We Financed Everything! 

That’s because they did the budget, started program, and are on track to attack the debt.

Exactly I hate when people give unnecessary details talking about their justifications for stuff

He probably wrote some things down prior

When the guy said he was "considering training it in straight away for less but would miss the registration and repayment fee" I think that might be the only time I've seen a caller push back with an idea that Dave actually agrees with.

Esiri yep, he was prepped for this, and wrote it down, but he articulates himself well ❤️

Jennifer Garcia I just started listening to him too! Paying cash for our wedding in 2 months, then starting the baby steps. Have less than 3k in credit cards and 8k left on my car...should have it all paid off in about a year!

Good to start controlling your debt at 21 rather than at 51 or at 61.

@@jessabbott7830 wish nothing but the best for you. Stay positive and god bless.

Sounds like your boyfriend is a keeper.

Jennifer Garcia same here. Before listening to Dave I was also in 3k debt. Turned 27 in September. In about 4 months I've been able to get out of it. I don't owe anyone anything and i will always keep it that way. Good luck, miss

Could have been used to transport kids, but if that's the case is a business expense. But that high of a payment is most definitely an suv

@@Billybillybillyrocking why would you buy an expensive car to transport KIDS?? Lol

@@ugladden probably the safest car that she could get based on lists.

A 30000$ car is not a lot if it’s anewcsrbut yeah should be driving a hooptie

If she’s like my girlie she likes spending to feel better about being stuck home all day

Financial planning should be part of parenting.

The economy depends on consumer credit so that won't happen.

It is. Its called Financial Literacy.

The people who would pay attention in that class will never end up in this situation in the first place.

I agree on the parenting part. It's ok to teach it in school, if credit cards are taught to be bad, not good.

Spot on !

He's not trying...he's talking! $36,

@Larry Emert - brother, I’ve been there. Trust me, getting out of debt was the most liberating feeling in the world. We don’t finance ANYTHING and haven’t used CC in over 10 years.

@@aeromedical6750 well done! I'm currently debt free at 21 and no plans for debt!

With a 6 figure income, there's absolutely no excuse for this unless medical bills are killing them

True story...

I have no debts and I can't sleep worrying about my future. I can't even begin to imagine...

Do you get the couch paid off?!?

Smart

Good job!!

😂

Yeah this guy is gonna be alright.

All calls should start like this. It’s called honesty.

Indeed😊🎉😊

"Just a modest K class star in the Andromeda galaxy"

Star Lord calling

Nikolay Delchev It takes some of us years to learn this, but the smart ones figure it out!

It depends how long you are okay with delaying gratification - if I have 20k, and I could buy a car for 20k then I have 2 options: 1. Buy it now 2. Invest the 20k, buy it later If later is just 1 year later, and I can invest at 5% annually, and because I waited, I saved 1 year in registration/petrol/damages/etc, lets assume that all adds up to $900: In 1 year I will have a Car + $100 (5% on 20k) + $900 (running costs). That $1000 is like a life-time cash-flow compared to buying the car now, because I can invest that $1000 EVERY year forever until the day I die. In 30 years, that decision to wait 1 year will save me $1000 * (1.05)^30 = $4322. This is actually 21.6% of the car value for waiting just one year!

@0 views don't have to live by that logic to the letter. Point is want new tv. Buy what you can afford or wait and save until you can afford the tv you want. That pretty much applies to most basic things. The way I look at it is by paying cash you learn self control and also if you want into a store with $500 and walk out with $50 in your wallet is much different that putting 450 on your card.

Yup

Not always entirely that simple, but for the most part that's the most sound advice you can give :)

TeKnoVKNG23 Agree its not late but they need drastic changes made.

she runs a daycare on the house, that has to be taken into consideration

Atleast he's addressing the problems now.

The house is the price of living in San Diego.

TeKnoVKNG23 ?

I want a woman like you

If anyone was ever raised by a Depression baby, they wouldn't be spending like this.

Pat in the back?

Women like you are worth their weight in gold.

Took me until the age of 30 listening to Graham Stephan, Dave, and Investing with Rose to figure out all of these important financial lessons

Chiara TV ikr

David Jenson True. Nick. new jersey

David Jenson j

David Jenson c

Viet PopLove he should’ve left California lol 😂

Remember they live in California

@@mr.worldfree3333 San Diego at that I heard it's super expensive there

John Zabik 120k is poverty level for a family in some parts of California.

I make 55k and live and San Diego. It's great living here but it's really expensive.

eedd sdsd liberals with high taxes to support the illegals that live there 💀

J.D. Hague probably not possible in San Diego

brandonmc01 well then the choice is easy. Move to another area that's much cheaper and with a pay that's really good.

ITS DISCIPLINE DOWNSIZE I BUDGET 919 MO. FIXED INCOME - $15 MO. FOOD STAMPS US POVERTY??

People are competing with the jones

J.D. Hague agreed. Actually I’d be getting rid of both. Paying $3,500 on a mortgage when you’re making $8,000 per month is ludicrous.

Jay Neal True but in California you would be getting paid more. We have guys here at work who were making $12000 more a year just because they worked in California/lived there for the same company. But they also have state taxes and everything else. So they were paid more, but they also pay out a lot more

Isaac Spencer our monthly gross is pretty much the same. At 8k hes making about 500 more then me. I actually lived in California for a year and I got out of that place. Personally I wouldn't live in a state in witch i cant afford to live life after I pay Bill's. Most people I knew in cali either lived far away from the city or had roommates.

Location location location

I think your mortgage is high at 1400. Mine is $660 including taxes and insurance.

agree, $1400 is ridiculous. At least here in Arkansas lol.

I am totally debt free. That includes house. If I were bringing home $8k per month, I would be stacking so much cash it would give Dave Ramsey an organism. I would be thinking retirement in 10-12 years.

"an organism" LOLOLOL

ORGANISM

My wife and I work part time and bring down 8k after insurance is taken out; debt free and house paid off -- buying things is fun again!

You can go to school

NICE! I did the same thing!

Andrea Martin Don't be bitter that he has a father who is willing and able to help him.

wasn't exactly a reliance on him to pay it off, that was only to get it paid off and sold to reduce the drag it has being paid off month by month and to knock off a chunk of debt. from what it seems he very well could have continued to pay on it, but obviously since he had the opportunity he took it (as he should have).

They live in California. Not Alabama

That's hardly anything for California.

Jealous AF 😂

That’s the biggest problem

Dave wants him out from under that money pit as fast as possible. If the hit from a lowball offer is offset by upcoming bills, it's better to dump it to the lowball offer.

eclipseNF why does everyone assume people will divorce. Every relationship is hard work: marriage, family, friends. All are hard work.

Amanda Johnston Because 50% or more marriages end in divorce and the remaining people are not all that happy

TruthHurts no one is forced to marry that’s the point. If a guy doesn’t want to marry a girl then don’t ask her. Simple. Marriage is a HUGE commitment. I think one problem is people don’t understand that and end up with someone they won’t stay with for their entire lives.

Amanda Johnston Oh yeah and 70-80% of divorces are initiated by women so that's why I say she divorces him. They're the ones who can't commit.

TruthHurts I get that we feel different on the subject. However, if a guy asks a girl to marry him then he should know what type of person he is marrying, same for women as well. People don’t take as much time to date anymore. It’s hard to make any relationship work in today’s fast paced, the grass is always greener on the other side, relationships are hard work.

adinahwithkaden why

Reiden Lightman good for you. I did the same. I closed and cut my cc’s. even though my friends say its a bad idea bc of my credit score. At this point i have a car and a house i can careless about credit scores if it were to go down.

It's called getting older lol

Because people are dumb and dont know how a budget works...just spending like crazy and never think of the bill. Not all like this but most seem that way.

Ohh got it have it now ... Etc

Americans in general want instant gratification. They justify buying the latest iPhone even though the old one they have still works fine. They justify buying furniture, electronics, vacations, etc.

skmetal7 you’ll understand one day why

So people kill themselves with crushing debt just for more sunshine in California??????? No place can be that good. I will stay here in the midwest thank you.

To each it’s own...why do u care...you’re not paying, so why are u stressing?

skmetal7 if they can afford it, why not? These people obviously either can’t afford it or have had bad financial decisions.

Darren Krock that’s true but there’s plenty of people in the Midwest with crushing debt as well. It’s about choices.

I swear he said solar system too..

HVAC system

That's funny! I had to listen 2-3 times. He said HVAC system, as Elizabeth Klein stated below.

I pay 50 a month for electricity, I am not sure why people are so driven to put solar panels on their roof! The cost to maintain them when they break, or you need a new roof is going to be more expensive then it would if you just kept paying the electric company!!!

@@bettysmith4527 Don't put them on the roof! My friend has them next to his house on a grid. They work perfectly!

People who can not afford to live in California need to move to another state.

Tax

Prashant Chaturvedi 120 was before tax which is about 10k a month

Prashant Chaturvedi they live in commiefornia, 35% of there income goes to illegals.

@@lefthanded5473 Bingo!

m ph I'm trading in my car for a smaller car. Dave ramsey is the truth

So long as *you* know the value of your car, people trying to barter you down does not affect anything. & most people take into account that private buyers will barter down, so the asking price is set higher to offset for that. Its the same technique dealers use. Just be smart.

Too is the correct word, not to.

dealers will give you nothing, best to sell privately and buy privately.