I Have Credit Cards And A Car Lease, But No Debt!

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[@shootthemoon9549]

She's not exactly debt free but she identifies as debt free.

[@writingonthewall3326]

And apparently that's what matters

[@fohunter12345]

🤣

[@om617yota8]

Love your State of Jefferson pic. I fly a SOJ flag next to my USA flag.

[@shootthemoon9549]

Right on! I'm from Chico where you from?

[@om617yota8]

@@shootthemoon9549 Oregon. Headed for Idaho soon!

[@MrThiefHater]

Some callers just make me feel like a genius.

[@KCSimsStarter]

That's why I watch lol sometimes i need the confidence boost 😂

[@shannonroy5179]

She makes me file like a genius too. Oh boy!

[@DerekTheDisciple]

Mannnnnnnnnn

[@MsPenny05]

I was listening and scratching my head like this doesn’t make sense 😂

[@lauras627]

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

[@paladintactical8250]

"no debt"...except for the actual debt, of course..

[@j.m.browning8645]

Wait, you mean, HELOC's (plural), credit cards (plural) and car leases (plural) are considered debt? I had no idea......

[@insideoutsideupsidedown2218]

So, no other debt....Dave should have known, by the tone of her voice, she has undiagnosed debt disorder. The 200k her husband will get, she wanted Dave to tell her to do what? Put it into buying more duplexes to rent?

[@Takar100]

You know she's got mortgages on those rental properties besides the HELOC too, they just never got around to it.

[@mdooms76]

She actually called in bragging like she's so financially stable blind to the fact that she's in a bad position!

[@DiscoFang]

mdooms76 How was she in a bad position? Her assets and cashflow were clearly both well above debt and outgoings.

[@MasterBetty545]

Nah I don't think she is in that bad of a situation, but if she keeps it up with her mindset she will be. It's troubling that she doesn't even register the car payments as money down the drain. It's not that odd that their leasing cars considering that they own their own business, what I find odd is why they feel the need to lease both of their vehicles. Unless their using both vehicles for the business this doesn't make much sense to me.

[@fleurelise997]

She and huzzy are the Ken and Barbie types Dave spoke of years ago.

[@---cr8nw]

But next year we might only bring in $22,000 and 6 happy meals. So we're in a good spot.

[@RiggyRonnie]

😂 That's the best part

[@mannyjeanpierre4062]

This show is as much a comedy show as it is a financial one with these callers

[@DeanTheTurkeyLegster]

Yeah it is!!😄

[@jjuniper274]

😂

[@johnhein2539]

“I have $20,000 in student loan debt, but now that I’ve graduated, and it was like, really hard, I think I’ve earned a little gift. Thinking a cheap little $3,000-$4,000 trip to Europe.” “But you got yourself a gift already! 20,000 of debt!” “...........yeah........” (We can actually hear his head sink)

[@rachelelizabeth1306]

Right! 😂😂😂

[@geebee6010]

Its scripted to keep Ramsey relevant

[@l.ls.8890]

This person is so confused, she does not need your advice because she will not follow it.

[@jessicaHcat]

She reminds me that other caller from a couple of days ago who said she doesn't want to give up entertainment spending even though she is in debt. She spent her time replying to the comments in that other video to justify her spending habits after speaking to Dave. Neither of these two women understand how serious it is to have debts.

[@User-qu7pq]

Jessica Chang My thought exactly

[@ChrisInvests]

success takes dedication!

[@jpmonin7429]

She has a paid for house.

[@lydialukes522]

@@jpmonin7429 having a paid for house doesn't mean she isn't in a mess right now when it comes to money. Especially if she doesn't count leased cars and credit cards as debt.

[@verycutetaco]

Dave my 10 year old car needed a oil change so I financed a 65k BMW, I make 23k a year *WhAT dO I dO?*

[@kevinb8881]

LOL!!!

[@verycutetaco]

Kevin B Lel

[@austintomkewitz7206]

Why does this sound like a joke

[@austintomkewitz7206]

Oh I get it ahahahahaha oh my god whew that was great I think ask your mechanic what to do xd

[@verycutetaco]

austin tomkewitz It sounds like a joke but unfortunately Dave has had the luck of meeting several people in this situation.

[@DH-uw3us]

His face when she starts talking about her credit cards and car loans lol.

[@kevinb8881]

LOL!!!

[@katv3116]

"honey, that's *DEBT* " lol

[@RealLifeMoney]

Priceless lol

[@Agentxx00]

😂😂😂

[@diegoc4770]

Lol, saw it

[@BernadetteTeachesMusic]

She’s delusional. She thinks she has no mortgage and no car payments. Did she think Dave was going to praise her?

[@_Philip_.]

Chill out miss

[@laurenandreas5950]

@@_Philip_. ..you are the only one with the 👎! What does that say about you??? Philip?

[@_Philip_.]

@@laurenandreas5950 am I?

[@_Philip_.]

@@chase-warwick i know lol

[@Shadow2084]

She’s a prime example of a person who always knows better.

[@peartfaldo]

and who cant afford health insurance....

[@x23.]

Honey that is DEBT. I don't think she knows what debt is.

[@youngjedi5599]

X23 she doesn’t. Lol!

[@itsnotaboutyou]

"Honey, that's DABDT!"

[@mustafawali4488]

hyena627 🤣

[@Sophia-yg9wx]

😅😅

[@jdi5909]

😭😂😭😂😭😂

[@TKCIW]

You kill me 😂😂😂

[@RealLifeMoney]

“Lease which is $300 a month which is nothing” ...mindset is poor 😑

[@fhuber7507]

Mindset is terminally vacant.

[@cjjohnson353]

Nothing is nothing

[@MattySOP]

@@et5895 yet shes more wealthy than all of us..owns real estate and has her own business..relax lol

[@sobradodelobo]

Nothing coz hubby pays.... poor dude

[@Mzzy555]

Its crazy the lack of understanding people have about debt. My cousin asked me why I didnt just get a new car and make a payment (i drive an ‘07 vw that like any other car needs routine maintenance and the occasional repair), told her I didnt want to be in debt with a car payment. “But its not debt, youre just paying it off” 🤦🏽‍♀️ thats debt honey

[@thekwyjibo4051]

I guess some people only see it as debt if they're behind on payments

[@DiscoFang]

This also highlights people's misunderstanding of what rent is. Rent is the equivalent type of debt but with nothing to show for it after a few years.

[@GhostAcez]

Well it seems like she was using credit cards for the benefits and making sure to pay them off before any interest hits. And the car is literally 4% of their monthly income on "bad years". Its not the big of a deal honestly. She should've bought a car instead of leasing it though.

[@jens8223]

@@DiscoFang not really

[@DiscoFang]

jen s Yes it is, somewhat. Debt is putting yourself into a cycle of having to pay for something and never getting ahead enough to be out of that cycle. Which is what rent is.

[@jdmac157]

"I have no debt." "HELOCs?" "That's not debt." "Oh, ok. While I don't have any other debt." "Credit cards?" "Yeah, I accumulate debt every month on them and try to pay them off. I have no other debt." "Car loans?" "Yeah, but that's not debt. They are only 300$/month" This was a hard conversation to follow.

[@---cr8nw]

Even worse, they're not car loans. They're leases. After she pays the debt on the cars, she doesn't even get to keep them.

[@halkon4412]

Credit cards aren't debt if they're paid off on time. If there's no interest, it's not debt.

[@SarahOpossum]

@@halkon4412 if you owe someone money, you're in debt. 🙄

[@halkon4412]

@@SarahOpossum And if the balance is paid off, who do you owe money to?

[@sharinglungs3226]

I can see her rationale as it really depends on definition of debt. Car lease is more of a liability as by the end of it you don’t have anything. Credit cards can almost be considered delayed expenses if paid in full every month. Helocs are 100% debt though she looks at it as investment expense.

[@joeh2401]

She was calling for praise. Ouch.

[@thebestwillow]

That went badly wrong for her.

[@kellibuzzard9431]

Exactly. 😂

[@HealthySkepticism1775]

It continues to shock me how many people don't know what debt is🤦‍♂️

[@MiMiOrt]

"Not only the book but the makeover" 😂😂. The Shaaaaade

[@apmwpny]

OMG Mimi... Burst into laughter when I read your after-thought comment... You are funny!

[@zhernandez8287]

😅😅 i died when he said that

[@kellibuzzard9431]

Thrown hard. 😂

[@HAMID___]

She’s completely oblivious

[@ALXSSA]

I knew once I saw the title that it would only go downhill lol.

[@ninaunderdue1430]

Right?!!!

[@luminous6969]

The thumbnail was perfect as well lol.

[@bford3977]

🤣🤣 Exactly

[@Simmingmomma]

Exactly! I wonder if he’s had a rant asking if anyone is actually listening!? “I have no debt!” Except this This this and that.... when I first started listening I thought, “this guy sounds grumpy!” And it’s no wonder. I would be grumpy too talking to people all day who weren’t listening. 🤦🏽‍♀️🤦🏽‍♀️

[@88nicc]

And loved it haha

[@kalumaseka5141]

She's having a love affair with debt:;

[@mikenelson8377]

DR: do you have any other debt? Her: nope. DR: ARE. YOU. SURE? Her: ...well I have two car leases, credit cards and two Helocs but those are all nothing and very manageable. DR: 🤦🏼‍♂️ Her: what?

[@jonathanblack4300]

"You're having a love affair with debt". Dave hit the nail on the head once again.

[@rustychain9518]

My FIL followed Dave’s advice to the letter, he drove beaters, saved, invested, lived in a very modest home, and was really wealthy with zero debt on the day he retired. Two weeks after he retired he was diagnosed with stage four pancreatic cancer and was gone three months later. Be smart with your money, work hard, but live life because there may be no tomorrow . Cars are not stupid, credit cards are not stupid, just live within your means and enjoy life. Having crushing debt can take over your life, but budgeting 24/7 is just as stressful,

[@markg999]

Well that's not really the Ramsey way once debt free your friend could have bought a nicer car cash or nicer house. Agree you want to be debt free but not be so tight you never enjoy some things. Now who knows...some people dont care about having a nice car or bigger home and get enjoyment from simple things like the outdoors.

[@kellibuzzard9431]

Exception to the rule. Exceptions don't make for good rules.

[@grayandgray]

Guaranteed the second HELOC for "other things", $60K, was a consolidation of their consumer spending....along with how she paid the occasional $5K credit card monthly balance.

[@carnival30]

I agree.

[@DiscoFang]

It's odd though no acknowledgement was made of the fact the actual positive equity they have in the 4 homes. It should also be noted that since the loan is not on their home the interest is tax deductible from the rental income.

[@jeffa3232]

Thinking something is good to have bc it's tax deductible is a fallacy. For example, if your interest is 10,000 dollars and is tax deductible your roughly saving 2500 in taxes... If you didn't have that deduction you would have $7,500 dollars extra to save or spend elsewhere, don't spend $10,000 just to save $2,500!

[@DiscoFang]

jeffa3232 Reducing the concept down to being about tax deductions is the fallacy. The concept is that a rental house gives a good return on the investment - cashflow. That return is taxable. A tax deduction is a cherry and increases return. To use your figures: $10,000 in interest would be a 5% mortgage on $200,000 borrowed. If you get $2,500 of that back, the effective rate is 3.75% ($7,500 on $200,000). Borrowing at 3.75% to buy property that can return anything from 7-14% is not stupid. She had 3 rentals on a total of $100K borrowing which is also not stupid (at 5% that's only $5K PA interest). A 10year mort at 5% is $1061 per month. 20yr is $660pm. At normal Yield rates, even after maintenance & costs the rents would pay the $100K off in no time all with no further cash input. The tax deduction is a cherry that pays off the investment even faster and safer.

[@fleurelise997]

@@jeffa3232 You're so right. This is exactly what Mr Ramsey has been trying to get his listeners to understand. Equity means nothing if you owe on what's providing it. In fact, try carrying the equity to the store to pay for stuff and see what happens.

[@glennz6686]

I'm like Dave Ramsey I hate payments. Ever since I paid off my mortgage and car payments I do everything in my power to pay cash for everything moving forward

[@leod.4401]

Awesome man! I hear you. I've never known what a car payment is and I'll have the morgage payoff amount in a year, maybe less. Debt free is the way to be.

[@ben02f12]

I prefer to use a credit card that gives me 2.5% cash back and pay the balance off in full each month. Doesn’t make sense to use cash unless you are getting a better deal or simply can’t manage a credit card

[@glennz6686]

@@ben02f12 I also use credit cards and get points. I pay them off every month

[@Syrpens]

Caller: “So i have no debt” Dave: “okay what’s your question” Caller: “so here’s all this debt i have” This woman is not the brightest.

[@muserussell2377]

Dont have any debt.. proceeds to say that she has 110,000 dollars of debt

[@TerryOnDemand]

Right!🤦🏻‍♀️

[@fleurelise997]

You're good with the calculations, my head started spinning when she started listing it all.

[@Jadeskorpion]

Not just 110,000 in debt. We never found out just how much she owed on those cars. 300 a month for one car is likely a 30,000 dollar car. If they are both 30,000 dollar cars, that's another 60,000 in debt. So she's probably running about 170,000 in debt.

[@christenmclaughlin8476]

@@Jadeskorpion When you have a lease you down owe the total of the care just the lease amount, if it was $300 a month what would be owed is $300 times the term of the lease (usually 36 months)

[@marvinjackson7262]

Insane smh

[@brad885]

I have no debt, just the payment on my college degree 😂🤣🤣🤣

[@Je.rone_]

*The best thing people can learn is learn how to make/use a balance sheet for not only their business but also their personal finances*

[@llanearango56]

“My car payment is $300 a month no big deal” Lol ok big shot! Get her Ramsey!

[@mattenderle1766]

“It’s not a big deal.” Dave: (wants to scream) it is a big deal!!!!!

[@Jonathan-nu5ee]

Dave is becoming way more forward with his answers, and I’m loving it!

[@FrankSmith]

why do people call in if they don't want advice LOL

[@obiflex]

To boast 😝

[@armenianchik]

To boast about having debt!🤔🙄😕

[@TheCobruhAlienat0r]

They want confirmation that the way they manage their money is right. Or to boast about how much they make and what they have.

[@triniwondawoman]

thank u!

[@sharinglungs3226]

A free book? Lol. I think most people are just looking for confirmation they’re making a good plan. Also some people are looking to be praised by Dave.

[@user-cv3gd2wr5q]

People like her think debt is the only way life works. I remember when I was 23 and people told me debt is the way life works and I wasn’t smart enough to do it any other way...lol I didn’t listen to them!

[@josimatson7564]

"I'm debt free except for my home loan, car loan, and student loans."

[@mikemayo4812]

I don't consider a home loan to be bad debt. Most people can't pay cash for a house.

[@sarowie]

@@mikemayo4812 Yeah, but when you get 200k of unexpected income and have a 100k Mortgage: What would you do? I mean, there are business-, economic- and tax-situations where keeping 200k in the business is wiser than taking it out of the business to pay of personal debt, but people smart enough to figure that out usually do not call Dave with "I do not have debt" before starting to list debt and stating unstable income.

[@wa2k99]

And a timeshare

[@stevrock693]

You can almost see the hope leave his body

[@strack94]

I love when people call in saying they’re debt free but aren’t counting the credit cards and car loans lol.

[@CaliToTheCrowd]

I think she just wanted to call to tell the world that her husband was getting a raise

[@petecheng1]

we don't have a lot of debt, we do and we don't.

[@shandemaio8902]

Peter Cheng lol! Right

[@tayw9602]

I started thinking what drugs were on the market in Tampa that got her thinking this way 😂😂😂

[@andrewscasualmtb]

I knew she was an idiot when she said that line.

[@lovethemflowers]

@ Peter Cheng - I was having trouble hearing that line, she said it so fast. Glad you cleared that up for me.

[@GoogleAccount00]

@@tayw9602 💀🤣💀

[@Lon1001]

Having a CC is not having debt, carrying a balance from month to month perpetually is a debt. For a business to lease a car is an ongoing business expense, not a personal car loan, if you are good at using tax code to drive leased vehicles inexpensively then why miscategorize it. The HELOCs are also business accounts that can help owners manage and buffer their cash flow and expenses. I think this lady called the wrong person for financial advice.

[@donwurbadit]

If she has a Heloc used for business, it is personally guaranteed. It’s debt. Leases are tax advantageous for sure, but buying a business vehicle for cash is always better. If the business goes under, they will take her personal assets. It’s personally guaranteed debt, don’t kid your self.

[@Lon1001]

@@donwurbadit yes but it's guaranteed using the investment property as collateral. I agree it would be better position to have a contingency fund (like condo owners are required to have a reserve fund) but neither way has any bearing on her current net wealth or ability to grow it (unless interest rates were much higher)

[@arleneaugustahair8393]

I really hope she sees these comments because you guys are hilarious! 🤣🤣🤣🤣🤣

[@lemon4grss]

What gets me is how some people just laugh when they call you knowing that they are in deep debt, l love how you deal with them. Thank you for all you do Mr Ramsey l am learning so much, and l’m so grateful l’m debt free today. Bless you ❤️🙏🏻❤️

[@yayyareaa2997]

If you have a lease, you have debt

[@oliverturner5334]

Yayy Areaa Aren’t leases basically renting a car? Whereas car loans are debt

[@philliesphan3928]

Oliver Turner it is like renting a car, but you are locked into a several year contract, which makes it debt as well ✌️

[@Montu4g63]

I guess you could have a one pay lease ...that's not really debt A regular lease you are taking a loan to pay for the usage of the car..so sure I agree it's debt.

[@lovefunkrockmusic]

Lease, lean are debt. These are something you owe to someone

[@colorob8887]

High interest car rentals. Normally, people finish one contract and then get into another one which makes it never ending.

[@margie909]

When you call in to humble brag and then get schooled!

[@brandondaniels9471]

2:06 -- Dave's sigh is priceless 😂😂😂

[@hollyb6885]

I disagree with Dave regarding credit cards. If there are no fees and she pays them off each month, I wouldn’t count that as debt either. I’d air the cash back and use it.

[@andreasmiff]

I’ll never understand WHY people call him and ask the SAAAAME question over and over!!! I can answer the questions for him before he even says it!🙄🙄🙄

[@jdredman]

Because all the time, somebody new discovers this show. I'm like you, I could just tell you what he's going to say LOL

[@familydinner1]

Andrea From KZbin He wouldn't have a show if people only asked new questions.

[@SingingBeeize]

Caller : 🗣🗣🗣🗣🗣🗣🗣🗣🗣🗣 Dave 👴🏻: “ That wasn’t what I asked ...” 😹😹😹😹 Y’all need to stop exasperating Dave !

[@SomeGuy-sy5sj]

I hate debt so much; I'm very tempted to live two years in the woods, in a tent, with my family, to be debt free.

[@kurticeberg4566]

Scorched Earth. Bugs and Mice, Mice and Bugs.

[@BabyBearRudy]

“I don’t have any debt...” then goes on to explain all the debt she has.

[@nickid3928]

I wish I could push a mute button like Dave when I don’t want to hear the nonsense people tell me..

[@alonepizza5270]

I have a 99 civic I purchased from CL for about 2300 bucks. It had no issues for 2 years, and has been overall a great car. Find a cheap car and save up!

[@bryanuchiha6166]

A Lone Pizza true but its hard man Buying a car like that then some major issues within a few months. Thats scary

[@karelcamacho5335]

Jesus Christ. What happens to all that saved up money if God forbid you die in a car accident??? What did you accomplish?? you only live ONCE people, LIVE LIFE, TRAVEL, GET NICE THINGS you can afford without financially breaking yourself. My grandmother, has lived in the U.S. for over 25 years. She never goes out to eat, still has her same 2001 Toyota Corolla that looks like it belongs in a junkyard, never ever travels, NEVER EVER goes out anywhere, still lives in a tiny apartment that would make someone with claustrophobia panic, does not waste a penny on anything aside from groceries and I am sure she has SHITLOAD of money saved in her bank account. Again, I repeat, she has lived that way for 20 years. What has she accomplished in life? What has she enjoyed?? Can she say she has lived life to the fullest? Complete waste. I am not in credit card debt, but I do have my mortgage and car leases. One thing I’ll say, I am living life and making sure my son enjoys every single day with me.

[@haqikbr]

Surprise! Car lease and credit card are actually debt!

[@YoungGrizzly]

When I hear, "long time listener" I automatically know they haven't been listening at all.

[@dlae73]

She's in denial about debt. Her husband needs to take HIS money and leave her.

[@InvestingHustler]

I have a feeling she’ll either not listen to Dave’s advice be calling back in a few months

[@dlae73]

Yeah, bankrupt and divorced by Thanksgiving.

[@Niko-1004]

She has two helocs that's it.. credit cards are paid in full.. which means she can use debit but then wont get free money with the points. This was horrible advise. And she leases a car with set payment nothing she can do there till lease is up

[@MansterBear]

Niko G A lease is debt and u can get out of them. My wife was leasing a 2018 traverse and we just got rid of it a year and a half early. Get a lease then go check ur credit report. The balance of your DEBT will be on that report. And putting money on CCs is also debt. She supposedly pays that debt off each month, but she has debt if those cards have a balance.

[@Niko-1004]

@@MansterBear nothing wrong with that actually builds your creidit score. The lease is a debt on credit. But what we are saying is that you are in a contract.. Yes you can pay fees and return a lease early but that's a bigger mistake. Just wait till it's over. It's like renting a car

[@MansterBear]

Niko G There's no fees. You just have to pay off the lease (debt), which u will probably be upside down on. We were $4,000 upside down so we paid the difference. If we would have just finished the lease up normal, we would have paid $15,000 then had to turn the car back in. Instead, we got out of the lease and are now buying a car that we will have paid off before the lease would have ended if we would have kept it. Way better off this way.

[@trebmaster]

I wonder if some of these people only hear two sentences about who Dave is before they decide to call in sometimes.

[@roxcyn]

I'd pay off the HELOCs, trade in the two cars and buy in cash two different cars. The rest of the money I'd put in a high interest savings account.

[@EliteClinicalResearch]

I think Dave is wrong here. She pays off her credit cards every month in full. That is not debt. It sounds like they lease the cars through the business, so they are a business expense. Once again that is not debt. I don’t see a problem here

[@adamwinnett8892]

Elite Clinical Research I think you’re right about the cars being leased as a business expense, and paying off the credit cards in full is certainly not the typical problem callers have. But Dave is arguing from his point of view that ALL debt is bad. For one, he believes credit cards are evil, and probably that the begotten rewards are immoral (someone pays for your points). He also has stated in other calls that he built his business without debt. He hates all debt equally. Again, not disagreeing with you; I’m just clarifying the issue from Dave’s point of view.

[@EliteClinicalResearch]

Adam Winnett respect! That makes sense. But he kind of jumped to conclusions on this one that I don’t think were accurate with this particular caller. Your correct most don’t do all this.

[@KatieBellino]

The Helocs are concerning. That likely means they've gotten themselves into trouble with debt before. It does sound like they rent out those two properties, so the rent covers the Heloc. While the cars are a business expense, it would be much better to own a couple of nicer used cars. The problem is they have a lot of debt that would come crashing down if there is a major change in their incomes. The credit cards in full are arguably fine if she is budgeting for everything she swipes for every month.

[@lindsay3793]

I love when he tells people off!!!

[@itsjustmarcy2571]

Honey that’s debt in Dave voice 😂

[@kdash3215]

Sounds like she thinks she's outsmarting the credit companies by paying off in full. Or she's still hooked on them because they've gotten into her head that credit cards are a safety net. They're not. Fear. It's a powerful tool.

[@dexterm1285]

I save 60% of income and we use a cc. Paid for home and paid cars. So some are winning with a cc. Networth nearing a million.

[@kdash3215]

@@dexterm1285 That's great. Everyone's situation is different but from my perspective, it doesn't appear that you use it out of an actual necessity based on the limited info you provided. I personally don't want to play with snakes anymore. My boss is worth 9 figures but he knows all it takes is one lawsuit to launch a wrecking ball at your finances.

[@dexterm1285]

@@kdash3215 Only debt I've had was a house and car never cc debt...use cc like I would cash and never buy on cc want i dont have in bank.

[@kdash3215]

@@dexterm1285 I once heard someone quote his grandmother saying you should never borrow more than you have in cash. Not a bad policy. If it works for you, it works. Can't hate on it. We may play different sports but as long as we win, that's all that matters.

[@dexterm1285]

@@kdash3215 Yea I mean if cc debt was ever a issue or high spending no cc is for sure the way to go for most people. Luckily my wife is frugal also.

[@johndenmark189]

Dave wasn't messing around! Shut her right down and pressed the end call button at the end of the conversation. Wouldn't even let her talk anymore non sense! I love it! 😂😂😂

[@nathanmcdaniel2557]

I had a neighbor who said he had no debt. He financed a $40k truck and they owed big on his wife’s student loans. He never gave me a number but I think it was over $100k

[@adamseidel9780]

I love how every single one of these "I own 4 properties and have lines of credit on all of them and I'm starving help" calls are always ALWAYS from Florida.

[@happygenerously6008]

Don't call if your not going to take advice he's giving you advice not vice versa PEOPLE!

[@Archer335]

“Honey, that’s debt!” Let’s call a spade a spade! LOL!

[@jy60517]

I love how some people think that only credit cards count as debt.

[@theanachronisticlife8574]

He dealt with this lady and the one who thought her husband was being too intense cutting down restaurants and movies to once a week back to back, poor Dave!

[@beeezeee1783]

Turns out, when you take away all my debt, I’m debt free as well.

[@ms.herlan7860]

😂😂😂😂

[@EMYoutube1225]

I’ve gotten my daughter chanting “No debt. No mortgage!” Debt free is the way to be.

[@mwarren5034]

Ramsey is a beast. Lol. She is acting like a clueless 5 yr old. He’s face is priceless when he finally understands what she is trying to tiptoe around. Got to love him.

[@MrStevile]

2:05 That look of disappointment when she even mentions she has a credit card....

[@TearingRaven]

Pretty wild that she thinks they are rich and successful while in reality are broke living in a house of cards. I bet she has no idea what the potential consequences of these HELOCs, given they are almost always adjustable rate.

[@altair1983]

Great response from Dave. He clearly cut her at the right moment before she had time to feel insulted.

[@nyemartin5737]

The look on Dave's face at 2.10 when she says she has credit card and car debts. lol

[@DanielGarcia-zz9eg]

Just flexing her income online

[@UneakTershai]

Wow! This is just. Wow! She doesn’t understand. Poor Sophia. 🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️

[@devbeeb6237]

After watching a few of these KZbin videos it’s the same people asking the same question in different ways and Dave just says the same thing every time

[@BlackMenAreDope]

People are truly weird man. This lady called in as though she had it all together. Yet, her financial life is an example of bs.

[@romanticwarrior3236]

When she said car lease Dave lost it!😁

[@youngjedi5599]

Credit card companies are waving her on over! 😈

[@youngjedi5599]

She doesn’t sound to bright

[@teebone2157]

What are advice for anyone determining if they're a debt free. If you owe anybody money and it's not your mortgage company or a utility company you are not debt free

[@ag3498]

I don't necessarily agree with everything Dave says but callers like this must be incredibly frustrating to deal with. Also, there's a definite correlation between callers who ramble on and people who are not in control of their money.

[@KParks]

Lol I don't have any debt then proceeded to list a bunch of debt.. but it's not a big deal that's why I felt the need to call! ??

[@grlmgor]

That not my debt that my husband debt.

[@RKmndo]

@@grlmgor LOL

[@michaeljuliano8839]

I was this person more recently than I'd like to admit.

[@chrisd6736]

Didn’t understand what “debt” meant or what?

[@michaeljuliano8839]

@@chrisd6736 It wasn't that I didn't understand debt. It's more like an optimistic mental accounting method. You know those things are technically debt, but if you can find an excuse not to count them, you can view your own situation as better than it actually is. It was probably my biggest hurdle in getting onto a sound financial plan.

[@chrisd6736]

Michael Juliano- ya I gotcha. I’ve caught myself saying out loud “I’ve never taken out a loan” then realize I took out almost 200,000 in fed loans to pay for school lol.

[@michaeljuliano8839]

@@chrisd6736 It doesn't seem to matter how smart we are, either. It seems to be something wired into our human brains to make such stupid calculations.

[@chrisd6736]

Michael Juliano- Yup. We can block out painful or traumatic memories. It’s a defense mechanism.

[@ImGeoX]

He shut her down real quick and sent her that book

[@RealHealthyGuidance]

Dave: what is your household income? Caller: blah blah blah

[@SoHailusive]

Based on this womens logic, I AM OFFICIALLY DEBT FREE! I just have payments for things, but that's no big deal.

[@ms.herlan7860]

😂😂😂😂

[@Lon1001]

Yeah, it's called expenses and having a budget.

[@intelligentinvestor7615]

Dave is such an inspiration for me! I've built up a 50,000 dollar net worth at age 20 and have begun starting my own KZbin channel as well as currently going in stocks myself. I couldn't have done it without him.

[@betper3321]

hi what stocks do you buy?

[@can1beatme]

Lmfao bum

[@danielb3863]

If I charge a 100 bucks a month on a credit card for gas and pay it off every month (no interest ) , what is the big deal?

[@SmoothJK]

Honestly, if you only use it on gas, it probably isn't a bad thing at all. But MOST people with credit cards will unknowingly buy more than they otherwise would with cash, and their points/rewards/miles don't make up for the extra money spent. Dave HAS to be consistent and give the advice that will work best for the largest number of people. Otherwise, you budge an inch, and people will rationalize their way into financial ruin.

[@ondreironhaar6735]

SmoothJK very true. Dave has figured it out. When it’s comes to money people aren logical. They are emotional. Credit card companies make a ton of profit on the interest from people not paying it off in full each month. That’s also why they lend you more than you can handle so you will use it and owe them.

[@KatieBellino]

@@SmoothJK Exactly, it's a small percentage of the population who can truly have a credit card that they pay off every month and create a budget to use. A lot of people become very tempted to charge something that they don't have the money for right then and therefore, they just shouldn't have the option in their wallet.

[@joelboy26]

"I have no debt. I have credit cards and car leases and mortgages". Does she even know what debt is?

[@kittyakumu]

2:10 The “Lord, please give me strength” face.

[@jimroscovius]

"We have no debt". Yeah, right 🙂🙂

[@speakingtruths4215]

Bottom line is if both decision makers aren’t on the call, it is highly unlikely ANY of his advice will actually be implemented, unfortunately.

[@dta1329]

This girl statement at 2:14 literally broke Dave’s soul lol

[@maq637]

Dave I have 2.7 million dollars in debt and make 38 thousand/year what do I do?

[@KourttneyL]

Brady McIntyre call HIM

[@elmagnificodep]

1. Put $1000 in your savings. 2. List your debts smallest to largest. 3. Remove $1000 from savings. 4. Flee to Mexico.

[@JK20239]

Leave the country ..

[@RAZASHARP]

All these answers are wrong!! YOU NEED TO IMPROVE YOUR INCOME PAL!!! BY ALL MEANS NECESSARY!!!!! PERIOD!!! You’re not going to save your way to $2.7 million🤷🏽‍♂️🤷🏽‍♂️. And you’re welcome

[@mikenelson8377]

Matt P that joke went completely over your head. Like, it cleared over your head with more than ample clearance 🤦🏼‍♂️

[@ThatDoll25]

“You’re having a love affair with debt” 😂

[@DeanTheTurkeyLegster]

What color is the blue sky?? Some calls I'm sure Dave questions why he takes phone calls!!

[@choreomaniac]

“A few hundred bucks a month-not a big deal”. Let’s say it’s 250 a month per car or 6000 per year. Over 10 years of ownership that’s 60k. Compare to buying with cash 2 5 year old Toyota’s at 10k each and selling them after 10 years for 2k each. That’s $800 per car vs $3k per car. And the insurance will be 2-3 times as much as well. $44k over ten years. 220k over 50 years and if that had been invested instead it would be a million dollars. But “no big deal”.