I'm Working Overtime But Still Not Getting Ahead Financially

[@surplusdivision2461]

Why does every caller make $120,000 a year?

[@shondathomas7825]

Right! It does seem like that

[@JM-fo1te]

Perhaps marketing - screening out poorer people so as to not make Ramsey look small time.

[@sammymatias1431]

Surplus Division cost of living in the area. And their job choices.

[@fake4sian413]

There's nothing he can say that would help someone who clearly doesn't make enough money, doesn't have any exit opportunity and doesn't have ressources to leverage. He's not going to make a fool out of himself

[@brownbear1657]

This lady called in one and said she made 25K

[@jcrowley1985]

I budget based on my base pay. over time is extra saving money

[@InvestingHustler]

If you’re not making enough financially you are going to have to start building another stream of income. And instead of spending all that extra money invest it !

[@bradvincet1848]

Getting out of California would be a pay raise without asking for one.

[@PInk77W1]

The pay in calif is higher

[@orgendoner]

Eric 😂

[@RhinoXpress]

jobs in expensive cities adjust to the high cost of living. So if he made 120k in LA he'll probably make a lot less anywhere else out of California. If he moved to say Alabama doing the same job he'll maybe only make 60 or 70k per year instead.

[@MP-nj1qy]

That’s hilarious and stupidly simple.😂😂😅🤣

[@tharpeaddy]

Then start all the way over. It’s not that simple.

[@righand]

I never understood why some people can’t budget in their head. In my opinion a written budget gives you an excuse to spend what is left over. The key to saving is not spending. Simple as that. And when you have to spend, be a cheapskate.

[@ransom182]

C Leh this always goes back to the free spirit types vs more logical thinking types. Many people just don’t think in concrete terms, they have vague ideas about their finances in their head and just wing it. It’s just how they’re wired and need guidance and training to think about their money in a different way.

[@cynthiawaldorf9353]

no it does give you an excuse to spend whats left over because "SAVING" now becomes part of your budget, rather then then just saying oh wow i have all this free left over money to do WHATEVER with. A budget at least holds you accountable for how you spend your money...

[@cynthiawaldorf9353]

please read my response to you below. tyvm

[@cynthiawaldorf9353]

sorry/ all this was in response to C leh

[@gargoyles9999]

C Leh because keeping all those numbers in ones head is impossible to do with any real accuracy. Keep all those purchases in all those categories in a running tally for 30 days straight and see how accurate the numbers are. If your average lifestyle is already below what you make you'll be fine only because it happened to work out. As a species we are terrible guessers and grossly inflate our ability, just ask anyone how much they spend on Starbucks every month and they'll see not that much and then be shocked when shown the numbers. Tracking figures takes the human emotion out of the equation, the number is the number. In addition a written budget allows you to find efficiencies that can boost what you have left over. If you are doing a written budget and tracking numbers the chances of you suddenly deciding to spend every extra dollar on junk is quite low

[@Joe-jc5ol]

Here is a simple plan: Any overtime pay throw it as is on the debt. Problem solved.

[@Robmar40]

"Oh my god I have extra money. Spend it quickly before uncle dave gets it!" Wow..

[@jezzermeii]

I think this issue is quite simple. He's overspending because he feels like he can, as he has earned more this week/this month. Then, he finds himself eating into the money that he actually needs to pay his bills. When he's in receipt of a normal paycheck, he's not overspending as he is following the budget because he *can't* overspend and eat into the bill money. What he needs to do is act like he's always getting a normal paycheck, whether he is paid more or what he has budgeted to earn. Then, with any left over money, he can save a bunch of it and maybe give himself a 'treat' for having done the overtime. This 'treat' shouldn't be more then 25% of the amount that he has left. That's what I'd do anyway.

[@simpleeye7950]

I'm working for holiday pay Monday and I already have a name for those extra wages. Part of them will be added to my "floating cushion" in my checking account for minor emergencies in and the other part will be "snowflakes" to my snowball which will hopefully start rolling mid month after I finish baby step 1!

[@OscarMartinez817]

Whenever you make any extra income you don't spend the extra money instead you put aside that difference to invest into something that'll bring in more money. This is what seperates the rich from everybody else they watch every dollar they earn.

[@costco_pizza]

Oscar: No one is going to respect you sitting at home not spending your money. He needs to get out their and enjoy his life.

[@TMliz]

My uncle taught me this lol!

[@arleneaugustahair8393]

ACR he’s not saying you cannot enjoy life. If he gets rid of his debt 1st, he can actually enjoy life by saving money to go places. That’s the poor mindset thinking that you should spend every single penny you make. I get extra money and I invest it because it’s not a part of my budget. What happens when you get older and have no money saved for retirement or emergencies. Oh you will end up on one of these other KZbin channels complaining that you’re homeless.

[@vegeta9411]

It’s blasphemy how most of Dave Ramsey callers make 60k and above, yet they are broke. But then we hear amazing stories from janitors, valet parking attendants, security guard ect that made millions when they retired.

[@jakefarmer3122]

Big hat no cattle!

[@MarioHernandez-ci4cc]

Rice & beans my friend & a modest phone.

[@michaelb.8953]

A few years ago I would do overtime to bring in more money for my family while raising a young family. I would go into work on a Saturday for eight to twelve hours and my wife didn't work at the time while our kid's were small. I would go to work and as soon as I left for work she would head to the store with the kids in tow and shop and spend away my overtime money as fast and at the same time I was making it. But if my job had a slow period with no overtime available she would behave herself and tighten the belt. Then when I would see hundreds of dollars missing from the checking account on the very day I did overtime due to her spending then excuses would ensue. Then find bags and bags of new clothes, shoes, nick knacks for the shelf in the living room and the arguing would then begin. Fast forward to today after I put her through college and a really good career in the medical field she doesn't spend nearly like she did years ago as by the time she gets home from work she doesn't have the energy to shop and besides I think she understands the value of a dollar now that she has to get up in the morning and contribute to the household income. As for me I don't do the overtime nearly like I used to either simply because I'm older now and can't work the hours like when I was younger and our household income has risen by five times the amount when our kids were younger.

[@dc76384]

He lives in California...that's the biggest problem.

[@MrAces215]

Your monthly expenses shouldn't fluctuate and you should be able to know what's remaining

[@tenzinkunsang162]

I save 37% of my income every month

[@vexvesper]

The job I just had was about 1000$ just in taxis to get to work. I quit that

[@Liveeachdaytothefullest]

Jeez he makes close to $100K. It seems like the majority of Dave's callers are making incomes from $70K and beyond.

[@fatalbertgeis2516]

Because poor people either know EXACTLY where every dollar goes and budget the sh** out of their money or have given up hope. I as a single parent was making $14K/yr with 4 kids AND still able to save. It can be done. Really. I have the "poor" advantage of either getting a deal or going without. I see how the middle class lets their money slide through their fingers like sand.

[@mr.worldfree3333]

not true at all

[@cmb9059]

@C B atm i make only 42k a year and I don't feel anywhere near broke.. I just do simple math and know what I can spend. And no I'm not going crazy to figure about how to do it its actually easy. Now im single with no kids so yes that's a huge reason why but also because I'm not stupid with money.. I'm in a company I can move up to alot better paying positions, like within this year I'm hoping to get into 1 of the 2 I'm interested in. One makes about 55k with no OT and alot of times OT is available so obviously it could be much more and the other is 70k with no OT, all positions do have yearly raises.if I get one of those I would feel rich and that says something. And yes I dont have debt and I am saving money into my 401k (15%) and saving a bit on the side just into my account.

[@anthonyfaucy2761]

If I earnt £120k I would work 10 years max and then retire. As long as you are financially responsible its so much money to live comfortably. I'm literally getting paid peanuts slaving away for basically nothing. I can't even afford a mortgage

[@pooh5616]

I need your help before going forward with bankruptcy.

[@scorchedearth8661]

The thumbnail of this video shows Dave with a big smile on his face. And then you read the title. I laugh because it makes you think Dave thinks it’s funny that this person can’t get ahead.

[@CashMartin909]

I was doing my budged without the app.. you leave things out.. I did my budget on the app I was 1,000 over budgetet lol.. good app

[@michaelcookielover6091]

I dont understand the problem here. Assuming he can live off his base pay, take every OT $ and throw it at the debt snowball.

[@Realamericanfan7279]

U make a 120 a year that's great money in any where in the USA, and you're complaining about what again🇺🇲👈

[@harryputang5352]

Debts will drown you.

[@aureliansmithjr.9013]

Sounds like he's taking care of too many people and buying too many bobbleheads.....

[@searchersearcher8286]

KISS...Stop Spending

[@simplywine00]

I think I’m doing every dollar wrong. I plugged everything into every dollar, i make good money, I have zero debt and a nice savings account but it said I was $16,000 in the hole. LOL not sure what I am doing wrong.

[@TheToadChild]

Must find a job making $100k a year...

[@kandaharenglish2595]

That’s cause there is no Barakah in his wealth.

[@jameswhite3232]

Heck you can make $2000 a week as 100,000 a year

[@jayhillz3705]

Well,... he also lives in Cali

[@RGE_Music]

I'm putting 70% of income in savings right now. Any Advice?

[@KennyakaTI]

Don't put that much into saving. Investing is better

[@becsterbrisbane6275]

Remember to live a little. Enjoy life just a little bit. No point slogging away whittling everything away if you have nothing to look forward to at various intervals.

[@JK20239]

Too.bad so sad.

[@LadyBeeSting2434]

I like the shorter videos :)

[@mikenelson8377]

Melissa Marie they’re shorter because some callers are actually organized and get to the point instead of telling their whole irrelevant life story

[@ladyoun4936]

omg! so sad

[@tommy2346]

People are just stupid haha, no help there. It's like they need a hand to guide them. Truth is not everyone makes it. That's it. Hard truth

[@pimpballer3]

Can I win a ticket too?! Big fan

[@jamestokyo9154]

0:55 “30” “How old are you?” “31”

[@zunaiandre2341]

🔞most of them