I'm 19, Is This $500,000 Purchase a Good Decision?

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[@TheRamseyShow]

I'm 19, Is This $500,000 Purchase a Good Decision?

[@David-rg6vj]

no

[@miketonon7946]

@@David-rg6vj why not?

[@dylanabbottmusic6048]

@@miketonon7946 sell the car

[@miketonon7946]

@@dylanabbottmusic6048 but my car is on Scotty Kilmer. Plus it’s sentimental to me.

[@mr.puggin8384]

Sell the grandma the parents and the kids.

[@Rolo555]

Maybe he meant he was 40 but he feels like he’s 19.

[@JustinCase780]

Or he's 19 and feels like he's 40

[@kathleenr8839]

😂

[@Neddie2k]

Lol 😆

[@JS-kc2xs]

Lool 😂😂😂

[@theelephant2887]

@@JustinCase780 sounds like 40 for sure

[@willm9608]

Hey Dave I’m 7 years old and worth about $100 million dollars. I was just wondering if I can afford to buy a new bicycle or if I should buy an old used skateboard until I save up more. Thanks!

[@johto]

Better you to keep saving and buy your bicycle when you are 10 !

[@willm9608]

@@johto I think your right. In the mean time I will put my money in a diversified portfolio. I am invested in 50% rice and 50% beans.

[@johto]

@@willm9608 Winning!

[@mikesterthedude7106]

What’s your household income?

[@onenikkione]

Ride a Unicycle. Why pay for two wheels to be replaced

[@FrostFangTCG]

This is the oldest sounding 19 year old I’ve heard in my life! He’s doing great though.

[@miketheyunggod2534]

A great job at bull shitting.

[@Thereisalwaysmore]

@@miketheyunggod2534 welders get paid well.

[@enigmathegrayman2953]

I’m 45 and he sounds 20 years older than me!

[@africangamerr]

Man is no way 19

[@dumlaowalter]

It's the uncle who is testing the waters to see what his nephew will do. No way that guys is 19

[@Dr.C_Stag]

Dave’s smile as soon as he stated his net worth is the best. Also, he’s buying a house. $100K income and a $500K mortgage isn’t insanely unrealistic with no other debt. The house just happens to have a bonus that bumps his combined income to $130K. 10/10 video.

[@famousamos1]

His $100k household income will only be for 1yr until his 20yr old wife starts pumping out 3-5 kids and stays at home for the next 25yrs.

[@Dr.C_Stag]

@@famousamos1 LOL. Well, that’s also assuming his income won’t increase and the farm’s income will not increase. 🤷🏼‍♂️ Regardless, kid is killing it and I wish him all the best.

[@famousamos1]

@@Dr.C_Stag Lol yes I agree the kid is doing a 1% at his age! He’s also getting a deal you never turn down if the farm land is really worth $1.1M for $500k! It’s like company 401k match!!

[@fishjungle9]

I believe he should get a prenuptial agreement. Those assets are worth a lot of money.

[@priestesslucy3299]

If he and grandpa went in together on an irrevocable trust that the youngster had to keep paying into to maintain (and the trust pays into another financial vehicle that pays grandpa), but the property still passed down to him when Grandpa passes, that would probably protect him better than a prenuptial agreement. Those are so fragile.

[@Neddie2k]

He is marrying his childhood sweetheart.

[@dragon1729]

@@Neddie2k As if childhood sweethearts don't get divorced

[@dagobaker]

if i was him i would wait on the marriage and just date awhile u live on the farm and she can get an apartment or keep living with her parents if she bucks..... next

[@jeffwvu4602]

He makes $55k, she makes $45k.. He has a $100k net worth, we don't know hers... meh. I wouldn't do a prenup.

[@cutlerylover]

lol Dave didnt ask for a breakdown of his net worth guy just wanted to brag a bit, good for him :)

[@bikerpbl]

Jeff’s a Ramsey watcher too?!

[@juniperbrooke3883]

As he should. He's making a case for his financial ability to take it on.

[@tartuffethespry]

Let the man flex! He's a 1%er for his age range

[@clarifyingquestions]

Not a bragger - successful people communicate like that. As the caller said - he listens t DR and therefore knows the drill - house hold income, debts, married, kids etc . Caller delivered without a singular um, hesitation. He was such a pleasant to listen to and to think he is still a teenager!

[@cutlerylover]

@@juniperbrooke3883 When asking for advice you wait for the give to ask questions no reason to go into details that arent needed, I pay my bills and am financially stable is all he needed to hear...Then again if he knew what to do he wouldn't have called Dave in the first place...

[@bradwilliams4921]

This guy found his calling early on in life and knows where he wants to go. That is great. Congratulations!

[@CarlsontheOutdoorsman]

For those who doubt him, I can assure you this is very doable with discipline and a good work ethic. I’m also 19 and am approaching a net worth of $100k. Started work at a young age and became financially literate. It can be done!

[@dog7881]

Yeah sure thing

[@markcarlson5725]

I'm not calling you a liar but how is that possible. Bc how have you made 100k not including spending a single dollar 100k at 19 I don't see how.

[@j.m0ney133]

This young stud is a hard worker and in a good financial position.

[@macabretraveler1689]

Do the math. A lot of his money comes from his family

[@nikkisigmon8090]

@@macabretraveler1689 even if that is true, his character and hard work ensures that he keeps it and grows it for his own new family. But he worked for his savings- did you not hear? He doesn't own this farm yet.

[@burningcoal5705]

"Hard work" when half his net worth is from his family

[@IrishMexican]

This guy pulling moves at 19 that most guys haven’t done by 35

[@arnoldk5415]

The only knock I have against him is getting married waay to young. The stats on that arent good ....makes no sense to have it all figured out by 19 only to lost it all by 35....ask most nba players

[@teemuvesala9575]

@@arnoldk5415 actually wrong. getting married younger has higher chances of the marriage lasting for a lifetime than old.

[@wbae1340]

@@arnoldk5415 NBA players are a horrible thing to compare to or use as an example, extremely uneducated spoiled individuals in almost every case

[@h3sh926]

Partially because he has a good family situation. They might not be rich but definitely well off and I am sure this contributed to his success at such a young age.

[@spicyshizz2850]

@@h3sh926 fr, ppl are forgetting that he said he received help from his grandpa

[@ria6991]

Absolutely, on the land contract and Dave was exactly right on the possibilities. It happens. That's a headache you don't want.

[@teemuvesala9575]

especially if family members later on decide they want part of the pie when he passes away... thats the biggest risk by far. i think his grandfather and him have good relationship, but others may be jealous.

[@RJRussoVids]

I always question when family members rely on other family members as the backbone of their retirement plan. I’d like to know who established that the farm is worth $1.1M.

[@ksto0625]

100 acres, plus home/improvements, NW OH, yea 1.1 M is close.

[@josephinenelan4204]

@@wordsalad01 I wonder if he understands the sheet amount of work involved with farming. It's not some "hobby".

[@priestesslucy3299]

@@josephinenelan4204 this is his grandpa, the one who inspired his work ethic. He's probably spent summers helping

[@jermx1000]

@@ksto0625 it can be either close or not even close. Depends on a lot of factors to be worth that much.

[@Winnie-Kay]

Grandpa wants to keep the farm in the family, and to avoid inheritance tax, otherwise known as a death tax, Grandpa is selling to the family member that actually wants the farm.

[@janhatcher6991]

this man is amazing at 19 years old! He is so smart and knows exactly what he wants in life. I hope all goes well with him and the buying of grandpa's farm.

[@mugumyapaultheafricannomad9488]

At 19 i was a rotting idiot without income and f****d up. Wow, respect to this dude

[@xxdeftones86xx]

He sounds like hes 40. Plus i dont believe this call. Has he been welding since he was 14?

[@IA-py9by]

He said 16

[@xxdeftones86xx]

@@IA-py9by so he started full time after HS. So one year ago. On a 55k salary. No way he has 118 in savings/paid off vehicles.

[@xxdeftones86xx]

@UCvOn1yZwQ010ujWO_m6rsmA thats what im thinking. From time to time i think some calls are people lying to get on air

[@ghjong001]

Two years part time + summers, two years full time, plus overtime, paying for no food, rent, or utilities the entire time. And he's including a $28k car in his net worth (which is probably worth a lot less). It's possible, if only just.

[@satyannair4837]

It's totally believable. He stays with his parents, and they may be doing much of the household spending. Moreover, his grandfather introduced him to Dave Ramsey two years back, so he is obviously groomed to be a saver. Assuming he is relatively frugal, he could've easily saved up to 70-80% of his take-home pay, if not more. When he gets married and moves out, the story would be different. He appeared sincere and extremely mature for his age. It's a testament of his good upbringing. I didn't see a reason to doubt him.

[@edkennedy7952]

I'm 19 lol ya sure you are.... that guy sounds older than me and I'm 48.

[@arga400]

19 with 130k He is lying about his age lol, interesting call tho

[@gmarie3053]

I’m 20, I believe it. People lie but he sounds like the guys I know.

[@austinluepkes5484]

Testosterone baby

[@PlutoTheGod]

@@arga400 he works and doesn’t pay any bills since he lives at home. All his 50k income goes into a bank account, it’s not that unbelievable.

[@b7Hn4eX8yv4m]

This guy is the most mature 19 year old I've ever heard in my life.

[@samuelramirez4774]

I always learn something new watching Dave’s show

[@quackaddict9810]

I just bought a 120 acre hobby farm at 40. What a stud to be doing that at 19.

[@Gus_Chiggins]

Sounds like he’s 40

[@katielopez4104]

Yes lol and has a 19 yo gf that makes over 40k as well.

[@edkennedy7952]

No way that guy is 19 years old....another bs call.

[@hollywoodsmile9483]

@@edkennedy7952 Agreed

[@LVXD0]

@@hollywoodsmile9483 so you saying he's just lying for attention?

[@hollywoodsmile9483]

@@LVXD0 All i'm saying that he sounds much older then 19

[@JDawgstwothousand]

Impressive guy. Putting himself in a position to stump Dave and Ken

[@Je.rone_]

When i was 19ish i was somewhere in Costa Rica studying business and español🇨🇷

[@livingunashamed4869]

Dude might be a millionaire at 21!

[@lionheart93]

Ya but he said he’s getting married. Wish him that it really works out.

[@Random-yq1wu]

Millionaire yeah and divorce at 30 or 40 and wife takes half his money.

[@everss02]

and worth 500k a year after that as she takes half

[@MoonMoon-fx1op]

@@Random-yq1wu yall are so negative man 😂

[@zeal4god402]

Plowing the Earth does wonders for the maturity level. God gave Adam the ideal job

[@GrislyAtoms12]

Twice! Adam goofed up the first job, though. So God gave him the chance for a do-over.

[@timmy101able]

Farm makes $30k a year and will cost 500k?? Seems like a poor investment.. I guess it depends how much you would have to work to run the farm. Supposedly selling 1.1mill property for $500k and none of his kids wants it?? Something doesn’t make sense???

[@diannamc367]

It's a farm. They probably don't want to do the work and think they will just be able to sell it off when he dies. And $500k (or even $1.1M ) isgreat for 100 acres of farm. There are people paying that for track houses with HOA fees on top of it! This would be great!!!

[@lande18072]

Wish I did Votech lol. Going the college route through high school was such a waste.

[@MasterMindFinance]

i’m 19 with about 1/5 of his net worth. That’s insane to me honestly, congrats to that man. I’ve been working hard since 16 and still aren’t even that close to that number😂. Seriously pretty crazy! best of luck to all the young men and women working towards their goals

[@markcarlson5725]

Congrats to you you're doing really well at your age. I'm 23 24 in 2 months I have a net worth of 93k not including my 10.5k car. Although it may have went down by a little bit bc my stocks are down. I'm not saying he's lying but I don't understand how you could even make a 100k by 19 let alone save/invest it.

[@minervagalvez4748]

Good for you!!! I am happy for you and you're future legacy!!!

[@RandytheLatheGuy]

Numbers don't add up, he's saying he's got more savings than what he's actually made...

[@Kandres027]

I’m thinking an inheritance could possibly be involved.

[@tomdrummy4984]

That’s a lot of stuff at 19……getting married and a farm. Ask grandpa why the land contract? He has a reason for that.

[@andrewhoudek2109]

Land contracts are done to avoid taxes

[@sherridevries9144]

Daves big smile in the beginning.... Priceless

[@simplytrueyou9202]

I love this call! You don't find too many young men like this!

[@hollywoodsmile9483]

This is a voice of a much older guy IMHO

[@richardparadox163]

Millennials: I went to college and am drowning in student debt, I don’t know if I’ll ever be able to afford getting married, having children, buying a home, or retiring Gen-Z: 🧑‍🏭 💰 👰‍♀️ 🌾🚜 🐮

[@Big-Government-Is-The-Problem]

that dude is on track to retire with a 10m networth or more if he stays on this trajectory and doesnt have any catastrophic disasters. being able to buy the 1.2m family farm for 500k at age 19 is something most could only dream of. if he shows his grandpa this video, knowing he respects dave, the grandpa would probably be willing to sell it to him normally with a mortgage.

[@jameshorton3692]

Man I wish I had his head on my shoulders at 19!

[@tequisaholloway1738]

Married at 19, ABSOLUTELY NOT!

[@Luther_Luffeigh]

How is this the voice of 19 years old?

[@edkennedy7952]

Its not

[@tabitha5001]

Welding can destroy your lungs fast

[@tsurumonetally4531]

I think he's doing great.

[@zachwalters8001]

There is no way he can afford a 500k 15yr mortgage on his salary. Yeah his wife works too but idk if I’d depend on that especially once they start having kids.

[@cdub531]

Man Dave is so wise.

[@nepatriots77]

Best of luck to this young man. Kudos!

[@Klatubarada1979]

America needs more of those class programs.

[@queen.kristal8395]

he is very financially mature at his age. the only issue is he isn't going to have time working full time and taking care of a farm. I rather just not get it especially if its for 500k its a lot of work you need to do it to pay it off and make a profit.

[@hs1athome]

He will make 30k renting the land. I live next to 100acres and they rent their land out. Trucks coming and going planting and harvesting. The guy who owns it doesn't even live there.

[@samuelstrachan2726]

I'd imagine if he buys the farm and cash crops it while working his welding job he'd be able to pay it off pretty quick.

[@rachelharrison7961]

Where is Grandpa going to live when the caller moves in with a new wife?

[@locutusdborg126]

Great call. Caller, if you are reading this: I think this is a phenomenal deal. But hire a mortgage lawyer to nail down the details. Once the deal is ready to sign, think about calling Dave again to run the final details by him, just to make sure you aren't missing anything. You want to mitigate your risk. Oh, my inlaws had a farm. My brother-in-law, a gentlemen farmer like your grandpa, retired and sold the farm because his three kids, who grew up on it, wanted nothing to do with it. Farming, even Gentlemen-farming, takes a certain type of person. It is hard work. But it is a great way of life.

[@YummyFood454]

Sounds very smart and doing great with financial decisions! I feel some of it was given and provided to him but regardless. He’s making big moves at a young age.

[@Teamshmo]

At first it sounded so horrible, however, after thinking about it definitely do it. You're getting 50% off a million dollar deal plus it pays at least 30k a year. Most people buy houses that cost them 30k a year in expenses. Also with his new wife making money they will have roughly 130k a year coming in with the farm. Sell the farm in a few years for probably triple what you paid for it in a few years. Seems like a win.

[@bk_deltor9155]

id agree with him saying he takes full ownership rather than a contract. The contract sounds like a screwy retirement plan otherwise that keeps the farm in the family rather than outright selling it for what its worth.

[@fauxbro1983]

Garmlandcan be a decent asset. I personally would own the property and lease it out to be worked on by another individual.

[@karinhansen4281]

A little tear in Uncle Dave's eye over grandpa helping

[@mph5896]

Those are crazy numbers. $30k in from the farm with a 1.1m value. But it still kind of works if the guy is willing to work for free.

[@BIGEAGLEDUDE]

You've heard the old saying property Rich cash poor well this is definitely one of those situations. He sells the property he can easily get a good 5-10 million tops. Especially since people all around the country particularly billionaires are buying up Farmland with no problem. This is one of those situations where the grandfather may have to sell the farm and then give the profits to his grandson and any other family members post his demise

[@DVToxico]

I'm 45 should I quit my day job at Walmart and get the band back together

[@davidkasparian3813]

No way this dude is 19 he sounds 45 😂😂😂

[@citylights3452]

I would but it and flip it

[@HisLoveArmy]

Farm aint worth that much if it only makes 30K a year right??

[@WyMustIGo]

Ramsey gets trollled a lot with the calls.

[@devalraval007]

The maturity in the caller's voice was something expected from a 40 year old. Good luck pal

[@tylerdiedrich1947]

TOM i hope you see this do it!!!

[@MrZay11]

Great job young man!

[@1stLtDavis]

Grandpa‘s adult kids don’t need to be asked. Adult kids have no particular legal right to inherit one penny unless you draft a will that says so, or if you don’t draft any sort of will and that becomes the default of the probate court.

[@codyrobinson22]

He’s basically already got $500k for free since it’s half price to begin with. I like the incentive his grandfather gave him. He only has to pay $6000 interest on $500k loan from grandpa. Wow! Better than any deal I’ve ever heard other than inheriting it for free lol And this guy sounds nothing like 19. Sounds late 30’s early 40’s.

[@sammader5456]

I wish I started my Roth when I was 19

[@annegenette3968]

At 19, he is ahead of everyone else. Why would he jeopardize that? Farms are also money burners. ANd many elements can drain his reserves. Also add that he wants to get married? How much is she gonna take when she leaves him? The grandpa should be givingn him the farm, but I bet he sees how comfortable he is and wants to offload to a sucker.

[@rajbasra8423]

Sign a prenup and you can get a $1.2 million dollar asset for $500k? It's a no-brainer unless the asset isn't worth $1.2 million.

[@martinrivera6770]

Some 70-80 years from now this guy’s grandkids are going to be calling Dave Ramsey III about what to do with $100M+ inheritance. This kid is welding together a SOLID future already at 19 (pun intended).

[@ShoppingwithRina]

Wow good for him

[@didine256]

He sounds like an old dude already, more than a 40yo guy

[@dw4525]

That’s what happens when you follow Dave’s advice.

[@lynnebucher6537]

I wonder what the grandfather is growing that only yields $30K a year. Otherwise the purchase price and interest rate terms are unbelievably generous. I did wonder what the Land Contract was about, glad Dave explained it. Better to convey the deed to the buyer and have grandpa record a mortgage in public records.

[@oosamaaaa]

Dave I love you

[@WrongTimeWatch]

This guy is the most mature sounding 19 year old I have ever heard.

[@meshumi1]

Most intelligent 19 yo I’ve heard in a while

[@Bzking23]

Something feels off. How is his net worth double his annual income when he only started working full time a year ago? I doubt his summers off school from age 16 to 18 gave him an extra $50k to hold on to plus the ability to buy and pay off a $20k truck. Does he have any expenses at all? Regardless of that tho he’s in a very good space financially, however I don’t think that farm is a good investment for him due to the time and physical commitment it will take.

[@zachwalters8001]

I’m sure he’s parents gave him some money.

[@abark]

I had piles of cash stashed around my room when I lived at home and worked as a teenager. Or he's dealing. Who knows. Doesn't matter.

[@chicanotrades]

I was like this dude can be a welder and I was right hahahaha.

[@foxiedogitchypaws7141]

Wow! 19 years old!! Yes, do it, land is Always a good investment.

[@saltmachine5123]

Not a farmer but how can u “part time” work a farm? Just doesn’t seem to make sense to me

[@handheldgarage3297]

My dad told me if I wanted to farm I had better get a part time job. So yeah keep the day job.

[@samuelstrachan2726]

A 30k producing business without upside is worth no more than 300k

[@codykp.]

It’s Lye Ma, Ohio

[@БиггиСмолс-ю6ь]

No

[@pinayinuk]

Amazing

[@austinluepkes5484]

As low as the interest rate is going to be on a less than 50% LTV on farmland Dave is really holding him back telling him to go throw every penny at that loan…

[@kylemccarthy02]

This one is hard to believe.

[@STELLASCUTENESS]

Love this kid!

[@petesspspsps]

I'm 19 (but sound like I'm 40). Sure you are, but keep going...

[@israelthegamer2456]

That's a deep voice for 19

[@jimstone5401]

Just say NO. Please dear God.

[@dsr8223]

Just because the kids don't want to buy it for $1.1 doesn't mean they are ok with his selling it to a favored grandchild for less than half its value. That other 600k would go a long way toward taking care of grandpa if he lives a long time (especially if in poor health) -- not to mention their eventual inheritance. I'd get a very detailed appraisal, though. It may actually not be worth anything close to what grandpa is asking (which may be why the others don't want it).

[@Moonlight-126]

Buy the farm(get the deed), then reach out to Bill Gates(get a contract). He is buying farm land at this moment. Then once Bill buys it...call back then ask Dave what to do with the money with you being a millionaire.

[@coreyadams1982]

This dude has a bright future. I was chasing girls at 19.

[@BitterComments]

Sees title: *Nope.*

[@johannesswillery7855]

No this is a great deal for the young man.

[@sandrab.3538]

He's got the work ethic, but this is a lot of work. He knows it. We have similar families here in PA, and we're watching the kids grow up. Nobody is interested in the farm (yet). All those beautiful acres which have provided grandpa, grandma, mom and pop with a hard-earned living and beautiful family life. Hate to see those farms developed. Glad he's seeking advice.

[@motorcyclemichael2182]

Good “problem” to have...i guess, but I wouldn’t know 😒

[@mathisnotforthefaintofheart]

This kid should NOT get married...

[@brendonwhartonfit]

If it’s worth 1 million buy it from grandpa for 500k and sell it immediately 😂

[@jessiahy]

Dang! At 19!? What a guy

[@ryanmarksbury9437]

I will buy the land right now

[@Isaiah094]

They should’ve told him to sign a prenup.

[@flippatheshippa]

Na because you should trust your wife and asking for a prenup brings up lots of issues it makes you look like you care more about your money than your wife which is a very bad look

[@edgehodl4832]

so nobody gonna say anything about why he is getting married at 19? the guy is gonna get dose of reality at 40 when he will get divorce papers and 50% loss