How Do I Balance Life While Paying Off Debt?

How Do I Balance Life While Paying Off Debt?
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[@Erika2]

I had over $200,000 of student loans. My approach was that I would rather sacrifice and live frugally in the short term to get that debt paid off, so that I could reach financial freedom sooner and not be weighed down by that debt. It's not about sacrificing to the point of where you're unhappy, but cut out everything that doesn't bring you much joy/value. For me, I cut out things like shopping. I stopped eating out. I walked to work. Little sacrifices like that really paid off for me.

[@user-td7xf3gz4l]

Good job erika!

[@CoCMember]

I've stopped eating out, I only drive my car on the weekend to visit my parents. There I eat and wash clothes. Grab food and head back to my house 2.5 hours away. I walk to work and spend time with my dog near our home. If i stay a weekend at my place, I take her to a park. I've seen a huge difference in my expenses!!!

[@jacobo9611]

No food or drinks after work during the week works for me

[@Erika2]

@@user-td7xf3gz4l Thank you!

[@Erika2]

@@CoCMember I LOVE this!!! Keep it up!

[@ryanking6915]

Corona tries to infiltrate Daves immune system. Daves immune system: Whats your house hold income?

[@georgewest-perry6103]

Swing and a miss

[@MrZwartwit]

Your car has to go Corona. It is insanity

[@Jwalker27]

Beans and rice, rice and beans

[@pjabrony8280]

He's probably doing that to give himself some time to think and put his reply into words while not leaving dead air on the radio.

[@elizabethpalu2447]

🤣🤣🤣

[@pheenobarbidoll2016]

My dad was in law enforcement my entire life. I never saw him from birth to about the age of 12 when he started working as state law enforcement. When he was home, he was sleeping. He had very little time off, but I have great memories of us tinkering in his workshop together. He was working on the car but it felt like we were doing things together (he'd hand me gun powder and a lighter, and I'd write my name in gun powder and burn it into wood lol) I was also his helper when he was reloading bullets. I was shooting and driving by age 9. We didn't need special days or dinners. I just hung around while he was doing his normal household chores, he taught me how to do the things he was doing and to me, that was quality time. He's done the same for my daughter and now she knows how to repair or build things better than her husband too lol. A 5 year old can drill holes in wood while you're building your deck. An 8 year old can hold a flashlight for you. A 2 year old can help you pick up trash. Or dust. A 10 year old can help you organize your shop tools. Not only are they spending time with you, they're learning.

[@cgasucks]

Short term pain...long term gain...

[@NeededGR13F]

Both wind up being long term pain.

[@AndreyZenperial]

Sacrifice short term gratification for long term financial freedom🙌🏻✨

[@trolli1266]

No amount of money is worth missing time with family especially growing children. Life is fast, short and precious.

[@longranger5226]

6:26 That’s the pearl of wisdom in Dave’s phenomenal message to this young dad.

[@ZacharyLaid]

Sometimes it’s better to have no balance for short periods of time to have a happy life.

[@PositivelyBrainwashed]

I gave up everything for 2 years to pay off my 80k student loan debt. It was totally worth the sacrafice.

[@MarluART]

You mean "no balancing"? ;)

[@Matthew-kl3xh]

You must sacrifice balance to do something great or become great. Greatness doesn't come from a balanced life.

[@mrenae6798]

Yes! I did for 5 years and it was worth it. So hard going through it though. You DO feel unbalanced. There isnt a balance lol...

[@jennlowetherapy]

I am so surprised Dave didn't go back to the $22,000 owed on a car. I was really thinking he would say, Sell the Car!

[@erikkacherry4537]

Dave: How is it endangering your Son’s life 😂😂😂😂😂😂😂

[@CaseyBurnsInvesting]

“Gazelle Intensity” doesn’t paint a picture of a “balanced life”. A “balanced life” is a life lived according to one’s own choosing in reality and a myth as a prescription from others.

[@angelaalston176]

Amen

[@ligerllama]

Your balance while getting out of debt is rice and beans, beans and rice. 🍚 Live like no one else so that later you can live and give like no one else.

[@jeanlenor1858]

The guy knows when Dave goes to vacation.

[@ginamcneal4435]

Dave was gone from the show for two weeks and his personalities filled in.

[@cato451]

Focus on the goal. Life balance comes when you’re debt free.

[@bahwickee]

Quality time is so, so important. I think people underestimate the effect of really making memories with their kids. The donuts with dad thing is true.

[@Tiffinysue]

howdy, just had to tell someone ha, i just paid off a really old bill that started at $150 unemployment over payment and it was at $705.48. friday i paid it off. it hurt. it made my stomach flip when i handed over the cash, but i already feel closer to my goals. Thank you Dave for your encouragement and wise instruction. keeping you in my prayers

[@Tiffinysue]

yup. about 6 years ago they over paid me by about 150$ then my 19yr old took his life and my dad got pancreatic cancer so there was a lil time where i was sorta out of it. So it gathered interest to $705.48 ...but getting focused and back to reality and paying off those random bills i left unpaid. i’m stoked to be getting a responsible handle on my life. ...oh and exodus 14:14

[@planner812]

what a great story i can relate to it i remember times with my dad who worked all the time that when i tell him about it he really doesnt remember one time me and him went to church and after instead of coming home we went to a park and did a 3 mile hike in the woods i talked to him about it he dosent remember it but it was one of my best memories with my dad

[@pfeiffdog0811]

You got to do what you got to do. Agree with Dave’s advice here and I am a father of 3. It’s only temporary.

[@crystallovesion]

I just wanted to say again! That kids know how much time you spend with them and it's not just about getting credit for a few times! Also it is about the way that you feel as well you need that connection! Not just one or two times to check off the list!

[@ClaxtonBay123]

I'll need the Title Intern to work on that grammar. Let's go with "Balance".

[@lyzziez]

Lol the title. “How do I balancing life...”

[@user-td7xf3gz4l]

Changed

[@jeanlenor1858]

Fixed before papa Dave sees it.

[@ErrorPagenotFound-ig1cy]

This is going to sound off-topic, I wonder how many of these panic buying folks ran up their credit cards buying TP and sanitizer..

[@AbrahamsYTC]

A lot. I forgot the exact numbers, but I think it was 60%+ of people don't have an extra $500-2000 as an emergency. Meaning every other person you see is probably broke or near broke lol.

[@704ab]

I was going to, but I just charged my BMW 7-series on the card!

[@ErrorPagenotFound-ig1cy]

AbrahamsYTC it’s just annoying, people can’t afford to be in a panic mode charge everything in their CC yet there they are stressing the rest of us out.

[@ErrorPagenotFound-ig1cy]

Melinda Francis I do! And I’ve been using that method since I was a few decades young lol

[@ErrorPagenotFound-ig1cy]

704ab I was also wondering if car prices would go down lol

[@miranda1636]

great message Dave. Quality vs quantity on time spent together

[@IdaMaySmith]

This is by far one of my favorite videos!

[@ignaciomayenthegoldenrule9618]

A few months ago when I was doing a lot of overtime I asked my son to tell me when he preferred me being home over the vacation I promised him. It’s a tough choice.

[@julietfung98]

Yeah working 3 jobs is rough but I'm sure the kids will be fine. I do feel guilty missing certain events but in a year in a half we'll be debt free.

[@hzuiel]

Use it at a teaching opportunity, explain to them that you made some money mistakes, and that now you're fixing it, and explain how and why we will all be happier later, then when you actually follow through and life is better, and now you have more time for them, then they will have learned a lot.

[@richardcarlson8272]

If your wife is working then that’s fine

[@amurika6336]

My advice is let your children know what you are doing hard and give them much more love than usual if you can't take care of them often. Also, get down low and make EYE CONTACT.

[@perezident14]

“Just wanted to say welcome back from your vacation” “Thank you” “Okay bye”

[@meesc3556]

haha, i thought the same thing. Would have been hilarious.

[@nicolasparra8000]

Awkward silence haha

[@matthewwilliams9200]

that's the case if your time is spent really 100% with them when its with them and not you doing your thing basically ditching him for your phone or what ever.

[@nikan7704]

I love this perspective and reminder that it's really all about moments of quality time for kids. Not quantity time

[@MR3DDev]

Dave Ramsey: You should date your daughter. I am sure no one will take that out of context ever xD

[@CaseyBurnsInvesting]

The Donald 🤫

[@Jay-om8gr]

Casey Burns Investing smfh. You should look into that. They only thing Donald was doing was trying to market his daughter. Build her prestige. Salty dems twisted it. That’s why his supporters should keep talking about biden constantly touching little girls

[@NeededGR13F]

@@Jay-om8gr don't forget sniffing. Biden usually isn't done with you till he's completely mapped out your scent profile.

[@SmoothJK]

@@CaseyBurnsInvesting yet all of Trump's kids adore him. I wonder how many Dems can say the same.

[@CaseyBurnsInvesting]

SmoothJK Issa joke. Chill

[@CrystalClearProgression]

I spent 2 years working focusing just on working & paying off debt, ignoring family for the first time in my life! I ended up getting laid off! And all of the money that we had went to sustaining us! By the end of that I was so exhausted and worn out that I had to spend months healing myself! I learned a lot in that time, and what I learned is to not ignore your family! Your money will come and go, but your family is more important! Right after I got laid off my mother had a brain aneurysm! I encourage you, that if you feel that you are not giving enough time to your children or to your family. Then that is the Holy Spirit speaking to you and your inner Soul telling you to wake up! And getting credit for something is way different than actually having those true moments it's not just about other people's memories it's about your own as well! God knows what you need, and he will provide he wants us to be diligent but not to live by the arm of the flesh! And we are not asked to run faster than we have strength!

[@Laffy1345]

Dave is a good dad.

[@armaniwoolridge]

Spend time with the kids but balance is essential

[@willieboy3011]

Time with children is very important but difficult for some occupations. I was gone for a number of years working overseas. You live with the guilt; you miss your children so much. Had I stayed home, I do not think we could have made it financially.

[@marokimm13]

Uncle dave is about to chew someone out for the grammar error.

[@RP-mz6sq]

You mean for not capitalizing a proper name?

[@TheKnightBlade4]

Dave" put the house on eBay and the car on Craigslist" Ramsey

[@sharonshort6890]

We have done well in saving up $1000, and paying off 6 credit card in only 3 months (with taxes & beans and rice 😂.) Right now with the coronavirus scare we have paused our debt payoff to save money for the unknown, and then if everything returns to normal we'll still have that money available. Is anyone else pausing their debt payoffs temporarily?

[@johnnymartin3846]

Bs - you don’t get those early years back make the most of it you have more time as they get older

[@SimpsonMusicProductions]

Check your title 😮 Love your show 😁

[@dabd8175]

Nice title dave 😂😂😂

[@prettyinterested]

dab d I’m sure he didn’t make it he probably has editors lol

[@alvincyt]

Fixed it - "I want to do whatever I want"

[@CaseyMiddlecoff]

Forget taking on second jobs! Man start a side hustle. Mowing yards, cleaning windows, cleaning houses, power washing. You can charge and make more doing that than any second job delivering pizza.

[@ThePhilWhittle]

Dave is about to bring down the hammer. He is gonna restore "balancing" on his KZbin page..

[@kierah16]

Great question 👌👍

[@Traps_Trades]

Put “life” on hold during this time of paying off debt.

[@markbd9775]

BS Life too short..do a bankruptcy like Dave did, learn from it and move on instead of being poor and losing 5 years

[@SKBottom]

@@markbd9775 Exactly. Dave has a lot of good things to teach, but it is ironic that bankruptcy was okay for him and not for the rest of us.

[@bindingcurve]

Nope, go check his published work. He understands that bankruptcy is a tool. But look out for the consequences. And I don't think he will EVER bring it up on a phone call.

[@barryisa7353]

I have a daughter and I agree with him to spend quality time with your daughter, but I don't care for the term date your daughter

[@FiatTastic]

Dave!!!

[@fernandoh3008]

KEEP ??

[@anthonykence9954]

Yes those part jobs will make you wealthy. You need leverage thru opportunities. Look around you will find it.

[@trolli1266]

We need more fathers out there and less boys running from their responsibility after finding out about pregnancy.

[@daniellech8778]

Been watching for months now and since the recent stock market issue, I think it’s a good time to buy low in the coming weeks. What is the place u recommend? I seen the ads online but don’t know if they are the best. Feel the scam u into taking more money out

[@Je.rone_]

*no balance extremo a extremo mae*

[@ErrorPagenotFound-ig1cy]

The faster you get out of baby step 2 the earlier you can sit on the couch and spend time with your kids.

[@FrankCunhaIII]

You Rock!

[@coconutsfor2963]

I bet his wife is throwing that situation in his face- never pleased

[@stinkbaitdawelder2964]

Family cruises are cheap this time of year!

[@steelcastle5616]

Try refocusing your priorities….not everything worth while costs money. Stupidity and not budgeting does though.

[@lauracabe]

Im emotional omg 😭

[@rtrt2889]

"Ummmm."

[@jasonk8793]

I was thinking Dave was going to mention how life is never really balanced. Some things get more attention and other things don't all the time, if were intentional about what were actively working on. Everything in balance is a myth.

[@MrBrewman95]

Alabama has entered the chat.

[@KW-fx9ww]

Just chill out a bit, a year different doesnt make a different

[@chartuck]

The title has an error, David said he was working 16 hour days but the time he gave was 15 hours, and he said to date your daughter. Tennessee.

[@ekp-g205]

Depends...My kids forgot it all

[@VBrinkV]

Gr8 grammer, but actually good advice

[@christinam81]

*grammar

[@GR-uc1gq]

Thanks

[@hardchooligan]

"Date your daughter's". Daves Tennessee is showing 😂

[@bryangonzalez4138]

I get some more time to watch him

[@evanmoorman3828]

This is horrible advice. If he is making 85,000 annually he probably could cut some expenditures to pay off the debt. You will not get that time back.

[@HangNguyen-ih8rf]

❤️❤️❤️❤️

[@DeadsupraEE3]

Dave is so wrong here

[@vintageswiss9096]

I uhhh... Ummm... I... ehhhhh... Dude's never made a solid decision in his life. That's the problem.

[@Geletin911]

Boomer Dad mentality intensifies.

[@ransom182]

“Dating my daughters” ... can we come up with a better term for spending one on one time with children? 😬

[@emilyoliver7989]

being the father is a daughter first love. be adult minded!!! not child minded!!!

[@tomj4506]

And not taking a boy fishing is child abuse. LFOD !

[@dks13827]

I really thought everyone knew: Don't do STUDENT LOANS !!!!!!!!!!!!!!!!!!!!

[@KRATOSLIVES22]

How do I coronavirus while coronavirus?

[@alensnell7020]

What's your monthly income?

[@KRATOSLIVES22]

@@alensnell7020 I made 1.5k to 2k per month. I'm too colloquial to add it up ☹️

[@MichaelJones-rn2pq]

Sell the car and get rid of $20,000 debt so he can quit his third job sooner.

[@richardcarlson8272]

I would be ok with this however Dave is a hypocrite. Now this guy’s wife works so I’m not talking about her. But for most people he is fine with telling the guy to get 2-3 jobs working 80-100 hours a week while the wife can’t get 1 job. That’s hypocritical. I would be fine with him saying work a ton to get outta debt. But the wife needs to get a job. You can’t have a guy working 60-100 hours a week while the wife doesn’t work at all.

[@PassportBrosBusinessClass]

Date your daughters... 🤨

[@AbrahamsYTC]

@Sir We Are About to Die it's just the wording that throws people off lol

[@dabd8175]

Illiterate title

[@Moriningland]

Isn’t it insanely irresponsible to be telling people to keep paying off debt at this moment in time?

[@cheriebenjamin0315]

Morning Glory No, because once this passes people will be in an even tougher position if they don’t continue to do what needs to be done. Besides him eliminating the debt will lead him to financial freedom which will be better for him and his family in the long run and make him be able to set up their finance to be prepared for any other crisis that may arise.

[@chartuck]

The title has an error, David said he was working 16 hour days but the time he gave was 15 hours, and he said to date your daughter. Tennessee.