people that want to leave are the ones that can't afford it. He's perfectly comfortable here.

@ezyryder11

3 жыл бұрын

Graham Stephen saved plenty in LA, just make your own iced coffee

I think the 150k degree was worth it for his income! He could pay it off in 2.5 years on his income and then just watch as his income grows to 180k (as he said), no student loans. People just don’t wanna buckle down and sacrifice to pay it down.

i soooo wish we had someone like Dave here in the UK! the tools and guidance that he has to offer is amazing!

@wewhoareabouttodiesaluteyo9303

3 жыл бұрын

Convert everything from USD to pounds.

@rebecapowers

3 жыл бұрын

We can also arrange classes using zoom. Let me know if you would be interested in joining a class, and get others to sign up for it.

I love the start of every video with the guitar riff

I am surprised he was OK with keeping the house.

He's a single guy making $134K. Uncle Sam is probably hitting him close to 40% in taxes. Which means, he's bringing in only about $80K a year.

@0:05 buddys already laughing before he even speaks lol.

When I get ready to buy something, I change my mind and place that money in the other pocket and instantly place it in my bank and make a payment.

if you work until your eyes cross, there is a bigger problem than the debt lol

That income is fabulous for a first gen student, and anybody in general. Big Congrats!

These callers ask some basic questions and get basic answer. I think they know what to do, they just need to talk to someone (like an emotional support).

@danielponder690

3 жыл бұрын

it comes off a bit bragging too frankly...over half is in a mortgage...a lot of people can't even own a home

My debt free scream is in 12-14 months. I can not wait.

@josephinebournes8212

3 жыл бұрын

You got this 👏🏾👏🏾👏🏾

@rachelrochelle3714

3 жыл бұрын

congratulations!

He can clean this up but he will have to be very focused.

I’ll be honest I think he’s more confused about the house like he thinks the 500k in house debt is in the same realm as the 220k but that FPU will help him understand

When reality sinks in and they realize the work involved to get out of debt, you hear the tone in their voice change real quick lol. He can do it though, will be worth it.

Debts are like children: the smaller they are the more noise they make.

@sami-9233

3 жыл бұрын

Really

@mbank3832

3 жыл бұрын

Also, they both tie you down

The fact that Dave said he wouldn't have known what to tell this guy if the debt was in the form of student loans, says it all.

@letaravas9643

2 жыл бұрын

What Dave means by that is if you don't have a great income it will take forever to pay it off and too many people go way into debt with student loans then get low paying jobs and wonder why they struggle. When people have a bunch of debt but they are making 100k and more in a high income career then the path is shorter and more manageable.

“Be working so much your eyes are crossed” Hey! As somebody has to see a nurse practitioner from time to time I’m not sure how I feel about that!😹🤣😹

"TIME SHARE" and the You know problem.

He’s in a good place !

He’s gonna be just fine .😊

Caller: I make $1million a year Dave: You need to start living on rice and beans.

@messywalk

3 жыл бұрын

😂

@jesslvrde6027

3 жыл бұрын

😁😂😂

This guy is not doing bad at all, to habe accomplished all of this and he is not even 30 years old. He will definitely listen to Dave's advice to become close to being debt free.

He needs to automate those $75k throughout the year in paying off his debt or else he will most likely slip and fall off track. Its easy to say “ill pay it down next week” and forget about it. Excuses are easy but facing your problems is where people make excuses to face them. Listen to Dave and pay it off soon rather than later be in a bigger hole.

@stevenporter863

3 жыл бұрын

The caller is gonna follow the plan

@jimklemens5018

2 жыл бұрын

He could take 10 years to pay everything off. If he keeps the house, it will go up in value by at least 50%.

He can do this!!! I believe in him.

@unnamedchannel1237

2 жыл бұрын

I believe in all of us

I would sell my house and rent for a yr and be debt free with little or no problem. And start over with making 130k and find a small house in a yr or to of saving money

@CammieKN

3 жыл бұрын

With his income. Its more than doable to payoff. Housing prices in LA good neighborhood only goes up. Not worth it to sell and buy later.

@relyk226notnroht4

3 жыл бұрын

@@CammieKN good point cost of living has to be considered but for me he is working more than he is home doesnt really need a big place to sleep I would sell and rent a small apartment. You can rent a still save money his net worth would go down but that dont really matter atm. That's just my opinion.

@relyk226notnroht4

3 жыл бұрын

@@CammieKN and I'm saying sell and use the sell to pay off debts

@nickblooruk

3 жыл бұрын

@@relyk226notnroht4 I would agree in most instances. If he can afford his mortgage in LA though and builds up an emergency fund, the value of it will only go up.

If you live in LA county and he got a house for that price, he's very lucky. Do not ever sell the house. It is way too expensive to buy a house in LA. in 2024

Rent the house or part of it.

"It just depends on how quickly you want to do this and how deeply you want to sacrifice."

I'm always wondering what do they write apart from the numbers

Nice work 🌠🎆✨

That is just way too much house for that income. I don’t understand why Dave said to keep the house.

@choreomaniac

3 жыл бұрын

It’s LA. It could be a two bedroom for 750k. He may only be paying 3-4 percent on the loan. He might be paying more in rent if he sells the house than in mortgage and property tax and have nothing to show for it in equity in 10 years.

Take a shot everytime thr caller says " ya know"

@annajones9701

3 жыл бұрын

Grow up

@a-a-ronbrowser1486

3 жыл бұрын

that was driving me crazy too

@ajh.4131

3 жыл бұрын

Didn’t even notice. Glad I saw this comment after watching the video 😂

Take a drink every time caller says “ ya know”

He is going to be ok.

Dave "You married ?" Guy " No" Dave " cool"

The fastest way to get out of those stupid debts is to cash out refinance. Take the $200k out of your equity and pay off all your loans in one week. The rates right now is 2.2-2.5% its below inflation! The house will appreciate over time and you are paying one debt off which is under your mortgage.

How do i get hold of Dave financial track ,please mr Dave I need to sign up someone help me

even if he wanted to go to a restaurant he couldnt theyre all closed

@chrisstaub5880

3 жыл бұрын

Plenty of restaurants still do delivery or carryout.

Is there anyone in debt on lower incomes??? I would love to hear those stories/miracles. I guess more money more problems....

I wonder if people call in to try and get Dave Ramsey program resources for free sometimes

We need some beans and rice, rice and beans merch

“Something good involved here” Dave always puts peoples careers down lol

I’m so glad he said neither about the profession. A lot NP’s would say they’re a doctor lol

@marianemashkalo4182

3 жыл бұрын

What is NP? enlighten a foreigner, he chewed the letters , I did not hear what he said:)

@marianemashkalo4182

3 жыл бұрын

oh, I see it in the comments now- nurse practitioner. I thought i heard 'neuro'-smth

Sell the house wipe the debt, lose the timeshare somehow (the probably hardest part), then save for another downpayment buy another house

Dave where else do you get a loan from? The bank 😄

Sacrifice is never easy or it is no true sacrifice.

There is no way the house payment is 25% of his income. Which means he may want to sell the house

Beans and rice, eat, sleep repeat. Saturday Sunday partying, destroyed Dave’s plan lol

He’s in great shap as a NP

My goodness when I heard 700k and I was crapping my self until he said it was mostly mortgage

His situation isn’t even that bad ...

135k for a nurse practioner in California is low.

@charlesrichards2632

3 жыл бұрын

May be 1-2 years out of school. May be crossing the 3-5 year threshold and why the increase to 150-180

@sergiopabon1387

3 жыл бұрын

@@charlesrichards2632 probably right

Frijoles con sopa de fideo all day baby. A little bit of pico de gallo wouldn't hurt.

I think as soon as you can get your income to be bigger than your debt (besides the mortgage), you can breathe a little easier. Ideally no one should start out with more debt than their starting salary, which was the case for me (oops), but with time that divide keeps growing, in the good direction 😄

God help Dave's plan if the cost of rice and beans goes up.

@evalina98000

3 жыл бұрын

🤣

I wanna call in just to get to talk to Kelly

@nickl8192

3 жыл бұрын

Rice and beans! I'm dead 😆

I think Dave forgets about taxes.... $6k per month is still likely difficult on that income.

@ericcanady1637

3 жыл бұрын

Dave always breaks down his game plan pre-tax.... I have no idea why?!?

@ericcanady1637

3 жыл бұрын

Plus California is one of THE most taxed States!

Dave. NP are salary not hourly. Overtime is part of the job.

What's a timeshare?

Dude is in great shape for a bright future

keep the house and rent out rooms!! = extra cash and keep paying off the house!