Now Is The Time To Turn Your Financial Ship Around | January 8, 2024

[@chrisgeorge84]

The way he just hangs up on everyone is hilarious

[@gracecase998]

The personal finance class is fantastic. My daughter's school has it and she just finished it. It was amazing how well it sat with these kids. Such an important age to learn these skills. Our area is very recessed, 30% at poverty. I am digging out of my debt and she is all into it and we will be paying her college with CASH. She is saving up and we are too. Reasonable state school she can live home to attend. I will change my family tree and now I know because of this class she will continue it forward.

[@brookelondon8029]

I'm so happy for you and your daughter! Depending on her career field, is it possible for her to get a part-time job in her field where the company might offer tuition assistance? Dave has mentioned that and I had never heard about that before.

[@gracecase998]

@@brookelondon8029 She is doing graphic design. She is doing that now for her instructor in high school. She also plans to get part time job at local gas station next to our house. Thank you for your comments.

[@itsallperfectlynormal9805]

And scholarships and grants! There are SO many out there. Use those internet sleuthing skills, find and go after that free money!

[@BeeDee-qs9so]

I just loved Samantha’s story as well as her positivity. How fantastic is she! Congratulations, Samantha! 🎉

[@mandicorbitt]

Thank you, Samantha, for your light! You are such a great example of a disciple of Christ! Bless you!

[@Nigriff]

Samantha, congratulations for finding, accepting, and following Jesus Christ. 🙏

[@savanah1407]

That’s the ultimate mic 🎤 drop- paying off your debt and immediately retiring! 💪 🔥 Love it! Thank you for the inspiration!

[@anneborw]

Samantha is amazing! Loved hearing her story! Such an amazing soul, she‘s truly an example

[@Missin76]

Christian, my son graduated Navy boot camp in September. You got this! Thank you for your call. I’m going to pass Dave’s info onto my son. Sending you support and appreciation from Michigan!

[@rinorajelliqi5343]

The first caller sounded ridiculous. The audacity of calling another woman “crazy” and “money-hungry” when it sounded like she never pesters her husband. He has a legal and moral obligation to take care of his children. Wow.

[@MsQ275]

I completely agree, she sounded unstable, ignorant and, also, she literally married someone's trash so that says quite a bit too ❤

[@pamsmith1665]

Sounds very young and naive.

[@Nigriff]

He probably would have been better off staying with his original wife.

[@heatherncasey2004]

Agreed. She sounds extremely immature.

[@SuzanneU]

A horrible woman. The ex-wife doesn't pester the father of these children. The mother is not crazy or money-hungry!

[@Leigh-AnneOBrien]

WAY TO GO, Samantha from Dallas!! So proud of you. :)

[@TarmacSkin]

I discovered Dave when i was 16. Now im 26 and planing to retire by 50. I already bought three properties Cash!

[@jtowensbyiii6018]

How did you earn so much cash in 10 years? Curious

[@bettedavis9261]

Can't wait for George's book to get to my library! Our library system has ordered it, and I'm 17th in line on 4 books. They offer a special, discounted rate, as well...it'll be FREE!🎉

[@austinsrna]

Thank you Dave for the advice and having me on the show!

[@viljoisgreat7027]

I look forward to creating my EveryDollar budget every month. I’m definitely a nerd and love playing with the numbers!

[@macpduff2119]

I speak from experience - yes, if he has gotten remarried and the new wife is working, the courts can increase his support. It's not fair but it is what it is. The 2nd wife needs to file income tax separately not jointly

[@GenesisWilliamson-k9h]

Regarding the child support question, they aren't totally correct. It's really a state by state thing. Granted, I am on the other side of the coin, but in Illinois, if I get married again, the state WILL take my new husband's income into account. Illinois takes the parents' incomes and splits the child support based on percentages and majority custody. They will assume my expenses are lower because they are now shared with my new husband and my ex would get to have his child support amount lowered. It's the #1 reason why my fiance and I aren't getting legally married until after my kids are grown. My fiance has 3 kids of his own that he dutifully pays child support for, and neither one of us thinks it's fair that his income would be supporting 6 kids. My kids dad should do his duty regardless.

[@SuzanneU]

From what you said, your income would also be used to pay for six kids.

[@inspirationalvoiceactress]

Thank you guys again for having me on and telling me the hard truth I needed to hear.

[@Joce123]

And you can't assume that the ex-wife is a horrible person like your tone indicates.

[@Joce123]

Such a sweet young 18 year old hoping to make it through good camp and hoping to not get discharged because of injuries etc. He is such a darling.

[@Joce123]

Boot camp

[@chief5981]

@@Joce123you good, Joce?

[@brentosburn3422]

​@@chief5981 Right? Who is she talking to? Lol

[@jessicakirsh]

Thanks for all you do! You’ve changed my life and I’ve become an instructor and helped change the lives of three other families!

[@helenadepinho6649]

Samantha you are a blessing- you rock!

[@JMcIntyre417]

I love how Lanna put it with the podcast; "it was a lifeline" during their debt free journey. The show (via podcast for me as well) has kept me so motivated.

[@alexisballard1459]

Agreed!! When I got laid off in December I couldn’t listen to the podcast anymore because I felt so hopeless, but plugging back in and watching the debt free screams has given me a glimmer of hope during a stressful season ❤

[@JMcIntyre417]

@@alexisballard1459 good luck with your debt free journey from here! I’m sure you’ll land on your feet.

[@jaijai1132]

Man, Christian I was your age when I joined but wasn’t half as smart. If you manage your budget and follow these principles, you are going to have the easiest military transition whether you do 3 years or 30. So proud of you.

[@donnadagostino7717]

Samantha, what an amazing testimony!!! Love it! Congratulations!

[@heathergabrielli5018]

You absolutely do pay child support based on both incomes (depending on the state)

[@savanah1407]

Awesome job Samantha!! 🎉🎉🎉🎉

[@CruciferousCutie]

This young lady inspires me. Way to go!

[@Treehandler]

$15,000 is a normal price if you have to replace boiler these days since many more states are requiring to install a chimney liner. I paid $7000 for a new boiler because it was my friend who installed it without a Chimney liner, had a lot of spare fittings, and he gets a huge discount on equipment. I had gotten a quote for $12,000 from a mom and pop shop for a lesser unit installed.

[@Joesixfour]

U know when I'm going to use credit card debt again right at the end of Nevuary

[@bonniehalf-elven]

I find it hilarious that a new roof and a new furnace are dream killers because it's an old home. Like newer homes don't need the same thing! Geez, if there were foundation issues or something like that, then you'd have something to complain about! I live in a 100+ year old home. They have their good and bad points, but unless you're buying something brand new, you're going to have things that need replacing/fixing.

[@MichaelRamsey-pl3fs]

Yea dave Ramsey u amazing person as ramsey myself i struggled lost Everything pray me

[@maktub08]

First caller is the real "money hungry" in that equation.

[@av-lz5db]

So grateful for the solid financial advice.

[@bodiestevens9845]

My wife and I finally got to 500k in retirement and investments. thank you lord

[@kay22100]

I’m definitely side eying that first caller

[@SmithSolanka]

Yes Dave, I know this myself 4 years ago before my retirement. Having a personal finance class/seminars are fantastic. I can't lead anyone into investing without an advise to look for an advisor. I have my investment with an advisor now for 4 years and it has been amazing 4 years for me.

[@rosesmith905]

Investing now without an expert guiding you, is dangerous, yes, most market needs a good analyst.

[@AmoretteMurwin]

The technical analysis expert I admire the most. Her risk management tactics truly deliver results. Linda Sue Baier program of expertise has a wide presence across the internet.

[@joshuatatah1820]

@@AmoretteMurwin Technical analysis goes with an advisor and am not surprised that you mentioned Linda Sue Baier, because she is the among the best advisor we have in the world.

[@sashagrigor9612]

@@joshuatatah1820 And one good thing about Linda Sue Baier is not only the way she analyzes but you are sure and secure of getting your monthly return from her.

[@WeyneFulham]

One can actually acquire knowledge anywhere. This is a proof, just get to know about Linda Sue Baier in here and also typed the name and it showed up. I will drop a message to her after this.

[@douglasbennett9044]

Way to go Samantha! Keep growing in God!

[@andrewclark329]

I wish Ramsey solutions served Canadians too. I'd give the same advice to other military members here.. Dave if you are looking to branch out to America's hat you let me know 🇨🇦

[@gourabsarker9552]

Sir how much do you earn? Plz reply. Thanks a lot.

[@Nerdyygrl]

I don't know what state that first gal lives in, but I didn't have an audit done on my child support for 13 years. The only reason they did eventually was because he attempted to get his support payment lowered because he had more kids with other women and suddenly felt he couldn't afford $196.00/month. It backfired in his face, and the state raised it instead to adjust for the cost of living increase since they had never adjusted it before. XD *extra special tidbit: He and his current gf wanna have another kid.🤣

[@Trustbutverify2651]

Yes, but don't forget YOU CHOSE him.

[@DeinGeldvonBeem]

Wow Dave giving the heat, i really feel it!

[@williamjohnson1668]

A Roth IRA account can be taken out only after the age of 59 1/2 years of age. A good book on the on stocks and securities is "Yes, you can time the Market" by Ben Stein and Phil DeMuth. It's sort of like giving a business a loan and there are a lot of laws on it. It is not gambling but is treated such as it is.

[@mrheyz]

I have the download of Breaking Free From Broke by George Kamel. Great READ. Lots of information. I am in the the last chapter and he is wrapping things up. It is EVERYTHING RAMSEY+++ in one place. It has psychology (Delony), budgeting (Cruze) and chapters with musical undertones (Jade). It is the WHOLE crew in ONE book. You need to buy more that one and send it to EVERYONE you know.

[@MalloryFeger]

Samantha is my hero ❤️ congratulations 🎉

[@jingzhai5582]

Found the show by accident last week and can’t stop watching it ! Very impressive! On the other hand, I am wondering how to pay purchase in this digital world today without credit card? Using debit card? Is it okay to use debit card based on Ramsey’s money theory?

[@dct623]

Yes

[@jingzhai5582]

If close all credit cards and using debit card, I feel the same as using credit card end up buying things without hesitation. Also, cash pay is inconvenient in lots of situations and not good to carry it around. What should I do to change my mindset? Thank you !

[@DevilsClaw]

@@jingzhai5582you should do a detailed budget before the startof the month(the everydollar app actually is very good for that) and stick to it. If it is not in the budget, you cannot make the expense. There is no magic secret

[@adbbbbbbbbbbb]

Try it

[@Fishouta]

That was pretty harsh what dave had for caller Karen. I got the impression her husband became ill with cancer and couldnt work for awhile

[@ses-ei7oc]

I totally agree and it made me cringe. They were having a tough time and had to do what they had to do. I really do think that she'll never do that again. I felt bad for her for having the courage to call in and get needed advice, just to be yelled at. Not cool.

[@NaturalWifeyandMamaBear]

Go Samantha! 👏 PTL! Now that’s the type of sister friend I’d want ❤

[@lilzsac]

The first caller is clearly a young child like adult that just married a older guy

[@JanMitchell-b5s]

Gerber Life Insurance has pamphlets at hospitals for new parents. I was given them when I had my kids.

[@Joce123]

In some states if you get married the child support is based on the income of the married couple not just the guy for not just the woman who is non custodial.

[@FreethemGuyz]

And thats why men are avoiding yall like a bad fungus…😢😢😢even when you stuck on side of the road😢

[@MsValiG]

I wish you do, no need for dead beats. ​@@FreethemGuyz

[@Trustbutverify2651]

Dave should not give advice outside of his sphere of knowledge. There are three basic child support models: Income Shares Model (41 states), Melson Formula Model (3 states) and Percentage of Income Model (3 states.) Her state is the Income Shares Model - but their situation may also depend on what state the parents were in when they divorced and also where the custodial parent lives. What I CANNOT figure out about this show is that George is sitting there with a computer which he CLOSES when the show starts. (Must be the policy not to be online during the show.) If he had been able to OPEN that computer, he could have checked this out easily. No one knows everything. As the show expands into areas beyond strictly financial, what is the problem with looking up something on the computer during the show?

[@carla8687]

Came here looking for this comment. They were incorrect on this one. It's dependant on the state

[@Joce123]

​@@FreethemGuyzSilly person! My female friend pays child support

[@laurahohenstein3654]

Gerber Life Insurance has pamphlets at hospitals for new parents. I was given them when I had my kids.

[@Fishouta]

Ah, whole life.

[@josephmagouyrk5706]

Congrats Samantha!!!

[@TulipsNTattoos]

Dakota from Texas. Stop making excuses. Get. It. Done. Go, girl!!

[@ses-ei7oc]

Right? I worked 70 hours a week to get out of debt and it was totally worth the temporary sacrifice. It did help though that I actually liked the job and looked forward to going because it was more fun than my actual 9-5.

[@masonr1666]

The hardest question to answer: How do you save up for transportation while continuing to work? - I think this is the root behind the car loan. If you dont have a car, it is more difficult to get to work. So it is easier to take out a loan, and say this is my saving for a car. But that becomes a slippy slope, that leads to credit card spending, and other debt, to the point where all of your income is accounted for, and you have no money for anything else, like food, and its even easier to do that of you are a low wage worker.

[@masonr1666]

Transportation is easier when there is a public transportation option, but if there is no public transportation option, you are limited to walking distance, or ride sharing with coworkers. A lot of people find themselves stuck in this situation.

[@Maddie-lv5sg]

What I find interesting is this title. People are living paycheck to paycheck, eating rice and beans and have no debt. People just can not make it. My home is paid off, I have no debt but my fixed expenses such as taxes, electric, phone, car insurance, home isurance have gone up. My social security has gone up only 60.00 this year in 2024.and that does not cover any fixed expense and the increase.

[@soothinggentlesounds]

The caller about child support needs to see an attorney because some states take into consideration the income of a spouse. It is unfair but it is reality.

[@janise01]

How is it unfair? The premise of basing it on income and having exemptions is to leave the non-custodial parent enough to live on. If that parent has other means of support so their living expenses are reduced (example spouse paying half the rent or mortgage) then why shouldn't that be accounted for?

[@jtowensbyiii6018]

Pay for your kids deadbeat

[@timknin]

I bet the "Whole Life Insurance Companies" really love Dave and George!!🤣🤣

[@NEDD70]

Business in the basement….might be a liability issue there. He must have to have some type of insurance.

[@cleliaparnell8743]

Austin could work at a hospital prn and make enough to live on, even one 12 hr shift a week, while in school.

[@austinsrna]

Absolutely plan on that👍🏼👍🏼

[@ginnydavenport3303]

George is so witty 😂 always throwing in those nuggets

[@Nigriff]

He's gotten a little cocky

[@phyllishutchinson9410]

The lady who is disabled: why can’t the husband get a decent paying job, then pay someone else minimum wage to watch her while he’s at work?

[@Fishouta]

George is the only cohost that is not a dave puppet. He does really well and has his own takes on things and fun phrases.

[@Terika-]

Agreed ! I love the arguments they have on 401k retirement: 3 to 4 % prudent withdrawal ( George's take ) vs David's 8% . David goes ballistic if u dare to contradict him .

[@trinityocampo3407]

I don’t think that’s fair. I think it seems like all his cohosts agree with him a lot of the time because there’s a formula to what they are saying and what the plan is. So it’s easy to see the path of how to get from A to B. All the cohosts share their insight, life experience and give their particular advice.

[@mellowbirddreamer77]

Austin is rolling the dice 🎲 That's a risky move, especially with a wife and baby

[@austinsrna]

Absolutely. It’s a risky move and tough situation not being able to work in school. Dave had some good advice.

[@HappyPuppy-r8g]

How does cashing out retirement to pay for investment property work? Ive heard that u can do so w/o tax implications.

[@97TW]

George Kamel is the best

[@lynn.paul.pierre.kdxprod.]

Samantha is a true rock star!👏👏🙏⭐️

[@sippingtea4743]

I’m from McKinney!!! Hello Samantha!!

[@kerimtrigg]

As i am based the other side of the atlantic i am unable to call ramsey for advice. Would you sell your stock investment and thise of the kids to increase the downpayment on a house? Thinking yes for investments but keep emergency fund intact. Greetings from Switzerland

[@mandy-suedubreuil9527]

Just preordered Kamel’s book. 🎉

[@GeorgeKamel]

Thanks for the support!! 🤠

[@Fishouta]

Dakota is not listening.

[@celatta3000]

The first call 👀

[@b.c.2836]

To the RN: do PRN!

[@fortedelivery8379]

Can you focus on the older people who messed up and what to do.

[@mellowbirddreamer77]

Regret not listening to people who were smarter than you when you were younger

[@mellowbirddreamer77]

A lot of the callers are older people who've messed up. There's a certain age, like retirement age, where the game is over. You better have some gracious family and friends.

[@fortedelivery8379]

Wow I pray you don't work for Dave. It's a sad response I could have done better than that.

[@amireallythatgrumpy6508]

They can only focus on whoever chooses to call...

[@debbrenneman3407]

I divorced and sold my home. Now I have cash in high interest rate savings account. Feel vulnerable not owning a home but waiting for home prices to drop. Living with a partner who rents. Not sure what to do next

[@jtowensbyiii6018]

Got your debts paid off? waiting to buy means you'll be paying more not less for that house, so if you're scared to buy today, pay off everything else and start saving, housing prices don't go down

[@danaann65]

Loved "Scarcity Brain!!"

[@antoniofigueroa5084]

"It's a Ramsey law..." hilarious!

[@Desiree-k7k]

I don’t like the way the new wife called.. she seems like she’s the money hungry one.

[@angelladaluzxo]

Samantha you are amazing!!!

[@Trustbutverify2651]

Sounds like caller #1 is waking up to what it means to be married to someone who has children from a former wife. Don't want these kinds of issues? Don't marry someone who already has been divorced and has children from that marriage.

[@ThePolypam]

She also sounds really young... Not worldly at all...

[@OopThereItIs77777]

I have plenty of people in my life that did this; it’s called being adult and it will all be alright. Lots of exes are a MESS, but a mature woman can handle it. Especially when they love their husband/wife Easy as that

[@Trustbutverify2651]

@@ThePolypam Yes!

[@ses-ei7oc]

Yeah and it didn't sound like the ex was really "money hungry." Maybe she just hates the ex for some reason. I also think she could've just Googled that question.. idk

[@SuzanneU]

@@ses-ei7ocShe admitted that the ex-wife has never contacted them and never demanded money. If she's calling the ex crazy based on what her new husband told her, she should remember that he's a biased source. The ex is leaving them totally alone, which suggests that she's neither crazy nor money-hungry. Expecting the father of the children to pay toward their expenses isn't evil.

[@Fishouta]

Dave, in TSP, they are called funds, not plans. So, C fund, I fund, etc.

[@DiamondHandsDan]

Drink every time George makes Dave laugh (it’s not often)

[@Petitestyling]

“Go make a pile of money” as he and the wife miss out on the first 3 years of their child they’ll never gain back. Sacrifices, I get it. But the idea is tough!

[@ses-ei7oc]

Dave was confusing "The Christmas Story" with "Home Alone" for the question regarding the furnace.

[@myahsmybaby]

No, in the Xmas story the father works on a dieing furnace that makes all kinds of noises.

[@ses-ei7oc]

Ohhhh. I hated that movie, so I didn't remember that part.@@myahsmybaby

[@pamsmith1665]

Dying furnace

[@myahsmybaby]

@@pamsmith1665 I didn't know u were spell check. Good 4 u!

[@pamsmith1665]

​@myahsmybaby try to get a grasp of the English language.

[@emilygreifzu]

I am registered! Just wondering if we will get an email with a link to join or how this will work?

[@stephie7015]

I was wondering about that too.

[@je11omo]

No!

[@Truckerdaddy]

If the dad has custody then the mother should pay child support too, but most of the time they don't. The family court system is skewed in favor of the mother. She could be a terrible parent and still get custody nearly every time. I've seen it happen and it's wrong

[@janise01]

What data are you basing non-custodial mothers usually not paying child support?

[@Truckerdaddy]

@janise01 based off guys that I know not getting squat from their ex. One friend of mine got a call from CPS to come pick up his son from the hospital because his ex who had custody overdosed and was in ICU. 2 weeks later CPS showed up at his door to return his son back to the mom's custody. The same mother that had just nearly died from a drug overdose. He took her to court for sole custody and the judge threw it out. So that's why I say the system is rigged in favor of the mothers and dads get shafted

[@malobeastt]

Dave put Christian on mute 😅😅😂😂

[@elgrande178]

It is unreal to me how people stating that are making $150K a year are calling with so basic common sense questions...like if they are little kids. How is possible, I understand NOT knowing finance, but the common sense of these high earners is unreal....who is hiring them and paying them so much money?

[@williamjohnson1668]

Does she have identity theft protection with her bank? Norton Life Lock is a wise investment.

[@mandypdx]

Would you suggest snowball for 2 mortgages?? 4.75 vs 2.5%

[@HappyPuppy-r8g]

That's what I plan. Luckily the higher interest rate is smaller loan. Id personally suggest paying off higher interest rate loan first, either way.

[@janetcross2797]

No your money your money

[@janise01]

Not to be a downer but it seems Xenia and her goals are more based on dreams than actual ability. I was excited for her and her husband that they're on the downhill slide to being debt free but after hearing the rest and their lack of planning how to actually execute their film idea I have serious doubts being debt free is anything more than a pipe dream. Also how can someone be in LA, be interested in entertainment media, and not know there's companies that buy stories and make the film? I'm also baffled how they'll even have something to sell to a production company if she can't write it.

[@NEDD70]

I don’t know how someone lives in LA on 16 grand.

[@janise01]

@@NEDD70 Me either. My best speculation is they have there expenses paid for elsewhere somehow. She might get disability that wasn't included in the 16 grand or they're living with someone who pays the majority of expenses.

[@HawkGTboy]

Here, I'll save you all some time. Here's the Dave Ramsey Advice: "What you need to do is MAKE MORE MUH-NEY. Make more MUH-NEY, stop spendin' so much MUH-NEY and get outta DEH-YET." There, I just saved you 2 hours, 3 minutes and 45 seconds.

[@amireallythatgrumpy6508]

I'd rather listen to Ramsey yell at idiots.

[@BeeDee-qs9so]

@HawkGTBoy Words to live by. You’re not wrong.😂

[@ShermaineLit]

Somebody ought to put that first caller in her place. Briefing answers calling the mother of his children "money hungry and crazy" is wild ,when that woman has never contacted you.

[@bundydata]

Jayne Seymour was one of the Gerber babies.

[@chrispyd603]

Courtney sounds like the crazy one lol

[@cathy3701]

George!

[@andreagodwin2069]

1st caller seems super young and naive. Shes just taking whatever the husband says as gospel

[@TSos1973]

I really enjoy George, but this episode was yet another example of how only Dave Ramsey has the expertise (and life experience) to really help people in their concrete situations. There are just too many areas where -none- of his co-hosts have any specific knowledge.

[@BeeDee-qs9so]

Dave’s life and business experience spans 63 years. If it was possible to be injected with wisdom and experience at the age of 20, 30 or 40 years old, there’d be no need for Ramsey Solutions and a few other things in life. If there’s a faster way of gaining wisdom from living, please share. You can only teach so much - the rest is painstaking Experience.

[@Rick-of6gx]

​@@BeeDee-qs9so well put

[@brookelondon8029]

I've said this before and so have others - there needs to be a cheat sheet for the guest hosts when Dave's not on because so many of the questions that are asked are similar. One caller asked about whole life and was told it was terrible but there was no explanation given. Another wanted sell his home and his parents home and buy one together. In addition to that being a not so great idea, if either of those parents goes into a nursing home within 10 years there's a look-back period and he would have to repay a great deal of money to the government. In addition, he was young and one was ill. They were trying to hide assets and not a word was mentioned about with the government would do in that case.

[@TSos1973]

@@BeeDee-qs9so They're not getting life experience sitting behind that desk. Dave learned in the real world.

[@BeeDee-qs9so]

@@TSos1973 Of course they are! Sitting at the desk isn’t the entirety of their jobs or their lives - they live in the “real world” too, my friend. Should they only hire old fogies with more life experience? Dave has the humility to see the way of the future, which means training and mentoring these bright young people. They have even been known to teach Dave a thing or two, which he has openly commented on and appreciated.

[@TedMusgrove-th1gs]

3# caller, should really think about, does the beach home, have a good foundation? Otherwise, it might be falling into the water.

[@pspublic13]

Agreed. Beach houses are such a pain to maintain and worry about if you are only visiting a week a year. Unless you spend a lot of time at the beach, better to rent when you actually need it.

[@su-mu]

1:33:06

[@Nigriff]

There is a huge lack of discussion of the Giving Generously aspect on the shows now

[@sarahburggraf907]

Christian freedom isnt free, thank you for mine ❤🇺🇸