Stop Trying To Figure Out Where Your Money Is Going, and Tell It WHERE To Go!

[@mgb5170]

I feel like Dave is genuinely proud of people who break through debt. He is like a big papa bear.

[@furgulley8077]

So happy for patrice! I'm a letter carrier as well and did the same exact grind. Paid off my mortgage on july 1st 2022 by working when nobody else would. So many similarities with listening to the podcast daily to keep me motivated. I finally got off of the overtime desired list last month after being on it since march 2014. Now I'm trying to train myself to slow down and back the hours down after all that time.

[@christopherhernandez3909]

Good work 👏

[@latinalopez2385]

That's my bestie! Super proud of you Big P! 💚 Tons of love to the Ramsey team and thank you for letting Patrice know that she definitely has the swagger now 😀

[@autordijanaferkovic]

We have all fell in love in Patrice. Tell her some of us teared up. We wish her all the success in the world. She's awesome.

[@LA_Confidential1]

Love that NY swag! Got cousins in Long Island with the same swag/accent 😄 Big ups from LA! Congratulations Patrice! Keep achieving your dreams ✊🏼

[@margie909]

So inspiring Patrice!!!!!

[@mmp495]

Much love to Patrice. She didn't let anyone or anything get in her way. I felt that. 💕💕💕

[@nuggiesmommie5689]

Thank you Ramsey team for providing a debt free scream platform. A lot of people either don’t understand or support the celebration of accomplishing this journey. It’s not a boastful act, but a place where support, understanding, and most importantly validation is given to many who can’t find it elsewhere. Thank you!

[@deenebrakefield1798]

This is my first comment on Dave Ramsey show ! Ive been listening daily for months... WAY TO GO PATRICE! Really proud of you too! From Arizona

[@stosh6586]

Way to go Patrice! Love your attitude and hustle. ⭐👏👍 My Dad was a mail carrier and raised 5 kids and sent all of us to college. The USPS can be a great career as you have shown if you are willing to cash in on the overtime opportunities. Keep it up!

[@gamer3642]

I loved Patrice segment what respect I have for her such a hard worker and grinder!

[@maryallen1017]

I drive a 11 year old vehicle with 89,000 miles on it. It runs great. I have never had any problems with it. If all goes well I hope I can drive it for 10 more years. "I feel good" every time I get in it to drive.

[@danaguyer8863]

Baby step 1 already saved me... car starter issue would have been seriously painful without my emergency fund... only 25% left on baby step 2!

[@Jcruz388]

Way to go Patrice! From another letter carrier listening to Dave on the route :)

[@JMay-pl5ge]

Loved Patrice's story and determination! Great episode!

[@kellyc9539]

Caller Jeff’s poor kids. His wife, their mother, passed away 1 1/2 years ago. Jeff is already getting remarried and selling the house that his 18 year old daughter still lives in, to go get remarried. Now he’s asking his kids to not take Money that their mother left them so that he can buy a new house with his future wife? That call had snake written all over it. Those poor kids. It seems like Jeff is more interested in his new wife, then his poor two children who are likely still devastated from the death of their mother and now have to deal with their father selling their house to move to another state and get remarried.

[@oscarrodriguez1068]

He’s a snake. His dying wife knew it and that’s why she had him sign over a portion of the house to the kids.

[@maryknight6020]

Agreed!! Something is fishy! 😢

[@sebunney1]

What do you want to bet there is something to do with persuasion by the new wife?? Just my guess, just a hunch on other relationships I have seen. Give the kids their money, set them up with a financial advisor, and keep talking to them about making wise choices with money. If he wants to save his relationship with his kids, that's what he will do. I hope I'm wrong and the new wife is not asking for anything, like money towards her new house, but I agree, it's fishy.

[@SKC1913]

And he admitted he wanted to take the money from them to buy a new house with “nice”fiancé. I hope they don’t give to their father. He’s a snake and so is the fiancé

[@BradDiBenedetto]

Yea dude was trying his best to sugarcoat it. He’s getting played by the new woman

[@rhondaadams4013]

I love listening to Ken! He's so passionate about what he teaches.

[@mmp495]

Way to go Patrice!!! I loved her story and her hard work. The American dream is alive and well! 🎊🎊🎊💐

[@justincaldero5174]

Seriously! I see a lot of myself in her. Heart hustle and muscle!!

[@ennellesperance1186]

Shout out to our L.I. Letter carrier! Repping NY 🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉🎉

[@brookelondon8029]

I have loved all my letter carriers over the years. I never realized that everybody else loved them too!

[@kathymiglio8196]

⭐⭐⭐⭐⭐Patrice you are amazing!!!! The sky is the limit for you, from a fellow New Yorker.

[@lukelacasse6412]

gotta love Patrice. inspirational for sure! Dave is right - she is amazing.

[@virginiakellock990]

LOVE DAVE & All of his crew !!!

[@NaturalWifeyandMamaBear]

Go Patrice! So inspiring you are. God bless you and your future.

[@msktrina]

I AM SCREAMING! Also a sociology major- THE TEARS- YOU GO!! YOU GO PATRICE!!

[@carloscastillo626]

Dad caller sounds greedy to me, he is getting remarried and wants to take all the money for himself. Instead of taking the money back on his word he can teach them how to use the money wisely. Sign them up for financial peace University and teach them how to invest and protect that money

[@arianavidal]

I was thinking the same thing. Tell them that he wants the money (their mom's wish) to be a blessing to them and offer to pay for them to do FPU so they can learn how to be good stewards of that blessing.

[@jordangarrick703]

Nah - the dad should keep the loot. The kids will be raiding his bank account as soon as the coroner finishes up - they'll get their share in the end. Let the Old Man enjoy his scratch while he can....

[@trishmartin6410]

It was his dying wife's wish that the kids each get a quarter of the equity. Then his dad is saying he wants to use the equity for a house that he and his new wife are going to move into?! Those kids would stop talking to him, and I wouldn't blame them.

[@ThePrincessa29]

39:10 the kids have not shown that they’re being irresponsible and won’t be able to handle the money. It’s obvious the dad wants or needs it for his new wife. One year and he’s getting re married already? That’s sus.

[@jjkatz]

Agree and it’s a long distance relationship 🙄

[@lovecats6856]

Yippee Patrice. I have a nephew who, when my Mum bought plane tickets on visa (which she keeps paid off) and she asked him to pay her back, said "why? Visa paid for it". They just don't understand.

[@vincentvalenzuela3069]

There is also a letter carrier in San Jose, Ca tuning in 8 hours minimum a day..

[@seanjean9677]

The widower need to give them kids their money!

[@av-lz5db]

The wisdom of Dave ~ ~ ~aaahhhh. Ken is an added bonus.

[@carolannstevens5814]

I agree!

[@AllThingsMoneyandTech]

I really hope it’s not the new wife persuading him to get more money in order to have more money for the new home. He’s not saying that but it seems odd it’s coming up now

[@jjkatz]

Yes and it’s a long distance relationship. Can never understand these people who have to rush into a new relationship with someone they hardly know.

[@brookelondon8029]

Over the years, friends of mine had long distance relationships. They were madly in love and had never met. It only worked out one time. One woman paid for a guy to move here from Australia. If he can't afford airfare… And there are many stories of women being involved with multiple men online who send her tiny amounts of money every month but it adds up. I pity those children because they're going to have to live with his decisions.

[@dianem4188]

Congrats Patrice!! You are a rock star🌟⭐

[@ZoKitchen]

she's humble ..stay blessed

[@bettedavis9261]

I must be "nobody." I've owned 3 cars that I drove until the wheels fell off. That was over a 40 year time frame. I now drive my dream car (Honda Accord). At 61, I plan on it being the last car I own (I only put about 4,000 miles/year on it.

[@colleengarcia7752]

I drive mine till they die too.

[@brookelondon8029]

I drove my Volkswagen for 14 years until the runningboards fell off. I just run a car until they don't go anymore and I do regular maintenance and do the tuneup's and get regular oil changes etc. etc. When I look at a car I have no idea what year it is and I often don't know the model. So nobody's impressing me at the stoplight!

[@Newlaw289]

The 1st lady is cute, but why call if you like your current arrangement? It's like a validation call. Am I good? I know I am. Say it Ramsey!! SAY IT!!

[@colleengarcia7752]

I suspect she was getting bad advice from family or friends or investment snake oil salesperson and she began to doubt her wisdom. I don’t think it was for bragging rights. She just needed assurance and confidence.

[@elway423]

Love Patrice’s DFS awesome job from letter carrier 1:47:14

[@x_Artius_x]

I’m sorry but that guy Jeff is a snake. You can hear it in his voice. It’s been only a year and he is getting married already? I think his wife did the best thing she could of getting his kids on the deed to the house. If the kids are smart they will take that money and keep it far from him.

[@jjkatz]

Agree

[@joyceneergaard4152]

Help the kids invest that 200K. Then they will have a head start becoming millionaires.

[@lukehumphreymusic]

Rent the house out and take the income until they get older.

[@rebekahproctor4687]

Go Abby and Patrice! You guys both rock!

[@Trahern100]

I’m from Long Island when he said breaking all kinds of labor laws I felt that😅

[@robp7538]

Get it Patrice!!!! Congrats!!!!

[@Christine-si8nc]

Wow, love Patrice's story!!

[@veronicacruz6919]

Sooooo proud of you Patrice!!! woot woot!

[@aweisen1]

18:00 Absolutely, keep that $30k for living and residency interview expenses, not investments. She never said which medical school she's going to; I hope she isn't going to overspend on a degree that is the same from any other school that offers and MD/DO. Especially When a Step/Level2 exam score is the most important factor to get into residency. I can't wait to see the comments about how a particular medical school matters for skill/education... it doesn't, at all. You teach yourself all of the material anyway. It only matters for networking; the age-old classic where it's about who you know, versus what you know. A few caveats but, they all circle back to 'who vs what.'

[@seanjean9677]

Let them get their money!

[@chriskim2770]

Love love the opening

[@jora1545]

That guy is trying to snake his kids out of the money his wife left them no wonder she did that

[@user-ob5nk3ss1p]

Yep. New wife and he is thinking of himself and her, not the kids.

[@jordanhaugen9765]

100%! Can't believe Dave didn't see it sooner. Dude wants the equity for his new house !

[@jora1545]

Hope it all works out for you

[@seanjean9677]

Go Patrice!!!!

[@antoniosantiago9794]

Great show!

[@vinnietaganekurukuru8519]

Good on you Abby..congratulations

[@yvettejk]

I disagree that the excitement of having that car wears off in a month! Not true for my husband and I. We have been buying with cash for years and keep cars for a long time. My 2016 still feels new to me

[@lejuanbass366]

My dad was much older than this man. He pledged all his financial holdings to me and 4 other siblings as he married a lady shortly after mom’s death. New wife had plenty from her deceased husband. He ended up splitting everything 6 ways, including her. When she’s gone, her daughter, who stole money from his accounts while he was dying in the hospital, will get all mom’s money. Sad situation

[@rachelkruse9087]

The guy who quick claimed deed should tell his kids when they are ready to buy a home he will allow it as a down payment and then it will bless them later.

[@petecates3186]

Convincing the kids to invest the money for a new home or long term investment would be great idea. At this point, trying to change what is going on and against the wishes of his deceased wife's estate, that is pretty fishy. Being a caller on the show, we only hear his point of view. We assume he is a good person, but could just a easily be a dirt bag. We have no idea if he is good or bad. We have no knowledge why the deceased wife wanted to do this. We don't know the situation, so we don't know if the deceased wife was not very financially savvy or if she was extremely financially smart and a lot more knowledgeable of what was going to happen.

[@seanjean9677]

He’s gonna use the money for his home with this other woman?! Loser!

[@brookelondon8029]

What I was thinking was it doesn't sound like he taught his children anything about money even though he was on the plan for 14 years. Big mistake. Plus it's taught in schools and he's living that life. Do you remember when Dave said he sat his children down when they were 21 and told him what the amount of money was that he had and that they were stewards and it was a big responsibility. He didn't want them to think that was going to be OK for them to be trust fund babies living on a yacht! That's what should be taught to kids.

[@TroyDStanley]

Thanks for defending Sailors Dave. This old Sailor in a BSM.

[@MrMistajone]

35:41 Guy is getting married a year & a half after his wife passed, to a women that lives in another state..... & Dave is saying that he believes that he's genuine in his assertion that the reason he doesn't want his kids to have the money is because they would be "burdened" with such an amount... yea I call BS. The new women definitely wants that Mercedes

[@oscarrodriguez1068]

He’s a snake.

[@Qwackdawack]

The dad wants to empress his new wife with deceased wife's money

[@marktolbert4047]

Self employed people get the worst deal when it comes to taxes!

[@bendafixer4542]

Great discussion regarding taxes

[@michaelfagan1507]

Thank you.😀

[@yanetrodriguezcruz3609]

I can be your company for ever. Not too expensive.

[@tlr1604]

Money Market is not FDIC or NUDIC or credit union-both are not insured

[@DannyNomad]

Stacey must be a saint to have put up with Ken for 25 years!

[@autordijanaferkovic]

why, Daniel, son?

[@NextGenEvs]

Yeah dude is obnoxious!

[@lmao1915]

Ken is great

[@thirdintegra]

Who's putting up with you? Nobody probably?

[@thirdintegra]

​@@autordijanaferkovic 🤣

[@theclothingcottage]

So how many accounts are recommended as sinking funds? Dave didn't say it but assuming he recommends not mixing emergency funds with funds for car, travel.....

[@flotaylor8170]

As a “socialist”, I just want to say this. Most of us don’t think rich people should pay more, we just believe they should pay their fair share, which a lot of them don’t. I think everyone should pay a standard percentage, one that doesn’t take too much from those that can’t afford it, but is the same for all; 15 or 20% maybe? I don’t think that if you earn 10 times as me that your tax percent should be double, but even at 15%, that’s 10 times what I would pay.

[@FitnessDad44]

Letssssss go!!

[@lmao1915]

Is there a better combo that *Ken* and Dave??

[@NextGenEvs]

Yes. Anyone besides Ken

[@lmao1915]

That’s wild, Ken is the best @the7vin19

[@Diamondamber02]

George and Dave are my faves together

[@seanjean9677]

He’s a greedy man!

[@yanetrodriguezcruz3609]

After being a homeless with license for three years there is a way to get better.

[@NeoSoulCrew]

Let me call in to brag!

[@yanetrodriguezcruz3609]

How can i bring my lost family member including my dogs back to life.

[@erikrohr4396]

I hate when people ask for 5 star reviews. If they must ask, they should ask for accurate reviews.

[@thirdintegra]

So write a one star review and explain how you feel about this

[@notgivingmyemail3381]

For someone who says “if you can’t say anything nice….” so often, he sure does call a LOT of people stupid when they don’t agree with his exact methodology.

[@lartrak]

The first older lady is unusual, a possible case for a fixed lifetime annuity. Someone who just can't handle volatility or any risk and is older. She could get guaranteed about 10% income returns for life with one at her age. If she thinks she could live into her 90s in good health, maybe an OK idea. One risk is if she needs long term care abruptly though, that could be an issue, or other sudden medical type expense, so she may be better off just sticking with her current plan.

[@zuri4life]

That man's wife was a clever lady. She left her half to the kids, give it to them, or put it in a trust for them...not try to back out of it

[@markanderson4353]

Dave is always talking about 10% S&P500 returns. $10k a year lost by not investing made me laugh. I’ve lost way over 10% the last year in the S&P. Those 10% a year gains are likely over. We will have a lost decade of stock returns. History doesn’t guarantee the future. Remember when cars used to depreciate and now a car bought 4 years ago is worth the same today? Who would have thought. Yes it happens. Dave’s budgeting and debt free advice is good but be careful who you take investment advice from folks.

[@yanetrodriguezcruz3609]

Can you answer question number three to me, i dont have the answer?

[@leesprout5820]

Algorithm

[@andrerodriguez7603]

Paula is doing terrible, a disaster waiting to happen. Ignorance in the market is sad to see in her case. She has a nice monthly income and has her mortgage paid off with no bills. She is losing money daily with no investments with the rate of inflation today, that money market account will just keep losing income. Her 1K a month into it, is just keeping the current balance at the 100K level. With major emergency home repairs, that account can be exhausted in a couple of years or less. That 30K in a savings account is totally dumb. Hopefully she stays healthy. She can always go back to work if the unexpected happens, even without choosing to. 😢

[@brookelondon8029]

I agree because of inflation with everything you said. I think Dave could have recommended that she dip her toe in the market and simply invest $250 a month and see what happens. She's probably earning 2% at the bank. And her Social Security increases won't really mean much because my part C went up $500 this year. Gasoline is more, everything is more. She needs more than a little bit but I could tell she was very hesitant. And what is she going to do when she has to replace a roof or heating system or any major repair like that. She's not going to have any money left.

[@Pirate35able]

Omg guy give your kids the money just get them some financial help advice

[@efegbareefenedo6668]

I wish John Delony was here today! It is the new wife persuading him not to give the kids their money. I smell disaster!!!

[@northcarolinagunenthusiast6532]

If you close your eyes while Patricia is talking. You would think Michael Jackson is up there on the stage.

[@NextGenEvs]

Ken is easily the worst cohost

[@lmao1915]

Lies

[@thirdintegra]

Well then start your own show and show them how to do it right

[@colleengarcia7752]

He is great! Love him!

[@elizabethweiss919]

Nah, Ken is great, I’m Sure is hard to say much when you are sitting with the master in finances Dave.

[@strqueen123]

I love Ken