Are We Financially Ready to Get Married?

[@patricksanden3575]

She has $15,000. With -$8,000 on a car loan and -$5,000 for the wedding. That leaves her with with +$2,000 herself. He has $45,000. With -$6,500 on student loans, -$16,000 on a car loan, and -$5,000 on the wedding. That leaves him at +$17,500. After marrying, that leaves them at +$19,500. That’s baby step 4 automatically!!! BABY STEP 4!!

[@nehemiahstewart]

They most likely had other plans with that money and it bust his bubble when Dave said that. But if you call Dave the answer is always going to be to pay off your debt lol.

[@patricksanden3575]

@@nehemiahstewart True. They I’m sure wanted to buy a house, that’s still almost $20k for a down-payment on a home. They’re on 3B at minimum. But you’re 100% right, if they’re calling, the answer will always be the same. Pay off the debt.

[@wewhoareabouttodiesaluteyo9303]

And if they were to divorce $11750 for her and $9750 for him

[@johndone8045]

20k is no good for 6 months Save the cash and never pay off your car early, and never finance a car higher than 3% so the interest will never be a problem

[@suitedjames]

@@johndone8045 Ah yes I'm sure that's what Dave teaches, take out finance and don't pay it off early. You're a fool.

[@fireseeker4him]

I don’t understand people who call up and say “I’ve been listening to you for a long time” and then proceed to tell Dave how they’re not following his plan.

[@960junebug]

Some people just keep making small payments and let the interest keep compounding so that they can look at their bank account and pretend they have more money than they actually do.

[@livingunashamed4869]

Mic drop ......

[@rodrigobelinchon2982]

well, in case an emergency happens, you have cash today, you have room to manouver .

[@xenakaifinancevideos8650]

They’re right about paying off the debt. Psychologically, you think you’re more broke when you pay off debt but in reality their net worth will still be the same.

[@triple_gem_shining]

Everyones a personal finance expert until we talk debt

[@madmattsx5000]

Right because you’re one step closer to owning what you’re investing in, and it’s still there! Biggest thing left unsaid in financial management advice.

[@arethouready]

yes this is so true and if you feel poor after paying something off it might mean that you couldn't afford it!

[@raceaddict3212]

There better off in the longrun from beating the years of interest they would have kept paying

[@aolvaar8792]

In 2010, $200K houses on my street sold for $40K CASH Only. In 2020 they sell for $300K. There are all kinds of deals, when no one has Cash.

[@nehemiahstewart]

Ya'll, lets stop asking Dave what to do if we have debt. Just pay it off.

[@faraycio5932]

This is just the best comment ever wow

[@mbank3832]

so simple and straight forward but unfortunately these kids aint thinking straight, my guy

[@denell4556]

I agree with you Nehemiah

[@johndone8045]

Wrong, the interst rate is what matters most

[@RaymondDawson-v2w]

So true so simple. No one with two functional brain cells needs to ask how to pay off debt if they're serious.

[@willelliott5052]

He likes to stare at that $45k in savings while turning a blind eye to the offsetting debt.

[@aolvaar8792]

agreed, He thinks I'm rich!

[@poodie3887]

I fall victim of the same thing, I have $622 debt left to go and 3k in my checkings

[@MillionaireMindsetClub]

He doesn't sound too convinced by Dave's opinion 🤣

[@Jon_Doe]

Half his callers already have their mind made up n ask questions for som they already know the answer to

[@genxx2724]

He might just need some time to process it.

[@boblangworthy]

Neither does Chris!

[@Soljarag5]

"After the honeymoon, you are going to knock it out ". Yup... That is solid advice

[@lincolnwithmanny8837]

The worst thing is someone who has money to pay off debt but doesn't pay it because they think debt isn't costing them anything or is okay to have it.

[@juliettezea9507]

Most people’s parents can’t pay for anything on their kids wedding

[@chalimi.fithratu]

Mine pay

[@juliettezea9507]

@@chalimi.fithratu privilege

[@Kevin-jc1fx]

Kids should not get married though. If they can't pay cash then they are either looking out of their league or they are not ready yet. Also depends on local culture.

[@juliettezea9507]

@@Kevin-jc1fx I don’t mean kid as in below 18 years old. I just hear that a lot of moms and dads do pay for some of their adult child’s wedding, which is ridiculous

[@IWantToMature85]

​@juliettezea9507 they pay as a gift. Once they are married, the couple will pay for a lot of things.

[@BagsNBaguettes_327]

I would never expect my future husband to pay my car. People need to start taking care of their own debt before getting married. I don’t agree with paying off anyone’s debt. Married or not.

[@nameisjosh4243]

@@thedaveramseyshow4403 how did you get the same KZbin name as him

[@calvinmiller3044]

I hear you. My wife was the same way and it took me a year to convince her to help me pay off her student loans. But it’s different when you do it together and it pays down faster, saving the household a lot of money. Most people get married with some debt, especially if they marry young. A good marriage makes you a better person and motivates you to get your act together.

[@clintonbell5311]

Classic Dave/Chris team up. Love it

[@beeezeee1783]

In other words, his baby step 1 was 3-6 month emergency fund. Don’t try to tweak the program!

[@brotherlouielouie6072]

"pinky swear and start writing checks", that's the quote of the day folks

[@CaseyBurnsInvesting]

Pay your debts off dude.

[@doctorbonzo5457]

Caller: I love your program, I really gravitate towards it. Dave: my program says pay off your car Caller: uhhhh, I don’t know 🤦🏾‍♂️ (looks like you don’t actually love his program that much)

[@TheSharaya]

Gosh it amazing me how people don’t realize what marriage means! YOU 2 are ONE. Her money is his money, his money is her money. You inherit EACH-OTHERS debt. Don’t get married if your unwilling to sacrifice for your family. It will make your family be in a better place than you’ll be if you stay stingy, entitled, and single minded.

[@commandershepard9601]

Sounds great until she leaves you high and dry after you paid everything off for her. Hypergamy floats.

[@wewhoareabouttodiesaluteyo9303]

Shariah, no it is not. If you do not believe it, it will not happen that way.

[@wewhoareabouttodiesaluteyo9303]

@@michaelpalumbo4880 I think it shows that one gender (not males) do actually believe they are entitled to everything. lol

[@wewhoareabouttodiesaluteyo9303]

@@michaelpalumbo4880 He needs the female demographic and they are the reason why males are in trouble, financially, and needing his help. Notice how most of the people who call in are married and not single.

[@idg693]

@@michaelpalumbo4880 i watched a lawyer speak about this on TFD and I think he said quite the opposite. Will have to rewatch that and research lol

[@estyria5961]

Our wedding, in a church, cost right about 2k. My parents paid for it as a gift, and it was nice. It's incredible what you can do for 2k.

[@thedaveramseyshow4403]

For financial advice from me...

[@thedaveramseyshow4403]

thedaveramseyshow8....@....….g....m....a.....i....l....c....o....m...

[@juliettezea9507]

2k is expensive

[@alycewich4472]

@Estyria - Neither one of my sons and wives had weddings that cost that much. One pair had it in Garden of the Gods here in Colorado Springs with just the immediate family and the other pair hiked into the mountains and videoed their vows in the forest. No special gowns, bridesmaids, groomsmen, etc. for either one of them. Mine was a lot more, $600, 49 years ago in a church, with bridesmaids and groomsmen, I made some of the snacks, my aunt made the floral arrangements and I got a wedding dress in a smaller size to fit my torso rather than getting one that fit my shoulders and have to have it altered. All the other dresses were handmade by talented family members. I know it was a long time ago, and we only had the basics, but I cannot imagine having to spend $15,000 on a wedding!

[@stefanossmitty3318]

They’d do even better by skipping a wedding completely and going to the courthouse 🤷🏾‍♂️

[@wewhoareabouttodiesaluteyo9303]

Or forget the courthouse. Just have a small wedding and do not allow the state to see it as a wedding.

[@stefanossmitty3318]

@@wewhoareabouttodiesaluteyo9303 true. That works too, especially in the current climate.

[@staceystrukel1917]

Thats a personal choice. Not something to comment on.

[@stefanossmitty3318]

@@staceystrukel1917 except he’s calling into a national program and putting his “personal choice” into the public forum 🤷🏾‍♂️

[@RagingAbout]

Spent 20k on my wedding when i was 23; best money i ever spent. Although my financial situation wasnt the same as theirs

[@TheSharaya]

Me and my husband got married 2.5 years ago with less than $1000. We are happy and we are currently working on paying off our debt. TOGETHER. Cause we are one.

[@imieshiadanielle]

They both had enough saved to pay off their cars now. I think maybe Dave got the numbers mixed up

[@eldermillennial2000]

Maybe I'm too much of an introvert, but the thought of spending. Whole day being "on" and entertaining others sounds so draining to me. Glad I got married at the courthouse

[@wewhoareabouttodiesaluteyo9303]

If you are male, that was a bad move. Now the courts know to financially fleece you.

[@552mustang]

Yeah you're just an introvert. Not unusual. Infact I don't like going to any public places with a lot of people, and doubly so if I am a focus like a wedding. Id be so scared/ stressed.

[@umairahmad4711]

Make sure not to spend large amounts of money for the wedding because it’s useless and has no benefits .

[@tigger6186]

We did our huge wedding and 2 week honeymoon in Florida for under $5,000 back in 2005. We spent $1500 for the wedding and $1000 for reception. Then we splurged on the honeymoon and spent $2500, including lodging. You just have to know people, be patient, and learn to compromise one a few things.

[@anthonyparker3713]

It’s not useless. Don’t be stupid. It’s useful in the fact that you’re making a commitment in front of family. Marriage is useful for a multitude of things do so is the ceremony. Don’t be so nihilistic.

[@lindsay833]

@@anthonyparker3713 It sounds like you conflate "wedding" with "marriage." My grandparents got married at 18 in the local courthouse. Spent next to nothing. They have millions now, and are still together. Trust me, you don't need a huge wedding.

[@wewhoareabouttodiesaluteyo9303]

@@anthonyparker3713 Marriage is not useful for anything

[@anthonyparker3713]

@@wewhoareabouttodiesaluteyo9303 completely disagree. It’s useful for life. It means you’re oriented properly into the world.

[@HappyCrackers]

I need Chris on more of the shows. His voice I was not expecting.

[@ggreddy3568]

Don’t use entire savings to pay debt during pandemic..make a plan to use a portion of money to pay off slowly...what if you loose your job . Debt can wait but you have to survive and get food on the table during job losses.

[@dr.bradshaw]

I just got paid today and none of it goes to any banks. Feels good

[@thedaveramseyshow4403]

For financial advice from me....

[@dr.bradshaw]

@@thedaveramseyshow4403 mill

[@denis.morais]

Hi Dave, very good content you are broadcasting. Regards from Brazil.

[@madmattsx5000]

They live in Atlanta too God bless them

[@anthonylozano8035]

“And when you get married you’re gonna pay off her car” 🤦🏿‍♀️🤦🏿‍♀️🤦🏿‍♀️🤦🏿‍♀️ oh Dave

[@andrew8168]

Shes out and takes half once he pays everything off 😄

[@lonelydogclub]

Uncle simp strikes again.......

[@alexg3348]

at 2:30 he really doesn't want to pay off his personal debt... silly boy

[@michellerichardson3090]

Yep.

[@fhuber7507]

You will never get married if you waituntil you are financially ready. You can be approuching finances in a good way or not.

[@chalimi.fithratu]

But they are financially ready 😅 they just don't like the thoughts of paying off the debt in full

[@HaleySanchez22]

Good afternoon everybody!

[@thedaveramseyshow4403]

For financial advice from me...

[@thedaveramseyshow4403]

thedaveramseyshow8....@....….g....m....a.....i....l....c....o....m...

[@crissieasmr7765]

Did I miss something? They both have the cash to pay off their own debts asap with cash to spare for the wedding. ? 👌 that’s not a problem?

[@thedaveramseyshow4403]

For financial advice from me...

[@stevenroshni1228]

People rather have extra cash than be debt free!

[@gabriellejones6451]

Lol “pinky swear and start writing checks “

[@tomdrummy4984]

Caller knows they are not financially ready to get married

[@xI2eveRsaL]

Well they are from what it sounds caller is not ready to pay his upcoming wife car and his debt.

[@KennethChristian]

The way he said “mmhmm” 😂

[@renzokukenleonhart]

In this day and age, his real question should be "am I financially ready for a divorce?"

[@5amGrinding]

Start writing the checks ✍

[@1.5Koreans0.5American]

It’ll take decades to get financially ready to get married

[@chalimi.fithratu]

No 😅

[@stevenpeltier1376]

It will if you never start

[@solascriptura5980]

I love Chris's booming voice

[@xI2eveRsaL]

It's simple once married it's not my money it's ours and if that's hard to grasp. I'm just going to say it now you have a great awakening. Your debt is hers aswell vice versa pay all debt now! Both income combined no debt more saving manage your money now at a clean slate save up your money get yourself in position to buy a house then think of having kids. Well my 2 cents who am I to tell you what to do.

[@kimberlysh88]

Our goal is to be debt free before we get married in July 2022! A small, inexpensive wedding is the plan!

[@defaultgamer34857]

Hope everything went well!

[@kimberlysh88]

@Bigboy Games it did! Thank you!

[@christopher_so16]

God dam...the co host had a great voice.

[@clayhealey8428]

If I wanted to contact the Dave Ramsey team? How can I? I'm on step 6 before I met this channel.. I have have some content I think would be awesome for the channel..

[@michellerichardson3090]

If you dont want to have to pay off your spouses debt, get married AFTER there is no debt.

[@BrianMolstad]

You don*t need a wedding. $60 to the county Justice of the Peace will do. Great savings.

[@ultimaetsolder]

My condolences.

[@ianmowbray3284]

She’s not giving anything to the wedding 👰🏼 lol

[@idg693]

It’s like Dave said... he’s always gonna have a job... people asking him the same things that he’s been teaching. I’m surprised this guy said he really liked what Dave teaches but couldn’t bring himself to pay his debt off.

[@rodrigobelinchon2982]

I don't get why is good to pay off a loan with all your savings , that gives you zero room to manouver in case something happens .

[@chrisstaub5880]

Exactly, the idea is to get rid of debt fast, and having minimal savings should help provide motivation to do that. Besides, if draining your savings to pay for something leaves so little remaining that it makes you feel uncomfortable, it usually means you shouldn't have bought it in the first place. That's why Dave told the caller he should just sell the car if he's not wiling to pay it off in full now.

[@rodrigobelinchon2982]

@@chrisstaub5880 Thank you for answering . I respect that many people follows the strategy you mention and works for them , my point is that , yes , mistakes were made, so let's not get new debt , let's try to pay as fast as possible, but let's not destroy cash reserves that can be crutial in the event of an accident , pandemic , sickness, losing a job or similar. In case something like that happened to someone like the caller, if he had paid off the debt and something happened, he would be in a terrible situation, but , if something happened and he had all of his cash , he would have a few months to find a new job, or work out something before being in a desperate position.

[@future_trunks_23]

Beautiful smile in the thumbnail.

[@anthonyn.3575]

My thing is, you got yourself into that debt BEFORE we got married, so continue to fill that hole to get yourself out of that debt. Just because we got married does not mean that now I’m your floatation device to get you out of that hole that your buried yourself in. Sounds cruel, but hey, it is what it is.

[@Huschai3]

Can’t wait until I’m debt freeeeeeeeee!!!!!!!

[@Ninja-qm8bp]

Dude...$5,000 for a wedding...I know that’s normal, but it’s still INSANE

[@stevenroshni1228]

If you want all your guest, even something cheap per guest adds up. And then all your vendors are going to squeeze out double once you tell them it's a wedding (as opposed so some other party).

[@euracateopacaratosi3328]

A women finances and work ethic is very different before and after the wedding

[@bjojosimpson]

Chris' reaction

[@danie4819]

Adapt to minimalism....get married and elope lol no fancy wedding

[@appendix-q6k]

He needs to research divorces and how expensive they are.

[@ashinkledinkle]

I'm not using all my savings to pay off my debt in a pandemic and a recession. Especially on a low-interest debt like student loans. Sorry Dave ✌🏾

[@thedon7845]

Hang in there Nick

[@likegods]

Buy PSEC before marriage

[@wewhoareabouttodiesaluteyo9303]

Good stock

[@likegods]

@@wewhoareabouttodiesaluteyo9303 that all I own

[@wewhoareabouttodiesaluteyo9303]

@@likegods Diversify with some ETF to supplement. It did well throughout this pandemic and so we can see that it is definitely a real deal type of stock.

[@likegods]

@@wewhoareabouttodiesaluteyo9303 I get your point and I agree with it , for me at my age dividend will help me accumulate other assets , I'm all in on PSEC

[@wewhoareabouttodiesaluteyo9303]

@@likegods What if PSEC jumps ship?

[@user-yz2gp9wd5x]

I guess the dude just wanted to go on a nice honeymoon from their savings.

[@I3CuBeD]

He’s not gonna do any of that...smfh.....at least they are savers so they will be OKAY....but why pay all that interest each month for nothing smh

[@DownWordGames]

Financially ready to get married?? If you're asking that question DON'T GET MARRIED. You must not know what marriage is!

[@AH-up8zh]

Hahahaha big savings huh? 60k 😂

[@stud6414]

Why are these people marrying!?

[@joalhalen9201]

Nope

[@kaylatrausch1394]

I wish more people would elope or have micro weddings to save money for bigger purchases. Kids, debt, house, etc.

[@Water4Mart]

No! You are never financially ready to get married, don't even think about it! LOL!

[@samph3315]

Ramsey's basically a grifter "buy my books."

[@SarahOpossum]

Wow, an author wanting people to buy their books 😱 🤣

[@Thefamousgreen]

I make 25 dll an hour. I make trash money :(

[@portertn123]

Are millionaires not middle class?

[@normajeane507]

Upper class

[@perotal]

Nick, I am going to give you an early wedding present: Don't get married. You are welcome.

[@Mint-kj9kw]

I'm sorry you came from a broken home and have seen no examples of married couples madly in love with each other.

[@braedenreed4052]

Lol @angie is straight trippin hahahahaha

[@todd2456]

Savage.

[@wewhoareabouttodiesaluteyo9303]

@@Mint-kj9kw Reagan signing the no fault divorce bill is enough. It favors the female, forget it! All my hard earned money is going to subsidize equality.

[@TAPPChannel]

Greeting from poor drone operator in Atlanta :) Our downtown has the best skylines in entire US :D

[@mister_ray]

There no compelling reason to have the state sanction a relationship.

[@thedaveramseyshow4403]

For financial advice from me....

[@pcluvsmusic]

If I had an extra $45k, I would I buy $20k worth of TSLA & AMZN stock and save the rest.

[@umairahmad4711]

Yes and then build my real estate portfolio 😂👌

[@todd2456]

TSLA is expected to halve this year. Watch out ....

[@pcluvsmusic]

@@todd2456 If TSLA dropped to $300-$400, I would continue buying on those dips. Besides, that's why I keep my OG stock AMZN as a hedge along with an S&P 500 Index fund.

[@todd2456]

@@pcluvsmusic BRUH !!!

[@wewhoareabouttodiesaluteyo9303]

If those tank, you are at a loss. I never buy growth stock. Okay, I did with Tesla, but it went down. I could never keep a stock for more than a month unless it is a dividend payer.

[@DelicueMusic]

I’m just saying, most of the people who call have simple names. Sounds like it’s not all their real names lol

[@goodoljackburton9211]

Stay single, my dude! No child support, divorce, alimony. Your wallet and retirement will thank you later😎

[@Newtttton]

not forever....family is priceless and beautiful

[@thedaveramseyshow4403]

For financial advice from me....

[@michellerichardson3090]

You have to add celibate if you want to avoid child support lol

[@vivianbouse8523]

deeppurple

[@aaronosborn7395]

Why get married?

[@mallorysplace303]

Nik, marriage will suffocate those finances Invest it all on your own

[@TheSharaya]

That’s not good Ramsey or marriages advice

[@johnmirbach2338]

😁✌🖖👌 👍😎

[@thedaveramseyshow4403]

For financial advice from me...

[@thedaveramseyshow4403]

thedaveramseyshow8....@....….g....m....a.....i....l....c....o....m...

[@olegsimonyan7636]

First comment

[@TheNaim116]

First reply

[@Water4Mart]

If you don't plan on having children, don't get married...LOL