I'm $46,000 In Credit Card Debt and Tired Of It!

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[@Lil-Whiskies]

I get what Dave is saying. It's like cleaning up a hoarder's house only for it to fill up again because emotionally the person can't change the way they live.

[@twovirginiacats3753]

Usually that is it or you get dragged along by a spouse that won't change.

[@tulipchic34]

My ex got us into around 39k credit card debt due to his gambling. When we broke up I saw the full extent of what he did. We both worked and should have been living comfortably. Many times before we split I asked him to sit down and work out a budget but he was always so resistant and we would end up arguing. I have now been single 4 years. I am now paying my mortgage by myself and have 24k in the bank

[@Hello-iz9hl]

Ouuu girl 24k I wish😛

[@Marialovely-ty4ce]

Awesome 😊

[@victorkreitner754]

I've been single all my life accept for one 7 year relation. I have no debt, and have over 200K saved. Probably will work until 67, and at the same job I've had and love for 24 years now. Barring any serious situations I hope to live my older years with no stress and no debt at all. Pay with cash or do without.

[@Middle850]

Never let someone else ruin your life with their behavior. Been there before when married and took me a few years after to recover. Again couples need to talk to each other and not knowing what the other was doing is not the answer and you HAVE to talk and be on the same page. It’s so important

[@Aisha_babii]

U go girl 🎉

[@akc783]

“It’s going to feel like you got a raise when you get on a budget.” Personally, I had the opposite experience. Getting on a budget showed me how much I was living outside my means and I found myself tightening up more than ever. It was definitely a good thing, but no way did it feel like I got a raise.

[@ericwotton2046]

Beans and rice, with a side of rice and beans!!

[@love4stamps]

🤣🤣🤣

[@Vanessa47912]

BOL!!!

[@bnepaul9268]

U are certainly funny 😁😃😃😁👍👍😁😁

[@j.n-turner]

we were in over $80k in debt in 2018. 2019 became debt free following Dave's show and books. We sold everything that wasn't tied down, canceled cable, gaming, and streaming networks and even our cell phone plans. We don't make too much at our jobs, we just cut costs.Three years later, still debt free and close to 60k in investments. Thanks Dave!

[@odiyn8315]

Yea

[@Itsdjsigi]

Good stuff man, congratulations!

[@BrezzyBoi33]

Live life a little dude, you got to buy some things. Psychopath

[@j.n-turner]

@@BrezzyBoi33 lol. Well, seeing that we're debt free with over 60k invested, I'm pretty sure we're living life real good now. And we have cell phones, streaming networks, vacations etc.

[@j.n-turner]

@@Itsdjsigi thanks man. Feels great.

[@godisgoodallthetime7622]

We sold our home as well. Moved into an affordable home we paid for. Slowly renovating the home. Paying for our renovation in full as we can. For the first time in our thirty year marriage we are debt free. And it feels great. We're not living beyond paycheck to paycheck. It took patience and consistency. But above all. It takes a couple who are on the same page. It will not work if only one's there.

[@TheDjcarter1966]

Dave sees the problem if you sell the house and don't change behavior you will be back here in two to three years

[@shawntely]

‼️‼️

[@roadrunner9622]

Yep. But next time he won't have a big rental property to bail him out.

[@shepirate4651]

WOW this callers scenario is exactly our position at time! Now I know exactly what we need to do! I can't wait for my husband to get home to discuss :) THANK YOU!

[@retrojay86]

how has it been going since then?

[@jurisveipe4341]

@@retrojay86 she's dead and the husband is in jail.

[@Jerome-m9j]

@@jurisveipe4341😂😂😂

[@19ANT86]

😂

[@Hagg506]

Love it when smart people understand.....fix the problem.....don't just treat the symptoms.

[@3ofus135]

With that many kids, I'm surprised Dave didn't say "sell the kids."

[@MikeNapoli1989]

Me too 😂

[@cjhoward409]

😳😆😂🤣

[@ErichH68]

Send the kids to work.

[@hollystiener16]

They should sell the kids. It is too many for the money they make

[@Cata0110]

😂😂😂😂😂

[@Notthelizard]

I wouldn’t sell the rental. The value will escalate. Better look into more ways to bring in more money and use less than you bring in.

[@rsafree1139]

Or it doesn’t escalate. Or it needs a major repair. He needs to sell it

[@danettemckinnon7251]

I was never out of control but when I got organized with my finances and put everything down on paper it made such a difference and I made so much more headway after I put pen to paper.

[@Epidombe]

It always amazes me the angles dave can see things. Just when i thought it to be a quick “sell the rental, pay off the cc, chuck the rest at mortgage.”

[@aolvaar8792]

“Sell the rental, pay off the cc, make an emergency find, chuck the rest at mortgage.”

[@angelachanelhuang1651]

AMERICANS are not financial planners

[@retrojay86]

​​@@angelachanelhuang1651 sadly, financial literacy is poor

[@katemiller7874]

That’s what he should do

[@DavidGonzalez-ru4uz]

I was the caller on this one, glad to say we are out of CC debt, did not sell our home thats paid off and only have our mortgage. Pretty awesome.

[@SeanBaker]

Nothing like a self made issue to get me annoyed. Yes, I've made my own issues, also when I was young.

[@jml9550]

As long as you acknowledge the issues, it can be fixed.

[@richthepup]

Couldn’t tell if you were referring to the kids 😂

[@hollystiener16]

Having 5 kids was their downfall

[@nodsib]

Hahaha, the way Daves shakes his head when the caller is being asked if he’s on a budget 😂

[@douglasfuqua3833]

What he trying to tell you is to change you're spending habits. If you sell youre rental just to bail you out you will go back to to just charge it and you will be right back to where you were! Live within your'e means!

[@Jenda-ld8dj]

Yeah, get rid of the new(er) cars for starters.

[@Mark-qv4bn]

I'm driving a 21 year old truck. It gets around town just as good as any new one does. BTW, nobody cares what you drive. 😮

[@bdoubleeb3039]

DO NOT SELL THAT RENTAL!

[@grantv2313]

We make more than them have 1/3rd the house and two kids and just get by. Not incurring debt but not thriving by any means. I’m surprised they don’t have more CC debt. I don’t even have a vehicle payment. But sure enough a $300 to $500 “extra” bill pops up every month for me. This month was a plumbing issue I couldn’t fix.

[@iddddaduncan]

34yrs old with 5 kids, Ha!

[@toddprater14]

Fool

[@Hello-iz9hl]

Lol crazy

[@PInk77W1]

$500. A month interest Before a single dollar is paid on the card.

[@jml9550]

Yep. I would just take a equity on the rental with a much lower interest and pay off the CC, then pay the equity off ASAP.

[@travisclark7892]

Borrow money to pay off borrowed money.

[@AieMem67]

George Kammel is my favorite co-host of the Ramsey Show

[@josh124c]

I took on debt to survive And now I'm attacking it with extreme prejudice

[@beckyzwhite]

One year on. How are things now, Josh?

[@Iam_jardow]

Struggling and making 70-90k is wild to me

[@hollystiener16]

They have 5 kids. why have so many when you are not making enough and do not even have the time to devote to them.

[@fhuber7507]

Caller has made himself "house poor" Can't really afford the house payment. $40k in CC debt = $8k + per year in CC interest, just eating at their budget.

[@travisclark7892]

More like 4k+

[@mikeshaw4610]

The house seems too much for the income.

[@garrettmesser3977]

It is. Move into the paid for rental and sell the one with the mortgage

[@nicholegallo1090]

It’s not if they can afford the mortgage once they budget

[@patrickchilds5486]

Don’t agree sell the rental. Multiple streams of income is so important…

[@mouwlylee5014]

Papa Dave not smart

[@king-be7ez]

these videos make me feel better about my little debt

[@uptobatentertainment]

Vids like these make me feel relieved … somehow it doesn’t deter me from wanting a car I can’t pay cash on lol

[@MassielPG]

Five kids without the finances to support those five lives that he chose to bring into this matrix is very irresponsibly and selfish.

[@bmxtwins5685]

dave comes out strong in this one !! de dude on the left was talking pretty good but then dave came in really good, later on dave was super sharp. Really nice one !!

[@AieMem67]

I love how Dave Ramsey is a Sensitive , Patient , Consistent Person . This guy chose to have Children in his life that's on him

[@penninator1]

Oh thank God Dave said the first budget is really hard! I thought it was me. After surviving through tge 1st month budget I literally wrote across the whole page "UNREALISTIC" and I reconfigured the 2nd month. Being intentional and deliberate with the money is really an eye opener. Thank you Dave and the entire team.

[@codelessunlimited7701]

House ownership is a luxury now. It is no longer a homebased of good memories.

[@gregorypaine513]

Crazy JOE IS MAKING LIFE HARD!

[@drlax15m]

I did give myself a raise, I’m ahead of bills, have more monthly cushion, it is amazing

[@djpuplex]

This guy rambling drive Dave crazy 🤣

[@ibnfaqir9223]

No one told you to have 5 kids. No matter how much you make you would be hemorrhaging money every month.

[@PInk77W1]

There’s a video on KZbin where a couple has 14 kids and no debt at all. Very frugal people

[@MsSimpleMovies]

I expect a more wide-angled viewpoint from someone named "Ibn Faqir."

[@lfuentes4098]

Yeah, you guys just have to live like your only bringing home half the income. Then you can actually keep the rental. Which in my brain is a better investment than money in the bank. Fix the problem not the symptom. Spot on Dave.

[@SonPham-hn7rk]

I have to say I wish them the best but having a family of 7 on $92k is very reckless. That not intelligent family planning. Family of 3 on $90k is ok, 7 is outrageous.

[@hollystiener16]

He said $75-80k. and it is outrageous

[@dieterh.9342]

That people like you do not value life is astounding.

[@ViewinDrew]

When he said Yup, I felt that.

[@stephaniegarcia-ty5my]

I would not sell a paid off house. Ever. Do the hard work!

[@SADFORIAN]

I unloaded three duplex rental properties out of panic 20 years ago without reflecting on if I really should. And as was pointed out, I was just buying time without addressing the lifestyle that I needed to change. Sold all three for a combined 240k, clearing about 90k total. Each is still standing and I'm sure worth about a million combined today. Oh well.

[@Fastxfords99]

Live small, save big, invest smart, retire comfortably.... easy peasy.

[@CurtMortis]

34 with five kids

[@keshavr9617]

Lot of this is about FIXING YOU and not fixing debt

[@ForTheChristians]

Dave at his best in this call

[@OutbackinLasVegas]

43000 eating out! Lol check out what casino their eating out at!

[@TechTusiast]

I think one big problem is, people think they can get happiness out of something like a car. "I worked hard, so I deserve..." ??? A debt after buying a car the manufacturer purposely build to break down and charges ridiculous amounts from spare parts that cost a nickel to produce? Is that what you "deserve" because you worked hard or maybe something that actually improves your life and not make it even more expensive? Same thing with houses. If where you live, you can assume that your property will increase in value more than you pay interest and other payments involved, including maintaining said property, great! If not... yeah... think about it. But the one thing I can NOT understand is: Why do people buy regular "stuff" with credit? I don't recommend using credit for a car, but I get it might sometimes be ok, if you can pay it in reasonable time and car is practical and useful. House, especially if it is likely to increase in value, sure, if you can economically survive surprises. But spending lend money on "stuff" like, TV? Stereo? Computer? Smart phone? Bed? Holiday? Clothes? Jewelry? A person doing this kind of spending is not "bad with money", this person is a certified, bonified idiot.

[@rodriguechamteu5986]

We were $150 in debt last month. Now we are debt-free following Dave’s baby steps

[@evardmuts]

😂

[@wandahaines7143]

Sell the big house, move into your rental. Your kids will do just fine sharing rooms and a bathroom.

[@evalina98000]

Gotta fix this and the this is you. Once again, Uncle Dave tells it like it is 😜

[@carolynstewart8465]

He's not listening!

[@Richwaytools]

-Fauci, Math! Love it

[@estefaniapena1533]

His house is too expensive for their income

[@PatriotSteve]

I disagree. Their mortgage payment is less than rent.

[@hollystiener16]

5 kids is too expensive for their income

[@Rob10288]

Self inflicted debt. Enjoy!

[@blackworldtraveler3711]

Many people are their own worse enemy with finance.

[@mmccpl3934]

What does that even mean. All debt is self inflicted

[@marton349]

They probably have a lot of stuff they bought on cc that either no longer need or never needed in first place. Sell it all.

[@robertdepesci3418]

I paid off the same amount. Lits of overtime

[@PersonallyOptimistic]

Great stuff. "Batten down the hatchets" is a great eggcorn though!

[@darinherrick9224]

It's wild to me every time hearing rich people who are out of control with their spending. Hundreds of thousands of dollars in property and not on a budget. I'm dead broke no emergency fund (spent it all on medical bills) practically living paycheck to paycheck and in my tiny apartment I'm on a budget.

[@tiffanyroberts5993]

Depending on where a person lives - He’s not rich and especially so with five little kids to take care of.

[@angelachanelhuang1651]

americans are being SCAMMED

[@Damon-qt3fw]

Typing this without listening to the whole thing. I'd sell the house, move into rental. Take proceeds from sale and apply to CC debt.

[@hollystiener16]

They cannot move into the rental as they have 5 kids and are already stressed to the max. The rental is way too small for so many people

[@VintageStereoCollector]

This is scary for real not making a lot of money less than hundred a year still owed money for the house the cars 5 kids credit cards etc etc.The life style is very scary eating out a lot throwing a way a lot of money like Dave Ramsey said your house is wild.Big debts Will Get you in big big trouble

[@garrenshot]

How come they have a rental and they only make 85k?

[@Damon-qt3fw]

Cash flow on rentals isn't all that much if at all. Sometimes a rental is purely an equity move.

[@undesignated3491]

Wife was the same 120 dollars for lunch at a Thai Restaurant, when I saw the bill I was just like fuck you, I get more satisfied with a fucking dollar burger at one of the fast food places !

[@johnSmith-uz8nl]

There r people who just don't care and will charge there cards to the max....

[@angelachanelhuang1651]

I doubt there are jobs

[@johnmitchell2741]

you moved to the baby steps that's an understatement

[@gggg-ms7vu]

For more Insights and private mentorship on investment and earning write me on the above number ☝️☝️☝️

[@Essays4College]

Nobody has any equity anymore!

[@janetcross2797]

What a little. Are u kidding 5kids sell your other house get out selll everything keep one house

[@Love2Banime]

Loan debt is draining.

[@dchrysostom]

These Americans make good money… what are they doing with it, is the question..live fugal

[@ChrisCardenDrums]

Yeah, he doesnt need to mess around with being a landlord right now. Way too much other stuff going on and he doesnt even have his primary mortgage paid off. If anything, take that 200k, pay off the credit cards, any other debt, put 50k in the bank, thats a solid emergency fund, and the rest in 5 529's and 2 roth IRA's that youll max out every year. (That would get them to their 15 percent) The mortgage on their primary isn't the problem, its that they dont have a clear path to walk. I cant imagine having 5 kids, just, my god...

[@craigadams3639]

Rice and beans lol

[@mikedoyle5901]

Sell the rental, pay off debt, leave an emergency fund and put a dent into the mortgage.

[@jamesgambee8930]

“Two words that don’t go together, like Fauci math” love me some Dave Ramsey

[@carolynstewart8465]

Fauci is a mathematician ?

[@roadrunner9622]

If this guy doesn't change his mindset and habits first, he's going to sell that rental property as a quick fix to pay off his cards, but then spend all the profit and probably be in debt again in 5 years. Only next time he won't have a rental property to bail him out.

[@chrisgast]

Why are they going down in income?

[@esonon5210]

he probably owns his own business or works in commission sales

[@megalodon1726]

The pandemic.

[@AG-so4gl]

Durrr. Sell the rental

[@marcmini8137]

they have a paid OFF rental...? why would u EVER sell that? thats an easy 1-2k a month in income....terrible advice

[@oladokunsamuel5923]

Americans really need to step out and see how we who live with Debit cards live.....you guys buy things you can't afford, how do you sleep when a debt is 3-8 times your annual salary!😮

[@joimumu]

Rule of thumb the moment you know you are experiencing a baby you start saving 1/3 of your for that baby while she is pregnant because when the baby is 3 months old that money will be gone

[@hollystiener16]

Yes and then you do not have 5 more

[@yasirsultan1520]

Love Dave Ramsey, but “Fauci Math” comment is beneath him. Just like I would not take Fauci’s advise on financials similarly would not like Dave to comment on politics unless it has to do with finances or budgeting. It seem it is ok these days for anyone to comment on field we have zero idea about hence we are so polarized, because people with following take advantage of their popularity and peddle nonsense.

[@rothbj1]

2:28 "Batten down the Hatchets"

[@lulustoovintage4710]

I really like the comment that you got a fix you

[@juliaweeks1729]

That is a lot of eating out

[@MyLifeInTheDesert]

Should I cut out tithing to the church during the baby steps

[@Ink30]

Till step 3

[@75Sadielady]

Gods first 10%

[@AjaxTx_]

Lmao "two words that don't go together like Fauci Math"

[@KC-dr3cg]

One of the above average videos

[@noelhanna6432]

How do Americans run up so much credit card debt?

[@joimumu]

It’s the YOLO (you only live once) lifestyle then they pay the price in the future

[@miamielite7773]

This man sounds more Cuban than me =D

[@pinayinuk]

I don't have debt thank god

[@bnepaul9268]

Good for u , people dont just become deptfree, it's a CHOICE. in our every day life we are faced with choices, to be in dept and to be dept free ITS A CHOICES OK PEOPLE

[@jayb.8460]

Omg you would think it's the guys wife on the phone so indecisive. Give quicker responses straight to the point. It's crazy when people call into a talk show and they are unprepared for the questions or just ramble on about irrelevant stuff.🙂

[@su-mu]

9:02

[@leantris8987]

Fauci math . Really?

[@gggg-ms7vu]

For more Insights and private mentorship on investment and earning write me on the above number ☝️☝️☝️

[@Kayce860]

He obviously doesn’t like fauci approach to the pandemic- I wish he left that out

[@hollyb6885]

I wonder what the interest rates are on the credit cards. The debt avalanche might make more sense mathematically for this family.

[@thefunfam1433]

How do you figure out which one is better?

[@hollyb6885]

@@thefunfam1433 Mathematically it makes more sense to pay off the higher interest cards first. That’s the debt avalanche. Dave preaches the debt snowball where you pay off the lowest balance card first. I’d go with the debt AVALANCHE. Interest will kill you.

[@derekrank4572]

cant believe people are so irresponsible with their money. this is what happens when people think they have a big income...they just keep spending and going into debt..almost better off being a lower income person and have ZERO DEBT. at least they arent in the red....

[@donaldlyons17]

Nope income way more important!!!! Much better to have high income than low even with bad behavior!!!

[@angelachanelhuang1651]

americans are still paying their holiday debt

[@hollystiener16]

The irresponsible part os having 5 kids in a very short period of time by age 34 with not enough income

[@Sutterjack]

“Two words that don’t go together, like Fauci math” Nice insult that has nothing to do with budgeting. C'mon Dave you're better than that.

[@ClaxtonBay123]

No he isn't. You new here?

[@flamefusion8963]

fauci is responsible for millions of deaths and you're upset over a joke. Do better.

[@joethi4981]

Facui and logic don't go together. Corrupt to the core.

[@gnes04]

Call me crazy but choosing to have that many kids when you don't have a handle on your finances is just unethical. Now he will not be able to provide those children with the education and opportunities they deserve

[@johnmirbach2338]

😎👍👌🖖✌🤓

[@joeburch9220]

Credit card debt is so kool I’m n 60,000 credit card debt someone told me I was kool as shit I said Fuc I’m the man bitches

[@bidensucsbigdickskalmadrin6877]

i decided to run my cards up to 52k then went bankrupted ,got married to my wife and i feel great!!! ,why pay it back that’s stupid.

[@Jenda-ld8dj]

BS.

[@spot_of_tea53]

That food budget with five kids, game over with his salary.

[@DavidGonzalez-ru4uz]

How much do you think they spend on food?

[@jml9550]

It is not the grocery budget, it is the eating out that’s out of control.

[@alinatamashevich3354]

Momma maybe unable to cook!

[@rory644]

@@alinatamashevich3354 daddy has hands 🙌 aswell

[@alinatamashevich3354]

@@rory644 Bingo