Solar panel sales guy said, "We can cut your electric bill in half!" My electric bill is $110 per month. I said, "So you're going to save me $55 a month? That's $660 a year, and at that rate it will take 30 years to recoup my investment." He hung up.

@drprofessorpowersport

2 жыл бұрын

how long does it take to recoup your investment on your home?

@coniccinoc

2 жыл бұрын

@@drprofessorpowersport Solar panels leak. Anyone who tells you different is either trying to sell solar panels or trying to sell their leaky roof solar panel house.

@rayjgold

2 жыл бұрын

@@drprofessorpowersport You recoup as soon as you sell.... and in most cases, you get more than you invested. The only other option is to rent, and your rent is never recouped.

@JON-hb1mv

2 жыл бұрын

@@rayjgold You'd have to pay off your mortgage first so on average it would take over 30 years to recoup your principal investment... not even talking about interest

@drprofessorpowersport

2 жыл бұрын

@@rayjgold how is that different from solar? Aside from the fact it might not appreciate. The only other option is to "rent" from the utility company, which you never see a return on.

She's not laughing because she thinks it's a joke. It's her defense mechanism. Good thing Dave put her on the plan. They need it.

@stellarocquie7957

2 жыл бұрын

He "put" her on nothing. She isn't going to follow through.

@brockreynolds870

2 жыл бұрын

Yes.... Dave and many other people are too stupid to recognize nervous laughter.

@kishaanderson2947

2 жыл бұрын

Exactly.. She's nervous and anxious for sure. Sometimes I laughed under pressure because you fell guilty airing your faults, especially on national radio! I hoped she started the plan and continues to follow through.

@katemiller7874

Жыл бұрын

Ya she’s nervous.

@katemiller7874

Жыл бұрын

Ben- she has a child.

I've been in financial trouble before. Now, I own my car, I own my house and I have zero debt. I don't have a ton of money, but it is cheap to live if you have no debt. My rule of thumb, don't jeopardize my savings, and if I can't easily pay cash for it, I can't afford it. Also, just because I can afford it doesn't mean I need it; needs v. wants. The only bills I get are utilities; I can't tell you how good that feels.

@darabowen8077

Жыл бұрын

We are.right with you!!! It's great to not have the burden of debt!! 20+ years ago were my debt battles!

@andrewt9521

Жыл бұрын

No debt is awesome but only bills are utilities? What about property taxes, insurance, phone bill, car insurance, internet, Netflix…. I would love no debt and am working on it but living a “normal” life in the US is expensive.

@southernbelle2478

Жыл бұрын

You dont have phone bill or car insurence

@peartfaldo

Жыл бұрын

wants mean you're bored. go for a walk.....that "thing" you think you want will be sitting in the corner in a month gathering dust....

@cafsixtieslover

Жыл бұрын

@@andrewt9521 I have a friend who calls me greedy because I am still working full time at pension age. According to her I because I have no mortgage and "your only other bills are utilities" I can afford to cut my income in half. I said what about everything else not to mention saving for emergencies?

Solar panel with a loans and house debt is literally the epitome of debt on top of debt.

@joanmvalentine

2 жыл бұрын

😆😆😆

@barrycook8116

2 жыл бұрын

Fact!

@TimeisUp22

2 жыл бұрын

My dad was able to get them for free through insurance, I’m curious why they weren’t offered that route as well.

@barrycook8116

2 жыл бұрын

@@TimeisUp22 how was he able to get them for free from insurance? The insurance doesn’t just hang out free money…

@TimeisUp22

2 жыл бұрын

@@barrycook8116 I have no idea. It had to be either home owners or life insurance. But thats my assumption, I assumed thats what everyone was doing at that time. Ill ask him tomorrow.

A few years ago my home caught fire. The fire department was able to save my home thank God but as I was helpless watching my roof burn I had an epiphany, "it's just stuff!!" You don't need stuff to make you happy. The moment you stop wasting money on "stuff" your financial worries get less and less.

@dianehess5520

5 ай бұрын

I agree but we all need a roof over our heads. Can’t afford to buy? then rent. Life is pretty simple until we take big stupid steps in the wrong direction.

@pb577

4 ай бұрын

I say that line also: "it's just stuff" ever since a huge tree fell on our house. No one was killed or injured and that's all that matters. The rest is covered by insurance and it's replaceable.

Definitely don't sell the house. Rent will cost more than your house payment. And they are going to raise the rent so high that noone can afford to live.

@nicholegallo1090

2 жыл бұрын

Yep. My parents rented all while my mom was alive till 2013, and in those 25 years they were together (they met in their 20s and 30s) - the rent went up 65% a joke. Now my dad is a single father living with us and owns his fathers old house.

@leadnsteel1428

2 жыл бұрын

It's sad. Renting in a big city is just too expensive

@bik3r230

2 жыл бұрын

No it wont lol

@original8616

2 жыл бұрын

Yeah Dave shouldn't have said that

28 күн бұрын

If none can afford to live the city will become empty. Is that something you think that can happen?

This lady is wise to have called into the show. She is not stupid just afraid and has a way out. The question is does she and her husband have the willingness to make change. Change is hard.

@vickieclark5931

2 жыл бұрын

At least in this situation they have quite a bit of equity in their home. So if worse came to worse, they can sell their house and start over. Most don't have that ability. This couple is far from being bankrupt.

@DNA350ppm

2 жыл бұрын

I wonder why the husband didn't call in - why did he let her do it, is he angry at her for impulse-spending, does he feel ashamed for buying the solarpanels, is he reluctant to admit they need to start anew? Such emotional aspects need to be discussed kindly, unjudgementally, and come up on the table and be solved together.

@theoriginallewbert

2 жыл бұрын

Lady is pretty dumb. Math is hard for them.

@FR-tb7xh

Жыл бұрын

Drinking the coolaid to buy Solar panels was stupid.

@FancyRPGCanada

4 ай бұрын

I love that the guys on this show understand that people get overwhelmed and stressed and stop thinking logically. They’re in fight or flight. Dave and co are here to help literally knock some sense into people, with love of course

Selling the house is rarely the answer anymore. I sold my house in 2010 and started from scratch and for 10 years my rent increased literally more than my annual pay increase. Now bought another house, I’d rather be broke with a roof and equity than broke and covering landlords increase each year.

I don’t know if selling their house is the right idea with the rising rent in America. I think their house will help shield them.

@sobeliever1638

2 жыл бұрын

Agreed rheny need more income

@sarahmc8309

2 жыл бұрын

Yep ! More income and budget and get rid that 15k debt for a start !

@matthewgardner2144

2 жыл бұрын

If caller got a job making 40K or so a year they'd have the debt taken care of in a few months. Plus invest and plan for the future and build equity in their house. The husband has a child support obligation, this all should have been in their long-term planning when they got together and had a kid. And having the other kid is fine, and he will also be fine in daycare/preschool. They also need to go through their budget. line item by line item. "Breathe" is the best advice. Dave & Co. were spot on with this caller.

I've been debt free since 2005 and it feels wonderful!

@turtleanton6539

6 ай бұрын

I get thst 😊

@JeffThompson-ny8ih

4 ай бұрын

Not really you still pay a electric bill and pay for gas and pay taxes we are all in debt too the very end of are lives I have 300k put away and I still feel like I'm in constant debt when I open the mailbox

@ElJefe360

4 ай бұрын

Are you a Millionaire now?

@BillyTimes-dw7vs

3 ай бұрын

If your not free and clear on your mortgage your not debt free but you are congratulations 👏

@bonin8448

3 ай бұрын

im 34 and have like 55k in debt ive been young and dumb i know ive was spending more than i made now i know better and can get out of this quickly i can imagine how nice it feels dwbt free before i came to USA from Mexico i was debt free

Dave: “Better than I deserve. How are you?” Caller: “I’m great! We’re broke and don’t know what to do!”

@karlabritfeld7104

Жыл бұрын

Hahaha

@okiebrown6201

Жыл бұрын

My first thought when I heard it!!

@FancyRPGCanada

4 ай бұрын

It’s so weird how we default to say we’re okay isn’t it? She’s probably meaning her health

@pl9915

Ай бұрын

My health ain’t even ok . Good news is all they want to hear . They don’t like it when I’m down .

She agrees with everything but doesn’t seem like they will do it. I meet ppl like this all the time.

@Nonameagain80

2 жыл бұрын

I know some of them

@drewdelaney4166

2 жыл бұрын

Sometimes depression is so powerful you can’t create any reason to change

@bluegillmich

2 жыл бұрын

Before i read your comment , i thought the same thing. Lots of laughter in this caller. Giggle,giggle..

@joeltroughton3021

2 жыл бұрын

Lol yup

@kristinab1078

2 жыл бұрын

She took the initiative to call. That's something. So yes, I think she will try.

I believe most people think "If I can afford the payment, I can afford it." Change your thinking! "If I cannot purchase it in cash in full, I cannot afford it." Another thing about purchasing stuff with debt is if it can legally be taken away from you for any reason (i.e. failure to make payments) is it REALLY yours?

@brianparrett114

2 жыл бұрын

Here in Texas if you don't pay your property tax bill the county can take your house even when you own it free a d clear without any mortgage or other liens on it. So is it ever really your house?

@johnSmith-uz8nl

2 жыл бұрын

Purchasing in cash in full does not mean you can afford it. You need to save and put away money for retirement. Just buy what you need and live below your means and take your savings and invest it wisely. I will tell you that my co-workers have made fun of me due to how frugal I am.... now they don't laugh at me anymore and I am twice or ten time more wealthy then any of them including my boss and my bosses boss.

@bobbyb7672

2 жыл бұрын

💯💯💯

@andrewneilson227

2 жыл бұрын

DING DING DING we have a winner

@stevenporter863

2 жыл бұрын

@@brianparrett114 To answer your question about a house, not really. Even if paid off there is always a 'lein' on it because of taxes. Most people miss that, thinking the paid off house is theirs no matter what.

A rental at this point would probably be more expensive than staying in the house.

@leadnsteel1428

2 жыл бұрын

I'm Canadian and house prices are ridiculous here. I bought cheap don't know how future generations will afford it

@bobs182

2 жыл бұрын

@@leadnsteel1428 I suspect housing will become a bit lower within the next few years. People's incomes aren't going up at the rate that housing is going up which will soften demand.

@kcblues2sherwood652

Жыл бұрын

exactly!

@marcelosantana9311

Жыл бұрын

I feel sorry for anybody renting. It is just crushing.

@toddmaek5436

Жыл бұрын

All depends on where you are renting

She reminds me of myself I'm very unorganized I thought I was broke till I looked at my income taxes WHERE DID ALL THAT MONEY GOOO but I've been learning about managing my money being more organized and thanks to shows like these I've given up the monthly payments lifestyle and I'm about to pay off all my debt little by little and after I will invest !

@losmit2194

8 ай бұрын

Update???

How can people live like this? What boggles the mind is that most people live this way and think it's normal. This is freaking crazy!

@christophermartin972

2 жыл бұрын

As a reformed liver of this type of lifestyle I can only say that it kindve creeps up on ya and slowly becomes normal. I can only see it clearly now through the benefit of hindsight.

@scottgould6590

2 жыл бұрын

Christopher Martin, experience is often the best teacher.

@VHale-yz7hc

2 жыл бұрын

It’s like anything the craziest stuff seems normal if you’re in it long enough

@bobs182

2 жыл бұрын

They just keep buying one more thing that they "need". American garages are full of things that people could live without and leaving no protected place for their cars.

@princessvivianna

2 жыл бұрын

You have to live within your means.

Honestly just sitting down and making a weekly/monthly budget on a simple Excel sheet makes such a difference! It helps you to have a visual of how much is going in and out, and you can see what you can cut back on/how much you can spend. It has been a life saver for me.

@toddprater14

Жыл бұрын

Excel sheet,that’s advanced.I used a good old mead spiral notebook paper 😊

@mow_1073

Жыл бұрын

Well said !

@reginacameron3011

9 ай бұрын

yes it really helps I love mine and have shared it with friends.

@losmit2194

8 ай бұрын

Im.going to implement this

@bia_dev

8 ай бұрын

I've been doing this for about 2 years and it brings so much peace of mind! I know where every Real goes and so far I've accomplished lots of things.

"We don't owe anything on cars. One is rent-to-own." How is this not a debt? These people are a laughing mess.

@karlabritfeld7104

Жыл бұрын

Americans are car crazy but don't own houses. Id rather drive a clunker so I can have a paid off place to live and not worry.

@Liv2Pnt

Жыл бұрын

I think she meant it as there wasn't a loan with interest for it. She can give it back to the friend they're renting it from and not have a loan balance to pay off, or penalties, or anything like that.

@matthewgardner2144

Жыл бұрын

@@Liv2Pnt Here's how to make it do: save $$ for a replacement car and pay in cash, not wacky rent-to-own schemes with friends (which will fall apart) or financed through a car dealership. That's how it's done.

@benkelley6561

Жыл бұрын

Yeah. A friend of mine recently bought a new home theater system and stand. I thought it was really cool until he said the whole setup is $179 per month. I think from a rent a center. In ten months you would have paid off your TV if it's a nice one.

@imnitguy

9 ай бұрын

@@benkelley6561 dude, I buy TCL Roku TVs from Walmart for my furnished rental homes. *I literally paid $248 for 65" TVs during black Friday last year. That people with no means will spend almost $2000 on a 12 months commitment for a lesser TV than Walmart sells for under $250 I will never understand.* Of course I'm 50 and drive a Honda Fit so clearly I don't care what people think about me. At all!

"Of course I don't want to resent my stepdaughter".....and Dave talked right over this sad, yet revealing comment. It clearly shows that she does not hold herself accountable for failing to control her spending.

@rayhill5767

2 жыл бұрын

She resents her stepdaughter

@Sasha0406

2 жыл бұрын

THIS!! That’s exactly what I heard too! She resents the step-daughter. Why even mention “after child support” in the very beginning? I knew right then and there she resents the step-daughter.

@cloudedcolour5329

2 жыл бұрын

@@Sasha0406 probably because his net pay would be maybe double, then CS takes a chunk of change out of it

@karlabritfeld7104

Жыл бұрын

She blames the kid for their problems.

@melissab0515

Жыл бұрын

@@cloudedcolour5329 no way. My ex makes about what this guy does and I receive $100 per week to support our son.

Dave should tell every caller to Never ever buy a timeshare.

If you really want to save money on your electric bill, just turn off the lights in rooms your not in.

@786otto

2 жыл бұрын

Hahaha,exactly.

@katemiller7874

Жыл бұрын

Lights are minimal with electricity. The big ones are heat and air condition

@queenbee3647

Жыл бұрын

Thank you! My husband never made the connection of lights on and tv blaring all evening = big electric bill. 👍

@erickottke9673

10 ай бұрын

If you left all your lights and TV's on all time that would be something like 150 watts. The refrigerator is something like 200 watts by itself and the air conditioner or heat pump is something like 4000 watts. If you're talking about lights you're looking in the wrong place for savings.

@sct4040

4 ай бұрын

@@queenbee3647 buy LED lightbulbs and change them all.

Golden rule: If you can't buy it twice, then you shouldn't buy it.

@flaqko5686

2 жыл бұрын

Doesn't work with houses

@ericdahl2915

2 жыл бұрын

Works with toasters. Not cars

@jinzukinoha7424

Жыл бұрын

@@ericdahl2915 😆

@jeffjurasek6656

Жыл бұрын

works with everything use to buy cheap car parts and regretted it each time now i do it right the first time i step back look at the situation my money my time lines for all things

@emanuelriquelme1133

Жыл бұрын

Only buy wants with passive income 🤴🤴🤴

When Dave said "better than I deserve".. caller laughed. She is broke

@katemiller7874

Жыл бұрын

Nervous laugh

Her laughing annoyed me initially but then realised it’s actually her natural defence when nervous. The salesman who sold them the $30k solar panels must be a genius because they might be saving maximum $100 a month!

@bobs182

2 жыл бұрын

Yes, not only are the cost of the solar panels not cost effective in reducing their power bill but they have to be removed to replace or fix the roof. At $100 a month it would take 300 months to pay for the panels not counting interest. There are also repair bills during the life of the panels. Also, when you sell your house the panel debt comes out of the proceeds from the sale.

@w.andrewmeloni4723

2 жыл бұрын

Yes, almost as crazy a financing $300K for a home when you can rent for $1300 / month

@mitchhedberg4415

2 жыл бұрын

@@w.andrewmeloni4723 Except a 1 bedroom apartment is 1300 a month, A 300k home is $3k to rent. They have equity in their home already, you never get any in an apartment. If they keep the home they will have a nearly free place to live come retirement time.

@skylarmartin2050

Жыл бұрын

Where are you renting where you can find an apt for 1300 - my area you can’t

@canatolakhoemini6728

Жыл бұрын

I don't think that he's much of a genius, rather her husband and her are very unintelligent.

The caller sounds so sweet. I wish her all the best .........and the strength to run off the ‘double-pane-window’-sales guy!

@dcg590

2 жыл бұрын

She’s not sweet. She needs to work and she won’t

@slamdunkslamdunk6995

2 жыл бұрын

@@dcg590 Don’t be jelly. jk. She sounded sweet. IDK if she truly is.

@kristinab1078

2 жыл бұрын

​@@dcg590 She would like to work from home because she has a young child at home. If she did work outside the home, it may not make that big of a dent after all the related costs with transportation and the cost of child care.

And just like that I feel BETTER about my life and finances.

$30,000 to "save money on electricity"???? There's your problem.

Listening to her and her reactions, I can see lots of positivity and energy in her. I am sure she will be out of the woods soon with maestro Mr. Ramsey on her side. Good luck, Jessica, and hats off to Sir for helping another in this sort of trouble.

@PurpleRose8725

6 ай бұрын

That's not positivity, she's breaking.

There is someone always in our neighborhood trying to sell solar panels. I tell them through my ring doorbell to keep it moving.

@jesuslovesyou916

2 жыл бұрын

Thanks for the laugh

@johnnyanderson3287

2 жыл бұрын

Did he look like the Monorail Guy from The Simpsons?? 😂😂

@littlebob1261

2 жыл бұрын

Imagine mocking someone that will save more money than you, while you pay a power bill until you die to ERCOT which left you in the cold while your lawmakes flew to Cancun

@BunkMasterFlex77

2 жыл бұрын

I say I'm going with a windmill in my backyard.

@brianparrett114

2 жыл бұрын

With Texas in your name, I assume you are from Texas... did you lose power during the winter storm of 2021?

If you’re not in California, buying solar may not be a good idea.

It's obvious that something doesn't typically work in your favor when they're coming door to door to sell it. In my central FL neighborhood, we get 5-10 solar salespeople a year knocking on the door, not to mention constant calls. If it was such a good thing for the homeowner financially, they wouldn't need to be knocking down doors to get customers, they'd be so far backed up with demand that the customers would come to them.

@lemongrass3945

2 жыл бұрын

It depends where you live honestly. You live in Washington state solar panels are not worth it. You live in a state like Arizona its worth it

@karlabritfeld7104

Жыл бұрын

@@lemongrass3945 hahahaha, I used to live in Oregon. We definitely didn't need solar panels.

@katemiller7874

Жыл бұрын

Same. I’m in Ohio.

@thomaswilliam5870

15 күн бұрын

And every time they come by they say how all the neighbors are signing up yet years later no one in the neighborhood has any panels up.

The house gives you a psychological crutch. It can calm down the debt panics. It will give you the calmness to make good decisions. Excellent.

They don''t have a budget, she doesn't know where their money goes

Never get involved with someone who has baggage from previous relationships. She said we have child support. Nah. You got linked up with someone who owes child support.

If you dont have cash for it dont pay for it !

100% self inflicted. You put 30k dollar solar panels on a 300k dollar house

@mxerb5912

2 жыл бұрын

@@saulgoodman2018 you pay 30k in power?

@Mactakun

2 жыл бұрын

@@mxerb5912 I think he means if the monthly payment for the solar panels is less than the monthly payment for electricity. Not likely though.

@mxerb5912

2 жыл бұрын

@@Mactakun doesn’t matter At 200 bucks a month, it takes 12.5 years to return your money. Hoping that the equipment lasts that long. You could have doubled your money in that time

@paulvarjak7378

2 жыл бұрын

@@saulgoodman2018 I've run the numbers many times. When you take into consideration the limited lifespan of the panels you always end up in the red.

@austininflorida

2 жыл бұрын

@@paulvarjak7378 Don't forget that the loan or lease on the panels can make the house a nightmare to sell if you need to move. You have to really read the fine print on deals like that.

spend 30k to save a 150 a month electric bill lol

@DIAMONDGIRL57

2 жыл бұрын

🤦🏽‍♀️🤦🏽‍♀️🤦🏽‍♀️

@bettysmith4527

2 жыл бұрын

No even, probably like 50 bucks, if that!

@christophermartin972

2 жыл бұрын

Their great, great grandchildren may reap the benefits in 80 yrs 😂

@secretpal6039

Жыл бұрын

Yeah, not too bright.

@Mimi_fiufiu_coquito

5 ай бұрын

Why are her solar panels so expensive 😮?

Just… wow 😳 The solar panels thing is really blowing my mind.

@tonybryant7846

2 жыл бұрын

lol....talk about the "green new deal"....lol

@vickieclark5931

2 жыл бұрын

@@tonybryant7846 LOL. IKR? People that purchase these solar panels prove that there is a sucker born everyday.

@mikehurt3290

2 жыл бұрын

I have a friend who sells solar panels and say it's so easy and makes a lot of money, he said one of his smaller deals was 46k for the panels

@erickottke9673

10 ай бұрын

​@@davidwanklyn8842I would die laughing. She would be my hero if she did that.

@fire12731

2 ай бұрын

I’m mind blown too . ridiculous to buy them 🤦‍♀️🤦‍♀️🤦‍♀️

Love listening to thos motivation. Keep going guys.

Always impressed that all these callers have all their numbers at their fingertips. At least they know where they’re at.

They can’t stop spending you can tell in her voice that she is not taking these calls seriously just keep saying yeah “I know I know” which means she’s going to keep doing it. the desperation in the voice is not there yet.

@katemiller7874

Жыл бұрын

She’s laughing because she’s nervous.

Keep on keeping on the budget....this brings HOPE

If the rent will cost as much as the mortgage. It does not make sense to me sell the house.

This reminds me of til debt do us part. The organizational tips Gail gave really helped.

@katiebrent3332

Жыл бұрын

Great show! I've saved a lot of money taking her advice 😃

I'd like to see a follow-up with them in a year or so!

Fast forward one year and selling the house to cash out the equity won't be an option. All that equity is about to evaporate as the housing bubble collapses.

I get the vibe that as a couple you didn't help each other to give your best, each and together. How is it working now with a budget and a goal that will depend on both doing what you are capable of, when you really show off? Don't fear other people's envy, you might as well be many people's inspiration!

She need to go to work and help her husband. These times require a two-income household. You should never let our spouses struggle to pay bills. Even if she works part time ; it’s better than nothing.

@candacelittle1807

22 күн бұрын

Not if child is an issue.. hopefully, she can get something that works for their situation.

@rebeckawoods6093

22 күн бұрын

Depends on the cost of child care versus after tax income

If I was them, I would sell the $300k house, pay off the $45k debt with the proceeds and buy a $230-$250k townhome or condo and get a clean slate.

@king-nick2023

2 жыл бұрын

Instead they need a 3 bedroom mobile home

@thullraven1

2 жыл бұрын

@@king-nick2023 Even Mobile Homes are going up in price and unless they also own the land, they have to pay rent on the space which can be nearly as high as a mortgage in some places. Better off getting the condo or townhome. The HOA is substantially lower and will include exterior maintenance in most cases.

@king-nick2023

2 жыл бұрын

@@thullraven1 that all depends… some places offer rent control.. also if you do what’s called a “co op” if I’m correct.. that’s where people come together and buy the land to split.. no rent just property taxes

@thullraven1

2 жыл бұрын

@@king-nick2023 That's true Bro, but there aren't many of those areas compared to what I described. I was in a similar situation. I sold my house and bought a townhome outright. No mortgage, no car payment. No debt of any kind. All my debt went bye bye. I have a beautiful yard and pool area that I DON'T have to maintain and I'm right near the park with bike and jogging trails. They can do what I did and get a fresh start.

@king-nick2023

2 жыл бұрын

@@thullraven1 I’m not saying your wrong.. I’m saying that their is more than one option available… yours is just one.. there are people with paid off mobile homes and have the same life style.. everyone’s needs are different

I hear people screaming this doesnt work. a year later, house is paid off, land is paid off, two cars almost paid off and I can see the light at the end of the tunnel. The whole time, I am still an alcoholic. it could have been easier but it definetly works. Time goes by slower though when you drink.

You can't afford to stay home unless you can get a work at home job, not business, job.

@dorianfranklin1399

2 ай бұрын

Not true. It requires some sacrifices of material things and strict budgeting but it can be done. I did it!

Great content as always, thumbs up to this channel.

I hope that "home business" isn't an MLM, cuz if it is.. giiiirl drop that thing like a bad habit, it's only stealing your money.

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?

@John-bd9fj4435

3 ай бұрын

sounds great! please I will appreciate your assistance on how to go about it, who's your investor and how good is your investor..

@John-bd9fj4435

3 ай бұрын

I am going to look her up, I have about $81k i want to start with....

@Anthony-cp7yc6655

3 ай бұрын

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

@ethanriley2939

3 ай бұрын

Just invest in index funds. You're never going to be successful picking individual stocks, that's similar to gambling. If you spread your money out across (for example) the 500 largest companies you are almost guaranteed a safe and lucrative investment. In the history of the stock market, it has always gone up over long periods of time. Over the last 5 years the top 500 companies have averaged a 9% return per yearX

@bhe8336

2 ай бұрын

Don't trade. Invest. There is a difference.

Can't wait for the free electricity from the solar panels FORTY years from now.

@gonzaga45377

2 жыл бұрын

By then they will be on their 3rd set.

@vickieclark5931

2 жыл бұрын

Exactly! That's why to me solar panels don't make any sense. It's like buying an 80k electric car to save on gas.

@Jamie-rn8re

2 жыл бұрын

@@vickieclark5931 it’s amazing how many people disregard the cost of the car when working out how much fuel they would save with an ev

@billybeemus3929

2 жыл бұрын

Payback is closer to 10 years when you purchase your system up-front. Then you get free electricity for the next 15 to 20 years.

@sobeliever1638

2 жыл бұрын

@@vickieclark5931 enivornmentally they do

Hey 36 years old and they are super smart you know what she really needs to do is to need to accept the fact that she needs to go back to work outside the home

Having a 3 year is still expensive as well, I was paying $500 a month on daycare. I was so happy when he started kindergarten

She can get a job at a daycare or gym that way she can work and have her kids with her. The two of them can work it out so she can work at night or whatever time he can watch the kids.

@opizacharyuhaulhascomeinmy2139

2 жыл бұрын

Women don’t try they like being lazy

@cathy7824

2 жыл бұрын

@@opizacharyuhaulhascomeinmy2139 I am a woman. I work, most of the woman I know work as well.

@CourtneyRobinson

2 жыл бұрын

That is what I did with three then four. Worked teaching fitness, cleaned houses, kept peoples kids in the summer. All of this without a sitter. Worked when dad was home. It was hard but not forever.

@jacob_gang

Жыл бұрын

@@CourtneyRobinson Exactly! Creativity . And they grow so fast! Now I’m looking back at when they were babies and now they’re taller than me . I’m like omg this is a temporary situation .

Keep Pushin!

I never thought of a baby step zero of being sick and tired of being sick and tired. The step in which you have to decide whether or not you are going to start the baby steps.

I always come to this channel for a confidence boost when I'm feeling down. At least I can manage my own finances and struggle to understand how foolish and childish people are. Once you take ownership for your decisions, life gets easier... imagine that!

@Burnitoffwithbecki

Жыл бұрын

Absolutely

@ae3209

Жыл бұрын

Same 😆

she makes multiple statements about the step daughter... this is awkward.

@MrTmenzo

2 жыл бұрын

Just like yesterday's call too. Note to self women hate stepchildren huehue

@jeromehenry4484

2 жыл бұрын

Single people without children should not marry someone with children from prior relationship(s). It's just not possible to come out as top priority, nor your mutual children.

@triciabrown1462

2 жыл бұрын

Right? I think when Dave talked over her she said she doesn’t want to resent her stepdaughter. For what? Existing? And existing in her husband’s life before she met him? She already does resent her, and really the stepdaughter is a scapegoat for the couple’s stupid decisions. Sorry, stuff like this pisses me off because I was the stepdaughter. Every birthday I had to hear a countdown to when I would turn 18 and child support would end.

@christa3224

2 жыл бұрын

@@jeromehenry4484 I don't think that's always true. I have a friend who married a guy with four girls. Her husband has joint custody of them with his ex-wife. She loves those girls to death. That being said, they are far from broke, like the caller in this video...

This is a hard road to walk, but once you do it you never look at these the same way again. Good luck to this family. Hope things get better for them. I did it and I know others too, it's rough but it's worth it it the end I promise. 👍🤞

A very good decision she made, speaking up

I love how he asked Dave Dave always ask how are you and they say they’re great and then they dump their big story on them so they’re not great

@katemiller7874

Жыл бұрын

I think it’s a standard reply.

They need a budget and they need to stick to it. If they can do that, this mess can be turned around.

Masterfully articulated. Respects.

She first needs to stop blaming child support for their overspending. He should be supporting his child just as much as he supports their new child. They also made the bad financial decision to have a child they can't afford.

Car insurances, plates registration, inspections, gas, car maintenance sums - up money.

dont sell house, cause rent will be wayaay more than the mortgage. its gonna get really bad out here. mortgage does not go up every year. rent is increasing at 30-40% rate.

@brianparrett114

2 жыл бұрын

The P&I doesn't go up.. but the taxes and insurance can and will.

@jumpiam8477

2 жыл бұрын

No escrow. The mortgage will be the same for 30 years.

@brianparrett114

2 жыл бұрын

@@jumpiam8477 Do you to have to pay property taxes where you live? Do you not carry insurance on your home?

@jumpiam8477

2 жыл бұрын

@@brianparrett114 I do. I pay a house insurance and a property tax by myself. It's not in escrow. My mortgage payment doesn't go up and down because of that. That's what I mean.

@brianparrett114

2 жыл бұрын

@Randall V with my current mortgage my loan to value ratio was large enough that the lender didn't require me to setup an escrow. So I manage it myself and get the interest on my money rather than the lender. In my case, the payment to the lender will never change.

The running my career by default is so relatable to me!!!!

Great show.thanks.pj.👋👍⭐❤️

She agrees with everything he says. Sell the house "right". Don't sell the house " right". This was hearing active listening theather.

Dave did a good job working with her

Sounds like she was saying she doesn’t want to resent the child but Dave cut her off. If that’s her thoughts, she’s foolish. Child support isn’t the reason you’re broke.

@littlesongbird1

2 жыл бұрын

Exactly: it's based on her husband's income. She probably just wanted to be a stay at home wife and spend spend. Also it's not like she didn't know he had a daughter he was supporting?

@katemiller7874

Жыл бұрын

It’s taking away from his income.

I’m surprised with her listing her expenses and what she owes she didn’t figure out why she is broke. I saw the exchange of looks between Dave and George.

@brianparrett114

2 жыл бұрын

I wonder if there is hesitation to increase income because that can increase the child support payment.

@Ernster86

2 жыл бұрын

Lol I doubt she can figure out what 1 + 1 is. They are a lost cause...

@chief5981

2 жыл бұрын

@@Ernster86 hopeless. Eternally doomed.

@jeromehenry4484

2 жыл бұрын

Caller knew WHY they are broke; she didn't know how to turn it around. Wish Mr. Ramsey/George had asked caller what she did for a living before she was married, sounds like she needs to go back to work soon because she cannot afford to be SAHM.

@jeromehenry4484

2 жыл бұрын

@@brianparrett114 If caller goes back to work, that will not increase child support. But if husband makes significantly more, then possibly child support could be increased.

I hate when Dave acts like you can just easily double your income. If it were so easy we'd all do it.

@mirix1515

10 ай бұрын

Is not easy but is not impossible. If Dave would have said is difficult nobody would have tried.

@kathys1285

7 ай бұрын

Yes you can double your income and it only takes one or two little things

@iomis2001

7 ай бұрын

@@kathys1285 Maybe in fairytale land. It really depends on where you live. If you live in an area with few jobs it's not that simple.

@lauragem796

4 ай бұрын

@@kathys1285 so what are the one or two little things?

@TJ-gm2uy

4 ай бұрын

I worked a full time job for 25 years because my husband a teacher didn’t make a bunch of money I don’t get these young mothers who think it’s ok to stay home and raise their kids my husband and I worked together I worked nights and all weekends to take as much stress off of us so my husband could watch them while I worked where there’s a will there’s a way

You know how to spend successfully. Good job.

@firstlast8258

2 жыл бұрын

Jesus saves, I spend

Dave Ramsey every call: “Mmmk Alrighty”

SOLAR PANELS ? WTH ? They are seriously impulsive buyers. She needs to get a job, maybe waitressing at night a few nights a week ?

Why did you spend so much when you had no money?? No sympathy here. Beans and rice. No restaurants. "We have no debt on cars, but one is rent-to-own." That's debt!! Start working, woman. One of you work days, the other work second or third shift. Share taking care of the kid. That's what we did!!

@lbadger2829

2 жыл бұрын

You speak truth. These people don't want it that bad.....

@glow1815

Жыл бұрын

I always wonder doesn't it scares them waking up every morning BROKE. Would scare me to death.

@jimroscovius

Жыл бұрын

@@glow1815 It did us. We hated answering the phone because it would be a bill collector. We found an eviction notice on our door. We had that "We're never going to be here again" moment.

It's funny how people need to be told something that's obvious and surely they already know

@alinatamashevich3354

2 жыл бұрын

Many bankruptcy attorneys are very grateful too

Omg her giggles!!

I needed to Hear that about the House and Make More Money!!!

We don't owe any money on our cars were renting to own.

@conquistador2

2 жыл бұрын

That I don't get, unless the cars dont work

@bobbyb7672

2 жыл бұрын

Then she said it was a gift...

@Isabel-re7sl

2 жыл бұрын

surprised he didn’t question that!!

@bobbyb7672

2 жыл бұрын

@coasternerd The rent to own one right?

Did she just tell everyone that she used child support money to buy solar panels?? I want to know the situation of how much the ex is being forced to pay for her to waste it and how much he makes.

@scroogemcduckismyspiritanimal

Жыл бұрын

They have to pay child support. That's why there's only $3100 left for the month

@lelebella3252

Жыл бұрын

Child support wouldn't cover that🤣🤣

@ericadavenport2039

Жыл бұрын

What are you talking about? Her husband pays child support to the other woman/the kid's mom. Unless the ex wife is living with this caller and her husband, the child support wouldn't be going towards these solar panels. 🤣

I love his recommendation. Dale Carnegie "How to quit worrying "..solve the worst possible scenario...cut phantom electric expense, only buy basic food for nutrition, get on KZread for extreme budget ideas..listen to Ramsey Solutions daily..

Solar shouldn't be 30k! Just get rid of the car and stop buying things you don't need.

They helped her realize she and her husband are not really broke because they own their home and can always sell it if they can’t or won’t do what it takes to increase their take home pay. Ramsey also referenced Ken Coleman’s book “From Paycheck to Purpose” to help them increase their earnings. And, of course Ramsey Plus to help them create a budget, stop spending on “wants,” and begin telling their money what to do instead of handing it off to others. Once you are worth a million dollars, you can do things like buy a new car

When I had the situation she had, I watched one kid and I earned almost 1000 dollars a month in 2003. It helped us till husband got another job with 30%more during the dot bomb time. It’s temporary but kept us from going under. Also, it’s nice for my child to have another friend to play with.

@blueravenchick

10 ай бұрын

This is actually a great idea!

I like this man only been listening for couple of weeks great advice we don't know where are monies goes too be honest not me personally but people manage there debts etc

Getting on a plan and sticking to it is so important. You have to make tough choices and sacrifice, but when you finally pay off all the debt you feel so much different about life. Honestly, try it. I will never go back into debt.

Well, one good thing about being totally broke. You have nowhere to go but up.

@vickieclark5931

2 жыл бұрын

True, but unfortunately some people get even more broke cause they continue to do stupid things.

I have a friend who sells solar panels he said it's so easy, they don't require a down payment and push the tax benefits, he says that they practically sell themselves and that one of his smaller deals was like 46k

@bik3r230

2 жыл бұрын

And this is supposed to prove anything

@GoRun1982

2 жыл бұрын

@@bik3r230 Yeah it proves they're a ripoff

How do solar panels cost 30k. In the UK the cast of solars do not cost more than 15k and are rarely worth the outlay. Usually a waste of money.

you did it to yourself living above your means

Why would you sell your house when it is going to cost you more to rent an apartment in a few years than your current mortgage?

@bik3r230

2 жыл бұрын

You didn't listen he said if all else fails sell the house

@bobs182

2 жыл бұрын

@@bik3r230 Leaundrae did listen and is just giving the reasons for agreeing with him.

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

@Annis-co7vu

2 ай бұрын

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,

@Madlyn55

2 ай бұрын

how do I get in touch with this consultant that assist??>>>>

@Annis-co7vu

2 ай бұрын

STEPHANIE KOPP MEEKS, that's whom i work with look her

@Madlyn55

2 ай бұрын

Thanks for these recommendations.....,,,

24 years old, government job with a pension, spouse and I both make 100k combined. We live in coastal NJ. We have no student loans, no car debt (we have simple cars like elantras), no debt at all. We sure don’t have the nicest things but those will come with time. Living in Jersey, we aren’t putting as much as we’d like into savings, but still making it by with no debt.

In Oklahoma you can get solar panels for free installed replacing traditional ways of having electricity utilities