Sell My Gun Collection To Become Debt Free?

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The Ramsey Show Highlights

The Ramsey Show Highlights

Күн бұрын

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@warren3665
@warren3665 27 күн бұрын
Glad he mentioned not selling family heirlooms. You will never be able to replace those.
@SanDukey
@SanDukey 24 күн бұрын
Yup, sentimental value might not be valid on a spreadsheet, but you can't replace it like other line items
@tylerredforge5563
@tylerredforge5563 21 күн бұрын
i enjoy going to rumbage sales and god, its so sad to see stuff that was clearly important to that family being sold for 20 cents
@the_snopro
@the_snopro 20 күн бұрын
you arent wrong. wjhen my grandmother passed my dad was the executor and he gave his brother my grandmas hunting rifle and he almost instantly sold it and purchased a new AR. My dad was devastated that he sold a family heirloom over some hundreds of dollars. he said if he could go back he would have paid out my uncle for that gun and kept it in the family.
@fatlegsdaffy9133
@fatlegsdaffy9133 19 күн бұрын
​@the_snopro im sorry to hear that. Some ppl dont associate the belongings of loved ones wt the joy it brought them
@MrPeewacker
@MrPeewacker 17 күн бұрын
An object is an object. Living is more important
@JorgeDiaz-ld5wz
@JorgeDiaz-ld5wz 24 күн бұрын
I sold my small gun collection a while back because o wasn't working and I needed to get by. I regret it everyday of my life
@Iamde4dinside
@Iamde4dinside 21 күн бұрын
You could’ve went and hunt for food. I’m not trying to sound like a fool, but that’s what I would’ve done.
@JorgeDiaz-ld5wz
@JorgeDiaz-ld5wz 21 күн бұрын
@ lol I needed to pay my car payment and insurance and phone bill and utilities and rent
@HCWHunter
@HCWHunter 19 күн бұрын
@@Iamde4dinside I'm a hunter and can assure you that it can be expensive to hunt for food, especially for big game which can feed you for some time. You have to purchase a license, usually apply for tags, buy ammo, travel to the hunting area, etc.
@dkc9438
@dkc9438 15 күн бұрын
Yupp, I had a pretty good collection going. Had a SCAR H, B&T GHM9, AR's, a bunch of handguns. But I lost my job and sold one after another to pay bills. Building the collection back up again, but I have some work to do to get it where it was.
@allpaulsfault
@allpaulsfault 14 күн бұрын
I feel your pain and thank you for sharing your regret. It has made an impact and decision not to sell. My debt isn’t that urgent.
@cameroncato4910
@cameroncato4910 25 күн бұрын
Mr Ramsey I think I speak on behalf of thousands of your followers when I say…we would LOVE a tour of your gun collection if at all possible!
@ajb10b
@ajb10b 25 күн бұрын
Yes!!!!
@machinesandthings7121
@machinesandthings7121 24 күн бұрын
Yes
@chopinisyourruler
@chopinisyourruler 24 күн бұрын
Nice try, ATF.
@mapko15
@mapko15 24 күн бұрын
I guarantee you he has every basic gun every rich guy has and nothing really intresting
@87knox
@87knox 24 күн бұрын
I'm more used in the vintage wooden waterskis myself.
@jeffpadilla9891
@jeffpadilla9891 2 жыл бұрын
Trust me, don’t do this! I did it and regret it every day. Now that I am debt free I am chasing those firearms I sold and they are way more expensive now.
@mathisnotforthefaintofheart
@mathisnotforthefaintofheart 2 жыл бұрын
If a firearm is a necessity in life, you may have a point. But if it is some form of luxury, I would never go into debt for that, never!
@mikesmith-wk7vy
@mikesmith-wk7vy 2 жыл бұрын
I agree I could not go there , some are expensive and you don’t get what they are worth
@kbanghart
@kbanghart 2 жыл бұрын
LOL why does it stress you out so much to have those guns back?
@ErrorPagenotFound-ig1cy
@ErrorPagenotFound-ig1cy 2 жыл бұрын
Lol having more than one gun is excessive if you are broke.
@sbentsen2714
@sbentsen2714 2 жыл бұрын
Agreed
@hanskurtmann6781
@hanskurtmann6781 22 күн бұрын
We have a gun collection in the low 3 digit range and it includes passed down family guns, we have no debt and yes everyone and anyone always says never to sell them. Guns may not be an investment (stocks or bonds) but they do hold their value and some even go up in price.
@theninjalion2811
@theninjalion2811 18 күн бұрын
Low 3 digit range? As in $100-$999?
@xalicaix
@xalicaix 18 күн бұрын
I think he means pieces in his collection. That's how I read it anyway ​@@theninjalion2811
@egomaniac247
@egomaniac247 17 күн бұрын
@@theninjalion2811lol I was thinking the same thing….. 3 digits? So like…1-2 guns? Lol!
@alexeisenhardt9299
@alexeisenhardt9299 17 күн бұрын
@@theninjalion2811he meant 100 guns
@lewis9888
@lewis9888 14 күн бұрын
Most guns bought in 1980 have doubled in price now.
@SasquatchActualFitness
@SasquatchActualFitness 2 жыл бұрын
Never give up your freedom
@ShrockWPS
@ShrockWPS 22 күн бұрын
Selling some firearms out of a collection is not giving up your freedom
@richthepup
@richthepup 2 жыл бұрын
I love Rachel’s laugh. She seems so much fun 😊 Her and Dave are by far the best cohost duos
@David-wo9un
@David-wo9un 2 жыл бұрын
💯
@todd2456
@todd2456 2 жыл бұрын
Keep editing ... She and Dave.
@richthepup
@richthepup 2 жыл бұрын
@@todd2456 bruh don’t get cooked playin in my comments 😂
@2dennistimjim
@2dennistimjim 2 жыл бұрын
@ur mom i agree, i really dont like George
@todd2456
@todd2456 2 жыл бұрын
@@richthepup Learn the English language.
@Ka_Gg
@Ka_Gg 26 күн бұрын
Dave nailed it. Especially on if its the worst 10% of your collection vs a significant portion. Plus with them having a plan and doing well, they arent in a desperate situation. If you told me i had to sell the worst 10% of anything id collect, it'd temporarily bother me then I'd be like "eh, those werent that important anyway". Lets face it. If the worst 10% is like modern AR platform stuff that you can easily buy again, sell it. Then, in one month when you dont have a loan payment, you just pay cash and get something better. Many of us gun guys never sell guns though. They rarely lose any value anyway.
@greglane3978
@greglane3978 2 жыл бұрын
Firearms are one of the few items you can buy that actually increase in cost over time. Can't think of a single firearm I have bought that went down in value. Most have doubled or tripled over 20 years.
@bluetoast8584
@bluetoast8584 2 жыл бұрын
Yeah but have you ever tried to sell one? It’s hard to actually get a good value for them. Gun shops and pawn shops offer you like 100 bucks. Might as well just keep them. Too hard to sell them.
@jml9550
@jml9550 2 жыл бұрын
Just buy 10 Teslas now, you will make money like a lot of Tesla fans claims. Good luck with that.
@diggernash1
@diggernash1 2 жыл бұрын
@@bluetoast8584 Why wouldn't you sell to individuals? Many benefits to you and the gun community at large that way. Read as you help introduce error into the unconstitutional gun registry.
@jml9550
@jml9550 2 жыл бұрын
if i can speculate what items will go up or down, I wouldn’t be here tying away.
@kbanghart
@kbanghart 2 жыл бұрын
Anyone claiming they collect guns to sell for a profit later is just buying them because they like them. Don't make excuses, just tell the truth, it's fine.
@CalFamilyBBQ
@CalFamilyBBQ 2 жыл бұрын
I wish we had this problem in the UK. Never sell your guns, and Americans, please never let them take them! 🇬🇧🤝🇺🇸
@stevelarson6384
@stevelarson6384 Жыл бұрын
@connardcyndi1769 you are misinformed by leftist talking points.....no one in the US has Military Grade guns......Semi automatic rifles are not military grade...they may appear similar but the select fire capability (fully automatic vs semi automatic).....please inform yourself before you make comments that show your stupidity.
@Shackleford_Rusty
@Shackleford_Rusty Жыл бұрын
They won’t. Much love from the US
@generalissimolam3044
@generalissimolam3044 4 ай бұрын
​@@Shackleford_Rusty it not that they won't it that they can't.
@kbanghart
@kbanghart Ай бұрын
​@@generalissimolam3044anybody can take your guns if they really want to. I suggest you don't FAFO. But the cool thing is, no matter what ANY politician says, Democrat or Republican, they won't take your guns unless you do something bad, or your guns are used for something bad (like DV issues with or without firearms). Politicians and manufacturers just like to keep a lot of the public scared.
@Isaiah013
@Isaiah013 Ай бұрын
😢I’m sorry for you
@S.Waters.
@S.Waters. 2 жыл бұрын
Do not sell your guns!
@timsimmons9995
@timsimmons9995 24 күн бұрын
I'd generally agree, but there are circumstances selling makes sense. I had to sell some of my gun collection a few years ago when raising money for a house down payment to pay down the interest to 3.5% and eliminate 20% PMI. In any serious collection there are stages and sometimes someone buys everything not knowing what they will enjoy. I certainly had a lot of guns that I bought but had no real fondness for. I've lived under 30 years of the looming threat of gun control around every turn and hate selling guns because they often get harder to reacquire. I parted with guns I don't miss, cannot recall most actually. It was painful in the moment but ultimately a good opportunity to cull my collection of things I didn't really enjoy, while also being financially smart to reduce the cost of home ownership. There's only 1 gun in that lot I sold that I'd actually like to have back, but it's a minor regret. I kept everything I really enjoy. And I really enjoy having a house, I'm grateful every day!
@700NitroXpress
@700NitroXpress 2 жыл бұрын
Never, under any circumstances, sell your guns. But, if you do, I'll buy them.
@lot2196
@lot2196 2 жыл бұрын
Sell the guns you don't need. Hey, want a Marlin 917V 17HMR? I haven't shot it in years.
@Smallvillefreak
@Smallvillefreak 2 жыл бұрын
🤣🤣🤣
@ErrorPagenotFound-ig1cy
@ErrorPagenotFound-ig1cy 2 жыл бұрын
Felons cant own guns
@nursevinyl6185
@nursevinyl6185 2 жыл бұрын
😂😂😂
@johnlewis8934
@johnlewis8934 2 жыл бұрын
@@lot2196 yeah that's how I feel about that too
@augoldfinger
@augoldfinger 27 күн бұрын
The interactions between you and your daughter... Love it... You can tell you're a good dad
@TheDragon160
@TheDragon160 2 жыл бұрын
This was the best clip they have ever done together. Rachel is still learning nuance from Dad. I really like watching this!
@chris.shamblin
@chris.shamblin 2 жыл бұрын
Thankfully it's the other way around, in a lot of ways - Dave is learning nuance from Rachel. He has been learning a lot of things from her and John, and it really helps.
@kingbonezai4925
@kingbonezai4925 27 күн бұрын
To be fair I think Rachel is the one with Nuance that Dave needs to learn
@B3OWULF416
@B3OWULF416 21 күн бұрын
@@TheDragon160 your votes are now .25 ACP
@josephpatrow
@josephpatrow 2 жыл бұрын
Good advice for any serious collector. I had many guitars and I got rid of those I reflected on and didn't "love," thinned the heard and also reeled in my collection to a reasonable level :)
@faradaysage15
@faradaysage15 2 жыл бұрын
most guitars don't go up in value. firearms go down in value when restored. every single year there are less collectible items available. Dave is dead wrong on this
@donventura3844
@donventura3844 2 жыл бұрын
I definitely think there are stages in collecting. There is a time where you take in everything. Then you end up having things you don't use. Then eventually you unload the collection when you get older. I am in the early stages of collecting and I met older collectors that sold me their stuff knowing I was a collector that wasn't gonna flip their stuff.
@timsimmons9995
@timsimmons9995 24 күн бұрын
I'd generally agree, but there are circumstances selling makes sense. I had to sell some of my gun collection a few years ago when raising money for a house down payment to pay down the interest to 3.5% and eliminate 20% PMI. In any serious collection there are stages and sometimes someone buys everything not knowing what they will enjoy. I certainly had a lot of guns that I bought but had no real fondness for. I've lived under 30 years of the looming threat of gun control around every turn and hate selling guns because they often get harder to reacquire. I parted with guns I don't miss, cannot recall most actually. It was painful in the moment but ultimately a good opportunity to cull my collection of things I didn't really enjoy, while also being financially smart to reduce the cost of home ownership. There's only 1 gun in that lot I sold that I'd actually like to have back, but it's a minor regret. I kept everything I really enjoy. And I really enjoy having a house, I'm grateful every day!
@As_A________Commenter
@As_A________Commenter 2 жыл бұрын
As a victim of a tragic boating accident, I wish I still had all my firearms to sell…….
@jasono2139
@jasono2139 24 күн бұрын
You too?! Wow... it's nice to know I'm not the only one who not only lost all my guns... but the boat and the registration papers too! 🤷
@daddyschainsjewelry
@daddyschainsjewelry 23 күн бұрын
Sold my jet ski because people on the water are completely ruthless. They float around like nothing can happen. I can’t believe you can just buy a boat get on the water and just go in one direction with tons of other people around and there’s no license for it. It’s ridiculous. I’ll never get back on the water again.
@anthonythorp7291
@anthonythorp7291 22 күн бұрын
ME TOO !!! At this point I'm beginning to think they should ban boats. Those things are dangerous.
@jasono2139
@jasono2139 22 күн бұрын
@@anthonythorp7291 I'm surprised the government hasn't mandated better firearm protective storage within boats... like seat belts in cars, it just makes sense! 🤷 ...oh well... the tragic and senseless lose of entire firearm collections will come, I guess!
@sethgibson2760
@sethgibson2760 20 күн бұрын
Weak, don’t be afraid of the alphabet boys
@rollingwithdeep
@rollingwithdeep 2 жыл бұрын
Sell the kids. Keep the guns
@gmvalentine626
@gmvalentine626 2 жыл бұрын
And the cannolis.
@oroville12345
@oroville12345 2 жыл бұрын
Sell the wife asap. No more nagging.
@johnzabik270
@johnzabik270 26 күн бұрын
That's pathetic. Even if you are joking
@Jordan_B34
@Jordan_B34 26 күн бұрын
223 likes
@rollingwithdeep
@rollingwithdeep 26 күн бұрын
@@Jordan_B34 u da man!
@coleporter1088
@coleporter1088 2 жыл бұрын
Not in Maryland. You may never be able to buy them again!
@MichaelMiller-ww9iy
@MichaelMiller-ww9iy 12 күн бұрын
Yep, if you live in Maryland, NY, CA, etc and sell your guns, you'll probably have to relocate to the United States of America in order to get replacement guns.
@bbkyjohnson
@bbkyjohnson 2 жыл бұрын
I’d have to say no on this one. Everything is already working towards being debt free.
@TheHernandez316
@TheHernandez316 2 жыл бұрын
Firearms? Always buy. Never sell.
@johnzabik270
@johnzabik270 26 күн бұрын
I have to ask you. What's more important than your firearms? Paying off debt to take care of your family or have something that doesn't do anything but sit there?
@TheHernandez316
@TheHernandez316 26 күн бұрын
@johnzabik270 its a joke amomgst the firearms community.
@jflannel1965
@jflannel1965 26 күн бұрын
@@johnzabik270”Doesn’t do anything but sit there” Until it doesn’t.. Who would be to blame if your family died in a break in and you as the man of the household could not defend them? Never sell guns. Keep a minimum of 3.
@dj3114
@dj3114 25 күн бұрын
Yep, once gone, they're gone and when the money is gone, then just a regretful memory.
@Mr.T314
@Mr.T314 25 күн бұрын
Even if you have a thousand guns?
@zunedog31
@zunedog31 2 жыл бұрын
Never sell your guns
@zoraster3749
@zoraster3749 2 жыл бұрын
I came here to write the ‘exact’ same comment 😂💯
@joebidenisyourpresidentget2481
@joebidenisyourpresidentget2481 2 жыл бұрын
You can easily get another one in America. Good luck getting another house though.
@rome2989
@rome2989 2 жыл бұрын
Can you live in your guns? Are you guns going to help you retire? Sell most of them keep your favourites
@CRAZYKINGFEAR
@CRAZYKINGFEAR 2 жыл бұрын
Never sell all your guns, but selling some could easily be worth it
@h.i.m3433
@h.i.m3433 2 жыл бұрын
EVER!
@TheDnlnext
@TheDnlnext 2 жыл бұрын
Lessons learned in the past two years: Stock up on ammo & guns. Don’t sell!
@TheAgentmigs
@TheAgentmigs 2 жыл бұрын
Nobodys taking your guns.
@mambofuego5101
@mambofuego5101 2 жыл бұрын
@@TheAgentmigs You are correct. We will never let them.
@juhthreef
@juhthreef 2 жыл бұрын
@@TheAgentmigs I live in NY so that's a lie.
@bigshoe84
@bigshoe84 2 жыл бұрын
Yep, just hold onto them
@user.0704
@user.0704 2 жыл бұрын
@@mambofuego5101 if they choose to you wouldn't have a choice, lol.
@TMoody
@TMoody 2 жыл бұрын
Do NOT do this.... if you do.... don't care if it's a gun or a guitar. You WILL be chasing it later in life and paying WAY more for it.... trust me when I tell you this.
@Tammacazi10
@Tammacazi10 2 жыл бұрын
Only add to your firearms, never sell them
@timsimmons9995
@timsimmons9995 24 күн бұрын
I'd generally agree, but there are circumstances selling makes sense. I had to sell some of my gun collection a few years ago when raising money for a house down payment to pay down the interest to 3.5% and eliminate 20% PMI. In any serious collection there are stages and sometimes someone buys everything not knowing what they will enjoy. I certainly had a lot of guns that I bought but had no real fondness for. I've lived under 30 years of the looming threat of gun control around every turn and hate selling guns because they often get harder to reacquire. I parted with guns I don't miss, cannot recall most actually. It was painful in the moment but ultimately a good opportunity to cull my collection of things I didn't really enjoy, while also being financially smart to reduce the cost of home ownership. There's only 1 gun in that lot I sold that I'd actually like to have back, but it's a minor regret. I kept everything I really enjoy. And I really enjoy having a house, I'm grateful every day!
@josh2711
@josh2711 22 күн бұрын
Sold my firebird at its bottom value (17 years old) to buy an engagement ring without a loan. That was about 10 years ago. The ring has gone up in value, but that car has gone up about 600%… I should’ve just taken out a loan.
@darrinrentruc6614
@darrinrentruc6614 6 күн бұрын
I really doubt you can sell that ring for more than you paid unless you bought it used.
@josh2711
@josh2711 6 күн бұрын
@ it wasn’t some mall store diamonds. The diamonds are very clear. So they will hold their value through inflation. Which means they are worth more because the dollar is worth less. So I guess it depends how you look at it.
@Jumperman12mac
@Jumperman12mac 2 жыл бұрын
There was a person on the show who had done this and after becoming debt free, he bought more guns.
@mikem2132
@mikem2132 2 жыл бұрын
I wouldn’t sell any guns. Maybe hold off on buying more, but definitely don’t sell!
@fgrau7376
@fgrau7376 18 күн бұрын
Iv sold 1 rifle in my life an FAL. I regret selling it!!!! Never regretted a purchase, always regretted a sale
@ericschneider5931
@ericschneider5931 21 күн бұрын
Hey Dave, firearms are priceless.
@Genxrgonemad
@Genxrgonemad 2 жыл бұрын
I was ready to be horrified by Dave's answer but it seemed reasonable. However, the short answer is he doesn't need to sell any of them and later he can add to that collection.
@Clawson_customs
@Clawson_customs 22 күн бұрын
Every gun i ever sold, i regretted it later. Sometimes it only took a few months others have took a few years to wish i had them back. So now ill never sell one again.
@zoraster3749
@zoraster3749 2 жыл бұрын
Sell the wife, keep the guns
@jasonstratton6422
@jasonstratton6422 25 күн бұрын
Depends on which firearm and more importantly which state you live in.
@9liveslisa
@9liveslisa 2 жыл бұрын
Gun collection vs. purse collection. Priceless! lol!
@TShirtAndReeboks
@TShirtAndReeboks 2 жыл бұрын
I am a female and honestly I don't think they are very comparable. Unless maybe I'm lugging a brick around in my purse, it's more likely to attract criminals than stop them. I think purses and video games are more comparable
@9liveslisa
@9liveslisa 2 жыл бұрын
@@TShirtAndReeboks Sounds good. I guess I felt a collection is a collection is a collection.
@BENJAMINelsbury
@BENJAMINelsbury 20 күн бұрын
One of the few things I agree with Ramsey on. Great answer
@SaddleSC
@SaddleSC 2 жыл бұрын
Can we just make the show Rachel and Dave from now on? it is just so much fun!
@musicpro7278
@musicpro7278 2 жыл бұрын
Such a power simp. Your the kind of person who any likes the bosses and don't like to give other people chances
@chrishart8548
@chrishart8548 2 жыл бұрын
Rachel would be a good partner you would never end up in a financial mess.
@jordanharirchi4604
@jordanharirchi4604 2 жыл бұрын
I love me some Delony
@patp9819
@patp9819 2 жыл бұрын
​@@jordanharirchi4604 thirsty much
@Albert12893
@Albert12893 2 жыл бұрын
No Dave much better by himself
@nathanhatcher7096
@nathanhatcher7096 20 күн бұрын
Dave right keep your family heirloom whether it guns, knives, or such collections, once it gone it gone for ever! I leared a long time ago i can replace money every day by earning it, but to keep and protect a family heirloom artifact is priceless!
@jimerin3533
@jimerin3533 27 күн бұрын
If a firearm can not be legally replaced DO NOT SELL IT and conversely if there is a gun that is easily replaced in the future - sell it now and get debt free.
@benjaminlewis671
@benjaminlewis671 24 күн бұрын
I have more non sentimental than sentimental guns. There is one rifle that I wouldn't trade for the world.
@davidgagnon2849
@davidgagnon2849 19 күн бұрын
"Legally replaced" today may be illegally replaced tomorrow.
@TheNutzandBoltz
@TheNutzandBoltz 23 күн бұрын
My Dad and I rebuilt a 66 Mustang GT convertible that is the same color of the Mustang that I came home from the hospital. It was completed when I was 26. I am 51 and my Dad is 81. I have hung on to this car from think and thin. it will go to my 12 year old son before and or when I die. Thank you Dave and company for what yo do.
@mr.workhardplayhard6550
@mr.workhardplayhard6550 2 жыл бұрын
Absolutely NOT.....
@Whatorwellsaid21
@Whatorwellsaid21 2 жыл бұрын
“The gazelle doesn’t sell its wedding ring” - Dave Ramsey
@percivalgooglyeyes6178
@percivalgooglyeyes6178 2 жыл бұрын
Happiness is a warm gun.
@austingoleman9431
@austingoleman9431 23 күн бұрын
Never sale guns I tell my wife it’s a savings account that will only go up in value however I got told I had cancer few years ago I sold my first collection to cover some of the cost of treatment and pay bills off so there are times to sale but only if you absolutely have to
@hamiltonporter7894
@hamiltonporter7894 2 жыл бұрын
I wouldn't call myself a gun collector, even though I have quite a stack of both old and newer firearms. However if I really needed the money then the only gun I would never sell is the one I carry everyday.
@xi-deadshot-ix5838
@xi-deadshot-ix5838 16 күн бұрын
My dad had a project truck he was building and my mom gave him an ultimatum. “Me or the truck”. He sold it, she still left. It’s not always worth it to give up something you love for someone you love because someone that actually loves you won’t ask you to give it up in the first place…. When you sacrifice, make sure it’s something you want even though it sucks. Never make sacrifices expecting reciprocation.
@Asome3333e1
@Asome3333e1 12 күн бұрын
I would say you should sell some of them, but keep a couple. My pick to keep would probably be my 1911, M1A, my NCR service rifle, and my K31.
@b_bogg
@b_bogg 2 жыл бұрын
I would love to see Papa Dave’s gun collection! I bet it’s wonderful
@700NitroXpress
@700NitroXpress 2 жыл бұрын
I bet it's not, he probably has less than 10.
@mattschmitt9924
@mattschmitt9924 2 жыл бұрын
@@700NitroXpress even still, probably worth more than my guns, including the safe and the house they're in.
@700NitroXpress
@700NitroXpress 2 жыл бұрын
@@mattschmitt9924 well, he did say he carries a Wilson Combat 1911, but that also tells me he's not going full custom or spending a ton on them.
@AndreOliveira-cu3fy
@AndreOliveira-cu3fy 2 жыл бұрын
Love you two!! hahahahahhahahaahaah "extensive purse collection"
@hhoverdrive1
@hhoverdrive1 2 жыл бұрын
I would like to see Dave’s gun collection sometime.
@johnstinnett1571
@johnstinnett1571 2 жыл бұрын
I would too but I dont think dave would show it
@stratoplayer1988
@stratoplayer1988 2 жыл бұрын
This week on Demolition Ranch, we have finance guru Dave Ramsey to discuss building wealth and gun collections.
@MossyRock-g9i
@MossyRock-g9i 2 жыл бұрын
Sadly, they were all lost in a tragic boating accident...
@FloydofOz
@FloydofOz 2 жыл бұрын
I think he said he is in to 1911’s and he carries a customized Wilson combat in .45. But I may be wrong on that. I’d love to see the collection too. Like instead of “Jay Leon’s garage” its “Dave’s armory”
@steverussell6642
@steverussell6642 2 жыл бұрын
@@stratoplayer1988 🤣
@littlered4122
@littlered4122 22 күн бұрын
My Dad taught me over 50 years ago, NEVER SELL A GUN!!!!!!!! Period.
@johnreynolds8170
@johnreynolds8170 2 жыл бұрын
I sold some of my fire arms collection to pay my Jeep loan off. I’m debt free now. But like he said It feel like cut a piece of my heart ❤️. 😅
@postrockforthemind128
@postrockforthemind128 2 жыл бұрын
Someone hasn't been paying attention to what the world is becoming. Never ever ever ever sell your firearms. Never.
@aguyandhiscomputer
@aguyandhiscomputer 2 жыл бұрын
Weird, which book of the Bible is that verse or parable in?
@gloriack7976
@gloriack7976 2 жыл бұрын
@@aguyandhiscomputer let him who has no sword sell his cloak and buy one.
@heyzues5849
@heyzues5849 2 жыл бұрын
That’s why Dave said to not sell them unless he has extras he doesn’t like as much as the rest. Why have multiples of a gun sitting in a cabinet if you are in debt? Obviously have one or two weapons per person in the house, but a collection is unnecessary if you can’t afford it
@bigshoe84
@bigshoe84 2 жыл бұрын
Agreed
@jmf1976jmf
@jmf1976jmf 2 жыл бұрын
Go away dork
@WonderWomanInMichigan
@WonderWomanInMichigan 2 жыл бұрын
Keep the guns!
@floridaman954-m2n
@floridaman954-m2n 2 жыл бұрын
Dave said if they are not “safe queens” 😂😂😂😂😂😂😂 Basically he is saying “don’t sell your guns” when he compares it to selling your wedding ring YESSSSSS ‼️‼️‼️
@maverickpaladin4155
@maverickpaladin4155 17 күн бұрын
Having done this several years ago, I kept a remnant and sold a LOT of what were effectively copies to the untrained eye. There are a few I wished I hadn't sold, but by and large out of sight, out of mind. If his collection were several Colt-made WWI and WWII 1911 pistols, you can pare that down to a best of, take pics of what you sell for posterity, and cash in. If they're all Forgotten Weapons-level one-off oddities, I wouldn't. Those will appreciate far more than the monetary value realized, and you'll never replace them.
@zevoni
@zevoni 2 жыл бұрын
The thought of selling my gun's 🥺
@Nate-vi4ft
@Nate-vi4ft 25 күн бұрын
In this case, you could just budget and get out of debt. No need to sell off all your guns. With that being said, you could sell some of your replaceable items. ARs, AKs, ect. You can replace those after you get out of debt.
@David-wo9un
@David-wo9un 2 жыл бұрын
Dave and Rachel are my favorite people on this KZbin channel; so entertaining to see them discuss things from different perspectives.
@JeanValjean875
@JeanValjean875 2 жыл бұрын
Weapons are hardly essential
@BigBoreGuns
@BigBoreGuns 18 күн бұрын
Should consider your age and if someone in your family wants them when you pass. Have known widows with husbands that had major gun collections left to them and they were overwhelmed with how to deal with them.
@fhuber7507
@fhuber7507 2 жыл бұрын
Keep the ones you actually use for hunting and target practice. Also keep any specially sentimental valued ones. The possibly $2 to $3 million WWII memorabilia collection my father accumulated... all burned in a fire. Not covered by insurance. You have to have each item professionally appraised and specifically covered or it is just scrap metal to the insurance company.
@liffy8333
@liffy8333 27 күн бұрын
I respect the fact that your dad tried to protect and move forward ww2 memorabilia to the next generation. It is our (collectors) duty to save the past. You can't know what we put our 16-18 year old young men (many younger than that, my dad quit high school at 14 to join) through to move our freedom forward. May God bless your father for his efforts even if it got destroyed by a fire. You must be so proud. I would be. F^ck the insurance companies, they are the scum of the earth. I have a poor mans collection (72 years) of a miniscule of what your dad had. I wish to pass this on when I die. Maybe a museum would like a few items. It is our duty to save the past as patriots. If we forget the past... Kinda like tearing down our statues. We are so far removed from what it takes to save a country. May God continue to bless the USA and your family.
@darrinrentruc6614
@darrinrentruc6614 6 күн бұрын
Sad to hear that but I bet most of them survived the fire to be restored, At a loss to value of course.
@vivarc2
@vivarc2 16 күн бұрын
Great advice distilled into a digital clip, I really needed to watch this. Thank you!
@jdek88
@jdek88 2 жыл бұрын
Never never never. Keep them always. Always. I wouldn’t sell unless I was homeless or couldn’t eat
@mattdillon6899
@mattdillon6899 2 жыл бұрын
If you have guns, you can eat
@randymichel459
@randymichel459 23 күн бұрын
Never sell what you can’t get back, especially in Maryland.
@jacoblynch9862
@jacoblynch9862 2 жыл бұрын
If I had a gun collection I would sell my wedding ring before I sold my guns especially being that I have a basic ring that can be bought and replaced darn near anywhere depending on the guns as he said they may not be able to be replaced depending on what they are
@paulbrungardt9823
@paulbrungardt9823 12 күн бұрын
Sell your kids, wife, cars, silverware, and cut lawns on the weekend -- But do not sell your guns !
@MonsterNewfie
@MonsterNewfie 2 жыл бұрын
If you can look at your collection, and find the items of least significance, and ask yourself,”Am I willing to go deeper in debt to buy these?”. If not sell them and cancel out that debt.
@briancavanaugh7604
@briancavanaugh7604 19 күн бұрын
IME selling a firearm comes down to 1. Is it sentimental/very rare/borderline irreplaceable? Then no. 2. Do you plan to buy the exact replacement at a later date? If yes to #2 you may as well borrow money to pay off your debt. I say this, terrible idea by the way, because when I sold my not rare and easy to replace arms, the cost to replace a couple years later was more than had I borrowed the money to pay off the initial debt, that is to say the price increase exceeded the interest on NEW borrowed money. These were NOT rare, at all, and did NOT involve a certain world "event" circa 2020.
@cutlerylover
@cutlerylover 2 жыл бұрын
lol I have a knife collection and gun collection and it means the world to me but not as much as my wife so if she needed something it would all be gone...
@peters.6343
@peters.6343 2 жыл бұрын
What if she needs a new purse?
@user-wq7hw2ow9l
@user-wq7hw2ow9l 2 жыл бұрын
She's a lucky lady.
@cutlerylover
@cutlerylover 2 жыл бұрын
@@peters.6343 She gets one, if we cant afford to buy a purse we dont Im lucky shes budget conscious, as far as knives go I make money with knives so I get more knives sometimes even when we cant afford it, lol...My comment was more about a HUGE life event that costs thousands Id sell all my "toys" in a heartbeat for US...
@cutlerylover
@cutlerylover 2 жыл бұрын
@@user-wq7hw2ow9l as I am a lucky guy too 😁
@peters.6343
@peters.6343 2 жыл бұрын
@@cutlerylover I should have added Lol because I was kidding.
@Fernandito104
@Fernandito104 21 күн бұрын
Very good interaction father n daughter
@ranger688
@ranger688 2 жыл бұрын
Just don't add to the collection until you are debt free.
@ShrockWPS
@ShrockWPS 22 күн бұрын
Firearms are a great thing to invest in, one of the reasons being you can sell them for either even or a profit. I've bought and sold quite a bit when I have extra money and when I need or want extra money.
@Shewmethetruth1611
@Shewmethetruth1611 24 күн бұрын
Guns are an appreciating asset vs cars which depreciate dramatically the moment you take it off the lot.
@kelsiewilson
@kelsiewilson 12 күн бұрын
In Maryland, never sell anything. Especially anything thats been restricted and grandfathered.
@JohnnyBurnes
@JohnnyBurnes 2 жыл бұрын
Pay off by...December? Just wait til December! Give me the guns for Christmas if you're so eager to get rid of them!
@SOPARA862k
@SOPARA862k 28 күн бұрын
Determine which one you'd most want in a home defence situation, sell everything else. Also if you regularly hunt, pick your primary rifle and keep that too.
@Kflash3782
@Kflash3782 2 жыл бұрын
I would love to be his neighbor, “Hey Fred, about that SCAR?! - I’ll pay your light bill next month, what do you think?”
@hiteshadhikari
@hiteshadhikari 2 жыл бұрын
And he starts a mining rig and his bill becomes 20k for that month - my luck
@gagewesterhouse9558
@gagewesterhouse9558 4 күн бұрын
The average electrical bill is like $200 a month. Wtf are you talking about???
@weaselton
@weaselton 2 жыл бұрын
I just want to say props to they guy to be considering it.
@valdomero738
@valdomero738 2 жыл бұрын
Don't sell a single gram of your metal.
@andrewcaton6793
@andrewcaton6793 28 күн бұрын
Guns and tools are two things you never get rid of.
@ericlopez7120
@ericlopez7120 2 жыл бұрын
Play it backwards. If I took out a bunch of debt to get some guns, would it be worth it? Unless they’re family heirlooms I say sell it.
@I_like_turtles_67
@I_like_turtles_67 2 жыл бұрын
I have to agree on this. Luckily I never used debt to buy my guns.
@ErrorPagenotFound-ig1cy
@ErrorPagenotFound-ig1cy 2 жыл бұрын
If you dont have CASH to pay for those firearms then stay away from the gun store🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️🤡
@I_like_turtles_67
@I_like_turtles_67 2 жыл бұрын
@@ErrorPagenotFound-ig1cy I am currently haply with what I have. I've basically been buying Ruger RGR stock in a retirement account. They pay a nice dividend that I set on drip. They had a bonus 5.00 dollar dividend in 2020. That was pretty epic. 😍
@dohnjoe735
@dohnjoe735 28 күн бұрын
That's normally what dave says... right?? 😂
@cladgreenhero5576
@cladgreenhero5576 27 күн бұрын
In addition to the short time horizon, the thing that makes this a unique exception is that it’s an appreciating asset. I’m personally the type of person to take one last group photo and purge a chunk of them, but it’s up to you to decide if the juice is worth the squeeze.
@reesercliff
@reesercliff 2 жыл бұрын
wonder if Dave's opinion would of been different if it was a videogame collection instead of a gun collection
@donventura3844
@donventura3844 2 жыл бұрын
More than likely yes
@Popeye21
@Popeye21 24 күн бұрын
I regretfully had to sell off almost my whole collection before so I could stay afloat. Now my life has changed, I’m in a better financial situation, almost debt free and I have a nice collection going on
@brettascott124
@brettascott124 2 жыл бұрын
The example that Dave brought up is what grown ups do
@BassWhoopinFishingTeam
@BassWhoopinFishingTeam 7 күн бұрын
I once sold a WWII Springfield M1 dated to june of 1944. Granted i flipped the hell out of it and made like $1200 during covid but now to buy it back would cost even more as the M1 Garands have skyrocketed in value for whatever reason. The worst part is I didn’t even have to sell it. I miss that rifle every day. The amount of stories that rifle must’ve had is mind blowing. Its just something ill have to live with unfortunately. I never sell anything I wont miss now. I haven’t sold a gun in a while. If you don’t have to sell them, don’t. Because you will absolutely regret it and buying them back someday will most likely cost more than you originally bought it for and sold it for.
@stevenporter863
@stevenporter863 2 жыл бұрын
Sell the gun collection to Dave then buy it back when you are debt free. 😂😂😂
@dummgelauft
@dummgelauft 10 ай бұрын
😂😂😂
@bigboyzguns8164
@bigboyzguns8164 23 күн бұрын
I regret every single gun I've ever sold from my private collection. Keep all of them.
@ShrockWPS
@ShrockWPS 22 күн бұрын
I've sold many and most I made a profit on. Odd to have regrets on selling some steel
@ShedzGuy
@ShedzGuy 2 жыл бұрын
Sell precious metals? In today’s environment? Never!!! And don’t talk about them on public radio.
@TestTest-ei4gi
@TestTest-ei4gi 2 жыл бұрын
It’s legal…… there’s nothing illegal about saying you have a gun collection on radio. It’s not like he said he killed someone lol
@47pricey
@47pricey 23 күн бұрын
The question here should be should you remortgage a paid off home to pay off consumer dept
@wtk6069
@wtk6069 2 жыл бұрын
Once you get through the baby steps and finally have some wealth, you gotta protect it with something, right?
@medbill
@medbill 17 күн бұрын
I needed to hear this today!
@redfox_84
@redfox_84 2 жыл бұрын
I feel bad for that guy, being a gun owner in MD
@BeingFireRetardant
@BeingFireRetardant 2 жыл бұрын
So few people get that joke...
@Cool12354
@Cool12354 2 жыл бұрын
Yes one of the bad states. Very hard to get a CCW, can’t even protect your life. Who cares if your rich….if your dead .
@andycraig6905
@andycraig6905 18 күн бұрын
Don't sell irreplaceable stuff or what you defend your home and yourself with. But the varmint guns and the 500 magnums and the 5 other ars, yes. Get rid of those before something more important.
@grandtheftavocado
@grandtheftavocado 2 жыл бұрын
He lives in Maryland. There’s not much he can “legally” possess that are super desirable out of state. Sell them in Maryland and move to a better state.
@MotownModels
@MotownModels 2 жыл бұрын
move to a different state because of... guns?
@mathisnotforthefaintofheart
@mathisnotforthefaintofheart 2 жыл бұрын
Maybe this person has a career in Maryland. And maybe for him Maryland has more to offer than a dust place like Mississippi?
@grandtheftavocado
@grandtheftavocado 2 жыл бұрын
@@MotownModels People move to other states because of politics all the time....
@TheOnlySgtRock
@TheOnlySgtRock 26 күн бұрын
@@MotownModels Most definitely.
@williamfarley7134
@williamfarley7134 5 күн бұрын
I sold a lot of stuff that meant a lot to me that at the time I thought was just material stuff and it is. I just look back now and realize how immature I was. I sold guns, jewelry, and cars that were passed down to me. I wished now I would have kept them for my kids one day.
@crash406
@crash406 2 жыл бұрын
Those who are willing to give up freedom for security deserve neither.
@jjmax3400
@jjmax3400 2 жыл бұрын
Thomas Jefferson?
@atc404770
@atc404770 2 жыл бұрын
I love this clip. Rachel and Dave are always good together.
@stopthetories
@stopthetories 2 жыл бұрын
If there was only one reason I would love to live in the US, it would be to own firearms.
@mathisnotforthefaintofheart
@mathisnotforthefaintofheart 2 жыл бұрын
You can live in Switzerland, be part of the army reserve and own a firearm (meaning you get to keep it at home). And Switzerland is a whole lot better nation to live than 3rd world US
@dedalliance1
@dedalliance1 2 жыл бұрын
@@mathisnotforthefaintofheart "3rd world US" lol. Look we have our problems but we're far from 3rd world. Go visit some 3rd world countries and assuming you make it back alive let me know how it compares.
@kratostomatoes8587
@kratostomatoes8587 2 жыл бұрын
@@dedalliance1 Go visit some Democrat cities, and assuming you make it back alive, you can edit your comment.
@dedalliance1
@dedalliance1 2 жыл бұрын
@@kratostomatoes8587 Oh it's not that bad you big cry baby lol.
@mathisnotforthefaintofheart
@mathisnotforthefaintofheart 2 жыл бұрын
@@dedalliance1 I readily admit, there was some irony in my answer. Homelessness and radical Christianity aside, the US is a great country and has a lot to offer. But it won't beat Switzerland as a whole (Have YOU been there?). And yes, in Switzerland a lot of men are life long soldiers (army reserve) and they get to keep their rifles at home! Part of their constitution. The Swiss really have their ducks in a row...
@SingerAuto1967
@SingerAuto1967 10 күн бұрын
I struggled with selling my 67 impala that was used in a TV show. It would pay off 80% of my debt but it also makes me a extra 35,000 a year doing shows with it. It’s a car that my son loves and we went cross country to get it. It’s literally a 1 of 4 left out there. I decided to take a little longer on the debt and just use the income it brings in and throw 100% of that at the debt. It’s more than a car, it’s 3 years of cross country trips with my son and thousands of fans that see it a few times a year at the shows. The car is paid off so if it ever comes to the car or loosing my house or daily drivers the car will go. But for now it’s spent money that makes me more so I keep it.
@alinatamashevich3354
@alinatamashevich3354 2 жыл бұрын
Just curious, does he have a 12 gauge street sweeper for sale? Asking for a friend
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