After 10 Years Of Working Your Plan, I Still Don't Feel Ahead?

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[@Doyoulovelamp]

Comparison is the thief of joy.

[@IrisP989]

That is true but it’s difficult avoiding the feeling like your family is not doing as well as your family/ friends do. As if you are not on their level. Less better.

[@TLmomofZAHS]

FACTS!

[@TheFirstRealChewy]

...unless you are the winner in the comparison.😅

[@avamasquerade]

$1 million net worth for two people in 10 years is paltry af in this economy. I'd be existentially angsty myself if I were her. But I understand how Dave has to spin this. Ultimately, she better reevaluate and adapt the plan to something that is rigorously honest and customized *for themselves* and stop looking to everyone else to tell them what to do.

[@avamasquerade]

​@@user-zt4nz1od9wOr she could listen to what her gut is telling her and adapt the plan rather than condition herself with gratitude. "It can always be worse" does not exclude the possibility that she could always make it better because in every obstacle there exists a chance to improve your position.

[@bellmattwebb]

There's a difference between being a millionaire and being able to spend a million dollars.

[@loganthomas7443]

Exactly! People think millionaire is driving the lambo, beach house in Miami, summer home in the mountains, and vacations to Bora Bora. Maybe 20 years ago. Now that lifestyle is multi millionaire net worth 5-10 million, probably more lol.

[@davescheidt4533]

That’s why I would rather put more in investments than pay off my house. It’s hard to buy groceries and pay bills with house equity!!

[@DericAnslum]

...difference between net worth millionaire and liquid cash millionaire...

[@MrWookie1981]

But it should. Equity in ones house is great but you need to live somewhere. A primary residence should not be included as an investment.

[@taylamayde]

@@MrWookie1981you ever heard in investing in your self

[@David-wo9un]

She doesn’t understand that millionaire doesn’t mean $1 million in the bank.

[@nottelling4828]

This

[@jamespalmer7247]

then say $1 million net worth. There's a difference between having it in the bank right now and being able to get it by selling all your stuff.

[@CurieBohr]

Counting the home you live in is kinda misleading though. Many Americans are millionaires if they add their primary residence. I don’t count the home I live in as part of my portfolio.

[@Jackaroo.]

@@CurieBohr Yeah very true. Primary residence generally shouldn't be included, only investment properties.

[@nottelling4828]

@@CurieBohr : "Many Americans are millionaires if they add their primary residence." I seriously doubt that. I think you are overestimating the value of home equity in America, today. I'd venture to guess that there's more mortgage debt than housing equity at the moment.

[@webfreakz]

I think she's achieved more than she imagined and expected something special at the finish-line, but she has to create that celebration and goal herself.

[@mikenelson8377]

That's what I was thinking as well. I became debt-free back in 2016 and no one cared. That's when I realized you have to be your own cheerleader. Not everyone will be celebrating with you as they're not directly reaping the benefits of the hard work. Those people are called 'haters' and there's not much anyone can do about that.

[@typorter-pp6lh]

Smart people understand there is no finish line, other than death, so it is vital to enjoy the ride while at the same time planning for the future. Happiness is not a destination.

[@typorter-pp6lh]

@@mikenelson8377 You are so right. In fact most people I know, even close friends and family, resent my success rather than celebrate it. Doesn’t bother me too much as I’m busy enjoying my life.

[@mikenelson8377]

@@typorter-pp6lh absolutely! The next question was, nicely done. You’re debt-free and not many can say that. Now what’s next?

[@anacorreia8058]

Some thing that people aren’t thinking of, is inflation. Yeah, she’s making a good amount of money, but her savings is becoming less valuable over time because of inflation. It’s probably losing value faster than she can increase it.

[@BK12344]

She’s doing so well!!! It’s social media thts ruined her thoughts on her success

[@OTOWN2STOCKTOWN]

"Keeping up with the Jones's"

[@33ladyRAM]

No....she needs to take accountability as no one can ruin that except YOU!

[@33ladyRAM]

@@OTOWN2STOCKTOWN - I was going to say its no different than "Keeping up with the Jones."

[@BearsBeetsBattlestarGalactica1]

and most of what you see on socials is fake anyway

[@cstuartdc]

No, I get her. We have no “keeping up with the Jones” mentality but we resist mightily the urge to move up. I think she’d feel differently if she had 700k in an IRA and a 250K house, if her finances were flipped. She may be house stressed all these years. A discussion of what percent of your net worth in your house should be would have been good. I’d say 25% is fair.

[@LinzyLinz7]

Why aren't we rich yet?! 😩 Meanwhile only the husband works. Dang girl! 😅 Not saying she has to work. But having realistic expectations is important to finding contentment.

[@dec2567]

Exactly

[@chantre17ms]

Glad you said it. I was thinking the same thing. Maybe she would value what she has more if she was the one contributing, either that or get a hobby.

[@kevinj2334]

Do you just really hate mothers or yourself, I can't tell.

[@XFizzlepop-Berrytwist]

@@kevinj2334 I dont think she mentioned kids? She might have, but after the kids are in school, the stay at home parent, whether its the mother or the father, should get at least a part time job. If able.

[@blackworldtraveler3711]

@@kevinj2334 I heard nothing about kids. Kids or no kids something and/or someone is filling her head with nonsense and she don’t seem to know much about the household finances.

[@NotyourBusiness-urto6]

I wish i learnt most of these principles about seven years ago. A lot of people have been trapped strongly in the matrix-- Go to school, get a job, and then slave your whole life. Many miss out on life-changing information that could have great effect on their finances. I played with the stock market sometime in 2020, and I was surprised at how well it turned out. I want to put in $90k more into the market. I heard people are making really great returns despite the downturn. Any recommendations?

[@Aziz__0]

Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

[@devereauxjnr]

@@Aziz__0 I agree, that's the more reason I prefer my day to day invt decisions being guided by a fin-advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using a fin-advisor for over 2years+ and I've netted over 2.8million.

[@Blitcliffe]

@@devereauxjnr I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?

[@devereauxjnr]

@@Blitcliffe I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "NICOLE DESIREE SIMON" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.

[@Blitcliffe]

@@devereauxjnr I just checked her out and I have sent her an email. I hope she gets back to me soon.

[@joysilas4724]

I love how Dave just yells out “stupid” 😂😂

[@shaferaustin4068]

I laughed out loud 😂

[@jbris16]

I'm currently doing a house hack, it can be stressful, but I think it's worth it.

[@nathanielglaze4810]

Yeah I’m not sure why he said house hacking is stupid. Its not like it’s a get rich quick scheme. Its an investment that creates another source of income. What is the difference between a single family home that is your primary residence vs a duplex where one side is your primary residence? One produces income.

[@jbris16]

@@nathanielglaze4810 Dave Ramsey might not know what house hacking is off the top of his head, because I've heard him give a reasonable answer when asked about buying an owner occupied duplex-quad. I don't really see how a house can be considered an asset unless it is a rental or some kind of flip(and only after it has flipped for profit). I wouldn't even consider my owner occupied duplex an asset right now, because it doesn't cash flow with me living in it. Which is why we are planning to move into another owner occupied duplex-quad. Pay off that one as quick as possible and then pay off our current property as quick as possible.

[@hmmm1599]

I bought 2 triplexes after getting divorced and lived in one unit. I lived for free and put $400 in my pocket every month. And those buildings are worth 80k more than they were 6 years ago. House hacking is the best was to eliminate or reduce your housing costs.

[@joea9222]

This lady is living the social media delusions. That's like thinking most fitness influences aren't using steroids, camera tricks or photoshop.

[@ianstephens333]

👍

[@simonpegg1196]

Precisely! For regular people who have worked through debt to get to millionaire status, it's a painstaking and long process. Doesn't mean one can have parties, buy new cars, or live lavishly - those are the things one has actually sacrificed to get to become a millionaire in the first place.

[@CaBdosdos]

Tbf those influencers actually make insane bank. There are thousands of Only Fans girls making 20k a week.

[@ianstephens333]

@@CaBdosdos dude look up average only fans monthly income.. you’re wayyy off

[@sierra7534]

@@CaBdosdos You're not even close

[@jbivphotography]

I feel like I understand where she's coming from at least reading between the lines. A million net worth is basically money in the bank. You can still "feel poor" by your day to day and it sounds like that's whats bothering her. She probably feels like she's on a strict budget, and spending as little as possible when she really wants to be able to spend wherever she likes. Basically things aren't glamourous as she may had thought.

[@MyFunSizeBudget]

Yep I have money saved, maxed out 25 % retirement, and my house but I feel broke at times too. I guess i thought i would be vacationing all the time, not working so hard etc. It sounds dumb but I definitely can understand.

[@varmastiko2908]

@@MyFunSizeBudget Not getting to spend a lot is the cost of being debt free. Dave's advice is good in its own right, but for an abundant lifestyle it's not enough.

[@Erin-rg3dw]

Ditto, and I get it. It can be hard to live on a strict budget and feel like you're not making progress, especially when doing it for a long time. It's not necessarily that she wants to spend "whatever she likes," but moreso that she hoped to feel better by now and leeway in the budget. She's definitely caught up in the fake Insta-life. I might suggest they add a little breathing room to the budget or see about her getting a part-time job to help her feel more comfortable.

[@CaBdosdos]

This exactly. You have to live like a monk until you retire, then you continue to live the same so you don't blow your retirement then you die.

[@jeromehenry4484]

@@Erin-rg3dw Really sounds like she has been a stay-at-home wife all her married life, but doesn't understand all the sacrifices her husband had to make to let her stay home. She doesn't need a part-time job, she needs a full-time job, so she will truly appreciate what her husband deals with on a daily basis. No reason for her not to pull in at least $50K, that will up their household income to $155K/year, increased 401k/IRA contributions, money for modest vacation, payoff mortgage sooner, etc. Better plan than griping about her husband's income.

[@bantizzle79]

I think she called Dave for reassurance that everything will be okay

[@Aaron-jj6on]

An Electrician with a 700k house thats 100k from being paid off... thats a good life. I feel sorry for the husband who provided a wonderful life and shes so ungrateful for it

[@TommyGunzzz]

She definitely does the bills and made it happen though

[@steve-on3234]

She wasn’t ungrateful. She’s worried. Millionaire net worth is just enough to be worried

[@DannyAlcarin]

@@steve-on3234 She has no reason to be worried. Being worth 1 million in your 40s is doing just fine. Stay the path for 20 more years until 65 and they will be multi-millionaires. Her husband works as an electrician for a public utility. That means almost certainly he will have a pension in addition to their 401k. He's almost certainly gets medical, dental, vision and prescription drugs which likely will continue into retirement. 100k also sounds like that's coming entirely, or at least mostly, from the husband. He started at 65k and over 10-20 years of work he's at 100k salary. That's pretty typical of public sector work for skilled workers. Over the next 20 years she can accelerate their wealth building if she looks to improve her own income. Overall these folks are doing just fine and will have a comfortable retirement. Her comment of looking at "KZbinrs" is exactly the problem. Comparison of her lifestyle to that of a small subset of extremely successful youtubers.

[@daystar73]

​@TommyGunzzz says who? She doesn't even know how much is in savings..smh..

[@godsdozer]

@@TommyGunzzz LOL does the bills and doesnt know the numbers? haha

[@robertkrumm2470]

I could be wrong about this but I feel like she's getting an outside influence that telling her that she's not doing something right

[@angel-ij4xv]

she needs to stop listening what outside people tell her

[@earthring]

Yup

[@ogletr13]

She said it herself at the beginning "I see all these young kids on youtube.."

[@cocomalonee]

@@angel-ij4xvDave is an outside person though lol

[@josephpetersen4400]

Dave is on KZbin

[@Mavryck_Tha_Myghty]

It’s understandable that she isn’t satisfied with where she is, but AT LEAST know your numbers before you decide you’re behind.

[@hellosaysandrew]

It’s beyond frustrating because she has so much to be thankful for and doesn’t see it.

[@Jackaroo.]

She just needed some support and affirmation. Nothing wrong with that.

[@CurieBohr]

She sounds older. 600k will go within a year of fighting cancer or another serious illness. I understand her concern.

[@cherylbroadenax1006]

Bingo

[@macneoh7418]

She's probably resentful of her husband for not earning more.

[@jeromehenry4484]

@@macneoh7418 Her comments make it appear that husband earns $105K/year and she is stay-at-home wife. She watches made up stories on Internet and thinks that's a reality she should be living. Real solution to her angst is to get a job in real world and experience for herself the daily grind. Maybe then she will appreciate how much her husband has done for her/family all these years. She has too much time on her hands.

[@Woopigmavs]

She’s a great example of working a plan slow and steady. They’re killing it on what is (nowadays) a relatively modest income for where they live. Seems like they’re in the process of realizing $1mil doesn’t feel like as much money as they thought it would.

[@alk672]

She doesn’t have the 1mil. She has useless equity in a house she has no plans to sell, and she has retirement money she can’t touch for another 20 years. She has nothing.

[@victors16811]

I got laid off today! Fortunately, I’m following Ramsey's steps and that gives me peace to find another job!

[@johannesswillery7855]

Yep. You are not as desperate as you would be with massive debt.

[@melody7779]

God bless you. Your will find another job.

[@elcheekoful]

Layoff happened to me recently as well. Thank God I had a emergency fund. I just did doordash until I found another job.

[@jwlsngold5026]

My husband was laid off in December, thankfully he starts his new job May 1st!! We're on BS6, he is getting a 6 month severance, plus he qualified for unemployment, had we had any other debt I hate to think of where we'd be. Good luck in your journey!!

[@victors16811]

@@jwlsngold5026 🙏

[@TylerAndToast]

My grandparents are in their upper 80s and still owe on their house. My parents are borrowing on their 401k and have so many debts. This lady will be fine. And I intend to do better than my family for my daughter

[@achavez78]

My brother I am in the EXACT situation as you. My grandparents are dead and gone, but had a mortgage when they passed. Parents will probably be in the same boat-- and I'm only child One thing I've learned is chances are you're probably going to live a long time, and our children are gonna need money to care for us one day. And it we're in our elder years and not setup well financially our children will pay the price!

[@TheFirstRealChewy]

​@@achavez78 You children will pay the price if you make them pay the price.

[@rollingwithdeep]

This is definitely one for Dr John. This lady is smashing it but there's probably something going on behind the scenes in terms of outside influence

[@insideoutsideupsidedown2218]

I think they were gifted the house or took over the mortgage from family 10 years ago. Making 65k a year then doesn't equate to being able to buy even a 300k home that doubles in value.

[@MarksTournaments]

@@insideoutsideupsidedown2218 remember the home value went up an insane amount the past few years. Especially in Seattle

[@paulinoaz]

"My husband doesn't make enough money for me to live the lifestyle that I want"

[@ericonca]

I think she has very little cashflow. At the end of every month she feels poor. Most her net worth is stuck in the house equity, which she plans to live in for the rest of her life.

[@paulinoaz]

If you are her husband and you listen to this call what are you thinking? In his world he is probably working 50 hour weeks to pull in 105k/year and in his mind he feels he is doing great with a $700k home, 200k in his 401k and is looking forward to retirement and then he hears his wife complain it is "not happening fast enough"

[@kevinj2334]

Or the husband is forever grateful he has a wife at home taking care of what's most precious to the family

[@brucewayne3892]

@@kevinj2334 lol found the simp

[@katie8325]

@@brucewayne3892 found the misogynist. You know married men live longer than single man?

[@alqoshgirl]

Goodness how to twist things. She said she was scared they won’t have enough. Not that she isn’t thankful for her husband hard work

[@adamseidel9780]

@@alqoshgirl she sounded like she complains to him every night that he doesn’t make enough

[@thebeautifulmanclub3790]

That call was bizarre. Look up your IRA numbers before calling.

[@floresnashvilledrummer]

How ungrateful is this woman? Dave: "You have close to a million dollars." Her: "Meh." She's upset because her electrician husband hasn't bought her a learjet yet.

[@patriotdrone9566]

Exactly

[@dianawilliams8801]

She is thinking it should mean she's rolling in money but it's net worth

[@CurieBohr]

No. She’s worried because she’s older and probably knows people that have paid more than 600k in medical bills. Getting old is very expensive.

[@tdgdbs1]

@@CurieBohr Never seen $600K hospital bill, even the uninsured; hospital write off if you can't pay. Decades as a RN.

[@cgasucks]

She thinks all millionaires live like Bill Gates or Jeff Bezos, not Warren Buffet.

[@JosiahK555]

in Seattle? I'd get out ASAP, take the money buy a house half the cost in a better location, and invest the rest.

[@freddiemoses467]

Yup. She could have BLM knocking at her door demanding to defund her 401k because she's to pale

[@laneyluneva]

How in the world has she listened to Dave for 10 years and not realized she has $600k in equity and $250k in retirement, aka almost a million net worth?

[@MarksTournaments]

They need a higher income

[@zachbean1956]

She's watching young millionaires on Instagram and comparing herself to others, comparison is the thief of joy. Another example of why the 19th was a mistake.

[@Officialsearch21]

Because it’s not liquid. She won’t enjoy her life until she’s in retirement age.

[@gregory4154]

Wow she can't see how impressive this is? She has more than just wealth, she has a freedom many if not most Americans will never see in their lifetime.

[@OhWell0]

It's all about perception. I know I'm financially secure, but at the same time there is no amount of money that will wipe the memory of having the lights turned off on me and my ten day old daughter. There is no amount of money that will prevent the lights from being turned off again. I have a well contained paranoia about slipping back into poverty and I hold on to it (and my money) for dear life.

[@ecclairmayo4153]

❤❤❤

[@jamesrichardson2191]

I don’t like that she’s wondering why she’s not rich meanwhile only her husband works, if she made the same as him they’d be at $200k per year

[@blackworldtraveler3711]

Been many calls like this from non working wives the past rwelve month.

[@FTBASTAR]

She needs to pull her weight smh

[@jamesrichardson2191]

@@FTBASTAR facts

[@bryanbachman694]

It’s clear that the lesson here is that people expect a certain LIFESTYLE. She’s a millionaire but doesn’t “FEEL” like one, because her vision of what it would look like didn’t fit reality. I wish the guys would have addressed her mindset instead of the math.

[@jayjagtap7873]

So true

[@brettj.m.roebuck17]

The fact that she lives in expensive Seattle and has that much is impressive in itself.

[@OTOWN2STOCKTOWN]

So she should move to a more affordable place

[@insideoutsideupsidedown2218]

They took over a mortgage or had a big part of the home paid for by a family member when they bought it. There is no way they were making 65k a year and bought a 300k home that doubled in value in 10 years, or purchased a mor expensive home in the 400 or 500k range.

[@jameswalker590]

@@insideoutsideupsidedown2218 Maybe they had equity from a previous home? They could maybe qualify for 300k at $65k/yr, but it would sure be tight. Not surprised if the house doubled though. Seattle real estate has been crazy. I've never been there, but I've looked at housing.

[@jeffshuman4870]

@@OTOWN2STOCKTOWN She knows that is the answer - which is why she was so quick to shoot down the idea (even when Dave didn't suggest it). A $700K house for a couple making $105K is extremely expensive. She doesn't get to have cake and eat it too - she can stay in the house and have much of her money go there, sell the house and move into some place more commensurate with her income or increase her income so that it better fits her home. Frankly, while she claims she has been "listening" to Dave for 10 years, I would be surprised if the home ever fit within Dave's home mortgage guidelines. To paraphrase Dave, you don't get a pass on math just because you live in Seattle.

[@edd06001]

If they were making 65 K and her home is 700K now with 100k left, she clearly didn't realize that she was part of a get-rich-quick scheme.

[@haggishighways]

She doesn't work. Says everything. She achieved nothing personally. Her husband has carried everything. She's just ungrateful.

[@goodgirlsguide]

She didn't say she doesn't work. Dave assumed that.

[@haggishighways]

@My Name Not nearly comparable to actual work. Don't kid yourself

[@yellowtrain3161]

I feel the same way as this woman. This path is rough and full of emotion. It works but is extremely slow.

[@jaywalk6628]

You two have done so well and have another twenty years of earning to go. Dave is right, go out to dinner TONIGHT and celebrate that you are not broke and stupid. I said it is okay.

[@davidkazakov6232]

Dave's advices are working fine for 90% of the people, but if you want to get to 1, 5, 10 million quicker, you have to leverage and get a good debt. You cannot get ahead if you pay cash for real estate, its plain stupid. Be aggressive in investments and humble in personal consumption and you will be fine

[@joeyhenderson1624]

Wrong

[@erwina4738]

@@joeyhenderson1624 No David is actually telling the truth dont be saying “wrong” and making yourself look like an idiot.

[@davidkazakov6232]

@@joeyhenderson1624 Why wrong? When you already have financial discipline, high income and high savings rate, Dave's advices are all the same, nothing new. He doesn't teach you about growing business or investing into real estate.

[@Ant0417]

Not sure why she’s getting all the pats on the back for doing so well when only her husband works. All that worry about money, yet working and bringing in extra income never even crossed her mind.

[@thomasjefferson5727]

700k house on 105k income nearly paid off. You're doing great.

[@shortstraw4]

Dave's assumption that real estate will go up by 10 percent a year is a joke. Also who gets a 10 percent return annually?

[@alk672]

Dave’s entire investment advice is a joke. I’m really not sure how he’s getting away with it.

[@martyi398]

It doesn't sound to me like this young lady is very happy with her life, there's a lot of issues in life that financial security (having money) isn't going to fix for you!

[@15KHPCLUB]

Another clear-cut case of "Money doesn't buy happiness."

[@thalys5208]

Yeah it does. ​@15KHPCLUB

[@todd2456]

$600K equity in the house and $150K in retirement is only $750K net worth. She's getting a lot of flack from the comments, but I totally see her point. If you're not cashing out the house, $150K in retirement is nothing.

[@martymcfly88mph35]

They're only 45 though lol 20 more years to earn.

[@thinkforyourself9334]

​@@martymcfly88mph35 the husband works. She doesn't plus they don't have much left over at the end of the month to "enjoy" life. That's the issue for her.

[@franciskeys9810]

All of these comments blow my mind. None of you seem to want a nest egg. You just want a spending spree.

[@titiharris]

Her issue is that her net worth is not diversified. She said they don't plan on moving. Most of her income is in her primary residence. They need cash investments outside of their retirement accounts. They are too focused on paying off the house early. An online high yield savings account with a net worth tracker would be great for her. I also wouldn't feel great if all my net worth was tied to my primary residence.

[@TheFirstRealChewy]

Exactly! Most of the money is tied up in their house.

[@15KHPCLUB]

Dave's "plan" was never designed for you to be anywhere near his level of wealth. It's designed for you to be middle class. Idk why so many people can't comprehend that.

[@simondave00]

True, it's designed to make you feel financially secure which isn't the same as wealth, but still way better than most.

[@justdl]

Yep. To get to dave you have to leverage your time. IE. Either sell something or start a business like he did or both. Dave sold his courses and books and is using his leveraging time in his business. Even warren buffet wouldnt be a billionaire strictly by investing. If he only did that he wouldnt be a billionaire even with a ROI of 20%. He was investing other people’s money with berkshire.

[@alk672]

Exactly. That’s my biggest problem with Dave. He’s also doing what he preaches, but that’s not at all what made him successful. Feels very dishonest.

[@erwina4738]

Middle to Upper middle class id say

[@RJ12347]

Remember your level of income and discipline can be a key role also

[@jimmymcgill6778]

The house means nothing. The house is not liquid. You cannot take out the money easily. The house is not going up ten percent every year.

[@thedopplereffect00]

You can sell the house before you retire and buy something cheaper

[@jimmymcgill6778]

@@thedopplereffect00 And not everyone want's to.

[@abhinavdeepsinha3036]

​@@jimmymcgill6778 what they want is a personal choice. That its possible is what matters. You can live in a 1 million house if thats all your money and feel poor or live in a 300k house and feel rich.

[@franciskeys9810]

Yeah, who needs real estate? It's only the primary way working people build wealth. Also, you're going to die poor.

[@chrisjecre]

My wife is the same way. Keeps saying we’re so broke. Just because she can’t just go buy new cars or go on shopping sprees.

[@RoyelNotRoyal]

🚩

[@Ink30]

Amen 😂

[@matethiustransport1374]

@@RoyelNotRoyal yup. My ex was like "I wanna be able to spend whatever I want at target" and finance EVERYTHING. We had over 6000$/month in fixed payments with 6500$ income. But I couldn't get her to even sit down and make a budget with me. It led to our divorce. And I'm sick with 35k in debt from that marriage.

[@chrisjecre]

In all fairness to my wife. I make enough to cover the necessities. She pays for some agreed upon bills and spends what she has left on whatever, but never more. I don’t mind that set up, I don’t like the complaining.

[@IrisP989]

Then she is comparing herself and you to other people that can afford to do that or just choose to do that (doesn’t mean that they can actually afford it). Are you broke though or is it just in her head and she is exaggerating?

[@03c5z]

With 100k household income you will likely never feel wealthy. Paying off the house isnt going to help you feel any better until its paid off. Focus on increasing your income and cash flow if you want to "feel" wealthier. Cash flow is equally or more important than accumulation in the wealth building processs. Focusing on reoccuring cash flow will often afford you financial freedom much sooner than simply accumulating then spending down 3-4% in retirement.

[@IrisP989]

Even with $200K plus you can feel like you are not wealthy. It depends what state you live in, if you have kids, if you know how to budget and what your lifestyle is overall.

[@blackworldtraveler3711]

All about location. More affordable places to live. And people need to get over their feelings.

[@newphone4349]

I don’t understand why everyone is so fixated on a million dollars, in 2023 that’s nothing, especially on the west coast.

[@johannesswillery7855]

Yes it isn't enough to stop working at 40 yo.

[@amireallythatgrumpy6508]

Nobody said it's enough. But you will always be better off with more than this amount (and being a millionaire) than having less than this amount. Nobody ever stops when they reach a million dollars, but it's a milestone you aim for to begin making progress. Once you get there you should have the momentum to carry you a long way past it.

[@amireallythatgrumpy6508]

@@johannesswillery7855 No sane person would even WANT to stop working at 40 yo.

[@johannesswillery7855]

@@amireallythatgrumpy6508 For sure.

[@critterdude311]

wait a minute, wait a minute, you mean to tell me... that earning and maintaining ACTUAL wealth, is not what the click bait / more spews more views generation on TikTok and KZbin says it is?!? In all seriousness though, this call is essential for young men getting started to hear. Even when you've done things by the book and 'made it', you can hear the disappointment in the woman's voice because she doesn't get to flaunt an extravagant lifestyle. Without the social status to go along with it many women would rather be broke and LOOK wealthy, than BE wealthy and fly under the radar. Take what you will from that.

[@ИринаНазарова-л6з]

Agree. Some people are happier staying broke and posting on Instagram how glamorous their life is

[@TheSilverLining22]

This was a good call to hear. My husband and I have been on the journey for 10 ½ years and do not have our house paid off yet and we are not that close to 1mil net worth either. It’s just a good reminder that not everyone can get it done super quickly like so many do. Comparison is truly the thief of joy.

[@danmeck5978]

I can relate. I recently realised I have 800k net worth and didn't realise. I am cash poor but asset rich, earning only 50k. I am working on increasing my cash flow.

[@IrisP989]

Do you own multiple rentals?

[@NoRegertsHere]

That’s awesome! Congrats!!

[@sp123]

800k net worth with 50,k income... Did you inherit a house,?

[@robertwilliams8887]

Dave’s plan is fine, but her problem is she has 800k but none of it is liquid. It’s all tied up in equity and retirement, so she doesn’t feel like she has anything today because she can’t really use it today.

[@donaldlyons17]

Yeah that is why I never liked the net worth sh*t. Why not talk about what can be used that is liquid? I personally only care about my income and buying power.

[@linuxsurfer2002]

Right but it's a plan for the future - not something to get instant gratification...

[@abhinavdeepsinha3036]

​@@donaldlyons17they can sell their house and move to a cheaper neighbourhood. Always doable.

[@ryebread447]

Assuming you have a home and a car, sure. And/or don't need a loan that u need equity/collateral something for ​@@donaldlyons17

[@Joy-fv8id]

I think she thought being a millionaire looked different. Maybe a little less practical. When we were making less than 25k a year, making double sounded like a dream. It feels just as squashed.

[@jayapapaya785]

She doesn’t know what’s net worth means.

[@heathermcconochie2572]

I’m confused why she sounds so despondent. She has an incredible amount of equity in her home.

[@drlax15m]

sounds like she wants more disposable cash

[@ericwright3798]

She probably has friends that go on exotic vacations and drive nicer cars than her. Sometimes even though you might be better off financially than them it can feel like they're living a better life than you.

[@TR0LLREIGN]

Maybe because equity in your home doesn't allow you to do stuff or buy stuff? :D If you have to live off of like 50-60k a year, then you're living a poor person's life, I don't care how much equity you have in your home.

[@brianwalker8759]

equity is a fairy tale. I paid xx dollars cashiers check for my home 10 years previously, it is nicer than the one down the block selling for 3.18 times xx. I still just have a house to live in.

[@alishadegroot9100]

She's still paying the mortgage. Equity in your house doesn't feel like anything when you are still making monthly payments. It only barely feels like anything once you're mortgage free because you realize you either need to sell your home or go back into debt to realize that cash. Even a 401K doesn't make the present feel fine because you can't turn it into cash for food (or luxuries) without penalties until a certain age.

[@lyndabrown3402]

I’ve been retired for 15+ years and have been drawing from my IRA for all these years. My balance is about the same as it was in the beginning, even with the Obama recession during this time.

[@simonpegg1196]

The amount of time it takes for people to reach their financial goals is different from one person to another. Genuine, clean hard work always takes time, but its results are long-lasting, and the fruits are much sweeter than money earned through loopholes and get rich quick schemes.

[@Ink30]

I'd rather get rich quick 🤣 working is starting to feel like a waste of life

[@johannesswillery7855]

Husband isn't becoming a millionaire fast enough.........

[@TravisSmash]

Hopefully she reads the comments and realizes she is in a much better position then she realizes. She’s got a wonderful setup at 45 (15 more years of potential minimum) to be placed into an even better position :) Hopefully she sees how blessed she is in her life otherwise take a trip to a impoverished country ;)

[@WeBeatMedicare6969]

First of all how do you not know pretty close what is in your 401k and secondly she said about 100k and Dave went from saying there’s 200k to then 300k lol 😝

[@A.--.]

The key to Dave's success is "30 years ago"

[@amireallythatgrumpy6508]

The key to Dave's success is he came from a time when people actually used their brain. People don't use their brain today which is why they fail .v

[@A.--.]

@@amireallythatgrumpy6508 Yes people like his friends the Bankers who give everyone debt to enslave them. Dave suports their system (mortgage, wall street, privatization, coorporate overloards) etc.

[@penguin12902]

Success =/= Rich. She IS successful. She wants to be rich. She's in the top 10% but she wants to be in the 1%

[@raiden031]

If real estate goes up 10% every year then we're in real trouble.

[@Harperrr.99]

Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. my monthly living expense is up $37500 from $16000 and I'm left wondering what retirement have in store for me 5years down the line, I'm ill-prepared tbh, my 401k worth about $620k and gains are zero-nothing and my stock portfolio?...OH WELL!

[@devereauxjnr]

Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.

[@MrGravity304]

@@devereauxjnr I wholeheartedly concur; I'm 60 years old, just retired, and have about $1,250,000 in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.

[@freedomisEexpensive-08]

@@MrGravity304 This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your coach?

[@MrGravity304]

@@freedomisEexpensive-08 Her name is "NICOLE DESIREE SIMON". I got to know her through my wife. She was handling hers effectively, and she's been doing same for me. It's my wife that has her number, but you could look her up and contact her yourself.

[@freedomisEexpensive-08]

@@MrGravity304 Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@TheFishingNomad]

She's a millionaire and doesn't even know it. Being a millionaire doesn't mean you have a million dollars in cash in a checking/savings account.

[@katherinecombs2621]

I'm so happy for them. A reminder that going slow and steady (with planning) always wins.

[@ddellwo]

Oh my goodness - this woman is making the huge mistake of thinking that people who LOOK rich are the ones who actually ARE rich! So many people who “display” a life of affluence are really nothing more than up to their ears in debt! I am in my late 50’s and looking forward to a happy retirement - and this lady is “boo-hooing” about reaching millionaire status FAR earlier in life than I did…….???? Unbelievable…….😂

[@9liveslisa]

Being rich means peace of mind financially and spiritually. You sleep like a baby.

[@alk672]

That was a voice of a person who did exactly what Dave teaches, did it very well, and now came to realize there is nothing on the other side of it. She’s in Seattle with $750k of useless illiquid equity in her home and $250k of useless retirement money that she can’t touch for another 20 years. She’s been affording nothing for the last 10 years, she can’t afford anything today, and now all she has is a piece of mind that she won’t die with nothing. I don’t think Dave is doing a very good job explaining the reality of what he’s preaching and the difference between what he did with his own life and what he tells you to do.

[@jeromehenry4484]

Excellent analysis & commentary. So many of Mr. Ramsey's supporters overlook how his bankruptcy actually HELPED his recovery & boosted his chances to be where he is today. If he had followed the same advice he tells his audience, he would still be working towards his first $1Million and not have rental properties & national show. Notice that most callers have at least a $100K annual income, as Mr. Ramsey puts it "a big shovel"; most of his callers will be out of debt (not including home mortgage, how convenient) in 3 to 5 years. So what about those that have national average income based on their ages? It's more likely to take 5 - 10 years to eliminate their debts (excluding mortgage), and that's just getting to *ZERO* Net Worth. The dirty little secret Mr. Ramsey doesn't tell his audience is he is not just a worker, he is & has always been an entrepreneur, which is a totally different mindset with different results.

[@alk672]

@@jeromehenry4484 he tells you to live like no one else so that later you can live like no one else. In reality, you will just always live like no one else.

[@tracygaluszynski1868]

She's a millionaire if she sells everything and lives in a cardboard box.

[@lyingdogfacedponysoldier5746]

She ain’t gonna make it. What’s next, is she gonna tell us that she’s not happy and needs to go find herself?

[@macturtle4904]

SHE DOES NOT SOUND LIKE A 10 YEAR LISTENER 👂🏿🇺🇸!

[@ryantilton]

Timestamp 2:41- That moment you realize there's no victory parade or balloon-adorned finish line when you become a millionaire. One day you just do the math, and there it is.

[@dantrikur-jy1tp]

She needs to set up financial goals. Think about them daily. It’s what keeps me going.

[@neeferpd]

Perfect example of why 15% is not always enough. If it were me, I'd rather have more of my wealth in investments and less in home equity if I were her. But we don't have enough details on mortgage payment and payoff date to have a secure opinion. I think that's what she was getting ready to say too.

[@SonOfMan-YT]

If she went to work they would pay off the house in 1-2 years. But she has to get up and work (if she’s physically able to do so). Dave never demands that the wife works…idk why

[@diamondcobra5150]

Traditional aged thinking would be my take on why. In modern times it's overly outdated.

[@markstoltzfus5276]

Literally 98 percent of people in the world are less wealthy than this woman. And yet she sounds defeated. Come on lady, you're almost a millionaire.

[@ComputerLinc]

I hope she sees this message. I am the same age and same thinking. We are at the age where if our grandparents and parents didn’t have much we feel we are going to be the same. I am so happy tor her that she is making it!!

[@lionheart93]

There are people far worst and live more happy . Don't focus on just building riches on this world as that becomes greed and it will never like you have enough thus leading to discontent.

[@shadowofanubis6669]

She didn’t start selling books about how to get out of debt. That’s the secret.

[@Traumerei112]

yea those books work my man

[@sp123]

😂

[@dale436]

Sounds like she might be considering "upgrading", as my friends would call it. All it would likely take is a sweet talking guy making $200k + a year to give her some attention. It's happening to good average men every day. The poor guy that's busted his tail to give his wife and family a good life loses half of it, plus maintenance, in a divorce settlement because they "did it together in marriage". If I was her husband and heard this I'd be worried.

[@sp123]

There's not enough men making $200k for her to jump ship unless she lives in a big city and is gorgeous

[@JudePi-jx7yo]

And not 44@@sp123

[@luisvigo3777]

She called to brag. She’s playing dumb. She just wanted to hear them boost her up.

[@blackworldtraveler3711]

She needs boosting. There financial situation is nothing to brag about. It’s just net worth. Nowhere near being wealthy.

[@spot_of_tea53]

Bermuda, Bahama, come on pretty mama.

[@Lady.Luck.]

She lives in Washington.. pretty high cost of living. 105k probably doesn't allow for a lot of disposable income

[@privacyplease1556]

She makes less than the median household income in Seattle. The median income is $110k. It’s no wonder she doesn’t feel rich. She makes less than the median family in her area

[@appleiphone69]

But now 6 figures is nothing with the past 3 years of inflation. 250k combined in 401k being 44 & 46 is pitiful. She needs to raise her income up. They will need about 1.8 million to retire comfortably. Pulling 3% out to live on. Which is only 54k.

[@NaNa-lt1po]

Mid-40s.. 250k is not enough, though . Same boat here..

[@drewstrongitharm9680]

Why does Dave exaggerate so much. 600 in equity, 150 in retirement. That’s 750, a full 250 off. That’s another 10 years before they get to a million

[@DebtFreeDad]

Comparison is the theif of joy

[@micon9460]

Getting a 15yr mortgage and trying to pay it off faster is even more financially irresponsible!!! Do a 30yr mortgage, save the extra money to buy several rentals. Dave's way is not the only way. If your decent with money you don't need Dave "the smug" Ramsey

[@NatalieS-kh3ck]

She's unbelievable. She isn't working and is complaining. Unreal.

[@TShirtAndReeboks]

Her investments will grow and they will continue to add 15% each year (~$15,000). They will have plenty of money, plus once the house is paid off they will have more to invest with.

[@darthenx2585]

Sounds like she's tired of living poor and want to start enjoying life now.

[@BadWeatherfreak]

Ohhh how big of a problem is only making 105k a year, owns 700k home and 200k in retirement. Here I am owing 90% of my home. Only 24k in 401k and like 200 in savings making 80k a year.

[@fluffhead917]

I will never understand anyone that has no clue how much they have in their 401k.. You should probably know..🤣🤣

[@drlax15m]

right? they mail you a quarterly update even if you’re not checking online

[@alishadegroot9100]

Because it changes daily (by the minute even) and most people can't draw from it without penalties for decades. What's the big point in checking on an account that has money I can't touch?

[@Bullets4Bucks]

Lady doesn't know how good she has it

[@supaboy47]

This is the problem with social media. A lot of people doing the good work look out to social media and are down on their lives because they envision others flaunting are doing better when they are liking in debt and miserable. This is heart breaking

[@eos_2366]

I agree. Many people are comparing themselves to others on social media. They don’t realize that most of these attention seeking influencers are only posting what they want to be portrayed as and not their flaws and downside of things.

[@franciskeys9810]

Everyone is crediting her. She hasn't done anything except scroll on TikTok and dream about instant riches. Her husband has done very well and continues to do very well. She continues to doubt him. I'd bet she's about two steps away from filing for divorce and looking for a bigger better deal.

[@lafan023]

She thinks a millionaire is having that in the bank and ready to spend, not having it invested into real estate property and stocks.

[@XFizzlepop-Berrytwist]

I kinda think this too, maybe not the stocks part. She just sees a house as a house, and not part of the million dollar status. Which I think a lot of people dont, including myself honestly, I understand it, but I still dont see it that way exactly. If that makes sense. Not being a millionaire, unless you have it in the bank/stocks/CD’s etc.

[@rayhill5767]

Take a vacation. Air bnb a nice house for a few days. Relax Too much fear and not enough living

[@jmorris023]

Well Allison, let's get real. If you're comparing yourself with Ramsey, you need to become a finance guru and write multiple books. Come up with a schtick like Dave did, his persona is religious southern grandpa and a lot of financially-illiterate people like that. That's how he did it, he didn't work and save every year.

[@whobeyou5342]

Religious, southern grandpa😂 yep.

[@minnesotamerry8672]

I've worked Dave's plan and am almost a millionaire. Without the plan, I'd be dead broke - he's helped countless of others to do the same

[@15KHPCLUB]

More like Type-A Megalomaniac and False Prophet.

[@mambofuego5101]

Dave made his money in information marketing and selling courses. -House hacking properly WILL make you rich.

[@zjohnke1]

So many people want to see $$$ in their chequing account. When they don’t see that they think they are not doing well.

[@franciskeys9810]

You misspelled "spend".

[@GodSaveTheClothes]

They are doing great! I wish I was where they are right now! Almost 40 $387,000 mortgage, only 20k in retirement 😭 no debt but keep having to use our emergency fund to fix our house and cars!