I’m 61 and Have No Money!

[@ShirleyM_Anne]

I wish you guys would devote a whole show to old people in situations similar to hers... many are just too ashamed to call in...😢

[@Azel247]

The advice would simply be to sell everything to pay off your debt and then keep working

[@chosenlyric]

@@Azel247 sell everything to who?

[@Azel247]

@@chosenlyric That's up to you

[@helena3631]

i am in my 30's and this scares me

[@freedomisnotnegotiable]

Have no farm, only 7 acres but buying a 26k tractor… that’s US right here… I have 20 acres, and I have cattle horses, chicken, pigs and more and I do have a tractor, but I bought it for 10k cash and thought that this is already insane…

[@EvaHoffmann153]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future..

[@TicheDebb0]

Starting early is simply the best way of getting ahead to build wealth , investing remains a priority . I learnt from my last year's experience , I am able to build a suitable life because I invested early ahead this time .

[@AshleySommerset808]

Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.

[@EvelynBrooks0]

What steps can I take to engage in this opportunity? I genuinely aim to secure my financial future and am enthusiastic about taking part.

[@AshleySommerset808]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Rebecca Noblett Roberts” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@henryallard245]

Thanks for sharing, i did a quick web search and found her, she has a good profile and i hope to get a response soon

[@Lighthouse1810]

Every young adult entering the workforce needs to listen to this call.

[@ihmpall]

That dodge viper isn’t going to buy itself

[@elchapojr6219]

Most definitely and work at a bank and see how people manage money and they would be surprised

[@liberator9248]

Please let this go viral

[@maureenogorman8740]

Young adults can't comprehend 67 years old

[@christopherhoyt7195]

@maureenogorman8740 Very true. Nobody thinks it will happen to them. If people didn't go broke left and right, Dave Ramesy wouldn't have the career that he does. That's why the show is restorative in nature, not preventative.

[@o0usf0o]

Like Caleb Hammer says… save so you “don’t die on the Walmart floor”

[@mrbaboy]

Yes! Give us these kind of callers. The common person in the U.S! Not the, "I don't know what to do with $250000 saved up!"

[@mariannebrandon8891]

Agree maybe I’m bitter but I don’t care about those super rich folks who just don’t know how to handle their finances

[@darionfranklin]

I like hearing both because it shows that it’s not about how much money you have it’s mainly about your behavior

[@TonyCox1351]

This caller seems delusional. 30 year old student loan but a $27K tractor? Husband is too disabled to work but is going hunting? I cannot relate

[@Jane-rh7tc]

⁠@@TonyCox1351exactly, maybe the ppl with half a mil annual income is unrelatable to some ppl, but 75yr old disabled person still having hobby to go hunting every day is equally as unrelatable to me

[@la9863]

I agree! And people have to stop judging them.

[@Omikoshi78]

When Ramsey becomes compassionate you know it’s real bad.

[@bebop504]

That’s true, I’d rather him be upset at me than compassionate with me 😂😂

[@Lil-Whiskies]

It's one thing being in your 60's with no retirement fund (which is bad enough) but being almost $70k in debt with no money saved at all is a whole other issue.

[@ruthirwin8222]

Scary scary

[@herb8965]

A student loan at 61 is wild😢

[@Wet_Willys_Wetter_Water]

I laugh at people who are waiting for loan forgiveness because this is how they're going to end up lol

[@nightfangs2910]

The way things are right now for students that will be common place in the coming decades student loan debt is crazy now, and most students have no idea how or if they'll be able to pay it back 🤦🤦🤦

[@steelcastle5616]

Note she said she hadn't paid on it in 3-years... Some wounds don't heal -- they fester and rot.

[@lolwtnick4362]

​@@nightfangs2910for 24 years? lmao

[@vickieclark5931]

@@lolwtnick4362 Yep. Those student loans NEVER go away unless you pay them off or die. That's why Dave is so against them because they are one of the worst loans and hardest ones to pay off. So it's not uncommon at all for people to have student loans in their 60s nowadays. And with the way everything is going now, in another 40 or 50 years, people will have their own student loans into their 80s. Very sad, but unfortuneately it's true.

[@Doracox22]

The average social security check is $1827 a month. The worst part is 22% of Americans have less than $5k saved for retirement. Start investing now! Nobody is coming to save you

[@Richmind-ir5zi]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@Mitch10bands]

keep contributing! I'd suggest you consider financial advisory at this point in time, remember you are in for the long haul

[@greekmom]

I'm in line with having an advisor oversee my day-to-day investing cos, my job doesn't permit me the time to analyze stocks myself. Thankfully, my portfolio has just 5X in barely 5 years, summing up nearly $1m after subsequent investments to date.

[@TylerofSc004]

bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

[@greekmom]

Kristin Amber Landis has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.

[@RHill40]

It's sad to hear stories like this. Consumerism and financial ignorance destroys lives.

[@matthewgardner2144]

Self-induced crisis.

[@dianetownsend9813]

MEDICAL bills probably

[@invenio1978]

@@dianetownsend9813 Sure, I also had to finance a tractor the last time I got sick.

[@electrodynamicorb6548]

And living in the south

[@Jane-rh7tc]

@@electrodynamicorb6548doesn't matter where one lives, if they have no sense of planning for their life and finance, they be broke no matter what

[@joysilas4724]

She’s the perfect example of why you should not wait and just pay off your student loan asap!

[@fornos123]

💯

[@mattmasteringer4399]

That compounding interest is the killer and source of income for the government.

[@Bluetreez]

Oh so you think everyone just has the money - and she's probably been screwed on interest.

[@megalodon1726]

@@Bluetreez her student loan is from 1999, she had the money to pay it off years ago. She just didn't have the discipline.

[@TopVillain]

She hasn’t paid her student loans In 20 years and she keeps voting biden in hopes of him forgiving her student loans

[@ocmetals4675]

I’m 41. These are the kinds of calls that light a fire 🔥 under my butt when I start getting wishy washy with my goals. Geezus I can’t imagine the panic I would feel if I was 61.

[@kensmith2796]

I'm a bit older than you and feel the same way. It's crazy because I look back at how my parents quit working when they were 62 years old with nothing saved and no house and receiving next to nothing in social security. I have no idea how they would have made it without help from us kids. They for sure would have been homeless. They just live each day without any thought towards tomorrow.

[@musicman7297]

Invest in silver and gold. Buy what you can and when you can and don't touch it.

[@kyleychanel5574]

Shoot Im 27 getting my ish together. I refuse to work until 65 and I need a million dollars to retire

[@PersnameLastname]

You putting $300/month on whatever wouldnt make an impact at 41.

[@ocmetals4675]

@@PersnameLastname ok?? Who’s plan is $300/mo?

[@CA2SD]

I watch these to keep myself on track and will never judge anyone coming on this show to share their story. Most ppl are steps away from being homeless. I'm rooting for this lady because she has the means to get herself out of debt.

[@turtleanton6539]

I fully agree 😊

[@kensmith2796]

Yes, at least she's taking steps to improve her situation. My parents both retired at age 62 with no savings, no house and no car. They would have been homeless if it wasn't for us "kids" helping them out.

[@goofygirl1311]

@@kensmith2796 Wait. So your parents expected their kids to fund their early retirement? That isn't right.

[@LeinaVance]

This. People who follow Dave can be so smug behind their computer screens when it's not their financial situation being scrutinized.

[@LeinaVance]

​@@kensmith2796what's with the "kids"?

[@Bravo78631]

These calls are more realistic than the 16 yr olds making $50,000 a month

[@Lebron612]

I'm 31 and make 50K a month, and its not enough, gotta get to 100

[@mspro9032]

Lmao not enough? That's just greedy ​@Lebron612

[@PInk77W1]

Me High school dropout Laborer all my life. 62. Retired No debt at all. Home paid off. Money in the bank. $50k retirement income. Life is good.

[@Excalibur2]

Good man. I'm working and saving, hopefully I can say the same in 20-30 years.

[@vickieclark5931]

That's awesome. You are proof that a big income or having a high level of education doesn't mean too much. It's how you spent and saved all your life is how you are able to retire at a younger age.

[@darylyost7273]

Same here,no education ,hard work,own my home,cars and toys! Living large on a thousand a month! 😊😊😊

[@misterjoey3384]

Laborer until 62??? You're not human. I told my boys if I'm still doing that at the age of 60 just kill me. Hats off!

[@DarlinReal]

Darn, preach that! Shout it from the mountain top.

[@mikesmith-wk7vy]

Such a scary statement to have to say , “ hope social security is still around when I hit 67 and retire”. Hoping on government to save you is dangerous

[@evelyndaisy9722]

We pay into social security . It’s not a handout . I hope she gets it because she worked for it .

[@alexhanson449]

​@novakd1530a system with a large deficit will eventually topple

[@steelcastle5616]

How long do you think she paid into the system? Social security is owed to her because she paid into it.

[@Drillbitayler]

Social security will absolutely need to be stopped, or our dollar will collapse. It's evil that politicians stole/steal our money, and then spend it on other things, but thats what many have, and continue to vote for. I won't see a dime of the money the government has stolen from me so far. So better to stop the stealing sooner while we MIGHT still be able to recover our dollar (honestly, it's probably already too late) than wait until a complete collapse.

[@user-vi5vd3ty9d]

If they stopped social security, people would be marching in the streets. It won’t happen.

[@Susanhartman.]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[@mariaguerrero08]

One crucial aspect of earning profits from stocks is to avoid being frightened and selling them prematurely. It is vital to understand that stocks should not be treated as mere lottery tickets. Consider acquiring the assistance of a financial advisor to navigate your investments.

[@mikegarvey17]

I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@ThomasChai05]

@@mikegarvey17Mind if I ask you to point at how to reach this particular person assisting you? Seems you've figured it all out unlike the rest of us.

[@mikegarvey17]

'Gertrude Margaret Quinto' maintains an online presence. Just make a simple search for her name online.

[@diane.moore-]

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@juliahall4359]

“I want your husband afraid he’s gonna be sold next.” Killed me 🤣

[@diceportz7107]

This is my daughter at 61 because her friends know more than her Mom.

[@turtleanton6539]

Ofc🎉🎉🎉

[@goforbroke2]

There is MILLIONS of Americans in this same situation.

[@steelcastle5616]

Didn't know that so many people had tractors.

[@goforbroke2]

@@steelcastle5616 This guy..😂

[@steelcastle5616]

@@goforbroke2 LOL...

[@dungeonmaster6292]

Phuck the banks. It's their problem

[@JakeAkstins]

You remember all those people who partied and didn't take life seriously at all when they were young between 1980-2000. Assuming they didn't die, this they grew up and became this person. 0 sympathy.

[@livingunashamed4869]

This is scary! Start investing now guys!

[@fascination2525]

She needs to work until 72, not 67. Her husband is 75 (14 years older than she is) and in dreadful health. Her income is going to drop when she loses his SS disability check when he dies, assuming he dies first. What a mess, and it's all too common.

[@robertwalker5521]

COPD equals Chain Smoker 90% of the time.

[@BusArch42]

@@robertwalker5521yup. My mom had COPD and she smoked a lot when she was younger.

[@MikeBarbarossa]

You can get a lot done in 10 years. I'm 61 and most of my retirement nestt egg was made in the last 10

[@robinpigeon2070]

@@MikeBarbarossaI’ve been able to contribute 50% the last five years and luckily I had a pd off house so I will now have at least $400,000 in my savings plus an accelerated social security check. Almost all of this earned in the last ten years - and the funny part is I’m getting a new job that pays 30-40% more than my present one.

[@marilyndalen3197]

Hopefully he doesn’t die before she gets SS

[@SwagAli]

She seems like a sweet lady. I hope Dave's advice gets her on the right track to enjoy her golden years.

[@Kyle-ms2et]

Someone making over 60k in Arkansas should not be in this situation at any age.

[@durgan5668]

Medical bills might have added to that, that will drain you in a hurry.

[@Kyle-ms2et]

@@durgan5668 Yes, that could do it.

[@slimdude2011]

@@durgan5668 With her financial situation, she may be eligible for Medicaid, if she's not already getting it and if not, she should apply for it.

[@Jane-rh7tc]

@@durgan5668what's interesting is the husband is still not willing to give up the hunting life style even with all the health conditions 😂

[@WestchesterNYMilton]

I really like how Dave closed this segment by emphasizing that she shouldn't blame her background on why she's in this situation and instead think the opposite in a positive way. I've traveled to the South (Georgia and Tennesee) and man, I met people there who were the salt of the earth and lived wisely. Keep up the great content!

[@Cristobal8605]

This lady truly has no idea how much her 7 acres are worth. Bless her heart

[@nicomyth]

Sounds like they may be locked in with no road access (can't build) so could only be sold to an adjoining neighbor.

[@NicholasBall130]

My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.

[@StocksWolf752]

I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.

[@TylerJamestown]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@StacieBMui]

Mind if I ask you to recommend this particular coach you using their service?

[@TylerJamestown]

Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@lolitashaniel2342]

Thank you so much! This is exactly what I needed right now. I wrote her an email and am waiting for her reply. Hopefully, she responds soon. I plan to start the year on a strong financial note.

[@quiltanon]

Unfortunately, many people are not ready for retirement...and no money for an emergency. If you are young, i hope you are listening and make better choices.

[@ykook7000]

Been happening for years if you are bad with money you'll always be bad with money

[@quiltanon]

@@ykook7000 my life changed when I took FPU and followed the baby steps.

[@maximusdecimusmeridius5438]

Student loan since 1999 wtf 😳

[@lot2196]

Wow

[@XennialGuy]

Midlife crisis student loan.

[@dungeonmaster6292]

Shoulda went cash under the table years ago.

[@ensignmjs7058]

I know the feeling. 🤮 I'm in my forties.

[@lionheart93]

He prob qualifies for the forgiveness

[@dummgelauft]

The perfect consumer. ZERO self control. ZERO fiscal sense. Student loan at 61...unbelievable

[@harknowhere]

Doing better than my parents. My parents are 63, have been renters their entire lives, cashed out 401ks, in thousands of dollars of credit card debt, layaways, unemployed.

[@Dan16673]

wtf why?

[@harknowhere]

@@Dan16673 because that’s how they are

[@aquila1993]

Yikes

[@Dan16673]

@@harknowhere I hope you ran the other way

[@DylanJo123]

They expect you to provide for them, huh?

[@cyoohoos]

Nobody ….NOBODY…. Almost NOBODY reevaluates at 61 with a 70+ yo spouse. She wants a different outcome using the same actions

[@thegreatbamboozler4837]

True...she's gotten this far making excuses after excuse after excuse...

[@chosenlyric]

My mom’s Reevaluating at 76 with an 84 year old spouse 🤷🏽‍♂️

[@joesmith3590]

@@chosenlyricreally what is she changing that she has a choice about? Being broke and changing due to no money doesn’t count lol.

[@jeffrichey3623]

Yep, she is so not going to sell that tractor.

[@zsuzsuspetals]

exactly. I know a lot of people like this, sadly. And they usually don't change. If you've never planned for the future, starting to do it in your 60s is almost impossible. She needs a financial/life coach making her decisions for her. And who knows how many family members have tried and failed to get them to turn that Titanic around.

[@listerinr]

Man I can't even imagine being this lady. 61 and still don't have your stuff together?! Jeez man.

[@pep590]

Yes, her biggest break is she makes 67k a year. Usually they are like her and make 35k or unemployed.

[@rangequeen]

This is so sad, so many people in this situation. Wishing them the very best. 🙏🏻

[@georgewagner7787]

This is sad. I'm 61 and about to file for social security. I never earned much but I'm cheap.

[@Daffodils2Daisies]

I’m 32 and freaking out about in 30 years where I will be. I can’t imagine being 61 dealing with this.

[@nessparadis6948]

Same 😭

[@mertm.995]

Just move to Europe if you wanna avoid this American debt trap way of life

[@Daffodils2Daisies]

@@mertm.995 I totally would if I didn’t have family responsibilities here.

[@o0usf0o]

I’m 39 and I max out my 401k and Roth. These people give me a panic attack 😅

[@DRventura333]

agree. save whatever you can if you can. don't eat out. don't waste money on things you don't need. if you have kids, you don't have to buy them expensive toys. no one there to help except your own two hands.

[@MikeyFFA500]

This is what happens when you don't take care of your finances.

[@steelcastle5616]

And grow old doing it.

[@mikenelson8377]

Don’t be her 💀

[@voycodin5042]

Some people don’t have much of choice.

[@sinamen516]

Well obviously hence her calling

[@econ0003]

@@voycodin5042 she had a choice. She is buying $26,000 tractors and declining a 4% 401k match at work. Just bad decisions.

[@stacyh1223]

She needs to work as long as she can. If she can keep working until 80+, this may be her saving grace. Retiring at 67 is not an option as long as she is capable of working in any capacity.

[@summerforever6736]

who said she makes it to 80?

[@susannnico]

The greater the automated income you can build, the freer you will become. Taking the first step is the hardest, but 5 houses later living off automated income since July 6, 2016. You’ve got to start taking steps to achieve your goal.

[@lailaalfaddil7389]

What kind of investment would you advise? And what is the best way to follow it?

[@Mitzi73]

Sell that tractor. Sell the property and downsize to a small house. She doesn’t have a lot of options.

[@MrTmenzo]

Watch the video again goober her land is worth 5k which isn't much

[@CarnivoreStork]

@@MrTmenzo So she’s living in a teepee on her hunting land? Dave never asked her where she’s living. They have a house somewhere, But they need to downsize immediately, she will not be riding a tractor at 75 unless she’s insane. Elderly people need to get ready for Health crisis management.

[@alisatjaden3906]

Sounds like paid off land that's been in family for a long time. Farming is a lifestyle & it would kill them early to downsize & live in some small house. Maybe boarding horses could bring in some extra income. PS riding a tractor is Awesome!! My friend was regularly riding one at 83, me in my 70s

[@RalphieVII]

@@MrTmenzo I'm guessing she hasn't had the property appraised in 30+ years. The average price per acre in Arkansas is almost $16k. She's sitting on $100K+ in land

[@allisonautrey2136]

​@CarnivoreStork She lives in Little Rock, Arkansas and her land is worth way more than that.

[@nickelarcade6934]

Yeah. Pretty sad. My mom became perminantly disabled about 15 years ago. No retirement, no savings, and has to rely on government now. But when she was working and in better Health, bmw convertibles were a priority over building wealth. I’m not making that mistake !

[@EsiriE]

“Why do you have a tractor?!” 😂😂 sorry that was hilarious

[@101perspective]

A tractor out in the middle of nowhere is probably extremely helpful. That said, it's a luxury still... not absolutely vital.

[@eleonora6980]

"Im just a country girl." 😂

[@dannwhitehead6193]

When I was younger, I worked with a lot of people that said they did not contribute to the employer 401k. Either they said they needed every dime they made to live on, or that retirement was really far away. I hope they figured it out.

[@bunacat1]

Me too. I always encourage younger people to at least contribute what the employer matches. I make a big deal about it being free money and that always gives them a lightbulb moment lol.

[@pingupenguin2474]

​@@bunacat1yup, my work pension was conpulsory - it came off before I got my wages, but 30 years of it happenning means I now have enough to live off during my retirement.

[@goofygirl1311]

I remember people saying that they couldn't afford to save for retirement. Some that did save, wound up cashing out their 401Ks and paying heavy penalties. I do wonder how those folks are getting by now. The key is simple - put pretax money in your 401K, get your employer's match and don't touch it.

[@kensmith2796]

I used to work for a Big 4 accounting firm and there was a senior manager there that was not contributing to the 401k! You just never know what people's financial lives are like behind the scenes.

[@seannunemaker5492]

I’m doing just that right now, and opting to buy real estate instead. Pretty risky without a doubt, but I never liked the idea of waiting until I’m 62 to reap any benefits.

[@Erikkurilla01]

Finance and Business books have been so helpful. I’m 55 and my wife 50 we are both retired with over $3 million in net worth and no debts. Currently living smart and frugal with our money. No longer putting blames on FED for our misfortunes. Saving and investing lifestyle in the stock market made it possible for us this early, even till now we earn weekly.

[@jessicasquire]

You have done great for yourselves. I understand the fact that tomorrow isn't promised to anyone, but investing today is a hard thing to do for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.

[@Lemariecooper]

That is so amazing, I’m trying to get onto the housing ladder at 40. I wish at 55 I will be testifying to similar success.

[@jessicasquire]

Thanks so much I was able to find her page and I already leave her a message.

[@lakeishastone2777]

This is so amazing! Yall are still young and living a financial freedom life. I'm 35 and my husband is 39 we have been on Dave's plan since 2019 and I'm very proud of how we stuck to the plan. Plus we invest and have 401ks..We will be completely debt free once our home Is paid off. Can't wait to tell my story and see where we are In 20 yrs. This is so motivating. I wish we had started in our early 20s but 30s is better than never.

[@bobjames6622]

BOT

[@bclayton430]

Dave’s hard swallow at 5:52 when she said she’d been paying on her student loans since 1999 🤯

[@Amy-601]

People, stop judging. Her husband’s had surgeries. Medical bills cost. People go through shit in life. We don’t know what she’s been through. I love ❤️ that Dave didn’t judge her and said it was possible to turn it around. With God, her changed mindset, a little bit of luck 🍀and Dave’s methodologies, anything is possible. My 2 cents, Amy

[@lisab5904]

She never once mentioned having medical debt. Praying she makes drastic changes, pays off her debts in 2 years ($69k = beans & rice cooked 100 different ways), then continues to work until she's at least 70, investing/receiving 401k match!! She won't be a millionaire, but she'll be fine.

[@reader6690]

Well put. The fact that she has no savings could be due to: bills she didn't mention or simply life. Whenever someone says they have no money, we (including me), should not "assume" that the reason is foolish money management. Wages for millions of workers have been stagnant for decades. Add to that: an unexpected job loss or medical bills, and before you know it, you have nothing. That is REAL life.

[@jeffrichey3623]

It is healthy to judge others choices when determining what are the better choices available. If you're saying that we should not condemn someone, I agree. But, it is perfectly normal to judge, especially when someone puts their life out there to be analyzed and picked apart on a radio talk show. My judgement, no one should wait until this age to start thinking about retirement. And I guarantee those surgeries did not occur in their twenties or thirties, likely not their forties, either. They decided to not care until it was too late to not care, which is their right. We all have our personal freedoms, but those freedoms come with personal consequences.

[@kaelaleedaley]

Just to remind you dear Sister - there's no luck with God, it's purely His Will and our Obedience to Him

[@patty109109]

Rubbish. Call it like it is: this woman and her hubby lived paycheck to paycheck for decades and never applied the discipline they should have. She bought a tractor despite student debt from the 90’s.

[@skateata1]

This is like watching Hoarders. It makes me feel better about myself. Like, ok, I'm not that bad off right now.

[@gelliebeane6789]

Thank you Rachel for given her some hope, and letting her know its not impossible. It will take ALOT of discipline, but she and her husband can do it.

[@patty109109]

They can’t honestly. They are set in their ways and it’s just too late to pretend they are going to have an epiphany and a life change. It won’t happen.

[@natureshealing6534]

​@@patty109109yeah...can't never could do nothing! Pfft!

[@BX-Edenwald]

Vehicle debt is killer

[@steelcastle5616]

That tractor is what's killing them (and 23-year old student loan and personal loans). If the machine isn't producing food to eat and/or things to sell, it (and the other loans) is sucking them dry.

[@OGBACONYT]

Hi Dave & Team, Thanks for the incredible work you guys are doing for Financial Independence. I am Samir Kulkarni from India & Me & my Spouse have been following your Baby Steps since June 2020. Good News Is on Sep 01 2023 we have paid off our Home Loan & are Debt Free I owe Thanks from Moon to Back to Dave Ramsey off course your Insights for us are Better than we Deserve Gods Grace be with you & with Every Mankind....Amen

[@VerónicaMohamed-y9t]

I wish I had more time for experimentation, but I'll be 50 by June, and I'm looking for ideas and suggestions on what investments to acquire to set myself up for retirement, especially with the looming inflation; my goal is to have at least $5 million by the age of 65.

[@ImaneYadria]

I feel your pain, as I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $130k in passive diversified safe-haven assets, Up 200k so far and pretty sure I'm ready for whatever comes.

[@VerónicaMohamed-y9t]

So who is the advisor that tutored you? And how can I contact them, i'm in need of their skillset.

[@ImaneYadria]

Lisa Ann Moberly, is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@VerónicaMohamed-y9t]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@randymillhouse791]

The name drop is coming.

[@BernonCars]

$2000 car nowdays will cost an arm and a leg to keep it on the road though

[@lot2196]

Maybe. Maybe not.

[@jimroscovius]

No it won't. That's about what my daughter's car is worth and no problems.

[@DeportillegalAliens]

I would say 4 k civic

[@lisab5904]

Not if you buy a reliable brand...Honda, Toyota, etc.

[@chp19711971]

I feel bad for her. I have been so lucky all my life. I am 52, no debt, 2 mini vans been paid for and my house all paid off! Lots of money in the bank and in my house with hardly no bills. But I don't go out and spend on new cars or stupid things that I really don't need. I been retired since I was 43 with more than enough to last me the rest of my life. But the way I was raised was different than most far as investing and saving almost everything I made since I was like 12 or old enough to go to work. But it does make me sad to hear about stuff like her story.

[@Jane-rh7tc]

what do you do when you retire that early? ppl talking abt retiring early, but i find life very boring having nothing to do every day. Hobbies can only last so long(and most cost a lot of $$ that savings may not be enough to support when retiring that early)

[@la9863]

Girl stop lying.

[@R_Jon]

The only difference in my advice vs. Dave’s advice, and I’m one of his representatives, is that I would question the age of 67 for retirement. From my perspective, she has 0 years saved, so she has to work until she dies. Once she gets 1 year saved, she’ll have 1 year, etc. She has to do exactly what Dave suggested to get the debt gone, but I would push her to work as long as she physically can, or until her substantially older husband needs more care. The luxury of retiring at 67 is earned, and frankly, she hasn’t put anything away to be able to receive that benefit in life. It’s sad, but that’s the fact.

[@TonyCox1351]

Yup. People want to eat their cake and have it too…spend spend spend their whole life but still retire as soon as they’re able

[@vickieclark5931]

@@TonyCox1351 Yeah, that's why so many end up moving in with families or having to go back to work when they are in their 70s. They never should have retired in the 1st place cause they were far from ready. I would LOVE to retire. But I will not retire until my house is paid off and I have more funds in my retirement account.

[@simplyme922]

She needs to work to at least 72 so she can have working income and social security income for a couple of years to stacks chips.

[@Dividendflywheel]

Agree with your conclusion. Sad Painful reality of life. She MUST work as long as possible.

[@joesmith3590]

She doesn’t even have time to really count on investing to save her. She only has a few years she just need to save everything. Starting retirement savings at 61 kills the compound growth. She be lucky to keep up with inflation on savings.

[@kayn2756]

I hope she got a good life insurance policy on the husband.

[@alanbirkner1958]

We retired in 2002. I worked with people who routinely maxed out credit cards, ate in restaurants, and shopped. They drove new cars. We retired when our youngest graduated college. I am a cheapskate who talked my husband into saving money. Tina, Al's wife

[@GDuncan8002]

You two are so cheap, you share a free KZbin account.

[@MarkPreston-su7nq]

😂​@@GDuncan8002😂

[@supernova11711]

@@GDuncan8002😂😂😂

[@IsabellaJulialove]

The problem we have is because Most people always taught that " you only need a good job to become rich. These billionaires are operating on a whole other playbook that many don't even know exists.

[@TeresaGloria632]

It is remarkable how much long term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent.

[@JoseAaron-2]

The wisest thing that should be on everyone mind currently should be to invest in different streams of income that doesn't depend on government paycheck, especially with the current economic crisis around the world. This is still a time to invest in Stocks, Forex and Digital currencies.

[@EvelynGrace-gs3ze]

Many individuals report success in investing in stocks, forex, and cryptocurrency (Bitcoin), yet I continue to struggle. Can somebody help me out or advise me on what to do?

[@RogerTerry01]

Even with the appropriate method and assets, some investors will still outperform others. As an investor, you should already know that nothing surpasses experience, and that is final. Personally, I had to seek advice from a stock specialist, which allowed me to build my account by over $35k, extract my profit just before the correction, and now I'm purchasing again.

[@ElizabethBarbara4]

The greatest technique for beginners is to trade with the supervision of an expert.

[@sizweshongwe331]

This is sad, at 61 still owe student debt

[@ykook7000]

More like pathetic

[@pep590]

I wonder what degree it was for. Maybe that is why she is making 67k a year and not 35k.

[@YT4Me57]

She's just been paying the minimum every month.

[@kendrapratt2098]

His face when she was talking about the student loan from 1999😂 “Every deer in the area “🤣🤣🤣

[@moe4188]

I need to save this video 26 years from Now when it’s relatable to me

[@fauxbro1983]

or you can take steps today to ensure that doesn't happen

[@opheliamyall2554]

😅. Come on. You will use this as a reminder of what not to do. ❤❤

[@opheliamyall2554]

​@@fauxbro1983right

[@moe4188]

@@fauxbro1983 I understand jokes and sarcasm are hard to read, but come on

[@ShailynLMT]

Or....... just hear me out...... never be in this situation?

[@kayv94]

"I told you, Imma country girll" shows you how oblivious she is.

[@ykook7000]

She's playing on ignorance

[@margie909]

I'm glad Dave called her out on that.

[@christopherhoyt7195]

It's ridiculous and very telling how she got into this predicament. How did she graduate college saying, "I'm country?" That tells you something about the authenticity of a large swathe of so-called higher education. Dave always rails about overpaying for a car so you can impress at a stoplight. What about going six figures in the debt so you can wear a university sweatshirt in the grocery store? College is an infomercial with an attendance requirement. These people sabotaged your life with debt for a communication degree, and you're going to hang an ad for them around your neck? Fool!

[@lauracollins3451]

I'm spending it all so there's nothing to take!

[@georgeh.5126]

This video should go viral, like every young adult entering the workforce needs to see this. Because this global collapse might end up being a part of us for a very long time, we need to be prepared. With inflation currently at about 9%, my current primary concern is how to maximize my savings/retirement fund of about $810k which has been sitting duck since forever with zero to no gains.

[@aureliobjm]

I'd advice you read up some good books on investing, or just you get yourself a financiaI-advsor that can provide you with entry and exit points on the shares/ETF you focus on.

[@tommyers0]

@aureliobjm I agree, having a portfoIio-advisor for investing is genius! Not long ago amidst the pandemic crash in March 2020, I was really having investing nightmare prior touching base with a license portfolio-advisor. In a nutshell, i've accrued over $550k with the help of my advisor from an initial $120k investment thus far.

[@tommyers0]

@bezosjesss The adviser that guides me is HEATHER LEE LARIONI. She works with Empower FinanciaI services near my old office so I see her often to discuss my business. There are a lot of independent advisors you might look into. But for me, her strategy works hence my result. She provides entry and exit point for the securities I focus on

[@bobdole870]

For anyone reading this, this comment thread is a SCAM 🚨🚨🚨 do not contact this person unless you want to get money stolen from you.

[@musicman7297]

The younger generations need their expensive cellphones, coffees, energy drinks, sneakers , eat out a lot , vaps ,pot and they don't really like to work. So in about 20 years there will be a major problem.

[@Gypsy2057]

Oh man, I wanted a tractor to till gardens so I bought a 76' Kubota L225. It's old, ugly and bent up but runs great and cost me $2,300. That was the way to go as I've been following Dave Ramsey's advice as much as I can. It works. I have to hand it to Dave, he's the best for just figuring out what someone can do to figure out how to get out of a hole. She'll be OK if she puts the company match into a 401(K) until 70. Because it's before tax it won't hardly be noticeable. Then she will have a much larger SS payment also.

[@tcshy1903]

Social Security pays very little! This would be my worst nightmare! It's on us to be debt free and have some money saved for retirement. Buying expensive cars and tractors is insane! And when one spouse dies and there's no savings it's rough. I've seen elderly widowed people barely scrape by.

[@PInk77W1]

Me 62. Just started receiving SS. $1712 a month take home. I’m Happy

[@debragiovine9797]

If you made little income in your life time,,, your going to get a small SS check… The average SS is 1800.00 a month,,, look it up…

[@georgewagner7787]

Take home? Please don't tell me they tax it. Iwas just doing a budget based on what they said i get...

[@BusArch42]

@@georgewagner7787SS is taxed over a threshold amount.

[@bunacat1]

@@georgewagner7787 It depends on what your income is for the Federal Government. If you are below a certain threshold, you won't pay taxes on it. Several states also tax on SS depending on your age when you start taking your payments or what your income level is.

[@michaelcarter266]

The pattern in her life that lead to this was taking on debt and keeping it around with no worries.

[@garycraig9636]

I think Rachel was praying for this lady because she was so quiet for awhile. Hope this lady gets this debt paid off. ☺️

[@lifestream4191]

It has to be land-locked with no right-of-way or something crazy like that. I live near Little Rock and I can assure you there's NO 7-acre land value less than $4,000-$5000 per acre. Unless it's in a flood zone, or on top of crazy hill. Land like that, with utilities, would bring a premium.

[@penguin12902]

Yeah, the only way is if it's in between other private land with no legal access. Hell I would still probably buy it for that with the hopes that I could sell it to whoever buys one of the neighboring plots someday in the future to allow them to expand their land. He should have asked how much her HOUSE was worth...not the "extra land".

[@kendrickb.9043]

One of my good friends and I talk all the time about our spending habits in the US. We both make really good money, and we see folks spending exponentially more on eating out, etc. We’ve got to tighten up y’all.

[@BusArch42]

Eating out is the destroying of your budget and health. I have some good friends who are generally pretty frugal people. Their only real indulgence is eating out. They have eaten from the day they started working after college. Every meal. They buy lunch and dinner out and bring leftovers home to eat for breakfast. We in contrast pack our lunches and make food at home. She is also a SHM since their first kid was born while both of us work while juggling home and kids. We are now almost 60 and it’s caught up with them. He is so tired and would like to retire soon. We are in solid financial shape, debt free with 4 M in assets. They still have a mortgage and only saved the 4% match in 401k instead maxing it out. Their health has also suffered. He is very overweight and she is stage 2 obese. Her joints are giving out and she can only walk about 1/4 mile. She developed diabetes by age 50. We are both healthy weight and green A1C. The big delta in our lifestyles in eating out. Sure it’s nice that I am FT now but I was PT for many years to take care of the kids and we had to pay for childcare. So our incomes weren’t that different. If they had eaten at home for the last 30 years they could have put 15% aside instead of 4%.

[@musicman7297]

People waste money more and more.

[@adamseidel9780]

Yes. You should absolutely take the 100% return on money match rather than walk away from $2,700 a year

[@tomstyles3280]

Sad to see how many many people are drowning in debt. I have to get my ass in gear too buddy.

[@jamescurrent8794]

Why do I have a feeling she will be in the same boat 5 years from now?

[@steelcastle5616]

I'd definitely make room in the budget for life insurance on the husband.

[@CarlaQuattlebaum]

@@steelcastle5616 Hopefully he already has life insurance. Gonna be tough if she's just now getting it with his COPD and emphysema.

[@PaulVanTiem]

She’ll be in the same tractor*

[@Theegoaat]

@@steelcastle5616he's uninsurable at this point in his life.

[@steelcastle5616]

@@Theegoaat Good point...

[@Spam387]

it makes absolutely no sense to not invest the 4% in company match 401K, its an instant double on 4% of your income...Dave has lots of good advice but sometimes misses the finer points

[@ChynaDoll84]

I like how Dave says they are in emergency mode 😂... like all of a sudden he has panicked because she's in her 60s and no retirement funds. Newsflash Dave...there are many people in this same position. Please have more episodes like this with real down the earth families that have low income and no retirement.

[@amireallythatgrumpy6508]

There is no reason people are in that situation other than a lifetime of stupidity.

[@zacharychubbuck6413]

My first job out of college was working for a 401(k) servicer and the amount of accounts I would see from retirement age people that only had a couple thousand in there was alarming. It was a really good lesson to learn secondhand on how important it is to start saving early and to NOT TOUCH your retirement and just let it ride and accumulate over time. I feel sorry for people in this position but it's your own responsibility to protect your assets and plan for your future.

[@williammartinez840]

Some people do not get a financial education til late in life don't look down on them.

[@neptunedawn7121]

I started saving for retirement when I was 38. However, I went to nursing school and I was forced to live on my IRA as I spent SIX years trying to launch a nursing career. I have accepted that I will be working until I am unable to.

[@kensmith2796]

You are correct. I used to work for a Big 4 accounting firm and there was a senior manager that wasn't contributing to the 401k! This was someone who was probably making 180k/year.

[@gilloera8912]

You have no money but you're alive!

[@wingberry123]

One of my fears is to be old and broke. Who knows what would happen. The thought of it scares me.

[@RyanContreras72]

I began my investment journey at the age of 33, primarily through hard work and dedication. I am to share that my passive income exceeded $100k in a single month for the first time. This success reinforces the importance of the advice mentioned earlier. It is not about achieving quick wealth, but rather ensuring long-term financial prosperity..

[@philipcollen482]

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

[@brittanynicolette9473]

This is superb! Information, as a noob it gets quite to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor?

[@RyanContreras72]

Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $500k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.

[@KatherineAnderson-lm8bw]

wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.

[@blessingpaul5484]

Do you mind sharing info on the adviser who assisted you? I’m 40 now and would love to grow my stock portfolio and plan my retirement.

[@jayfilm3023]

I love watching them scribble down as fast as they can, the numbers the caller gives them

[@hooglieable]

That is scary, even more than the young people who call in with high 6 figure debts. They have time to fix it.

[@CrabbyE8]

They should have asked more about her retirement plan and the 4% match. Since she’s 61, the question should be, “can you access your retirement plan now?” If so, she should do the match and withdraw the money and get out of debt quicker. Her employer would be giving Her an extra $2,680/year and that’s free money. Remember, once you’re over 59 1/2, you can withdraw money with no penalty. Just talk to your plan administrator. 😊

[@jacobmonti453]

That’s a good idea. Except they would never say to take out of retirement before retirement.

[@motoman869]

Keep the land! Sell the tractor. I bought mine for 1800. Cleaned the carb and now its worth 4500. Will do everything yours does. Sell that tractor.

[@doggroomer3286]

I'm 60 and I've been listening to David Ramsey for more than 30 years. in these years I was a single mom without help. I never married till I was 56 and was in line of having my home paid off within 2 years. I have surpassed my goal savings for retirement, and am still running my small dog grooming Salon. I've never had credit cards and saved up 20% for my home against the advice of 3 banks. My Dad told me about David Ramsey years ago, and even though my Dad has passed...I'm still on the Ramsey journey with my Dad! Thank-you to the Ramsey crew! I listen to all of you while I'm at work!

[@JAF1323]

Something tells me that she won’t change. Maybe she will. Her situation isn’t entirely hopeless; there’s still hope for her.

[@garychristison763]

Conversations with people in a bad financial situation usually follow the same script. I can't (do this, fill in) because (fill in) I call them can't because people

[@steelcastle5616]

I decided to take Social Security ASAP even though I don't need it! With the uncertainty of life span and the program's future, at least I'm able to be assured of getting some benefit from the system.

[@augustalexander2647]

Take every penny from your corrupt ass govt gorl

[@GodisGreatt]

If you don’t mind me asking…how old are you? Do you have to pay taxes on it? Can you still work and get paid without thresholds?

[@carlaritchie331]

If working brings more income home, early retirement would not be smart in a case when there is no savings and still a huge burden of debts.

[@steelcastle5616]

@@GodisGreatt no problem...64, no taxes are paid on it as long as I don't EARN more than $21,240 per year. After that, for every $2 I earn, they'll reduce my SS by $1.

[@steelcastle5616]

@@carlaritchie331 I've heard that position. And if you want the math answer, then the accumulation of money is a logical focus. I chose to focus on quality of life over accumulation of funds. As I've grown older, I decided to travel to see relatives and friends (and places) before they pass away or get too old to remember me. I've missed out on several opportunities because of deaths and diminishing mental states of the people who have meant a lot to me in life. My pension and savings are enough for me to do this w/o SS. I see no reason to forgo an assured 70% of my FRA at 62 and bank on getting 30% or more years later due to an uncertain future (my death, benefit reductions, etc).

[@DorathyJoy]

So much knowledge! Absolutely free! I was never taught anything about money, I am praying and working to change that. I am 46 no retirement no savings because I made a lot of mistakes when I started investing, trying to correct that now. Already have a few thousand$ saved up to invest for long term. I would like to know what advice you could give to start my investing journey. Listening to you gives me inspiration and wisdom. Thank you so much!

[@nicolasbenson009]

Well, I recommend you make a diversification plan because it's been harder to build a good financial portfolio since COVID. My colleague suggested I hire an advisor. I did and I've actually made over $926K with my advisor's help during this market crash. She uses defensive strategies to protect my portfolio and make profits despite the ups and downs.

[@nicolasbenson009]

Sure. There are a lot of independent advisors you might look into. But I only work with ‘Margaret Johnson Arndt’. and we have been working together for nearly four years. She has since provided entry and exit points on the securities I concentrate on. She's well-grounded and known, shouldn't be a hassle finding her page.

[@SandraDave.]

Thanks a lot for sharing man, I just looked ‘Margaret Johnson Arndt’ up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

[@TripSoul10]

My dad is about to be 61. He works a nice job past number of years despite him declaring bankruptcy years ago due to job layoff at time. He & my stepmom I like to see be in nice comfortable retirement in a few years.

[@eliza_kai]

This is the heart of the good ol U S of A. This is very sad but so real. I’m glad she found your show and can get going some.

[@cherylpeterson1]

Adjust your sails!!!!! You’ll have to face reality, change & adapt!!!

[@livingunashamed4869]

Ain't no way she reaching 200k in 6yrs starting from zero lol. More like 100k.

[@mannyjeanpierre4062]

You can currently max out all investment accounts to 30k a year. 30 x 6 is 180 not including growth and match. She could do it but yeah it ain't happening based off her tone lol

[@ghjong001]

Their property is paid for, and their household income is probably in the 50k range after taxes. Once they clear the debt, if they don't have any major medical expenses, and if she's still earning the same salary, and if they cut their expenses down to the minimum, saving 25k per year should be in reach... But that is a lot of "if's".

[@patriciajoyner9871]

I don't see how you can have 200,000. In 7 years

[@jaysleeper264]

*Starting from -70k

[@kiranrao4375]

Please consider putting numbers on screen for all calls

[@workinonit9562]

This is very sad, no financial literacy at this age.

[@ykook7000]

Too far gone now won't pull it back anytime soon

[@unpredictable913]

Never too late, you are right!

[@markburnham7512]

I'll say this; Ramsey has an infinite group of people who have messed up their financial lives and NEED his help.

[@kvgolfa]

How do people live for 60 years and have no concept of saving money unless they happen to "discover" Ramsey. Insane

[@SwimSweetie100]

This is terrifying

[@suzieparis6821]

Im $4500 in debt with credit cards n im working to get rid of that but those high numbers are crazy

[@taylamayde]

1:51 I use the tracker!!!(sternly).... Not anymore lol

[@vikker8274]

There ARE people that have worked in industry/mines, and God bless. But as a former realtor, when I hear emphysema/copd it was almost ALWAYS from smoking. Neighbor said he needed prayer for his chemo. Two days later he’s out on his front porch smoking.

[@rethinkcps2116]

Harsh. True -

[@happylife7542]

She is the perfect example why I listen to this show. Even thought I don’t 100 agree their methods after step 3 lol. Such as 15 % investment isn’t enough and such… or can’t use a credit card .

[@JasonGroom]

I agree, 15% is not enough, and $1000 is not enough for a starter emergency fund. It should be at least 1 month of expenses, preferably 2 months if you are older, or younger with kids.

[@lacoradancy6329]

They are called baby steps for a reason. You could definitely do more depending on your detailed situation. Just don’t do any less that .15 after baby step 3

[@happylife7542]

@@lacoradancy6329 haha we know . We are self made at the age of 40 not counting home equity. Kids 529 since they had their social security number. Just saying I am listening to the show not because I follow his method And his teach isn’t the only way to get folks to reach their financial goals.

[@shawnhicks619]

I don’t really know Dave ramseys steps, I just started watching his videos, but here is what I have been doing for at least a decade. We have 20k in a separate savings as an emergency fund, we invest 15-20k a year in both our IRA accounts and our standard investment account. However we DO use credit cards, we each have one, for our regular purchases but pay the balance every month. The day we get the bill we write a check and put it back in the mail. We also take advantage of special 0% financing offers on our cards for buying vacations or big ticket items like replacement refrigerator ect. We then use the points on Amazon for purchases as both our cards have the ability to use the points on Amazon. We absolutely do not carry credit card debt outside the special financing window. We also only have 1 loan for a car, the others are paid for, and it will be paid off in about 2 more years or in half the notes term. We also are planning to stuff more into our investment account after 2 of our kids graduate. I hope to retire at 63, and want to make sure I have plenty in both my IRA and investment account so that I won’t have to take social security until 67. Not sure what I’ll have for sure but it looks like I’ll be able to draw about 48k before paying taxes if I stay where I’m at in my investments, which I won’t because we will be putting more in, so I hope I’ll be fine. I’ll just wait and see.

[@bunacat1]

@@JasonGroom I agree on the 15%, if you want to retire early, you need to be saving/investing more. Since Dave's thing is getting out of debt, I see why he only wants a starter emergency fund, because he wants to pay everything off as soon as possible. I think that once they save the 1K, they should start paying off debts but still put maybe $50 into the emergency fund every month. I also don't agree with not having credit cards. They can be great if you are disciplined enough to pay them off every month. I try not to use my debit card as it is harder to get your money back if there is fraud. You have to fight the bank if you don't notice it right away. This is why I check my accounts every few days as well.