After watching Ramsey the past month I got my debt down from 27k to 8500. I’ll be paid off by mid June and will be cash flowing my grad school. So thankful I found these guys

@matthewwilliams9200

2 ай бұрын

Great job keep spreading the word

@Tristin471

2 ай бұрын

Congratulations, that’s wonderful!

@bianconerointheus6692

2 ай бұрын

Just curious, what was preventing you to act beforehand? Was it like lack of knowledge or you simply needed to hear a strong warning/opinion? I’m just curious about what causes the shift.

@oldtomplatz8862

2 ай бұрын

⁠good question. I’m a teacher and original was going to do the PLSF program to forgive my student loans. But after watching Ramsey and seeing how the program isn’t that successful and not wanting to wait another 5 years I decided to take things into my own hands. I had most of the money in savings and already work two jobs but the feeling of paying it off myself and not having that debt weigh over me seemed very empowering. Working a real budget also made me realize I was wasting so much money.

@bianconerointheus6692

2 ай бұрын

@@oldtomplatz8862 👏 great job and keep pushing!

Light at the end of the tunnel is an oncoming train 😂

Dave’s ability to extract information is quite impressive

@alinatamashevich3354

2 ай бұрын

Like a surgeon removing a kidney

Ive watched my friends burn money, if you want to start a business, you need to do it yourself, within your vicinity and no debt. 20% of succesful businesses started like this.

@thebigg3416

2 ай бұрын

Yap. 100% true

As a business owner- I am here every day running my business. How do you run a business not being there? I guess that separates the successful business owners from the stupid tax business owners.

@oh_my_godshall

2 ай бұрын

He's one of those guys (probably never got his hands dirty) thinking he can sit back and collect the checks

If it's not making money it's a hobby not a business 💯

@jrowlet

2 ай бұрын

That is what the IRS says if you lose money on an activity for enough years.

It's insane how this guy could have just put his 800.000 on an etf and become a millionaire for free

😂 he’s trying to run a business with WEEKLY calls with the team!!!?? Weekly!?

@MooMoo69556

2 ай бұрын

We have 3 meetings a week in the military 🤷🏽‍♂️

@Quantris

2 ай бұрын

sounds like a dream job 1 day a week

The way he said "3 months away" sounded like he's been saying "3 months away" for the past 3 years.

@stevenporter863

2 ай бұрын

Like the ' five more minutes and we are there ' for 3 hours. 😂

Guy starts out we make 500k a year? All I heard is losses

@adamseidel9780

2 ай бұрын

His and his wife’s W2 jobs. His side business is a loss.

Got three cards paid off already, thanks Ramsey!

“We make $500k. It’s mostly her.” Nah buddy it’s all her you’d be homeless if not for your wife.

@siva47931

2 ай бұрын

The same could be said for Dave's wife. Mrs Sharon "never had a job" Ramsey

@droid2D2C3P0

2 ай бұрын

​@@siva47931 1. Women who stay home save their partner a shit ton of money. The trope of hating on stay at home women is outdated and bs. 2. It's completely different from this scenario because in the callers case both partners do work outside the home and it's relevant for his fucking question about his business burning money. Use your head ffs.

@LTJuni0r

2 ай бұрын

@@droid2D2C3P0I think he’s pointing out the double standard. When women make less, we don’t joke about their value to the marriage

@siva47931

2 ай бұрын

@@droid2D2C3P0 I'm not hating. I'm all for mom/dad staying at home with the kids while they are young. Let's say even high school. But after even Ken Coleman says working outside the home brings purpose and contributes to society. No need to be a stay at home mom/dad when the kids aren't even living there.

@TheSonyExperience

2 ай бұрын

@@droid2D2C3P0nothing wrong with a stay at home mom. They do not save their partner a shit of money. That’s just not true. For the overwhelming majority of people, having the wife work keeps the household above water. A stay at home wife is also an excuse to have more kids, so costs also go up having her at home. Unless you find a ton of value of a stay at home mom for just one child, it doesn’t really balance itself out until after 2 children. I pay $900 a month for day care and I make over $10K a month. My wife makes about $3K a month. So we would need 3 more children for the benefit of her staying home be outweighed by the lost of income. My wife is on a trajectory to turn that to $6K. So it wouldn’t save us any money. You can attach a bunch of emotions and physiological value to being a stay at home mom however, the actual dollar value doesn’t make sense until a certain amount of kids. That certain amount is different for everyone, but can be detrrimined by the out of pocket cost for care minus the loss of net income.

i heard "i wanted to be a big shot because my wife makes good money and i wanted to measure up. i moved away from the business and expected things to take care of themselves and now its not working"

@justinebailey5333

2 ай бұрын

Right

@Thegaoat

2 ай бұрын

Pretty much

@royalredus

2 ай бұрын

Exactly. I love how he said "WE make $500k/ year." No, SHE probably makes $600k, and you lose 100. Ha!

@formula112967

2 ай бұрын

@Bbfishman.....exactly....even blue-pilled men know that women will monkey-branch to the bigger, better deal, married or not....hypergamy is real. Men are in love, women are in business.

@mmp495

2 ай бұрын

Exactly what a family member is going to do with house flipping using my dad's assets... dad is still alive which means our Inheritance is unequal. So crappy.

He and his wife don't make 500k a year if the business is not profitable. There's too many people that go into business that have no business doing it.

@kingsgold

2 ай бұрын

people have this idea that because the business exists, they expect to be rolling in money with absolutely no or little effort on their part.

@todd2456

2 ай бұрын

His wife has a job making $375K and he has a job making $125K. Separate from the investment business.

@danielrn133

2 ай бұрын

She is probably a surgeon or something. He said at the beginning she makes "most" of the money. However it is clear she makes it all.

@kidamere2408

2 ай бұрын

yes because 125k is nothing@@danielrn133

@adamseidel9780

2 ай бұрын

They clearly both have W2 jobs in addition to this losing side business

PASSIVE INCOME KOOLAID "Buy a franchise with a proven system, and you'll be able to sit back as it grows all by itself."

@KathleenMcNe

2 ай бұрын

Exactly. As an owner of office, retail, and residential rental properties, I chuckle when I hear people say that rental properties generate passive income.

@fire12731

2 ай бұрын

Yep. Everyone it seems thinks it’s a smooth ride

Gyms only open so they can close. SBA loans are weird. The only way to get one is to prove that your business plan is so bad and that you have so little experience that no other lender would take a chance. Do that and the government will give you a taxpayer guaranteed loan.

He could’ve just invested into an already profitable company that’s publicly listed on the NY stock exchange

@genito1

2 ай бұрын

He never really had the money, he took a loan.

@bm8r812

2 ай бұрын

@@genito1 He had 360 thousands dollars

@genito1

2 ай бұрын

@@bm8r812 I bet a lot of that was just him making loan payments overtime. He probably did not have that much capital to start the business which is problematic too

Be nice to your cohost, Dave.

@PoyTroy

Ай бұрын

No. Jade ruined the conversation between Dave and the caller. Dave got down to the bottom of what the caller was wanting to say and do. The caller just wants to make enough money to pay off the loan in selling his gym. Jade jumps in and interrupts all of that asking a question that has nothing to do with what Dave and the caller already discussed

I guess I can't be a business owner because I would freak out after losing 100k 😂

@Dan16673

2 ай бұрын

Scarwd money don't make money

@MariuszChr

2 ай бұрын

@@Dan16673 depends on scale. If you sell donuts then you would be better be scared of losing 100k

@Memoreism

2 ай бұрын

I would freak out after 2k 😂

@TheEGA4421

2 ай бұрын

​@@Memoreism I was there with my business years ago. I stopped the bleeding by revising my business plan and only paying for business items with cash. I also increased my administrative fee (I had a health education business), gave clients several choices for each health item and discount for those who paid with cash, money order or bank checks.

@Omar_Zazzle

2 ай бұрын

I'd never be a business owner due to retail theft and how the law is soft on crime.

If you don’t know the difference between revenue and profit you shouldn’t be a “business owner”

@user-cf1tm6fx4w

2 ай бұрын

Of course someone like that is also the type to blame their failure as a business owner on the employees.

@jrowlet

2 ай бұрын

​@@user-cf1tm6fx4wAnd a lot of these business owners fail because they had the mindset of employees who watch the clock and work their 40 hours (they do not have the mindset of owners who do not watch the clock and tend to work more hours).

@QueenRissa_34

18 күн бұрын

Clearly 😩🥴

“Don’t blame a clown for acting like a clown. Ask yourself why you keep going to the circus.”

@matthewwilliams9200

2 ай бұрын

Hahahaha genius

@odessajackson4551

2 ай бұрын

A clown that keeps doing the same thing over and over again and expecting a different outcome!!!😂

@Omar_Zazzle

2 ай бұрын

His wife claims that he makes bad decisions due to his hemorrhoids.

This call makes me appreciate my comfy 9-5 fully remote corporate job.

Dave: What kind of business is this? Caller: long pause...uhh, it's a fitness industry

@EsiriE

2 ай бұрын

Thought it was just me that caught that lol

Haters have attacked me before for saying this. Who operates a business that continues to lose money? That makes no sense.

@steelcastle5616

2 ай бұрын

ANSWER: A US Politician...

@AnthonyMcNeil

2 ай бұрын

I mean if you think about it. You're going to lose money but you will see it trending to the positive. It's going to take some time but the problem is that some people don't want to let go. Then they're in too deep and they just go down with the ship.

I highly doubt that he will be breaking even in 3 months. He must mean free cash flow will go from negative ~$10k? to $0. They are taking it as him making $267k for 3 months profit at a small gym...

Hello. I’m a looser using my wife’s money to fund a stupid business because I can’t admit I screwed up. I also lie and say that my wife makes more than she does. Can you help me?

@nickrod7627

2 ай бұрын

You cant spell

@garykeith1048

2 ай бұрын

You said in 30 seconds what Dave and Jade took Like what seemed forever to figure out.

@taylor.g.deloye

2 ай бұрын

A looser or a tighter?

@dabiz4272

2 ай бұрын

​@@taylor.g.deloye😂

Dave, hope and belief is not a plan!

People want to turn working out into a business. The market is flooded with these places. Wife has a stable job husband has a hobby.

So stressful 😐 if I made 500k my husband can work in retail I don’t care. Not go into debt. Even -500 dollars I would freak out. He has a big house from his dad and just works retail and always puts it into savings

People is lazy. Fitness is not making them getting out to work out, plus paying for the fee

If i make 500k a year i don't need a bussines ..!

@TheFlyingZulu

2 ай бұрын

No joke... he mentioned most of their income is his wife's... maybe he is a bored stay at home spouse that was trying to start a business... Either way he needs to stop getting into the hole so much.

When he finally mentions that he has a $520,000 loan Papa sharts and Jade says "yikes" knowing it's not going to smell good in the studio.

The gyms are dying. I run at the park. And bought everything I need for my home gym. Covid lockdowns made the home gym Market skyrocket with new inventions.

@Carroll-dude

2 ай бұрын

I went from 380 down to 245 in 18 months. Never stepped foot in a gym.

@random-nz7dy

2 ай бұрын

Not just with COVID, but you can watch tons of videos online for free.. And also you can take the money you'd spend on the gym in a couple years and get something for cardio and some weights and have those everyday for years and years.

@adamseidel9780

2 ай бұрын

Wrong, The health club market is growing very rapidly. Doesn’t mean every business works out.

Gym franchises don't make any money, or so little money.

@kcor4

2 ай бұрын

Then why are there so many? If they didn't make money, they wouldn't exist.

@Fred2-123

2 ай бұрын

@@kcor4 People have dreams, and ignore things that crush their dreams. Similar to small bakers and cupcake stores.

@rsafree1139

2 ай бұрын

People follow their heart and not their calculators

Do not own a business that you do not directly and closely supervise, onsite. I am surprised that wife is sticking with him rather than moving on to greener pastures? profitable and debt are different. look on the balance sheet for equity and debt.

@carpediem6431

2 ай бұрын

100%

Just an observation after listening to so many sob stories of knucklehead financial decisions: Most sentences start out with "Sooo......" and the words in those sentences are modern day butchering of the English language by up-talking.

@lo1bo2

2 ай бұрын

Up-talking drives me up a wall. It makes you sound unsure, tentative, and childish. Don't get me started on vocal fry.

@waynehoffman1791

2 ай бұрын

@@lo1bo2 Exactly...well said. Nice to see there's someone out there who agrees and doesn't label me as mean and critical because of the torture listening to stupidity.Thanks!

ALL BUSINESS OWNERS NEED TO WORK LIKE EMPLOYEES, SAVE UP MONEY, AND MAKE A BUSINESS WITH CASH. This whole leveraging thing is horrible and then you cannot pay livable wages and everyone hates you. BE AN ETHICAL BUSINESS OWNER!

@jrowlet

2 ай бұрын

i agree with most of what you said, except where you say that business owners should work like employees. Business owners who actually are serious about succeeding in business need to work harder and more hours than employees who often only work around 40 hours per week.

@wewhoareabouttodiesaluteyo9303

2 ай бұрын

@@jrowlet Work like employees as in, they cannot have the ignorance to state that they should be independent when they have no idea how a business functions. In the same amount of time as gaining useful experience, they need to save up money to buy their business in cash.

$800k in the hole for a "fitness industry" franchise I am shutting down after $100k loss post startup investment

@Fred2-123

2 ай бұрын

Yeah, but he took out a $520,000 loan that he is on the hook for no matter what.

@neisci

2 ай бұрын

His wife makes a lot money, he made all those stupid decisions because he knew that tge money exists.

Have they stopped introducing where people are calling from?

I feel sorry for his wife sponsoring someone else's dream is not a way to live. He didn't even stay long enough to make sure the business could sustain in his absence. This was just his ego trying to compete with his wife. Yes,sometimes men become jealous of their spouses.

Why does one decide to buy into a business that is at a distance?

@NeoAndersonReloaded

2 ай бұрын

He moved

@neisci

2 ай бұрын

​​@@NeoAndersonReloaded should have thought of that first. He should have either sold the business or stay where he was. If making bad decisions was a person. I feel sorry for his wife.

So basically she makes all the money

@kidamere2408

2 ай бұрын

yeah who wants to make 125k pfft, he might as well quit

@ThePooppantsman

2 ай бұрын

Only fans.

@christophercarrigg3775

2 ай бұрын

@@kidamere2408 ?

Jade!!!!...Please look up the term "Return On Investment (ROI)." Then look up the term "Profit." I love Jade, but they should have edited this out.

Jade is bright and quick in her analysis! Love these 2 together

@rowdybush1

2 ай бұрын

No she's not.

@elisedunstan2080

2 ай бұрын

@@rowdybush1 Yes she is.

@user-cf1tm6fx4w

2 ай бұрын

She's the only one who feels like an equal beside Dave. Everyone else reminds me of a student trying to say the right thing to seek approval from their teacher.

@bleach8368

2 ай бұрын

She’s not. She repeats what he says

@user-cf1tm6fx4w

2 ай бұрын

@bleach8368 making a claim like that only reveals how poor your listening / comprehension skills are lol

Did I hear fitness industry? If that is the case, it is one of the bad choice.

bro this call gave me anxiety

Jade yet again shows that she understands as little as the callers. “It’s not breaking even because you haven’t gotten the $800k back yet” 🤦🏻‍♂️

@MrTheg2009

2 ай бұрын

Glad someone said it.

@naomirachel9161

2 ай бұрын

I think it was a misspeak, sounds like she meant to say “breaking even isn’t enough”

If I was his wife I’d be SO PISSED

Damn losing 800k must really hurt.

@Omar_Zazzle

2 ай бұрын

I'll never lose $800k considering I only make $1,000.00 a month on SSDI.

I see these fly by night gyms come and go all the time in strip malls and see the stuff from failed gyms being liquidated on Facebook Marketplace almost monthly.

This is like gambling. Come in happy with $1,000, then ur down to $500 hoping and dont leave til $0😅

Came here to feel better about my broke ass, but no debt 😂

@Omar_Zazzle

2 ай бұрын

I am grateful that I am debt free.

That's nothing compared to my wife's yoga bill!

Can anyone tell me what is actually being done in the United States to battle the 5 to 1 salary to home price ratio??

How are they making $500k per year when the business is losing money? Either he's lying or he's sucking $500k out of his drowning business and THAT'S sinking the business.

@elizabethpieters7798

2 ай бұрын

His wife is msking 500k a year. Not him

Dude said uhhh/ummm 24 times in the 5 and a half minute conversation.

I thought he was going to say "nutritional/supplemental industry" 🤔. I hope his wife is a doctor.

The money is funny, and the business isn't profitable. $520K loan on an unprofitable business that he HOPES to break even with in 3 months. I don't believe he'll break even and I don't believe he'll sell it. It's a bad gamble and he'll hold for a "winning hand".

This is just a hobby that the guy has and he’s only able to have it because his wife makes real money. Total waste of time.

This demonstrates you can be lucky and smart enough to make lots of money. But you can be/act stupid enough to lose it (and more) at the same time. How can this guy not know to keep his personal and business finances separate in this day and age?

@TheDoggmom

2 ай бұрын

This guy was lucky and smart enough to marry a cash generating woman. Well done, sir!

@steelcastle5616

2 ай бұрын

@@TheDoggmom But can he keep her...

car sellers need to take heed to sunken cost analysis. they put thousands into maintenance before selling and try to boost the price to recoup their maintenance costs, instead of accepting that we're going to go by kelly blue book, no matter how much money they invested

Maybe I miss the part where he told us what his business was..

So his wife brings in over 500k a year?

This is why I don't start my own business. I'd probably make the same blunders as this poor guy. And "health fitness franchise?" To me, that's code for Bally's, Planet Fitness, etc. There are thousands of those worldwide competing with KZread videos, weights, and other equipment you can buy on Amazon or Wal-Mart. My smart TV is constantly bombarding me with the Peloton ads. I think I would've chosen a different product or service to offer.

Sunk cost is like buying a 5000$ car and engine blows now its a 500$ parts car that 4500$ just dissappeared

So stupid to borrow all this money 💰 should have just saved up the money 💰 to open a business

He gambled $800,000 and lost big time. Welcome to the world of consequences. He should have phoned Dave up before he got started.

Co-Host is clueless

When you're in a hole, just keep on digging 😅🤦‍♂️ go for 1 million 😅

started out being braggadocious about him and his wife making $500,000 a year.. How dumb!!?

Good luck selling an unprofitable business 🤦‍♀🤦‍♀🤦‍♀

What kind of business….. well it’s a charity…..

Fitness industry. 😂 those are failures

"My wife and I make a pretty good income...."

You're not going to be able to sell that business for 600k with nothing but losses. Time to call it and take the L.

Sounds like a business owner who didnt run his own business and is losing money.

“Me and my wife” guy makes 500k. My English teacher was wrong 😮

As a muslim, interest based loans are strictly prohibited. I hope he learned his lesson now.

@deechicago25

2 ай бұрын

Yea I want that too and I’m not Muslim lol

@dbdb4962

2 ай бұрын

Jesus isn't a prophet, he is our savior

@neisci

2 ай бұрын

Unless you are borrowing from family and friends, aren't all loans interest based?

@SRD1281

2 ай бұрын

Interest based loans. That's nearly all loans my guy.

this Guy "" makes NO sense """he and his wife earn 500k income"" But has a Business that in the RED 800k...""" Their is a lot going on with him and this losing Business"" that he has a 500k loan"" What the story here"""

@debragiovine9797

2 ай бұрын

if this guy and wife is making 500K income " there is No reason to start a small business take out a 500k loan"" !!

She doesn't understand what profitable means.

Crazy, this guy has no business sense.

but when women debt Its ours but when mans money it hers

@superblump87

2 ай бұрын

Sounds like something to share with your therapist.

@janelleg597

2 ай бұрын

Whiny whiny whiny whiny

@Jaycv-dq3rg

2 ай бұрын

Because its true marriage is only contract women can walk away from and take half mens stuff like cars retirement house even if she did not work day in her life if men could steal half women stuff I would file divorce at%80 to

No sympathy for people making more than what I make. 38k so pull up your bootstraps and pay it off

Need a new co host

Divorce incoming. Mostly her all I needed to hear.

@marcmontalvo787

2 ай бұрын

Hes crediting her with having a larger amount of income. I think there is nothing wrong with sharing the spotlight

@ChrisBoulas

2 ай бұрын

The way he laughed when he said it too. Only a matter of time before she's out of there!

I love Dave’s concepts but I wish he’d shut up and listen more so these people can explain what they need from him and why.

This guy is delusional.

That chicken has no clue what she is doing.

This dude is embarrassed that his wife is a doctor making $500k and he's desperate to prove himself to his wife, her family, etc. So much that he's ruining his future and possibly his relationship. Mo, can't you just go do a real job? If your wife loves you when you're making 60k you don't have to prove anything to anyone else. Combined you make 500k. Tell the haters (in your head) to suck it.

Why do YOU keep doing this, RAMSEY

Blah blah

That's why it's so scary to take a risk and open a small business. I know you don't get anywhere in life without taking risks, but you see stories like this all the time. That's why I commend small business owners.

800 k is the smallest Australian mortgage from there it’s over a million 🤔👀😢🫣😳

hes gonna dump his shitty business on someone else lol

This is the Dave Ramsey show. The only questions allowed are "I am in this much debt. I make this much. What do I do?" Not, "I was divorced. How do I mend my relationship?" "I made a bad business decision. What should I do?" >:(

Clown giving business advice 😂😂😂

@alinatamashevich3354

2 ай бұрын

A debt free multi-millionaire giving excellent advice. You have a opinion. There fixed it for you.

Hi Jade. Dinner?

Not sure why Mr. Ramsey has cohosts, he never lets them talk OR he "corrects" them.