Should I Cash Out My 401K to Pay For a Car?

[@j.m0ney133]

Cash out an appreciating asset for a depreciating asset? Bad plan….

[@the.ramey.showhig...4985]

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[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ONE*

[@lotuswolf1518]

Cars, I hate cars, unless I have 3,4 million dollars in bank balance account I won't buy a car worth more than 35 k

[@bluegillmich]

I just Knew this time ,,Dave was going to say ' Go Ahead ' and do your plan.. automobiles are a great financial investment----

[@Je.rone_]

😂

[@shola7987]

lol

[@timothyjohnson679]

I'm cracking up! This is hilarious

[@FTTPRO]

🤣🤣🤣

[@gmc9753]

I would never withdraw from a retirement account to pay off debt because once you do it, you're more likely to do it again (and again) in the future. It's better to punish yourself for getting into debt by reducing your lifestyle than using a workaround.

[@aolvaar8792]

If the account is just legacy, and is for the kids, Why punish yourself by reducing your lifestyle?

[@michaeltrollan]

Great point about how you'd do it again and again once you've done it once. Definitely better to just reduce lifestyle and treat retirement funds as money that is untouchable.

[@aolvaar8792]

@@michaeltrollan The point I was making, what if you don't need the retirement funds?

[@jayj4439]

The irony is that you have to pay it back anyway so u may as well just pay it off instead of using borrowed money to pay off

[@bellmattwebb]

Yup. I liquidated my first company retirement account and still regret it. But it only took the once to regret and never do again.

[@Gus_Chiggins]

Yo you gotta act like the 401k and IRA isn’t there people

[@blackworldtraveler3711]

Yup. Just set it and forget it pretty much. That’s what I did. Maybe rebalance and tweak every few years.

[@johndone8045]

Thats why never put 15% in it, just do company match and put the rest in single stock No way anyone should put that much money into a 40 years prison

[@aolvaar8792]

@john Smith in single stock NOT a single stock, as in a portfolio of 50 single stocks

[@EMSANTACRUZ]

@@aolvaar8792 oh would you mind educating me on this if possible in a few sentences? Why a portfolio? 🙏

[@aolvaar8792]

@@EMSANTACRUZ Portfolio: a range of investments held by a person or organization.

[@Patiomcl]

when it seems like everyone is driving a nice truck, just remember most of them are fools and it's all debt

[@timothyjohnson679]

I love when Dave makes the point about "look at the driveway they are parked in though". I've seen so many nice cars parked in front of really poorly maintained homes. It's because all their money is in their car! Since he pointed that out I've seen it so much it's crazy

[@michaeltren4910]

Not if you have the money fool😂

[@theramseyhig...4921]

❁WhatsApp❁...

[@michaeltren4910]

@@slamdunkslamdunk6995 100k fool

[@slamdunkslamdunk6995]

@@michaeltren4910 Based on your online behavior- you’re a child and are broke. lol

[@wtk6069]

This is one you clicked on just to see if Dave rants. Admit it. Lol

[@blackworldtraveler3711]

I wanted to know the stupid amount they paid compared to their income. Wasn’t disappointed.

[@hollyb6885]

GUILTY.

[@pep590]

I think she asked in such a way that Dave toned down the usual reaction to this question.

[@AbidingHopeMentalHealthCoach]

No, I clicked it because it was the next video recommended.

[@Harperrr.99]

Retirement is not an end, but a new beginning.Your dedication today will pave the way for a future filled with financial security and the freedom to pursue your passions.Big ups to everyone working effortlessly trying to earn a living while building wealth. I’m 50 and my wife 44 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. Saving and investing lifestyle made it possible for us this early even till now we earn monthly through passive income..

[@Tsunaniis-j5l]

Congrats on your early retirement, Interesting indeed! Currently, I am in dire need of investment advice or tips. Last year, I hesitated and failed to take any action until the year concluded. However, this year, I am determined to try something new, as I am very receptive to various investment ideas.

[@MakeamericaGreatagain-h7j]

@@Tsunaniis-j5l Alright so generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with (NICOLE DESIREE SIMON) an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her.

[@DreamweaverShade-h9p]

@@MakeamericaGreatagain-h7j Please how can I get to her?

[@MakeamericaGreatagain-h7j]

@@DreamweaverShade-h9p you can easily look her up, she has years of financiaI market experience.

[@TheDjcarter1966]

I owe $19k on a truck...my husband makes $24K and I make $7k per year....smh. it is crazy to think most Americans are financially killing themselves to have a new shiny car in the driveway. They have no savings, college fund or retirement but are making $600/ month truck payments and can't figure out why they are paycheck to paycheck.

[@xJayhawkFANx]

You guys are literally right on the poverty line. I would sell that truck ASAP and get BOTH of your incomes UP

[@khadijahjones2460]

@@xJayhawkFANx they are not talking about themselves lol

[@jblue1299]

Dave speaks from rightly earned wisdom and experience!!!!

[@the.ramey.showhig...4985]

❁WhatsApp❁

[@samysamy566]

The worst part is that ppl buy trucks but dont even use them for their intended purpose. Only for compensating.

[@ytr8989]

The. Feds are dumb and don’t care. If they use the ppp funds for other expenses, then they just won’t be able to qualify for full loan forgiveness. As long as they pay it back, they don’t care what they do with the money

[@the.ramey.showhig...4985]

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[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ONE*

[@theramseyhig...4921]

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[@devo6867]

I haven’t watched the video and the answer is NO!!!!

[@the.ramey.showhig...4985]

❁WhatsApp❁.

[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *Zero*.

[@CruzzzControl1984]

Caller: I know this is bad idea. But can I still do it in my scenario? Dave: What do you think genius?

[@theramseyhig...4921]

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[@theramseyhig...4921]

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[@thomaslane7576]

Man they are broker than broke sad for real 30,000$ a year for two people is terrible 😢

[@machelleking5457]

Stop telling people the cleaning business is easy and you make alot of money. It's hard work and more to it than you think. I make good money but between scheduling, keeping records, paying taxes, insurance and supplies, keeping everyone happy is exhausting!!!

[@theramseyhig...4921]

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[@theramseyhig...4921]

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[@JDMHaze]

There's a lot of time in scheduling, and staffing must be difficult I'm sure

[@jimroscovius]

He never said it was easy work, but it's an easy business to start, compared to others.

[@JDMHaze]

@@jimroscovius yeah i guess because of equipment that can be found locally and bought locally, ,, doesnt need alot of ground money

[@chrislanejones]

$300k a year for a handyman job. No way. They use the term "handyman" for someone that gets paid a low wage and needs to find a niche. They need to have proof of these people making this much money and not just yacking about it

[@FreeAgent797]

I'm still trying to understand what made them think they could afford this truck only making 30k a year. What was going through their minds when they were at that dealership??? Did they even check their budget at all before making their decision????

[@michaeltrollan]

Probably "our monthly auto budget could be $200 per month", then by the time they walked out of the dealership they had bought the beautiful truck that was $350 per month. We see it all the time with cars and with home purchases. Everyone overdoes it. (Even me!) Luckily she can get out of it, and isn't underwater too much.

[@ernieellan5694]

@@michaeltrollan Well actually it was "Our Budget can afford 200 per month". Then at the dealership they took out a loan for the beautiful truck at $650 a month. Who would have thunk that the difference would be a strain on your finances?

[@ripvanwinkle4532]

If she buys a 2000 dollar car I hope one of them has some mad automotive skills. The biggest problem seems to be income.

[@rodneyevans8362]

If you stop talking and listen, Dave will make your life so much easier!

[@theramseyhig..4906]

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[@theramseyhig..4906]

*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO*..

[@FrankS111]

THIS is the reason why most people are in debt and unable to retire later in life

[@theramseyhig..4906]

❁WhatsApp❁..

[@theramseyhig..4906]

*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO*..

[@tomoore1776]

What’s the point of even taking these calls? Everybody already knows the answer.

[@lifedoneright22]

Everyone? Are you sure, if she had the answer why would she call.

[@tomoore1776]

@@lifedoneright22 did you not watch the video? She literally admitted she already knew the answer.

[@lifedoneright22]

@@tomoore1776 Exactly how you knew the answer but still watched the video lol 😆 reassurance on our journey is the point of continuous watching of the same content tbh.

[@the.ramey.showhig...4985]

❁WhatsApp❁.

[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ONE*.

[@betitos11]

I havent seen a car for sale priced at $1k - $2k in looong time. Where do these cars exist Dave 🤔

[@joeb1522]

Especially not in 2021. Used car prices are up 40%+.

[@bellmattwebb]

They don't exist anymore.

[@BeautyOnEarth]

300k miles 1988 honda civic LX

[@patty109109]

Dave, you’ve been asked this question before and I know the answer but I am going to ask anyway.

[@theramseyhig...4921]

❁WhatsApp❁...

[@theramseyhig...4921]

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[@Melissa0774]

When I saw this, I immediately thought of Homer Simpson and the Canyonero.

[@the.ramey.showhig...4985]

❁WhatsApp❁

[@theramseyhig...4921]

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[@dcbfan1231]

LOL!

[@AbidingHopeMentalHealthCoach]

I resonated with what the lady said about raising prices and expecting better. I am a seamstress, with a certificate I studied for and everything. I sew several hours a week. I don’t want my business to grow too much, because I’m looking into a career that makes more per hour and doesn’t make my shoulders tight. But it is working for now while I study. Anyhow, I raised my prices in January. I had been charging $20/hour (in a market where minimum wage is just upwards of $14/hr). I went to $24/hr and raised all my standard prices (like hemming jeans, replacing zippers, etc) to match. I have only had one customer ask for a discount (which I gave her in exchange for a good review on Google), and a couple more have complained about the prices, but I haven’t had any unhappy customers. I deliver what I promise, and I am getting almost as many word of mouth referrals as I get google search calls.

[@heathermoore5240]

Dave: the NUMBERS, lady. Stop talking and just give me the NUMBERS.

[@theramseyhig...4921]

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[@theramseyhig...4921]

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[@MisteRRYouTuby]

Short answer: no.

[@ericac.4316]

Love the Advice from the gentleman 👏👏👏

[@averageinvestor4423]

Nonsense 2000 dollar car doesn’t exist, more like 4500 at least. Dave is a living in the 80s

[@rodneyevans8362]

I love how they know the answer, but they still ask the stupid question.

[@theramseyhig..4906]

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[@theramseyhig..4906]

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[@itsmedavidd]

Here in central Florida, the maid business is booming. Companies even hire maids to clean their businesses. I would know I was one of those hired to clean them.

[@theramseyhig...4921]

❁WhatsApp❁.

[@theramseyhig...4921]

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[@monicadhenderson8670]

So true hard to get contractors/handyman to just show up 🆙 & do good work!!!

[@theramseyhig..4906]

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[@theramseyhig..4906]

*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO*..

[@fef619]

Dave’s face when she talks 😂

[@BajanBrit]

Read the the title and I was like "CAR??????????? DOES THAT SAY CAR????????" 🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️🤦🏾‍♀️. NOOOOOOOOOOOOOOO!

[@theramseyhig...4921]

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[@cuh720]

I’d sell that truck ASAP

[@the.ramey.showhig...4985]

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[@theramseyhig...4921]

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[@unfairsanic5089]

How do you sell a truck if you still fiancing it?

[@cuh720]

@@unfairsanic5089 I think it varies from state to state. Or worst case you can sell to a dealership. Easy to do now a days

[@Mike-zf7lo]

Anyone else read the title to these and know instantly what Dave is going to say before even watching the video?

[@theramseyhig...4921]

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[@theramseyhig...4921]

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[@ThraxMan84]

Used car prices have been through the roof since the cash for clunkers program.

[@maribelarteaga9699]

You guys are great!!!!

[@blaze8408]

Dave: Sell the beans and rice

[@JreiZz]

These people need to stop talking over Dave and whoever is hosting with him 😂 no matter what the extra seasoning you throw on the plate is, it doesn’t matter as long as Dave knows the meat and potatoes of the situation lol

[@jblue1299]

Agreed!!

[@jblue1299]

Agreed!!

[@theramseyhig...4921]

❁WhatsApp❁...

[@theramseyhig...4921]

PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ..

[@EMSANTACRUZ]

Lol I like the way you said this. Agree 😄

[@exgamer07]

She could easily take a 401k loan (actual loan from yourself) and avoid taxes and penalties. Borrowing $2000 for 401k loan is next to nothing in terms of how long you need to pay it back.

[@xJayhawkFANx]

Sure... She could. But she shouldn't. You should never borrow out of your retirement. That's a very dangerous and sneaky slippery slope. Invest your money via automatic pay deductions, forget about it and retire a millionaire. It's that easy. If people borrow from themselves, they are going to want to do it again.

[@exgamer07]

@@xJayhawkFANx That’s the ideal goal, but practically speaking retirement accounts are the bulk of one’s savings, and sometimes you may need funds that a 3-6 month reserve will not cover.

[@YummyFood454]

She’s struggling right now but she seems like she’s doing good, watch, 1yr she’s going to be making 1/2 million dollars. Keep it up, you will make it

[@theramseyhig..4906]

❁WhatsApp❁

[@theramseyhig..4906]

PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ....

[@catherinewilke5583]

I am on track to retirement age according to DR. I’ve poured 16k in repairs to my 2008 Toyota (purchased for cash in 2009) in the past 3 years, so I could get done divorcing my freeloader ex. I just drove a brand new Toyota EV off the lot this week, and my monthly lease is zero down and about what I spend on gas every month. I’ll save on oil changes and repairs, and the electric is included for the first year. Patience is a virtue people. He is right, if you don’t have at least 1 mil net worth, you can’t afford a new car. This is my first ever. This woman makes less in a year than I make in a month, and she wants to empty her retirement account (likely funded by her low wage husband). These are the people who reach retirement age and throw their hands up and complain they can’t afford to live. Hope she is spry enough to clean houses in her 80s.

[@ArabellaCharm]

2k car??? What in the world can you get for that, a Craigslist 2000 Ford Focus with 150k miles? The new breaks, tires, radiator, etc will cost you another $1,000+. I think Dave is a bit out of touch.

[@michaelbuchanan6850]

All I've ever purchased are 2000 dollar cars

[@midlifecrisis7888]

Go to Vegas let it all ride in one hand of blackjack. Boom. Problem solved

[@the.ramey.showhig...4985]

❁WhatsApp❁

[@theramseyhig...4921]

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[@korn111685]

Ah yes… The, is cashing out my 401k to buy something stupid a good idea. Short answer: NO

[@brentebner8666]

It's 10%. She will always have to pay the 20% tax on it. Always. Actually, probably more as she makes more money and moves up in Bracket.

[@susanhelwig1468]

But how was she supposed to get to work if she doesn't have a car? You can't pay anything if you can't get to your job. I'm faced with exactly this situation, I need a new car because I'm tired of my old paid off cars nickel and diming me to death, but I have bad credit and cannot afford a new car. I have no choice but to cash out my 401k because if I can't get to my job, I will lose my home.

[@garrettmesser3977]

Sounds like both of them need better jobs

[@MrAddidas2]

Currently thinking about borrowing from my 401k 2 purchase a car without payments. Only plan on borrowing a few thousand and pay the rest with cash. I kinda scanned through the video being that I am at work. Anyone think this is a bad Idea? And I am one of the types who would rather buy the car and have no monthly payments...

[@cju4300]

Kelly, don't cash out 401k. Bad financial tactic.

[@the.ramey.showhig...4985]

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[@theramseyhig...4921]

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[@baldheadjamaican2551]

Why if u can double it why not.

[@shola7987]

how did they qualify for this car smh

[@theramseyhig...4921]

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[@JDMHaze]

dealers with kickback from predatory lenders

[@radfoo72]

@@the.ramey.showhig...4985 Nope. That's definitely NOT the answer!

[@jme92685]

Cash out your retirement for a car?! Use your head. If you have to ask, you know it’s a bad idea. Do you listen to this show or are you just “hearing without listening?”

[@theramseyhig..4906]

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[@theramseyhig..4906]

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[@Islandfist]

The title is wild!

[@theramseyhig...4921]

❁WhatsApp❁...

[@theramseyhig...4921]

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[@ae4xo]

HEY IM FROM WARNER ROBINS GA

[@theramseyhig..4906]

❁WhatsApp❁

[@theramseyhig..4906]

*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO*..

[@AbidingHopeMentalHealthCoach]

“No pun intended.” Come on, Dave! You should always intend your puns. You could learn something from George Kamel’s channel about this.

[@BridgeStamford]

I thought we were pass the point of looking for permission from Dave to withdraw from retirement. This is why Dave is a millionaire and why he will accumulate more wealth. Always. Always some people out there who do or try to do things easy way rather than the hard way. You can run into debt but it’s a slow walk out

[@theramseyhig..4906]

❁WhatsApp❁

[@theramseyhig..4906]

*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO*..

[@mikesawyer4707]

My dear....sell the truck. Thank you!

[@froggore52]

I know I shouldn't do this but should I do this?

[@the.ramey.showhig...4985]

❁WhatsApp❁

[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ONE*

[@cythefox7510]

No.

[@mattdillon6899]

its actually only 10% She would be paying taxes on that money whenever she withdrew it, now or thirty years from now. She would lose out on growth but Dave always says 30% and he is wrong

[@rodneyevans8362]

I may be wrong but I think it is a 10% penalty, between state and federal taxes 20%. If it's a Roth IRA you may take your principal out without being taxed, because you already paid taxes before you put your money in the Roth IRA. Dave is correct, when it's all said and done 30%.

[@mattdillon6899]

@@rodneyevans8362 you’re right but my point is she would pay that 20 per cent no matter when she withdrew unless it was a Roth ,that was never brought up

[@kd6844]

check the date, then check how your 401k is doing. more like diving

[@nbdysfool3]

Quite simple…..do the baby steps since they work! Has none of these callers read Dave’s book?

[@the.ramey.showhig...4985]

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[@theramseyhig...4921]

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[@estebanhenriquez3491]

Is Christy’s Business Boutique for women only? I’m really interested in the conference and any insight she could bring for small businesses.

[@theramseyhig...4921]

❁WhatsApp❁

[@theramseyhig...4921]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ...

[@mac_dagodoldyorkcoldyork8460]

The economy has crash United States have no money what is a debt right now honestly

[@markplymale]

Uhh no

[@theramseyhig...4921]

❁WhatsApp❁...

[@theramseyhig...4921]

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[@patrickchilds5486]

No $2000 cars out there. But wow 31k a year total income??

[@theramseyhig...4921]

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[@theramseyhig...4921]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ...

[@blackworldtraveler3711]

There are $2k cars out there.

[@siegfriedbraun5447]

It takes nine minutes to say "ARE YOU OUT OF YOUR FREAKING MIND"?!!! Hurting for content.

[@queen.kristal8395]

Sell the truck.

[@username9999]

Dave hasn't addressed her pronoun issue. She says she's married but is just saying "me, my, I"

[@luisduarte9813]

Ramsey doesn't relate to the common people anymore

[@timewing4611]

I never clicked on a video so quick

[@JozParks]

*Clicks to see if he goes to town or not*

[@the.ramey.showhig...4985]

❁WhatsApp❁.

[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *Zero* .

[@hellohi1089]

What’s with these people with their truck and they can’t afford it?

[@the.ramey.showhig...4985]

❁WhatsApp❁

[@musicpro7278]

I my self want a truck so bad I just love trucks but guess what I can't afford one cash right now so I won't get one

[@theramseyhig...4921]

PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ..

[@xfhnhhgjbvcfg]

Couldn't she pull out her contributions to the 401K penalty free? Or does that only apply to a Roth IRA

[@edwinf9999]

No, it would not be penalty free, it does not meet hardship requirements. Taxes + 10% penalty

[@SevenHunnid]

I’m just a Mexican stoner tryna make it out the hood by doing reaction videos & storytimes on my KZbin channel smh😅

[@xfhnhhgjbvcfg]

@@SevenHunnid I'm just an American Stoner trying to figure out how to make enough passive income to be a Mexican stoner! 😂

[@xfhnhhgjbvcfg]

@@SevenHunnid I just subscribed to your channel

[@DErika-ks6tp]

Just a Roth

[@darkwowpg]

I am not american but is 2k dollar car really possible?

[@glenn8861]

A beat-up old car with 150k-200k miles on it yes

[@shola7987]

it is but its gonna be shabby ..need a great mechanic

[@ChrisMFlorida]

I paid 3k for a car about three and a half years ago and maybe put $300 in repairs during that time. Still runs fine. In my past stupidity paying $400 a month for a car payment was nothing.

[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ONE*

[@johnhiggins3943]

Buy an old man car Buick, mercury ect.

[@noheader]

I totally disagree. I cashed out 36k. Payed off 15k in credit cards, payed off my car, and got rid of a 440/month loan. I put $850 a month BACK in my wallet NOT INCLUDING INTEREST. Now I am debt free , pay extra on my mortgage, And I sleep stress free. My house will be payed off in 11 yrs now instead of 30. O, I also pay 15 percent to my new 401k. I am not a typical American I never had credit card until I was 47,so I don't miss them now.

[@percivalgooglyeyes6178]

You know, she's never going to be wealthy, so she might as well be in debt and enjoy that nice new financed truck.

[@theramseyhig..4906]

*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO*..

[@theramseyhig..4906]

❁WhatsApp❁

[@rayn1ful]

401k is a Canadian highway , how is a Canadian highway gona help someone with money ?

[@rayn1ful]

@@theramseyhig...4921 i dont get it ?

[@theramseyhig...4921]

@@rayn1ful what?

[@theramseyhig...4921]

PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ..

[@rayn1ful]

@@theramseyhig...4921 what do all them numbers mean , a retirement is an rrsp not a 401k.

[@sirgigglez]

kelly needs to shut up & listen!

[@luisduarte9813]

What if you are already retired and with fix income?

[@catherinewilke5583]

Then you should have 1-2 million in the bank, paid off house and car, and social security every month. If not, too late.

[@algonquin7187]

knight takes queen

[@July-qo7jp]

Good grief she makes $7,000 a year and wants financial advice? Get off your butt and make some money and hubby too $24k is ridiculous their combined income next year should be $100-125K no excuses I don't care if they have 6th grade educations if you'll work you can make money.

[@miketheyunggod2534]

A two thousand dollar car is a money pit. I guarantee you, you purchase a two thousand dollar car and you are gonna put $2K-$3K into it. Plus, no modern safety features. That makes it a death trap. Dave is a fool.

[@the.ramey.showhig...4985]

❁WhatsApp❁

[@theramseyhig...4921]

PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ..

[@Lion_heart103]

Depends on which car you get. There’s plenty of Honda’s out there that are $2000 and need little to no work on it. Plus they’re great on gas.

[@droolalot5795]

Dayum, they are really broke. Plus this lady's brain is scrambled. Selling oranges on the side of the road can earn more than 800 bucks a month. SHE can't answer a question.

[@TheMechanicj]

And she is in the 12% tax bracket plus a 10% penalty now that tax would have yo be paid anyway so she is borrowing at 10% interest let’s be real here

[@the.ramey.showhig...4985]

❁WhatsApp❁

[@theramseyhig...4921]

PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ..

[@untouchable360x]

Only if it is a Tesla.

[@the.ramey.showhig...4985]

❁WhatsApp❁.

[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ONE*.

[@JDMHaze]

no

[@korn111685]

In 2021 everything is reversed. Cars appreciate, 401k depreciate.. I’d say if you don’t care about the future you buy a stupid car

[@the.ramey.showhig...4985]

❁WhatsApp❁.

[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ONE*.

[@DanielGarcia-zz9eg]

Dave, do a video of buying a 2k car. Show me the vehicles you would buy online. I wanna see that Pretend you broke and u need a car and have only 2k in cash. Show me these vehicles in your area dave

[@jimroscovius]

It's a metaphor. He means cheap, cheap, cheap.

[@jimroscovius]

I found a 2002 Honda Civic for $2900. That's pretty close and the price could be negotiated down to $2500 or less.

[@rebeccashields9626]

A bicycle?

[@jimroscovius]

I found a Lexus for $2000.

[@theramseyhig..4906]

❁WhatsApp❁

[@jayb.8460]

I'm 35 single no kids. With an emergency fund. My rent is $200 a month with a house that I owe 140k on. And a $800 dollar a month mortgage I live completely off of my rental incom right now. And i have a government job. With a tsp. What's wrong with someone in my position cashing out my 401k if I can buy another house with it cash and still keep adding to my emergency fund. Once I pay off my house Wouldn't that become my new 401k in a sense? The way the government is going I'm not to confident in waiting till I'm a dam 59 years old bag of bones. I probably wouldn't even spend my money at that point and just give it away.😑

[@bstrong4919]

Yes sell that car and buy a 2000 car

[@jimroscovius]

Stupidest. Question. Ever!!

[@theramseyhig...4921]

❁WhatsApp❁

[@theramseyhig...4921]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ....

[@droolalot5795]

Sell truck and get HOOPTIE. OR start operation sugar daddy

[@Themetnut]

What about an inherited IRA? I can't roll that over anywhere and have to withdraw it within 10 years

[@the.ramey.showhig...4985]

❁WhatsApp❁

[@theramseyhig...4921]

PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ..

[@jimroscovius]

Let it grow until you have to take it out.

[@Paul-ou1rx]

That's one expensive debt free scream.

[@xJayhawkFANx]

Are there no better questions out there? I would like to hear some actual interesting questions

[@CC-sj8hd]

You may, only if it’s a 1963 Ferrari 250 GTO, otherwise, get a second job.

[@blackworldtraveler3711]

Yeah I’ve seen my share of stupid broke people buy brand new cars while living in apartments with no garage.

[@inertiaforce7846]

Christy Wright is cute.

[@theramseyhig...4921]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ZERO* ...

[@theramseyhig...4921]

❁WhatsApp❁

[@radfoo72]

Don't call into Dave Ramsey when you don't even have your figures straight and don't even know the K.B.B. value of your vehicle is🤦🏻‍♂️Despicable.

[@theramseyhig..4906]

❁WhatsApp❁..

[@theramseyhig..4906]

*PLUS ONE SIX ZERO EIGHT THREE ONE NINE THREE NINE THREE ZERO*..

[@radfoo72]

Don't call any numbers below either! ONLY SCAMMERS PUT PHONE NUMBERS IN COMMENTS!

[@chrislanejones]

Plot twist: The handyman that makes $300k year also has a Grandma who gave them $100k to put into the marketing. Dave should not be saying people are making $300k a year in being a handyman. The books mean everything to a company. He needs to elaborate on this business model he is referring too.

[@michaeltrollan]

It's not that hard to build up to $150 to $200 per hour. Every hard working, early rising, smart-working frugal person I've ever met that reads books on business and listens to people like Dave is doing great financially.

[@chrislanejones]

@@michaeltrollan I see but he needs to go over the business model he is referring too. I knew a "handyman" who said he made a lot. He's in prison now since he was actually handing pills.

[@johnmirbach2338]

😁👌👍🖖✌😎

[@the.ramey.showhig...4985]

❁WhatsApp❁.

[@the.ramey.showhig...4985]

*PLUS* *ONE* *SIX* *ZERO* *EIGHT* *THREE* *ONE* *NINE* *THREE* *NINE* *THREE* *ONE*.

[@CaseyBurnsInvesting]

We just want it to be over with. Time and persistence my friend.

[@TheTurdballs420]

Casey the spammer!!!!

[@appleforever6664]

Casey the Spammer! Nice try squeezing in a comment on a Sunday! 😂

[@appleforever6664]

@@TheTurdballs420 - Great work! Keep up the fight!

[@rlopez2626]

Casey also spams on a Sunday! 🤦‍♂️

[@multistack1502]

CASEY THE MOST HATED SPAMMER! EVEN SPAMMING ON THE LORDS DAY! Spamming has no days off.