Solar panel sales guy said, "We can cut your electric bill in half!" My electric bill is $110 per month. I said, "So you're going to save me $55 a month? That's $660 a year, and at that rate it will take 30 years to recoup my investment." He hung up.
@drprofessorpowersport2 жыл бұрын
how long does it take to recoup your investment on your home?
@coniccinoc2 жыл бұрын
@@drprofessorpowersport Solar panels leak. Anyone who tells you different is either trying to sell solar panels or trying to sell their leaky roof solar panel house.
@rayjgold2 жыл бұрын
@@drprofessorpowersport You recoup as soon as you sell.... and in most cases, you get more than you invested. The only other option is to rent, and your rent is never recouped.
@JON-hb1mv2 жыл бұрын
@@rayjgold You'd have to pay off your mortgage first so on average it would take over 30 years to recoup your principal investment... not even talking about interest
@drprofessorpowersport2 жыл бұрын
@@rayjgold how is that different from solar? Aside from the fact it might not appreciate. The only other option is to "rent" from the utility company, which you never see a return on.
@PristinePerceptions2 жыл бұрын
She's not laughing because she thinks it's a joke. It's her defense mechanism. Good thing Dave put her on the plan. They need it.
@stellarocquie79572 жыл бұрын
He "put" her on nothing. She isn't going to follow through.
@brockreynolds8702 жыл бұрын
Yes.... Dave and many other people are too stupid to recognize nervous laughter.
@kishaanderson29472 жыл бұрын
Exactly.. She's nervous and anxious for sure. Sometimes I laughed under pressure because you fell guilty airing your faults, especially on national radio! I hoped she started the plan and continues to follow through.
@katemiller78742 жыл бұрын
Ya she’s nervous.
@katemiller78742 жыл бұрын
Ben- she has a child.
@truegrit76972 жыл бұрын
I've been in financial trouble before. Now, I own my car, I own my house and I have zero debt. I don't have a ton of money, but it is cheap to live if you have no debt. My rule of thumb, don't jeopardize my savings, and if I can't easily pay cash for it, I can't afford it. Also, just because I can afford it doesn't mean I need it; needs v. wants. The only bills I get are utilities; I can't tell you how good that feels.
@darabowen8077 Жыл бұрын
We are.right with you!!! It's great to not have the burden of debt!! 20+ years ago were my debt battles!
@andrewt9521 Жыл бұрын
No debt is awesome but only bills are utilities? What about property taxes, insurance, phone bill, car insurance, internet, Netflix…. I would love no debt and am working on it but living a “normal” life in the US is expensive.
@southernbelle2478 Жыл бұрын
You dont have phone bill or car insurence
@peartfaldo Жыл бұрын
wants mean you're bored. go for a walk.....that "thing" you think you want will be sitting in the corner in a month gathering dust....
@cafsixtieslover Жыл бұрын
@@andrewt9521 I have a friend who calls me greedy because I am still working full time at pension age. According to her I because I have no mortgage and "your only other bills are utilities" I can afford to cut my income in half. I said what about everything else not to mention saving for emergencies?
@2023Red2 жыл бұрын
This lady is wise to have called into the show. She is not stupid just afraid and has a way out. The question is does she and her husband have the willingness to make change. Change is hard.
@vickieclark59312 жыл бұрын
At least in this situation they have quite a bit of equity in their home. So if worse came to worse, they can sell their house and start over. Most don't have that ability. This couple is far from being bankrupt.
@DNA350ppm2 жыл бұрын
I wonder why the husband didn't call in - why did he let her do it, is he angry at her for impulse-spending, does he feel ashamed for buying the solarpanels, is he reluctant to admit they need to start anew? Such emotional aspects need to be discussed kindly, unjudgementally, and come up on the table and be solved together.
@theoriginallewbert2 жыл бұрын
Lady is pretty dumb. Math is hard for them.
@FR-tb7xh2 жыл бұрын
Drinking the coolaid to buy Solar panels was stupid.
@FancyRPGCanada10 ай бұрын
I love that the guys on this show understand that people get overwhelmed and stressed and stop thinking logically. They’re in fight or flight. Dave and co are here to help literally knock some sense into people, with love of course
@Rashaadthegr82 жыл бұрын
Solar panel with a loans and house debt is literally the epitome of debt on top of debt.
@joanmvalentine2 жыл бұрын
😆😆😆
@barrycook81162 жыл бұрын
Fact!
@TimeisUp222 жыл бұрын
My dad was able to get them for free through insurance, I’m curious why they weren’t offered that route as well.
@barrycook81162 жыл бұрын
@@TimeisUp22 how was he able to get them for free from insurance? The insurance doesn’t just hang out free money…
@TimeisUp222 жыл бұрын
@@barrycook8116 I have no idea. It had to be either home owners or life insurance. But thats my assumption, I assumed thats what everyone was doing at that time. Ill ask him tomorrow.
@barryf547910 ай бұрын
$30,000 to "save money on electricity"???? There's your problem.
@dash48002 күн бұрын
Yeah, clearly not the brightest people
@Shoeslyyork Жыл бұрын
A few years ago my home caught fire. The fire department was able to save my home thank God but as I was helpless watching my roof burn I had an epiphany, "it's just stuff!!" You don't need stuff to make you happy. The moment you stop wasting money on "stuff" your financial worries get less and less.
@dianehess5520 Жыл бұрын
I agree but we all need a roof over our heads. Can’t afford to buy? then rent. Life is pretty simple until we take big stupid steps in the wrong direction.
@pb57711 ай бұрын
I say that line also: "it's just stuff" ever since a huge tree fell on our house. No one was killed or injured and that's all that matters. The rest is covered by insurance and it's replaceable.
@danielle2285122 жыл бұрын
Honestly just sitting down and making a weekly/monthly budget on a simple Excel sheet makes such a difference! It helps you to have a visual of how much is going in and out, and you can see what you can cut back on/how much you can spend. It has been a life saver for me.
@toddprater142 жыл бұрын
Excel sheet,that’s advanced.I used a good old mead spiral notebook paper 😊
@mow_1073 Жыл бұрын
Well said !
@reginacameron3011 Жыл бұрын
yes it really helps I love mine and have shared it with friends.
@losmit2194 Жыл бұрын
Im.going to implement this
@bia_dev Жыл бұрын
I've been doing this for about 2 years and it brings so much peace of mind! I know where every Real goes and so far I've accomplished lots of things.
@andreaj83192 жыл бұрын
I don’t know if selling their house is the right idea with the rising rent in America. I think their house will help shield them.
@sobeliever16382 жыл бұрын
Agreed rheny need more income
@sarahmc83092 жыл бұрын
Yep ! More income and budget and get rid that 15k debt for a start !
@matthewgardner21442 жыл бұрын
If caller got a job making 40K or so a year they'd have the debt taken care of in a few months. Plus invest and plan for the future and build equity in their house. The husband has a child support obligation, this all should have been in their long-term planning when they got together and had a kid. And having the other kid is fine, and he will also be fine in daycare/preschool. They also need to go through their budget. line item by line item. "Breathe" is the best advice. Dave & Co. were spot on with this caller.
@vjs45392 жыл бұрын
Definitely don't sell the house. Rent will cost more than your house payment. And they are going to raise the rent so high that noone can afford to live.
@nicholegallo10902 жыл бұрын
Yep. My parents rented all while my mom was alive till 2013, and in those 25 years they were together (they met in their 20s and 30s) - the rent went up 65% a joke. Now my dad is a single father living with us and owns his fathers old house.
@leadnsteel14282 жыл бұрын
It's sad. Renting in a big city is just too expensive
@bik3r2302 жыл бұрын
No it wont lol
@original86162 жыл бұрын
Yeah Dave shouldn't have said that
7 ай бұрын
If none can afford to live the city will become empty. Is that something you think that can happen?
@gracelikerain50392 жыл бұрын
She reminds me of myself I'm very unorganized I thought I was broke till I looked at my income taxes WHERE DID ALL THAT MONEY GOOO but I've been learning about managing my money being more organized and thanks to shows like these I've given up the monthly payments lifestyle and I'm about to pay off all my debt little by little and after I will invest !
@losmit2194 Жыл бұрын
Update???
@franknberry333 Жыл бұрын
I've been debt free since 2005 and it feels wonderful!
@turtleanton6539 Жыл бұрын
I get thst 😊
@JeffThompson-ny8ih11 ай бұрын
Not really you still pay a electric bill and pay for gas and pay taxes we are all in debt too the very end of are lives I have 300k put away and I still feel like I'm in constant debt when I open the mailbox
@ElJefe36010 ай бұрын
Are you a Millionaire now?
@BillyTimes-dw7vs10 ай бұрын
If your not free and clear on your mortgage your not debt free but you are congratulations 👏
@bonin84489 ай бұрын
im 34 and have like 55k in debt ive been young and dumb i know ive was spending more than i made now i know better and can get out of this quickly i can imagine how nice it feels dwbt free before i came to USA from Mexico i was debt free
@Swedetwin2 жыл бұрын
"Of course I don't want to resent my stepdaughter".....and Dave talked right over this sad, yet revealing comment. It clearly shows that she does not hold herself accountable for failing to control her spending.
@rayhill57672 жыл бұрын
She resents her stepdaughter
@Sasha04062 жыл бұрын
THIS!! That’s exactly what I heard too! She resents the step-daughter. Why even mention “after child support” in the very beginning? I knew right then and there she resents the step-daughter.
@cloudedcolour53292 жыл бұрын
@@Sasha0406 probably because his net pay would be maybe double, then CS takes a chunk of change out of it
@karlabritfeld71042 жыл бұрын
She blames the kid for their problems.
@melissab05152 жыл бұрын
@@cloudedcolour5329 no way. My ex makes about what this guy does and I receive $100 per week to support our son.
@savebees2 жыл бұрын
A rental at this point would probably be more expensive than staying in the house.
@leadnsteel14282 жыл бұрын
I'm Canadian and house prices are ridiculous here. I bought cheap don't know how future generations will afford it
@bobs1822 жыл бұрын
@@leadnsteel1428 I suspect housing will become a bit lower within the next few years. People's incomes aren't going up at the rate that housing is going up which will soften demand.
@kcblues2sherwood6522 жыл бұрын
exactly!
@marcelosantana93112 жыл бұрын
I feel sorry for anybody renting. It is just crushing.
@YouGotOptions22 жыл бұрын
All depends on where you are renting
@fueledgaragetv121211 ай бұрын
Selling the house is rarely the answer anymore. I sold my house in 2010 and started from scratch and for 10 years my rent increased literally more than my annual pay increase. Now bought another house, I’d rather be broke with a roof and equity than broke and covering landlords increase each year.
@steviejd58032 ай бұрын
It’s so good to dip back into these inspirational videos and just get that Dave Ramsey kick up the tooshie!
@Stephan2P2 жыл бұрын
How can people live like this? What boggles the mind is that most people live this way and think it's normal. This is freaking crazy!
@christophermartin9722 жыл бұрын
As a reformed liver of this type of lifestyle I can only say that it kindve creeps up on ya and slowly becomes normal. I can only see it clearly now through the benefit of hindsight.
@scottgould65902 жыл бұрын
Christopher Martin, experience is often the best teacher.
@VHale-yz7hc2 жыл бұрын
It’s like anything the craziest stuff seems normal if you’re in it long enough
@bobs1822 жыл бұрын
They just keep buying one more thing that they "need". American garages are full of things that people could live without and leaving no protected place for their cars.
@princessvivianna2 жыл бұрын
You have to live within your means.
@TexasMade9032 жыл бұрын
There is someone always in our neighborhood trying to sell solar panels. I tell them through my ring doorbell to keep it moving.
@jesuslovesyou9162 жыл бұрын
Thanks for the laugh
@johnnyanderson32872 жыл бұрын
Did he look like the Monorail Guy from The Simpsons?? 😂😂
@littlebob12612 жыл бұрын
Imagine mocking someone that will save more money than you, while you pay a power bill until you die to ERCOT which left you in the cold while your lawmakes flew to Cancun
@BunkMasterFlex772 жыл бұрын
I say I'm going with a windmill in my backyard.
@brianparrett1142 жыл бұрын
With Texas in your name, I assume you are from Texas... did you lose power during the winter storm of 2021?
@vangtk102 жыл бұрын
Dave: “Better than I deserve. How are you?” Caller: “I’m great! We’re broke and don’t know what to do!”
@karlabritfeld71042 жыл бұрын
Hahaha
@okiebrown62012 жыл бұрын
My first thought when I heard it!!
@FancyRPGCanada10 ай бұрын
It’s so weird how we default to say we’re okay isn’t it? She’s probably meaning her health
@XboxSpecialist7 ай бұрын
My health ain’t even ok . Good news is all they want to hear . They don’t like it when I’m down .
@slamdunkslamdunk69952 жыл бұрын
The caller sounds so sweet. I wish her all the best .........and the strength to run off the ‘double-pane-window’-sales guy!
@dcg5902 жыл бұрын
She’s not sweet. She needs to work and she won’t
@slamdunkslamdunk69952 жыл бұрын
@@dcg590 Don’t be jelly. jk. She sounded sweet. IDK if she truly is.
@kristinab10782 жыл бұрын
@@dcg590 She would like to work from home because she has a young child at home. If she did work outside the home, it may not make that big of a dent after all the related costs with transportation and the cost of child care.
@autistic-lutheran-carnivore2 жыл бұрын
I believe most people think "If I can afford the payment, I can afford it." Change your thinking! "If I cannot purchase it in cash in full, I cannot afford it." Another thing about purchasing stuff with debt is if it can legally be taken away from you for any reason (i.e. failure to make payments) is it REALLY yours?
@brianparrett1142 жыл бұрын
Here in Texas if you don't pay your property tax bill the county can take your house even when you own it free a d clear without any mortgage or other liens on it. So is it ever really your house?
@bobbyb76722 жыл бұрын
💯💯💯
@andrewneilson2272 жыл бұрын
DING DING DING we have a winner
@stevenporter8632 жыл бұрын
@@brianparrett114 To answer your question about a house, not really. Even if paid off there is always a 'lein' on it because of taxes. Most people miss that, thinking the paid off house is theirs no matter what.
@autistic-lutheran-carnivore2 жыл бұрын
@@brianparrett114 You bring up a great point that I think should be remedied somehow. I don't get why there should be a property tax.
@AdamJohnson01102 жыл бұрын
It's obvious that something doesn't typically work in your favor when they're coming door to door to sell it. In my central FL neighborhood, we get 5-10 solar salespeople a year knocking on the door, not to mention constant calls. If it was such a good thing for the homeowner financially, they wouldn't need to be knocking down doors to get customers, they'd be so far backed up with demand that the customers would come to them.
@lemongrass39452 жыл бұрын
It depends where you live honestly. You live in Washington state solar panels are not worth it. You live in a state like Arizona its worth it
@karlabritfeld71042 жыл бұрын
@@lemongrass3945 hahahaha, I used to live in Oregon. We definitely didn't need solar panels.
@katemiller78742 жыл бұрын
Same. I’m in Ohio.
@thomaswilliam58706 ай бұрын
And every time they come by they say how all the neighbors are signing up yet years later no one in the neighborhood has any panels up.
@profitmix4412 жыл бұрын
She agrees with everything but doesn’t seem like they will do it. I meet ppl like this all the time.
@drewdelaney41662 жыл бұрын
Sometimes depression is so powerful you can’t create any reason to change
@bluegillmich2 жыл бұрын
Before i read your comment , i thought the same thing. Lots of laughter in this caller. Giggle,giggle..
@joeltroughton30212 жыл бұрын
Lol yup
@kristinab10782 жыл бұрын
She took the initiative to call. That's something. So yes, I think she will try.
@glow18152 жыл бұрын
Agreed. She might not follow through( forgot about it) or other excuses lol
@SavageSanto2 жыл бұрын
And just like that I feel BETTER about my life and finances.
@matthewgardner21442 жыл бұрын
"We don't owe anything on cars. One is rent-to-own." How is this not a debt? These people are a laughing mess.
@karlabritfeld71042 жыл бұрын
Americans are car crazy but don't own houses. Id rather drive a clunker so I can have a paid off place to live and not worry.
@Liv2Pnt2 жыл бұрын
I think she meant it as there wasn't a loan with interest for it. She can give it back to the friend they're renting it from and not have a loan balance to pay off, or penalties, or anything like that.
@matthewgardner21442 жыл бұрын
@@Liv2Pnt Here's how to make it do: save $$ for a replacement car and pay in cash, not wacky rent-to-own schemes with friends (which will fall apart) or financed through a car dealership. That's how it's done.
@benkelley65612 жыл бұрын
Yeah. A friend of mine recently bought a new home theater system and stand. I thought it was really cool until he said the whole setup is $179 per month. I think from a rent a center. In ten months you would have paid off your TV if it's a nice one.
@imnitguy Жыл бұрын
@@benkelley6561 dude, I buy TCL Roku TVs from Walmart for my furnished rental homes. *I literally paid $248 for 65" TVs during black Friday last year. That people with no means will spend almost $2000 on a 12 months commitment for a lesser TV than Walmart sells for under $250 I will never understand.* Of course I'm 50 and drive a Honda Fit so clearly I don't care what people think about me. At all!
@kingsexploits2 жыл бұрын
Listening to her and her reactions, I can see lots of positivity and energy in her. I am sure she will be out of the woods soon with maestro Mr. Ramsey on her side. Good luck, Jessica, and hats off to Sir for helping another in this sort of trouble.
@PurpleRose8725 Жыл бұрын
That's not positivity, she's breaking.
@Asif249602 жыл бұрын
Her laughing annoyed me initially but then realised it’s actually her natural defence when nervous. The salesman who sold them the $30k solar panels must be a genius because they might be saving maximum $100 a month!
@bobs1822 жыл бұрын
Yes, not only are the cost of the solar panels not cost effective in reducing their power bill but they have to be removed to replace or fix the roof. At $100 a month it would take 300 months to pay for the panels not counting interest. There are also repair bills during the life of the panels. Also, when you sell your house the panel debt comes out of the proceeds from the sale.
@w.andrewmeloni47232 жыл бұрын
Yes, almost as crazy a financing $300K for a home when you can rent for $1300 / month
@mitchhedberg44152 жыл бұрын
@@w.andrewmeloni4723 Except a 1 bedroom apartment is 1300 a month, A 300k home is $3k to rent. They have equity in their home already, you never get any in an apartment. If they keep the home they will have a nearly free place to live come retirement time.
@skylarmartin20502 жыл бұрын
Where are you renting where you can find an apt for 1300 - my area you can’t
@canatolakhoemini67282 жыл бұрын
I don't think that he's much of a genius, rather her husband and her are very unintelligent.
@cutehumor2 жыл бұрын
When Dave said "better than I deserve".. caller laughed. She is broke
@katemiller78742 жыл бұрын
Nervous laugh
@hachwarwickshire17182 жыл бұрын
The house gives you a psychological crutch. It can calm down the debt panics. It will give you the calmness to make good decisions. Excellent.
@belowsealevel86632 жыл бұрын
Fast forward one year and selling the house to cash out the equity won't be an option. All that equity is about to evaporate as the housing bubble collapses.
@captainkrunch63722 жыл бұрын
Dave should tell every caller to Never ever buy a timeshare.
@wallflower18522 жыл бұрын
Golden rule: If you can't buy it twice, then you shouldn't buy it.
@flaqko56862 жыл бұрын
Doesn't work with houses
@ericdahl29152 жыл бұрын
Works with toasters. Not cars
@jinzukinoha74242 жыл бұрын
@@ericdahl2915 😆
@jeffjurasek66562 жыл бұрын
works with everything use to buy cheap car parts and regretted it each time now i do it right the first time i step back look at the situation my money my time lines for all things
@emanuelriquelme11332 жыл бұрын
Only buy wants with passive income 🤴🤴🤴
@Mrs-yt9ox Жыл бұрын
She need to go to work and help her husband. These times require a two-income household. You should never let our spouses struggle to pay bills. Even if she works part time ; it’s better than nothing.
@clittle18077 ай бұрын
Not if child is an issue.. hopefully, she can get something that works for their situation.
@rebeckawoods60937 ай бұрын
Depends on the cost of child care versus after tax income
@beckygeer64802 жыл бұрын
They don''t have a budget, she doesn't know where their money goes
@Leelang9312 жыл бұрын
If you really want to save money on your electric bill, just turn off the lights in rooms your not in.
@786otto2 жыл бұрын
Hahaha,exactly.
@katemiller78742 жыл бұрын
Lights are minimal with electricity. The big ones are heat and air condition
@queenbee36472 жыл бұрын
Thank you! My husband never made the connection of lights on and tv blaring all evening = big electric bill. 👍
@erickottke9673 Жыл бұрын
If you left all your lights and TV's on all time that would be something like 150 watts. The refrigerator is something like 200 watts by itself and the air conditioner or heat pump is something like 4000 watts. If you're talking about lights you're looking in the wrong place for savings.
@sct404010 ай бұрын
@@queenbee3647 buy LED lightbulbs and change them all.
@DeeLee-p8cАй бұрын
Git on dem rice n beans😅😅😅😅😅
@cathy78242 жыл бұрын
She can get a job at a daycare or gym that way she can work and have her kids with her. The two of them can work it out so she can work at night or whatever time he can watch the kids.
@opizacharyuhaulhascomeinmy21392 жыл бұрын
Women don’t try they like being lazy
@cathy78242 жыл бұрын
@@opizacharyuhaulhascomeinmy2139 I am a woman. I work, most of the woman I know work as well.
@CourtneyRobinson2 жыл бұрын
That is what I did with three then four. Worked teaching fitness, cleaned houses, kept peoples kids in the summer. All of this without a sitter. Worked when dad was home. It was hard but not forever.
@jacob_gang2 жыл бұрын
@@CourtneyRobinson Exactly! Creativity . And they grow so fast! Now I’m looking back at when they were babies and now they’re taller than me . I’m like omg this is a temporary situation .
@LeMErin212 жыл бұрын
Just… wow 😳 The solar panels thing is really blowing my mind.
@tonybryant78462 жыл бұрын
lol....talk about the "green new deal"....lol
@vickieclark59312 жыл бұрын
@@tonybryant7846 LOL. IKR? People that purchase these solar panels prove that there is a sucker born everyday.
@mikehurt32902 жыл бұрын
I have a friend who sells solar panels and say it's so easy and makes a lot of money, he said one of his smaller deals was 46k for the panels
@erickottke9673 Жыл бұрын
@@davidwanklyn8842I would die laughing. She would be my hero if she did that.
@fire127318 ай бұрын
I’m mind blown too . ridiculous to buy them 🤦♀️🤦♀️🤦♀️
@vindoodles734611 ай бұрын
I hope that "home business" isn't an MLM, cuz if it is.. giiiirl drop that thing like a bad habit, it's only stealing your money.
@timetravelers-262 жыл бұрын
I always come to this channel for a confidence boost when I'm feeling down. At least I can manage my own finances and struggle to understand how foolish and childish people are. Once you take ownership for your decisions, life gets easier... imagine that!
@Kolodzie2 жыл бұрын
Absolutely
@ae32092 жыл бұрын
Same 😆
@bullswoodworks83982 жыл бұрын
I hear people screaming this doesnt work. a year later, house is paid off, land is paid off, two cars almost paid off and I can see the light at the end of the tunnel. The whole time, I am still an alcoholic. it could have been easier but it definetly works. Time goes by slower though when you drink.
@miketheyunggod25342 жыл бұрын
Can't wait for the free electricity from the solar panels FORTY years from now.
@gonzaga453772 жыл бұрын
By then they will be on their 3rd set.
@vickieclark59312 жыл бұрын
Exactly! That's why to me solar panels don't make any sense. It's like buying an 80k electric car to save on gas.
@Jamie-rn8re2 жыл бұрын
@@vickieclark5931 it’s amazing how many people disregard the cost of the car when working out how much fuel they would save with an ev
@billybeemus39292 жыл бұрын
Payback is closer to 10 years when you purchase your system up-front. Then you get free electricity for the next 15 to 20 years.
@sobeliever16382 жыл бұрын
@@vickieclark5931 enivornmentally they do
@mxerb59122 жыл бұрын
100% self inflicted. You put 30k dollar solar panels on a 300k dollar house
@mxerb59122 жыл бұрын
@@saulgoodman2018 you pay 30k in power?
@Mactakun2 жыл бұрын
@@mxerb5912 I think he means if the monthly payment for the solar panels is less than the monthly payment for electricity. Not likely though.
@mxerb59122 жыл бұрын
@@Mactakun doesn’t matter At 200 bucks a month, it takes 12.5 years to return your money. Hoping that the equipment lasts that long. You could have doubled your money in that time
@paulvarjak73782 жыл бұрын
@@saulgoodman2018 I've run the numbers many times. When you take into consideration the limited lifespan of the panels you always end up in the red.
@austininflorida2 жыл бұрын
@@paulvarjak7378 Don't forget that the loan or lease on the panels can make the house a nightmare to sell if you need to move. You have to really read the fine print on deals like that.
@jking57722 жыл бұрын
They can’t stop spending you can tell in her voice that she is not taking these calls seriously just keep saying yeah “I know I know” which means she’s going to keep doing it. the desperation in the voice is not there yet.
@katemiller78742 жыл бұрын
She’s laughing because she’s nervous.
@whiskey3922 жыл бұрын
I'd like to see a follow-up with them in a year or so!
@pmw3839 Жыл бұрын
Always impressed that all these callers have all their numbers at their fingertips. At least they know where they’re at.
@jessy788410 ай бұрын
If the rent will cost as much as the mortgage. It does not make sense to me sell the house.
@jasonleatherwood2172 Жыл бұрын
I would be scared to death with those numbers but 5 years ago that was me finally left my dead end job as a assistant manager at a grocery store took a apprentice job fixing household appliances almost doubled my old salary in 2 years my bachelors degree in management was a waste of 40k and 4 years of my life
@pamperedgurl2 жыл бұрын
I’m surprised with her listing her expenses and what she owes she didn’t figure out why she is broke. I saw the exchange of looks between Dave and George.
@brianparrett1142 жыл бұрын
I wonder if there is hesitation to increase income because that can increase the child support payment.
@Ernster862 жыл бұрын
Lol I doubt she can figure out what 1 + 1 is. They are a lost cause...
@chief59812 жыл бұрын
@@Ernster86 hopeless. Eternally doomed.
@jeromehenry44842 жыл бұрын
Caller knew WHY they are broke; she didn't know how to turn it around. Wish Mr. Ramsey/George had asked caller what she did for a living before she was married, sounds like she needs to go back to work soon because she cannot afford to be SAHM.
@jeromehenry44842 жыл бұрын
@@brianparrett114 If caller goes back to work, that will not increase child support. But if husband makes significantly more, then possibly child support could be increased.
@christinebutler76302 жыл бұрын
You can't afford to stay home unless you can get a work at home job, not business, job.
@dorianfranklin13998 ай бұрын
Not true. It requires some sacrifices of material things and strict budgeting but it can be done. I did it!
@sarrahconley39232 жыл бұрын
This reminds me of til debt do us part. The organizational tips Gail gave really helped.
@katiebrent33322 жыл бұрын
Great show! I've saved a lot of money taking her advice 😃
@Charlie-zj3hw2 жыл бұрын
spend 30k to save a 150 a month electric bill lol
@DIAMONDGIRL572 жыл бұрын
🤦🏽♀️🤦🏽♀️🤦🏽♀️
@bettysmith45272 жыл бұрын
No even, probably like 50 bucks, if that!
@christophermartin9722 жыл бұрын
Their great, great grandchildren may reap the benefits in 80 yrs 😂
@secretpal60392 жыл бұрын
Yeah, not too bright.
@Mimi_fiufiu_coquito11 ай бұрын
Why are her solar panels so expensive 😮?
@juelzd71722 жыл бұрын
Having a 3 year is still expensive as well, I was paying $500 a month on daycare. I was so happy when he started kindergarten
@mominthe20910 ай бұрын
If you’re not in California, buying solar may not be a good idea.
@BrandonMinguez2 жыл бұрын
They need a budget and they need to stick to it. If they can do that, this mess can be turned around.
@macyturner948510 ай бұрын
24 years old, government job with a pension, spouse and I both make 100k combined. We live in coastal NJ. We have no student loans, no car debt (we have simple cars like elantras), no debt at all. We sure don’t have the nicest things but those will come with time. Living in Jersey, we aren’t putting as much as we’d like into savings, but still making it by with no debt.
@amy2284 Жыл бұрын
When I had the situation she had, I watched one kid and I earned almost 1000 dollars a month in 2003. It helped us till husband got another job with 30%more during the dot bomb time. It’s temporary but kept us from going under. Also, it’s nice for my child to have another friend to play with.
@blueravenchick Жыл бұрын
This is actually a great idea!
@ET-hc4wl2 жыл бұрын
Sounds like she was saying she doesn’t want to resent the child but Dave cut her off. If that’s her thoughts, she’s foolish. Child support isn’t the reason you’re broke.
@littlesongbird12 жыл бұрын
Exactly: it's based on her husband's income. She probably just wanted to be a stay at home wife and spend spend. Also it's not like she didn't know he had a daughter he was supporting?
@katemiller78742 жыл бұрын
It’s taking away from his income.
@scott.m.thacker2 жыл бұрын
My biggest problem is that I don’t make enough money. Even went back to school when I was 40 and got my associates degree in accounting. Problem I am running into through every turn nobody will hire me because I don’t have experience. I am trying to provide for a family of four on $22k a year. Thought about getting a part time job but I have health issues and just don’t know if I could physically handle it. Time is slipping by as I am almost 49 and I am just stuck and tired.
@charleezy1232 жыл бұрын
Try uber
@blmxo88272 жыл бұрын
@@charleezy123 LOL with gas prices the way they are you would break even. Our family did that but it’s not worth it now with gas prices.
@pseudorealityisreal2 жыл бұрын
Hang in there man. You have people who depend on you.
@scott.m.thacker2 жыл бұрын
@@pseudorealityisreal wife and kids are the only thing keeping me going. Just need someone to give me a chance. We are even more than willing to relocate.
@lal5555f2 жыл бұрын
@@scott.m.thacker nursing
@jimroscovius2 жыл бұрын
Why did you spend so much when you had no money?? No sympathy here. Beans and rice. No restaurants. "We have no debt on cars, but one is rent-to-own." That's debt!! Start working, woman. One of you work days, the other work second or third shift. Share taking care of the kid. That's what we did!!
@lbadger28292 жыл бұрын
You speak truth. These people don't want it that bad.....
@glow18152 жыл бұрын
I always wonder doesn't it scares them waking up every morning BROKE. Would scare me to death.
@jimroscovius2 жыл бұрын
@@glow1815 It did us. We hated answering the phone because it would be a bill collector. We found an eviction notice on our door. We had that "We're never going to be here again" moment.
@maureenogorman87402 жыл бұрын
She agrees with everything he says. Sell the house "right". Don't sell the house " right". This was hearing active listening theather.
@Jane57202 жыл бұрын
I love how he asked Dave Dave always ask how are you and they say they’re great and then they dump their big story on them so they’re not great
@katemiller78742 жыл бұрын
I think it’s a standard reply.
@bahwickee2 жыл бұрын
she makes multiple statements about the step daughter... this is awkward.
@MrTmenzo2 жыл бұрын
Just like yesterday's call too. Note to self women hate stepchildren huehue
@jeromehenry44842 жыл бұрын
Single people without children should not marry someone with children from prior relationship(s). It's just not possible to come out as top priority, nor your mutual children.
@triciabrown14622 жыл бұрын
Right? I think when Dave talked over her she said she doesn’t want to resent her stepdaughter. For what? Existing? And existing in her husband’s life before she met him? She already does resent her, and really the stepdaughter is a scapegoat for the couple’s stupid decisions. Sorry, stuff like this pisses me off because I was the stepdaughter. Every birthday I had to hear a countdown to when I would turn 18 and child support would end.
@christa32242 жыл бұрын
@@jeromehenry4484 I don't think that's always true. I have a friend who married a guy with four girls. Her husband has joint custody of them with his ex-wife. She loves those girls to death. That being said, they are far from broke, like the caller in this video...
@Emmalittlepengelly16903 ай бұрын
I needed this video, the monopoly example is excellent. I'm just a bit behind and not winning.
@plants4thewin2 жыл бұрын
Why on earth would you get something so frivolous as solar panels? This is all a joke to her. I would be horrified.
@coniccinoc2 жыл бұрын
@@littlebob1261 I would not buy a house with solar panels. They leak and constantly need repair.
@MrMadaket782 жыл бұрын
@@littlebob1261 Along with a great deal on ocean front property in Arizona
@joycewright53862 жыл бұрын
Some people giggle when they are nervous.
@ellencox84152 жыл бұрын
@@littlebob1261 🤣 said no one who has actually looked into the cost vs. the savings. Thanks for the laughs.
@PIMPJUICE8822 жыл бұрын
@@littlebob1261 This guy definitely bought solar panels
@DNA350ppm2 жыл бұрын
I get the vibe that as a couple you didn't help each other to give your best, each and together. How is it working now with a budget and a goal that will depend on both doing what you are capable of, when you really show off? Don't fear other people's envy, you might as well be many people's inspiration!
@edgehodl48322 жыл бұрын
dont sell house, cause rent will be wayaay more than the mortgage. its gonna get really bad out here. mortgage does not go up every year. rent is increasing at 30-40% rate.
@brianparrett1142 жыл бұрын
The P&I doesn't go up.. but the taxes and insurance can and will.
@jumpiam84772 жыл бұрын
No escrow. The mortgage will be the same for 30 years.
@brianparrett1142 жыл бұрын
@@jumpiam8477 Do you to have to pay property taxes where you live? Do you not carry insurance on your home?
@jumpiam84772 жыл бұрын
@@brianparrett114 I do. I pay a house insurance and a property tax by myself. It's not in escrow. My mortgage payment doesn't go up and down because of that. That's what I mean.
@brianparrett1142 жыл бұрын
@Randall V with my current mortgage my loan to value ratio was large enough that the lender didn't require me to setup an escrow. So I manage it myself and get the interest on my money rather than the lender. In my case, the payment to the lender will never change.
@ralphholiman74012 жыл бұрын
Well, one good thing about being totally broke. You have nowhere to go but up.
@vickieclark59312 жыл бұрын
True, but unfortunately some people get even more broke cause they continue to do stupid things.
@wkdravenna2 жыл бұрын
We don't owe any money on our cars were renting to own.
@conquistador22 жыл бұрын
That I don't get, unless the cars dont work
@bobbyb76722 жыл бұрын
Then she said it was a gift...
@Isabel-re7sl2 жыл бұрын
surprised he didn’t question that!!
@bobbyb76722 жыл бұрын
@coasternerd The rent to own one right?
@LifeUnfiltered892 жыл бұрын
Solar is garbage I lived off grid with great solar and my ex father in law is a solar engineer and he said it’s not even close to regular grid electricity. However we had to use our generator more then I would like to say. Stop buying this sweetheart. No spend challenges, get your envelopes together and stuff them to bills you HAVE to pay. Start saving. Baby step it. Dave, thank you. You changed my world. I got 11k out of debt in 2019 and I am starting it over again.
@jonathonwright525 Жыл бұрын
Never get involved with someone who has baggage from previous relationships. She said we have child support. Nah. You got linked up with someone who owes child support.
@jeanlaubenthal6986 ай бұрын
And often funny how the second wife resents seeing that child support go out the door.
@KC-dr3cg2 жыл бұрын
I love his recommendation. Dale Carnegie "How to quit worrying "..solve the worst possible scenario...cut phantom electric expense, only buy basic food for nutrition, get on KZbin for extreme budget ideas..listen to Ramsey Solutions daily..
@markratigliano37252 жыл бұрын
Dave did a good job working with her
@maryfeigen77152 жыл бұрын
Why are you laughing lady. You're in trouble! Heee...heee
@dcb11382 жыл бұрын
5:28 She just proves she doesn't "Get it"...because she thinks selling her house means she's going to "put money down" (which she doesn't have) to buy ANOTHER house...No honey....your living in an apartment.
@Vydio2 жыл бұрын
Which may not be the best move.
@avaalva41432 жыл бұрын
I never thought of a baby step zero of being sick and tired of being sick and tired. The step in which you have to decide whether or not you are going to start the baby steps.
@skibum64222 жыл бұрын
I laugh the solar guys off my porch. I'd do it myself if I wanted them. Plus I have a 50 year bar tile roof and nobody including myself is ever going to put holes in it.
@theboss70202 жыл бұрын
Hopefully it goes well for her. I bought a home with solar panels that were fully paid off by the previous owner. I believe he paid about 30-40k for them lol.
@cutehumor2 жыл бұрын
Say it with me folks. "broke as a joke". 🤣😁🤪😂
@tamarakuhn16342 жыл бұрын
They helped her realize she and her husband are not really broke because they own their home and can always sell it if they can’t or won’t do what it takes to increase their take home pay. Ramsey also referenced Ken Coleman’s book “From Paycheck to Purpose” to help them increase their earnings. And, of course Ramsey Plus to help them create a budget, stop spending on “wants,” and begin telling their money what to do instead of handing it off to others. Once you are worth a million dollars, you can do things like buy a new car
@mikehurt32902 жыл бұрын
I have a friend who sells solar panels he said it's so easy, they don't require a down payment and push the tax benefits, he says that they practically sell themselves and that one of his smaller deals was like 46k
@bik3r2302 жыл бұрын
And this is supposed to prove anything
@GoRun19822 жыл бұрын
@@bik3r230 Yeah it proves they're a ripoff
@02DodgeViper2 ай бұрын
@@bik3r230proves it’s not about solar panels, it’s about selling loans to people
@dougdraper48923 ай бұрын
So many poeple are scared of starting a budget, that it's restrictive, or when the first go-round isn't perfect that it's not worth it. Here, Dave says perfectly that a budget is a source of power over your own life.
@AaBbCcDdEeF2 жыл бұрын
Although it’s very true that the caller and family made some bad financial decisions, but the caller comes across as someone who is sincerely trying to do something to course-correct and willing to listen to advice. Need to both work and up the income.
@dcg5902 жыл бұрын
Then why won’t she get a job?
@Jane57202 жыл бұрын
Hey 36 years old and they are super smart you know what she really needs to do is to need to accept the fact that she needs to go back to work outside the home
@alishadeyoe55364 ай бұрын
Sometimes it’s more expensive for daycare then she could earn outside of the home especially if it’s only minimum wage. She should open a daycare and take kids in if she wants to be a stay at home mom. Win/win, make money while raising your child at home!
@TheForexApostle2 жыл бұрын
Great content as always, thumbs up to this channel.
@slf5141 Жыл бұрын
If you dont have cash for it dont pay for it !
@lucybell14872 жыл бұрын
Keep on keeping on the budget....this brings HOPE
@cutandgo2 жыл бұрын
They have an income problem. 3k a month is not enough if you have 45k in debt. She has to go out and work!
@leaundraeshepherd91702 жыл бұрын
Why would you sell your house when it is going to cost you more to rent an apartment in a few years than your current mortgage?
@bik3r2302 жыл бұрын
You didn't listen he said if all else fails sell the house
@bobs1822 жыл бұрын
@@bik3r230 Leaundrae did listen and is just giving the reasons for agreeing with him.
@jbar_852 жыл бұрын
Suzy Orman years ago used to have a show they would have a segment called can I afford it? People would be wise to ask themself if it’s a need or a want.
@thullraven12 жыл бұрын
If I was them, I would sell the $300k house, pay off the $45k debt with the proceeds and buy a $230-$250k townhome or condo and get a clean slate.
@king-nick20232 жыл бұрын
Instead they need a 3 bedroom mobile home
@thullraven12 жыл бұрын
@@king-nick2023 Even Mobile Homes are going up in price and unless they also own the land, they have to pay rent on the space which can be nearly as high as a mortgage in some places. Better off getting the condo or townhome. The HOA is substantially lower and will include exterior maintenance in most cases.
@king-nick20232 жыл бұрын
@@thullraven1 that all depends… some places offer rent control.. also if you do what’s called a “co op” if I’m correct.. that’s where people come together and buy the land to split.. no rent just property taxes
@thullraven12 жыл бұрын
@@king-nick2023 That's true Bro, but there aren't many of those areas compared to what I described. I was in a similar situation. I sold my house and bought a townhome outright. No mortgage, no car payment. No debt of any kind. All my debt went bye bye. I have a beautiful yard and pool area that I DON'T have to maintain and I'm right near the park with bike and jogging trails. They can do what I did and get a fresh start.
@king-nick20232 жыл бұрын
@@thullraven1 I’m not saying your wrong.. I’m saying that their is more than one option available… yours is just one.. there are people with paid off mobile homes and have the same life style.. everyone’s needs are different
@jacksingh4033 Жыл бұрын
I like this man only been listening for couple of weeks great advice we don't know where are monies goes too be honest not me personally but people manage there debts etc
@Kushert2 жыл бұрын
It's funny how people need to be told something that's obvious and surely they already know
@alinatamashevich33542 жыл бұрын
Many bankruptcy attorneys are very grateful too
@_Y.Not_15 күн бұрын
She agrees with everything Dave says but will absolutely do very little of what he suggests
@t.o.56232 жыл бұрын
I've always wondered..is it better to do what you love and make less? Or do what you dont particularly enjoy but it makes you more money?
@katemiller78742 жыл бұрын
Ahh great question. It depends what is more important to you. Money or happiness
@glow18152 жыл бұрын
I rather love what i do and make less. Unfortunately I make more on what I do but I'm not happy. But the money i make does help us saves. Savings is important to us since were not in our 30's anymore.
@momof2momof2 Жыл бұрын
Solar panels Ha! I knew a woman who took out a loan to get them. I asked her how this would save her money. She went silent.
@Bradimoose2 жыл бұрын
These solar panel guys are tough I can see how people give in. I've talked to them and they have a response for every objection you can think of.
@ginaarambula46332 жыл бұрын
I always tell the sales person "My husband is an Architect and feels they are not up to his standards yet" Which is true.
@themusiccorner99392 жыл бұрын
I just tell them that I don't own the house, I rent.
@ginaarambula46332 жыл бұрын
@@themusiccorner9939 even better!!
@bettysmith45272 жыл бұрын
When I see them in the store and they bother me, I lie just say "I own a condo" it shuts down all of those people immediately!!
@TheGearShiftGurus2 жыл бұрын
Of course they do, solar is a no brainer. The only things standing in between solar panels and homeowners are politics and stubborn people who don’t want change and have no understanding of finances.
@optomix39888 ай бұрын
Getting on a plan and sticking to it is so important. You have to make tough choices and sacrifice, but when you finally pay off all the debt you feel so much different about life. Honestly, try it. I will never go back into debt.
@nicholegallo10902 жыл бұрын
3100 a month? My dad makes 2500 a month and he LIVES WITHIN his means and is fine except he doesn’t have debt other then maybe taxes. Also it’s cheaper to renovate your own home then to pay someone else.
@devo68672 жыл бұрын
He didn’t buy Solar panels he can’t afford. Smart man
@learenng12672 жыл бұрын
It's not about how much you make. It's all about how much you spend.
@donaldlyons172 жыл бұрын
@@learenng1267 No how much you make matters. The catch is how much you spend vs. make vs. whatever else you do.
@TS-rd7oy2 жыл бұрын
THAN not then. Why don't young people know this simple grammar rule taught in the 4th grade?
@Yugiboii2 жыл бұрын
@@TS-rd7oy it was autocorrect that did it
@kayn27562 жыл бұрын
These people cannot afford to sell the home especially with the current home and apartment prices. They should consider renting out a room or their basement for extra cash. She needs to deliver pizzas or driving UBER/lyft in the evening when hubby is home and on the weekends.