I love hearing young people calling in asking for advice to get out of debt. I found the Ramsey show about 3 or 4 years ago after buying a car. My last payment was set to be in 2027 and I paid it off this past June. They say be gazelle intense and that’s what I did. It worked for me-it’ll work for you.
I need to buy this book when I have the money. I just got utilities turned back on in my house after being left high and dry with my kids a mortgage and bills being stacked this show has helped me stay on track thank you😊
Ron in Asheville, NC. I'm going through a similar situation with my dad but the obstacle right now is his wife. She can no longer care for him. I'm in the process of getting Guardianship over my dad. My siblings are great though. And I agree, it's a blessing to get this time with my dad. My dad has Alzheimer's.
Re: SS, if he’s still working and takes it at 62 he has to give a certain amount back. If he waits till he’s 67 he can still have earned income without penalty. Plus, remember it’s fully taxable. Dave and the team needs to invest some time in learning the intricacies of the Social Security system. I’m 75, there was a LOT to learn!! The spousal benefits (living and deceased) are really worth exploring, not just glossing over as Dave did in the answer. Many in your audience are over 60. And for many of those every dollar counts (and will count as they age).LEARN. Make a plan.
Thank you. Came to this video after listening to the podcast because I was so taken back by how off Dave was in his advice to the man. He was calling about taking SS while he continues to work. If he makes >$63k (and enjoys his job) he's going to lose a year of benefits if he takes Dave's advice and for no reason whatsoever. Dave made it clear he "hasn't thought about it" being that he's 63 and it really shows he hasn't looked at SS much.
@@heavyd777yes up to 85 percent or so is taxable. But I think she's referring to the income limit. You're allowed to earn currently like 20k per year before ss is reduced
Yes, for the gentleman that’s getting married in May just go to the justice of peace get married now and then have the wedding again and reception in May. That way you guys can buy your house. I totally agree with Dave! Also, I am going to a wedding that took place a few months back. The groom got really sick and almost passed away. And so him and his fiancé got married a couple months back and now we are going to the wedding on October 20. So it’s nothing wrong with that, let’s get married if we know that this is the person for us!
Verily, Sister HairwithMonica, thy counsel to the gentleman speaks to the immediacy of human concerns, yet let me bear witness to the everlasting covenants and ordinances restored through the Prophet Joseph Smith, who was an instrument in the hands of the Almighty to bring forth the fullness of the gospel. As it is written in Ephesians, "For we are his workmanship, created in Christ Jesus unto good works, which God hath before ordained that we should walk in them" (Ephesians 2:10). While civil unions might serve temporal purposes, we must not overlook the eternal significance of being sealed in the holy temples of God, whereby families may be together forever. It is stated by our beloved Prophet, "The family is ordained of God. Marriage between man and woman is essential to His eternal plan." Therefore, I extol the glorious privilege of temple sealing, with its transcendent promises and divine authority. Indeed, the Lord hath said, "And verily I say unto you, that the conditions of this law are these: All covenants, contracts...or marriage covenants...must be sealed by the Holy Spirit of Promise" (Doctrine and Covenants 132:7). Thus, let us ponder upon these eternal principles as we navigate our earthly sojourns. In the name of our Lord and Savior, Jesus Christ, Amen.
For funeral - don't forget other costs when determining what to put in a POD account - obituary, plot (good to pre-pay the plot, if not the funeral), headstone, food if a reception will be offered, final expenses for utilities and estate taxes, bonds person, any costs to put into the house to sell it and keep it insured until it sells. There are lots of expenses to pay relatively quickly when someone dies other than just the funeral home.
I’m closing for cash in a private sale Nov 1 on a house I’ve been renting for three years. I’ve been trying to convince my investor/landlord to sell. At last.
DAVE RAMSEY, do not take your Social Security retirement yet. You can file for your retirement however you won’t get check because you make too much money under full retirement age. I suggest you to file at your full retirement age because you can still work and earn as much as you like and be provided with compensation.
I was REALLY surprised that neither Dave nor George knows much about social security. Knowing the facts should be BASIC to the majority of seniors! Could it be financial advisors advise taking it “early” so they can invest it? Maybe, maybe not.
They will take 1/3 of your Social Security benefits if you are working and are not yet full retirement age. It doesn't pay to take it early if you have earned income over around $18k.
I put a deposit on a house and had absolutely no peace after I did this. I asked God to get me out of it. I went with the house inspector to inspect the house. There was more than $2,500 in house repairs that needed to be done so according to the contract, I could back out which I did. I was outside leaning against my car at one point in the inspection and a bald eagle was soaring over me. He kept going in circles high in the sky over me. He did this for at least 15 minutes. God helped me get out of this. The people who bought it spent years fixing it up and then they sold it. I got my dream house after that. It hadn't been on the market when I put the deposit on the house in this story. My ex used to say that the devil will present you with a bone but wait because God has a steak for you. My steak came after I rejected the bone
I had almost the exact same experience last year. My husband and I put in a formal offer on a house that was at the high end of our approval amount. I was sick to my stomach with a feeling of impending doom all night and into the next morning. I told my husband that I felt like something was seriously wrong and I had an extremely strong urge to pull the offer. He did not hesitate and we backed out ASAP before the sellers could accept the offer. That house ended up sitting on the market for months due to failed inspections and buyers backing out. I am so grateful that we both listened to my gut.
When Peter from NY called, Dave missed the part where he said he had (2) mortgages. Peter, SELL off your non primary property and pay off your debt, and sock the rest into savings.
Hello Mr. Ramsey, I am new to the show and to investing. I know it is late in the game for me, being in my fifties however, I want to give it a go. I was in Manhattan last week eating wings and I was thinking about investing and now I am listening to your videos. What should I guy like me invest in.
1:22 - The guy and his wife have $59,000 in student loans and car debt of $29.000 and he's worried about his KIDS' college? The guy keeps saying, "Yes, but..." Bottom line according to Dave: "You make $100,000 a year and you're broke!"
Are there different baby steps for people who don't own a house and not planning on buying one? Also, steps that don't include a college fund, as my kids are looking more toward entrepreneurship or trade school?
Question on cash, I hear that more and more places are going to card only to pay and talk of cashless society. I am one who uses cash over card. What are your thoughts on a cashless society coming? Is is best to use cash over debt card?
@@amireallythatgrumpy6508 I understand but, that's not the point. My point in asking is......Dave dislikes how our Govt treats us and I agree so, may as well take our money back from them as soon as they allow.....
Be careful about the social security advice. It is my understanding that if you wait to full retirement like 65, 66, or67, whatever it is for your year of birth, that time you can take it without any tax ramifications. However, if you take it at 62, if you’re still working and earning income, you will have to pay some of it back depending on the amount you are still earning. So check it out with your tax advisor.
If you take social security early and keep working that's going to lower your social security payment with anything over $1,700 hundred dollars he should call social security
If you are broke and do the best with what you got. Food is so high nowadays. How do people do it. Unless you should be able. Get your life straightened out.
If you take Social Security “early“ you are very limited on the amount of income that you can earn. So it does matter about retirement and taking Social Security before your full age.
While Dave is absolutely right, it's none of their business. But, I think a healthy balance (after the dad talks to the other siblings) would be to say, "While dad doesnt want yall involved in his finances, I don't want any bad blood between us. While he is alive, I will respect his wishes. Since I dont want bad blood, I am willing to keep a copy of the monthly statements, and then when he passes, you can see them." Edit: didn't realize the brother was a heroin addict. Nevermind. I take back everything I said. Go with Dave's screw him attitude lol😂
@demelzapoldark3035 I was just as surprised to hear that as you to tell me I heard wrong. So, I was expecting something to be wrong with my comment. I got interrupted six times in that call alone and the interruptions were hours so I just missed something 😆. You know work sucks 🤣
Until you reach FRA (full retirement age), if you are stil working, you are limited on how much you can make and still collect. Dave needs to get up to speed on SS rules.
When is giving, giving too much? I’m not a Ramsey disciple, but chew on his advice. My question is , what percentage of income can I give away before it becomes foolish?
The US owns a machine that prints money. They should just print more money and pay the military, police, and roads. It's not that hard. Humans make life harder than it needs to actually be.
I was wondering how low. People will go beside eating beans and rice. They said to drink Kool aide. Do you buy clothes at yard sale. Or go to the junk stores. I know I have been there myself. Broke city. At one time I was living at a woman shelter. It's not the best situation.
George is slowly acclimating back from paternity leave (he just had a brand new baby) and he also has other responsibilities such as smart money happy hour, and his own podcasts.
So happy for Dr. D!!!!! The book is amazing, I read it in 48 hours flat and could barely put it down. Dr. John is a world class writer and so this is so well deserved for him!!! 🎉❤️
I read it in 24 hours flat! I didn't eat, go to the bathroom or sleep. My actions made my husband anxious, but I didn't want to waste a second of my time not reading a book by the master.
1:37:30 might be the saddest caller I’ve heard in a while. Sometimes we need to realize money is just an object. Yes we’re all trying to build wealth and live generously but holy crap don’t let the engulf you. I don’t want to assume this woman’s life but to be 66, planning your death with no children, husband or immediate family. This is a hard road to maneuver but let’s not forget our families come first. I can’t think of many things more depressing than planning my funeral alone.
I enjoy your show but someone needs to go learn how social security works because you are giving some wrong advice. I realize you don’t need it so you haven’t learned the ins and outs, but please have someone do the research so you can give correct advice on your show. Thank you for all you guys are doing 🙂
Very important to the guy who has his father living with them - Dad has slight dementia. Quite apart from the money issues, he MUST get a Power of Attorney while his father still is mentally competent. A person CANNOT get a POA unless that person is mentally competent - so do it now!
I’d you decide to take social Security and not give it all away your an ass. Hopefully in the future social security will be means tested and given to people who need it! Even republicans like this idea. Give me a break. Dave Ramsey takes his social Security. Should do wonders for your brand
3 Very small Statured men.. All minted.. Can decent sized men not do as well with money🤔 its a small man syndrome thing.. They gotta flex somehow so they work hard on that money.
@@patricksimon8943 kind of a mute point when tou bring those guys into it.. Making money is as a result of their sporting ability.. Not the same point I was making! You kinda missed it mate!
