Cut Up Those Credit Cards so You Can Actually Chase Freedom! | August 23, 2024

The Ramsey Show (August 23, 2024)
📱 Watch the full episode for free in the Ramsey Network app. ⮕ ter.li/s04e3d
Ken Coleman & Jade Warshaw answer your questions and discuss:
- "How do I stop living paycheck-to-paycheck?"
- "How do I deal with financial fears?"
- "Should we sell our car to pay off debt?"
- "My dad was a victim of a romance scam"
Next Steps:
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[@SuperMooshi]

Bring back the full episodes to YT!

[@BT-mc2yd]

Jade and Ken are THE best duo. They’re both incredibly smart, humble, and wise! In addition, you can tell they actually like each other and they have FUN! So great to watch

[@arianathetechie]

Jade and Ken are the best personality duo! Such great vibes you can tell they support each other 🎉

[@melissasesma3218]

Hahaha Jade is so cute ❤ buying her own books 😂

[@KittySlay1million]

Jade and Ken have a great dynamic that is really enjoyable to watch.

[@KuzKuz11]

Jade and Ken take you thousands of miles further into a successful future

[@lags34]

Put the whole show back on KZbin. The app is annoying to use.

[@Happy_crab630]

I agree. I don’t even understand why the did that.

[@lags34]

I'm a fan of Dave and I can't say I blame him, but sometimes him pushing his brand is obviously his number one priority. Not his listeners.

[@TheCarines1]

I agree. They’re literally trying to FORCE the app on us. Not interested at all.

[@anniethomas451]

My heart breaks for the son whose father is being catfished. I watch Social Catfish every week and this reminds me of one of those stories. I believe the father had sent over $300K and the son was appointed as Conservator. I hope this is what the family will do.

[@charliworgan9833]

Love Jade and her and Ken are a great hosting duo! Still can't get the app in Australia... have missed the last part of the show so much

[@TheOriginalMrB]

Finally, they have fixed the video playback on the app so it works. Before it would buffer infinitely (wouldn’t play video at all), now it starts playing right away. Now they just need to fix the display mode so you can have the app in landscape mode, and get the app released internationally. I don’t know why they rushed this switch over to the app, it just isn’t ready. If they had done a little more work they could have made this a lot better experience for their audiences. Now they’ve set the bridge on fire and trying to put out the fire is way harder than if they had made sure the bridge was stable first before diverting traffic onto it.

[@jjkatz]

My job ( RN at a health insurance company) gives a paid month long sabbatical every 5 years. This is on addition to our regular 4 week/ year PTO.

[@aileenbadua3936]

Is this a remote job? How to start in this kind of job? thanks!

[@katherinetyrrell8810]

LOL -- yup, I have trauma from my 3 kiids riding in my car.

[@kristencampbell5533]

I never got a raise at my midyear reviews, only once per year at most jobs during annual reviews. So I would have been happy with any raise at 6 months in. I think this would also depend a lot on what his starting salary is. 50 cents per hour is $1,000 per year. That's a 3.3% raise on a $30K salary ($15 per hour), which is pretty good, especially for a 6 month review. But it's only 2% on a $50K salary ($25 per hour) or 1% on a $100K salary ($50 per hour). So it really depends where he's starting in his salary.

[@Rachellove958]

Loved 🎉that song 🎵 😂😂😂😂😂😂 take this job and shove it 😂😂😂

[@ElloAsty]

Ken and Jade are a hosting power-duo.

[@sweetkatie]

Facts!

[@TimothyFish]

Nope. I'm not doing the app.

[@robertmrozek-8523]

You loose.

[@bettedavis9261]

​@@robertmrozek-8523no, I think he's tight.

[@laurab5849]

@@robertmrozek-8523*lose

[@gracemu3]

Love Jade & Ken!❤

[@spaceman7922]

Sucks I’ll never get to see the last bit any longer. I use KZbin.

[@zenal3036]

Wonderful advice! Love this duo.

[@Cheeseburge40718]

Jade bought it first because she has heart. Chiming in 😊

[@rnarzu]

I am so for that teacher just going to work 3 years and take off a year show me working happily a much longer content teaching life.

[@treelover1050]

I KEEP 2 CREDIT CARDS. IF I USE ONE,I PAY IT OFF EACH MONTH. CONTROL IS THE KEY. SAVE UP IF YOU WANT SOMETHING AND PAY CASH.

[@marypladsen5231]

I had some years at a long time place of employment with no raises - even though those on union contract got raises. In compensation one year we were allowed to wear jeans to the office, and after another couple of raiseless years we were given another week of vacation. I looked for a part time job. Not a good solution but it was something.

[@Kenobimoose]

.50 cent in your first 6 months is pretty standard

[@amireallythatgrumpy6508]

Half a cent is not a raise. And numbers NEVER begin with a decimal point.

[@DPConnect-z4c]

Don't be definitive in saying a 50 cents raise is bad, you've got to put it in context. For example 50 cents is 3% of $16.67 and 4% of $12.50. Did the person mentioned their hourly rate of pay?

[@kristencampbell5533]

Exactly! They never mentioned their starting salary. 50 cents is $1,000 per year, which is substantial for some people and not for others, depending on starting salary.

[@lynneblackwell1770]

Same thought. What percentage is that 50 cents of the pay rate?

[@silentcity5292]

Shame you can no longer access the last part of the show in the UK because the app is not available. I understand you want to drive people to the app but it seems like a short sighted decision.

[@robertmrozek-8523]

Get serious

[@patevans1111]

Make the app available on Apple TV already, or even better bring it back to KZbin.

[@USMC6976]

You need to track your expenditures and compare it against your budget. Many people fail at budgeting because they never track actual expenses. They guess at what they are spending, but never check to see how accurate they are guessing.

[@nikkibadzik3948]

How do you figure that out?

[@MONI-bj1ms]

​@@nikkibadzik3948save the receipts and subtract the amount

[@BlahDeDah7]

@@nikkibadzik3948 pull your bank statements for the past few months and tally it up. Or start new with the next month and track everything. It’s a little cumbersome but it really shows you how much money you spend on stupid things and/or how quickly those $10 purchases add up.

[@nikkibadzik3948]

@@BlahDeDah7 thank you! I appreciate it. I'll try bank statements first and see how far I get.

[@lauriemotley2566]

Using the EveryDollar app helps too. I knew I was spending more on eating out(I work 2 jobs plus trying to keep up house sometimes I’m just too tired to cook) but looking at how much I’m over in that category is eye opening

[@mohamedhassan1722]

I think Dave should have been here to answer the last caller's question about busines partnership... I thought the questions were higher grade than Jade and Ken. The caller didnt get a datail answers about his questions. He should call when Dave is here.

[@amireallythatgrumpy6508]

Dave does not work Fridays. He has not worked a Friday in 3 years. Yes the caller should have called when he's on.

[@_nellysunshine]

The episodes haven’t been hitting as much. I’ll stay subbed for another day. Great episode! 😂

[@larryh2161]

The .50 raise also depends on what the guy was making per hour, I didn't hear that

[@abbyhill8631]

When I grew up we didn’t eat in the car. Maybe a piece of fruit

[@mattmoon5300]

Eminem would be proud and impressed by the title. Bars!

[@sharonh8121]

A $0.50 raise is about what I've been getting since 2007. Because my pay rate started out on the low end of money (minimum wage in NY) - getting slim percentages each year meant the raises are about that average each year. I can't even imagine getting a $1.25/1.50 raise per year. To me that would mean a job with way better skills (w/college background) than just an office job.

[@debjacobe3099]

I did the math and a 3% raise on $17 per hour IS about 50 cents. We don't know how much the caller was making per hour.

[@twyiatv]

Lol. Cutting the card don’t mean shisssssh when you remember the number. 🤣🤣🤣🤣😳

[@withoutlimitsbudgets64052]

It would be nice if every dollar was user-friendly for those were disabilities! I am blind and you’re every dollar does not work with voiceover with iOS. Is there anyway for you guys to get your technology department to update that so that every dollar works for people who are blind? 5:09 5:12

[@MONI-bj1ms]

I suggest you email them or leave a voice-mail. This is too important for the comments. I hope they can help you.

[@cherylbo888]

Are the daily planners eventually going to be shipped worldwide? Im in Europe and I really want to order a couple of them for friends and family but the pre order is only available for the US. 😮

[@kathyblooflat7217]

Caller at 46 mins, my ex husband is the exact same thing, thinks it is the love of his life. All his retirement accts are emptied. I had to divorce him after being married 43 years to get his name off the title because the scammers had tried to start 3 loans against the house. The whole family has bought identity theft protection. He just sold his truck to give them the money from that. I am keeping him in the house because he can't afford to live on his own on just his social security. This has been going on for almost a year. We found out just recently that he has dementia. Our family is holding together, but this has been very difficult.

[@johnmitchell8925]

This podcast is one big add

[@alleykeosheyan4779]

.50 cents an hour? What is this, 1984?

[@shionajoseph3248]

Depends on what industry he works in and his hourly wage. It maybe standard. We only get 1.5% in healthcare

[@MsValiG]

Oh nice, all those people taking vacations and time off work like that, it means they can afford it and also they can take care of their parents so we don't have to is it getting ridiculous at here to have 40 residents in one building and I'm the only nurse so think twice before you go to a nursing home or you put somebody in there

[@2dodger2]

The app? I always use youtube captions because when people mumble or the connection is not good, I can understand everything. KZbin provides great captions for the Ramsey show. Can you provide captions on your app for the second half of the Ramsey show????

[@MONI-bj1ms]

I suggest you email or voice-mail that question. It's an important one that won't be answered here

[@Keeter94]

I think it’s crazy that I am supposed to download a whole app just to watch one podcast/show. when I can watch 100 different podcasts on this one app

[@TheCarines1]

Ummm… no one is leaving to watch on the app. Your viewership will decline by doing this

[@msparr01]

I always listen to the start of the "debt free" stage. When I hear income of $185k to $215, I skip through the whole thing. Only a total idiot can't get debt free on that income. I became debt free at 60, 4 years ago, but rarely ever made above $40k as sole provider. We spent 25 years on baby step 1 working 2 jobs. We never had a baby step 2. Piling up cash, saving for kids' college and retirement were completely out of reach. Finally, at 64, we have a wonderful life that I could have never imagined, but only after 35 years of working very hard. "Debt Free" isn't our scream. It's no more corporate stupidity. We are free!

[@rnarzu]

The gaps in the teachers career is for personal growth

[@cbquibinit]

The Ramsey App is not available in the Philippines :(

[@rodhalljr]

190k in savings in 2 years? thats a crazy savings

[@SueSimpson-e7h]

I wish Ken would not cut in when Jade is talking. She was dealing with the question really well.

[@Ata5ll]

RIP, no dates in title anymore..

[@HappyTraditionalWife]

I can’t say I have ever spent more money using my credit card because I use it like a debit card and I have good self control.

[@Cisco-PROR]

Same here always kept Dracos the use paid it off every month now we’re traveling on point. Never paid interest on a credit card bill.

[@rachaelholderman9677]

my husband does this and was just notified by Capital One that they will be decreasing his credit limit.

[@Nardaa-ox3be]

I spend more when it’s a card.

[@deb9806]

i use debit and credit the same, all cards are the same to me. I pay as I go and do it that week not monthly. I love the safety of regular credit and having 100.00 in points on my amazon account from regular buys and 40 on another card is just a "perk". I wont have to use a card to get my next pair of sneakers.

[@Trustbutverify2651]

@@deb9806 Sam here - I check every morning, pay off as soon as something posts, and watch prices. I love Amazon and Sams points and certainly don't spend more as I shop prices.

[@hamakaze1364]

Really find them pushing the app so much annoying, that app crashes too much and stops playing the podcast, I listen to this when I'm preparing for the day and such so seems like I must look elsewhere soon for edutainment

[@bettedavis9261]

Try The Money Guy Show. They are fiduciary CFPs who give actual expert investment/retirement advice.

[@amireallythatgrumpy6508]

@@bettedavis9261 The only good retirement advice is DON'T.

[@bettyguy5358]

So proud of Jade. She did not let Ken turn the Dave Ramsey show into a Trump fan show while she was co-hosting. Have you noticed how Ken is trying his best to turn the Ramsey Show into some sort of resurrected Rush Limbaugh show? So pathetic and so disappointing. Jade: keep holding the line and stay focused on helping people solve their money related problems. Proud of you!

[@junkman8742]

Get a grip granny. It's not political

[@bettyguy5358]

@@junkman8742 🤣🤣🤣 grandpa you too get a grip. If it's not political then stop talking about politics. It's simple!

[@BT-mc2yd]

I ain’t workin here no moreeeeee JADE! Go study up on your country, sis! Come onnnnn. You did not know that song lol

[@bettedavis9261]

27:33 no child destroyed my car because no food or drink was allowed in my car. It's a novel concept, I know, but I decided I was in charge of my vehicle.

[@BT-mc2yd]

But you could feed your face, Betty? Cool talk

[@bettedavis9261]

@@BT-mc2yd nope. No food or drink allowed by anyone...passengers or drivers.

[@kiwiradioNZ]

hello from New Zealand ramsey team

[@wags99999]

I get about $1,000 a year cash back. Cards are paid off as soon as they post. We never buy unkess we have the cash. Credut cards sre nit the problem, weak people that can't handle money are the problem. Zero debt.

[@USMC6976]

True, but you don't give an alcoholic, alcoholic drinks. The temptation is too great for a few of them to resist.

[@Trustbutverify2651]

@@USMC6976 That may be true, but a person does not have to drink. A person does have to spend to survive. I would never be able to track cash - my debit and credit cards keep a running account of everything I buy and also make it much easier to return things if I lose my receipt.

[@jaredwipf4489]

Blasphemer !!! Kidding I agree

[@lauriemotley2566]

As they’re talking to these people struggling with debt they clearly are not in the same mindset as you or they wouldn’t need to call into the show. If you have the self control to do it good for you. Obviously not everyone can

[@_nellysunshine]

I have a great side gig with tips, free food, free swag. No need for everyone to use cc to get free things. Sometimes it’s the proximity principle. Less mental calories devoted to banking overall.

[@Cindy-df1xk]

lol, ❤😁 kids and even the grandkids can have a party in the back seats of our cars. 🚗 Loved your answers where there will be applesauce on the windows, and everything else. 😄👍

[@helenayssel4182]

Why is Every Dollar not available in Canada?

[@donnastrull4156]

Talk to your father’s doctors

[@TammyMurray-lw3yc]

Millennials, Gen X, Gen Z, which one isn’t working? Which one likes to talk on the cell phone, check their e-mails instead of working? How do they mentally get their heads out of the video games to actually think about work? I was told about a man who actually bought a device so he can play his video games at work, he plays the games at work and it’s a government job so they won’t fire him! What does the next 5 years look like????

[@jodyhunt4001]

Ken has amazing hair. I'm so jealous.

[@marypladsen5231]

Can you buy the blinds before you go on the cruise?

[@markcollins2270]

Goober and fantastic jade

[@Ellessin]

The First caller was clearly an educated woman. She led with her education credentials. So doing a budget would not be a foreign idea. Why not ask specific questions to find out WHY her 90k a year salary was not enough to avoid her credit card. The generic, watered down answers are useless to the audience and probably more useless to the caller. Telling her to budget and be well seems like such a waste! Please 🙏 try to ask questions to help all listeners have a take away.

[@johnmitchell8925]

Everybody has lived😂 in Florida

[@m.m.6336]

I cringe when people say "i (you) could care less"....couldn't not could!

[@amireallythatgrumpy6508]

You are correct. Most Americans are not very smart.

[@m.m.6336]

@Anon-Anon2024 good thing it's mostly on American podcasts so I don't have to hear it alot in my daily life lol

[@RuthEdades]

I want to dump my $ on my Macy’s card.😂

[@RuthEdades]

My family uses me identity theft to buy their car. I’m the one approved for solar panels and whole house windows new.

[@martinhull3303]

Ken needs to listen to their callers rather than jumping in too early.

[@saints9577]

Ken, it's couldn't care less.

[@spaceman7922]

Oh take a hike

[@amireallythatgrumpy6508]

@@spaceman7922 Are you stupid, spaceman?

[@AlienLeader-e2p]

AVP 👽 Not s lot going on / i might need to sit in them / .... sweet / remember it's yards after contact ...

[@Trustbutverify2651]

Nope, Jade, using credit cards does NOT mean spending more money for all of us. Don't generalize. I shop JUST as carefully with a credit card as I do with a debit card and I don't use cash - most bills are nasty dirty. Then I pay off my credit cards as soon as something posts (usually 2 days later). In addition, I put bills on my credit card and use the points for gift cards for occasions so I don't have to put those costs in the monthly budget.

[@kenwilliams3279]

That's an awesome way to use a credit card, although you have to be in the minority unfortunately. The credit card company doesn't make profit from you, so if everyone were like you the credit card company wouldn't exist.

[@Herhighness211]

Rare approach or the bulk of America wouldn’t be in steep credit card debt. She’s not talking abt u,

[@dirkl9652]

Try putting the CC on hold for a month and just use debit card and compare. I use my CC and budget carefully, however, if I use just my debit card I spend less. Even though I get 1 to 2 % back each month on my CC.

[@amireallythatgrumpy6508]

But you're also smarter than 99.99% of the American population so you're not representative of everyone else.

[@Trustbutverify2651]

@@dirkl9652 I've done that and I do not spend less because I use my CC for bills I pay anyway - gas for the car, car insurance, utility bills, etc. I am a VERY frugal shopper for groceries and any other necessities.

[@2dodger2]

Jade and ken interrupt callers and talk over them. Slease let a caller finish a sentence

[@lpfakalata3730]

😂😂😂😂😂

[@TC2020-w8u]

Unwatchable

[@BrigetteWaltershield]

The BIGGEST LIE You've Been Told About Money is that it doesn't grow on TREES!! 😂

[@MarcelinePancoast]

I agree with you!! Money actually grow on trees but only on trees that was planted by you!! These tress are referred to as investments. How you diversify your investment portfolio matterss

[@Luanne-m7q]

Diversification is the key. My portfolio is well diversified with the help of a financial adviser. This helps me make more than +400% monthly on my investments.

[@CamdenVanderlaan]

I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@Luanne-m7q]

I've experimented with a few over the past years, but I've stuck with ‘’Nicole Anastasia Plumlee” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@CamdenVanderlaan]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@chriskatranis3755]

Oh no. Big Mistake!!!!!!!!!!!!!!!!!!!! Credit cards are the best thing. Credit cards give you the freedom to buy what you need when you need it.

[@gavincardwell6767]

dreadful without Dave

[@BT-mc2yd]

Some of us have been watching/listening to Dave for 30 years and are commenting how great the duo is. SOOOOO…

[@josephobrien5586]

Ken is the worst

[@isidorolopez265]

WHY DO U SAY Ken is the worst Why????

[@thirdintegra]

Maybe you're just jealous