I'm 54 Years Old And Panicked About Retirement!

[@eks9225]

I feel like I’ve won the lottery finding Dave Ramsey at 18 before having any debt!!

[@baldwinangel1218]

Yes. Yes you have. Not all of us were given financial education in high school to be an adult.

[@edjordan7527]

You are correct!! My generation was lucky to know much about anything without having grown up in the internet age. The generation before me worked in the cotton mill for 2 bucks an hour. I'm glad to have escaped that.

[@dustinschweser1204]

You see, the Trick to having a lot of money and secure financial future is to make a large income! Now i feel like Dave Ramsey... ;-)

[@Themrleonkennedy1]

Yes you have I’m hope you start saving and investing now. Open a Roth IRA as it can’t be taxed when you st at t withdrawing money at 60, taxes will always go up so a Roth is a smart move. Open a brokerage account with fidelity as well and put money in it every month. I promise that you will become a millionaire before 40.

[@keithcastleberry3993]

Technically you have! Dont go into debt and follow good sound investment strategies and you basically won the lottery.

[@waterheaterservices]

At 61 I have a word advice to 21 year olds. Start on your retirement now, even if in the smallest way, start NOW. The next 40 years will pass by quicker than you can believe.

[@warrenhaines1717]

I am a similar age and you are exactly correct. I can't believe that I have been working for 40 years already. Fortunately I discovered Dave twenty years ago!

[@beckyshell4649]

True if your employer does a match take every penny. Put some in 401k and load up on Roths. Take a payroll deduction and you don't miss having it.

[@imveryhungry112]

Also invest the money into high quality index funds. Dont need to be wolf of wall street trying to pick the perfect companies.

[@Twyscape]

I started saving for retirement at 27 (52 now) and I wish I started at 21 instead of partying my bachelor years away. I should be ok but I really wish I started that bit earlier.

[@barbieblue3336]

Totally agree. I love suze saying, focus on your retirement. Not even kids' college. No one said that years sgo, not really

[@LeveledUpPrize]

I'm a 19 year old college student worried about retirement! Thanks to Dave Ramsey!

[@nicolettecarpenter9863]

I’m 25 and trying to worry about it but health issues :/

[@budgetingforfinancialfreed5227]

Because you're so young you will be ok. Especially if you keep up with your finances and keep learning and growing....you will be ok, actually better than ok. Good luck!! 😁👍

[@RusskiCommieBot]

Save for your retirement with Gold and Silver. Paper money is trash because governments are printing it like there is no tomorrow.

[@greenAbbot]

As long as you turn that worry into an actual step-by-step plan, the worrying you do today will be the ticket to not worrying when you are this woman's age.

[@retiredmanager510]

Save young and retire young vs play while you’re young and be working while your old. The choice is yours.

[@V.stones]

I look at all these people who’ve got it figured out, and I can’t help but wonder if I’ve left it too late. I don’t know where to start-should I be putting more money in stocks? Should I just save in a safer account? It's all so overwhelming

[@Annie2229]

I get it. It’s tough when you’re thinking about all these years ahead, but don’t panic just yet. The key thing is to avoid rushing into decisions based on fear. Trying to chase big gains quickly can backfire-especially in a volatile market. You need someone who understands the long-term game

[@louisahernandez]

Exactly. Panic decisions can lead to real problems down the road. For example, I've seen people throw everything into high-risk investments hoping to catch up fast, but that can wipe out what they’ve already saved. That's when you end up in a worse spot

[@Bigwilli123]

I’ve been there myself, trying to time the market and worrying about inflation. The pressure to make a big move often makes us forget about steady, consistent strategies that have worked for others. It’s not about getting rich overnight-it’s about making your money work steadily.

[@Liamphotos]

So what’s the answer? I feel like the market's been so unpredictable lately, and I don’t want to lose everything

[@Bigwilli123]

Honestly, that’s where a CFA like Joseph Nick Cahill really shines. He’s helped so many people with a solid, long-term strategy, and that’s what we need at this stage. He knows how to work with what you have, without the pressure of trying to get rich quick. His focus is on smart, manageable growth

[@chopperinmylivingroom2335]

She sounds so impatient! I could NOT imagine purchasing a home from this woman...

[@greenAbbot]

Hopefully she can leave her stress behind when she goes to make a sale. I've had people who tried to sell me stuff (cars and investments) who actually got angry that I was asking questions rather than just taking their word for the fact that they were offering me a good deal, and it did not work out well for them. If you can't work with a customer without it popping into your head that you need the sale in order to make your mortgage for the month, sales may not be for you...

[@ariefraiser140]

She's impatient because she's 20-25 years behind....

[@emmanuelgomez1973]

That is why her income fluctuates.

[@GR-uc1gq]

@@greenAbbot can you give us an example of that situation. I very interested

[@666dynomax]

i thought she said she was a roofer. shes smart like a roofer... and not the guy driving the truck... the one that sits in the back and is late every day when the truck stops to pick her up with no lunch packed but a hangover and a pack of smokes ready to roll.

[@Austinole11]

I'll say this, she listens about as well as any other realtor I have come across.

[@jonnychingas5757]

@Mike Dylan I'm a realtor and you are an idiot.

[@topcomment3816]

jonny chingas You are not listening!

[@jonnychingas5757]

@Mike Dylan theres an old saying "it's better to keep your mouth shut and be thought an idiot then to open your mouth and remove all doubt" You just removed all doubt, You're a bigger idiot then I first thought.

[@jonnychingas5757]

@Mike Dylan Yea it's a real antiquated occupation. 2019 was a record year for me. So stick to your job at McDonalds and continue to loath anyone that's doing better then you, which is about 99.9 % of the population, you're just another jellybean stuck to the bottom of the bag .

[@sunriver3946]

@@jonnychingas5757 I have been in sales for over 30 years and realtors are not real sales people. You can't change or modify any home enough for somebody to be persuaded to change their mind to buy a house. In other words, you are an overpaid glorified paper pusher that extorts up to 3% of a real estate transaction from the hard work homeowner. You bring no value to the equation other then an admin function. People can get their own mortgage and title company. Heck if something needs to be fixed on a house before it is purchase it is usually the seller that has to arrange that too. Most relators just want to list your house because that is easy money! Aside from writing an offer I am not sure what if anything you do other than we have to pay you 3%. People even find their own homes on the internet. Your in a business that will hopefully die soon and we can all save a lot of money!

[@landlord5552]

He tells truth story! My house payed off now at 43 and zero other debt. Free to invest more than 50% of income now.

[@gritsnwavy3059]

She didn’t want to listen. Ma’am if you have you own plan don’t call Dave!! 🙃

[@jeanp.5929]

she needed the reality check.

[@joeb4416]

She wasn't combative. she was anxious. Ramsey was combative (as usual). And how could Ramsey not ask her and her what her income from Social Security would be for her and for her husband? That's a huge part of the retirement picture!

[@charletfoster8917]

Agree

[@alyxskyler]

@@joeb4416 you can find out the exact amount to be paid from SSA years in advance? If so that’s nifty

[@bailey-k6b]

It's YOU who wasn't listening

[@sandiego3704]

I’m a agent too and can see her need to save all that money for a rainy day but she’s got to trust the process! Best of luck to her

[@dbealby]

at least she has a career that she can work past 65. My dad's 2nd career has been real estate and with his corporate business background he is awesome at it. Relationships, customer focused, and not so much a grind like senior management. Proud of him!

[@cooperscreditconsultingint6792]

That's excellent!

[@AnnMitt]

She's in better shape than most of Americans

[@alexfonseca2063]

AnnInTheMitt She’s probably in better shape than 95 percent of the world.

[@mikefox3939]

@@alexfonseca2063 sad but true

[@djent1448]

@@mikefox3939 How is that sad? That is good

[@mikefox3939]

@@djent1448 good for her, sad for the 95 percent

[@mzhenf]

My goodness. Are you kidding me? America is the most powerful country in the world.

[@CaseyBurnsInvesting]

Sheesh, she was very combative. I remember being a personal trainer and having to train people who don’t want to listen 🤦🏾‍♂️ Start young if you can!

[@everettfanor1989]

Im 30. Single guy. Im Really cheap. Already worried about retirement lol I make $80k a year. Im in a better position then 80% of americans my age group. I wanna make Millions by 45-55 yrs old and not be scared like this old lady.

[@GR-uc1gq]

@@everettfanor1989 great numbers

[@CaseyBurnsInvesting]

MONEY/SUCCESS 10Million Sounds like it’s time to improve that 80k every day until you’re ready to stop working while keeping expenses down to me.

[@curtisg8399]

MONEY/SUCCESS 10Million 👍

[@DiscoFang]

@Sponge Bob She was combative because every question she asked was challenging nd questioning Dave's advice. Dave said "Do this." She responded with "So I should NOT do this other thing and this other thing? I thought I could do this other thing." Repeatedly.

[@chenyitube]

When that HP calculator broke, I thought Dave was going to pull out an Abacus from the drawers.

[@galupproperties3098]

I just paid off my first house. It’s only a 65k house but it’s officially paid off. Just got the quicken loans notification this morning. I’m going to continue to max my Roth IRA out yearly and try to get a duplex next. ☺️🥳 I’m currently 28.

[@ronnieking3848]

Awesome!! ✨

[@lisadanielleclark]

Great Job!

[@cooperscreditconsultingint6792]

Excellent job!!!

[@drewtakesprofit8897]

where do you live? not a single house in my area under $400k

[@galupproperties3098]

@@drewtakesprofit8897 Pennsylvania lol. The weather sucks but we still have decent prices especially in the lower income areas.

[@GuitarCPA]

Dave "extra calculators in the drawer" Ramsey

[@laurenmartin7720]

Lance M 😂😂😂😂😂

[@newtonraymond77]

LOL

[@acheekychick]

Thanks for your comment! They were exactly the same too!

[@richardgalvan4639]

I had to rewind to listen to her question again I was so distracted by him with the calculators😂

[@robertcampomizzi7988]

I love that as smart as Dave is he reached into a drawer for a backup calculator when there is one on his laptop.

[@BusArch42]

Probably has it programmed already

[@justwait9822]

I hate using a lap top keyboard for calculator functions. A lot of them don't have a keypad. I'd rather just use a normal calculator.

[@Jeff321]

She sounds like the type of person who will do exactly none of what Dave suggested haha

[@bobbyu8991]

I hope not

[@steve03260]

Exactly... and then blame Dave when she doesn't do what he says and ends up further behind. She won't spend the emergency fund and will continue with the car payments.

[@Columbus1152]

Some people can hear a message, some people only hear the words. She didn't get the essence of what Dave was trying to tell her, get rid of debt and the rest will follow.

[@ericac6843]

Lol idk why she sounds annoying to me

[@alouie1510]

erica c she’s a residential real estate agent, is like the Mos Eisley of professions. All she has to do is pay her flipping cars off and she’s got no worries and she’s still whining. “But my income fluctuates!” Ok, make more money!

[@zybard01]

I love people calling up to negotiate an alternative Financial Peace Plan with Dave.

[@mrenae6798]

Lolol

[@AdamOusley]

Can anyone tell me when she should pay off her cars? I missed that part.

[@beberlybrito4739]

Lol 😂😂😂

[@gapeachva]

To get out of debt

[@RheaAC5]

😂😂

[@Kingsu451]

I think he said to pay them tomorrow

[@msims1081]

😂😂😂😂

[@fdm2155]

I'd be worried if my retirement plan included working until I'm 70 - 75 years old!

[@cisium1184]

I might change careers, but I'll never stop working. People need to work or shrivel up and die. Check the Social Security Administration stats on early retirement and mortality.

[@tmusa2002]

The problem is the risk of physically being able to work past 65. I’m assuming I won’t be able to just in case! My dad died at 62 and mom at 78. It’s not looking real bright for me in the senior years!

[@paulb1383]

Who wants to have to work until they are 75?? Life is too short for that. It's different if you want to do part time work

[@yrellim]

@@tmusa2002You have this knowledge- do the doctors say the future is short!?

[@Gnosis31528]

My husband keeps working because he loves his profession, co-workers and boss. He said he’d be bored to tears if he stayed home.

[@seeyeah5172]

Pay off those cars TUH-DAY!

[@BimmerBabe]

lol TUH-DAY!!

[@fathead3381]

Think of how much smaller your emergency fund would be if you didn’t have 2 car payments to worry about every month.

[@nuleafonlyfe04]

I just love how people call a multimillionaire for advice, but challenge said multimillionaire's advice......

[@evenbiggeral5089]

She’s a hard worker and sells a few houses, but she seems limited in her abilities so no wonder she is worried. Dave is absolutely right..let go of your emergency fund and pay off the cars.

[@Foo3112]

Something tells me she ain’t paying her cars off.

[@bighands69]

If she is wise she will do it so that she can start focusing her income elsewhere.

[@kidneedonor8088]

I have the same old antique Hewlett Packard calculator. Almost 40 years old and still works well.

[@ChristopherAbelman]

I’m 36 and I have about ($190k) liquid in savings which I plan to put towards becoming a homeowner, but based on the current high prices on real estate, do you suggest I hold from buying and look at stocks instead?

[@JosephineKenney]

Yes, housing crash is coming. If you're thinking about investments to earn huge income while maintaining the ability to access your money and safety, so you don't get caught in a market decline, a financial planner can come in handy

[@PennyBergeron-os4ch]

I completely agree; I have approximately $650k in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

[@HildaBennet]

This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?

[@PennyBergeron-os4ch]

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. “Sonya Lee Mitchell” is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

[@PennyBergeron-os4ch]

Sonya Lee Mitchell is the asset manager I use. Just research the name. You'd find necessary details to set up an appointment.

[@MegatPage]

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

[@DilaraKamelya]

True, I mostly just buy and hold stocks, but my portfolio has been mostly in the red for quite awhile now. Unfortunately to be able to make good gains, you’ll need to be consistent and restructure your portfolio frequently.

[@StocksWolf752]

In my opinion, it was much easier investing back in the 60s but it’s a lot trickier now, those making consistent profit in these times are professionals reason I’ve been using an advisor for the past 5 years to consistently build my portfolio in preparations for retirement.

[@StacieBMui]

My partner’s been considering going the same route, could you share more info please on the advisor that guides you?

[@StocksWolf752]

Sonya Lee Mitchell maintains an online presence that can be easily found through a simple search of her name on the internet.

[@crystalcassandra5597]

Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.

[@NotQuiteEpic]

Low mileage doesn't mean you don't sell the cars.

[@MikeBarbarossa]

Selling cars is not a good idea if you need them. Pay them off and drive them until they're 15 years old is the right way

[@everettfanor1989]

She probably just got it and feels attached to it.

[@raydavies6236]

@Blob Monster Only reason to sell a vehicle like that if it was too expensive of a model for you in the first place. If they bought one of the $70k pickups then it is a lot different. Every time you sell and buy a vehicle you lose value in the process.

[@Kitiwake]

He's 100% right. Car payments carry interest payments. Pay those payments into emergency and pension funds.

[@Gonzomedic1]

God bless Dave! People call for advice give him what's going on and than won't shut up and listen!!!! SHEESH!

[@howellwong11]

Better late than never. Here are some rules. 1. Never borrow money except for a house. The interest will eat you up. House is the only one that appreciates to absorb the cost of interest. 2. Never buy a new car. A good used car has already been depreciated. 3. Make up a good realistic budget and stick to it. 4. Try to save $ 5500 each year to put into a self directed Roth IRA invested in a growth stock. 5. Have life and medical insurance, hopefully with contribution from your employer. I started at 48 and retired comfortably at 68.

[@nkyryry]

The emergency is the car payments. PAY THEM OFF!!!

[@burntblonde2925]

I wonder why she wasn’t worried before this? You pretty much keep working and you don’t get to retire. She’s hard to listen too. She keeps interrupting.

[@magicpony9]

DR: “well youre gonna pay those cars off today.” Caller: “so when i get my husbands car paid off i can start doubling payments on my car...” DR: “pay those cars off today.” C: “i was thinking i could use the money to pay my mortgage down.” DR: “Pay. Those. Cars. Off. TODAY.”

[@Sinful_Survivor]

😂😂😂

[@calidawl]

It always baffles me when people try to challenge or rationalize with experts. Just LISTEN and be grateful that they’re telling you what they would do if they were in your mess!

[@WJ4x4OR]

😂😂😂😂😂😂😂😂😂😂😂😂

[@rnupnorthbrrrsm6123]

I can never figure out why people call and want advice and then don’t want to take the advice 🙄

[@dianawilliams8801]

Get debt free first! Dave always suggests this

[@aishah5244]

Calls and asks for advice...then fights him through the whole dang conversation! I bet you her husband is some where telling her "I told you so!"

[@rolandl4782]

From Sweden.. I wish I had seen this and been taught to save when I grew up

[@Tone__Wes]

She has 25k in emergency fund but still has 21k in car payments? That makes no sense. Pay the cars off and then you can breathe easy. You can easily pay off the home and save for retirement after that.

[@MrSteeDoo]

Well, that's the kind of person who calls a stranger with a radio show.

[@KMF3]

I totally understand it. I was where she was and did not use my savings to pay off my car but I made double payments and paid it off fast. The fear of being without a substantial savings does not compute to me and I would never do it. I have no debt now except for my house which is close to being paid off.

[@bighands69]

She is 54 so paying the cars off is the most obvious things.

[@jimhandler1129]

She'd scared to lose the security of an emergency fund, but doesn't understand the interest she is paying on the cars and the great feeling she will have of being debt free with a smaller emergency fund to build.

[@drewtakesprofit8897]

its different being self employed. need that security if income drys up for a bit

[@reggienhappiness8851]

Why call if you’re not gonna follow directions

[@cuba223]

I love how old people talk to each other cause they always sound so rude but they’re not and they just laugh after the conversation 😂

[@eileenwatt8283]

Now that's funny. What age is old to you?

[@supermantat2006]

Dave’s side eye when she starts rambling about the cars... 😅😂🤣

[@cato451]

i can’t stand people who don’t listen

[@irocitZ]

Me neither, it makes me crazy. Repeating myself because people don't listen wastes time that I just don't have.

[@khoado123]

wish i found Dave when i was 18.... found him when i was 25 and i'm 28 now, glad to say i'm debt free, have 6 months of emergency fund and currently investing aggressively for house and retirement. Everyday i go to sleep, i think about how my life could have been if i found him at 18.

[@carlkpsplucky5554]

What choices were you making at 18? I’m 17 joining the Air Force soon, I’d like to know.

[@ag4allgood]

Don't look back & regret. Its wasted energy but that fact you know mistakes were made is good enough. Debt free at 28 , nice !

[@Justamanliving]

@@carlkpsplucky5554 How are you liking the Air Force?

[@carlkpsplucky5554]

@@Justamanliving it’s cool, been in almost 2 years. 20 with a car and over 6k in savings. Also learning marketable skills. I like it.

[@Tamar-sz8ox]

You’re doing great !

[@AnthonyJones005]

Acquiring a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $160K for some time now, but my major challenge is not knowing the best entry and exit strategies. I would greatly appreciate any suggestions.

[@oluwasegungideon4359]

@MelodyBurke-yd7jm Please who is guiding you and how?

[@oluwasegungideon4359]

@MelodyBurke-yd7jm Thank you for the lead. I searched for her, and I sent her an email. I hope she gets back to me soon.

[@Vishypoo]

buy the market, not the stock. safest bet.

[@ronsmith4325]

All that money stashed away in the emergency fund and still has two car loans? WHY??? I don't get it.... Sounds like she's not all that interested in following Dave's advice either, just wants to argue. If your income is that unstable as a realtor, then sounds like you should be looking for a second job... Keep living the way you are lady, soon you'll be 70 and still be in the same situation. By the way, low mileage means nothing in the world of used cars. It adds no additional value whatsoever... your car still depreciated as soon as you drove off the lot, and continues to do so while it sits in your driveway or garage, irregardless of the mileage... 🤦‍♂️🤦‍♂️🤦‍♂️

[@panpluto13]

Irregardless

[@jamilibilybob4558]

Low mileage definitely means something when it comes to used cars are you joking?

[@leeonr]

this is great feedback, irregardless of choice of words used.

[@LDT7Y]

Maybe she found a unicorn savings account where the interest on that 25k is much higher than the interest on the cars?

[@Mitzi73]

Dave has to remain positive but let’s face it, you can’t assume you will stay employed until post 65. This woman’s house is on fire.

[@cisium1184]

She's a real estate agent. Unless people start living in tents, she can probably work as long as she lives.

[@sflspotter6638]

At 54 and she’s a realtor only making 30k-70k a year wow maybe try changing professions. Sounds to me like she isn’t that motivated to sell.

[@Elizabeth-yg2mg]

Ever tried changing professions when you're 54? No one will hire you...

[@sflspotter6638]

Elizabeth sure if you want to play that negative roll of course they won’t hire you. Especially if your resume and numbers don’t justify being hired. If your a leader and are well known to be a leader then your being recruited.

[@elmateo77]

It's gotta be that whiny, annoying voice. I certainly wouldn't want to deal with her long enough to buy a house. Yeah even $70k is pretty bad for an experienced realtor.

[@everettfanor1989]

Her and the husband is making $70k a year gross total.

[@GR-uc1gq]

@@Elizabeth-yg2mg can work at wells Fargo, we just hired a 50 year old part time. And if she plays her cards right she can move up the company and make at least 50k

[@Ram-vt3rm]

“I am a real estate agent” enough said.

[@UKEducatedLady]

Most people in their mid-50s who have worked 30 years are counting down the years to retirement already. The thought of working to 75 is horrible.

[@benicio1967]

You’re right. And the greater majority will have to.

[@kathrinekruse6974]

I panicked at 13, and I love my current life. I was not gonna live like my parents. I had everything as a child, including parents fighting about mony

[@mercuryrising2424]

I like the fact that she is panic-stricken. It means she will actually do something and in the right time frame. Hopefully she took Dave's advice.

[@tlanden]

I love listening to old people argue. Let’s just keep repeating the same thing over and over again and talking on top of each other

[@HamiltonRb]

Are you say you children dont talk over each other?

[@greenAbbot]

Ouch--is 54 old? At least they are talking about it. If she'd had this conversation when she were young, she wouldn't have to be having it now. But too many young people just laugh and say "I'll work until I die" and then change the subject. My dad is almost 80 and he often argues just like you say--but only about the little things. He listened to experts about the big things, financial and otherwise, when he was young, and now he can afford to not really have to care what other people's opinions on finances are. That's a pretty good way to win an argument.

[@Elizabeth-yg2mg]

Old people? You are basically the same age in the scheme of things.

[@PLeighG]

Landen don’t be rude

[@sunnyd4734]

I'm 54 and this lady sounds 74.

[@barbieblue3336]

Yes

[@nw8000]

OMG! that's the first time I have even seen a calculators battery pack up! He must go through one a week lol

[@dorenestewart5084]

I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[@dorenestewart5084]

@JillMiller2 It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.

[@dorenestewart5084]

@JillMiller2 Hi, please who is the expert assisting you and how do I reach out to them?

[@666dynomax]

why does she have 7 months emergency fund and car debt... shes got this outta order

[@sunnyd4734]

Most likely because of the volatility of her career. Real estate can be feast or famine. She tried to prepare for lean times. The two cars she purchased might be more extravagant than what she needed.

[@GusMahn]

If you already paid front-loaded interest, what's the point in paying off the car? I get it on a newer loan, but if you've had a loan for a couple of years with only limited interest left to pay, why?

[@vestagirl8484]

Such a rude and ignorant woman. She thinks she’s smarter than Dave. She’s not going to follow his advice.

[@666dynomax]

she can't follow instruction.

[@archiealsobrookii4755]

The Dangerous Part is that she is so scared that she is being led by her fears and trying to force her fears on people who are trying to help her.

[@sunnyd4734]

She works in sales. Aggression is usually part of a sales demeanor.

[@ryanweston9677]

I can’t imagine being married to this biotch

[@KMF3]

Wow everyone is so judgmental

[@jamessteele7102]

It’s depressing that so many people have to work well into old age. Most of us are slaves. It’s a kinder, gentler form of slavery, though. But it still sucks.

[@stevevalkos6308]

now it's scary how many people THINK they can work into their 70's - all too often, a layoff or health issue can interrupt THAT plan

[@tstanley01]

My question would be how much equity do they have in their home. If they have more house than two empty nesters need, they can move into something smaller and have zero house payment today, that would put them in even a better position to meet their goals.

[@roseschulze1647]

I can kind of relate to this woman. It can be scary to deplete your emergency fund that much, even if it's the best think for you.

[@fdm2155]

Yes, all the people insulting her don't seem to get that it has surely taken YEARS to save that emergency money. So the thought of spending 90% of it on a non-emergency is a HUGE mental shift.

[@deepfakesforreal9487]

@@fdm2155 I do not understand why people buy fancy cars when they aren't sure about their finances. 15k on a car sounds a wee too much for me. That would have bought me 3 cars and its her balance in her 50's?

[@fdm2155]

@@deepfakesforreal9487 Agreed. Though I've never been infatuated with cars. I think you just need something reliable and in good condition. Having a super cheap car can get WAY expensive for repairs. I never understood why people prioritize owning expensive cars they will struggle to afford.

[@deepfakesforreal9487]

@@fdm2155 a 10k average Toyota is as reliable as they get. Never owned a car that expensive and have had good experience with cheap cars in general. Maybe I am just lucky

[@cisium1184]

@@fdm2155 Used cars are funny. A good one saves you all kinds of money, but a bad one can cost you more than a new car payment. And a used car can start out as a good one and turn into a bad one. I have never owned a new car, but I have spiraled with a couple used cars that at the end were costing more than car payments to keep running. Of course insurance on a used car is *always* cheaper.

[@Ali-Muscle]

I have a feeling she’s not going to pay off those cars with the emergency fund.

[@kyliefan7]

😂She was doing the Dave Ramsey Extra Lite Plan!!!

[@toommy43]

I put 25% of my bi-weekly paycheck to retirement plan since I listened to Dave back in 2014!! No debt, except $78K mortgage..

[@albacus2400BC]

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

[@albacus2400BC]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@AgueroBankz]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@patri_mb]

Haha i love the calculator situation

[@terrytitus6945]

Paying a car off ASAP is a top priority because you will have car repairs,I had to personally replace a battery because the warranty didn't cover it,had to replace a couple of tires,oil changes,there will be some expenses or lost time because of a car!!!

[@Dametime213]

Dave: ...... Sell it!! Caller: sell what!? Dave: yes!

[@teeduck]

She can work till 70. Max her and husband's social security, paid off house. They will be fine.

[@carollayne87]

Working until 70 sounds doable when you are younger but you haven't got the same energy as you age. Energy starts to taper off when you approach 60 and ill health becomes more likely. You should try not to have major debt past 60 if you possibly can and work because you want to not because you have to.

[@aolvaar8792]

@Atty. Johnny Sins Personal Finance I like my $100K/yr pension more than I would a $500K IRA

[@aolvaar8792]

@Atty. Johnny Sins Personal Finance Your comment does not hold water. I don't have an IRA and I have been retired for quite awhile.

[@carlkpsplucky5554]

A Olvaar what was your profession?

[@spiritualexercise265]

If you are at any point in your life and feel panicked about retirement, think outside the box. Outside what you have in your mind as your ideal plan. This doesn't mean you are settling for less, but instead opening your eyes to more possibilities. In another area of your home country or elsewhere.

[@joeyk19801]

Since when did it become normal to work until your 75??? That's nuts... Corporate slavery

[@Je.rone_]

*If you are concerned about it your doing better than what I see most people doing💪🥶*

[@AudraZapoticky55]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>>>.

[@Annis-co7vu]

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,

[@Madlyn55]

how do I get in touch with this consultant that assist??>>>>

[@Annis-co7vu]

STEPHANIE KOPP MEEKS, that's whom i work with look her

[@Madlyn55]

Thanks for these recommendations.....,,,

[@londrahunter8554]

Bill Payments kill your monthly income and savings potential

[@jeff7976]

Hitting that calculator like the math don’t add up...😆

[@nauticaguy123]

You the man DAVE!

[@yolandavenable2900]

Good Lord! Lady LISTEN!!! I understand that she's nervous, but just write it all down and follow it.

[@wmurray003]

Millionaire's AT 70? For what?

[@aclem8246]

Most people. especially if you have kids and are trying to raise them and get them into college, spend most of their money on the kids. It is after this that people really start planning for retirement. At 54 you have 23 years until retirement. Plenty of time.

[@tauntingfrenchman3054]

Who do you know that wants to retire at 77? Or physically can work until that age?

[@Aminah6623]

@@tauntingfrenchman3054 My former colleague is 83 and she is determined to die in her office. She can save for 15 years though

[@MelissaReynoldsLawrence]

This lady was NOT having it!

[@Dividendsmattertoo]

I’m trying to get my gf sister and friends to start investing in taxable and non taxable Brockage accounts and we are in our 20s but only my sister is barely listening to me everyone else isn’t thinking about the future

[@jellybeans9283]

S P don't waist your breath tell them once and move on. Adults should know how to prioritize.

[@vivianp5962]

Wish i had someone like you in my life, when i was younger. If they don't listen, just move on & take care of your self.

[@sunnyd4734]

Focus on your own retirement planning. But I would advise you not to brag to your friends and family about your account because people get jealous, especially family. Sooner or later the topic will arise again and if asked, you can casually share what you've learned from your own research. They can accept it or they can move on. Do not offer specific investment advice. If they use your advice and the market drops, they will personally blame you for their misfortune. Handle this type of situation carefully. Good luck!

[@nicolettecarpenter9863]

This lady makes me want to facepalm so much and scream OK Boomer 😂😂😂

[@FaintAura]

Typical boomer smh

[@ljay2823]

Why? I thought boomers were the rich ones and had ruined it for the next generation. Sounds like they're just as clueless about money as the people I work with (who are definitely NOT boomers).

[@nicolettecarpenter9863]

Angel Overturff lol close enough...some Gen x’ers act like boomers

[@ljay2823]

@@nicolettecarpenter9863 And many 30 somethings act like the world owes them everything. They balance each other out I guess. Add in the clueless 20-somethings and you have the end as we know it.

[@TR-sg8mq]

L Jay boomers they definitely haven’t helped future generations, but they’re a cop-out for my fellow millennials and their shortcomings.

[@MrNGTfan123]

What is so hard to grasp?

[@deangray1823]

I know Dave has helped a lot of people and I've enjoyed listening to him over the years. What amazes me is what he teaches people has always come naturally to me with no financial training. My wife and I have been very comfortably retired since 2012 and neither of us has ever made more than 50G a year. We paid our mortgage off before we retired and raised our two daughters fully funding college for both of them. My wife's parents and my parents grew up during the great depression and shared their stories from then with us. We listened to those stories and apparently learned from them.

[@Robw1960]

Dean, my situation is almost exactly like yours. Not retired yet but will be soon. Having no debt is the key.

[@1redrubberball]

So many callers don't understand Dave's instructions and really want step by step directions to follow!

[@greenAbbot]

I mean, his instructions kind of ARE step-by-step directions.

[@1redrubberball]

@@greenAbbot To most of us it's intuitively obvious what to do. This caller seemed lost, as if money management is a black art. She's panic stricken?

[@tr3slech3s]

When he says “good gross stock mutual funds” are those just like chosen ones that Meryl Lynch would choose on their own? Or do you gotta go in there and switch things yourself ?

[@davidleonard4925]

One thing to keep in mind is when car payment goes to zero that does not mean you have that all of that payment amount is now available to you. Reason being is though you no longer have car payment as an item in your budget you now have a new budget item called car replacement fund.

[@DisabilityExams]

Pay off your car loans, work harder, save more. Done.

[@UliSwag]

This caller grinds my gears

[@ErrorPagenotFound-ig1cy]

Meh. She’s a realtor so her potential for income is still limitless. They’ll be okay good thing she called Dave for a second opinion.

[@mac1bc]

Unless we hit another recession...

[@ErrorPagenotFound-ig1cy]

mac1bc God forbid. Correction is okay but a full blown recession? No no no

[@ErrorPagenotFound-ig1cy]

CB isme just checked my stocks a minute ago. All green.

[@kjones1785]

"Today!!!! " ... is that clear enough :)

[@averagejoe9249]

I'm 22 years old, and panicked about retirement

[@howellwong11]

At 54 and 35 years ago, I was saving 25k a year. I was working overseas with housing and food allowances, but I had to forego the comfortable life I would have had back in the USA.

[@24califrank]

I was paying $500 on car payments... now my car paid off. Im able to save alot more now

[@ThinkMoneyBenny]

This is exactly the call we don’t want to make at 54. I want that call to be much more pleasant. =]

[@MrJay197409]

No I be 84 and still working.

[@ChrisMFlorida]

Call in at 54 as a millionaire 👍

[@ThinkMoneyBenny]

Mr. Carroll Ware working for yourself? and because you WANT to.. then by all means!

[@raccoonz8526]

Think Money I’m 49 and won’t make it to retirement.

[@olliehopnoodle4628]

We are in our mid fifties. We live in the same small house we bought almost 30 years ago. No mortgage, no debt. No Kids. No divorce. Retiring next month. You can do it too!

[@kevinkidneyy]

Why call lady ? Haha if you want to do it your way then do it !

[@eastnmhs]

I got the feeling she isn’t going to do anything he said. I’m worried about retirement and I’m 33 years old with 110,000.00 put away and a paid off house already.

[@casienwhey]

Dave tells it like it is. No sugar coating.

[@xdozie]

Do pension jobs still exist?

[@GardenerEarthGuy]

If you work in government....

[@forbin1185]

Or in the very rare union job that hasn’t had a CBA get rid of the pension in exchange for a 401k

[@ChrisMFlorida]

Yes.. government.

[@PInk77W1]

I’m getting a govt. pension. $2400 take home a month. But I almost got kllled everyday For 27yrs. So I saved the govt Millions of dollars

[@dpborn2721]

Yes! I have one non government and they also have a 401k with 7%match.

[@jspanos500]

Yikes. As low as their retirement savings is right now, I know there are more Americans that don't even have half that amount.