Sell My House To Make Ends Meet? 

Just the simple fact that shes willing to sell her house instead of the 31k car sums it up on why there in this mess

Sorry, I’m getting married this year and planning to be a SAHM when we have kids. I already told myself I have no business asking to stay home when I have loans. So, I busted my ass to pay them off before the wedding. Completely Debt free now. Don’t quit your job when you have a mountain of debt.

Thats embarrassing for her that she thinks she can drive an expensive car as a stay at home mom with no money

"$20k drop in income" "No, 20%" "Ma'am 20% of $100k is $20k" "Right" Lmfaooooooooo

2400 mortgage 80000 helico, 50,000 in student loans, 30000 car loan, husband making 100grand..now is a great time to quit my job and stay home with the kids..seriously!!! The decisions people make amazes me!!

@RamseyShow - please start a new segment called “follow-ups” find old calls and see how they are today 🙏🏼🙏🏼

She should not have quit her job while still having student loans and a 2,400 house payment

"i quit my job now i have less money someone help me"

Why does the stay at home mom and homeschooler need a 31,000 car? And thats whats left on it! which means it was probably 40-50k, sorry stay at home mom's dont get Beamer's lol

Does caller realize the HELOC has to be paid if they were to sell house? Perhaps they cant even afford to sell the house.

It's depressing to hear people nowadays say $2400 house payment is a good deal.

I sold a couple of homes in the Tampa area for pretty good cash and I'm thinking to just leave it in stocks while waiting for a house crash to happen and as well avoid inflation, but is this really a good time to buy stocks? I hear it's a madhouse right now and I still hear folks are raking in huge 6figure profits by the weeks and I'd love to know how.

A house is just a collection of wall studs, OSB, insulation, copper piping and some wiring and appliances. Don't let a home ruin your future. Downsize

I had a 25% pay cut up in Minnesota. We moved to Iowa and I made more.

most community colleges have 6 week contracts where you can teach GED classes in the summers! all you need is ANY bachelor's degree! It's what I plan on doing in the summers once I graduate

I hate it when people say yeah yeah like they're not listening to what hes saying

I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent 2008 recession and I was wondering if such success rate could be achieved in this present market. I'm open to ideas about investing for retirement.

Rachel’s face dropped when she said $200k in debt!!! Sorry ma’am … you need an income. 🤷🏽‍♀️

You got these young women going off to college, racking up $100K to $200K of student loans and as soon as they get married and have a kid, they decided to be a stay-at-home mom for the next 6-7 years. Now, who's going to pay for her student loan? If you have student loan, you can't afford to be a stay-at-home mom.

It takes a long while for a newly sahm/homeschooler to adjust to the one income lifestyle. This caller would do well to binge watch Rachel's budgeting videos and get serious ASAP. Also brush up on 3rd/4th grade math because that is what budgeting is. I respect her choice to h.s. just is going to take major sacrifice.

This is why we base all long-term financial decisions (house is the big one) on MY income. I will always have a job and if something happens or if I lose a job I will be getting another job or working every job I can find. However, before that house is paid for my wife may no longer have a job and may not want one. Basing those decisions on my income alone and not our combined total will allow her the freedom to stop work. Besides if she does have a job that’s just more money to save for cars, vacation, or simply having more in the budget. It sounds like she just quit her job and they didn’t discuss any sort of plan of what debt and their financial future would look like.

Being a stay at home mom shouldn't be an option for a person with student loan debt.

Doing great, making great progress on the debt, working hard! Hey, let me quit my job and lose a good portion of our income and then be surprised when things aren't going as well.

Truthfully Dallas' economy is NOT booming. I've been looking for work for months and they do not want to pay anything out here and the rental market is high. I'm ready to move.

My husband and I lived right outside of Chicago. I got injured on the job and could no longer work so we lost my income. Then my husband lost his building trades teaching job and found another teaching job but it paid $10,000 less a year and so we decided to sell the house and move out of state. Now we are debt free. We built our own house with no mortgage. Love our 5 acres out in the country. Should’ve moved decades ago !

I’m a Homeschooling mom. I think she could do portfolio reviews for extra cash and babysitting. I did some part time online work and PRN work while we paid off debt. I even sold antiques and clothes on Etsy for extra cash. I don’t blame her wanting to continue homeschooling, but extra jobs can be worked around their schedules.

Architecture is one of the worst professions to be in. It is the first profession to be hit in any form of recession. Between 2008-2011 45% percent of a Architects lost their jobs. Dave has no idea what he’s talking about when it comes to employment at a architectural firm.

She doesn’t wanna work anymore lol that’s what I got

My husband owns an engineer firm and he has a great team. When times were tough everyone took a pay cut so nobody would have to leave. Even my husband and his partner took a cut more than anyone there. This was in 2010. But when they got back to to normal they went back up and they always gets awesome bonuses a couple times a year depending on much money they made the company. 5-50k bonuses.

I was waiting for Dave to say "You need to get a J-O-B".

She sounds like she dosent want to work. She also sounds like she dosent want to let go of all the luxury items.

Omg!! Fuchsia is Rachel’s color! Definitely wear that color more often ❤

Dave shouldn’t be giving people advice on finding jobs. I can’t believe Dave would tell this woman that her husband should be able to find a job for $120,000 easily. Are you kidding me? Dave needs to wake up and realize we aren’t in a booming economy.

Her husband's company was probably trying to prevent layoffs by cutting pay across the board

Not sure why after you were making some progress on the debt with $50,000 paid off but $200,000 to go you would quit your job in the middle of it. Definitely agree, need to bump up that income and get that car sold, then tackle those student loans. Yes, still a big mortgage payment. They overshot on everything.

She shouldn’t have quit her job to homeschool

Yeah, cuts are here... I'm being told I have to take a 39% cut for my current job. I started taking interviews today.

Booming economy?? In Dallas only? Ramsey Show is a bit behind current state of affairs ✨

SMH, did you hear those bills, $100k income and she wants to quit her job to be a stay home mom. Then surprised when real life happens.

My house payment is 50% of my take home pay, but I save 20% of my monthly salary towards retirement and have no other debt. No kids, no other commitments... yet people keep telling me the house payment is too high. Why? What else would I spend the money on? Give up a house I like just so I can save more cash?

She could move. She’s talking over him and definitely not listening.Her husband should look for new work where they appreciate him.

Im sure Dave has had more annoying callers than this but i really don't remember when. Just mumble and giggle and the problems will just kind of go away, won't they? Hubby will man up and take care of it, I can stay home and keep an eye on the kids while I watch TV. Works for a while but not forever.

They still need a roof over their heads! Only thing worse about being in debt is being in debt without a roof over your head. Stay in your house and get a job.

She owes 30k on a car and doesn't even have a job to drive to. For sure sell that car. They could probably even get by with one car.

Dave goes straight for the cars

My wife is homeschooling next year. Homeschool offers a ton of flexibility where you can still work part time. My wife will be doing that. Should be debt free a few months before it

LOL Quit your job after a pay cut. Magically find another in the same industry in the same area. Was laid off last year. New job in new area pays 50% less. It's not booming in my industry. Ex team members calling looking for work. But they can't move because they are locked in due to housing. It's not booming.

200k in non mortgage debt and not working is the problem

Where is this “booming economy” I keep hearing about? The only thing booming are cost increases for groceries, clothing and utilities.

The economy is not booming smh

Yes Dave it’s still booming. 😂

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I’m rooting for this family. At the beginning of the baby steps and have that pay cut happen must have felt like a set back. But I’m glad she called - when you’re in the thick of it, it can hard to see all the options. They’ve hit a bump, but I think they will definitely keep on the financial freedom path. I love that she choose her children. I love that she choose the wellbeing of her children. . Keep going, family. you've got this and God's got you. Praying for you!!!!

Essentially got debt that they can't afford, got house that they can't afford, then on top of that got kids they can't afford. not hard to see where the problem is, too bad, can't just return the kids for like 5 years until everything else is paid off. Frankly speaking, people shouldn't have kids until their financial debt are all paid off with exception of their home. mortgage is either paying for your own or paying rent for someone else, that's just general expense in life, other debts are real debt. having kids with a lot of debt outside of their house could be a disaster, because you can't be a loving parent when you're financially struggling. it takes a lot of time, effort, and money to raise a happy child.

Dave, the economy is not booming. Low paying service jobs are booming (even that's starting to slow down), but these $100k jobs you keep talking about are not.

She didn’t know 20% of 100,000 was 20,000 who is she gonna tutor??😂😂😂

"I'm going to home school you", Kids "Uh, what? Do we get a vote?"

$2400 for a house is Dallas is actually fantastic. Sorry, Dave you got that one wrong. I was paying $1200 a month for a 1 bedroom apartment, on the second floor, in an old cheap complex where I heard gun shots all the time.

I don't understand, as old as Dave is, doesn't he remember the writing on the wall? Recessions don't just pop out of nowhere, they start with things like this, companies reducing pay. Things may be booming in his head, but Texas is struggling right now, overall. Just look at the Austin housing market collapse that has yet to see a bottom.

I work for a big LTL carrier. Dallas TX is not booming anymore. Freight volume dropped 50% since last year.

Inflation is high, interest rates are high, multiple corporations announcing mass layoffs, banks are failing, and the US is headed towards default… but the economy is booming.

They are in serous sebt. Scary. Stop buying things

She's home schooling and basically a stay at home mom so there's no doubt in my mind that it is absolutely a necessity to have that $31K car so she can go to the grocery store. Yep, makes sense to me... 😵‍💫

Then, get a job? Who would quit their job to homeschool? The burden on the husband, I feel for this man. To translate the callers, "I quit my job and now we don't have two incomes for the family, please help me solve this problem." Yes, teachers are the least respected profession in the United States, but she needs to get a job. Use that teaching degree, make a tutoring business, do something.

Americans love their cars so much they will sell their home before giving up their suburbi-tank

Off subject, but am I the only person who can't stand when people call their children kiddos. And, @ 6:37, that "mm-hmm" response tells me she's not going to sell the car.

Are these people adults? Don't know what to do and she was stupid to quit her job with this much debt no common sense go get a job don't put it all on the husband

He suggested the husband look for another job; her response “that’s what we’re looking at!” He is not currently looking for a job, you could tell that is not what she wanted to hear.

Dave is way off on what a “booming economy” is. It’s really hard to find a job right now.

It doesn't sound like this lady wants to do anything. Get to work and he can work a side gig. Stop being lazy!!

It is always amazing to see intelegent educated people without any common sense . Its simple math . Dave doesnt have sone all knowing of finance. His plan is simple and basic .

The economy is booming but 1000s of layoffs and layoffs coming. This economy is not booming

Of course there's a reason for the wife to not work. At all like no tutoring nothing on the weekends. Nothing. Pitch in. Why is it always on the husband? Wife needs to pitch in

She needs to go back to work. She can’t afford to be a stay at home mom. Sorry.

Couldn't even finish the video she was interrupting so much...

Good grief. I pray I never get that irresponsible with my money 🤦‍♂️

"I really don't want to work. My husband can die at work for all I care. I'll start putting his applications in now."

Economy isn't booming like it was 18 months ago, theres plenty of low wage job openings but it's not booming.

She doesn't want to work. Then not give no explanation on why the company cut pay by 20%. Husband can push and push all he wants but with their debt she needs income. Simply ridiculous how lazy people can be. Stress like this kill people.

Tutors can make $30-$80 per hour. Subs where I live make about $15 per hour. I'd get out there and be tutoring now. Other thoughts, depending on what you taught....teachers will pay for lesson plans and handouts. If you have these from when you worked, you can sell them on line. But reality, instead of starting that as a business, I'd get a couple tutoring clients right away.

If you buying things you don’t need , one days you sell things you really need

I don’t why she quit her job because of “school district” find another job in another district put your child in SCHOOL I don’t believe in home schooling children need socialization and a house respite

She can make 20k quicker than he can...

....all I keep hearing over and over is student loans. College, the biggest rip off in America followed closely by insurance. Also, I hear a lot about HELOC loans. What are people doing with these loans other than improving on their primary residencies or purchasing rental properties ??

I recently used my life savings to start an online dating service for chicken….. It failed…..now I’m struggling to make hens meet. 🐓

What is this booming economy you’re talking about

Why is she a stay at home mom again? Home schooling your kids is not the best thing for them all the time. Send them back to school and this lady should get a job

Downsize homes, sell one of the cars and work after your husband is home or on weekends.

So a homeschooling mom that stays at home and owes 31k on her car? Did I get that right?

Student loans, car loans, HELOC. And she quit working ( or was fired) Sometimes these get what they deserve. I have no sympathy for them

Dave cuts right to the point.

They did not cut his pay by 20% with no explanation. Don’t call into a national radio show and then lie like that.

Looks like she doesn't want to go back to work and her husband is too comfortable at his job he doesn't want to leave but they want to make excuses.

They are in super debt. 100K is not going to cover their bills. She didn't even mention utilities in Dallas in SUMMER!

Why does almost everyone I hear about that's "struggling" have car payments?

How much does a CAD Drafter make in Texas? The average CAD Drafter salary in Texas is $58,919 as of May 01, 2023, but the range typically falls between $51,942 and $67,200. Dallas (and Texas) are mismanaged and not booming as Dave says. Home sales have plummeted and Dallas’s unemployment rate is rising and is higher than the national average.

WOW, as a mom who recently quit to stay home with the kids, we budgeted and planned for this. Finding Ramsey helped us create a plan to knock out our debt(including the student loans) and make smart money choices so we could do this. I wouldn't even dream of quitting with the amount of debt they have, and living in Dallas. They made a reactionary decision that they couldn't afford and she needs to find a different job or schools for her kids if it's really "that bad"

She needs to get another job along with her husband, she also needs to sell her car if she’s working from home. Furthermore they should sell their house because they can’t afford it. They could pay down all their debt with just these few steps.

I hate that Dave puts these stupid repetitive questions on his RU-vid channel. There are so many better callers on the show that he could have put on the highlights. They obviously didn’t learn a thing from financial peace university if they have $200K in debt and the person that isn’t working drives a $30k+ car with student loans to pay for.

This happened to me when i returned to work after maternity leave. They had no reason to fire me, so they just cut my pay.