I'm $46,000 In Credit Card Debt and Tired Of It!

[@JNT-s2x]

we were in over $80k in debt in 2018. 2019 became debt free following Dave's show and books. We sold everything that wasn't tied down, canceled cable, gaming, and streaming networks and even our cell phone plans. We don't make too much at our jobs, we just cut costs.Three years later, still debt free and close to 60k in investments. Thanks Dave!

[@odiyn8315]

Yea

[@SIGI-SOUNDS]

Good stuff man, congratulations!

[@BrezzyBoi33]

Live life a little dude, you got to buy some things. Psychopath

[@JNT-s2x]

@@BrezzyBoi33 lol. Well, seeing that we're debt free with over 60k invested, I'm pretty sure we're living life real good now. And we have cell phones, streaming networks, vacations etc.

[@JNT-s2x]

@@SIGI-SOUNDS thanks man. Feels great.

[@DavidGonzalez-ru4uz]

I was the caller on this one, glad to say we are out of CC debt, did not sell our home thats paid off and only have our mortgage. Pretty awesome.

[@suredeydo]

Congrats! Nice work.

[@JasRog1026]

Nice,good job bro,proud of you,one day I will be saying the same just like you 👍

[@DavidGonzalez-ru4uz]

@@JasRog1026 Thank you…You will do it, you’ve got this. I wish the best for you and your family, I speak blessings over your life in 2025 and the fortitude to handle and hardship that may come your way.

[@akc783]

“It’s going to feel like you got a raise when you get on a budget.” Personally, I had the opposite experience. Getting on a budget showed me how much I was living outside my means and I found myself tightening up more than ever. It was definitely a good thing, but no way did it feel like I got a raise.

[@tulipchic34]

My ex got us into around 39k credit card debt due to his gambling. When we broke up I saw the full extent of what he did. We both worked and should have been living comfortably. Many times before we split I asked him to sit down and work out a budget but he was always so resistant and we would end up arguing. I have now been single 4 years. I am now paying my mortgage by myself and have 24k in the bank

[@Hello-iz9hl]

Ouuu girl 24k I wish😛

[@Marialovely-ty4ce]

Awesome 😊

[@victorkreitner754]

I've been single all my life accept for one 7 year relation. I have no debt, and have over 200K saved. Probably will work until 67, and at the same job I've had and love for 24 years now. Barring any serious situations I hope to live my older years with no stress and no debt at all. Pay with cash or do without.

[@Middle850]

Never let someone else ruin your life with their behavior. Been there before when married and took me a few years after to recover. Again couples need to talk to each other and not knowing what the other was doing is not the answer and you HAVE to talk and be on the same page. It’s so important

[@Aisha_babii]

U go girl 🎉

[@EJ-vn4pv]

My husband and I paid off 45k in 10 months following a strict zero based budget inspired by Dave. Every single month we sat down together and discussed how we were going to achieve our goal and stay on track. The communication truly reaches a whole new level when decisions are made together.

[@thefunfam1433]

Wow! How? That’s about what I’m in debt for cc

[@Lil-Whiskies]

I get what Dave is saying. It's like cleaning up a hoarder's house only for it to fill up again because emotionally the person can't change the way they live.

[@twovirginiacats3753]

Usually that is it or you get dragged along by a spouse that won't change.

[@kimberlyG1111]

In two years my husband and I paid off 87k in debt following Dave’s process.

[@littlesongbird1]

Wow congrats!

[@Sweet_Southern_Pecan]

Amazing congratulations!

[@roadrunner9622]

Means nothing if you don't tell us your income.

[@araung21]

Congrats a🎉

[@godisgoodallthetime7622]

We sold our home as well. Moved into an affordable home we paid for. Slowly renovating the home. Paying for our renovation in full as we can. For the first time in our thirty year marriage we are debt free. And it feels great. We're not living beyond paycheck to paycheck. It took patience and consistency. But above all. It takes a couple who are on the same page. It will not work if only one's there.

[@ericwotton2046]

Beans and rice, with a side of rice and beans!!

[@love4stamps]

🤣🤣🤣

[@Vanessa47912]

BOL!!!

[@bnepaul9268]

U are certainly funny 😁😃😃😁👍👍😁😁

[@luckystar8590]

I’ve been enjoying beans and rice!😋🫘🍚🤑

[@shepirate4651]

WOW this callers scenario is exactly our position at time! Now I know exactly what we need to do! I can't wait for my husband to get home to discuss :) THANK YOU!

[@retrojay86]

how has it been going since then?

[@jurisveipe4341]

@@retrojay86 she's dead and the husband is in jail.

[@Jerome-m9j]

@@jurisveipe4341😂😂😂

[@19ANT86]

😂

[@TheDjcarter1966]

Dave sees the problem if you sell the house and don't change behavior you will be back here in two to three years

[@shawntely]

‼️‼️

[@roadrunner9622]

Yep. But next time he won't have a big rental property to bail him out.

[@danettemckinnon7251]

I was never out of control but when I got organized with my finances and put everything down on paper it made such a difference and I made so much more headway after I put pen to paper.

[@Hagg506]

Love it when smart people understand.....fix the problem.....don't just treat the symptoms.

[@spot_of_tea53]

That food budget with five kids, game over with his salary.

[@DavidGonzalez-ru4uz]

How much do you think they spend on food?

[@jml9550]

It is not the grocery budget, it is the eating out that’s out of control.

[@alinatamashevich3354]

Momma maybe unable to cook!

[@rory644]

@@alinatamashevich3354 daddy has hands 🙌 aswell

[@alinatamashevich3354]

@@rory644 Bingo

[@Epidombe]

It always amazes me the angles dave can see things. Just when i thought it to be a quick “sell the rental, pay off the cc, chuck the rest at mortgage.”

[@aolvaar8792]

“Sell the rental, pay off the cc, make an emergency find, chuck the rest at mortgage.”

[@angelachanelhuang1651]

AMERICANS are not financial planners

[@retrojay86]

​​@@angelachanelhuang1651 sadly, financial literacy is poor

[@katemiller7874]

That’s what he should do

[@nodsib]

Hahaha, the way Daves shakes his head when the caller is being asked if he’s on a budget 😂

[@tmusa2002]

Let’s just say how IMPRESSIVE it is that he has a rental house that’s paid off. Why can’t they move into that? I wish Dave had asked more questions about it.

[@gypseenomad3956]

I was thinking the same thing. They'd be mortgage free.

[@dylpicklethebugslayer]

Yep

[@Nickypecs]

They should be able to rent it out for what their mortgage is to at least break even and still keep the asset

[@danpike7980]

It wasn't clear whether they were currently renting it, or if it was part of their income.

[@BrianaBudgets]

Probably too small.

[@nnvng]

Thank god me and my husband don't have any student loan debt. But we are stressing over just 5k credit card debt and a 10k car loan. These videos keep us motivated to not get ourselves deeper into these situations. Life happens. However, we both need a stronger life saving plan. That's our main focus this year and paying off everything.

[@grantv2313]

We make more than them have 1/3rd the house and two kids and just get by. Not incurring debt but not thriving by any means. I’m surprised they don’t have more CC debt. I don’t even have a vehicle payment. But sure enough a $300 to $500 “extra” bill pops up every month for me. This month was a plumbing issue I couldn’t fix.

[@Notthelizard]

I wouldn’t sell the rental. The value will escalate. Better look into more ways to bring in more money and use less than you bring in.

[@rsafree1139]

Or it doesn’t escalate. Or it needs a major repair. He needs to sell it

[@roumantzas7379]

I just started working on the snowball method you spoke of in another video to pay off my debt…pray for me! Haha

[@fawdzoola9192]

Best of luck 💪

[@Project-Masculinity]

God Bless

[@stevenporter863]

Best. That debt is toast. 👍

[@Vanessa47912]

You got this!!

[@paulwisdom5383]

You've got it buddy. It worked for me till my situation went sideways. I cleared about 70% of my debt before that point and it got to the point of being fun paying the remaining balances off!

[@livingcolorado66]

I don't understand telling someone to sell a paid off rental property to pay off $46K in CC debt. We weren't told if the rental is being rented out and if that is part of their income. If it is additional income then sending that to the CC seems better and when they are paid off they will still own a great appreciating asset. Also - as mentioned in the threads, why could they not sell the current home and live in the rental mortgage free?

[@hollystiener16]

The rental home is way to small for 5 kids. They had too many kids

[@Apsaramain]

I know exactly what this family is going through. Been there. They have to make a meal plan Sat night, let one of them go shopping for the week for two hrs Sunday. Game changer.

[@FortuneSeek3rz]

Usually kids like cheap food. Chicken nuggets, hot dogs, cereal. Obviously you have to work some fruits and veggies in there too but they're cheap also. It can be done.

[@KC-dr3cg]

@@FortuneSeek3rz I question the teaching value and the health issue of feeding children choose food full of preserved ingredients .. for example if no one doesn't have any allergies preventing it eating 18 cashews is equal to eating one hot dog and much healthier because of all of the nutrition in cashews

[@jurisveipe4341]

@@FortuneSeek3rz if they do not know about the nuggets existance, they just don't know. Who introduces them to these shit foods?

[@greatsouthmarketing8897]

Exactly. I wish they’d throw out meal planning more

[@MyLifeInTheDesert]

@@FortuneSeek3rzsadly you’re so right. Processed food is very cheap but is really setting your kids up for failure later on.

[@bmxtwins5685]

dave comes out strong in this one !! de dude on the left was talking pretty good but then dave came in really good, later on dave was super sharp. Really nice one !!

[@king-be7ez]

these videos make me feel better about my little debt

[@penninator1]

Oh thank God Dave said the first budget is really hard! I thought it was me. After surviving through tge 1st month budget I literally wrote across the whole page "UNREALISTIC" and I reconfigured the 2nd month. Being intentional and deliberate with the money is really an eye opener. Thank you Dave and the entire team.

[@3ofus135]

With that many kids, I'm surprised Dave didn't say "sell the kids."

[@MikeNapoli1989]

Me too 😂

[@cjhoward409]

😳😆😂🤣

[@ErichH68]

Send the kids to work.

[@hollystiener16]

They should sell the kids. It is too many for the money they make

[@Cata0110]

😂😂😂😂😂

[@SeanBaker]

Nothing like a self made issue to get me annoyed. Yes, I've made my own issues, also when I was young.

[@jml9550]

As long as you acknowledge the issues, it can be fixed.

[@richthepup]

Couldn’t tell if you were referring to the kids 😂

[@hollystiener16]

Having 5 kids was their downfall

[@douglasfuqua3833]

What he trying to tell you is to change you're spending habits. If you sell youre rental just to bail you out you will go back to to just charge it and you will be right back to where you were! Live within your'e means!

[@Jenda-ld8dj]

Yeah, get rid of the new(er) cars for starters.

[@Mark-qv4bn]

I'm driving a 21 year old truck. It gets around town just as good as any new one does. BTW, nobody cares what you drive. 😮

[@fluffyspunsugar]

Thank you, Mr. Ramsey, for giving folks FPU as a gift.

[@BrianaBudgets]

I’ll never understand people that keep having more kids when they’re already struggling financially.

[@Europa1749]

I can't imagine feeding teenagers at the cost of food today. I had two and they were starving an hour after dinner.

[@paulaqueirosz]

People talk about kids like it's just something that falls off the sky into your home... I don't get how people keep popping them without any plan...

[@queeninkim9733]

You can never prepare enough for kids. Life happens no matter how much you prepare.

[@KC-dr3cg]

@@queeninkim9733 you can however prepare for not having five children

[@jameshernandez6168]

why I only had one and he's an adult now. no way would I have kids now this world is going bezerk and it's expensive especially now

[@shaunwilliams8738]

@@queeninkim9733 yes you can, it’s called condoms and the pill.

[@miketheyunggod2534]

It's up to God, not them.

[@dannyh9010]

It bugs me when people do stupid things financially and then say, “we find ourselves in this situation”. No, you PUT yourselves in this situation. Stop being passive and own it.

[@jenniferleigh1674]

I was finally getting ahead and now my savings is wiped out due to legal issues. Im so sad and scared. I just cant ever get ahead and win.

[@walters24051]

Hang in there.

[@PatriotSteve]

that sucks

[@sohd2283]

Sell the kids, sell the house and sell the wife you should be good for the rest of your life

[@vanessacaltabiano9775]

Funny! & sell the pets😂❤️

[@carojames6776]

@@vanessacaltabiano9775 NO WE KEEPING THE PETS But the WIFE GOT TO GO, PACK A BAG!!!

[@martinmi5]

😆 or he could rent out his wife

[@angel-ij4xv]

they all are doomed

[@cjhoward409]

Maybe she should sell HIM ! My ex husband was my financial problem. 35 years later I’m completely debt free and he owes everybody 😮😅

[@josh124c]

I took on debt to survive And now I'm attacking it with extreme prejudice

[@beckyzwhite]

One year on. How are things now, Josh?

[@uptobatentertainment]

Vids like these make me feel relieved … somehow it doesn’t deter me from wanting a car I can’t pay cash on lol

[@tsmith20098]

I started following dave in 2020 got myself out of 15k of debt rebuilt my saving to over 50k in growing and in still kept my 1k Emergency fund underneath my bed mattress. 😂😂😂

[@SADFORIAN]

I unloaded three duplex rental properties out of panic 20 years ago without reflecting on if I really should. And as was pointed out, I was just buying time without addressing the lifestyle that I needed to change. Sold all three for a combined 240k, clearing about 90k total. Each is still standing and I'm sure worth about a million combined today. Oh well.

[@mikeshaw4610]

The house seems too much for the income.

[@garrettmesser3977]

It is. Move into the paid for rental and sell the one with the mortgage

[@nicholegallo1090]

It’s not if they can afford the mortgage once they budget

[@AieMem67]

I love how Dave Ramsey is a Sensitive , Patient , Consistent Person . This guy chose to have Children in his life that's on him

[@PInk77W1]

$500. A month interest Before a single dollar is paid on the card.

[@jml9550]

Yep. I would just take a equity on the rental with a much lower interest and pay off the CC, then pay the equity off ASAP.

[@travisclark7892]

Borrow money to pay off borrowed money.

[@MustangWriter]

I lived on credit cards during Covid. Also while stuck at home during that time I decided to remodel the kitchen and one bedroom. All on credit cards. After the dust settled I was $50K in debt. Last year (2023) I paid off 25K and so far this year I've already paid off my car and by the end of the year I should have another $15k paid off and then sometime in 2025 I should be completely debt free.Well, that's the plan anyways. It's taken me a bit longer as I'm a widower with 4 girls and sometimes I back slide..

[@AieMem67]

George Kammel is my favorite co-host of the Ramsey Show

[@drlax15m]

I did give myself a raise, I’m ahead of bills, have more monthly cushion, it is amazing

[@patrickchilds5486]

Don’t agree sell the rental. Multiple streams of income is so important…

[@mouwlylee5014]

Papa Dave not smart

[@fhuber7507]

Caller has made himself "house poor" Can't really afford the house payment. $40k in CC debt = $8k + per year in CC interest, just eating at their budget.

[@travisclark7892]

More like 4k+

[@Rambleon444]

5 kids Costco is your friend!

[@bdoubleeb3039]

DO NOT SELL THAT RENTAL!

[@evalina98000]

Gotta fix this and the this is you. Once again, Uncle Dave tells it like it is 😜

[@MassielPG]

Five kids without the finances to support those five lives that he chose to bring into this matrix is very irresponsibly and selfish.

[@summerforever6736]

WHY HAVE 5 KIDS IF YOU CANT AFFORD IT!!!

[@dannyleo4791]

Because he fell for that whole lie called the American dream

[@bovnycccoperalover3579]

Never believed it. I kind of know what it is. It may have been possible for many decades ago but impossible now until you're millionaires and billionaires.

[@miketheyunggod2534]

Ask God.

[@miketheyunggod2534]

Let me guess. Millennial you are.

[@onedaymaid4817]

Why is he gonna sell the extra income ( the rental property ) That is not the problem that is actually a help on bringing more money in.

[@lionel5076]

My ex got me 1,000,000,000 in debt. I just gave up and became a monk in the mountains of asia

[@djpuplex]

This guy rambling drive Dave crazy 🤣

[@ViewinDrew]

When he said Yup, I felt that.

[@ForTheChristians]

Dave at his best in this call

[@Iam_jardow]

Struggling and making 70-90k is wild to me

[@hollystiener16]

They have 5 kids. why have so many when you are not making enough and do not even have the time to devote to them.

[@hlf_coder6272]

Hell I make double that myself and am not living on easy street by any means. And I don't have any kids or debt at all. (75k is actually the median household income in the U.S.) I have the opposite mindset. I don't know how people are getting by making average salary with kids and stuff right now.

[@PersonallyOptimistic]

Great stuff. "Batten down the hatchets" is a great eggcorn though!

[@codelessunlimited7701]

House ownership is a luxury now. It is no longer a homebased of good memories.

[@gregorypaine513]

Crazy JOE IS MAKING LIFE HARD!

[@lfuentes4098]

Yeah, you guys just have to live like your only bringing home half the income. Then you can actually keep the rental. Which in my brain is a better investment than money in the bank. Fix the problem not the symptom. Spot on Dave.

[@OutbackinLasVegas]

43000 eating out! Lol check out what casino their eating out at!

[@keshavr9617]

Lot of this is about FIXING YOU and not fixing debt

[@marton349]

They probably have a lot of stuff they bought on cc that either no longer need or never needed in first place. Sell it all.

[@gracieo6561]

Hey in case you didn’t know..he’s 34 years old.

[@FTYC2022]

I was to trying to figure out why that was worth mentioning so much as well 😄

[@vikthequick]

😂

[@rodriguechamteu5986]

We were $150 in debt last month. Now we are debt-free following Dave’s baby steps

[@evardmuts]

😂

[@iddddaduncan]

34yrs old with 5 kids, Ha!

[@toddprater14]

Fool

[@Hello-iz9hl]

Lol crazy

[@SonPham-hn7rk]

I have to say I wish them the best but having a family of 7 on $92k is very reckless. That not intelligent family planning. Family of 3 on $90k is ok, 7 is outrageous.

[@hollystiener16]

He said $75-80k. and it is outrageous

[@dieterh.9342]

That people like you do not value life is astounding.

[@carolynstewart8465]

He's not listening!

[@sharischmidt4712]

Five kids!!!! Family planning?????

[@TechTusiast]

I think one big problem is, people think they can get happiness out of something like a car. "I worked hard, so I deserve..." ??? A debt after buying a car the manufacturer purposely build to break down and charges ridiculous amounts from spare parts that cost a nickel to produce? Is that what you "deserve" because you worked hard or maybe something that actually improves your life and not make it even more expensive? Same thing with houses. If where you live, you can assume that your property will increase in value more than you pay interest and other payments involved, including maintaining said property, great! If not... yeah... think about it. But the one thing I can NOT understand is: Why do people buy regular "stuff" with credit? I don't recommend using credit for a car, but I get it might sometimes be ok, if you can pay it in reasonable time and car is practical and useful. House, especially if it is likely to increase in value, sure, if you can economically survive surprises. But spending lend money on "stuff" like, TV? Stereo? Computer? Smart phone? Bed? Holiday? Clothes? Jewelry? A person doing this kind of spending is not "bad with money", this person is a certified, bonified idiot.

[@robertdepesci3418]

I paid off the same amount. Lits of overtime

[@stephaniegarcia-ty5my]

I would not sell a paid off house. Ever. Do the hard work!

[@crb4059]

When will the govt go on a proverbial "rice and beans" diet and start whittling away our $30 trillion debt?

[@VintageStereoCollector]

This is scary for real not making a lot of money less than hundred a year still owed money for the house the cars 5 kids credit cards etc etc.The life style is very scary eating out a lot throwing a way a lot of money like Dave Ramsey said your house is wild.Big debts Will Get you in big big trouble

[@nicodimus2222]

5 kids? And each one costs what, $300K to raise to 18? Ugh. They have set themselves up for a rough time.

[@toddprater14]

This isn’t the 1950’s. Having*5/6 kids nowadays is suicide ….

[@Navak_]

My guy bought a $312k house for only $12k down and it's already gained $40k in equity? dude why is owning a house just free money wtf

[@Navak_]

As someone who lives far below my means, has never been in debt, and has a lot of savings, when I listen to these people I feel poor by comparison. At least this guy has a house.

[@CurtMortis]

34 with five kids

[@ibnfaqir9223]

No one told you to have 5 kids. No matter how much you make you would be hemorrhaging money every month.

[@PInk77W1]

There’s a video on KZbin where a couple has 14 kids and no debt at all. Very frugal people

[@MsSimpleMovies]

I expect a more wide-angled viewpoint from someone named "Ibn Faqir."

[@wandahaines7143]

Sell the big house, move into your rental. Your kids will do just fine sharing rooms and a bathroom.

[@Fastxfords99]

Live small, save big, invest smart, retire comfortably.... easy peasy.

[@elivarney7148]

Sell the rental property that is pretty much paying a mortgage…? How about just cleaning up little stuff with spending and pay the cards off.

[@garrenshot]

How come they have a rental and they only make 85k?

[@Damon-qt3fw]

Cash flow on rentals isn't all that much if at all. Sometimes a rental is purely an equity move.

[@darinherrick9224]

It's wild to me every time hearing rich people who are out of control with their spending. Hundreds of thousands of dollars in property and not on a budget. I'm dead broke no emergency fund (spent it all on medical bills) practically living paycheck to paycheck and in my tiny apartment I'm on a budget.

[@tiffanyroberts5993]

Depending on where a person lives - He’s not rich and especially so with five little kids to take care of.

[@angelachanelhuang1651]

americans are being SCAMMED

[@chrisgast]

Why are they going down in income?

[@esonon5210]

he probably owns his own business or works in commission sales

[@megalodon1726]

The pandemic.

[@joimumu]

Rule of thumb the moment you know you are experiencing a baby you start saving 1/3 of your for that baby while she is pregnant because when the baby is 3 months old that money will be gone

[@hollystiener16]

Yes and then you do not have 5 more

[@Richwaytools]

-Fauci, Math! Love it

[@ChrisCardenDrums]

Yeah, he doesnt need to mess around with being a landlord right now. Way too much other stuff going on and he doesnt even have his primary mortgage paid off. If anything, take that 200k, pay off the credit cards, any other debt, put 50k in the bank, thats a solid emergency fund, and the rest in 5 529's and 2 roth IRA's that youll max out every year. (That would get them to their 15 percent) The mortgage on their primary isn't the problem, its that they dont have a clear path to walk. I cant imagine having 5 kids, just, my god...

[@cjhoward409]

Great googley moogley ! $46,000 in credit cards ?? The most we ever owed was $7,000 and that was stressing me out and we paid it off ! Worked second jobs, stopped eating out etc !

[@MyLifeInTheDesert]

Should I cut out tithing to the church during the baby steps

[@Ink30]

Till step 3

[@75Sadielady]

Gods first 10%

[@johnmitchell2741]

you moved to the baby steps that's an understatement

[@gggg-ms7vu]

For more Insights and private mentorship on investment and earning write me on the above number ☝️☝️☝️

[@carojames6776]

The pair of them are reckless with their finances.

[@edgar22452]

Exactly!

[@Jenda-ld8dj]

Their marriage is starting to suffer as well.

[@TheComp_Troller]

Sell three kids

[@Love2Banime]

Loan debt is draining.

[@summerforever6736]

HAVE 3 MORE KIDS!!!!!!!!!!!1

[@overyonderways]

I was 20,000 in credit card dept no more.

[@Essays4College]

Nobody has any equity anymore!

[@Cj-lb4up]

80k is not a lot to support a family of 7, cmon guys

[@estefaniapena1533]

His house is too expensive for their income

[@PatriotSteve]

I disagree. Their mortgage payment is less than rent.

[@hollystiener16]

5 kids is too expensive for their income