We Make Over $200,000 and Don't Know Where It All Goes! 

I can’t even imagine making $225,000 😳

@@eclipse.5295it’s decent. It sounds a lot but it’s just decent

$225,000 is middle class

​@@reese85how much you make? What do you do? People forget the average person makes $60K and is in 5 or 6 figure debt.

@reese85 I mean it's over 3x my salary and I have a STEM degree. 🤷‍♂️ it also double what my house is worth. If you live in/around a big city, I agree though, $200k is more like $100k in most of the Midwest.

Not true at all!!!!!!!!!!!!!!! When I was making 10K no amount of money management makes it 20K in buying power. I know because later I was making 20K!!! Income is way more important than money management for that reason!!!

@@donaldlyons17 umm… first of all, why are you yelling? And secondly, your point makes no sense. No where did I say better money management means you’re making more money. You don’t understand. My point is that if you blow all your money, it doesn’t do you any good to make more money until you change your spending habits.

Absolutely true 💯

@@nhlanhla.vchili960 The idea seems right but that is a half truth. I know someone who makes more and does ok compared to the people making less who can't even afford their expenses.

High income is sure best solution to fix once you recognize you money mismanagement

Kansas City is not a particularly cheap place to live. It’s not California, but it’s not cheap either.

In MO. that's crazy money!

Yeah exactly. My wife and I live in Kansas City, KS and make 95k combined and do fine. No debt. Decent paid off cars. This lady is likely just being stupid. I can't imagine what I'd do with an extra 125k a year that they have. Holy smokes.

@@commonsenseisntcommon1776 not in Kansas City haha.

In most places throughout the nation, $225k is a heck of an income.

Congratulations!

Like our Govt!

That’s the majority of the people 💀🤦🏼‍♂️

I don't get how they could buy so much stuff and have a place to put it all... I don't know. I guess I've been poor for so long, learning about people like this just completely baffles me.

@@TheFlyingZulu Well that might depend on how expensive or how cheap that they buy is.

Sometimes those are the most in debt people because they end up with a false sense of comfort.

First responders should be making bank. 😢

How can an Ambulance ride cost people almost 1000$ sometimes yet that’s how much you make wtf you deserve so much more

​@@skyerymommait really makes you wonder who's ending up with all that medical insurance money 🤣

BURP!

Healthy and cheap, but holy geez how boring!

@@Cookieboy70 You've gotta do what you've gotta do. I'm thinking long term gotta start saving somehow. Sacrifices now pay off later.

@@kobelcofan It will pay off health-wise in the long run, too.

I make decaf iced green tea. Four teabags per half-gallon pitcher. The tea bags are $.03 each at Trader Joe’s. I drink one pitcher per day.

Wow! Very impressive.

I thought the same thing "we were only making 165. Boo hoo"

These days thats not that crazy. About middle class lots of places.

@@mikec.4343 Depends where you live man. Living in CA making $280k annually means we only can afford a $550k condo in a not great neighborhood 1hr from the beach. If my wife and I moved to another state we'd make $135k probably.

@@markgiese9175”only afford a 580k condo “

@@markgiese9175 you can afford quite a bit more than a 550k condo on a 280k salary.

She said the engine locked up. I think they just never changed the oil lol.

So your car is far more valuable to you than $1500, but to someone else it would only be worth $1500. Keep that car and use it's value to build wealth. You have a great mindset, keep it up.

@@High5748 -Or even checked it!

$1,500? You must drive a jalopy. Even a 1999 Toyota Camry goes for at least $3,000 nowadays

@@michaelb.8953 That's why auto wrecks stink so much. Even assuming the insurance company gives me fair value for the totaled car, it's not the same as a car that I took care of and drove carefully.

Agree with the money they make they should be able to retire at the age of 50 and enjoy life while at it but they can’t handle money so they will be broke forever

Yep pathetic

Keeping up with the Jones’

I make the same kind of money. I live paycheck to paycheck because I live in a suburb of nyc. They have NO excuses. Kansas City you should be able to buy a 2500 sqft home and two brand new cars with what they are making. I know because I make it. Can’t do that in ny though lol. Average mortgage payment rn in New York is $6k a month.

None of the tracking matters when one had more than enough money despite buying.

Yes😊😊

Why anything is possible. I used to live with a guy that could not budget to save his own life... And he was very poor making about $600 per month.

Depends on who you're eating out

​@@ChrisMFlorida wendys.

​@@ChrisMFlorida 😂

You're the exception and not the rule. As of last week, Jade told someone to get a 2k car during a rant.

My son recently inherited a 2002 Matrix with only 18,000 miles on it from my father. The car looks brand new. He is going to give it to his son.

Toyota Matrix is horrible, cheap quality can. I helped my friend to purchase one few years ago, and I wouldn't drive it for free. There are plenty of comfortable reliable cars at slightly more expensive price

@@davidkazakov6232 That may be, but it is a free car for my grandson. He can’t beat the price. My father drove all he wanted to, but he lived in a small town and everything was very close, hence the low mileage.

They do not make 15K a month. We make $270K without bonus and it’s more like 14 IF you do 6% in 401K with maxing out 401K it just is 12K.

@@Mkay999 still. Kc is so low in cost of living, blowing 14k a month is still wild

Again you’re missing the point…we make nearly $50K more than these people so there’s no way they make 14K. They prob make $12K and after 401K more like $10K. That can go fast with a mortgage and car repairs. It’s not that much

@mkblazy I'm not going to sit here and argue with you over YT.... this individual agreed to making and blowing $15k a month in KC. THAT was why I made my original comment. There's really nothing underlying there. Honestly, you're very much coming across as a monetary know-it-all, which is a weird flex for a non-divisive comment.

The fact that you take it like that lol I’m pointing out the fact they likely make over 30% less than he predicted which is a huge salary discrepancy, and you can understand where they’re coming from more. But nooo you just take it as I’m a know it all vs “wow that’s less than I thought with that type of salary .” Sometimes the point just goes right over ppls heads and illustrates why salary gaps exist lol

Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks

@@lennoxmutterick6434 However, if you do not have access to a professional like JUDITH ANN PEACE, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments

@@PilouBen Oh please I’d love that. Thanks!

@@lennoxmutterick6434 Judith Ann peace is her name

Lookup with her name on the webpage.

😂😂😂My hubby & I are the same way! We don't even go out to nice restaurants - just Chipotle, McDonald's, take out was wasting SO MUCH $$$

I'm not making excuses, but I get it. If you have a dual-income household (which society has more or less been forced in to, to remain middle class), particularly while trying to raise kids, the amount of time it takes to sit there and cook 3 square meals a day from scratch just isn't there. This is a generational thing our grandparents and some of our parents can't relate to (in general of course).

if you spend 150 dollars a night eating, it adds up.

@@critterdude311 We just cook once a day. Breakfast and lunch are just something quick.

@@critterdude311 Cook and freeze double batches of things on weekends.

Oh snap!!!!

Nah, they paid off their credit cards.

A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

@@Curbalnk Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.

@@Shultz4334 I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

*Heather Ann Christensen* is my advis0r. She has since provided entry and exit points on the securities I concentrate on. If you want to check her out, you may do so online. I usually trade in accordance with her strategy

@@Shultz4334 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

90% of Americans just think of their income and not their expenses so they think they can't be broke with a high income.

@@SteveC484 Right but it should be obvious that income and expenses all count because money is a limited resource.

My strategy is to buy almost-new like 1 or 2 years old, so it still has at least a year or two of warranty left on it, and it would have already taken the big initial 20-25% depreciation hit.

If you buy Honda, Toyota, Acura or Lexus you’re better off buying new and if you plan to keep it long term.

I stopped buying used cars in my early 30’s. My net worth keeps going up nicely. Dave’s rule of thumb re. Used only until $1m doesn’t make much sense.

@@patty109109 Totally agree. its ridiculous.

I am pharmacist and I barely make 70k net.

@@chiragmehta8212 I’m an entry level design engineer (no degree) and my wife is a veteran hairstylist of 17 years (unfortunately with our kids she can only work weekends.) We pull down about 72k net as well… I couldn’t imagine rocking that much in under 5 months. Then again, a lot of RU-vidrs out there make far more than that… This Dave Ramsey Show brings in roughly 70 grand a month here on RU-vid… (and that doesn’t include any sponsored content or merch sales)

So you love everybody basically

And a woman. Be honest.

Calling to the show and not knowing about steps… 🤔

She also had a humble attitude.

​@@djpuplex go to therapy.

Nate he’s right if you have ever listened to Dave Ramsey you know this.

She looks better with her hair done like that.

​@@front331 I like her curly and voluminous style-just the way it grows out of her scalp.

y'all are thirsty

@@mrbean7888yeah I’m not a fan of her lol

@@briankelly7978sometimes she doesn’t give reasonable solutions, her & George are always so quick to say get on a budget 🙄

It's amazing how budgeting can be more essential than one's salary.

lol......right

I want her financial problems.

Probably spoiled, daddy had money 💰 and after getting married, they took the oath of poverty at 225K 😂

These are the people that don't feel the inflation. To them $9 eggs is just an inconvenience. Edit: I know a retired Boeing engineer pension fuck that doesn't think $3.69 gas is a problem.

"Ignorant and entitled" should have been the title to this vid.

My parents were like this. Although I think most people need a budget, it's possible to save a ton if both husband and wife are on the same page about saving.

I earn about the same myself, single income, family of 4. my home and rentals are all paid off, we spend less than $5K a month. I budget everything, never impulse anything. Just bought my wife a $51K Lexus Hybrid SUV last month, in cash. Most important part, both spouse has to be on the same page.

@@jml9550 Congrats, I love Lexus hybrid suv.

@@ToOpen6seven thx. Love 40MPG and 500+ miles per tank. :)

Do you have kids?

I’m both a dividend and growth investor and there are Great dividend stocks out there! The trick is to diversify and put in enough to where you actually get good dividend payments Monthly. I made my first million from repositioning and rebalancing my stocks using a full-service broker so I invested and reinvested my profits.

@@lisajenkins4793 That sounds great and what signal do you invest with?

​@@user-qk9ro8rp8t I have copied trades of a financial adviser and portfolio manager Alice Marie Coraggio for over a year now, she is quite dexterous. Although this is done automatically I have been able to learn a few tricks to help me trade on my own. She takes a performance fee after you have made profits, her style of trading suits me perfectly and I recommend her to you.

@@lisajenkins4793 Oh i would love that

@@user-qk9ro8rp8t 'Alice Marie Coraggio " .Lookup with her name on the webpage

Where in MO? The suburbs are filled with 700k homes and 2 brand new vehicles sitting in the driveway. The kids are walking around in name brand with the new tech. The land that's not poisoned with agent orange by products or some other BS is like 100k and acre. Not only that but in MO we pay income taxes (every check), personal property taxes (every DEC), and mortgage/lot taxes (every DEC.) It's expensive even with a 100k+ income.

Agreed.

Yep, I make $200K and take home around $11K…..

You are a liar. Your federal income tax rate is 24%. So that would mean your state tax rate is 17%. There is no state, not even California, that taxes that high. LIAR

I'm in Canada, so it's worse, but yeah. We make closer to $250K between us and take home less than $150K. A lot of that is her pension contributions and my automatic RRSP contributions, but still, a lot of it is just taxes. Especially if you have one high earner up here every dollar over $100K is like 40% or more taxed.

@@alanj9978 I am in California, between our Federal and State income tax, it is close to 40% being taken. Thank goodness my home and rentals are all paid off, otherwise it is a HCOL area to have a family.

My husband and I live on $42k a year and only have mortgage debt. No kids. Credit score is at 824. We had one car for a long time and saved up and bought Hondai for $14k in 2021 cash. We don't do car payment. We take one week vacation a year and have 6 months expenses saved. We live in our means or even bellow.

That doesn't qualify as "not evil, bad, or lazy"

Taxes weren’t given. The government earned that money.

Ukraine. It went to Ukraine.

@@katysudlow7334 but why would we want to donate merchandise to a place that is eventually going to come under Russian control if we don’t want Russia to have merchandise. Shouldn’t our people have our merchandise

@@katysudlow7334 I should probably just be happy that Russia hasn’t started shipping their merch to Mexico yet. Live in the moment

This 100% a LOT more comes out of those paychecks besides taxes especially with a family and kids. I make a bit over 250 and I estimate about 13k take home after taxes, state taxes, and insurance, retirement, numerous insurances, FSA it goes on and on.......

Buy what you want and pay it off. You don't have to follow every jot and tittle of what Dave says. I had a 2022 BMW x4 m40i -- approx $80k. Yes a lot, stupid yes, but it is now paid off in about 1 year and 5 months. I am broke, yes, but I have no credit card debt and now a paid off car. My mortgage is next, but I have to get 6 months of emergency fund saved first. I have a son with two more years of college - engineering student- so yes, I follow a lot of what Dave says, but he is not God! The biggest thing Dave taught me is it not just what you make annually, but what is your net worth that determines your wealth. I never looked at my income vs my net worth. If I don't own any of my mess, even if I make 500k a year (which I don't lol), my net worth is $1! That motivated me more than anything else to get out of debt as quick as possible, while I make a decent income. If something happens to my income, look at what I have accomplished - debt free except for my home (for the most part) and because I threw a lot of money at the principal, look at how much I brought the balance down -- which mean more equity in my home if I were to sell it.

I heard him tell someone yesterday to get a 1k car and I just don't think he realizes those don't exist.

​@@Bigbilly-ms9bn I bought a miata for $800 off copart and spent about 200 on tires and brakes..

@@Bigbilly-ms9bn 1-2k you’re just not looking hard enough. I opened Craigslist for 1 min and found some for 1-2 k. If u live in a small town gotta go to a big city to find them. It should only be temporary

You need to factor in a couple of things though. They mentioned they are not car people and it makes me wonder if they even had that car looked at before purchasing. If they bought it from a dealership and it's locking up 6 months later they should have been able to take it back.

Good point. There aren’t many.

Don't bring home

It goes. I make 215k. I’m left with 12k after taxes, a basic health insurance plan and call it 5% retirement contribution. Uncle Sam and the corrupt state of New York take a lot. You’d be surprised. My wife and I pay $650 per month just in tolls from bridges. Another $450 in gas, $2400 in rent (which is one of the cheapest in my area), $200 a month car insurance, $1200 in food for two people monthly, $837 in car payments (for a Hyundai and Subaru. Nothing special) and the rest in occasional car maintenance, clothes , utilities, let’s call it another $500 per month between all those things. That’s almost 6k right there…. So idk. Blame the corrupt and mismanaged MTA taking a very big chunk of toll money.

​@@Legoman69469 Dude, that's not a good example of "it going" especially compared to hers. Think about it, not only is your $6k counting your wife's expenses, but you also attributed your retirement contributions. That's not money spent, that's money invested somewhere to get to later. Since you said, "I make" then you're still doing really good for the money you net, if the $12k after taxes is what you're solely bringing in. In her situation, we're talking 2 people, $15k, no-low car payments and from the sound of it, she still doesn't know where money is going to put into savings/retirement (I could have missed that part, but even if she is putting some away AND had all of your same expenses, her and her husband would still have too huge a gap of missing money, coming from $15k a month even after taxes.)

@@Legoman69469 add that up even after you do thats a lot of extra money from 215 k a year lol i make 75 and live just fine lmao if you eat 1200 worht for 2 peaople you have a damn eating problem lmao i have a family of 3 and only spend 500 a month lmao

You don't know what kind of shape she's in.

@@jimmymcgill6778 I mean financially lol

@@jaynez9027 I am too. Just because they spent 8k on a car, does not mean they are broke.

To blow that amount ever month and not know where it is going!? .....I don’t know. I think they deserve a what the heck.🤷🏻‍♀️

One of my good friends is a wine conessiuer, he'd never pay $500 or any amount close for a bottle of wine.

No matter how rich I was, I couldn't bring myself to spend that much on a bottle of wine. I would feel so guilty!

$50 bottle tastes just fine; the rest is just flexing.

I wouldn’t pay 10 cents for a bottle of wine. I am 64 and have never taken a drink. Alcohol destroyed my family and childhood. That stuff is poison.

@@lisabaltzer4190 👍

Not true. You're ignoring several factors like food deserts, disabilities, lack of reliable transportation, dependants, location.. 80$ a month is not feasible for most people. Starving is also a ridiculous extreme to prop up your argument with, no duh nobody is starving to death but having access to just enough to survive shouldn't be the metric. A well balanced diet should be which is not sustainable for EVERY American

I agree! I have serious food allergies with all legumes, grains, citrus and preservatives from canned food and I have to buy fresh meat and eat lots of vegetables. It’s VERY expensive. I hate to spend a lot of money on groceries and I have a lot of debts and I wish I could increase my income too but I don’t have enough education and I don’t want to take extra student loans to pay for schooling.

Or responsible.

What happened?

I agree, she was great! I didn't realize either that she had moved on.

All these women do is laugh at his jokes. He is being distracted and laughing at peoples problems.

They only need one token.

Totally forgot about her and that’s exactly why she’s gone lol

Don't lend them anything then they will learn