Dumb Mistakes People Make With Finances - Dave Ramsey Rant

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[@RightFootForward11]

I have a coworker who just had his car totaled, and he will be getting a check for 12k. He wants to buy a brand new 50k car with that. Says that he will extend the loan out as far as he can in order to improve his credit score. Says that $600/month payments aren’t that bad. Brother. We are in Colorado. Buy a 2014-2017 Subaru Forester for around $10k, and put that extra $600 a month which “isn’t that bad” into index funds and emergency savings. I make more than him and couldn’t stomach such a dumb decision myself. Financially illiterate poor families breed more poor people.

[@sct4040]

I educated myself on finances, don’t understand why people don’t go to the library and start reading.

[@drcatrinaking]

​@sct4040 They don't even need to go to the library anymore... the "library" is in the palm of their hands. People are just lazy and prefer to complain rather than progress.

[@susanedghill609]

@@sct4040 because people do not go to the library and read anymore.....😒😒😒😒

[@susanedghill609]

@@drcatrinaking the hand held library is not for serious reading unfortunately.....

[@haloimplant7678]

600 a month invested for 30 years will get you a million+ most likely. Instead they will "build credit" so that their broke ass can keep borrowing

[@Tpn-wr2gd]

Thank you Dave! I "woke up" in my early thirties and found your show on the radio. Changed my mindset. Been on baby steps 5,6,7 for over 20 years. Will retire in about three years and will be VERY comfortable. Thank you Dave, and the Ramsey team!

[@tara26777]

It’s taken me 28 years to finally understand what you said about passion & finances. I recently enrolled in an IT course (paid for in cash) and plan to go on to study law after. My passions are now hobbies, life isn’t fun being broke.

[@gingergann3934]

A "brother" did the car deal x3 - bought a car (on payments), totaled it 4 months later, upgraded his car, totaled it about 6 months later - upgraded again. His payments were so high, he couldn't afford car 3, and wrecked it, but not totalled, it got repo'd. He still had a debt on it. That was 7 or 8 years ago. He thankfully quit driving after that.

[@lot2196]

I would hope so. Wow.

[@jimmymcgill6778]

Did he quit, or did the courts ban him from driving?

[@damariommitchell]

Wow.... learned nothing...3 strikes you're out

[@gingergann3934]

@@jimmymcgill6778 He couldn't afford a car / auto insurance, etc. I don't know if he still has a driver's license. I won't let him drive my vehicles (he doesn't ask) .

[@gingergann3934]

@@damariommitchell 🎯. I always felt the 2nd and 3rd accidents were intentional for the insurance money. He got more from the first car then he paid for it.

[@jodylarson4697]

I wish that when I was growing up, someone had told me, "You need a way to earn money. It can be a skill, it can be a profession, and you may or may not enjoy it, but you will need to support yourself." It has to be said just that plainly! Instead I heard a lot about how I could "do anything I wanted" or needed to "fulfill my promise," or ought to find "a path that I love." All of these are good things, but if you can't earn your living, they won't matter.

[@jamesm2099]

Absolutely!

[@mommalion7028]

Yeah this is true. I don’t think I would have listened though even if someone had tried. Some teenagers can’t be told nothing lol 😂😂😂😂

[@barnabusdoyle4930]

I’ve told my 16 year old to go into the job market and see what the world is like and see if she can find something she enjoys, then go to college in that field.

[@JV295]

I respect this advice. I have a young nephew about to enter high school who looks up to me. Over the next few months I will have this conversation with him and utilise what you’ve mentioned. Thank you

[@kennethboehnen271]

That's exactly why I got a BSN and practiced enough to be marketable before pursuing other endeavors.

[@kclefthanded427]

Never co-sign for anything. Relationships will crumble

[@matthewwilliams9200]

If a billion dollar company who gives dogs money won't give them a nickle then dont Cosign for them......HELLO

[@eriknobles3946]

Never co-sign or share either

[@barnabusdoyle4930]

Marriages crumble too. It’s all business transactions. There should always be an escape or exit clause. We are doing relationships wrong in this country.

[@ddirt80]

@@barnabusdoyle4930yes but in most jurisdictions there’s automatic property division laws for married couples, not so for “common law” couples everywhere

[@Sail562]

Best advise I ever got. Never stop making car payments. Once your car is payed off, make the additional payments to yourself. Keep it in a seperate account. When you need a replacement, pay for it with the seperate account. Only took out a loan on my first car.

[@michelejohnson6459]

Same here!😊

[@shelbyhughes4131]

💯

[@AnimatedIdiotGuide]

That’s actually some of the smartest car advice I’ve ever heard

[@lilygypzyslabs7863]

Just bought a "new" van and still have $5000 sitting in my car account collecting interest for the next one. 🙂

[@lilygypzyslabs7863]

Collecting interest... not paying interest!

[@guitarwok]

I have increased my income by 150 percent in the past 2 years, just bought my first house, and I've had no other debt for a year and a half. Thanks, Dave 😊 YOU ROCK!!

[@lisaduffy4958]

This is great, he's the Gordon Ramsay of finance. It's tough words but we all need to hear this.

[@chaxologist2024]

Because he's Dave Ramsay!

[@grandmaspocketbook]

My $30k car got totaled. Insurance paid off my loan and gave me $5500. I downgraded. I didn’t want another loan. Guess what? My $5500 car with 175k miles drives me from point A to point B just as well as the other car. And I’m not writing that damn check every month. What a relief!

[@isaacesquivel4128]

Missed the rants!! Keep em coming!

[@charlesg7926]

I will never understand why guys willingly move out after they break up. If I was him, I’d say “I’m on the deed, I own the house, I’m staying too! I’ll be in the basement. And I’ll be having other girls over whenever I want.”

[@neubauerjoseph]

He is stupid this Dave guy god was helping him get to where he is. If he wasn’t extremely lucky he would just be just another guy.

[@matcool4459]

Bitter truth!! Please, Dave, don't be nice... I love it when people say things just the way it is!❤

[@purleybaker]

I've been driving the same Toyota for 17 years and recently replaced the timing belt and radiator, which should let me go another two years. The biggest flaw in the plan is an accident because it won't take much to total it and there's no way I can replace it for what the insurance company will pay.

[@luisinhocasper6862]

It will let you go another 17 years my friend!!! Toyotas are indestructible. Of course it’ll require another $4k to $6k for regular maintenance and/or repairs. But it will let you go a whole lot more than 2 years 👍🏾

[@gerardmangan5870]

You should buy the exact same toyota with lower milage and park the older milage one and use the parts off it.

[@debragiovine9797]

thanks for telling like it is THE older the car get's... the less money your going to get for the car if it get total from the insurance... people need to start looking at the blue book value"" and stop assuming ... you can buy a reliable use car for a couple thousand dollars...""

[@purleybaker]

@@debragiovine9797 I didn’t assume anything. I know that I can’t replace what I have for what I would receive.

[@EliannyAvalo]

thank you for telling the real and truth, it really helps people from this generation including me.

[@elizabethallen4353]

I know someone who is borrowing six figures to become a social worker. 😢 Her parents are encouraging it!!! Just so sad

[@rebeccaspratling2865]

That'd sad. Social workers make next to nothing.

[@High5748]

Talk about living it up for your college years. Hope she has fun

[@time2eat850]

Tough LOVE from Dave Ramsey always wins ❤😂

[@paulsweningson6261]

It is so Good to hear intelligent people speak

[@Maybehomebody]

Back in the days, I wanted to become a social worker. Luckly for me, when I was going to school I had 2 jobs at the same time. Working 2 jobs at the same times help me change my mind about the field of work I was going into. 1 was working at the Women's Shelter and 1 was at the hospital as Certified Nursing Assistant (CNA). At the shelter ppl who had masters degree working as social worker were making 14$ an hour, and I was making 12$ an hour as CNA. Social workers at the shelter were scraping by with masters degree, and they were in lots of student loan debt. Math was easy for me to decide on what field I was going to end up in. Both were helping fields of work, but with nursing I can survive. I had to stay in school for few more years as most of classes I took was not accepted in nursing fields, but I eventually graduate with nursing.

[@tonytoni1150]

We need more of these. Preach my brother. 🙏

[@bremass851]

That's Dumb! 😂 Don't do that That's Dumb!🤷😂😂 Dumb Really Dumb lol

[@matts7476]

I had to upgrade a couple years on my truck. Couldn’t find one that was the same year for me. But I paid the difference in cash. Insurance companies never give you enough to get your your vehicle back

[@purleybaker]

Your comment about insurance recovery is spot on. It will never adequately compensate you for a reliable car that you have maintained properly.

[@nukedogger86]

100%, I totaled a car 14 years ago, insurance cut me a check for $8700, citing I could get a replacement for $9k, and the lesser is due to my deductible. The only same year model I found had 5k more miles and zero options I had, price $10,900. Of course the insurance company had some magical listing I couldn't find and they couldn't show me. Short of it, you might have a $12k car, get wrecked and insurance calls it $8500 or maybe if you're lucky $10k, and if you still owe on it, well that sucks.

[@markg999]

​@nukedogger86 If the other person's insurance company is handling you would have no deductible...so best case in that situation is hopefully you aren't one at fault for loss.

[@nukedogger86]

@@markg999 It was a crappy one, I didn't see the car due to a snow mountain in a median, sheriff put it down as I failed to yield. I didn't fight it because I didn't want to risk worse repercussions if I lost. But with the great state of MN, they usually deem everything under 'no fault' and split it 50/50, unless the other driver admits fault. Which, I had two rear enders in the past that both of those drivers admitted fault, one even got a pair of tickets to go with it. But, none the less, it doesn't matter if I had to pay a deductible or not, the point I was making was they gave me like 9k when the closest replacement was 11k. Don't wreck your car... insurance companies WILL screw you over. Hell I seen where a guy wrecked a C8 vette, insurance paid out 49k, to replace that car at that time would have been easily over 100k due to covid pricing. It's almost as if they literally have a percentage of msrp they go off of instead of their so called "replacement" value.

[@megalodon1726]

Even if they give you its true market value, enough money to buy the exact same model of the same age and miles, that unknown old car probably isn't going to be as reliable as the car you maintained for years. But that doesn't justify going from a $6000 totaled car to a new $40K car. If I'm driving a $6K car and it gets totaled, I'm replacing it with a car in the $12K to $15K range, but I'd use my emergency fund to top up the insurance money, rather than getting a loan.

[@k20z3keith7]

Have two paid off Hondas. One is a Si 6 speed for fun and a TL as my daily. Both over 200k and run new. Insurance for both is only 1k a year. One breaks, rarely, then I have the other one to drive until I fix it. They're fun to drive and that's all that matters. No payments are the best. I laugh at newer cars knowing they have a huge payment, especially unreliable cars like Jeeps. 80k for 80k miles sounds like a horrible decision 😂

[@AkikoMakiOfficial]

I love ❤️ the “shweetie” part and yes, I have seen people go down in flames with that story. Thank you for entertaining and making me laugh. 👍😉

[@Autumn-zd9nq]

New Subscriber. I’m adopting you both as my Financial Fathers. Don’t even think about runnin for that door!

[@Sarahhannahtx]

I love how Dave says DUMB 😂

[@joefunk76]

Well, he does have a PhD in D-U-M-B! 😂

[@dantombasco3255]

Needs to be a meme lol

[@bremass851]

Yeah it's funny how dave says dumb 😂😂😂

[@lizard2222]

I'm so glad I found this channel. I feel so much better about my debt, but debt is still debt! I've learned new tools and my credit cards are lowering :)

[@patri_mb]

I’m here for the rants. So good. And entertaining 😅😅😅😅

[@SweetPotata10]

I totaled my new paid for Corolla LE when I was 23, I actually downgraded to get a new paid for Corolla CE with the check from insurance. The downgrade was my dumb tax, thankfully all I had to pay.

[@jasonls1466]

There are "reliable" cars for $5,000 if you don't mind a little hail damage. As my father in law says "it won't show from the road."

[@travismcpherson9847]

Dave's the Man!!

[@123donmaster]

I love my 1996 Toyota Camry. Got it basically for a days worth of work. Been driving it for 4 years with zero problems. No car payments ever in my life. Feels great. Cash piled up in the safe. Nice home cooked top ramen meal

[@Cqqyy54]

Reverse uno...i got some money and downgraded cars. Confused tf outta everybody 😂

[@scottsteele1908]

I feel good about some of my decisions now. I got hit by a drunk driver who totaled my car without any injuries to me. Thank goodness. So I got a check for $11,400 and found a 20 year old car for $7000 and banked the rest. I had to put $1600 into it, but that was 2 years ago so the gamble of an older, but cheaper car paid off. Literally. All a car has to do is run.

[@madarchermoto4955]

This one gets my skin crawling - the 18-year-old high school graduate goes to college (SMU or Texas Tech) and when they graduate 4 years later with their bachelors degree, the first thing they do when they get their first $48,000 job is they go finance a brand new BMW. Furthermore, they have to buy the chrome SMU mustang or TT college emblem and stick it on the back of the new car to show off that they’re an “alumni”. They feel like they’re hugely more successful than they are simply because of the pride of being an educated person with a career. They feel successful so now they want their car to show people they’re successful. Prestige overrides financial common sense. I see it everywhere.

[@deltafox1]

In Dallas, yes...i think overall the culture revolves around consumption

[@rylandodonnell9430]

So strange to have a problem with Texas tech and smu of all colleges in Texas. I thank TTU as I am now making 6 figures in my early 20s and still drive the same truck I went to school in every day. Texas tech emblem included too

[@madarchermoto4955]

@@rylandodonnell9430 … those are just the emblems I always see.

[@jamesleung0]

Your college degree is not a determination of your future career. According to the U.S. Census, only 38% of STEM graduates actually work in STEM jobs. More than half of the people I know work in jobs outside of their degrees. Many of them make good salaries or started businesses unrelated to their degrees. It's more about leveraging your skills and experience in the market place. A degree gets you through the door, but experience gets you the job.

[@Carboi670]

this is one of the funniest episodes I've ever watched, man did I DIE from 7:02-7:34. lmfaooo

[@coltonfritz5451]

I agree with Dave 100%. Ever since I started listening to Dave Ramsey I have made tons of changes with my finances. I tell lot of people to come and listen to Dave Ramsey so they can change their way of spending like I did. Im sure some don’t. Some people will listen to your advice. Im sure some people just look at you and laugh like you’re the idiot when they’re the idiot themselves for not listening. It’s sad for those that don’t want to listen. I guess to all each your own.

[@bigcahuna42366]

May I add this to Dave's list? For goodness sake people, NEVER combine finances on one bank account to someone you're not married to. There are plenty of stories on talk shows like Dr Phil of people who did that and were left completely penniless after the other holder of the account legally withdrew the entire balance and left town.

[@Bluetreez]

I don't combine with my spouse.

[@waynehoffman1791]

@@Bluetreez Bingo!

[@briankowald6465]

What about ken Coleman’s “from paycheck to purpose”?

[@lawerencemiller9720]

There is potential for considerable wealth increase with the correct strategy. I want to know; How can one take advantage of compound interest and potentially grow your retirement savings/net-worth to about $3M over time?

[@alexyoung3126]

A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

[@johnlennon232]

the best market strategy is to work with a credible investing coach. Since a while ago, I've been in touch with a coach, mostly because I lack the depth of understanding and mental toughness to deal with the ongoing market conditions. You lack the information necessary to succeed in a competitive market, not because you're doing anything wrong, but rather because of your lack of experience.

[@jessicamoore3093]

That's impressive! I could really use the expertise of this advsors, my portfoIio has been down bad. how can i contact them?

[@jessicamoore3093]

This sounds interesting. My portfolio is in the red. Can you recommend your analyst, please?

[@johnlennon232]

Lisa Angelique Abel is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@WhiteSandsMbuna]

I grew up listening to this guy. I still have a few years till im 30. I own a nice house, have 3 cars paid off and no other debts. I did a few things different than what dave says, but was able to correct them and get back on track. Most of my friends from college went on to get higher degrees. Now they are almost 30, none own houses, they all have car payments, really high student loan debt payments. Btw, I made more than most of them, and nearly as much as the ones with much more schoooling than me.

[@finesupplements9698]

I was totally depressed until I got the car of my dreams. I love it. I love working on it, washing it, Looking at it, and driving it. I will keep it forever. Went into debt to get it but I have no regrets.

[@BrianErwin]

1:40 i made this bad decision. had a 2007 lexus gs300, it got totaled. took insurance three weeks to sort it all out, and in the meantime, insurance was giving me free brand new rentals that i had to go swap out every week. finally, i got my check for $8000, and i started meeting with folks to purchase another 2007 used lexus, but there was just no way i could go back 😂 the rentals defeated me. i upgraded to a new cadillac, but at the same time, i could afford it. just sucks that i lost my track record of only driving beaters with no car notes. at the same time, felt good to have a car for five years with absolutely no maintenance issues. had never experienced that before.

[@lawv804]

Buying a house while married can turn out just as bad. Theres this thing called divorce that women file on a dime now. Buy a house while single. Keep it in your name and protect it with a prenup if you get married.

[@ivanvargas2425]

Exactly. If you divorce while married she gets half for some ridiculous reason even if she attributes nothing.

[@scoobydoo7275]

What if I had sex with someone in high school and never broke up with them so we buy house now what

[@amireallythatgrumpy6508]

That's not how it works. The court keeps the whole house@@ivanvargas2425

[@sct4040]

Until each pays 50% on the house. Otherwise, buy the house before getting married.

[@parker1981xxx]

Agreed. Dave treats marriage like a silver bullet, but it is generally more destructive…

[@AltaicPride01]

Takes off with the local bartender 😂😂😂

[@LadyCaroline123]

That’s how most country songs are written. Lol. I love George.

[@slyfoxx2973]

Passion and an empty sack is worth the sack. Rule of acquisition #34.

[@mbank3832]

Many of these people do that because they want to make the other person happy. Remember, your own happiness is the most important

[@Surfer-727]

" No money no sweety ! " Dave Ramsey - MGTW

[@jonathan6353]

Nothing wrong with buying a new car. If you drive it til the wheels fall off. Tho most people don't. They'll buy a new car, than trade up 4/5 years later

[@blackfishgaming7145]

There’s two ways I look at debt for “useless degrees”. First, if you can stomach it, get a degree in STEM. You’ll make money. Second, if you need to get a “useless degree”, still do it. I say this because my useless psych degree has allowed me to go from 40k/year to 6 figures in a span of 6 years. Degrees (regardless of the subject) is a foot in the door to begin a professional career. Paying the loans did suck, but it was worth it. I’m debt-free saving for a house now and actively investing. Don’t let anyone discourage your education.

[@naomic7061]

I also have a psych degree, would you mind sharing what your current job is now?

[@blackfishgaming7145]

@@naomic7061 Get into sales. Use your psych background to help people realize that you have a solution to whatever is holding them back. Sales is all about building trust and understanding someone’s needs. You then provide the service or product that is a solution. I absolutely use what I’ve learned daily and find a lot of satisfaction being of service. -Just be sure you believe in what you sell and you’re sure it will help the prospect. It’s only going to feel good when you know you’re in integrity. Best of luck

[@derekt9974]

On the job part, one aspect is this: I got a degree that I could afford. Have 6 years experience in a specialized field. OF NO FAULT OF MY OWN AND NOT IN MY CONTROL, I drive around town seeing fat fast food and "cashier" manager starting wages creeping higher and higher to the point where the difference between it and what I make, is uncomfortably close. The middle earners are being squeezed.

[@WarriorsPhoto]

These 3 stories are ouches. I have been there and seen buddies go there. I do wish we had a better set of plans. 😮😢😮

[@Naomi-zj2yf]

We need a part 2 , I don’t think the people in the back heard you Dave 😂

[@FJBCmonMan]

I love you Dave Ramsey 😂

[@kaizenborntowin]

Thank you!

[@cutlerylover]

One of the reasons I want to be rich is so I dont have to worry about buying a reliable car, lol I want the cool ones not the ones that just keep working...I dont mind used cars I do mind constant car repairs...

[@lot2196]

You don't need to be rich. Just buy a Honda or Toyota. I just saw a used 2020 Honda Fit on Craigslist today. 13,600 miles, they were asking $13k. That car will last another 10-15 years easy. I own one. Don't worry about being cool, nobody cares.

[@cutlerylover]

@@lot2196 Id love a fully restored 69 chevy SS...so yeah you have t o be rich to have that for a fun car you driver on the weekends only in sumer lmao...and yes people do care thats why billons of dolars worth of cars are sold everty year, I dont care about what strangers think when I drive but I want the experience that car will give me a rusted ouit honda fit wont cut it, lol

[@jimroscovius]

I've bought many used cars and have never had a problem.

[@cutlerylover]

@@jimroscovius ok thats great for you, lol, what does that mean for other people?

[@Leife22]

Most cars are pretty reliable if you perform maintenance on them. The issue is, most people dont maintain their car. If you are constantly repairing a car, you have a lemon.

[@Tehui1974]

"I'm about to follow my passion" = "I'm about to do something really dumb". 🤣

[@3MrNiceGuy15]

I came in here thinking he would list everything I have done. I'm astonished people would do any of these things

[@sloanjackson8]

I love this segment.

[@lgrantnelson2863]

I know people who got a new car because it wouldn't break down. Now they have a large payment.

[@markg999]

Such a dumb decision...I've never purchased new only used and had very few repairs since I stick with mostly reliable brands.

[@dannylengyel5830]

@@markg999 Not necessarily. The peace of mind knowing they drive a reliable card is worth the payments to some.

[@markg999]

@dannylengyel5830 New doesn't mean it's reliable...has a warranty I'll give you. I know people with new cars with more issues than me ha

[@HS-iv8wr]

I recently bout a 2002 Volvo V70 for $800. It needed a new battery and a oil change. It runs great now and I am into it about $1500 including tax and license. I have also had good luck with mid 90s to 2010 Ford crown Victoria cars. They can be had for about $2500 including the mercury grand marquis and town cars. Pay cash and just carry liability insurance

[@prayerfullea8474]

Love the Vics

[@Ashley-id2cb]

I love this show!!! Ugghhhh! 😅

[@earmarkaudiologyllc8444]

"THAT's DUMB!"

[@19hen70]

I can't believe why are so many Americans have so many creditcards........ Why?? I have 1 creditcard and have it in case of emergency. Never used it the last 5 years. Pay with real money ....... or is that typical for Europe...(the netherlands in my case)

[@willelliott5052]

Funny how all of this passion seems to be directed at degrees that don't require a lot of effort and time. I am so thankful that my dad encouraged me to pursue engr.

[@reese85]

Crazy thing is, a lot of engineers don’t make a lot of money

[@willelliott5052]

@@reese85 There are some pseudo engr degrees out there. Hard to go wrong with EE or ChemE. It sure saved me. Two of my three kids became engrs also.

[@cashcow4383]

I really agree with the gettitng a degree that cost 100k to get a job that pays 39k such a shame .

[@NM-hq1io]

It’s psychotic to me that there are people who don’t pay off their credit card bill in full every month - I would never have mine in the first place if I wasn’t in a position to be able to do that, paying the minimums is just a trap 😂😂😂

[@lawv804]

I pay off my balance every paycheck. I've never paid credit card interest.

[@rebeccaspratling2865]

I've never had a a credit card but I've had several people tell me paying it in full every month lowers your credit score. I don't have debt but I've looking into raising my credit score. Since I've never taken out loans or credit my score is low. Was I lied to?

[@megalodon1726]

@@rebeccaspratling2865 you were lied to. I got a high credit score by paying off my credit cards every month for years. Maybe it could have been a little higher by not paying them off every month, but once you're above 770 there is minimal to zero benefit to increasing it more than that.

[@youltenbrett]

@@rebeccaspratling2865 You don't need a credit card. You don't need a credit score. Those with good credit scores have been slave to the lender for years, they say their gaining from having a credit card..lol..1-2% at best. And some of that is taken by fees just to have the card in your possession. Those credit companies make billions every year. You don't. Just SAVE money.

[@emopedia]

@@rebeccaspratling2865if you pay your payment in full before the payment due date and use less than about 20-30% of your maximum credit limit, you will build credit. NEVER get a credit card if you cannot trust yourself to manage that. credit card for smaller purchases like groceries, debit card for bigger purchases

[@scoutboy776]

there's this great feeling of working part time and not over spending and getting both a degree after 4 years of hard work and a brand new car without a loan 🙏 for dave

[@nathangallagher5112]

Dave wouldn't approve of a brand new car if you're straight out of college and don't own a home ...

[@mommalion7028]

I am one of those degree people but in my defense I started in 2006 before we all knew degrees were worthless. Also I am very stupid and naive. I’ve never gotten a credit card though since I haven’t paid off my student loan debt so that’s something.

[@writeart7636]

People have become too comfortable with shacking up😮

[@michelefisher5171]

Absolutely.

[@lukezeiders]

I don’t understand why people think that the more expensive a car is the more reliable it is. I’ve always found it to be the opposite. The most reliable cars in the world are Toyota Corollas and Honda Civics. They’re also the cheapest that cars you can buy. The most expensive cars tend to be the least reliable cars.

[@monaperry2635]

How most country songs are written......cracks me up!!😂

[@aperezBJJ]

I did two of the three mistakes: Bought a house with my fiancée in 2019 and school loan of 179k in social work. HOWEVER, we got married in 2021 (still happily married) and my loans were forgiven. It can be done. I know this is anecdotal evidence, but you have to play it right. Being in the field of mental health, the majority of people choose the wrong partners and make impulsive decisions not in their best interest. If you have a good head on your shoulders, IT CAN BE DONE. Also, I met my wife in grad school so technically paid 179k just to meet my wife… 😅

[@cathy7824]

It's no prettier splittling a house with someone you're divorcing. Here's a better idea, pick quality people to be in your life.

[@user-vg6ym5xy2r]

Dang. Now I’m in the mood for Fruity Pebbles. 😜

[@trevorkell8416]

Where can I find the portion of the Dave Ramsey Show that Dave is on it like this? The podcast I listen to on Spotify I don't hear his segments, just his team (which is also fantastic)

[@PokeSparkz]

"well its my passion "💀

[@jr5557]

Me and my husband bought our house before marriage. We we engaged and got married 3 months after closing. I would not put that as a rule though.

[@bigdogboos1]

that guy looks like he drives a prius lol. good lord the stereotype is on point

[@isaachunt5799]

buying any car using banks money is insanity. i have no mortgage. 100k in technology stocks and 80k in cash. i drive a nissan leaf. no way on earth i'de spend other peoples money on buying a car.

[@BENZK-j9t]

I think these guys are living in a diffrent world. 6k car is a POS junk that needs to fixed and parts. 10-20k is a used car that will be working and not falling apart.

[@betitos11]

I agree with Dave Ramsey on this one except for one thing, No woman is gonna boot me outta my house married or not . They can leave if they dont like me 🤣🤣🤣

[@anthonys5568]

I work fo the US Federal Government and see employees all the time racking up $100K student loans on worthless public administration or International affairs degrees at on-line colleges that don't move them up the ladder. But they say they are "smarter than me" so I guess that justifies it for them.

[@heartattackhiker3527]

George you should definitely sell the Tesla as soon as possible. It's a money pit if it ever needs repaired.

[@aplden570]

Where are they charging $250k for a master's in sociology?

[@jimroscovius]

My son totaled his car, got the check, and upgraded. With a bit more cash.

[@aolvaar8792]

Have a 1972 Chevy truck, someone scratched the paint, Insurance company totaled it, gave me the truck and $3K + a restored salvaged title. A repaint was more than $3K!

[@JBCookies8885]

Now I want some Fruity Pebbles. My fault for listening to this before lunch!

[@edwest8804]

"A guy who drives a Tesla shouldn't make car goes up in flames jokes."

[@alexrutherford8088]

Disagree on passion. People will regret that

[@ddwaters374]

I have a question. Does the courts look differently on a wife versus fiancé when there’s a dispute on selling an asset, such as a house that you own jointly? So if you’re getting divorce and your wife doesn’t want to sell the house, is there something within the court system that will make her sell the house just because of the divorce versus a fiancé that you’re no longer engaged to.?????????

[@megalodon1726]

Yes, the court will force the sale of the house if she doesn't want to pay you for your half of the equity. But if you force the sale of the house, she's probably going to fight harder to get more of your other assets like 401k etc. and more alimony. Letting the ex-wife keep the house is often a settlement made in exchange for getting to keep more of your other stuff. But if she keeps the house you should make sure removing your name from the mortgage is part of the divorce agreement (she'd have to refinance it in her own name).

[@davidgerke7150]

​@@megalodon1726so it actually sounds like owning a house with someone unmarried is better. That way they can only take half the house and none of your other assets when they leave.

[@megalodon1726]

@@davidgerke7150 Unmarried couples are much more likely to eventually break up than married people are to get divorced. Also, if you get married and divorced, your ex will have a partial claim to the house you live in anyway, whether you bought it on your own or bought it during the marriage with joint funds. They'll claim they contributed to the maintenance of the house with their labor, and contributed financially via the marital income that was used to pay the taxes/insurance/repairs/mortgage etc. So you're not really adding a lot of extra risk by owning a home jointly with your spouse; the house is already at risk once you get married and both live in the house. To keep a house safe from claims by your ex-spouse, it would have to be something like a rental property that generates positive cash flow so none of your marital income or your spouse's labor is involved with maintaining it.

[@janethomas7873]

I actually did the car thing lol. But when I upgraded I paid cash. I had been saving for when my old car crapped out on me.

[@iztherelife1340]

Student loans baffle me Why on earth do people just live high off the loans? I paced my school to what I could pay cash for And worked my way thru But at the least try not to spend a dime of a loan that just isn’t totally necessary

[@ONLY1KUDWE]

Must be a badge of honor to have a rant be towards you😂

[@superior120v5]

Yea I'm sure his callers love being called dumb, especially the way Dave says it.

[@ONLY1KUDWE]

@@superior120v5 I don't think he's ever called anyone dumb. He usually always specifies their decision making to be dumb.

[@superior120v5]

yea and he does a great job at that. @@ONLY1KUDWE

[@rybour465]

freelance photographer degree baby!

[@garyclark6427]

What about being in gazelle mode to pay off debt? Doesn’t that take passion to a degree?

[@mattdg1981]

The most i have ever paid for a vehicle is 18k. I paid cash. 7k in cash and wrote a check for the rest. My work truck was the last vehicle i made payments on. It was 13k used and i gave them a 5k trade in. My payments were 180 a month for 4years. My biggest vehicle payment ever was for 350 a month. I refuse to ffinance a vehicle but if i have to i wont pay more than 250 a month. I have friends with 700 payments and it blows my mind.

[@esoterictransmissions]

Everyone I know who never went to college is angry, resentful, and jealous of people who were socializing and networking in their early twenties. There is no social life for 18-25 YOs in their hometown

[@dylantaylor4822]

I like how most of Dave’s team owns teslas now including Rachel and it kills him