Should I Prioritize Making Money Over Family Time?

[@Fearnight]

Dave Ramsey: No. Also Dave Ramsey: You need to be delivering pizzas and driving Uber Eats on the way to your third job by the time we get off this call.

[@honey_almond_eyes]

🤣🤣🤣🤣

[@ShelleyG1014]

Fearnight you’re Hilarious and you know DR so well

[@opieutt9038]

I can't stop laughing, I need a paramedic 🤣🤣🤣

[@simplyjojo6555]

I’m dead 💀💀💀💀

[@woodside4life]

“Matter fact, why are you even on this call during your work hours?”

[@tylersanders2388]

I think he’s got his personal finances all mixed up in his business finances. That’s a possible cause of his messy and slightly confused finances overall

[@bradleymaravalli2851]

That would certainly do it!

[@joslinnick]

Spot on. I worked with someone who re-sold clothing and this was absolutely the case. There was no business account. All of the revenue came into and out of his checking account.

[@airproheatingandair7753]

Spot o

[@anthonydavis3424]

Vasectomy a grand ?

[@eizhowa]

100k after tax is probably like 6,5k a month. 2k rent, 550 school, 900 food and 400 misc leaves 2400 a month.

[@TheDjcarter1966]

$6.5K - $2K rent - $400 utilities (assuming not included in rent) - $500 gas -$ 900 food - $550 school - $400 cell phone/cable/internet /streaming services - $ 300 misc (entertainment, eating out) - $800 to savings, $650 tithe and he is right on target if he just stops listening to Dave and gets a brain of his own he can probably easily afford a 30 year mortgage, then just do what you can to pay a little extra and call it good.

[@SantosProd]

@@TheDjcarter1966 the thing is that Dave says to do a 15yr fix rate . To pay off the house ASAP

[@daveavemian5940]

15 year mortgage is not realistic anymore due to outrageous prices and interest rates unless you're in top 2 3% of income earners

[@olhakuriatnyk]

@@daveavemian5940 15 year morgage is very realistic if one makes good income. If family is not capable to create an income they should look for a smaller house and/or cheaper neighborhood. Simple as that!

[@chief5981]

@@olhakuriatnyk or just get a 30 year and pay extra when you can 🤡

[@schroedergustav5754]

The obvious answer is no, but it's easier said than done. Once you get in the rhythm of chasing your dreams, it's hard to stop. Sometimes, I work too much because I worry that I won't have enough to provide for my family. But remember, if you don't spend time with them, there will be no family to take care of. Balance can be hard (if not impossible) to reach, but make sure to set boundaries and schedule some quality time with family.

[@schroedergustav5754]

@Prey R I agree, my brother. But money also buys safety, a roof, food and stability. All of which are important for a family to thrive. God bless

[@jmorris023]

@Prey R Which of the 8,000 or so gods should they follow?

[@jamessmith3599]

This!☝️💯

[@kbanghart]

@Prey R which Christian god? LOL.. the one who condemns women for abortions?

[@kbanghart]

@@jmorris023 probably the one who loves guns haha

[@theforeignerinamerica1817]

It depends on your priorities and your spouse. If she can take a man who is 100% involved in his profession, go for it. But, if you have a spouse that doesn't deal with that, then your marriage or relationship will perish.

[@PrairieNightMoon]

They have kids too. By the time he gets off work, his kids may be grown and gone.

[@gavinv4807]

I love the tension between Dave and Kenneth. And I love it even more that they do it for our entertainment.

[@sorrygtfo]

They don't like each other lol

[@JoeSmith-jo1tf]

@@sorrygtfo Dave can't dislike him too much. It's his company, he'd just fire him if that were the case.

[@sorrygtfo]

@@JoeSmith-jo1tf that's true. Dave has an opinion about everything it's not the end of the world

[@lunganikhubone2595]

"we were teaching finincial peace we did not have financial peace" So Profound

[@annasimons389]

this is such an oversimplification. you don't just automatically double your clients b/c you hired someone. there's going to be a ramp up time. and what if there aren't any more clients to be had in the area? I mean this is absurd... its' not like you hire someone tomorrow and tomorrow your clients double.

[@SeanAdvice]

Exactly what I was thinking. Better advice would have been for him to temporarily stop saving for the house, and take the excess money to reinvest into the business, specifically more marketing and contractors to help with the business growth THEN once that process is in place, resume saving for the house.

[@zacharylowe8083]

It’s almost like they never said that it did 😂

[@hirambright9357]

The 15 year mortgage with 25% take home pay is perhaps Dave’s worst, out of touch advice. I have met people who paid off their house within 15 to 20 years on a 30 year mortgage.

[@tugboat2030]

I find his house advice down right impossible for a family living in the Northeast but his car advice to be way more car than people need. My husband and I make 150k and our cars are valued at 22k and still work great.

[@rangequeen]

Agreed. You can pay it off in 15 but the flexibility the 30 year mortgage provides can’t be beat.

[@ivanvargas2425]

Go with a 30 year loan. Spend more time with your kids.

[@joshs9066]

This is the answer. When Dave advised people to get a 15 year loan that was in the early 90’s when a house cost what a Mcchicken does today. This is the issue I have with Dave and his rigid hard and fast one size fits all financial advice. Every client is different and therefore what may work for one client might be a disaster to the next. Of course it’s difficult to market that as a book deal to sell to your cult of devout followers so instead he sticks to his dated advice that keeps people houseless and poor

[@bryan_witha_whyy]

Exactly. I bought about the cheapest house in the city we wanted to live and could only do a 30 year at the time. Now we are comfortable and I don’t regret sticking to a 30 year. If I want to I can stroke a check in 13 years to pay it but doubt I would.

[@bbtank3000]

One universal law is certain: if you call Dave Ramsey and want to make a good first impression, call from a phone with a stellar connection.

[@forrestallred4041]

I have a stay at home wife, three kids, a dog and a cat. We currently live in a travel trailer and live off of about 2000 dollars a month for all bills, and expenses. The rest of our income is being put toward a house that I’m building myself on my off hours. There is no reason why you can’t cut that 6k a month salary and live off less. People simply not willing to sacrifice the nicer things in life.

[@adamseidel9780]

This guy is getting absolutely squashed by the absurd 15 year mortgage and 25% requirements, especially in and around Chicago.

[@bradleymaravalli2851]

The caller can't get a down payment together. Regardless of mortgage terms.

[@LucasOliveira-wd5mh]

If you make $6,500 and you tithe 10% of your gross income, plus the unreal rent and daycare prices, saving $10k/year is almost unsurmountable .

[@James35142]

$6,500 a MONTH.

[@Garebare1]

Why would u tithe on gross? You never really earned that tax’d money

[@dougwilliams2890]

With the numbers he said on air, he should have 1400ish a month available after expenses.

[@mannyjeanpierre4062]

@@Garebare1 some pastors will shame you for not doing it. Some religions are just plain stupid

[@Sara_The_Feral_Housewife]

@@Garebare1 some people think "first fruits" means gross income. It's just a matter of what God is speaking to you.

[@ij1376]

Brother sounded like he's a little overwhelmed. He's all up in his head.

[@malikking7047]

I work in sales so my income varies widely. Family of 5. If I make 6,500 here is how I spend it. Mortgage and utilities 3k Insurance, internet and phones: 500misc Food: 500 Give 20 percent (1,300) Save 20 percent (1,300)

[@Bigbilly-ms9bn]

100k is not what it used to be Dave.

[@HOLDXSTEEL]

Dayuuum I make 26k year and seeing this makes me feel like there’s no hope lol

[@markg999]

Maybe in a high cost area but most places it's more than enough.

[@andnew1335]

Dumbest comment

[@thecarguy7932]

👍

[@KS_1995]

Depends. Here in KC, I could save about 6k/mo if I was netting 100k/year. That’s with a 4/2 home, insurance, and other expenses.

[@Jim_Curtis]

I think the guy should work more for a season to boost the income. It doesn't have to be forever.

[@PrairieNightMoon]

Kids grow up awfully fast. You blink and you've missed them.

[@kbanghart]

@@PrairieNightMoon so true. Can't believe my two oldest are adults now.

[@jimroscovius]

He could do snow removal in the winter when window cleaning business is low.

[@magictransistorradio4933]

I am in a similar situation in the swimming pool business. I tried hiring people, but haven't found someone I trust to give them their own route.

[@johnmartin4641]

Yes. Houses, cars, food, and kids’ college aren’t going to pay for themselves.

[@Cole320]

On board with everything that was said here, but the title greatly mischaracterized what was discussed

[@BigStaff]

He’s got excuses. He probably needs help on hiring.

[@TheChromelover]

Even your own family respects you only when you make money. That has been my experience with my mom and siblings. They used to insult when I was searching for a job. So I’d say - prioritize making money over spending family time.

[@chrisstafford8496]

Man these guys never listen and over simplify. Just because the guy hires someone doesn't mean he instantly has 40% more windows to wash and that is the assumption they were making. Yes he could handle more if he hires but he is gonna go for a period of time where his net income goes down until he builds it up. His concern seemed to be that period of time because his budget personal budget is so tight.

[@seanstandberry4961]

Exactly what I was thinking. Better advice would have been for him to stop saving for the house, and take the excess money to reinvest into the business with more marketing and contractors to help with the business growth THEN once that process is in place, resume saving for the house.

[@glennmendoza7290]

Thats exactly right!

[@Chad-qe6yv]

Works seasonal then said he's tapped out working 50-55 hours a week. My job is seasonal, guess what I do? I work 70-80 hours a week when the work is good so when the work slows way down in the winter that's when you make up the time you missed with your family.

[@viewsonichomie]

*Today I learned that Dave Ramsey company gives retirement that’s awesome*

[@chrisstafford8496]

He said nothing about giving a retirement. They probably have a 401k but a defined benefit retirement after 20 years fro uncle Dave. No way!

[@hardchooligan]

For those playing ramsey bingo, you can check off "for a season" lol

[@BrianErwin]

they should've asked was he rejecting work or booking weeks out. if that was the case, then yes, hiring someone would help. but if he just has a normal workload, he has to do a lot of work to create the demand before hiring someone

[@tomahawktom7595]

He’s leaving something out…and they have a spending problem I bet.

[@jtcr4199]

How many window cleaning customers could there be? It takes time to build a larger customer base.

[@Jumperman12mac]

Yes

[@jakec.8533]

How does dave get 100k a year out of 6200 a month? We are debt free except for our house that's on a 15 year mortgage. We make about the same amount and clear about the same as this guy. I've followed Dave's plan but I just don't understand his numbers these days. It's expensive to live these days, we pay at least 10% tithe and there's not a lot leftover at the end of the month!

[@ShelleyG1014]

You do make $100k if your take home is $6200. It’s $8333 minus taxes, insurance etc

[@emaldon7]

Lots of taxes

[@WeBeatMedicare6969]

Tax rate 28%

[@jtheidrich8683]

$6200 a month take home pay is $74,400 a year. That's after taxes, insurance, etc so it's likely that 100k is slightly on the low end of what he makes.

[@lubxtpf]

Are you out of debt? ……….. James?

[@MaxSujyReact]

Whoever answer "Money over Family time" is unqualified to be a parent. Whoever answer "100k!!" is either too poor or too rich to understand that this is 2022, not 1982.

[@yvonnecowan5994]

$900 grocery budget seems a little bit out of control for six people maybe that’s just me though. Would $600 be a bit more reasonable $100 a person per month?

[@HHHPedigrees]

$100 a person a month is definitely not enough lol

[@nephetula]

Self employed with a family of six? He shouldn't be paying much (if any) in taxes, but he's probably spending $5k-$10k per year on medical. (Which no one is mentioning.) Wifey needs to get a part-time job that pays instead of doing freebie church work, and hubby needs a part time job when his window business slows due to weather. He's lucky if he can save $800.

[@n1k01k0]

Hire your wife part time to book clients for you instead of working at the church. Be more aware where your money is going because you don’t seem to be clear on that.

[@thomasjefferson5727]

I'm not confused. Kids are expensive. If the work isn't there, or he doesn't have the time to bid and do the work, hiring another is going to cost money rather than increase.

[@everyquid8881]

I don't understand how anyone can even consider prioritising money over family! You can make more money, you can't get more time.

[@slferdskis6456]

one of us has to make the sacrifices for our family’s to get out of debt, make a big nest egg, and leave something for there family when we pass so they don’t have to worry about money just my imo though

[@crystalhull1677]

That doesn't mean you have to be with your kids every possible second of the day though. Pl

[@annasimons389]

anyone who works sacrifices family for money... it really depends on how much

[@adoe2305]

@@slferdskis6456 I would reither spend time with my father than have him leave me a nestegg.

[@danielpaschalflawlessvicto8625]

Great show

[@bilbusbungledore7222]

$900 a month is crazy for groceries. They could cut this in half and still have good nutrition.

[@aliciamorales8607]

That is roughly $4.17 per person a day...I think 900. a month is good for a family of six...

[@kara2162]

We spend $800 a month as a family of four.

[@ginoturano6821]

Rice and beans

[@t_elboss1549]

lol i know to alot of people 100k each year may seem like great money but i can honestly say after covid everybody decided to raise everything and the government decided to spend more money so now we are going to be stuck with this cost of living for about 20 years if not more

[@mrcalderon93]

I make 100k in Chicago too Lol trust me it’s freaking expensive i can see why hes not able to save as fast

[@jeremyrounds6821]

900 for food is high. That tells me they are overspending even with a budget. Review the budget with a critical eye.

[@HHHPedigrees]

100k is the new 80k.

[@patty109109]

Raising a family on $100k is HARD. Dave needs to get with the times.

[@drhoughton5481]

nope.... super eazy. unless La or Seattle type of city. Live today like no other so.....you can live like no other.

[@reesercliff]

@@drhoughton5481 people need to start waiting to have kids until they are wealthy, that's what i'm doing

[@ackwebde]

@@reesercliff Then you wait until your wife is 35-40, which equals to no kids or only with high risk.

[@bobsacamano7653]

I have prioritized making money through working above everything else by working 60+ hours a week and I'm still homeless

[@emaldon7]

You need to move somewhere you can afford then.

[@lilcajunqueen888]

Move in with Kramer.

[@tba9706]

If you don't mind me asking, what kind of money do you make and what part of the country do you live ? It is insane if you're working 60 hours per week and your homeless.

[@bobsacamano7653]

@@tba9706 $20 an hour is near minimum wage in the larger cities on the west coast

[@jimroscovius]

Stop eating out and cut the expenses. Kids don't need to be in every sport and activity. We had kids and my wife and I both worked fulltime. We enjoyed evenings and weekends, went on vacations, took trips, etc. Our kids loved their childhood.

[@trainsandlocomotives]

That money is keeping your family together. Get to work bro!

[@lucasday7330]

Dude has been flushing 2k a month down the toilet renting.

[@Mike-dd8bd]

People should sit down and understand the mental and financial burden of kids before having them.

[@mikeshaw4610]

Can they move to a different, less expensive, place.

[@THEJMAN1]

$900 a month on groceries?!

[@WeBeatMedicare6969]

He’s got kids…not sure how many…but a single person nowadays should be at minimum $75-100 per week so $350-$400…add wife and kids and it’s easy to spend $900 at a minimum

[@betitos11]

So dude makes $100k, Dave said hire help and make 30-40% more but after he pays the helper and expenses how much more will he actually make ? 🤔

[@stephenlasko9217]

You didn’t hear where Dave said it would make 100% more revenue not 30-40% more.

[@_33Illuminate]

"some gifts"

[@rdbeaz]

I work 70 hrs a week....no joke I try to do it 6days. My employer has a max 70hrs a week rule

[@wufflerdance1905]

the guy has lots of little kids....100k isnt what it used to be at all....come on dave..... food or anything else is huge for a family with lots of little kids

[@juanleonardo3359]

I love Dave and I think he is best for advice when becoming debt free but making money advice is probably not his forte.

[@Chele-nm4qx]

How many ads do I have to watch? 🤦‍♀️

[@15KHPCLUB]

This guy...pushing people to work themselves to death and never enjoy life just to pay debt and make money is now doubling down on this call Classic Dave

[@godfathaofyo]

This guy called up wanting to buy a house. If you're not making enough money, and budgeting, and unwilling to work more or harder to expand, then give up the dream of buying house, its just not in the cards.

[@15KHPCLUB]

@@godfathaofyo Re-read what I wrote Dave wants people to grind until they die just to get by and maybe build some wealth But here he is telling a business owner who says he has no margin to spend more time with his family instead of expanding his company Guy's as consistent as Sleepy Joe's brain wave pattern

[@olhakuriatnyk]

How about working hard and making enough of income and as result being able to enjoy life. I don't get it...some people just thing they are entitled to a great life. No dude. That's not how the real life works. Of course, you can get loans for everything, but it's not a life one can enjoy in my book.

[@15KHPCLUB]

@@olhakuriatnyk Have you even bothered to read what I wrote before ranting? Doubt it based on your response This guy needs to scale his business to buy back his time that he can spend with his family or he's gonna get burnt out I know this cause it happened to me Yet Dave is encouraging him to do the exact opposite Why? Cause he doesn't want to ruin his image as a "family man" but i see right through it He's as inconsistent as sour milk

[@olhakuriatnyk]

@@15KHPCLUB did you actually listed to what they recommend? Seems like you didn't, so here it is: "Grow your business. Hire people." What inconsistency are you taking about? 🤔

[@joeowings4843]

Something doesn't sound right here... he makes $6200 a month and the expenses are $3400... where is the rest going??

[@smitty30rocks]

Money is infinite. Time is finite.

[@OhtaniSan2313]

Ken Coleman always seems so nervous and uncomfortable on this show.

[@TheMafiaBlessing]

15 year mortgage is dumb advice. If you want to pay it off in 15 years then pay extra every month. At least you have the flexibility of 30 year payments.

[@djmelo_d7586]

Monthly outgoings way too high

[@jimmymcgill6778]

Math, shows They make 75k a year. Dave cannot do math off the top of his head.

[@Joenzinator]

That’s after tax. Which would be about 100k gross.

[@jimmymcgill6778]

@@Joenzinator And your point? You cannot spend what your don't have.

[@kbanghart]

@@jimmymcgill6778 I think the point was your number was wrong LOL

[@jimmymcgill6778]

@@kbanghart My mate is right. DO the math yourself.

[@robn.7426]

I don't always agree with Dave, but he clearly meant 100k gross income. For Dave to say, "you make $75k a year" would be inaccurate. In general we don't refer to our take home pay as what we make per year, so Dave adjusted it to gross salary, in his head, quickly. So yeah, Dave can do math in his head...

[@Msteve-nt5bx]

There's a couple thousand extra between his take home income and expenses. He already blows 2k on rent. Nonsense. Go buy house and take care of your family.

[@Oldtimeleftie]

Everytime I watch this show it’s super obvious that they only like people that make 150k+ and everyone else is losers to them

[@reese85]

150k household income is not a lot

[@blackspiderman1887]

don't have a family until you're financially ready and comfortable. That includes getting married. Also there is alot more to this story than what the caller tells us. Another thing, hiring another person will not GUARANTEE you more business. He obviously already knows this. That's why he didn't hire anyone

[@SerErryk]

Those who struggle together usually stay together. People who do what you suggest will often divorce.

[@blackspiderman1887]

@@SerErryk you're wrong. one of the main reason people divorce is because of money.

[@SerErryk]

@@blackspiderman1887 Correct but you can be rich and disagree about money or poor and agree about money. "Financially ready" is a non sequitur for this discussion.

[@blackspiderman1887]

@@SerErryk and struggling doesn't mean you will both come through together on the other side stronger. Many times it just means one partner leaves

[@1dyrfullymade]

Should the 1000 dollar emergency fund be adapted? 1000 dollars NOW is not what it used to be lol.

[@misterdee1418]

They take home just about 75k..dave is like u make 100k a yr..but i get it the point pll that listen to dave really have to eat nothing but rice

[@toniomz1205]

The gross is around $100k

[@youngswoll3]

@Tonio Mz who cares about gross? It’s money you don’t have access to. The real number he’s bringing in is probably in the 70s

[@robn.7426]

They make $100k/year gross. Almost no one describes their take home pay as their salary/year. Dave adjusted it for a more realistic analysis.

[@James35142]

Short answer, no. Long answer, nooooooooooooooooooooooo.

[@ThanhTLam1]

you dont need money if you've got FAMILY!

[@amadeuzlo]

Exactly! Because when you have a family, the rent becomes FREE and so does all other expenses for having a roof above the familys head, putting food on the table, clothing for the family etc. Because having a family makes money non-relevant! *sarcastic btw*

[@trainsandlocomotives]

No excuses

[@andresbraud]

His part-time job wife needs to start cleaning windows with him

[@victoriagarcia5533]

6,200 net a month is not 100k a year.

[@HHHPedigrees]

100k gross pay = around 75k net. Dave’s math is correct

[@astoldbynadia6310]

$900 a month on groceries? How much on Amazon.. it sounds like they have a spending problem.

[@elizabeth277]

He has to pay for private health insurance for six people.

[@msi8311]

$900 for groceries for his whole family in a major city isn’t bad

[@rory644]

$900 on groceries is nothing what planet are you people living on, my partner and i spend 1600 australian dollars a month on groceries he has a family.

[@aolvaar8792]

@@elizabeth277 $2300/mo premium on a group plan, $2800/mo private top of the line Co-Pay Plan

[@roofingdyi6.7powerstroke8]

Ramsey holding him back

[@ferdin4491]

9:02

[@cherylsoderstrom7391]

He makes about 75g not 100g.

[@MM-yz7fz]

100K doesn't go very far anymore, especially if you have kids, etc.

[@michaelgerhardt7130]

He needs to have someone do the cleaning and spend more time on getting new business.

[@dummgelauft]

People need to lewrn to have adult fun without having it convert into a kid every year...seriously.

[@untouchable360x]

Poor people prioritize money over time. Rich people prioritize time over money.

[@adoe2305]

Rich people prioritize money. That's why they're rich..

[@dummgelauft]

Private school will do you in.

[@RichyLucch]

6200 a month is not enough to support a family of 5 in Chicago. Wouldnt work here in ny or California either

[@ellasoes8325]

Sounds like living in Canada.

[@ana10g]

stop having kids! you are wasting money. this call is ridiculous.

[@robn.7426]

Lol, I guess they forgot to line up their values with yours.

[@TheDjcarter1966]

JUST GET A 30 YEAR MORTGAGE AND MOVE ON

[@jordanmcmurray5785]

“A man who doesn't spend time with his family can never be a real man.” - Don Corleone

[@viewsonichomie]

*$900 on groceries is crazy. Even with those young kids*

[@jimwest5455]

WAT that's 225 per week You know nothing

[@sheila3936]

It’s crazy especially with those young of children. It’s not like they’re teenage athletes.

[@viewsonichomie]

@@jimwest5455 are they teenage athletes?

[@AB-oe8dg]

Yeah my family of four (me, wife, kids) we spend under $100 a week

[@blackworldtraveler3711]

All about choices.

[@political-social]

you had too many kids that you can't afford.

[@SeanBaker]

Money, money, and money

[@jarrettpierce5626]

Prioritize crypto over it too

[@johndone8045]

Do 30 years, never 15

[@robn.7426]

Never? Even if you can afford it? Always pay a ton more in interest no matter what? At today's interest rates you will pay $100k more in interest cost for a 30 year vs a 15 year mortgage on a $200k loan. If you can afford to get a 15 year mortgage it's a no brainer, yes of course do it. If you can't afford it, consider the 30 year, or a 20 year. Never simply choose the 30 year just because the payment is lower.

[@djpuplex]

I'm sure the wife wouldn't Especially with the idea of buying a house. You had her at house sir.

[@superblump87]

Another incel comment from Roddy. Nice.

[@EyesOnlyxx]

Obviously yes.

[@rockyali8305]

This dude has two too many kids.

[@dorianlindsey5730]

First!

[@truegrizzlesfan2292]

Are you FIRST! Out of debt. Curious ☺️

[@MichaelJanzer]

Sell the kids