I'm $96,000 In Car Debt! (Not Comfortable With A $1,000 Emergency Fund)

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Комментарии : 548

@TheIronChainMaster Год назад

Caller: I'm not comfortable with a $1000 emergency fund Me: You're comfortable with 96K in car loans tho

@ovrjoyd4u2 Год назад

I had the same thought. What kind of car has a $72K loan on it? He lives high on the hog. Pay off the $24 K loan and then sock $10K on the other. Reduce emergency fund to $8K and then go intense on paying off the other one. Not really rocket science more mind over money.

@jml9550 Год назад

@@ovrjoyd4u2 a Tesla Model S is a $110K car out the door. $72K loan is not out of line. But buying that car when he can buy something like a $35K Honda in cash, is out of line.

@adamseidel9780 Год назад

Nothing out of line about it at all. It even follows Dave’s rule. The value of both is less than half his income. If he bought it in cash, Dave would tell him he can afford it if he wants it. You may not be able to afford it or you may not choose to spend that much, but he can afford it.

@jml9550 Год назад

@@adamseidel9780 not saying the $72k car is out of Line. Just saying taking out a loan for a car, especially with that income is financially not smart. Personally I always buy cars in cash in the $45-55K range. If I can’t afford in cash. I can’t afford it.

@adamseidel9780 Год назад

@@jml9550 if it’s a little dealer interest rate, meh

@MrOfficer235 Год назад

He should pay off the $20k car, sell the $70k car and purchase a second vehicle in cash.

@jml9550 Год назад

If he thinks rationally before he bought that car he wouldn’t be in such a pickle.

@annaelisavettavonnedozza9607 Год назад

Yeah but then he wouldn’t have a shiny luxury car

@shahzebnasir4692 Год назад

It's incredible how much better off people would be financially if they didn't have low self esteem which forces you to buy expensive things to show them off to people who couldn't care less about you. Future parents, please raise kids with healthy, strong self esteems by constantly reiterating how great they are and also instill discipline in them from an early age.

@raymondcunanan1135 Год назад

Great message! So true

@percivalgooglyeyes6178 Год назад

I thought that was the purpose of "everybody gets a trophy" just for showing up?

@shahzebnasir4692 Год назад

@@percivalgooglyeyes6178 No that makes you content with being average. Kids need to learn the pain of losing to want to succeed so bad but attaching your idea of self worth to what you achieve is also wrong. That's why people feel the need to get fancy cars because they feel if they have a fancy car they now deserve appreciation and respect. We all deserve respect, love and care no matter who we are - it should not be tied to material earnings but rather your character.

@phatbetbruh Год назад

@shahzebnasir4692 tell your kids you love them and teach them to do great things. Don't tell them how great they are if they haven't done great things. Terminology is important; words carry meaning and it's important we convey the right things at the right times.

@shahzebnasir4692 Год назад

@@phatbetbruh Absolutely!

@lisawright9626 Год назад

He makes 210k and worries about his dishwasher and fence tearing up! Man you can cash flow those repairs!

@linuxsurfer2002 Год назад

For real, like eat in more often for a few weeks, skip starbucks, etc.

@rhsc2670 Год назад

96k car debt and living in San Jose, the most expensive area in America next to NYC. 210k does not go very far with 96k in car debt in that area.

@Dave-tz9zx Год назад

You are wright!

@LittleMopeHead Год назад

@@Dave-tz9zx Get out! 😁

@wittyusername9544 Год назад

His dishwasher is the stay at home wife. he doesn’t need another one.

@Curtis69213 Год назад

This guy is looking for every excuse to not knock out one of those car payments

@clarebear9263 Год назад

I watch these videos to feel better about myself 😂

@biolife3274 Год назад

🤣🤣🤣 me too, but it's still great advice

@clarebear9263 Год назад

@@biolife3274 yea great advice

@Primitive_Code Год назад

Why? He probably makes 10x more than you.

@kannonpatterson Год назад

@@Primitive_Code you can be a millionaire but be broke and on the verge of bankruptcy. Happens all the time

@Odesskiy100 Год назад

I was watching these videos to stay motivated while paying off my debt. Now I watch to feel better about myself and stay away from getting into debt again

@knightfox4121 Год назад

It always baffles me how someone intelligent enough to make over 200k a year is this financially illiterate.

@MelsDiner115 Год назад

This is what they call "educated derelicts". More common than you think.

@camxdidxthat Год назад

Making money and keeping/growing money are two different skills.

@wesdaaawg Год назад

They just want validation.

@adamseidel9780 Год назад

Financially illiterate? He has a nice car that he can afford. More than I’d spend, but he can absolutely afford it. Plenty of savings and emergency fund. No problem at all.

@alqoshgirl Год назад

Crazy to me too! You make this much and can’t take care of normal things.

@bestbudsourchannel4807 Год назад

He is SO not doing this

@krobdawg Год назад

Bruh you make 210K/year...come on man

@fabbz94 Год назад

He does live in California. And on top of that the most expensive county in California. After taxes and living expenses it can go quick.

@Dan16673 Год назад

@@fabbz94 yeah that's barely middle

@WeBeatMedicare6969 Год назад

@@Dan16673 lol

@reese85 Год назад

@@fabbz94 I tell ppl all the time! These incomes are not what ppl think!

@shumatsuopost Год назад

It's always a very good idea to pay off your debt asap.

@stephpiley Год назад

💰

@perotal Год назад

If you don't want to only have 1000 dollars then keep more than 1000. Next

@mle011 Год назад

How is a dishwasher breaking an “emergency”? Can you not hand wash dishes until you’re able to buy a new dishwasher, or fix the one you have?

@ricksanchezsflask8794 Год назад

How could you even suggest a practice so barbaric? Are you going to suggest washing clothes by hand if the washer goes out? This is America!

@slyfoxx2973 Год назад

1000 dollars scares you more than 90K in car debt?

@linuxsurfer2002 Год назад

That's the problem, the debt mentality - "Everyone's doing it"

@marcuswashington461 Год назад

Great point!!!!

@ramenandgyoza702 Год назад

Listening to these videos makes me appreciate our paid off cars -'16 camry and '14 crv probably only worth 22k combined 😅 they aint fancy but get the job done 🤷‍♂️

@rockymountainfacet5958 Год назад

Id say after all these years they should recommend at least $2000 emergency fund. Its not the same as it was in the 90s. Most problems cost more than $1000 now days.

@JW-vl5or Год назад

10k, people need to sacrifice

@willtacoma2ndgen661 Год назад

5k should be your emergency fund not 1k dollars.

@zzzarkka Год назад

Like she said. It’s temporary.

@dr_pinna543 Год назад

Did you even listen to the video?

@rockymountainfacet5958 Год назад

@dr_pinna i listen to everything Dave Ramsey and did listen to the video. Im debt free and follow his plan to a T. Im just saying. Things just cost more now days. Im free to have an opinion.

@kstar1956 Год назад

This fool makes 210k a year, 42k in savings and he doesn’t know how to get out of debt!🙄

@linuxsurfer2002 Год назад

I agree, but then again, this is why Dave has such a successful program, the need is great. I think either Jade or George said that over 50% of Americans cannot afford a $1000 emergency.

@alinatamashevich3354 Год назад

@@linuxsurfer2002 It is more like 400 bucks...cash!

@la9863 Год назад

Hey @kstar how much is a good amount to have in savings? Genuine question. Trying to learn here.

@alinatamashevich3354 Год назад

@@la9863 As much as you can muster.

@k.beeotch Год назад

Do you have any other debt? No. And I have a mortgage I have to pay. 🤦🏻‍♀️

@unfairsanic5089 Год назад

Lolz there is always a laundryshop neaby just to wash your clothes until you buy another washing machine 😂 🤦🏾‍♂️

@beckymigdal3140 Год назад

The hosts are forgetting that the caller lives in CA where taxes are sky high as well as cost of living.

@candy2325 Год назад

George did point that out in the video about California’s taxes eating up his money

@LG-zy9dp Год назад

Why didn’t they tell him to sell the cars and get $10k vehicles? They want him to wipe out his savings to pay for a car! Ridiculous Where is Mr. Ramsey?

@amireallythatgrumpy6508 Год назад

If he sells the vehicles, they are going to receive this thing called money. You may have heard of it.

@Argedis Год назад

Yeah I'm surprised they didn't even mention selling that $72k vehicle. At least Dave also asked what kind of vehicle they are wasting that money on. I bet it's a brand new Truck or Tesla

@georgeslupski5987 6 месяцев назад

True

@jimroscovius Год назад

Waaah waaah waaah, blah, blah, blah. You either love debt or want to get out of it. Grow up and pay it off!!

@foundationsbaseball Год назад

You know what they did before dishwashers were a thing? Washed by hand with soap and water. There’s a reason that Dawn still airs commercials

@ther1ny Год назад

😂

@susanedghill609 Год назад

agreed....and apparently there is only the two of them ......

@susanedghill609 Год назад

....maybe they entertain a lot......

@ricksanchezsflask8794 Год назад

Dawn is for cleaning ducks, not dishes.

@angelmyers869 Год назад

I wouldn't drop down to $1000 in this situation. I would pay off the $24k car and double up on the $72k payment.

@JosiahK555 Год назад

one of these days with inflation as high as it is, there will have to be an admission that 1K is not enough, 1K will be like having 100 in the bank, or nearly zero. i'm interested to know when that day will be. will it be when the minimum wage hits 1,000 an hour? 😂

@MichaelAnderson-wk1no Год назад

I've thought about that, too. I see the argument now that it doesn't need to be changed, but what about another 50 years from now? I'm sure the day will come.

@phatbetbruh Год назад

"The baby steps work for everybody". Yep!

@unfairsanic5089 Год назад

Lolz it works for me, i follow the steps rn im debt free

@Pepsiaddicto Год назад

If your goal is getting out of debt, but despite what Dave Ramsey says, that's not always the best option for your financial situation.

@phatbetbruh Год назад

@@Pepsiaddicto Lol, okay.

@alinatamashevich3354 Год назад

@@Pepsiaddicto Why try and reinvent the wheel?

@smithersrob Год назад

A damaged fence or a dishwasher going out is not an emergency, with a $200,000+ income save up for the repairs/replacement and hand wash the dishes for a few weeks

@Forestdawg1791 Год назад

Y’all didn’t pick up that he’s making $200k in San Jose. He likely has a $2m mortgage he failed to mention. For comparison if someone called you up making $100k in Ohio with that sort of car debt you would tell them to sell tomorrow.

@Elizabeth-yg2mg Год назад

He said his mortgage was 3k per month and they said that was fine. It was toward the end of the call.

@DioDiablo702 Год назад

If you watch the full video you would have actually got to the point where they did acknowledge that he lives in California and asked how much he takes home after mortgage is paid.

@pattyhab596 Год назад

It's not just the mortgage, but property taxes in San Jose our outrages too. My house is paid off, but we still have to pay 10k per year on property taxes...and they keep going up every year.

@Nintendogamer757 Год назад

72k on one car is wild, they can still knock this stuff out the park no matter what they do though. I’d pay off the smaller car debt, keep the rest in savings

@of6024 Год назад

That’s pure stupidity from this guy….he sells his car and buy (cash) a used and good car Nader 10k…

@byrdmania4895 Год назад

If having only a $1000 emergency fund is scary....put aside $5000.

@alinatamashevich3354 Год назад

You do not understand how it works. The 1K is a STARTER EF, then one moves up.

@byrdmania4895 Год назад

@@alinatamashevich3354 Believe me, I'm aware how Dave's plan works. This guy makes a bundle of $ and is scared of only having a $1000 EF...he has the ability to sock away $5K. If not, he has deeper problems.

@deb9806 Год назад

@@byrdmania4895 The fact he called when living well in San Jose with little debt really makes me think he just wanted to hear his own voice.

@alinatamashevich3354 Год назад

@@byrdmania4895 Then you are aware, the 1K is only to start the EF. It is to keep small problems from growing into major F-ups.

@thesuperdingos Год назад

You can’t teach people who aren’t willing to learn

@linuxsurfer2002 Год назад

460k in debt paid off in 7.5 years??? Wow, way to go Jade and Sam!

@Dan16673 Год назад

That is impressive

@jml9550 Год назад

I paid of $328K mortgage in 25 months.

@tracygaluszynski1868 Год назад

She got repreations.

@WeBeatMedicare6969 Год назад

@@tracygaluszynski1868 lol

@elnoraabduqadir2297 Год назад

Why Jade and Sam had so much debt? Student loan?

@juantamez9442 Год назад

I kept $2K in my emergency fund because my anxiety gets the better of me lol everything else was business as usual. I was still able to pay off all my debt within a year

@Michael-4 Год назад

30 years ago when he came up with the 1000 it equates to 2k today.

@soullessginger2637 Год назад

I don’t understand why people call when they don’t want to listen to the advice

@angel-ij4xv Год назад

exactly they want to do things their way so stop calling in then

@ricksanchezsflask8794 Год назад

They want to hear that they can keep living their lavish lifestyle without making changes.

@derekhayter4879 Год назад

Lol. I bet if this guy earns half a million a year he's going to be even in heavier debt.

@Dan16673 Год назад

He is also in cali

@timozuna Год назад

If he is worried he can just put more aside this guy doesn't have much to worry about.

@kathryntubridypakenham2743 Год назад

I was just thinking that, he could keep 10k and still put so much to the debt

@Luv2Ski4500 Год назад

Exactly. Why is this so hard to figure out for some people? I didn't go to 1K when I was paying of debt I decided I'd rather have several thousand on hand. It may just take a bit longer to pay off the debt but do what makes you feel comfortable.

@AutomotiveAnatomy Год назад

The hosts fighting to take the lead and nobody bother to ask if the caller really needed a 70k plus car…

@pdizzle6366 Год назад

Me in my $598k sports car paid for in cash.. LOL

@bradycone Год назад

That's exactly what I thought. Why didn't they question him on why he has this car, and why he doesn't sell it?

@sharons5714 Год назад

I would be tempted to look into getting rid of the more expensive car and replacing it with something more affordable.

@tristanrodenhauser5267 Год назад

Half you income going to cars is crazy, who drives the Audi?

@joshw7415 Год назад

You cannot just assume that he could throw $10K/month at this, considering his take home pay is probably $13K/month.

@jml9550 Год назад

Yep. Property tax are probably $12K a year.

@drama-addictic6462 Год назад

Its always amazing the more money you make, the more the car has to cost equal to half or my entire income a year. But everyone’s got their own sense of priority.

@DonnieDarko727 Год назад

Lifestyle creep

@linuxsurfer2002 Год назад

So modify Dave's plan a bit - keep, say, $5k in savings, throw the rest of the debt and get gazelle intense! They should still be able to get out of debt (except the mortgage) within 9-12 months with his income.

@Brushedbymorgan Год назад

You make 220k a year and you don’t have enough income to handle to buy a dishwasher ? I make half that and if my dishwasher went I can cash flow it in less then a month. Your wife stays at home tell her to wash some dishes. They sound like they need a budget.

@deb9806 Год назад

He lives in San Jose

@Argedis Год назад

My house came with a dishwasher and I never used it for years

@brittanywelty566 Год назад

Neither repair he mentioned is an emergency 🙄

@MichaelAnderson-wk1no Год назад

I think the even more important point is that with his income, he can easily cash flow both with one paycheck. So the emergency fund amount is irrelevant in those scenarios.

@droid2D2C3P0 Год назад

Yeah wash dishes by hand, millions of people do it every day already lol my parents lost part of their fence in a storm over Christmas, my dad just propped the boards back up with other wood and tied zip ties around the top to hold it in place until the summer when he can fix it himself. They have plenty of money and could get it fixed now but it's not an emergency lol we even have a dog, not a big deal

@rory644 Год назад

He’s only one lay off away from being bankrupt though

@ericstewart517 Год назад

Most are....even with a 6 month emergency fund.....if one is laid-off Their laid-off.....so your comment is mute

@jasonharris765 Год назад

A dishwasher and a fence isn’t an emergency…you can wash by hand or fix it yourself…fence you can fix yourself as well or leave it till you can…also why does a stay home mom need a car?

@Kayleigh-uy2on Год назад

This is the best explanation for the emergency fund that I have ever heard. It was full of understanding and logic!

@unfairsanic5089 Год назад

Unfortunately most people wont accept that because its too logical for them

@vincent8900 Год назад

If personal finance is 20% head knowledge, 80% behavior, and 100% personal, other people's lack of saving is irrelevant. Perhaps your sense of logic is skewed.

@ethan4048 Год назад

This was completely illogical. Her response was basically well everybody else is in a shittier position lol

@MikeThePike316 Год назад

@@ethan4048 You clearly missed the point.

@jordanmcmurray5785 Год назад

"You make amazing money" Dude lives in San Jose, the median home price there is $1.1M and cost of living is 1.6 times the US average. Sadly that is just okay money.

@rhsc2670 Год назад

96k in car debt making 210k in San Jose, yeah.... your 210k does not go very far in that area with 96k in car debt.

@willtacoma2ndgen661 Год назад

Dave's should bring up the emergency fund to 5k dollars because everything is sky high now. The 1k dollars 💸 emergency fund was back in the days 1990s and early 2000 not in 2023 anymore. You will need a minimum 5k for surviving.

@VanderbiltMr Год назад

Just go Dave-ish, drop to $15k savings and pay down the cars. I bet before writing a pay down check he will wrestle with selling it. Changing behavior is what it’s all about anyways.

@GrandmaBirdy Год назад

California….you have great point! As long as he learns to pay off debt.

@Rashaadthegr8 Год назад

Yep debt is sky high too the longer you wait.

@amireallythatgrumpy6508 Год назад

That's ridiculous. If people have to save for a year without even paying off any debt, they're going to give up before they even begin.

@willtacoma2ndgen661 Год назад

@@amireallythatgrumpy6508 What can you do with 1000 dollars these days?

@aina3387 Год назад

I make a little over what the caller makes and I wouldn't be comfortable with only 1k in the bank. I think it is a good benchmark for people who are struggling to save even that much, but if you can keep around 5-10k in the bank I think you will have a easier time dealing with emergencies and paying off debt. I wouldn't go lower if you are already higher than that. I understand that I can cash flow a lot of emergencies, but my anxiety is too high for that, lol.

@samuelm2111 Год назад

What kind of job is this Aina?

@jml9550 Год назад

I make similar as well, paid off home in the Bay Area as well. I keep at least $100K in liquid.

@MikeThePike316 Год назад

@@jml9550 Such a large amount of uninvested cash will probably cost you millions in retirement.

@MikeThePike316 Год назад

@@RustyZipper It's feasible when you consider the purpose. It's a starter emergency fund, not a fully funded emergency fund. The idea is not to be enough, it's to cover the small things so you're not tempted back into debt.

@Mysticbladegod Год назад

I have most of my debt paid off (all student loans) but the idea of a $1k emergency fund in 2023 is insane. Inflation is out of control. I've been saving aggressively and paying down debt like a mad man. I'm in with the caller on this one.

@SirPokemonX Год назад

It’s just till you pay off debt then it’s 3-6 months expenses.

@austintomkewitz3981 Год назад

@@SirPokemonX yeah just be brainwashed and pigeon holed into the Dave Ramsey Plan and don't think for yourself even though you make more money than I do

@LiefLayer Год назад

It should actually be zero, you still got your income and you are in debt so you are actually negative every month so you should just pay off debt as fast as possible. Think it as 10 dollars to buy bread if you are starving. 1000$ are not actually your money (you are in debt so you are on a negative on cash), it is not a real emergency fund, it's just starvation money that you keep as a reminder that you are drowning.

@SirPokemonX Год назад

@@LiefLayer well yeah you are still in debt. N the only reason to have $1000 is the mental effect it has on you to know you have something in your savings and not feel as though every cent has gone to paying off debt. Also so you don’t get discouraged

@Jlcdb71816 Год назад

This was such a great call! Thanks for breaking down the Emergency Fund!! So goood.

@mathematician1234 Год назад

Dave Ramsey would have asked what kind of car does he have with a $72K loan?

@adamseidel9780 Год назад

Dave would have had a much smarter answer to this question. He’d have told him you can afford the car but tried to explain to him why he doesn’t think Debt was a smart way to get it.

@westtex4941 Год назад

She’s great, she deserves a raise

@Themoomabides Год назад

I think it’s time to adjust the $1000 to those who have savings or families. So maybe $1000 per family member, etc.

@khrisstake2210 Год назад

The 1000 dollar is just for getting out of debt

@unfairsanic5089 Год назад

The point is that alot of americans cannot save 1k to begin with and you want to increase the emergency fund?

@deb9806 Год назад

Why does the fact "most American's can't do something a Ramsey solution?" When I had three kids home, 1000 went to one brake/rotor job, then the water heater leaked, the list went on. No way would I save only 1000. We had much more saved and still paid off debt

@tiwarani Год назад

Crazy how I make half the income as him, probably younger than him, yet my net worth is more. Stop financing things that depreciate!!!

@reese85 Год назад

You prob don’t have a wife and family as well

@tiwarani Год назад

@@reese85 married since 2021. Don't assume anything.

@reese85 Год назад

@@tiwarani key word is “prob” and I also said kids, and you prob don’t live in a high cost area!

@tiwarani Год назад

@reese85 If you're broke it's because of your decisions. Kids are a decision. Anyone can move. Next.

@JustinCase780 Год назад

San Jose problems...🤣

@Winnie-Kay Год назад

Where's Dave's, you can do what you want but you called me?

@PInk77W1 Год назад

LoL. Dave is old rich and retired

@anya8221 Год назад

This is exactly my question, thank you!

@justinmichaelknox Год назад

Obviously the cars were crazy and he should dramatically rethink his approach, but there’s no way I’d drop to $1k as a sole provider with a family to do it. He can solve his problem in months without the risk and stress of that

@pattiupton1499 Год назад

Tired of people making big bucks whining!!!!

@eniak00 Год назад

Why did they not suggest selling the 96K car and using 24K of his 42K to pay the other one off, then using , say, $10K from savings to buy a reasonable used car? They could easily restock the savings after that with just his income.

@unfairsanic5089 Год назад

Probably because the car payment is less than half of his annual income

@zombl337og Год назад

my dishwasher went out in december, WHAT EVER WILL I DO when i only make over $200k a year?!?!

@wacker3523 Год назад

Why do so many people want to hold on to debt so badly?!? Especially when he has the money and a good job to knock it out. Good call and great answers.

@topsykretts2264 Год назад

It’s that thought of spending all the cash on it. They think they’re losing equity but really they’re gaining it by decreasing their debt.

@Rashaadthegr8 Год назад

Addiction

@jessicavarona8099 Год назад

Conditioning

@godfathaofyo Год назад

because smart debt is better than bad debt, if you understand money and are smart with it

@Rashaadthegr8 Год назад

@@godfathaofyo the only smart debt is no debt.

@tylersanders2388 Год назад

The point is to be uncomfortable. It’s called motivation

@aolvaar8792 Год назад

Like being chained to your oar.

@truckingmoney485 Год назад

It’s called risk

@tylersanders2388 Год назад

@@truckingmoney485 risk is tens of thousands of dollars of debt. Spending a few months uncomfortable is eliminating your risk

@aolvaar8792 Год назад

@@tylersanders2388 Jade spent 90 months, most people don't say "Few" I'm retired on a ~$9K/mo Gov't pension. The risk can be Very low. As my father said: " I will walk over the starved bodies of SS retirees, when my Military pension stops."

@chedbeckford8067 Год назад

I mean you can decide on the amount you want to keep. Things come up all the time, especially if you have children

@aleksandar5323 Год назад

Do it with 5-6 thousand, it doesn't really matter. Just do it :)

@jfish9014 Год назад

Love Jade & George together

@tdogable Год назад

I don’t love the advice here… why not sell that expensive a$$ car and buy something used???

@tanyad3989 Год назад

They’re living on $210k a year in San Jose?!?! That’s like at poverty level there. If you aren’t making over $400k, you should be in the Bay Area.

@Dan16673 Год назад

100% that income is ultra weak there

@LifeWithChase Год назад

Not the smartest way to do it at all. You can lose your income the day after you spend the 42k paying down debt and then you have 1k to your name and still have a mortgage and car note you can't pay!

@jackman3654 Год назад

The guy makes $210k a year, I think he's going to be fine..

@kevinreichert3254 2 месяца назад

Given that Dave always discusses risk, I believe they should have said just keep $5000 and use the rest. If it makes the guy comfortable to have a bit more, let him have it. You are literally telling him to drop his savings to 1/3 of a single monthly mortgage payment. If he loses his job, he immediately misses a payment with no time to make a plan.

@rnt45t1 Год назад

They really didn't listen to his concerns, and didn't articulate the reason in relation to his doubts. Bad answer! They also should have asked what kind of cars.

@unfairsanic5089 Год назад

Lolz there is always a laundryshop neaby just to wash your clothes until you buy another washing machine 😂

@FreeBladez Год назад

This lady needs to take a chill pill. Let the guy finish his question.

@juanmariscal3897 Год назад

It seems like they were speaking to me. I feel much better now that other are with me during the baby steps.

@rustykatt3870 Год назад

Jade and George are great together.

@too-da-loo Год назад

No discussion on the fact he has $96k car debt and ONLY makes 210k? that is nearly 50% of his income. If a fence and dishwasher failing causes you heartburn, then you are way over your head regardless of your income.

@jml9550 Год назад

Exactly my thought.

@Cynexius Год назад

Is it me, or do the majority of people who call into this show with financial problems have six-figure incomes.

@percivalgooglyeyes6178 Год назад

So Andrew, how do you like that Range Rover? Does everyone think you're cool when you drive it?

@ricksanchezsflask8794 Год назад

Men want to be him and women chase after it to be with him.

@-Wreckanize- Год назад

Glad you were able to help out Ben Shapiro.

@MultiInKIEto Год назад

I really don't understand how this people make 200,000+ at year and they sound like they don't know how to get rid of debt?

@PInk77W1 Год назад

Movie stars. Pro athletes make way more and go bankrupt all the time

@dixcn Год назад

You earn 200k and are worried about fences falling over. First world problems i guess.

@ColeBeasley Год назад

I'd sell those cars so fast. Lol

@curtis3688 Год назад

It’s crazy that they don’t factor in taxes. 210k is only 12k/mo take home. So 10k/mo debt repayment is outrageous. 5k would be tough. Still should be better off than most though 🤷‍♂️

@danielvalenzuela8814 Год назад

Especially in San Jose. $210k in SJ is the equivalent of $100k in most other US cities.

@huntershoemake2721 Год назад

Seriously I was thinking the same thing

@Michael-4 Год назад

@@danielvalenzuela8814 Some places are only gonna have the homeless left.

@godfathaofyo Год назад

Exactly this, they are centered in Tennessee, a state income tax free haven.

@lukerider479 Год назад

Taking home less than 12k when all taxes and health insurance considered. They are sometimes extremely ignorant when they do math.

@Miggy2222 Год назад

His depreciating asset to income ratio is 50%

@billdursa4976 Год назад

Sell the vehicle with the high loan payment. Isn't that the normal advice? Too much vehicle to keep up with the Joneses.

@myronpriest4935 Год назад

I'm scared I make $200000 I gotta buy a $1200 dishwasher😳😳

@MelsDiner115 Год назад

Im still amaze how so many people make so much money and still have no common sense in finance or even basic math.

@annaelisavettavonnedozza9607 Год назад

How do u have less than $50k saved when you make over *TWO-HUNDRED THOUSAND DOLLARS* a year???!!!

@jml9550 Год назад

High cost of living Area here in the Bay Area. Car payments,mortgage, property tax, kids activities/lessons, eating out, expenses can go on and on…..

@simonthebroken9691 Год назад

Wife has income. Why didn't you guys talk about that?

@deb9806 Год назад

Family probably does too

@sinclairal Год назад

Other option, sell the more expensive car. Buy a normal car with saving- boom debt free today

@phobedavis7014 Год назад

I came to see what Jade is wearing. Very sharp.

@Unfortunatesaucer Год назад

I don’t agree. You need more than $1000 for an emergency fund for a family. The $1000 has been used for decades what happened to inflation?

@herbb8412 Год назад

So their advice is to join the 36% that have $1K or less in savings? Foolish.Going from $42K to $1K in savings is a bad move. He could easily go down to say $5K and throw the disposable income at his debt. Much more peace of mind this way. What if he loses his job? Most of the Ramsey advice is great, but the more I watch the more not so sound things i hear.