“You Can’t Afford a $1,000,000 Home!”

[@appleiphone69]

Champagne taste, beer money.

[@annaelisavettavonnedozza9607]

Yep!!!

[@jaredgates4310]

How do you know? They didn't even ask his income.

[@OtisFlint]

@@jaredgates4310 He works in the school system. He's not making enough to afford a 7-figure home unless he has significant outside income.

[@jaredgates4310]

@@OtisFlint This is 2024....his wife likely also has a profession.

[@BREEZYM6015]

I do drink either. 😂

[@burritogod59]

This guys wants to move out of the city but be close to family and not leave his job but not live in a townhouse or condo but not pay 1 mil for his house but not have to home school. He is literally all over the place.

[@MissDuke2012]

Issue spotting is hard for a lot of people. We get a lot out of speaking these out of ourselves. Then we can see how jumbled our thoughts are and be more intent on focusing on what is actually important to us.

[@MooMoo69556]

He’s been listening to Andrew Tate

[@howlbeast]

He needs to follow someone cos he’s lost

[@anishnewton100]

​@@howlbeast Following people is how we remain lost. He just has to sit down with his wife and make a plan.

[@BREEZYM6015]

I bought a townhome in September of 2023 on 60k a year. It's going well so far.

[@tension-ie5ik]

I am closing on a house in 2 weeks. I have no credit score. It's "indeterminable", as the credit bureau puts it. No debt and putting 20% down to avoid pmi. Churchill and my credit union pre approved me, but I went with my credit union. I was surprised that it worked just like Ramsey said. Amen.

[@Treerootz1]

What’s your interest rate? Just curious

[@tension-ie5ik]

@@Treerootz1 7.125%

[@klardin24]

My first house bought at 19... zero credit i called probably 10 loan officers.. first 9 laughed at me said call back in 5 years with credit. Finally called 1 said absolutely i can work with you. Id love to. Bring me statements saying youve paid bills and rent on time etc. I did and got first house for no down. 6% rate etc. Little 2 bd. Now ive got very good credit anyway.. but always remembered the realtor and loan guy that didnt laugh at the 19 year old no credit kid wantin to buy a house. Was 20ish years ago now.

[@taz24787]

@@klardin24 Well, before 2008 crisis they were giving home credits like crazy.

[@roadrunner9622]

If you've got 20% down, they don't have much to lose, considering they can foreclose if need be and easily re-sell it for 80% market value.

[@caroldonohoe2092]

Calls for advice but doesn't really want it. He will do things his way.

[@roadrunner9622]

Like most of these callers lol

[@19hundoc47]

Ya probably just like you’ve done in your life. Doing what you want

[@outwestexplorer1966]

More likely his wife's way.

[@shells500tutubo]

@@outwestexplorer1966 Seriously? Sounds like it's his way but he doesn't know shizz from Shinola about reality.

[@le_pepe_dale]

$83k in the bank but holding onto $10k in credit card debt and they want to buy a house. Buddy, I have a few books for you to pick up first.

[@kylerowland1227]

And sounds like it was sitting in a checking account losing to inflation.

[@panzaverde20]

Books? All they need is common sense

[@Flockko342]

@@panzaverde20😂

[@oldhag2881]

Common sense has become so rare that it can now be considered a superpower.@@panzaverde20

[@linuxsurfer2002]

Yeah it's bad enough when people won't pay off a mortgage when they have double/triple the balance. But the interest rate is eating up his money and he doesn't even realize it.

[@jvzzyj5926]

“She literally has no idea where she is” 😂😂😂

[@tom5083]

It’s funny because it’s true

[@charlesg7926]

The only smart comment he made the entire time, was pointing out how bad the schools in Denver are, and how quickly it is going downhill due to… ya know.

[@charlesg7926]

But they definitely should buy a townhome if they have teacher salaries and only 83,000 in the bank. That’s pretty much their only realistic option

[@Big-Government-Is-The-Problem]

just like Joe Biden and most democrats lol. they thought they were living in the first world but in a few generations they turned it into Haiti, and they have to now spend $1m to afford a house in the homogenous places where its safe and not 3rd world lol.

[@Big-Government-Is-The-Problem]

@@charlesg7926 yeah, they need to spend a bunch of money to live in the white neighborhoods, its ok to say it dude. we were afraid to be called "racist" or "Xenophobic" and because of it now america is less than 60% white and clearly its not been getting any better for whites or anyone else. people refuse to admit that Europe and the US were safe, unified and rich because of its high average IQ homogenous populations with a certain culture. multi culturalism is a clownshow that leads to nothing but conflict. when you import the 3rd world you become the 3rd world. im half mexican and half white and im smart enough to admit that white people created the best countries on earth, not mexicans, not africans, not middle easterners etc. there are a few decent Asian countries like Japan, and SK, which again are ofc high average IQ homogenous places with European/american influence in theri governing style. dont forget that it was whites that came up with the concept of democracy, before the USA every country on earth was a tyrannical dictatorship

[@Teamshmo]

This is a huge problem many people are facing. The cost of living is insane and the quality of the area is going down.

[@Jane-rh7tc]

this guy's problem is he's completely out of touch with reality and horrible with his $$. He would have financial issue anywhere he goes, unless he finds himself a loaded sugar mama to spend $$ however much he wants, he probably already has one, consider he just sit at home doing nothing except relaxing and making phone calls to podcast shows on a wkday while waiting for his wife to get off work and pick up their kids. Shouldn't he be getting off his lazy ass and go find a job or a side hustle to make contribution to their million $$ dream house when he's this free? 😂

[@DaveSterrett]

It’s like people calling in and saying, “Dave, I’m undecided about credit cards and I want your advice about which three I should apply for.”

[@patriciaalbertson5183]

😂😂😂

[@BREEZYM6015]

Makes sense. So which three are the best?

[@cathiematthews1359]

I don’t want the Disney castle… I want Snow White’s cottage, with a small courtyard to grow vegetables and flowers. That’s the dream!

[@BamMilg]

Extremely intelligence that showed me alot.

[@BREEZYM6015]

I can help you achieve that.

[@davidlloyd1526]

Wasn't Snow White squatting in the dwarves' cottage after she broke in while they were at work?

[@daffydlwellen1270]

Food for thought about home loans: The fully amortized cost of the $500,000 loan at 6% interest over 30 years is approximately $1,079,662.62. That means you are paying The Bank $579,000 for the use of $500,000 You buy a home for yourself and 1.18 homes for The Bankers. This is called "good debt" because it is so good for The Banks.

[@polishpimp4233]

The problem is timing when it comes to Real Estate. Long term let's be honest real estate is a shit investment. Homes historically go up in step with inflation which means it's a net zero in theory WITHOUT wear and tear to consider. It just so happens you need a roof on your head and right now rents are so comically high even in the hood in most part of Florida so many people will justify ownership in the mindset of at least you have something to show for it. Sure if you bought your home back in 2016 yeah you are in good shape... if you are buying now in Florida there are plenty of signals out there to state you bought high and are gonna get rooked. I am seeing rents fall below your run of the mill mortgage payment even on the water. It's not a good sign. BTW banks find ways to leverage your debt in other types of financial products... the interest they make on you is chump change in the grand scheme of things and a good part of what caused the last financial crisis.

[@stevekru6518]

Half of 30 years is 15 years. Fifteen years ago $1.50 bought was $1.00 buys today and inflation seems to be rising. The buying power of the $1,080,000 spent over 30 years might equal $540,000 today. Houses are expensive to maintain but tend to increase in value. Not a bad deal to buy a house. Infinitely better - and I mean that literally - than credit card debt (unless the debt is used to capitalize a successful business)

[@polishpimp4233]

@@stevekru6518 respectively I would say inflation in the last 5 years is about 50 percent if not worse forget about 15 years. My car insurance is up 50 percent since pre covid. My condo insurance is up about the same. My Hoas have pretty much doubled in 5 years. The government is comically under valuing the actual inflation rate at their pathetic 7 percent which is clearly not including those things and of course housing. The inflation rate is probably 15 percent a year at a minimum since covid (printing money will sort of do that) I would argue all debt is bad especially credit card debt and car debt (outside of course positive leverage debt.) Anyone who is buying still comically over priced cars at 10 percent interest rates I really do feel bad for. All these markets are going to correct cause they are all massive bubbles real estate included. These northern prices for homes when people are still making southern wages in the south has gotta come to an end eventually and signs are already here.

[@brownsugga2584]

And this is what I teach my son!

[@a.s.2426]

What a silly and unidimensional analysis. You forgot about property appreciation among other variables. Secondly, you’ve got to live somewhere which, for most, means either buying or renting. By your assessment, rent is an even bigger “scam”.

[@jusplay7309]

3k a month is a pricey apartment maybe downsize in apartment for a while to add to the down payment

[@AliciaMcIntire]

That's pretty normal for Denver. They had a tech boom 10 years ago caused Bay Area housing prices

[@juddwatson1067]

My wife and I live in a smaller townhome in the area for around $2200/month. You could find something for around $2500-2600 easily for a 2 bedroom apartment.

[@AngieMcdonald-fu9nh]

My exact thought. They should have waited to breed and spent 2 years in a cheap one bedder to buy a house. They have taken the easy road and its going to set them back. "We dont want a townhome" dude you made your bed now lie in it.

[@scottrowsey292]

4:37 I don’t care what you want Ronnie this is about reality.

[@GDuncan8002]

He's a man so we can say that.

[@steve2474]

I wonder if his wife is as scatter brained as he is? I mean he sounded like a good guy, but good grief this was ridiculous. "We have this debt and have the money to pay it off, but won't because we want to use it to put a down payment on a $750k to $4M home that we can't afford, but we might not want to stay in Denver because it's going down hill, but we got our family here and our daughter is 1"

[@linkbelt111]

At times he sounds like a special needs person, stumbling to get a sentence out.

[@polishpimp4233]

it's called keeping up with the Joneses. He wont set boundaries with his wife.... he is suffering from Happy Wife Happy Life syndrome.

[@tylerdryman]

right. I watched the whole video and couldn't even tell what his question was supposed to be

[@ghostofmanitou6864]

That's what I was thinking while listening to this guy. If he's an educator I'm not impressed.

[@roadrunner9622]

He also doesn't want to leave his job

[@kvgolfa]

"Uhh the houses are 700k to 4 million. But also we might move to another state. But also I might change careers." What was the question here lol

[@wahinepaddler4]

All over the place..

[@philsanderson7024]

The question is: "If I take an already chaotic situation and then lump a 7-figure mortgage on top of it, will I make my situation better or worse?" I've got an easy answer for you, hombre ...

[@Trewq79]

"Sometimes I’ll start a sentence and I don’t know where it’s going. I just hope to find it somewhere along the way." -Michael Scott

[@Youtubeaccount369]

Some of these people man - old boy is so lost

[@bereniceeyebrow9541]

He should have called Delony first in order to get his ideas together and after the decision was made, then call the Ramsay show. 😅

[@thomasokeefe3081]

Special THANKS TO THE RAMSEY TEAM.$ 30,000 in debt. Used the debt snowball and 4 years I am Debt Free. I'm a widower and living off of Social Security. If I can do it anybody can. Just quit being STUPID.

[@xlerb2286]

Good for you! Best wishes for a happy future.

[@TheEsperKing1]

Way to go!! 🎉

[@lindaanderson1016]

Congratulations 🎉.

[@thomasokeefe3081]

Thank You@@xlerb2286

[@HTxBossLady]

Congratulations 🎉❤

[@Cristobal8605]

He sounds so defeated and not convinced, right out of the gate. There is no joy in his words.

[@charleslavoie5402]

That’s how majority of us feel….. Worn out because of reality.

[@amielawson8344]

Paying off credit cards will not negatively impact your credit. Paying off loans can. Just went through this.

[@cantgetright742]

It actually boosts it because 0% used gives the best score. My credit “drops” every time it gets reported because they report whatever I spent recently. Even though you enter that

[@laundrygoddess4]

​@@cantgetright742my credit score dropped when I had a zero balance on a credit card.

[@gvwj]

This caller seems very confident. May he continue to dig his own financial grave.

[@texasboy5117]

I want our first home to have 4 bedrooms 3/12 baths, home theater, game room, den, and an office. As well as full finished basement, and a three-car garage. We want around 4,000SF, sitting on a 2-acre lot with a view of the mountains, in a gated community.

[@magicmarker7047]

LOL. Why stop there?

[@texasboy5117]

@@magicmarker7047 glad you liked the humor. These people want everything now.

[@magicmarker7047]

@@texasboy5117 They sure do and are willing to go into crazy amount of debt to do it. And how many end up divorced because of it.

[@Ewoonation]

This guy is not going to pay off his debt and is going to buy a home way too early and be severely house poor.

[@oldhag2881]

But at least someone will get a margin when he goes through foreclosure.

[@linuxsurfer2002]

And then complain about how he's stuck in the lower/middle class.

[@Philippinesbound42]

The wife is saying buy buy buy

[@HermanBekkink]

I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.

[@MarvelousSteven-z9t]

The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.

[@JanetBrandt0]

This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.

[@RobertFarley532]

Mind if I ask you to recommend this particular coach to you using their service?

[@JanetBrandt0]

Leticia Zavala Perkins, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@chrisevans-i5y]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@charleswagenseil5496]

Bless his little heart

[@gseybold]

😂😂

[@steve2474]

Yes, they didn't ask about household income (in their defense, this guy was all over the map and probably off the map, too). But once they pay their debt off and leave 3-6 months expenses in an emergency fund, that leaves them with around 40k. A 20% downpayment with $40k would get them about a $200k house. If Ronnie would have stopped and listened, I'm sure they would have told him to either 1) Continue to rent and save and build that savings back up or 2) Buy a starter home and then keep saving with the goal to upgrade to a larger and more expensive home in 3-7 years.

[@rachelmaddowswife8713]

I don't think there are any $200k starter homes in Denver though, especially not with a second bedroom for the kid.

[@steve2474]

@@rachelmaddowswife8713 The Denver suburbs or surrounding area? If not, it does make sense for him to move.

[@rachelmaddowswife8713]

@@steve2474 I'd be surprised if there was something that cheap (with multiple bedrooms) within easy commuting distance. That price is considered very low for most of the country now, let alone a notoriously expensive area. If you're lucky enough to have a portable job, you can move to the places that are still dirt cheap, but a lot of people in specialized industries are stuck paying these prices, it's a big problem. The other issue is that most households are dual earner now, and the statistical likelihood that both people can find a good job in their field in rural South Dakota or whatever is pretty low. Educated couples are kind of stuck in major metro areas.

[@nephetula]

As of 4/20/2024, there were 140 homes (3BR+2BA) available in Denver for under $500k.

[@dixcn]

If this guy is the head of their household then this family is screwed.

[@Shortballa11]

they are still doing better than majority of America. Somehow he is dumb and smart at the same time lol

[@danieljohnson4418]

Seriously. He has $83,000 in savings and minimal debt. This family is financially screwed. 🙄

[@janelleg597]

If only we all could be perfect like you

[@DDDD-of3hv]

perfect examples of our great indoctrinational systems. Still don't think we should be getting a tax refund for the stoopidity that is out in the wild?????

[@liberator9248]

​@@danieljohnson4418he is about to do something STUPID.

[@ecclairmayo4153]

This call is all over the place

[@fordresurrectionest9556]

This guy doesn't know if he is coming or going 😅

[@nohandletobehad]

Ronnie needs to figure out what he wants first🤦🏻‍♂️🤦🏻‍♂️🤦🏻‍♂️

[@rooster5755]

dont have much debt and then in next sentence they have $10k in CREDIT CARDS!my wife and i would go nuts with that!10yrs ago we maybe had $2-3k regularly and that was driving us nuts...now we carry NO balance...

[@malcolmlove4602]

Classic example of Analysis Paralysis - dude is in a wild spin cycle

[@jasonbornne7767]

Ronnie has more money than sense.

[@lizzieb6311]

Exactly! 🎯

[@tylergnosis2581]

Omg yes

[@DougAlesUSA]

……and he don’t have much money. 😂

[@lizzieb6311]

@@DougAlesUSA Haha! That’s the way they live these days: beyond their means…or whatever a greedy Realtor will tell them they can afford.

[@drn13355]

I can't even follow what he is talking about. He is broke, but has money. He works for the schools, but doesn't like the schools. He wants to move, but doesn't want to move.

[@maengh82]

Hi I live in Denver, and I think he lives in Washington park, the premiere neighborhood in Denver. The public school in that area is NOT that bad, that is just an excuse to soothe his ego. Fact that he has to move all the way to Colorado Springs, while passing Parker, Aurora, Castle Rock, monument, while those suburbs have amazing public schools, tells me how household income is really low. Btw, hundred thousands of people commute from Colorado Spring to Denver 5 times a week. Totally doable on Hybrid schedules.

[@EPPOTTER-k6i]

Alot of wrong things with this caller 🤦‍♀️...10K on credit cards with money in the bank to pay it today..looking at one million house in a city that doesn't even want to be in, don't want a condo, he got on George's nerves for a sec 😂

[@Caliabra]

Realtors always encourage you to buy - don’t ask them for financial advice

[@stevekru6518]

And barbers recommended haircuts, even to the bald.

[@takethecurseOFFwashingmachine]

I know, it’s a pet peeve of mine when people ask specific industry professionals broad financial advice. Like of course the realtor will recommend buying a house through them……..nothing is worse however than the “financial advisor” who sells annuities, recommending you place a high percentage of your net worth in one of the stock market based annuities they sell. I personally think that practice should be illegal. A fixed rate annuity might have a place as a component of someone’s financial picture. I think any annuities tied to stock and bond performance are pure scam jobs, promising high returns with the reality being that high fees ultimately prevent any significant performance. I also think it’s ridiculous for the people who sell these to be labeled as anything other than salesmen (or women)

[@cherylpeterson1]

My realtor suggested a larger home-no. He was a friend & did a great job for me!! Keep looking for a realtor who listens to your needs!!

[@christinehopping5040]

This guy is like a lost sheep without a shepherd. Hope he listens to George's wisdom.

[@rd24life]

I pay off my cards in full every month and use the reward points. My credit score is exceptional. You don’t have to carry debt to have an exceptional credit score

[@Flockko342]

The way Gorge asserts his advice really hits home and settles in your consciousness sorta like how Dave Ramsey does

[@clintscott3300]

I and my wife own single home family rentals. we have 200,000 U.S left on mortgages. We are now the possibility of maintaining 70,000 U.S annual income by selling and investing in stocks and bonds. How does this work out?

[@benalfredo]

Real estate is a solid investment but demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.

[@_davidturner]

Sell and invest option is viable, but crucial to consult a trustworthy cfp for income projections aligned with your goals. monicamarystrigle, a remoteadvisr, significantly grew my protfolio by 227percent by me modelling trades and patterns on charting.

[@_davidturner]

Sell and invest option is viable, but crucial to consult a trustworthy verified f/a for income projections aligned with your goals.

[@_davidturner]

monicamarystrigle; a manhattan f/a, significantly grew m protfolio by 217percent, reputable among elites in NYC.

[@simone_maya]

clintscott3300 real estate isn’t as liquid as cash or cash-equivalents, or even stocks and bonds. But I rather the latter. Just as you’re experiencing, real estate can be a lot of work.

[@biskit7]

I have a credit score over 800, and pay off the credit card every month.... so you are not negatively impacted by paying off your debt..

[@jackgoat9825]

You know what’s worse for your credit score… carrying a balance lmao

[@DaveSterrett]

The audacity of people to call in and act so confident and ramble on and on, but they have not taken the time to listen and understand Dave’s principles and baby steps. But it’s entertaining and we’re all listening lol

[@LV-FOURTWENTYSIX]

Generally within 60 seconds you can tell if the caller is going to take the advise. Then after that point you wonder why they even called at all.

[@1fabricmom]

This guy is not going to take their device! He’s going to buy a unaffordable home & continue to be a slave to debt! Debt is a big reason for marriage failures! Too much pressure!

[@USMC6976]

He's paying $3,000 rent, so he will naturally want a $3,000 mortgage. And that is where the problems really begin. As a renter, you don't have to fix things, pay the property taxes, (all that is in the $3,000 monthly rent).

[@MPop1018]

$1m - 83k still leaves a mortgage of 9.17k. 30 fixed at today’s % is >6k a month! Plus payments on 10k credit card debt and 7k car loan. I get trying to teach about better money strategies, compounding & patience, but that’s not even the worst of this story.

[@beaniemac]

Why would anyone with that much cash purposely carry this credit card debt??

[@elijahsplaytime2540]

It really depends. Example: if you have cash in the bank but also debt. If you're making a higher rate of return on your cash investments vs what you're paying in interest on your debt it makes sense to keep your cash in the investments. If it was the opposite it makes sense to pay off the debt

[@revondamehovic3132]

I'm guessing fear. I think he's worried that if he uses part of their savings to pay off the these bills he'll end up needing it for something

[@alinatamashevich3354]

@playtime, what investment pays more than 18% ,he pays on that credit card? Talk about being bad at math.....

[@ihaveadreamformykids4400]

Our house payment is 20% of our take home pay. I bet with his take home pay, he’ll have about 20% left for expenses and 80% mortgage 😅

[@rd24life]

Can any caller speak in a coherent manner and get to the point

[@rachelmaddowswife8713]

Serious question, where do you find a 5% savings account? The default one with my bank is effectively zero percent. Help!

[@andriennethomas262]

Google HYSA or High Yield Savings account

[@Unknown_Tranquility]

Ronnie needs to watch about another 3-500 of these videos, then everything would make a lot more sense.

[@rdmineer1]

It's more important to live in peace than in a castle. Clear your debts and establish financial security, then choose and pursue your goals carefully at a relaxed pace. Debt free with significant cash on hand brings upon you peace and confidence, and invaluable time with your family like nothing else. People around you, airing their struggles, will only encourage you further. That's how I live on only $40k/year.

[@pi37]

Colorado Springs looked ruff last time I visited, guy just wants to be acting Rich 😮

[@USMC6976]

And that is his problem.

[@BaconMountainMan]

A $1 million house will easily be much more than what he's paying in rent. He's nuts. He's also nuts for wanting to buy in Denver. He needs a condo or townhome in the suburbs... The far suburbs.

[@davysmith8569]

he never said it, but guessing he is a teacher. Talk about a bad job for Denver. cant even eat on that salary

[@Stanginsean281]

Ronnie came on just to talk about himself and not listen to the experts

[@chrissmith8469]

Yes ronnie likes to hear himself talk

[@linuxsurfer2002]

His mind was already made up but he started fumbling when presented with different opinions

[@ykook7000]

Many of the male callers are like this don't listen and won't take the advice Waste of time

[@joshgullicksrud3444]

Don’t get financial advice from a realtor.

[@DavidHanson-p4f]

I'll say!!!

[@jaredgates4310]

They didn't even ask what his income is.

[@OGA103]

Housing prices in the Springs isn't much better.

[@mrlion2022]

1 million dollar homes will be the new norm that's reality 😂😂😂😂

[@knowledgeispower817]

If you want the perfect house, but a starter home is still 200 to 300k

[@mrlion2022]

@knowledgeispower817 Not in colorado unless you're south of pubelo. The average starter home is 400 plus

[@oscarrivera1958]

George has a point he needs to adjust his expectations but also paying the cards right after closing on a new home would be wise, to get the best interest rate given their current credit score

[@benc2547]

They never even asked him how much money he makes to see if he can afford a house in that price range

[@Trueix]

Said education like a school so probably not much

[@Jbb7272]

I can’t keep up with this conversation… he’s all over the place…

[@Beloved_Boahemaah]

4:23 “I said REASONABLE”😂😂😂

[@ghostofmanitou6864]

Colorado Springs might be even more expensive than Denver. Unless you are willing to live in a tiny shack Average people cannot afford to own a property with a mountain view.

[@maengh82]

Nope trust me, Denver is still more expensive, I checked. lol

[@a.miller8316]

Denver is definitely more expensive than springs, is not even a question

[@jeep19]

Too many people do adult things, kids, wife, home, and doing it for the wrong reasons 😔

[@alanm500]

If wishy washy were a phone call.

[@marieke-2736]

Omg yes 😂

[@ifynwamma]

😂😂😂😂😂😂 True

[@scottsanders2474]

The way the caller said a home in the Denver area would go from $700K to $4M tells me he wouldn't even consider a home in the $700K range. Nope. He wants 7 figures on his mortgage and a $40K down payment won't even move the needle. I'm amazed at young people today who expect to move from renting into a home that will carry a house payment of $5K+ per month and that's on a 30-year note. That's just the beginning of the expense of home ownership. Young people today need to learn patience. Buy a condo for $200K. Live in it for 5 years and you'll probably be able to sell it for at least $300K. Use the equity to move to a starter home. Gradually work your way up. Patience, grasshopper.

[@a.s.2426]

Yup. The guy clearly doesn’t know his numbers at all. He thinks purely qualitatively.

[@AbandonedKittyLiter]

You know you made it in life when you couldn't care less about your credit score. Once you have assets and REAL income, the banks don't even look at your credit

[@NatalieS-kh3ck]

LOL that isn't true unless you are buying all in cash

[@AbandonedKittyLiter]

@@NatalieS-kh3ck sorry, it's true. Once you have asset backed "credit" that number means nothing. I can have a 500 credit score, but if I have $1.6M in assets... I'm getting that loan. Sorry hun, I know you'll get to that point and you will understand what I'm saying. 😇

[@NatalieS-kh3ck]

@@AbandonedKittyLiter Im not your "hun" and I have no idea what kind of loan you are talking about. there are sub prime loans you can get but no conventional loans with that credit score I know more about the than you, your mom, your dad and your entire ancestral line. got in hun

[@gregh2107]

Move to parker or highlands ranch and commute. Prices are much lower. Living in Denver is insane

[@oldhag2881]

Ronnie won't change anything.

[@mominthe209]

I don’t even know what the question was??!!

[@patrickchilds5486]

Paid 600k for our home in 2013 here in Florida now worth 1.5 million. I could never afford this house today. At least a nice home do leave to my son just paid it off.

[@mrlion2022]

Colorado Springs has the same issue as Denver and Boulder he should try pubelo or Far South he said, "Welcome to the party. 1 million dollar homes is the new norm 😂😂😂😂😂

[@katherinesawicki7064]

I agree that credit scores are a bit overrated. But I was nonexistent on the credit spectrum in my early 20’s and when trying to find an apartment, I was given a worse price due to this. I got my first secured card with a $200 limit when I was 21 I think. Now I’m 28 and while I do use credit cards, I have NEVER carried a balance. My credit score is now over 800. I have zero debt, over $30k in savings and about $20k in my Roth and 401k. My salary was between $25k-$55k each year. I don’t think anything negative has come to me because I like having a good credit score or even having credit cards. People just don’t use them correctly.

[@laundrygoddess4]

Ramsey doesn't believe anyone is a credit card person but they are wrong. 48% of people are credit card people and they need to stop being so stupid about this. One size does not fit all.

[@LindseyHarvell-vc4ez]

You know what’s really stupid? Borrowing money and having debt when you could just pay for things yourself.

[@laundrygoddess4]

@@LindseyHarvell-vc4ez paying it off before its due isn't stupid at all.

[@katherinesawicki7064]

I have no debt. 🤷🏼‍♀️ My fiancé just got his first credit card in the last year to boost his credit score and he also had no debt. I think we’re doing just fine. He did a three month tech certification and within 2 years is now making $85k. He has almost $30k in his 401k he’s had a very short time. We plan to buy a house in about 5 years and plan to put at *least* 40% down. I stand by the way we’re handling our finances 100% but it’s ok if you disagree. ☺️

[@AH-ne3qn]

Smart man keep the loan on the vehicle!... Pay off the credit card debt but keep the auto loan because of the low interest rate vs a mortgage rate!

[@thecavemanswife]

I never realized how much Ken sounds like Jerry Seinfeld until this call LOL close your eyes and you will hear Seinfeld.........

[@CherokeeMaxx]

Paying off a credit card BOOSTS your credit score, because it's revolving credit and the account doesn't close. Paying off a car loan is a different thing.

[@funtechu]

Also, the caller is being absurd with the price expectation. There are still SFHs in Denver in the $500k-$600k range.

[@M-Is-For-Margaret]

I was wondering whereabouts he was talking about. Cherry Creek or LoDo area? My friend and I were talking about housing in Denver just a couple of days ago. He says old ones are starting at $300k. I think that was a little bit more than spanking brand new ones built up in Northglenn/Thornton years ago. Are the housing you're talking about in the Five Points area?

[@theflightsimulationexperie6894]

This is a perfect case of, “you can’t have everything you want in this world.” I used to live in LA and moved to Charleston SC in 2021 to buy a “house”. Well I hated SC and now live in Boise Idaho and like it very much but I can’t afford a nice out here so we are settling on a condo or townhome. life always has compromises.

[@Llama_vet]

Aye my city is the Holy City! lol 😂 I moved as well. But it’s still beautiful.

[@xlerb2286]

That it does. For me the compromise was living in the northern great plains. Cost of living is low, there are plenty of opportunities for most any profession. But some people just aren't going to want to live in fly over country or deal with our winters. Neither of those things are an issue for us. And living here has allowed us to have a pretty darn good lifestyle.

[@nikan7704]

​@@xlerb2286 How does the pay compare nationally, if cost of living is low there? Wondering because my husband and I are often talking about moving away, but not sure where to move to. And what you describe sounds nice :)

[@drewdelaney4166]

SC is a swamp in the summer and to much of that southern belle BS for me. I couldn’t do it either. Boise Idaho sounds like a hidden gem of a place

[@xlerb2286]

@@nikan7704 Short answer is "it depends". The trades pay quite well, there are technical jobs available, the most common being software development and mechanical engineering but there are many STEM opportunities. The pay will be less here than more populated areas but the cost of living more than offsets that. Further west the oil industry has many good paying jobs but that's a bit more boom and bust. Semiskilled jobs don't pay well here. For my part I'm a software developer and my wife and I live pretty good here in the upper midwest.

[@christiangross11]

Min 6:50! Key right there 🎉

[@joeriveracomedy]

83 in cash? The investment interest would put a smile or two on this guy. Live edit: why do all these callers talk in circles & yack on their logic and arguments?

[@lizzieb6311]

Love these two together…my favorite Ramsey Team. Ronnie can’t wait to become broke…”more money than brains” as my Dad would say…

[@Julies-in-a-mood]

And the companion saying: “more luck than brains” … which has definitely described me from time to time🤣

[@lizzieb6311]

@@Julies-in-a-mood Me too! 😂

[@martinvho]

'Have your cake and eat it' is a silly expression. You can't eat yourcake and have it! That is the point!

[@MinhvuLy]

Thanks for the clarification! This expression has always stumped me.

[@edwinrivas18]

Under no circumstance does paying off credit card debt hurt your score. What might hurt it is if you close the account all together because your credit age drops.

[@James_Hough]

Credit scores tell LENDERS whether or not they will make money from you and that means you keep paying interest without paying off. That's why it goes down when you pay off loans- no more making money from you.

[@jgallone]

@@mattdillon6899 I'm in the same boat as you...debt free, pay CC off every month and still have a high credit score (this has been several years now). I am pretty sure folks that keep saying that paying off your debt only hurts your score have never actually done it and are just parroting what they read on the internet. Now, if I totally cancelled my credit card and went cash only, then sure, my score would drop...but at that point, what does it matter?

[@GDuncan8002]

​@@mattdillon6899 Correct. I had an 850 when I used to use cards but pay off monthly.

[@DistrictTribute]

Don't move to Colorado Springs. We're full.

[@JasonGroom]

The algorithm will very temporarily drop your score after paying off a secured debt like a car or house. Paying off revolving credit like a card will not decrease your score because it takes into the equation the now up open credit.

[@Richie2k6]

"She literally has no idea where she is" LMFAO I'm dead

[@godsdozer]

Do I take the flyer miles or the cash back ?

[@Executor009]

Mess, the first word to come to mind.

[@marijavasilevska1581]

The way the caller talks, he is not educated! These folks will have a 50 year work lifespan, maybe even longer!

[@newmexicoballer3867]

People always get that phrase wrong. It's not " Have your cake and keep it too" it's " Keep your cake a eat it too" so many people get it wrong 🤦

[@benjaminmoore985]

Ronnie been smokin some of that Colorado lettuce

[@GNX157]

Whatever money you were going to put in the high yield savings, don’t. Get on Treasury direct and put it on t bills. They’re running right at 5.25 right now and the earnings are state income tax exempt, saving you more.

[@USMC6976]

Exactly!!!

[@drhoughton5481]

DTI would be better with cards paid off. yes..... zero percent is MUCH better than CC 22% interest.

[@debse.7286]

The guy needs to look at working out his options and priorities. There must be some way to make it work. Perhaps save until the kid reaches school age, then buy in a good area. Perhaps finding a new job then.

[@jgjg3848]

He needs to move about 1/2 hour away from Denver. He wants to live the rich guy life, but he doesn't earn that. Pay off the credit card and move to a cheaper area.

[@daiseman]

These guys should take some calls from Canadians... You guys would have a field day!

[@USArmy19DScout]

He’s talking about Colorado Springs being more affordable for them where there are 100 houses available around $450k…yet somehow wants a $1 million house in Denver…where you can also find a hundred houses around $450k. Something is not adding up…

[@JoyofRVing]

My credit score goes up everytime I pay my credit card off. If I leave a balance, my score dips.

[@rmitton2008]

You can buy a nice 3br 2ba condo in Denver right now for around 300k

[@Trueix]

Hoa fee probably 2000 a month

[@SeunJubril]

“That was a big jump.” 😂

[@Vumillionaire]

The caller wants everything 😂