Don’t Rationalize Your Way Into Bad Money Decisions

The Ramsey Show (February 23, 2022)
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[@OrdainedbyHim]

Long time supporter and Baby Steps 6'er but I have to be honest, Rachel is probably the best Ramsey personality!! She is the only person that has the freedom or maybe the comfort to speak with Dave like a person not a boss. I appreciate her willingness to say dude its a numbers thing even if its different from how we typically teach it, if the new car is cheaper than the used one get the new car!! Also appreciate her being willing to say the tax credit thing started under the previous president not the current one

[@boo2731]

I like her too. I think George is right up there too. He’s not afraid to add his own comments on top of Dave’s instead of just agreeing and following Dave. I’d love to see them two work together when Dave eventually retires from the show

[@Perfumery_by_Sabin]

yup, i did exactly that. 2018 25K brand new impreza....... 16K. easy answer. dont care if im not a millionaire. had it paid off in 3 months....

[@DarkSkinnedMichaelJackson]

She’s probably more comfortable because he’s her Dad, not just a boss. Just a thought

[@LovelyCeee]

@@DarkSkinnedMichaelJackson agreed lol

[@bettedavis9261]

I love Rachel in the co-pilot's seat. She is far more confident in that role, than when she is in the host's chair. I also like her paired with Dave more than when she is paired with any of the other personalities. Her feistiness and individuality shine through when she's with Dave.

[@666dynomax]

She’s not confident in her answers and neither is Dave It shows. She seldom is allowed to cohost with anyone but Dave

[@littleripper312]

@@666dynomax I agree with this, she's not super confident in her answers. I do think that it makes for a good cohost at times because she's arguing points that a lot of viewers might have and Dave is given the opportunity to explain why it's wrong.

[@Pandorash8]

I love it when Rachel is on for this reason. She is the only one (understandably) able to challenge Dave and it makes for really interesting discussions.

[@bettedavis9261]

@@666dynomax you have a point, however, it seems to me her hesitancy is only when she knows her opinion is not the same as Dave's. No "personality" wants to oppose Dave's opinion.

[@tonymarin909]

The his princess and thats her daddy, she feels most comfortable with him

[@littleripper312]

I love how Dave calls someone older than him kiddo 😂

[@LovelyCeee]

Yes lol 😂

[@Nigriff]

Or when he calls a grown man "Honey" 🍯

[@noveltyrobot]

Absolutely love Rachel's sense of humor

[@jaredanderson526]

I was Jared with the car question, don’t think Dave fully understood the situation. We have one car right now and need a second. We have a new car coming in that the dealer has signed a letter saying I’ll pay msrp, it’s cheaper than it is going used. Point is Dave used it as a chance to push his beliefs without fully understanding my situation. I’m a Ramsey fan but the interaction is concerning especially when they muted me and I couldn’t interject to correct them on the situation

[@kun534]

Buy a new one Jared for 22k its cheap , used car markets is nuts.. even salvage ones are crazy these days..

[@jackdeprey542]

Yeah that was kind of weird what he said, but they have to mute or end the call because they need to keep the show going. Otherwise it would last forever on just one person.

[@jrwntctv8091]

They can only spend a few minutes on each caller. They need to get as many calls in as possible. Also because it's a radio show broadcast live they must take 4 commercial breaks per hour at specific times to the second. There is no wiggle room in live broadcasting.

[@Uncle05Sam]

I think Dave temporarily short-circuited because one of his "general rules" that has always been true is now being proven wrong, due to this wacky vehicle market. Jared, kudos to you for snagging a Maverick for a great price.

[@richeyrich2203]

It’s not really even a Dave issue

[@FeeBee3001]

Max Lucado is one of my favourite Christian Authors. Loved seeing him on here.

[@nitishibm]

Thank you Dave for doing millionaires hour !

[@jjms79]

I'm glad Rachel reminded Dave that it wasn't Biden who changed the child tax credit 🤣

[@amazinggrace8136]

I agree with Dave. I will never buy a car at this stupid crazy market. If I HAD to buy a car now, I would buy a 5k or less car for the time being and over pay only around 1k vs a 20-30k car that’s over priced by 5k or more. The prices are close only bc the used one is OVERPRICED.

[@Uncle05Sam]

Bingo. Well said.

[@KC-dr3cg]

It depends because it depends on what you use your vehicle for ?Do you have to drive a long distance? You can buy a BMW i3 for $24,500 that gets 137 mpg.. Something like that might make sense.

[@richeyrich2203]

If you can find a dealer selling at msrp, then if your plan is to buy new (and loose out due to normal depreciation) then no reason not to buy new over used. Especially since cars are now appreciating after they are driven off the lot. Bought a brand new car in November for 48k… drive it for 5 months and 5k miles and now it’s worth 51k! Crazy….

[@Flips1207]

Dave is wise. But the problem is that Dave absolutely hates it when people disagree with him. Rachel gets away with it, and she’s entertaining, cute and relatable. 🥰 Dave is wise and awesome PS Where’s Anthony

[@RJLuna10]

He branched off to focus on his own brand, The Table on KZbin.

[@koremeltdown7258]

I like that Rachael argues with Dave but Dave is right. Don’t buy a car right now if there is any possible way of avoiding it. You will be making a bad purchase no matter what you do.

[@sackettfamily4685]

Yeah I definitely agree

[@23lauramoreno]

This was a great show ✨

[@E.E.F.]

This was a great show today!

[@karenhoward8542]

Really enjoyed this discussion. Thanks guys

[@mylapasaporte8594]

With Dave it's simple in every situation. Either you have the cash to buy in full at the moment or not except for a mortgage. If you have 1k or 5k to buy a car that's what you buy unless you're a millionaire and then you can buy a 22k or 26k car. If you set 22k on fire would that hurt you financially? If yes, that's the point. I also agree this is the worst time to buy a car or a home. Way overpriced!

[@user-qq3nz9gh6m]

Literally didn’t know she was Dave’s daughter !

[@theclothingcottage]

Tough thing is you have to get through step 3 and then save for the vacation if you are doing the plan, you can't just go once you are through step 3.

[@caseyporter499]

Some of these ppl are just princesses man. Can’t find a decent car for less than 35k lol my truck is like a 8k truck and my wife’s car is a 14k car and we make 180k combined

[@benitohernandez935]

Telling someone to get rid of Their credit to wait 2 years to buy a house when they currently have high credit score and no debt is buffoonery. They can buy now then cut credit cards. Common sense isn’t. common.

[@keverwine86]

A Ford Maverick will always be a car to me. It's so weird hearing and seeing it as a truck.

[@shannoneg2000]

I get the primary principle of not buying new. But I don't think Dave listened to him or gave complete advice. The person is debt free, has a Step 3 emergency fund, AND saved up to pay cash. He did his research and found the best price for the car he wanted. Incidentally, it was new instead of used, which okay, that's unusual, but crazy market. I don't see a huge problem with buying the car in this specific case if he's paying cash. Another alternative would be buying a less expensive used car, but he would not get all the bells and whistles of the make and model he picked

[@richeyrich2203]

We didn’t get Jared’s household income. And Dave’s rule is no more than 60% of income spent on things that go down in value generally. So very well the car would have fit into Dave’s criteria for a step 4 car buyer. I’m glad Rachel fought for Jared though.

[@Johnmessina]

Nice to hear a dissenting opinion on the show and I side with Rachel on the car discussion. Dave moved the goalpost

[@Nigriff]

It's nice to see Rachel challenging her dad

[@frenchy1220]

You can tell she has always been a daddy’s girl 😂

[@SalazarFrailey]

The CTC is very easily explainable…

[@xerple]

lol at rachel losing her mind

[@Nigriff]

Dave is still able to shock Rachel with some of his comments 🤣

[@2dodger2]

Rachel-stop making fun of your father!

[@carladossantos1142]

Rachel, I love your outfit!

[@mzkatedreams]

I love that Rachel challenges Dave, but also he's just like no...lol

[@LovelyCeee]

Pastor Max is awesome! I liked his segment!

[@jrwntctv8091]

8:30 Really they should call it "indeterminate", not "undetermined".

[@grantnichols2722]

Does anybody know which song is playing at 1:00:35?

[@weaponson3-158]

Hi I’m a millionaire can I afford to buy a biscuit? Thank you

[@jrwntctv8091]

1:21:00 By the time America arrived at 12:00:00 am on 1/1/2000 they would have already seen many other countries negotiate Y2K with no issues whatsoever.

[@mapu1321]

And the reason that y2k wasn't chaos was that 10 of thousands of programmers world wide had already fixed the issues. My team and I finished in mid November so we were pretty sure our little bits were y2k ready... took us months of late nights - a lot of work.... now it's thought of as a joke. Pretty typical in IT really, no one notices what you do unless something stuffs up lol ;) ... they sure notice ya then. For me y2k came to mean "if something is important, humans can get it done." Being in Australia we were among the first to pass or fail... but I spent that new year on a beach totally uncontactable... just in case ;)

[@MrMustangrick]

Ford can't build may Mavricks due to chip Shortage.

[@PhilipMarcYT]

My older sister is in debt, I don't know how much, but enough to know I'd not sleep well at night. She spends money she doesn't have/own and carries on living her life as usual. Heck, she even orders food via those apps. I myself on the other hand, am trying to save money every way I can and not in debt, yet she does the opposite and she's deep in debt. I'd not mind talking about trying to get her help, but she's narcissistic and harasses people (family, me included). And then, she plays the victim. She's a mess.

[@adearabby6154]

I have a sister exactly like that..only worse. She has lived in high debt for 30 years, filed bankruptcy 3 times. We found she spent over $200,000 of my parents savings when they passed. We just stay far, far away from her. There is really nothing you can do but protect yourself from her.

[@joseluna5934]

This new car question its does not make sence. Helloooooo 22k new or 32 k used???? Omg thats a common sense !. If u got the cash and in bs456 why not

[@NathanH83]

Or just wait a few years and buy used at a reasonable price

[@OutSkirtz]

I generally agree with Dave. But I bought a new vehicle this year 5k under MSRP with a friends and family code aswell. There is some dealerships that are not marking them up. Some still believe in the customer experience because at the end of all this they know people will remember who was scalping customers and who wasn’t.

[@richeyrich2203]

How do you get a friends and family discount? Can I find a friend right quick?

[@coachclaudiawith_hope]

I have been a listener off and on for over ten years and in the past year, daily. I am having trouble listening to the show when Rachel goes against the same baby steps that made her father and her a millionaire. The theory is no longer and it is proven, it seems a bit unprofessional to disregard Mr.Ramsey’s hard work and steps. Sometimes experience speaks volumes.

[@Aaryyaannaa]

I know what you mean. It's like she knows the steps, but doesn't fully believe in the principals, reasons behind them & the importance of following each to a "t"for the behavioral aspect. She has a lot of empathy for people & I like that, but sometimes she does help justify those who are "doing their own plan" not the ramsey plan. I think so many of these callers fail to understand the plan is the way it is because of the behavior aspect! When you start shifting this, doing this different is when you are doing ur own plan & before u know it, it starts to go awry. It's for their own good to do things in the way he does them, it is PROVEN to work.

[@nadirabajramovic7456]

Is anyone that called this actually broke Or everyone has millions Why call if you have millions Thanks

[@jrwntctv8091]

Every now and then Dave does a 'millionaires theme hour" where he asks millionaires to call in and explain to America how they got their million, so listeners can learn how to become millionaires from millionaires.

[@yungjefe1876]

Haven’t credit cards and using them doesn’t mean that you will have debt. I don’t understand why they say don’t have credit cards. If you are responsible I guess this doesn’t apply correct?

[@jrwntctv8091]

With a credit card you're essentially borrowing money even if it's only for a few days. That is debt by definition.

[@yungjefe1876]

@@jrwntctv8091 so why is that a bad thing ? It’s not like I’m borrowing money I don’t have

[@jrwntctv8091]

@@yungjefe1876 If you have the money then why use a credit card? That's just pointless!

[@yungjefe1876]

@@jrwntctv8091 because I prefer to have excellent credit without having debt. It’s pointless to use cash for everything.

[@jrwntctv8091]

@@yungjefe1876 You know cards that are not credit cards exist right? So there' no point in having credit cards either. There is no point in having any credit or FICO score at all.

[@littleripper312]

Why would he put 25% of his net worth into a car...

[@ryanstadther]

Absolutely mind boggling… I’d be looking for something way cheaper. I couldn’t imagine spending 25% of my net worth on a car…

[@richeyrich2203]

Dave’s rule is no more than 50%.

[@BlakeC341]

If there was a God then there would've been some positive intervention by now. That is, assuming they care. Praying doesn't keep you safe, pay your bills, get you a job, etc. How silly.

[@Annie-gm6zu]

Rachel appears more comfortable…but George and John look so self-conscious. Stop playing with the pen and moving papers, iPhones, and laptops around the desk! And I might suggest to “stop crossing your arms.” it’s bad body language! Rachel has been crossing her arms across her chest and best if this behavior ceases❤️❤️❤️

[@jrwntctv8091]

Let's not forget that 90% of the audience this show gets is via the radio. Most people listen while doing other things rather then watch.

[@Aaryyaannaa]

Agreed. Rachel also plays with her hair a lot, but we have to remember we are all human, I do all of those things too.

[@worldwide_wes]

12:00 This might be my last episode. Dave is so dumb talking about vehicles, ignoring the math he preaches about all the time. He literally has the cash to pay for it and you want him to buy a used version for more money? “You’re not gonna get that truck dude”. I bet this guy has less bankruptcies than Dave….

[@jrwntctv8091]

"Don't buy a car right now" was decent advice. The reality is buying a vehicle is inherently stupid. In some cases it's a necessary stupid, but stupid nonetheless.

[@coreybruce2543]

I think he had a hard time finding the right words, when I priced out the maverick online myself the build price and the price the dealer called me with when trying to confirm my interest were very different 26k build price, 35k purchase price dealer wanted to tack on 9k with no wiggle room it wasn't about making the guy spend more the guy was just being naive in believing he could get it cheaper new.

[@aarg2609]

Bye!

[@aarg2609]

@@coreybruce2543 it's common sense. If it's more expensive used why would the dealer sell it cheap and let you go be able to make money selling it used??

[@richeyrich2203]

@@aarg2609some dealers sell at msrp as a principal. Mine in the local area do. Others a bit out tack on 8k market adjustment. So I bought a car at msrp and now it’s worth even more used.

[@vickikendricks1605]

Jesus is King!! Not money 💰

[@GugaMcDermott]

Fraudemia

[@vlilly1468]

Stop bickering

[@kristibrennan6232]

Having a great credit score is good I need to disagree with Dave

[@dericanslum1696]

...you lost bud...?...

[@richeyrich2203]

@@dericanslum1696they stumbled into the wrong side of youtube

[@yankos_]

15:19 Rachel is a typical Millennial... "Want it NOW!!!" You don't NEED a new car NOW. FOMO!!! Wait... They'll start making more chips for cars, and there'll be more new cars, and old cars will go down in value, and the new ones will get cheap again.... Patience... (shake head) Freaking Millennials....

[@jasondima1411]

Why are you hating on us millennials. We are not all like that

[@Flips1207]

Rachel just doesn’t get it. But she’s charming and cute. I just hope he’s not leaving his entire empire into her hands...

[@nellyramirez7325]

Lady close your mouth when Ramsey is talking.