What Are You Going To Do When You Have an “Oh Crap” Moment? | September 30, 2024

The Ramsey Show | September 30, 2024
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Dave Ramsey & George Kamel answer your questions and discuss:
"I have $18m in a single stock - should I diversify?"
"Can I self-insure my house?"
"Should I cash out my investments to pay off debt?"
"My boss is handing his business over to me,"
Will Guidara on unreasonable hospitality.
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[@empressalananj2256]

Started watching your videos, its been an eye opener, wow. I really need to get my act together.

[@anniethomas451]

Thank You Dave and George. I’ve been having a fair amount of anxiety over reading about wills and trusts and lawyers. You have both eased my mind. I am modestly comfortable and live a frugal life with no huge fortune to leave my daughters. I appreciate your wise advice😊

[@BaffySchenck]

One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with Julianne Iwersen Niemann on CNBC. Indeed, A solid investment strategy is like a well-planted tree-it can withstand storms and still grow strong

[@bahijarhafiri]

That's great advice! Julianne Iwersen Niemann's perspective on investments as a long-term growth strategy, much like a well-planted tree, is a solid analogy. A good investment strategy should be resilient enough to endure market fluctuations while still growing over time. It's essential to have a strong plan that balances risk and reward, much like cultivating a tree that thrives even in tough conditions. Working with a seasoned expert like Julianne can help ensure your financial decisions lead to sustainable growth.

[@YadaniL-g8k]

Mind if I ask you recommend this particular professional you use their service? i need all the guidance I can get.

[@BaffySchenck]

Her name is. 'JULIANNE IWERSEN NIEMANN’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@YadaniL-g8k]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@anilujah7795]

"There is joy in service." - Uncle Chuck, husband, father of 16, founder of a successful manufacturing business, inventor...and one of the most generous souls that ever walked the planet. May he rest in peace.

[@Lovingmylife24]

Cassie I was that same woman that was willing to let my ex spouse go as well without any financial responsibility. It seems easier because we are nice and accommodating. Most men that I shared my decision with agree with Dave. Getting child support from the father/ex spouse is a good decision. They say they don’t have money but will be on vacation with their girlfriend every month.😢

[@aidenalamo6262]

I hope the lady with 18 million dollars in stock will be safe from thieves, court pirates, lawsuits etc.

[@Trustbutverify2651]

Yes, people are totally unaware that even with a first name and a city and state, a person can relatively easily be tracked through all the sites with public information. You can find out name, address, actual birthday, every past address where somewhere has lived, relatives, associates, all phone numbers (including cell), and emails used. The only number not on public people finder websites is the SSN.

[@pattycakes25]

For sure, I think they use fake names anyway but I don't know if I would have been airing that out

[@sarapurdy8712]

Hunh good suggestion, use fake names and inaccurate locations or countries when calling these places! Thank you for the tidbit

[@rchi3906]

I thought it was a troll at first until broke down per share price and splits , gotta be ground floor tech , $14 original investment ,God’s Good Grace , that was a Lotto Ticket!!!!

[@brookelondon8029]

A fake birthdate and some thing I learned was to not give sensible answers to security questions. What was the name of your first pet? Shoebox. What was the first movie you saw? Air conditioner. Never post favorite places, give reviews of restaurants, post check-ins. Someone has to do is look at your name on WhitePages and will tell the names of all your relatives and for a very small fee basically everything about you except your Social Security number. It doesn't mean you have to stay off your phone, you have to do your best to keep yourself safe.

[@mattlaeff724]

Dave is back, back again!

[@sarahburggraf861]

"we're broke bc we wanna be broke".... Ouch I feel convicted ❤

[@2dodger2]

I stay on KZbin for the comments!

[@bettedavis9261]

Same. They are the most entertaining part of the show.😉

[@rich2209]

Cutting the stream off at 90 min is a bad move.

[@Joce123]

I appreciate the free KZbin. I used to be only able to listen to Dave Ramsey on WLOL at midnight in Minneapolis in certain neighborhoods where I could pull that radio station in. Any length available on KZbin is a blessing.

[@ThaaKannon]

This is free content

[@Joce123]

Awesome to be a man who stood in a shower crying over the desperate financial life to city down with the President of the United States and the vice. President of the United States to have a chat ..unbelievable.

[@ELevenhagen]

​Well no. They put advertising in their program and get paid by KZbin for ads... It's not free. ​@@ThaaKannon

[@amireallythatgrumpy6508]

@@ELevenhagen It is still free for us because we the viewer don't pay to watch. That's the literal definition of free - somebody else pays.

[@romt-712]

To Elijah, I have a Handyman business and I don't think you should buy the clients' list from your boss. He has no leverage since he's forced to leave. Set up your own LLC if you feel ready to be on your own, get a business license and start working. No need to buy clients. There's work everywhere.

[@Azzamanify]

Hi there! Do you guys ever take calls from the UK? Things are different here of course but the principles are mostly the same. Thanks for your show.

[@myoldvhstapes]

Yes, they take calls from all over the world.

[@FloydofOz]

Call in! We could use a break from neurotic Midwest moms.

[@TulsaDude]

​@@FloydofOzfreaking A, that was a great comment Floyd, 🤣

[@NikkiV.]

😂 he said “dial it back in!” So funny I love it

[@jodyhunt4001]

Nvidia is inflated off hopes and dreams, not revenue. It's off the possibilities that have not produced anything at this time. It's the AI bubble. And yes it is a bubble, but inflation will keep the party going!

[@TheArshitauheed]

Australian investors who are not part of the AI bubble are seeing things clearly because they're outside of it. They're suggesting that we are at the absolute peak of it right now. And when it bursts, it's gonna crash like crazy until it stabilises again eventually.

[@Trustbutverify2651]

Sarah's call - WHY would someone with that amount of net worth ($18 million) call in a free daily radio show rather than go to a professional who can taken enough time with her? How about using the time to take calls from people who can't afford a professional advisor?

[@zoky0971]

So financial advice is only for poor people? Didnt know that.

[@bettedavis9261]

​​@@zoky0971no, it's for everyone, but someone with that large amount of net worth should call a PROFESSIONAL financial advisor. Someone with whom they'll have a long-term, ongoing relationship with. Someone who knows the ins and outs of current finances, and can offer advice custom fit to them, not a generic, quick answer. A one-off call to a radio/KZbin show isn't intelligent when dealing with that amount of net worth.

[@ELevenhagen]

To brag

[@Trustbutverify2651]

@@zoky0971 No - and you are purposely misreading my comment. Financial advice in this kind of complicated situation is not for a call-in radio show. It is for a CPA and experienced financial adviser who will likely take well over an hour to evaluate a person's current financial situation, lay out all the options, pros and cons, and tax and estate planning ramifications. Even if Dave is smart about all these matters, he is not a fiduciary financial advisor (that I know of) and there is NO WAY he can address all the issues in a call that lasts just a few minutes. Therefore, since his advice will likely be to "get together with one of our pros," the time on the call should be saved for those who want to call in and not only cannot afford to see a financial adviser, but who CAN be helped in a five-minute call that puts them on the right path.

[@susan9421]

Just because someone has money doesn't mean they are capable of handling it.

[@mattTHEEgreat]

I hate when i wake up and find 18 million in my account

[@martieaddy]

I can't wait to listen the interview of Pres. Trump. And hopefully V.P. Kamala would agree to it too. I can weigh in more my options.

[@Toybarb]

He is not important enough.

[@martieaddy]

@@Toybarb you are welcome to be wrong.

[@halo2Arbiter]

I got fired today, but I have my 6 months

[@jenb25]

Surely we can learn how to pronounce "Kamala" correctly by now. Right??

[@amireallythatgrumpy6508]

Ironically not one person can get it right. Not one.

[@TulsaDude]

Imagine if someone called Donald , DoeNald. They'd have an entire hour about it, and probably a full day of news on Fox

[@buckybarnes3803]

Well it's obviously Nvidia The big calls Dave always wants them to kick up to him with one of his Smart Vester Pros

[@Trustbutverify2651]

The RS group gets a cut from every person they list as their real estate or investment pros.

[@Ravetar101]

When u invest in anything it kicks up to someone

[@WOOFBTBWP123]

@@Trustbutverify2651WE KNOW THAT. We don’t care, Liz

[@TulsaDude]

Well no crap, he's running a business ,

[@cerdafiedDeveloper]

The First Lady worked at Nvidia that’s the only tech company that recently did a stock split trading at $121

[@sarapurdy8712]

I think you should take this comment down. What is your intention here?

[@TulsaDude]

​@@sarapurdy8712Welcome to the internet? She volunteered the information on a public radio show, podcast, and KZbin show. Then don't call bragging about your windfall

[@LittleBlueFeather-bq8fl]

Does Dave have a co-host...I can't tell...

[@nameinaframeindy]

How is a guy who wants his kid 50% of the time a scumbag? 50% of the responsibility means no child support imo. She bragging about making more right so what’s the problem? The child support system in America is trash and Dave and George are unjustly putting this lady on a pedestal and making the husband out to be a monster.

[@sgc1401]

In MN 50/50 custody will still result in child support if one parent makes more than the other.

[@TulsaDude]

I agree, I have heard Dave rip into men because their ex calls in and gives them one side of a story (in 5 minutes...). That's my pet peeve with Dave, he nearly always takes the side of the woe is me woman.

[@jd-um4jw]

"Fully Baked" can mean something completely different nowadays ! Haha . Careful

[@Toybarb]

Dave is 1001 of important people the vice president wants to me with . He is a nobody in her world.

[@amireallythatgrumpy6508]

And she is a nobody in THE world.

[@starion88esir]

That kid trying to take over a construction business with only half a clue is why people are getting ripped off these days. People need to stop using flow through contractors! IF THEY DON'T KNOW HOW TO DO THE JOB, PROPERLY, WITH SKILL, THEY CAN NOT DETERMINE A GOOD SUB CONTRACTOR FROM A GARBAGE ONE.

[@SharonTorres-u8w]

Are tariffs passed on to consumers?

[@Knappconstruction]

Can she 1031 it? I don’t remember if they stopped it in stocks

[@rohitvpathak]

Its NVDA that got her to $18M :)

[@TheJghan]

No doubt.

[@as2223]

@@TheJghan Maybe amazon since she's in Seattle

[@TulsaDude]

​@@as2223no... The stock price has been researched. It is Nvidia

[@ginaem2008]

I’m going to forget about my NVIDIA for a few decades and see what happens.

[@garettlik1184]

if the parents have 50/50 custody no parent has to pay child support. this in many cases can also benefit the children.

[@tanyab4400]

Love new format. Great show as always!

[@striperkid]

Cassie from TX, time to lawyer up. Your soon to be "ex" doesn't want to play fair.

[@fleetofwjs1893]

Or he may be trying to be fair, just not in the way people expect. If she were in Illinois and making almost triple what he does, she would owe him more in Maintenance than he owes her in Child Support.

[@fleetofwjs1893]

... and depending on the age of the kids, if they were married for 11 years, she may have to pay out for longer than he would.

[@personaltrainer1]

George!

[@caliopeknows844]

I don't hate Ms Harris at all but I DID know she was gonna dip.

[@fleetofwjs1893]

It's possible ex is just saying that he doesn't want any money to change hands between them i.e. he would forego Maintenance from her and she would forego Child Support from him. In Illinois, she would owe him Maintenance at 30% of how much more she makes than him i.e. she would owe him 30% of $4700. At first glance that's quite a bit more than the 25% of $2800 that she says he would owe her in Child Support. But let's rush to Judgment instead about how greedy / lazy he is...

[@fleetofwjs1893]

P.s. Note that I don't believe the law in Illinois would allow a "lets call it even" agreement, if Child Support doesn't get awarded then the State doesn't get their Federal reimbursement dollars.

[@lauragem796]

Did Dave say anything about the flooding that happened in his home state?

[@whobeyou5342]

Yes

[@chowceo]

I was thinking the same thing. I’m seeing devastating news from Tennessee from the hurricane. I don’t know 🤷‍♀️

[@lauragem796]

@@whobeyou5342 Could you please tell me was it at the beginning, middle or end of the show?

[@peytonmedina2635]

12:01

[@lauragem796]

@@peytonmedina2635 Thank you!

[@nowthatsurban]

Monica, SHHHH for just 1 second and let them talk! Jeeze.

[@hayarpikarapetyan7657]

Hey! I am from another part of the world😂can someone, please, explain how the woman got 18 million😮😮

[@Joesixfour]

18 million most likely Nvidia Stock sell 1/2 keep 1/2

[@shannahmatecun9996]

❤️

[@michaeltucker3361]

Welcome to the AMERICAN DREAM go back to sleep and wake back up Oh yeah look in your pocket check your bank account look in fridge MORE Money MORE problems NO Money More problems

[@loriwilson2569]

Except for apparently paying taxes on it is “punishment”. As a home school mom I bet she uses the PUBLIC library and the PUBLIC parks, the roads the sidewalks etc etc etc yet paying taxes is punishment when you have millions???? Please, I like Dave’s advice most of the time but saying taxes is punishment in that situation is cry baby behavior

[@buckeyejen1076]

Per your intro, it sounds like you were not a Trump fan prior to this interview.

[@holandx]

First one prob worked for nvidia lol

[@TheJghan]

Had to have..lol

[@jeffdarleneriel5628]

Why dp people listen to this guy? He stated that inheruted Roths live on in perpetuity. No Dave, your beneficiary needs to cash out in 10 years. He is a better saleman than finacial advisor.

[@striperkid]

According to the IRS, "Withdrawals of contributions from an inherited Roth IRA are tax free"........."However, withdrawals of earnings may be subject to income tax if the Roth account is less than 5-years old at the time of the withdrawal."

[@nameinaframeindy]

Nvidia

[@Trustbutverify2651]

If the longshoremen's strike that started today lasts longer than a week or so, people are going to REALLY see the need for the recommended emergency fund!

[@TheJghan]

He keeps saying president Donald Trump. It's FORMER president Donald Trump. lol unless he truly believes Trump is still president then we have bigger issues.

[@CelicaSupraKys]

Give it a couple months and we’ll see about that

[@TulsaDude]

Dave rips into men, but that doesn't mean every woman is a reasonable mother and wife. Just because they play the part in a 5 minute call on the radio. Why is George calling this man a scumbag? This is weird lol.

[@TulsaDude]

They assumed A LOT out of her 1 minute story about what is going on. I don't think she was clear that he just "up and left" yet they painted that picture for her. It's obvious that George hasn't been around broken families. She never said she was fighting for this marriage either, so why are they assuming that, because she's calling? Love there legal and financial advice, but relationship and counseling advice , eehhhhh not always

[@pamelawayne4114]

Please stop with the politics.

[@Trustbutverify2651]

What did he say that was politics? He said that he invited both Harris and Trump and stated what their responses were. Obviously, RS has a vested interest in knowing each candidate's position on all the economic issues. If Harris CHOOSES not to participate, that's on her.

[@Rick-of6gx]

They may have just heard him say the "T" word again and just can't handle it anymore 🙃

[@johnny2100]

18 mil worth of stock from just working at a company for 20 years? Dave if you believe that I got some air to sell ya

[@colleenduffy1139]

She didn't say how long she worked there but it was less than that.

[@bluedevil0111]

It happens in tech. My friend was an early employee at Google out of college. She’s been retired for years and was a multi-deca millionaire.

[@heatforever731]

My friend works in Microsoft and is the same thing they give him stocks every year. He’s gonna be rich someday

[@Cannedtomatoforsauces]

​@@bluedevil0111 Was? Did she blow it all?

[@bluedevil0111]

@@Cannedtomatoforsauceswas at the time she retired years ago. Now has more money than anyone could spend in a lifetime.

[@frankflores5164]

Bull

[@tabithan2978]

Ramsey! You lost me at “I’m interviewing Trump.” 🤣🤣🤣. Deranged! Just ask his former Cabinet members.

[@amireallythatgrumpy6508]

Name one American who is not deranged ... oh right, they all are.

[@Rick-of6gx]

So, not sounding like a bad loss then lol

[@jjkatz]

TDS

[@alishadegroot9100]

How about you talk to any of Harris's staff. She's had a ridiculous turn over for being such a sweet and joyful woman. Dave wanted to interview both candidates - how is it his fault that one took him up on that and the other hasn't yet (and almost certainly won't since she's allergic to the camera)?

[@tabithan2978]

@@alishadegroot9100 🤣Not as much turnover as Trump! 🤣🤣 You Maga nuts never think before you open your mouths!

[@kasaraspanda]

The trump crap shouldn’t be part of this podcast… too bad

[@justincrowell3708]

What happened with Jade anyone heard haven't seen her in awhile on here

[@notgivingmyemail3381]

You mean since Friday’s show?

[@isidorolopez265]

Go to this past week she was on with Dr. John just this past week do you research?

[@amireallythatgrumpy6508]

Yes, as Not Giving My Email (wise!) said, she was on Friday's show.

[@justincrowell3708]

@@isidorolopez265 must have missed it. Have a splendid day!

[@jds3535b]

These are the videos I click off.