“Suck It Up, Buttercup!”

[@DanielFujentu]

This is a great example of how one's life can turn 180°. The guy had no debt, making a regular salary, and decided to get a house probably because he felt ashamed he didn't have one or "needed" one. People, please dont let your ego lead you to unwise decisions. Partners, be supportive. If it is going to take 3 more years of saving to move to a new house, so be it. Rather that than something goes wrong and now you are looking at 10 years of suffering just to get back to where you were.

[@lizh4933]

Does no one ever buy a townhouse now? Remember when the first thing you purchased was a "starter" home?

[@reese85]

His biggest issue is having a stay at home wife only making $70k, while having multiple kids

[@reese85]

@lizh4933 maybe it’s just me but I refer to my townhouse as a house and it costing me 450k

[@daveavemian5940]

Buying a house will never be affordable for average people anymore. With insane rates and the way prices are going up 20k a year, house prices will go up faster than anybody can save unless they make 180k+ a year

[@TimeMachine7773]

It's called a mobile home. That's today's starter.

[@Daily_Walk_]

I can’t breathe listening to this.. great piece of advice: “IF YOU’RE IN A HOLE, STOP DIGGING”

[@shirlot]

"We'll dig our way out." "Dig up you idiot."

[@LewisTheFly888]

Fan bloody tastic advice

[@PinkMama-b7b]

If that made your nervous i won't even tell you 1/20th of my situation. This dude has no debt but a house. He's literally fine.

[@kleindropper]

"I just overpaid on a house and have a baby on the way. I think I'll change jobs and move".

[@jeremiahsmith450]

All before I sell this underwater house 😆

[@ryand7713]

And not a job you'll make 1.5x , a lateral/none increase.

[@fleetofwjs1893]

What could possibly go wrong?

[@Rickyy_f]

The original problem was to easy. dude wanted to make it harder than it was.

[@Nite_coder]

A job that makes the same or less 😂

[@crystaltaylor1633]

At least he called the show for advice which is a step in the right direction. Prayers up for this young family

[@brain208]

You r right! I wished he had called before he dug this hole

[@LewisTheFly888]

Yes. He phoned which is showing he knows it’s all stuffed up and he wants a solution. Getting another job is his only way out of this. I call it Stiff Shit Syndrome. SS syndrome. Now you just gotta do what you just gotta do. And get on with it

[@janicewolk6492]

Well, good luck on the prayers. And mortgage companies approved liar loans in 2008 that taxpayers paid for. So they assume they won't lose money. All this guy can do is make babies.

[@KoalaB354]

Totally agree. Be smart and get it sorted!

[@msjoby89]

Ted, I’m praying for you. Learn from your mistakes and move forward. Your wife and babies are counting on you. You got this.

[@linak7155]

🙏 ❤

[@nadayounger5006]

🙏🙏🙏❤

[@treylem3]

A huge part of DR podcast is to educate others about what not to do. We learned alot here. I hope he can bare down and get in front of this. God bless this family, all families and for helping us to be good stewards.

[@helengrehan9730]

So nicely said.

[@andylindsayvlog]

Maybe beg his company to let him keep his old job. It can't hurt.

[@olene184]

eeeeexactly ask to extend the stay until the house is sold

[@lagrega]

Or do a George Costanza and just show up back to work like he never quit😊

[@helengrehan9730]

😂

[@Judy-c3d]

All they can say is no. Did you ever see that guy who has a rejection therapy KZbin channel? He had a traumatic childhood experience and was afraid of rejection his whole life so he did 100 days challenge of asking people for ridiculous things hoping for a no. He videoed it all. He got so many people saying yes it was fascinating. He went viral when he asked a Kristy Kreme employee for donuts shaped like the Olympic rings and she did it. So I did the challenge. I asked for absurd things and didn’t get any no. It was ludicrous. I was hoping to cure my rejection complex but nobody said no. But it restored my faith in humanity.

[@GreenGiant873]

​@@lagrega😅😅😅

[@marthacalkins8054]

Never have I heard a better illustration of “Hope is not a strategy.”

[@1Mchesky]

Getting a college degree is a better example of "hope"

[@marcuswashington461]

Who approved this guy for a loan of 366k making 71k..that math definitely aint mathing!!!

[@cutehumor]

Who cares the agent got their commission. The banks aren’t your friend. Same goes for car dealers finance managers

[@heavy_peace8872]

This is why the bankers should have gone to jail for the 2008 crash instead of bailing them out and letting people lose homes. They're just doing it all over again to people like this guy who let himself get trapped in the gotta-have-it net;

[@Dan16673]

doesnt matter. loan will be bundled with other dumb a** loans

[@francosantoro1986]

Kamala harris😂😂

[@DB2SAUCY]

I think his wife has income as well he keeps saying WE

[@hieunguyen4100]

This has to the most absurd decision making I have ever heard of. Trying to sell a house that he couldn't afford, quitting his job to move to another state that is even more difficult to buy/rent, with 2 kids and a 3rd on the way. Holy cow, this guy is beyond bold.

[@marciariley7373]

And he's moving to Colorado.. yuck

[@kablechrist]

@@marciariley7373 Nevada

[@RaymondDawson-v2w]

Yes, he's STUPID!

[@benjaminfitzgerald7011]

​@@marciariley7373 Nevada

[@waldog38]

GOOD LORD!. Listening to some viewers on this program makes me feel like a scholar!!

[@princesslamour1985]

😂😂😂😂 I could work at NASA!!!

[@See_Torres]

Guys, I went through literally the same thing last year. 3-contracts and all fell through! Baby was on the way, job was 30 miles away from home, quit a good job. Had to humble myself and focus on the family. Thank God my house didn’t sell.

[@ScottishTerrorsInLA]

For all the regular minded people out there who have been outbid by people waiving inspection for the past 3 years, this is the person (and others like him) that were getting the house you wanted and could afford.

[@dudewhathappenedtomycountr9099]

Beyond infuriating

[@studleyjb3172]

On the bright side, the people who waived inspection will get screwed down the line.

[@nicokl5593]

I could not believe how many people were willing to waive inspections in 2021 through 2023, insanity. Waiting on a long line to see a house, bidding wars amongst 20 other people and waiving inspections on top of that is absolutely crazy. Houses still haven’t gone down in price since. Outrageous.

[@EmilGhiurau]

That’s us! 😢

[@starspaceschool587]

I overbid for my house 3 years ago and it’s up 25% today compared to when I overbid it.

[@GraceAmber369]

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.

[@Russelbobby45]

Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

[@MasonRoy822]

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.

[@HannahMegan-uf3sh]

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.

[@LouiseGeier90]

Many individuals report success in investing in stocks,fx, yet I continue to struggle.Can somebody help me out or advise me on what to do?

[@DuttonKayce-]

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

[@anthonykence9954]

The problem with our society we buy things we cant afford and it creates such problems down the road

[@rometimed1382]

We also, oddly, refuse to teach children how to budget and how the systems around them work.

[@adamwade4764]

problem is everybody is house crazy- everyone thinks you have to buy a house (you probably can't afford)

[@starspaceschool587]

Buying a house isn’t the problem, buying a house 2X bigger than yo can afford is.

[@heathergray9195]

And have kids they can't afford.

[@starspaceschool587]

@@heathergray9195 The idea that you can't afford kids is pretty non-sensical. The poorest people today still live in absurd luxury compared to the people 1,000 years ago and nobody said they couldn't afford kids.

[@banditone7896]

Did we just gloss over the fact that he was supposed to be at the new job in July and didn't show up? Does he even still have that job? He may be unemployed at this point.

[@Marthastewart209.]

It's a lateral move. Probably an office job. I suppose his is showing up to his old office and working remotely. Assume he still has a job, management is probably annoyed right now. But he is still working an old job, or working a new job remotely

[@_CPerk]

Starting the new job on thin ice

[@random-nz7dy]

Right haha. This dude is like watching train wreck

[@Saavys]

@@_CPerk😂 yikes 😬

[@robertthomas9564]

It's worse! We're forgetting the 5%-6% realtor commission. That puts him another $20k in the hole.

[@gessrinky9129]

He’s never gonna get what they owe. Selling a house quickly after moving in more often than not says “I’m desperate to move, lowball me” He’s toast

[@ccjdis]

"The situation at work was not what i was expecting it to be." So, let's leap first and look later.

[@Nardaa-ox3be]

The situation at home can’t be great either with the stress of money and moving cross country while pregnant. Ouch!

[@Outofphocus937]

My situation at work was not what I was expecting it to be either, and I've been there for 14 years. One of my buddies asked why I don't look for another job and I said because I just bought a house and my wife is going back to school for her Masters, so I need to make sure that we maintain the status quo for a while until my wife is done with school and we have some equity in our house. You know, things normal adults do.

[@natashac.2038]

@kylerasmusson4180 too much common sense in your comment. Lots of ppl just don't want to adult

[@wmurphy632]

Back in 2014 I was making about $65k and when I bought my first house I refused to go above 150k on a house. The bank allowed me 168 and said call them back if I needed more. I bought a house at 150. I can’t wrap my mind around buying a house at 366k on 70k income! How did the mortgage company allow that?????

[@MrMpwood12]

His wife might’ve been working at the time. But another thing that makes it worse is the interest rates are significantly higher than in 2014.

[@annaelisavettavonnedozza9607]

Bc you have a working brain 😂

[@macpduff2119]

They do it because they know most people will fall into arrears, and the bank gets a house

[@CharlesMyers-b5q]

Because they make money on every loan they approve. Further they just got a fish to do all the work for a property that they knew they were going to repo and they sell the mortgage to another lender and walk away more money. I know it's weird and doesn't seem to make any sense. To put it plainly the mortgage companies are playing a dangerous game of "physics" while the borrowers are playing simple math. What happens is a high rate of repossession That destabilizes the entire economy. Happen in the 1920's, 1980's and most recently the 2000's. We're heading back to that place again! Listening to these folks makes me think I'm a financial genius. I just got to say when that happens we're in serious trouble folks.

[@nikk3251]

This lady with Dave is super-smart 👏👏

[@helengrehan9730]

She is super good 👍

[@cathycarty9918]

Jade!❤

[@carolines3953]

This kind of happened to my husband. I was due with a baby. Hubby’s work was so toxic (like chairs being thrown across the board room toxic). He was desperate to get out. I did all I could to help him look for jobs (did all his job apps and edited resume for key word searches, helped him prep for interviews, cheered him on, etc) but I felt helpless. But man, it was rough. It was so stressful. He couldn’t quit as sole bread winner and we needed the health insurance for baby’s birth. Thankfully he got a new job just before baby came. So he took a little break between jobs for her arrival and started at a new company, which was night and day different. Thankfully we didn’t have a house to sell or move to make. But I understand the stress a bad job can cause. I wouldn’t wish a toxic work environment on anyway. It’s horrible.

[@bigcahuna42366]

Buying a $366K house on a $71K income is kind of stupid if you ask me

[@elizabethallen4353]

👏🏻👏🏻👏🏻👏🏻

[@kbanghart]

My wife and I are looking to get a mortgage of 200k max and we're scared about that, even with 2 incomes.

[@franciskeys9810]

@@kbanghart You're doing it right. Trying to skip the starter home seems to be a common mistake these days.

[@jarodarmstrong509]

We make way more and spent only a bit more than that on our house and it's still 40% of our income lol. Don't know how he's breathing then on top of that they get pregnant. Whew

[@TheChiefPettyOfficer]

​@@jarodarmstrong509 When I see the way some people live their lives. Idk whether to commend their bravery or be amazed at the lack of planning

[@Bamapride1985]

2809 monthly payment while making 71k annually gross.... How is that even possible to get approved on??

[@blackrose608]

Right?

[@LordScrambles]

My gut tells me that the wife probably had an income at the time, but decided to stop working once the deal was signed. Only way I can see it playing out.

[@JustinCase780]

This guy was so hoping for Dave to tell him to just move and dump the house.

[@eggsinsideme]

He can and should. North Carolina is a non-recourse mortgage state. He can walk away and wash his hands of it. Bank can’t collect a dime from him.

[@hondacar1510]

@@eggsinsideme I didn't know that. Thanks for the info.

[@whatsup848]

​@@eggsinsideme Exactly why people treat debt the way they do. Just walk away.

[@NancyJohnson-kq2rf]

Do a deed in lieu.

[@Artbynbru]

@@eggsinsideme😮

[@Dana-p1o6o]

Does anyone remember the "Great Recession?" People buying homes they couldn't afford and mortgage lenders enabling this insanity. It's true, we tend not to learn from history. So sad snd so scary.

[@BusArch42]

Yup.

[@LeighaButler]

Not that long ago ppl!

[@giftedchild9490]

Exactly what iss happening

[@AlexDiazVideo]

I don't understand why the answer wasn't to keep the house, drop the Nevada job, get literally any job where he lives to put food on the table, not pay the mortgage he wasn't gonna pay moving to Nevada anyways, and keep applying to get hired a comparable job to the previous job in the area of the house, and try and catch up on missed payments.

[@dlogs9778]

I was thinking the same thing. If he did that, he'd only have to find a new job. That's manageable.

[@LOUBAT1]

Exactly.

[@AnthonyMcNeil]

Honestly, he really wasn't thinking clearly. That makes the most sense. Stick the job out, work something else and try to get out of the house. The worst thing he could have done was make a lateral move. He compounded one bad decision with another. It seems like he sees his mistakes. Hopefully he can recover.

[@JoshuaHarper]

This is the answer.

[@MyName123.]

Answer: because he's desperate to move & has proven he will do anything to make that happen

[@Zoso0125]

It’s incredible how so many people can’t think even 1 step ahead of their current situation. They just pull the trigger. Guy has 2 boys and a 3rd on the way for f$&@s sake 🤦🏼‍♂️

[@markg999]

How alot of the middle and lower class operates. Little thought more than a week or so in advance...unless it's for a vacation.

[@ysesq]

how poor people stay poor 101

[@JB-fq9dp]

And only making 71k a year. Yes, WTF.....

[@dr_pinna543]

You have to remember not everyone has the same intelligence, wisdom, and emotional stability to make the best decisions in a given situation.

[@KathleenMcNe]

47% of his $71,000 (gross) salary is spent on mortgage payments and he'll soon be supporting five people? Yikes.

[@Woofreestyle]

I make 150k a year and bought a 200k house. I don’t get some people. I guess they just like being broke.

[@themurderbotfeed7688]

Where do u live that housing is that cheap? The only thing anywhere near that price in my general area (50 min commute outskirt area included) is 250k for a trailer, average house price is 650k. Not saying what caller did is smart, it was dumb af, but real state market is crazy some places

[@Woofreestyle]

@@themurderbotfeed7688 Fortunately I live in Cleveland, Ohio. The only places where the housing is ridiculously high is by Cleveland Clinic, Downtown and by the Lake. I was fortunate enough to find a nice home near the hospital because a Nurse had to move out of town for her career. I find a lot of people buy more house than they can afford. If you can’t afford the homes in your area it might be best to move. People have to accept they can’t afford to live where they want to sometimes.

[@bigbadjohn7053]

@@themurderbotfeed7688 Not sure where the other commenter lives, but I live in Texas and here you can buy an older bricked home for $200k to $250 between 1200 and 1600 sq ft. I'll admit, I live in the west side of the state where it is cheaper than the east side, but I don't live in the country either.

[@chrisdavisunofficial]

​@@themurderbotfeed7688 I'm in SC and I bought a 3br/2ba with an unfinished basement for $211k earlier this year. That said, good jobs in my area aren't exactly common. I'm extremely thankful for my situation.

[@swadewest4991]

@@bigbadjohn7053 sounds like Lubbock lol

[@carolr7823]

They obviously couldn't afford that house. And the wife needs to get a job even if it running a daycare in her house a few months after the baby is born. They cannot afford to have her not working.

[@1tommyday]

Can't just " run a daycare". So many legal hoops and expenses. She could babysit though. As if she doesn't have enough to do.

[@MyMovie5858]

With 3 young kids, unless she can land a high paying job, a "normal" job probably won't pay her enough to offset the childcare cost. She has not worked for a while, so she will likely have to find ways to make money while being a stay-at-home mom.

[@BusArch42]

@@1tommydayyou can usually watch one families kids without a license

[@montymython754]

That’s not a “daycare”, that’s being a nanny inside your own home. Speaking as a working parent who employs a nanny, I would never choose to send my children to someone else’s home if they were unlicensed, uninsured, and inexperienced (having your own kids does not make you experienced in generalized childcare). Especially if that person also had three of their own very young children to look after.

[@mikesawyer4707]

OMG!!! What was this guy thinking. We can all become overwhelmed, but we must stick it out to save or financial security. Not only for ourselves, but for our family security. God bless them going forward.

[@HairyTornado]

I’m just curious how this guy even got approved for that mortgage to begin with.

[@DDDD-of3hv]

lender saw gurantee failure and reposession???? foreclosure for sure? sucker? prime example of our failed indoctrinational systems???

[@jamiemollohan1527]

I have found lenders will approve you for more than you can actually afford because they do not take into account your other expenses ie gas, groceries, entertainment etc.

[@maryjane-vx4dd]

​@@jamiemollohan1527entertainment??? This family doesn't even have room to breathe. Their entertainment is charades

[@jimroscovius]

When we were looking for our first house, the bank said we could afford a certain amount. We looked, didn't want to be house poor, and said no way. We just waited longer.

[@jamiemollohan1527]

@@maryjane-vx4dd I agree. It was his responsibility to crunch some numbers which he clearly did not do

[@TheKingsOutpost]

Wow, this guy went from having everything to nothing in less then 6 months. People who are not satisfied or content with their life, amazing!

[@jotilted77]

All the judgemental comments are really confusing to me. These callers know they've made financial mistakes, that's the primary reason they've engaged with Ramsey. It takes a lot to admit you've messed up, and real courage to do so publically. Everyone messes up, let's appreciate we can all learn from his errors and be hopeful we never have to call in ourselves.

[@voidfroze]

This channel has an awful comment section, it’s always like this. No matter how humble or broken the people who call in are, they always get SHREDDED in the comments :(

[@johncameron4194]

He doesn’t sound that worried

[@joesmith3590]

@@voidfroze this channel Is quite nice to those that deserve it. Everyone who is in debt most of them don’t deserve a lot of sympathy. It is their fault and they don’t learn anything and want someone else to pay and want a shortcut. If this lady had paid off the debt and called in for a debt free scream everyone would be super happy.

[@joesmith3590]

@@voidfrozethe comment section reacts to the caller. When they are debt free everyone is happy. When they make mistake and have bad ideas they say so. Saying the truth isn’t negative or positive it is just reality. And reality is the guy made a series of bad choices

[@TLA123y6f]

I've noticed a LOT of holier than thou / sanctimoneous input on these threads. It seems like they get some sort of 'kick' out of kicking someone when they're already down. Pretty sad commentary. No wonder we have such a screwed up world.

[@coderider3022]

A woman I worked with resigned then fell pregnant with 1 night stand (3 month notice) threw herself at the mercy of managers to back out. They did it !

[@helengrehan9730]

Kindness is good. Hopefully they will have a loyal employee going forward.

[@wakinglife7065]

I knew a woman who demanded our boss to let her take Friday off so she can take another job. (No pay rise) she was a horrible worker. All she did was complain. Complaining about the job, her colleagues, her husband, her parents, her children etc. any way in a fit of rage she resigned. She told her husband and her husband was like - we cannot afford it, and she begged in an entitled way to withdraw her resignation and my boss said ‘oh sorry I’ve sent the paperwork to HR’ any way she didn’t take it well and kept complaining to my bosses boss all the way up to the CEO. This was a low level job at a workplace of over a thousand workers and he had no idea who it was. She even tried to get the unions involved even though she wasn’t a member. The entitlement was staggering and embarrassing. Had she fell on her sword with humility maybe she may have got her job back or at least a reference but she just kept blowing up. The things she used to say about her husband and kids was so horrible. Even her own admission, he was a good father and hard worker and constantly trying to improve their financial situation but any slight and she deemed it abusive. Such as going on vacation and letting her go by herself shopping while he hung out with the kids. Sorry for the long post but it just reminded me of this with the stories in the post

[@deanc2000]

I made a similar job transfer in 2018, where I moved cross country from LA to Raleigh without selling my condo first. That condo with 400/month HOA fee didn't sell for 5 long months. The main difference between me and this situation is, my salary was about 3 times higher than this guy, and I was single. No wife. No kids. Regardless, I WAS STILL STRESSING OUT ABOUT IT.

[@nc4847]

There are some toxic workplaces that are really bad. I've been in such places where I knew if I stayed, I would have committed suicide. Not enough is discussed on this. While I don't think it was their intention, this conversation did minimise the effect of a toxic workplace, especially on men who are expected to hold it together. I wish they had considered that when talking about this instead of dismissing it.

[@EricMoore790]

My wife says that to me all the time! Sometimes Buttercup is not the word she uses.

[@francosantoro1986]

Kamala Harris she says😂😂

[@kbanghart]

​@@francosantoro1986I'm voting for her

[@AnthonyMcNeil]

​@@francosantoro1986How many times will you make this comment?

[@Chet_24]

​@kbanghart are you a communist?

[@Joce123]

6 weeks after their baby is born mama better go to work on the hours that you are at home to take care of the kids.

[@mohnishsial8142]

This was a fantastic call from a learning perspective. Thanks Dave for all the wisdom and analysis.

[@midlifecrisis7888]

I’m gettin 2008 feels. Too many got fomo and bough a home without thinking about it

[@itchyisvegeta]

Same. Only reason I think it hasn't popped yet is cause of the AirBnB market

[@mikehurt3290]

Same with cars right after covid people paying thousands over sticker now they're all underwater

[@wjrobinson11]

What about trying to rent the house out?

[@nariskotchg7598]

“Do not move your pregnant wife” - no numbers were used for this (priceless) advice!

[@a.miller8316]

On what planet can they think that can afford 3k in housing in 70k salary ... That's completely absurd

[@nude_cat_ellie7417]

It really is. I make 85k, invest 12%, and my take home per month is about $4400. I’m not sure what this guy is doing.

[@macpduff2119]

The monthly payment is not revealed until closing - too late to back out

[@jimk2988]

@@macpduff2119 This is 100% false. I knew my monthly payment when I offered on my house. +/- $100 per month.

[@sw6155]

You know, that’s how it’s been forever in the history of humanity… My grandpa would’ve much rather have been an engineer, but he grew up a farmer and retired a construction worker… All his life he did what he had to do to keep his family clothed and fed, he was tired, hungry most of the time, but he was accomplished in his goals. They always had a roof over their heads, everyone was healthy. He died at 94yo after his PhD daughter hired an ambulance to take him back to his home state to see his ancestral land one last time. He died happy at the hospital nearby 2 of his daughters who had moved with their family to their home state… That’s what we parents do… We do what we have to… Not “what fulfills us”, not “what we like doing”…

[@janicerc4906]

Bravo to your grandfather and yourself, I was raised in a similar kind of family and I appreciate the lessons they taught me by their example.

[@joesmith3590]

@@sw6155 sounds like a great life to me. having family that cares enough to take you is true success.

[@thetaekwondoe3887]

Doesn't sound like he was healthy if he was hungry most of the time. What kind of life is that?

[@FortuneSeek3rz]

He was always hungry but he accomplished his goals? 😅 OK troll.

[@AnastasiaIvan-hs3vg]

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.

[@SaraEsther242]

Money invested is far better than money saved , when you invest it gives you the opportunity to increase your financial worth.

[@AdamNicholas-3d]

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.

[@BrooklynHarlow21]

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.

[@LoriMarie-pd5vl]

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?

[@ZahidTaimoor95]

Even with the right technique and assets some investors would still make more than others. As an investor, you should've known that by now that nothing beats experience and that's final. Personally I had to reach out to a stock expert for guidance which is how I was able to grow my account close to $35k, withdraw my profit right before the correction and now I'm buying again.

[@carlys1391]

I own a condo in northern CT, just me and my dog. Been here for over three years now. We would both love to be in a house but I will not get into a hole, just to do it.

[@MrTmenzo]

Hoa fees increase though

[@blackworldtraveler3711]

@@MrTmenzo That’s not a hole. Just a choice. Covers outside maintenance,insurance,amenities,security,etc..

[@janellen1948]

If the new job doesn't allow health insurance for the first 60-90 days, which is standard - he will also be paying for his baby being born....

[@BusArch42]

I think ACA changed that

[@jimk2988]

It’s a new job with the same company. He didn’t lose insurance.

[@altair1983]

This is a good example how not having savings/having a debt limits your options in life. When you have debt, you gotta discuss your plans with Mr. Debt.

[@MrMustangrick]

Love the Daveisms, “suck it up buttercup “, “ dad gum” and “honey”.

[@Joenzinator]

All these tic toc influencers were trying to normalize spending 50% of income on housing, and this dingus bought it.

[@ihsv85]

Yes but families should prepare for that. If I didn't asked to my father he takes for granted that I would know. There are not so many good people like Ramsey.

[@jimmymcgill6778]

This have nothing to do with tictok

[@Joenzinator]

@@jimmymcgill6778 It has to do with a few factors. Probably more important is that banks shouldn't be approving these loans. We can't expect the average consumer to not be a complete moron, but the banks should know better. Culture does play a part though. 25-30% is the target for spend on housing, but influencers deemed that "unrealistic". But the math is the math, and spending over 50% on housing is not a good plan.

[@daveavemian5940]

All houses are now 50% of take home pay unless you make a top 10% income. With 7% interest rate and 350k for a dump of a house, it's a 2700 payment. That's 50% of take home pay for anybody making less than 100k. Even 100k, it's very close to 50%. House prices and interest rates are absolutely insane

[@ihsv85]

@@daveavemian5940 move out of the city and drive or use the train and buy a cheaper house. Then sell and buy a new one when it's time.

[@angooredcow157]

He sounds like a young man to me. Youth, therefore, is on your side. Please do not despair. Have the baby. Take care of the family. They come first. Find another job in the area if the current job is intolerable. Delay the Nevada move until things stabilize.

[@janicewright4007]

I got an email from chase yesterday letting me know I prequalify for a $500k home loan! Our current home is $160k. That’s what we can afford. But I know so many ppl who will go with what the bank says! Bonkers

[@acapulcomustang]

Over 30 good luck finding someone to help you move 😂

[@UberSky]

It's pretty heartbreaking - but does it make sense for him to move in with some schmucks on cragislist for cheap to work the new job? Leave the Fam back in NC until they can sell the house. It's so hard on both of them but you might have to. Then at least he can work 24//7 while away from the family. Hard season.

[@chrysiarose]

I was thinking the same thing - find people who need roommates, treat it like a trip, just take necessities like going to a hotel, work and send money home so wife and kids can stay settled while he figures out if things will work out in Vegas before moving everyone there.

[@ScottishTerrorsInLA]

The value of that house is going to continue to go down for a year or more. What is the woman thinking having a kid with a guy that makes decisions like this?

[@voidfroze]

Leave his pregnant wife to give birth and take care of 3 kids alone?

[@UberSky]

@@voidfroze It's tragic but there aren't many alternatives without paying a heavy price for the upside-down house and big rent. If they just take the 30k hit and move, that could still work, but really hamstrings you in the future. No good options here for their situation.

[@macpduff2119]

We did the same thing. `sometimes one spouse must move and the other follows later

[@Kyriecat12]

Wish John was on this call ... This poor guy. Needs someone to say "it's all going to be ok" starting off.

[@thisoldbelair]

This caller is my friend. I know him very well and I hurt for him.

[@MrTmenzo]

​@@thisoldbelairwhat a dummy

[@Zelfal]

My husband and i literally asked my parents to help us move from Michigan back with them to Tennessee when he lost his job, we were renting and I didnt feel secure physically and finance in the area (this was 7 years ago). It took us about 6 months to get jobs and finding our home, but during those 6 months we were literally broke and saving everything doing chores for parents in place of rent. We paid them back for the Uhaul and gas literally if they ask for any help I will drop everything but the kids to help them, the agreement was get on our feet no making crappy budget/job decisions. This guy made avalanche of stupid decisions, my advice would be to tell his "job" that its not going to work and get 2-3 jobs to hammer payments and save hes gonna have 3 kids thats not cheap plus u dont want a newborn in a fixer upper.

[@sarahbyington2440]

he's so right about moving a pregnant wife. we moved when one town over when I was 8 months pregnant. it was the worst thing ever.

[@Ja50nkAt]

These dudes starting a family, buying a house, have zero savings and just winging it, good luck with that.

[@gabyfields3235]

They are ususlly VERY good at one thing: making lots of babies!

[@Fishouta]

... adding to a family.

[@malcolmlove4602]

dude can't handle the basics of life, scary to think this guy is going to be a father to 3 kids,

[@Ja50nkAt]

@@malcolmlove4602 He probably thought $70k was a enough to support a family, maybe 20-30 years ago it was.

[@malcolmlove4602]

@@Ja50nkAt curious as to how old he is - it didn't say in the video, or I missed it.

[@LauraSchendel-ko1qk]

My grandfather taught me that I would have to pay my rent/mortgage in one weeks pay otherwise it would turn in to a struggle for survival. I’m not sure if that is still true nowadays but it sure served me well as a young adult.

[@everydaydadfixinit4803]

How do people do this without consider all the factors!?!?!

[@lizh4933]

Absence of critical thinking. Avoid desperation with preparation.

[@KennedyIvy]

I'm think you overestimate the amount of braincells a lot of people have

[@malcolmlove4602]

FOMO from real estate agent

[@vickiwest4149]

Preach it! Let me tell you . . . I paused the video just so I can speak to an empty living room (LOL) and say "for all you people out there (friends/family) that think that I over think, over play, am taking my time to position myself financially to finally make a move near family (keeping the same remote job), moving debt free and paying cash for the move . . . then judge me . . . I don't care! I'm not making hasty or bad decisions just because someone else things I should go ahead and move now. OY! At some point people who have made bad decisions in the past (me included) need to stop, dig in, and take whatever time and effort it takes to stay ahead. The guy and his family need to move in with family for six uncomfortable months. Sorry for getting on my soap box! :)

[@kaypinkney7908]

He should stay where he is and forget the move across country for now, get a second and third job and save that income while he looks for at least a significantly better paying job where he is or within an hour commute and when he has saved money-consult Dave again BEFORE he makes drastic changes and stop having children so he can afford to save for their college

[@michelpierre3153]

*The amazing skills of real estate are that it help keep the family, aid financial support, and can serve as a retirement tool when retired. It's passive income which rewards hard work and patience*

[@henrymartino4283]

It’s the same talk everywhere but no one is saying how to get started?

[@michelpierre3153]

I work with a *Financial adviser;*

[@michelpierre3153]

*Donald Nathan Scott.*

[@henrymartino4283]

How do I reach him ;

[@michelpierre3153]

*SEARCH*

[@MrSaemisch]

He's in NC, which is a non-recourse state. If he goes into foreclosure, the lender cannot seek a deficiency judgement. Would destroy his credit, but he could walk away. Pretty shady, but he could even consider renting out the house while it's being foreclosed on to recoup the 20k....

[@kathyoliva6966]

Yes rent it out

[@macneoh7418]

That UHaul is going to cost $5K

[@takigan]

Sell all the furniture so you have nothing to move, pack everything else into the two vehicles, sit on boxes, crates and blankets in new house and work your way back up over the next couple years after the house sells. Beans and Rice.

[@bellareid3488]

Sounds like he planned on putting the keys in the mailbox and walking away but he doesn't want to say it!

[@russlea6383]

A lot of people are moving to NC because it has a hot job market. Find a new one. You're already there.

[@davidcanning4840]

If they are clever...It's called a bridge loan - but Dave doesn't like loans. We bought another house before our old house sold. Used a bridge loan to cover the difference of the two mortgages. when the old house sold (1O months later) we paid off the bridge loan from the equity in the old house.

[@whosaidthat9265]

Absolutely nuts that he makes $70k and they haven’t figured out she needs a JOB and should have been working long before getting pregnant with this baby. My gracious. Sir, you don’t make $170k. You should have never qualified for the that amount of house. This is a ridiculous story.

[@MrMpwood12]

Don’t know how old the other kids are how much she would make but daycare might cost more than she would make. To your point though this was absolutely ridiculous.

[@whosaidthat9265]

@MrMpwood12 too many options to work from home opposite shift that he works. This is poor planning and living beyond your means at its finest.

[@Chet_24]

The wife found her simp. There's absolutely no reason she cant be working 20-30 hours a week in a few months.

[@whosaidthat9265]

@@Chet_24 exactly. But he’s a real dummy based on him purchasing a new house he can’t afford and then thinking he can just quit his job and relocate to another state…on $70k? In this housing market? Evidently they deserve each other. Two peas in a pod

[@MrMpwood12]

@@whosaidthat9265Oh 100%. Living beyond your means and no planning on top of it all.

[@Juhani139]

I miss the old episodes where Dave said "man, I'm so sorry you're in this position. I can just hear how defeated you feel." Where'd the empathy go?

[@AnthonyMcNeil]

"We bought too much house?" You guys didn't know it was "too much" before you bought it? Smh.

[@thetaekwondoe3887]

Probably knew it but didn't want to admit it until things started to implode.

[@helengrehan9730]

At least he realises it now, and he reached out to Dave and got very good advice.

[@sasukesuite1]

I think we need to mandate a “think more than 1 step ahead” class as part of the high school curriculum. This should be basic planning, but every time I listen to these calls I just hear someone who can’t plan past the next 5 minutes of their life.

[@jimmymcgill6778]

According to these 2, houses sell fast, and easy. And prices are always going up. Welcome to the real world Dave.

[@bradycone]

Right? Dave and his team are always going on about such a hot housing market where every house sells above listing price with multiple offers.

[@angryshehulk4042]

Hopefully he takes this experience as a learning opportunity. Praying things get better for this family.

[@Nonsense116]

I make double what he makes. My wife and I just bought a home. Our "top of the line" budget was less than what he bought. We ended up buying 50k under budget so what we bought was one HUNDRED THOUSAND less than what he bought. And we make double what he does.... On what planet... did he believe that house was a good call?

[@Dan16673]

bank said he could afford it lol

[@kagnewcobra5228]

@@Dan16673 Banks are friendly but they are not your friends!

[@voidfroze]

Curious where you live and what your job is?

[@Dan16673]

@@voidfroze thought the same. what kinda crap house you buy

[@Nonsense116]

@@Dan16673 I bought a 230k home in an area where the average sale price is about 400k. It ain't standalone, it needed some work, but it's in a safe neighborhood and had "good bones".

[@gm12551]

2:53 First time in 7 years I’ve heard someone cuss on the show. Jade is that girl 🎉

[@Fishouta]

She said "shoot". Is that cussing?

[@cmartinez0914]

I heard her say “shoot”

[@gm12551]

@@Fishouta I hear 💩

[@ebullock1000]

Being 38 weeks pregnant, I cannot imagine doing this. What a ding dong! Where is his wife in this?

[@erskjans]

She is just as ding dong as him probly, this is not something he alone decided

[@wintersonnet]

Probably pressured him to buy the home they can't afford!

[@pickmeisha]

On IG posting pics of her perfect family.

[@MrMarkmcfarland]

Its the ding dong that got him into the mess.

[@AnthonyMcNeil]

He definitely didn't make the decision to buy the house solo. She's probably putting on a show about how great everything is and behind closed doors realizing how bad things are.

[@TulsiKashyap-oe6vj]

Hi, I want to start investing but I'm not sure where to begin. Any advice or contacts?

[@JenniferWilson-yi1om]

Considering the complexities involved in building a robust financial portfolio, it's essential to seek professional guidance.

[@EmilyJohnson-rh7ss]

By investing in high dividend yield stocks, ETFs, and equities, I made a net profit of $107,000.

[@CharlesWilson-pi7ew]

Having someone like Colleen by your side is key to achieving success in investing.

[@DanielTaylor-cy5qu]

I started with just $1,500 and was amazed when it grew to $5,000 in just two weeks. It feels like a dream!"

[@SarahWilliams-cd2wc]

Invested $2,000 a couple of weeks ago, and now my portfolio has hit $6,000. I’ve never seen returns like this before!"

[@mikesforza7991]

He's lucky that this job offer in Nevada is still open. What kind of job says show up in July, you don't and still holds the job open for you until August. Why wouldn't they be hiring someone else, because someone at the company is doing the work.

[@EazySqueezy-chan]

I'm familiar with this caller and his position/company: They have 30+ open requisitions that they are attempting to fill from a pretty small pool.

[@analyticalchick3064]

Maybe he's working online for now?

[@Jithu_VA]

I almost felt scared listening to him . He made bad decision into crisis !

[@Astro95Media]

Good heavens ... lateral moves are almost always a bad idea and involve some sort of backwards slide. My ex-wife wanted to take a promotion at work in 2016 but we'd have to put our two-year-old in daycare, increasing our bills by about $14,000 annually. Her pay raise was nowhere near $14,000 annually, but she took the job anyway. Needless to say, she's completely underwater these days.

[@reese85]

There’s income based daycares, that would’ve saved you guys a lot of money

[@Dan16673]

@@reese85 where? ive never seen one

[@reese85]

@Dan16673 you just gotta research them in your area cuz I never knew about them as well until I had kids and my gf put our daughter in one and at the time she was only making like 50k or so. So the payments were less than $200 a month and now she’s making 100k and for our 2 yr old who’s starting daycare later on this month, it’s gunna cost less than $600 a month

[@Becanwal]

​@@reese85most of those are in rough areas, have bad reviews, or a waiting list a mile long. I wouldn't trust it.

[@reese85]

@Becanwal most daycares regardless if there income based or not have a waiting list and me and my gf work way too hard to have our kids in any type of rough or bad environment

[@pauloofernando]

Well said Mr. Ramsey, well said. “Toxic work environment” .. Suck it up and take care of your family!

[@alexsteven.m6414]

After selling a couple homes in 2022, I'm anticipating a housing crisis in order to buy inexpensively. As a backup plan, I've been thinking about purchasing stocks. What recommendations do you have for the best time to buy? On the one hand, I keep reading and seeing trader earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

[@NorthCarolinaForward]

The top experts, however, have access to confidential information and data that is not made available to the broader public. Being knowledgeable enough to use them successfully is quite another. Big returns, not changing stochastics, are the key. Rewards and risks must be balanced. To reach your aim, pick the right size and turn your edge as often as necessary.

[@MarcyLoccy]

I concur; I've been in frequent communication with an investing advisor for more than 17 months. I definitely remember needing inspiration to keep my business running after a protracted divorce. I researched licensing consultants, sometimes known as portfolio coaches by some.

[@vanessahopkins-g5y]

I require suggestions on how to restore my portfolio and create more effective strategies in light of the huge declines. Where can I locate this instructor?

[@MarcyLoccy]

“Rebecca Nassar Dunne” is who i work with and she is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.

[@PennyBernadette]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@maxwellspeedwell2585]

My grandparents slept in the bedroom. My dad and all the brothers & sisters slept in a large attic room. You do what you have to do.

[@tkordik]

If you have a bank approved no-resource short sale, you will be on the hook for income taxes on the difference and this can be a lot of money owed to the IRS.

[@NoneYa-pg6dk]

Oh. This is something fresh and new. Learned something new today.

[@BlakeBake]

I'm speechless. I have no speech.

[@moonchild4003]

I couldn't breathe listening to this!!!

[@natashac.2038]

Why would you quit your job with a baby on the way? Hope he figured it out

[@maxlemusa3520]

Just move live with family and rent the house. I bought a house but I knew I couldn't afford it. I rented it from day 1. It's been 5 years renting, and I have no plans to move in soon. The tenant paid $120,000 so far.

[@kathyoliva6966]

Wise!

[@SinFinkleflor]

why couldn't he just rent it out? Wouldn't that help him make the repayments on the loan

[@meganbaird0609]

I love the reminder to 'stay weird' about cars. I am rocking a paid for Honda Pilot with 170k miles on it. We take great care of it and have been saving and will pay cash for my next car- it will be a Toyota Highlander with 80k miles. Wont need to replace that for 8-10 years. Being weird has allowed me to be a stay at home Mom with savings, retirement and college for kiddos. Stay weird people! The benefits last a long time.😊

[@wahinepaddler4]

He could try to rent out the house .. no idea the specs but maybe multiple room mates until he can get some equity in the house.. What a mess.

[@ndwhitlow]

I live and rent in Raleigh. Based on what I know, I don't think he will be able to rent it for more than $2k/mo. Could get worse because you wouldn't be able to get the renter out of the house. Adds more uncertainty because the house is harder to sell.

[@emilyh6293]

He doesn’t have the equity or emotional capacity to be a landlord on the other side of the country.

[@Fishouta]

Meanwhile, the renters are trashing your home while you are an absent landlord.

[@kathyoliva6966]

Yes I agree. We moved out of state and had two rentals with terrific property management companies. Incoming rent covered almost all expenses so that would be fantastic if this family could do this. Rent for a year, then put it on the market.

[@ndwhitlow]

@@kathyoliva6966 I live in the same area as them. They could get at most $2500/mo for their house. Since they pay $2800/mo and you have to subtract property management fees and all other costs, they will still not be able to make the payment. That is not even taking into consideration the risk they would have to shoulder on top of everything else. It would be a horrible idea.

[@meditationandnaturesounds_]

Rent the house out… I was stuck similarly where I had put my house up for sale. I moved out signed a lease already moved into my new apartment and then two days before escrow was supposed to close the investors pulled out … so now I have rent and a mortgage due every month so I ended up renting it out for a year and then selling at the following year at a exceptional profit. God is good

[@DDDD-of3hv]

i know people that pay more than 80% on their mortgage and think they are smart and doing great..... and if you throw out a what if scenario they just say that wont happen...... ugggghhhhh

[@theL0VERS]

I walked away from a home after going under contract bc it felt off. The payment with ins and taxes would have been around 33% of our income. I felt like i wanted to puke and was not happy. Everyone kept saying arent you excited and i was like nooooo. 3 weeks after walking away and getting out of the contract i was laid off. 1 yr later after what would have been my closing and i would probably be approaching foreclosure.

[@zebranator]

Lol one "Shit" slipped through

[@YolieGuacamole]

It was warranted! This is one of the worst situations someone could be in!

[@voidfroze]

Loooll yeah I was like hang on, what show is this? Did she say “shoot”? Nope 😂

[@JoeyAlbert5545]

I thought that's what she said! I had to rewind it. I think she started to say it but tried to recover and say "Shoot" so it became jumbled lol.

[@blackworldtraveler3711]

Yeah I did a Scooby Doo grunt when she said that. I kept that clip.

[@magicdaisies5242]

I'm living in the UK, and we got a mortgage for £85000 with £10000 deposit. We had to prove our income going back months. It's crazy how American banks allow this.

[@JJtheUtahRealtor]

Why can't he just rent out the house until it's a better time to sell? Worst case he can't rent it out for as much as he's paying and he has to come up with the difference every month.

[@kathyoliva6966]

Agree

[@kevinb8881]

Jade rocking the brades, they're on point!!!

[@KathleenMcNe]

47% of his $71,000 gross salary goes toward mortgage payments, and he'll soon be supporting five people? Err, okay.

[@craiggoldstein2461]

Could the guy rent the house for a year and try the sale one year later? Wouldnt this help him buy time?