I'm Afraid To Use My Savings To Pay Off Debt

[@Je.rone_]

*sometimes when you use a large chuck of your cash to pay off debt you feel poorer cause you have less money, but your not... trust me your not. I paid of roughly $7,000 of debt in 2019 and it is great* 💪🌚

[@llallogen7380]

Good job!

[@Je.rone_]

@@llallogen7380 thnks i appreciate it 💪😀

[@SOSIDITTYBABY]

That’s so awesome 👏🏾 i’ll be debt-free in two years

[@mrbemystar]

Weight is OFF your shoulders. You cannot get rich if in debt. You have a clean slate.

[@thetruth5635]

Excellent

[@Nathan_Banuelos]

Dave just helped my girlfriend pay off 25 k of student loans in 2 years! This guy is the best for helping folks out.

[@josephliptak3183]

He is a great motivator

[@s.peterson2833]

After a lot of researches and because of the good reviews, I have chosen this web site. They sell the best tradelines, special thanks to Mark from CreditPatchup. com. I have friends and family who are also interested in tradelines and this company is my choice to recommend, they definitely have my vote.

[@Cwho9ss]

She pay you back yet?

[@Yaboi007]

Joseph Liptak oh man sorry for your loss

[@morganadams4238]

Dave Ramsey would say this is stupid, i however wouldn't. If you don't except anything back from her then good for you!

[@1985mgraber]

After my divorce, I had about 12 grand in outstanding debt, old credit cards that stopped getting paid, dish network, among other things. I paid all that off in about 3 months, paid it off just before Christmas. Now all I have left is 10 grand on my car, which I am current on. This was the first step of rebuilding my life. Thanks Dave.

[@YouTubeUzername]

Good job!

[@1985mgraber]

@@KZbinUzername thank you sir

[@1985mgraber]

@Sir We Are About to Die lost my house, all contents, and got to take all the credit card debt with me. Moved into a rental place without even a couch to sit on. No dishes. Nothing.

[@johnnbonneau4833]

My experience with [creditpatchup.com] has surpassed my expectations specially as a small business owner, I feel like this has been one of my best investments. The team at Credit Patchup is friendly, knowledgeable and respectful so thanks! I will encourage others that are seeking help boosting their FICO and clearing debts in a fast and safe manner.

[@anancientman5532]

@@1985mgraber please dont get married again the red pill will save you from this

[@factscine8617]

I worked 3 jobs while in undergrad. It took me 6 years to finish but I graduated debt free

[@fleurelise997]

Agreed. Rockstar material ⚡

[@marisolgavina8101]

Wow! Congrats!

[@phyllisb-chronicles3358]

Well done you are a hero

[@zacharycompton5624]

Working on the same, luckily I was blessed to find a high paying job in healthcare that doesn't require any education or experience. I should be debt free in a year and then another year to finish my degree taking around 5yrs total.

[@lulap.8667]

Wow! Congrats!!!🎉🍾

[@Semiam1]

I like the way Dave gets to the emotional side of this argument. It’s the strength of determination and will to do it.

[@steve03260]

Just had the AC go out and the plumbing ..... emergency fund helped keep me from a hard situation getting worse. Thank you Dave Ramsey!

[@BagsNBaguettes_327]

They spent 40k in credit cards and couldn’t replace their AC unit?!? 🤔 I wonder how much shopping they did trying to keep up with the joneses...

[@blueboat9581]

It's a real problem in our culture. Consumerism

[@peartfaldo]

jonses? oh...you mean the broke family down the street that you dont even know;-)

[@jwamue]

wow!! salute to you. Most people get offended about that statement (keeping up with the joneses) but it speaks volumes..

[@doobiewilson]

$6500 credit card debt paid in 3 months because we were angry at the interest we had already paid! 2 more to go!!!

[@mac1bc]

Good for you. Use that motivation to keep going.

[@craigsmith6446]

That helped me, getting angry. When you realize how much they are making off you!

[@sjaykay9884]

Same! Took a chunk of my savings and just killed it. Felt I could never get ahead and the interest was killing me. I can now put back what I saved and more since the debt is gone. Had to get over that fear of feeling like I wasn’t keeping enough cash liquid and just obliterate it.

[@mac1bc]

@@sjaykay9884 good job. It's a good feeling to get rid of outstanding debt!

[@sjaykay9884]

mac1bc it does! Thank you for the encouragement!

[@cato451]

Debt is evil. Eliminate debt immediately.

[@coltonsimmons6689]

Vivid. When is it ever good to owe someone money?

[@mrcuboid]

VividSZN yup. You can leverage debt to gain more. Most consumer debt is evil but business debt can help if you play it right

[@armandol1826]

@@mrcuboid I have seen business debt swallow people. Exactly 12 years ago in 2008 for instance

[@JaniceHylton]

Yes!!!! Evil!!!

[@mrcuboid]

Hugo Lizardi yup. That’s the risk. If you don’t welcome a little risk you’ll never succeed. Playing it safe never gets you far. Some of those ppl you mentioned bounced back from 2008’s crash and those who snapped up property (using debt may I add) are reaping the rewards today.

[@JT-lq4yd]

I don't even want to know what the interest on that 40K CC debt is.

[@therecoveringsaver9097]

Minimum 15 percent. Possibility 25 percent. Absolutely mind-blowing

[@ShakespeareCafe]

Don’t go to a restaurant unless you work there Sage Advice

[@Kre8iviT27]

$40,000 of credit card debt? Sheesh!

[@DamonLeeK]

If you are being charged at 10% for your debt, and your savings are giving you 3%.... You pay off the debt.

[@MBarberfan4life]

True. Lol

[@DamonLeeK]

@@exceldetail Or people who think they are doing well financially because they have a nice car!

[@MBarberfan4life]

@@DamonLeeK, yup. I'm never buying a new car. I don't even really like cars that much.

[@noahmcdaniel4920]

Thank you glad someone said this. However... if your debt is charged at 5%, and you can invest your savings for a higher interest rate... don’t pay off your debt? I feel like Dave would never give that advice, but if you’ve got mountains of student loans at a low interest rate but have tens of thousands saved... you’re probably much better off investing than paying off debt with your savings.

[@RKmndo]

@@noahmcdaniel4920 Right now you're probably best off working on a full emergency fund and ensuring that multiple income sources are solid. The economy and markets are volatile. If your e-fund and income are solid, I'd consider doing both loan payment and investing. If your debt rates can go up, I'd put more money towards paying them off ASAP. Rates aren't likely to get much lower. Investing early in life is also a good idea. If your employer matches a 401K, get at least the full match. It's an automatic 100% gain on your pre-tax contribution at that point in time. Putting in double their match is auto 50% gain. Triple their match is auto 33% gain. Quadruple their match is auto 25% gain. Pentuple their match is auto 20% gain. Put that money into a fund that typically makes good gains. Some people lose out by not putting their contributions to work. Live frugally, grow your income, and pay off your unsecured debt, especially high/variable interest debt on things that are not appreciating/cashflowing assets. Depreciating liabilities and high-interest debt are bad.

[@lacigalvanssleepmeditation8160]

I feel annoyed at people, they keep asking the same questions just in different ways. No wonder Dave yells, he’s repeating himself constantly. The idea is always this; don’t spend what you don’t have and pay your debt off!

[@fleurelise997]

Depending on the debt, you should use your savings to pay off the debt, then pay yourself back with interest at the rate you would have paid the bank. Two benefits, you're debt free and working on a repayment plan that makes you richer.

[@JohnnyB21401]

Done the grind.... no restaurants, no vacations, no new clothes etc etc. it worked. Got through it only debt now is my mortgage. He’s right it’s not just the numbers and math part of it .......it’s the sleeping part. I sleep so much better now.

[@dragonofparadise]

Only a $2,000 car loan left, so close now. :)

[@relaxingnaturesounds9675]

Awesome. Love having a paid off car!

[@kitsontuli2713]

Awesome, just paid mine off today✌🏽🎉. Great feeling!

[@pedromata133]

I have 10k left almost there 👍

[@GeorgeSawtooth]

You better sell it and buy one out right.

[@Misstresbelle]

My boyfriend works for an HVAC company any let me tell you...the profit they make is INSANE. Those units are like 2k and they charge 15-20k for new installations. Find an independent person not a company if you wanna save money

[@404TRUCKERTV]

I agree Dave, get a couple of window units and get out of debt. Its a spiritual commitment.

[@sarahann530]

whats is a spirit can you show us what you mean exactly ?

[@orphanedhanyou]

@@sarahann530 Usually you see spirit manifest in people's actions. It's clear who have spirit and who don't.

[@johannareynolds1854]

@@sarahann530 nonphysical part of a person that is the seat of emotions. Someone’s drive/mood/intuition. Etc. look it up. Spiritual = led by spirit.

[@sarahann530]

@@johannareynolds1854 We can measure the hormones that create emotions . How do we find this spirit you speak of?

[@anthonybrown2352]

You'll get there​@@sarahann530

[@noemihinojosa2273]

Makes me think that people are just not willing to struggle to be debt free. Live within your means and live stress free. That’s a lot of credit card debt.

[@GenExDividendInvestor]

I really appreciate Dave's advice on being all in/desperate to get out of debt. So awesome.

[@kleindropper]

My AC lost its charge 2 years ago and started icing up. The guy filled it up but said I had a leak in the coil and that it would be cheaper to buy a new Furnace/AC. It's been two hot summers later and it still works like a champ.

[@noneofyourbusiness8702]

I took the plunge and just paid off my car loan of 19k in FULL. Praise God I got rid of that weight. I will say that it's scary because my cash cushion has now shrunk but I no longer need to pay the car payment + interest each month...I will regain the financial cushion and now without a car loan that wasn't due to expire until 2026.

[@ajamusic7322]

I loved seeing those payments disappear and seeing our monthly income freed up more and more, to go towards the things that really matter and give us peace of mind!

[@mariafriend644]

Agreed! Until I finally got rid of my CC debt, I lived paycheck to paycheck. Now that I have a little breathing room, I get it. Now, every time I get paid all I want to do is payoff the rest of my debt.

[@KudaFamily]

Her: We have $70k in debt Me: What!!!!! Her: We have $30k in student loans... Me: Oh well that makes sense Her: And $40k in credit cards.. Me: 💀

[@aolvaar8792]

As per the US Environmental Protection Agency, manufacturing or importing R22 refrigerant will become illegal in the United States on January 1, 2020. An 8 pound charge at $200/lb = $1600, It might be $300/lb this morning, maybe $400/lb tomorrow. New A/C use R-410A at $6/lb

[@billgateskilledmyuncle23]

A 250 dollar motor was most likely either the blower in the house or the condenser fan outside. Replacing them is normal. That's like replacing your car because the battery went out. Now that motor will probably go another 7 to 10 years. I would rather spend 250 on the HVAC every few months than drop 7000 or more into a new one.

[@ChristopherInTexas]

Go to a different place and replace the 17 year old unit. It's hot and humid in Texas. 15 years is a good run for the AC. Out the remainder towards debt.

[@rollingacresfarmstead206]

Just paid off a 17k chunk on our house, also just saved 11000 in intrest and cut 1 year and 7 months off.

[@donnafontaine2799]

Good avise So IF I can put down a big chunk say 10k into mortgage it saves interest gradually and that does lower the life of the loan.. why didn't I get learn this years ago

[@Joe-jc5ol]

They are not "your savings" if they are a lawsuit away from being claimed by your creditor.

[@musiicfreakk93]

I got $2700 left on the car loan, $290 left on my phone, and less than 5k on credit cards. Very ready to be mostly debt free

[@NeoAndersonReloaded]

They have to be focused before using the 10k. If not be dave " ish". 40k in cc interest is crazy. Hundreds a month. They probably out 6-7 hundred a month in interest.

[@JamesJamersonIsAGod]

Exactly! That's bananas! Why are they worried about a "what-if" problem with an HVAC unit when they are likely paying 20% APR on $40k! Even if its super likely to happen in the next few years whats the worst thing they have to do? Put a few thousand back on a credit card when it does happen? Assuming it was originally going to take a few years to pay off that $10k in CC debt, if they just avoid an HVAC issue for a year that's close to $2k in interest payments avoided. They need to light a fire under their rears and get moooovvving scraping every penny.

[@Lourd-Bab]

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

[@caseycantrell-gh6fg]

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

[@Lourd-Bab]

@@caseycantrell-gh6fg However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

[@caseycantrell-gh6fg]

@@Lourd-Bab Oh please I’d love that. Thanks!

[@Lourd-Bab]

@@caseycantrell-gh6fg Clementina Abate Russo is her name

[@Lourd-Bab]

Lookup with her name on the webpage.

[@tomj4506]

Easy fix Buy a 5000 BTU window AC & put it in the bedroom. A cool retreat for $200. In winter get a sweater & extra blankets. LFOD !

[@elitefitness341]

I knew that didn't sound right immediately lol. $4500 x 12 is $54,000 annually.

[@mq1991]

Yeah I have no idea where he pulls the numbers from sometimes. Lol I make that much and would LOVE to see 70k at the end of the year. Haha

[@icypenguin100]

Taxes...

[@delarosae]

icypenguin100 16k in taxes??!!!

[@laughlikecharlie9040]

She said take home monthly was $4500.. meaning after tax. Dave said her gross income yearly (before tax)

[@laughlikecharlie9040]

I pay over 20k in taxes.. single, no kids, over 100k

[@insideoutsideupsidedown2218]

Being in the industry, you can fix your own home a/c system. Most stuff that goes out is electrical parts, which can be bought on amazon. Outdoor fan motor will run you $160, change it yourself. Same with the start/run capacitor. Look this stuff up on youtube people. The only thing you would need to call a tech out on is if the unit has a leak or the compressor goes out. The rest you can do yourself with a little research. You will save a lot of money.

[@ryannguyen916]

I make $80k/ yr and felt bad with only $4K debt... how would someone end up with $40,000 credit cards...

[@laughlikecharlie9040]

You need yo sell out, Karen

On step 6 myself I can somewhat relate cuz I can write a check today to pay off the house but I'd rather have a beefy savings

[@nekto34]

Forty. Thousand. Dollars. In credit cards. What a start to the new year.

[@maremacd]

I financed a 2016 Toyota Corolla in February for around $15k. I owe $10k on it and have around $9k in savings. No other debt, but trying to get my emergency fund to $12k before tackling the loan. I know Dave would say keep $1k and pay off the car, but if I can pay off the car within the next year and a half AND have $12k in savings...that seems like the better option to me.

[@zolozek3327]

I agree with you 💯 at least 10,000$ in the emergency fund it's reasonable before tackling the debt 👍

[@r3d_ti3_guy]

Dave’s program teaches discipline. Sounds like you already are. Don’t worry about it. Your method works also.

[@googleuser8660]

Try to get a 3 to 6 month emergency fund after you pay off the car. Dont stop funding your retirement or investing to do it. Just put some in it when you can. Make a separate place for it where you wont touch it. Dont touch it unless something BAD BAD happens. It will be there if you switch jobs and insurance doesn't start for 3 months, or you move out of state for a better job. It might take you several years to do this. In the end it gives you security. One day you might make it a years worth of expenses when your married have a family. Just think about. It's only a suggestion.

[@callmeishmaelk767]

I like where you head is at Dave. You got another subscriber. Ive been doing your method on my own by default. The plan works!

[@mdooms76]

I would never take a large sum of savings to drop on debt unless I had the income to replace it quickly. Debt can be paid off over time and unless it is killing you with the minimum payments or whatever is due, I would say to pay large sums towards the debt and pay it off way quicker. I lost my job and needed my savings account to live on. Had I tried to drop all of that money on a bill, I would have been broke. Bills don't care about you when you're down with no money.

[@kingbran923]

That’s the idea, if you don’t have the income Dave has said to pile up cash into savings to help until you do. If you do have income, then using the savings on debt helps get you jumpstarted

[@DisabilityExams]

17 year old HVAC unit is past its expected lifespan. Time to replace.

[@404TRUCKERTV]

nooo, you're missing the point. get a couple of window units for $100 and get out of debt!

[@krecikowi]

Replace when DEAD.

[@tkdcow9911]

@@krecikowi And get ready to settle for the first company to replace in the most inconvenient time? Better to do your homework in advance and find the best company in terms of pricing and satisfactory work.

[@billgateskilledmyuncle23]

With the right connections you can keep them going. My mom had an old late 80s or early 90s unit and her brother who installed them, but wasn't going to push her into a new unit, would be able to find compressors and what-not even as the model became out-dated. Problem is, is the hvac guy trying to land a larger commission?

[@tkdcow9911]

@@billgateskilledmyuncle23 Yes however, older parts are still going to be harder to get in relation to newer ones, which makes them more expensive to acquire, and to purchase. This is not even with HVAC, but automobiles, planes, home appliances etc. The intended operating parameters is 15 years.

[@pacluv]

You need to get off of the credit card merry go round. Pay off your bills and stop using them. Live within your means.

[@MikaelaSimone]

Sometimes i dont understand why people cant make their own decisions. i would get a new unit, they have to far to go to payoff the debt vs the unit going out prior to the debt being paid.

[@dwaynewhite2744]

Exactly, just get a new one and be done with it they've already spent $ maintaining the problem, just do it correctly, once it's done chances are its done, sometymes we over think, trying to go around the problem, but the simplest decision is just to go straight through

[@xxZerosumxx]

I dont know how big their house is. But i paid 7k for a new AC system to cool down a 2k sqft home. That would leave them 3k to use for other debts

[@orphanedhanyou]

Or just buy a cheap window unit and deal with it and get out of debt.

[@orphanedhanyou]

@@dwaynewhite2744 straight through....to debt?

[@jutde]

Is air conditioning even a necessity? Doesn't your house have a basement? I got quoted $1200+ to FIX my 12 year old central air system because it uses R22. I spent $200 on a renovating my basement to make it a comfortable place to spend the hottest hours of the day, and now I'm saving money on the electric bill too.

[@anthonymarquez6493]

I have $4500 saved up I was going to use it for a down payment for a house but I need to lower my debt first I was thinking of putting it towards my debts and working overtime to pay them off quicker. Or maybe just working overtime and save it to move to a different place.

[@shoujobarton7692]

what did you end up doing?

[@anthonymarquez6493]

@@shoujobarton7692 so B smacked into my car and totaled it. It set my plans back but I intend to buy a house with my family

[@CuttingEdge49]

Most Electric and Gas companies offer interest free loans to upgrade and replace outdated equipment. Do it.

[@hollyb6885]

Hmmmmm I did not know that. Thx for the info!

[@Middle850]

Most people understand this call. I was scared to click the button and pay off my $15k in student loans. I did it though and it was the best thing I could have done! I am debt free except my house, I refi to a 15 year and have been paying extra on it. I drive a 2001 Silverado with almost 300k miles. It’s not bad but not great. I take care of it and it’s been a good vehicle to me. Stay the path and keep grinding! It will pay off!

[@teesellz7692]

The kids going to think they're getting sold next Dave don't play 😂🙈🙉🤭

[@ciel222]

IAM DEFINITELY NOT in this person situation , the fact that I have no debts , I have emergency saving and retirement money and I am 36 years old. So I can't imagine everyday you wake up and be thinking about this amount of debts , I hope the caller will take Dave advice , and FOCUS on eliminate this debt , and FOCUS on build up SAVING. I wish the caller ALL THE BEST

[@torontoBluejays87]

I have zero debt and a fully stocked emergency fund and I sleep like a baby. Especially with my new mattress I paid cash for. There is hope people. And I don’t have a crazy high income job in the six figures. I make $90k

[@Brian-rs4ug]

Well said. “When you get unreasonable you get unreasonable results.”

[@callmeishmaelk767]

Get some cheap window units as backup. They work great. Better yet if you are one at a yard sale for $30, buy it.

[@dwaynewhite2744]

You have to wager your your current situation, for this situation she is going to be in debt regardless, it's more important to have a follow through she could put half or a forth down against the debt, put a little up for unseen situations, and construct a budget, how and when the debt should be paid off

[@chrismitchell559]

Appliance insurance is like $90/month... $75 deductibles... If they cant fix your problem in 3 attempts they will normally replace the unit.

[@kingbran923]

A monthly payment for months maybe years waiting for a problem to happen when you could just have the money saved up ready for when a problem arises.

[@Arthur_Hastings]

I’m afraid to drink more water because I’ll lose it and get thirsty when I need it

[@easttnlawncare6740]

U r the man dave Ramsey u have helped me out so much thank u

[@MexaDeSentimiento]

Freedom is priceless.

[@freechoice4646]

You see the cash leave but the money you save in interest there's no reason not to pay debt off as fast as you can..

[@callmeishmaelk767]

I have four window units in my house. If one of them craps out I know exactly how much the repair bill, $179 at walmart. Central air sucks. In the meantime I have five spare units out in the shed, so potentially that repair bill could be zero and just 30 minutes of time switching out a window unit and sealing it up again.

[@millielopez10]

Call a different air conditioning company they may work a better deal like giving you a credit for the old unit.

[@liveyourbestlife143]

Our new years resolution this year is to be debt free before new years eve 2020/2021.

[@justinacase2623]

You can do it! It is a awesome feeling.when you have money saved up ,it's hard to let go of it.

[@davebryant2590]

Just checking in to keep u accountable. On track?? I’m binge watching these eps and setting some goals right now

[@the9-5ranter]

How’s it going? Black Friday coming up and so is Christmas. Are you staying on track??

[@nkaiseng4698]

It's 2021...update

[@waxbruh5965]

If Dave screams like that while I’m driving again I’ll be out of this car payment one way or another lol

[@mattenderle1766]

Makes you feel uneasy. You’re all in baby. Go for it! You got it!

[@SqlwithAJ]

Im starting to learn that married folks get insane amounts of debt. Im in mid 600s and couldnt get a 1000 cc. Although i no longer have the desire to do so any more

[@Simon-je7ko]

40.000,00 dollars in credit cards! Wow! That's morronic! You do compounding in reverse. If the same amount was in the stock market. Now you would have money. Why do you give so much money to credit cards companies? To buy better buildings or headquarters???

[@Mirelatr]

Why are you so judgmental?

[@xonerate_5011]

@@Mirelatr because people are stupid

[@pofy100]

im in a similar position.... i want to pay off my car which right now is at $13k, i would be refinancing it to lower the interest rate and i have about $9k saved up.... i have student loans but im still going to school so no point in paying it off when the amount will continue to increase. i like having an emergency fund so i thought of paying a good less than half on my car and still have a good amount left..

[@andrebrown2695]

I understand Dave's logic when it comes to paying off debt and having the burden off your shoulders. But not having cash and something happening (like the AC) is more of a burden. $1000 emergency fund is not enough!!

[@brianafranklin8164]

Andre Brown I completely agree. I’m going to start the avalanche method while simultaneously saving. I’m on my own and if something happens I need way more than $1,000 in my account because when it rains it pours.

[@mariohall2631]

I totally agree. $1000 is not enough especially if it's going to take 2 years or more to pay off debt. I need at least 3 months expenses saved.

[@kingbran923]

If it’s going to take over two years to pay off debt you might need a better income, a savings account will only do so much if you don’t have a good enough incomr

[@Thetatraderz]

This was a informative call that I see a lot of people have issues with.

[@blixx87]

I had the same question for my self, but instead of using my savings I just found more ways to make money, now my savings doesn’t have to be touched

[@Thetatraderz]

@@blixx87 I would agree this is a better idea. We are trying to cash flow my wife's college so we don't have any student loans, I plan on working more to offset the cost.

[@Thetatraderz]

@Victor Valdez life is tough sometimes, just keep working the plan.

[@cisium1184]

It's what my Dad calls, "getting angry."

[@mariafriend644]

Dave is a great teacher. He always patiently explains, over and over again. He realizes the conditioning and the mistaken ideas that we have been taught. Thank you Dave, I hope to one day meet you when I do my Debt-free scream.

[@PrincessOTFH]

I never understood how people can be so deep in credit card debt. My limit is only $1,000.

[@seventhchild7270]

THINGS HAPPENS IN LIFE!.....DIVORCE, UNPLANNED PREGNANCY, MAJOR REPAIRS, ILLNESS, ABUSE, LAYOFFS/FIRED, ETC......I DOWNSIZED MY LIFE...CAR PAID, DEBT FREE....I NEVER AGAIN WILL DO LOANS, CREDIT CARDS.....I DO NOT LEND OR BORROW MONEY....LIVE A NICE, FRUGAL, SIMPLE, PEACEFUL, LIFE!....

[@Sexy40baby1]

That's cause they didn't set a limit for themselves. Plus they think its good to not repay people what you agreed to.

[@daisycakes4]

When I was working on my masters I had to take student loans out and was getting no help financially. I was making 13K a year at my job 4 years ago. The only way I saw to survive was to live off my credit cards. Now I’m 21k in with my ccs and 24k with my student loan (was 31k 3 years ago). Circumstances happen.

[@Sexy40baby1]

@@daisycakes4 if the credit cards were not in existence, what would you have done to be able to survive?

[@thehappycamper6789]

Breanna Burress Without asking for any increases in my limit , my credit card has a $25K limit! I’ve had the card for about 40 years. I don’t think banks should increase it if it’s not requested. For some folks it’s too tempting. I pay my card in full most of the time , except for a few times when I made large purchases , then I paid it off in 3 months. My credit score averages 845. I’m aiming for 850!

[@ariefraiser140]

Most credit cards have an interest rate of 16-17% and that's for those with good credit! If the caller takes 3 years to pay off her $40,000 crdit card balance, which is pretty good for such a hefty balance and considering her household income, she would have spent $10,500 in interest payments. So even at a decent payment rate she in the end would still end up losing that $10,000 after 3 years. I would try and knock out those credit card debt as soon as possible. That's the true killer in her budget. I would also look for a way to transfer the balance to a lower rate credit card if possible so the interest doesn't kill me.

[@nicksmith8166]

How the heck does ANYONE have $40K worth of credit card debt!? Jesus.

[@bigbeatyswollocks4859]

I'm so looking forward to the year 2021

[@messimessi2744]

Just pray and bills will be paid off David said

[@keyroncampbell]

A blower motor cost $100 and all the parts on a unit can be replaced....

[@mnola4742]

What if she would have never gotten that settlement? What would she have done? She should Pretend she never got it and bring down the debt and proceed as normal 🤷🏻‍♀️

[@gaming_with_rex4031]

How does $4,500 a month = $70k a year?

[@kingbran923]

70K is probably the gross pay, it’s not that crazy. We really don’t know their tax situation so you can’t know for sure, but it’s probably a good assumption.

[@kofighand]

Happy new year 🎆 everyone

[@esmeralda73]

Happy New year ✨✨

[@askhowiknow5527]

If I owe $1000 on credit cards and I have $1000 in savings it’s like I borrowed $1000 on a credit card to put in savings. Why does this make sense to anyone? A kindergartener could tell me the problem with that reasoning.

[@mannyjeanpierre4062]

@John Lester thats exactly what it is. Its like those folk who dont want to sell a car they're upside down on. Selling it shows them how dumb of a decision it is. People dont feel the pain until its time to actually pay it back and lose the money they have.

[@harrisonwintergreen1147]

Lots of people are kinda dumb

[@MsJoyce31202]

Keep the savings account. Use a portion of the 10,000 for the furnace and the debt.

[@victoriagale4090]

I’m sure I’ve heard her voice more than once on this show .

[@uriel-heavensguardian8949]

Thanks for the awesome videos.

[@AStanton1966]

This is why you play with chips and not money at a casino. You don't see the value or remember the work or sacrifice for that money.

[@unnamedchannel1237]

AC unit is a luxury open a window .

[@alexgoudkov4109]

A buddy of mine listened to his advice on his next car purchase. Instead of lease like he has been doing his entire life decided to purchase a used car with a 10k loan. Well problem after problem and then it got hit (not his fault) and now its nearly worthless but yet he owes 10k on it. Dave is ok for people who can't manage finances.

[@kingbran923]

Dave has never told anyone to borrow money. If your friend was actually following Dave’s advice, he would have paid for the car with cash, then he wouldn’t owe anyone and the insurance payout would be his to keep for another vehicle.

[@edwardmontalvo3751]

How do you let yourself run up a balance of 40k on a card...

[@CreativeMonsterx]

This makes so much sense.

[@lison973]

I’m currently on step 6. But when I was fighting to get out of debt, it was the fight of my life. The need for AC in the summer was a luxury unless your health is at risk. Buy a couple of $10 fans and keep it moving. You’ve got to be desperate to win! You remember the pain of the fight once you’re out and you never want to go back. Never called in for my debt scream! THANKS DAVE!

[@ChristopherInTexas]

Wrong. In Texas it's a necessity sure to the humidity and heat

[@Mack.of.all.trades]

Dont buy the unit. I would rather pay $250-500 a year on replacement parts rather than drop $7,000. Who knows, it might run strong for a couple more years on minimal replacements needed.

[@tinas2857]

It’s better to buy a new unit than pat hundreds to ‘fix’ it. Up front, it’s a lot, but a new unit will ‘repay’ itself over time.

[@waterenglish9501]

These callers cant get to the point

[@Pasha350z]

Will she follow Dave’s advice?

[@smithersrob]

Unless you live above the arctic circle no one ever died because their HVAC system was out. What a perfect way to be slightly uncomfortable and motivate you to get out of debt asap.

[@dermlover1]

i want to open an roth IRA. Any recommendations on which one i should get?

[@anthonyquinn5927]

Why do both people in the relationship call?

[@CaseyBurnsInvesting]

Murphy just moved in and broke my fridge (water won’t come out). Trying to fix it myself but, pray for me y’all 😓 Any tips appreciated 👇🏾

[@CaseyBurnsInvesting]

PoopCoin Patrick Yeah, I’ll probably end up doing that. Wanted to invest in Boeing stock on the dip. 😓

[@MrTmenzo]

Eddie Murphy?

[@CaseyBurnsInvesting]

the doge He’s not making waffles 😭

[@justinacase2623]

Clogged filter

[@justinacase2623]

Always use a water filter on a ice maker, minerals in water will destroy it

[@DanielGarcia-zz9eg]

Just gotta do it. Its Worse getting charged interest each month

[@cynthiamorgan3377]

Hello Daniel Garcia , Email gina@creditmasterixllc,com she would help you clear your debts. or you can text her directly on 6788098488