You Are in Control of Your Own Future | October 22, 2024

[@DiaNile]

My now husband and I bought a house from my parents while we were engaged. He moved In Rent free then after the wedding, I moved in. The house was in my name but when we made our trust, we changed the deed to the trust and we were both on it.

[@mariannetobin2146]

The first Dad caller about the daughter and fiancee buying the house...EXACTLY! I had family who chose to do this and stuff went wrong with the property so now they don't feel they can afford the wedding! We cautioned them about rushing to buy a house and now they are feeling the consequences.

[@gladyramos-adams5342]

Love these two level headed ladies.

[@christabellecarpenter2354]

Bring back the whole show on youtube

[@jimroscovius]

I'm watching it on KZbin now.

[@christabellecarpenter2354]

@@jimroscovius it used to be 2 hrs on youtube

[@lyndahammel9502]

We always brought houses based on my husband's income. That gave me the option to be a stay at home mom. Money was often tight but the basic expenses were covered by my husband's income.

[@bettedavis9261]

This! That's what we did. I don't understand why more people don't do that. Oh, wait...they want a bigger house right away.

[@Kris8119]

Praying for Keon! What a nice man

[@cmesaywhatwhaaat6146]

Yay! My favorite hosts! Thanks for the great advice.

[@HolyFamilyHomesteadWV]

You’ve got me convinced to cancel our whole life policies!! For our kids, this is something I’ve been thinking about too. Our local funeral home offers free services for kids. And once my kids are grown, I can get term policies to cover for emergencies. What I don’t 100% understand are the ROIs on term policies. At the end of the term, what is the cash value and how does that work?

[@maxine2564]

There is none!

[@HolyFamilyHomesteadWV]

@@maxine2564 feels kind of pointless either way then TBH. I feel like we’re set up enough that if the worst happened, me and the kids would still be okay.

[@TulsaDude]

Whole life is pointless

[@mathehack1]

There is no cash value at the end of the term life policies. If you want to set up an investment account for your kids just open up another brokerage account and then gift it to them when they are adults. Or there are custodial account options and college savings plans. All of these options will net you a way higher return than a life insurance policy. Term life insurance is really cheap and it is what it says it is, insurance. At the end of the term it just drops off and they're typically 30 year terms.

[@williamehlers5158]

Jade looks like a completely different person with that hair.

[@lifeintheshort9168]

Thought the same thing. I almost didn't recognize her.

[@NurseK-eu9fu]

Why cant a home school mom take a "second actual paying job" after husband home from work when school is over? Or on the weekends? Always telling other full time workers to get a second job....

[@TulsaDude]

They missed on that one. Miss ol Dave

[@Allalownez]

Yeah Qion... thats right, taking that action. You being the change brother. Changing that cycle brother..✊🏼✊🏼✊🏼✊🏼

[@daisyfabian]

This is why I haven’t remodeled my house, I’m scared of myself and the damage I could make with all the beautiful things I see and how I would like my house to look like, I’ll just wait to pay it off 😅😅 😬😬

[@MatthewFloydMarston]

Military 🪖 🎖 Law Provost Law: 0-65+ off base.. 15-35+ on base

[@jerzsubbie]

Borrow from 401k rather than take out a small mortgage?? No way. I can understand the emotions of not having another mortgage after you already paid off your current house, but it doesn't make much sense. They'll also probably run into the issue of many mortgage companies having a minimum of $50-100k for a mortgage, so they'll end up borrowing more than they need, but there's rarely a penalty for paying it off early, so take out the min, make an extra principal payment with the excess in month 1, and pay it off quickly.

[@2dodger2]

Their house payment is only 1600 a month. Where are 4 people going to live that is cheaper? They should never sell the house

[@raygarasich6152]

Moral of the story is make a high income

[@TulsaDude]

Or leave beneath your means, but yeah that helps lol

[@Blittsplitt5]

Step 1a. Cut unnecessary expenses Step 1b. Get a higher income so you can save and invest more

[@yourfavnurseb9699]

This is why you should get a house based on just one person’s income, so much can happen.

[@rogerdorsey7823]

DON'T INDULGE IN FANTACY.

[@Ikojoben]

Jade is just radiating beauty here and there. This is the essence of being a millionaire to me.

[@isidorolopez265]

No worries disrespect at all but that wig looks absolutely terrible. It fits terribly. She should’ve maybe picked a different one. Oh well.

[@UndeservingandyetSaved]

Jade could definitely benefit from more humility. It would make her more attractive and easy to listen to.

[@TulsaDude]

Plenty of ugly millionaires

[@striperkid]

Elizabeth from MI, why go through all of that schooling just to be a SAHM ? I can never understand that philosophy.

[@yourfavnurseb9699]

I was thinking the same thing, esp going back to school and paying out of pocket for all of that. Maybe she plans on going back once they are school age

[@BriEly3]

Yeah I’m so confused why she wants to stay home now when she isn’t a mom and she has great potential to make some money to pay off that house and be 100% off by maybe 3 years!

[@michellemcmillan6149]

If you had no home, a storage FULL of belongings, no job but are fully capable, you must move out of storage by Oct. 31st and $3,000 what would you do? To rent you must make 3x the cost of rent. You have to have had a job a specific amount of time. You need to pay for a moving truck if you keep belongings. You need help to load and unload. This is the result of leaving your job to go live with and care for a loved one who has now passed away. Had no final arrangements, no life, no savings.

[@YellowStarrx3]

Get rid of the things. They can be replaced. Keep what you need and pictures etc Find someone in your area renting a room. Rebuild

[@Yolodiane]

As a former stay home mother You as a wife would loose your 401k … It can be stressful…Do it for a short amount of time

[@rogerdorsey7823]

YOU MUST SPEND ON REPAIRS TO PROTECT EQUITY.

[@PMFinance1122]

Elizabeth u don’t have to completely stop investing u could numb down the investment from $15% to 10% to give u some more margin to put towards paying off ur house then back to 15% when ur or ur husbands income increases or when the house is paid off whichever happens first

[@Joce123]

When the college kids get married there will still be housing available to rent or purchase... It's not like there will be nothing to live in the day that they get married if they don't buy it now.

[@AndreaAllen-v6y]

Chris, if they buy a house together before marriage if one of them dies the house is co owned with the beneficiary or next of kin.

[@olivias2836]

Not if both parties are on the deed of the house and each person has a will specifying the other will inherit the house upon their death

[@rachelharrison7961]

@@olivias2836You can also have the deed prepared so that each owner has the right of survivorship. So instead of going to your estate (probably your parents for unmarried folks), when you die it automatically goes to the other owner. No will required.

[@Joce123]

​@olivias2836 That is only true in a state like Louisiana unless there is a will that gives it to the surviving spouse... They should each have an LLC and this should be a partnership.

[@andreeaameliaganu5876]

I think maybe he could tell them that they need to rent at least one year (even If they married ) to know better what they want from their house. Because moving togheter is not the same to sleep overs and even for single person îs good to be one year rent to see what do You really want from your home

[@olivias2836]

@@rachelharrison7961 yes this is what my husband and I did when we bought our house as an engaged couple

[@monicadhenderson8670]

JADE!!!!! I love ❤️ your hair🥰🥰🥰

[@bettedavis9261]

6:00 Rachel and Jade unfortunately didn't mention what would happen if one of the unmarried couple got beertrucked. The surviving person would then own the house with the deceased person's parents. To me, that would speak the most sense to this young couple. I also don't understand why they think they have to BUY a house. They could more easily RENT someplace instead. It didn't sound like this dad presented that as an option.

[@TulsaDude]

Yeah they certainly don't have to buy. And Beertrucked is a new one to me, haha

[@DavidKnicks]

Jade is my favorite on this show. Smart and beautiful!!!

[@Nursemidratz]

50% of take home pay on a mortgage!? No wonder the housing market is the way it is!

[@TulsaDude]

It will break by the next generation

[@cookingatcurrahee]

For an engineer lol isn’t that crazy

[@larrybarbee4916]

Decent advice from Rachel and Jade , but it sounds like when it comes to the baby steps, it can be situational and applicable to some ppl but not all. If you have a house, then I would think you would need a high emergency fund. If you rent, then a 1000 dollar emergency fund might be sufficient. It’s not once size fits all.

[@mike112079]

The $1000 applies to everyone. It’s not suppose to cover everything ( no amount will). That’s why you get out of debt asap and bump it to 3-6 months of expenses.

[@DericAnslum]

...that just means you did things wrong from the beginning...

[@TulsaDude]

Well of course, we all start in different places. In a perfect world, steps 1, 2, and 3 are taken care of during your teenage years, with support from your family. But the world is broken and broke so it doesn't always work like that and we don't all have a Papa Dave

[@MaskedStinger]

Caller household makes 180k and scared to pay off 17k car? Princess doesn’t want to stop eating out and going on monthly trips

[@TulsaDude]

Yeah that was stupid.

[@JasmineBreanna21]

My favorite duo. Love the new look on Jade!

[@jimroscovius]

Then don't stop working. My wife and I both worked with kids. Don't be lazy.

[@striperkid]

$325 for a 2/BR 1/BA house?...oh my !

[@pandafox12]

I feel so bad for that house flipper who had no idea what she was doing

[@jimroscovius]

It's not that hard. You rent. DUH!!

[@mathehack1]

That first caller, where the heck are two 20 year olds going to get the money to buy a house? Average house in Raleigh NC is 400k +. Unless her Fiance is loaded and going to buy the house in cash or is making 100k plus a year. She has no idea what she's even talking about. If he is loaded then he can just buy the house on his own then add her to the deed after they get married. Which also has it's own set of issues if they divorce because you split 50/50 of what you accumulate after you're married. That caller has bigger issues with why on earth is his daughter living in a fantasy reality and does she know the value of a dollar. It's easy to think you're gonna make bank fresh out of college but that's often not the case. Buying a house too soon is nothing but a boat anchor.

[@amyraymond5279]

Is it not just handled in community in property if they live together for a period of time

[@badlands9100]

I miss my long hair like Jadez, I had natural hair down to my waist, 2 months ago, my friend and I played with my hair, and I let her cut off all my hair. I love it short as well. Don't miss it, as my hair grows super fast and I have been blessed with thick hair!

[@mirabella2154]

It's obviously a wig.

[@isidorolopez265]

Realize that she’s wearing a wig that’s not real hair

[@isidorolopez265]

Obvious, thank you quite obvious

[@badlands9100]

doesn't matter just sharing - Jade is still beautiful.

[@badlands9100]

still beautiful no matter that it's a wig!

[@jimroscovius]

I would love to go on the Ramsey cruise, but we're going on our 6th cruise in September, and we only do Royal Caribbean.

[@stephenedwards9341]

Ohh jeez. First world problems 🙄

[@Joce123]

Doing babystep 3 before babystep 2 when you live in a high cost area is critically important ... It might be different because this couple earns a $180000 a year but for most people who live in a high cost area paying off $5000 worth of credit card debt only gets you about a $100 in your budget.... Living in a high cost of living place means that when they raise utilities by 7% that's actually quite a bit... When they say inflation is only going to be 4%. The truth is that equates to anywhere from 20% to 100% inflation in the grocery store or for home repairs. Jade is AGAIN uninformed.. She just doesn't get it or she is just saying what she needs to say to keep her job with Dave Ramsey.

[@svetlanadreher7190]

For any debt except mortgage you are likely paying 10 to 30% interest and loosing a lot of money. The faster you pay it off the more money you’ll keep for yourself. And yes, I live in a high cost living area

[@Joce123]

I think it's time to stop leaning and grandparents and friends while you try to become financially well off.... Time to pay for your own childcare.

[@TulsaDude]

It's circumstantial, don't be a dufus

[@markozD10S1]

What a fantastic duo, jade saying whatever stupid thing comes to her mind first and Rachel stuttering her way in, love it

[@williamehlers5158]

Is this a compliment? I’m confused. 🤣

[@debbiehall1806]

What's stupid is someone commenting its stupid and continues to watch.

[@mikejorgensen6458]

Definitely not a fan of Jade !

[@bettedavis9261]

​@@williamehlers5158I don't think his sarcasm font was working.

[@JadeJoystick]

Why even take the time to comment?

[@badlands9100]

Omg! Racheal your haircut is soooo etiquette! Super effortless!

[@Joce123]

Rachel's hair looks like it is kinked from being in a pony tail

[@bettedavis9261]

Her hair is good manners? That's what etiquette means.

[@Joce123]

They need to pay down the $350,000 mortgage down to $175,000 It's a dream to find 5%. financing on a mortgage right now They might even have to pay the house down an extra $1000 every month ..so every single extra nickel beyond 15% of their income should pay down their mortgage in the form of a recast...a recast is better than a refinance because it only costs $250 compared to thousands on a refinance.

[@Joce123]

Could they buy a house together as a partnership with the each of them having an LLC?

[@Joce123]

For the guy whose wife works at the veterinary place the money she makes equals the amount that the garnishment equals so they should be OK.

[@yourfavnurseb9699]

But before that they couldn’t afford their lifestyles that’s why he got the other loans.

[@Supra419]

17:25 Sounds like she wants to pay the house down and remortgage the house so it’s only 25% of the husbands income, they will be paying for that house forever if they do that, I wouldn’t do it! Pay it down and get your income up!

[@TulsaDude]

Yeah, she wants what she wants and is trying to justify it. It's very risky and could break them or at least give them stress for years. Don't do it

[@2dodger2]

How much is his car worth?

[@Tiv_Love_Cars]

Let's have a fun conversation: I actually have multiple parts to my question, but I want to do this as a fun conversation. And in no way does my question give you what I really believe. Starting question: Why is baby-step 3 necessary if I have already completed baby-step 2 and have a job that will pay for any emergency that may come up?

[@bettedavis9261]

What if you lose that great job and have trouble finding a new one?

[@Tiv_Love_Cars]

​@bettedavis9261 Thank you for this. If I'm able to figure it out in Baby-step 1 if I lose that great job, why can't I figure it in Baby-step 3?

[@bettedavis9261]

@@Tiv_Love_Cars well, you do you, sweetie.❤️❤️ I'm glad you have it all figured out and you never have an emergency over 1k.

[@Tiv_Love_Cars]

​@@bettedavis9261Lol... I think you missed my point because you jumped to a conclusion. I thought you were genuinely interested in having a conversation...lol. Anyway, here's what I was trying to say. That's how I would ask Dave the question if I ever called and actually got through. My take is this: I don't think $1,000 is enough for an emergency fund, especially if a real emergency comes up. I understand they say it's just a starting point, but that assumes no major emergencies occur. If you're in debt, you're already in a tough spot, so you definitely need more than $1,000. And if you need it when you're not in debt, then you definitely need it even more when you are.

[@Tiv_Love_Cars]

​@@bettedavis9261Hope you got my point, because it seems we both believe the same thing. Either way, thanks for engaging. 🤝

[@Akaypot]

love these two but i think jade needs to add a new hairdresser to her budget :///

[@jsears541]

I think she looks beautiful!

[@Joce123]

With all those garnishments and collections hes not going to get a personal loan for him to sell a car and then have something else to drive!!!!!.. It would. Free? Up. $500 a month however what is he gonna drive?

[@Joce123]

A lot of people in Minnesota do not even have funerals In fact. It is such a thing that funeral homes are now advertising on the radio trying to get people to have a funeral. You can even will your body to the hospital for medical research and then that does not cost to anything when you die... If you really want to have a funeral you can order a casket from Walmart overnighted for $900... Do not let your family be ripped off in the funeral industry..put that in your will.. Make your wishes no one now in any annual conversation about money and family.

[@CherylMadsen]

I was thinking the same thing. No one is going to give George a loan.

[@UndeservingandyetSaved]

Jade sometimes impresses but usually doesn’t. She often comes across as a know it all and interrupts and is annoying. Ramsey, please listen! When listeners get distracted by the host’s manner, please have the heart to tell them. She’s not getting better but worse. I’m about done listening to episodes with Jade on them.

[@nectarlifefitness7551]

I enjoy her on the show

[@MONI-bj1ms]

He does not read the comments

[@moonstone188]

I agree she doesn't let anyone else talk. Pure rude. I try not to watch when she is on but lately its been a lot. I wish they would talk to her.

[@stevesanders6248]

Jade looking fine !

[@TulsaDude]

K weirdo

[@K717MOS]

Jade is so damn fine 😍😍😍😍😍

[@TulsaDude]

K

[@AlienLeadership]

AVP 👽 ... cool / I don't think he's showing up 😕/ right my...groom was at the alter /smelling like lilac oil 🪔/ nevermind / but why stall /

[@jonquis07]

I know this is controversial, but i honestly would have a hard time marrying a young woman today without living with her for a year, at least first. Not saying their points about assets and easy splits aren't real, and i get the values argument, but the marriage risk seems too high with a real thorough vetting period.

[@MarnaCOG7]

What about the statistics that Dave has given that the divorce rate is higher for spouses who have lived together first?

[@Joce123]

I would have a hard time living with a young man who isn't even 25 years old yet. Statistically the male brain doesn't mature until age 25.. I think they both should have an LLC If they want to buy a place, buy it as a partnership... CAN'T BELIEVE THAT YOU WANT TO MAKE THIS A "young woman" issue..

[@jonquis07]

@Joce123 yeah I was speaking on buying anything together. I was speaking on living together before marriage. Also statistically no one's brains mature before 25.

[@J89Mike]

I’m sorry but this show is going to fail once Dave retires.

[@amireallythatgrumpy6508]

You sound like the people who in 1993 said the show would never last.

[@J89Mike]

@@amireallythatgrumpy6508not really, considering Dave wasn’t near retirement age. Good try, though.

[@amireallythatgrumpy6508]

@@J89Mike Tell me you're not particularly intelligent without telling me you're not particularly intelligent.

[@J89Mike]

@@amireallythatgrumpy6508sounds good. I inspire to be just like you. Even the KZbin username. You must be God’s gift to everybody with your presence.

[@J89Mike]

@@amireallythatgrumpy6508but if you commented about what some people said in 1993 regarding Dave’s show, sounds like it’s past your bed time gramps. I’d love to continue the discussion but you aren’t worth my time. If you are really that grumpy, enjoy sleeping and waking up with that grumpy mindset.

[@AdemJemal-j3s]

Yy

[@Sj-_3]

80% of all the advice given is common sense

[@amireallythatgrumpy6508]

Shows how dumb the average American is. There is no such thing as common sense in that country.

[@stevencook3031]

Common sense would appear to be rare today and in short supply for many people.

[@Hankjones1]

I can't wait to vote for Kamala Harris so I could cancel Dave's vote😂

[@davidcamajab312]

😂 well, at least you're voting. We still love you 😊

[@Clay_333]

You are going to have to cancel many more than just his.

[@deb9806]

I'll help too!

[@Hankjones1]

@@Clay_333 2 more

[@neet4real]

Don't be so sure Dave is not voting for Mrs Harris

[@shark11175]

TRUMP 24

[@TulsaDude]

Explain?

[@robertpalos564]

The black co host (I forgot her name) always has a negative pre conceived notion for men

[@svetlanadreher7190]

Comes from a man who’s criticizing someone without even bothering to learn their name…

[@AC-qk9tk]

I love you guys, but, in my opinon, the advice given to caller Haley @ 57:48 was only half correct. True, at 21 she should cash out her "whole life" policy and not get term life until someone is relying in her income, however she should have been advised to get a "burial expenses only" policy which is a lot cheaper and more tailor made fr her situation, the advice they gave"don't worry momma and daddy will take care of your funeral" is first off assumptive and may not even be true(considering they are so cheap they won't even let her keep her $750 cash out), second off even if it were true now it is not long term sustainable, eventually mom and dad will not be arround and someone will need to foot the bill.

[@republicunited2183]

Dave on Tucker Carlson show - awesome.