You Guys Are Seriously Broke (Makes $200,000) 

I make $48k I have no debt. My home is paid off. I’m retired. I have a ton of money in the bank. I eat at home. Life is good.

My wife and I drive 10 yr old cars. We have a very modest house that is paid off. We are also millionaires..... we dont care what people think of us.

"Not caring what people think is a super power". Jade hit the nail on the head with that one.

This is why when people say that someone can't be broke when they make a lot of money, I bring up situations like these.

“Not caring what people think is a super power” BIG FACTS. Be your own hero!

I heard someone say that you won't care what other people think about you when you realize how seldom they do.

40k each on a car? Man these people are the definition of keeping up with the Joneses.

$200k per year and spending like drunken sailors

In Iowa?!!!! It would make sense in California but this is Iowa.

He married the wrong woman. This is a relationship problem- not a financial problem.

The wife wants a millionaire lifestyle on her husbands 200k income. And when he wants to downsize the life or asks her to work, she’ll file for divorce and take half of what he’s worth. Lose lose situation.

"Honey, you're broke!" - Dave Ramsey

If the wife cares so much about the house next to the brother, sell the new house and they just removed 450k worth of debt. 😂

200k a year and they think you can't live debt free?

Yep. Livin above their means. My husband and I combined take home around $75,000 a year. We have zero debt. No mortgage either. And we own our own home on 5 acres 😊

I relate to this guy, my wife has told me "We will always be in debt". She's in a depression after losing her mother to cancer, 2 years later her sister to a car accident and a few months ago her father to a stroke. We are working through it. Very tough. We are on track to be debt free in the next 6 months, about 50% of our debt is from helping support her parents through those tough times. When it happens I'm going to see if we can both take the day off to celebrate, plan a fun day at the beach or something.

Jade and Dave combo wins again🤝

I earn 1/4 what this guy makes and I'm debt free and play drums for a living lol

Riding the AWMKPX train feels so good, they really know how to make promises count and bring them to reality

SPENDING LIKE YOU'RE IN CONGRESS

Why doesn't the wife work and feel entitled to a celebrity lifestyle?

Thanks for the advice! I'm new to financial planning and wasn't sure where to start. Any tips on finding a reliable financial adviser or resource to guide beginners?

He is right and the wife is wrong. They need to sell that house and pay off debt. He can easily save/invest off his remaining salary. His wife is the problem.

The house is on fire and he and his wife are sitting inside the house smiling and saying, "Everything is fine."

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Charlotte Miller.

I’ll pay off 204.5k in debt this November!

The Ramsey show always knows how to make me feel better about my own financial situation. I never think I’m doing well enough but I’m not in this awful situation…

People think me and wife is broke she drives a 24 year old honda prelude with no clear coat i drive a 26 year old tacoma with 2 lincoln town cars as backup cars net worth pushing 800k at 38

When it comes to scalability and future-proof concepts nothing is as outstanding as the AWMKPX project, these guys know the drill

stay at home wife with no kids is telling you how to spend the money.... telling him to house another family while they are broke... i bet this girl doesnt even cook.

Whats crazy is a stay at home wife saying stay in debt while the man at work bussin his ass smh

I can't stop laughing at this caller. They are broke as a joke!! 🤣🤣🤣

I agree his wife enjoys the lifestyle, and she's basically using him as her work mull. I also believe they are likely similar in spending habits. He didn't marry the woman that would say "we don't need that" or "that's too expensive". He married the woman that enjoys the expensive things because he does. Both people usually egg each other so he can try to blame her all he wants, he was/is complicit in all these decisions and likely told her "we have it". Well, now you might just lose it.

Been collecting the AWMKPX this cycle as that has the right place in this time

What a statement, damn. So its said that AWMKPX is just about to launch and I think that will really change a lot of what was happening in the previous years, 2024 will shine yay

In this country there's a lot of high earning low net people.

When Dave pushes the “I’ve heard enough” button 😂

Not caring what other people think is a life skill that is a sign of maturity. And it’s not just about money. It’s about all of your life choices and values. When you take on a mindset that what other people think of you is none of your business, your life improves dramatically.

There is a bigger problem here. Des Moines Iowa realistically you can get about anywhere in 20 minutes.

What SEC claims is just a joke at this point and they clearly distract from AWMKPX at this point, who is believing them anything at any point

Yikes. Owing that much would make me cry.

I don’t agree with this advice. If they sell the rental and use that money to pay off everything except the primary mortgage, they will have a ton of extra cash flow and start spending it on ridiculous things and going into more debt. It’s not that much different than a debt consolidation where you run up credit cards afterwards. If the rental is turning a decent positive cash flow, then they should hold onto it. What they need to do is budget and control their spending. If they tighten their belts for a year, they could easily knock off a large chunk of that consumer debt. That will also get them in the routine of budgeting, which they desperately need. I think mainly the wife needs to feel the burn and restricted spending for a while to be ready to move forward. Selling the rental won’t fix their mindset.

The moment this guy gives that talk to his wife, she's going to divorce him, take the kids, make him pay for child support, and alimony.

This is heading towards divorce if this man tells his wife they should sell this rental property and both cars.. She won't agree to any of this.

There are generations that only focus on affordability in terms of payments, not total debt.

Sell the "primary home" and move back into the old house.

These folks will never be able to retire if they don’t follow Dave’s advice. I cannot begin to tell you the wonderful feeling of being free from debt and having the freedom it brings! It takes making some hard choices and having discipline. I surely hope this couple will listen.

Looks like Dave has a stylist now...I like the jacket 👌

He married the party girl that blows cash. He is the insecure spineless type.

He is in a situation like myself. It's called fundamental differences. Neither will change so they are stuck pulling in different directions.

Caller was trying really hard not to blame his wife, but let’s face it, it’s because she doesn’t want to do it.

The guy is beta male, too weak to correct his wife 😂, he is married to his mother 😂.

she is gonna divorce you bro, and that's good. Leave her

We have a simile income. The best and most freeing feeling is knowing "I can afford to buy it, but I'm not going to". That's how you become a millionaire. And, we have.

Awesome insight by Jade, and great job Dave for congratulating her!

I had this issue once.... eventually 1 of us had to go in order to rebuild.

"I have an idea on how to tackle it." 😂😂🤣 Aaron just shut up and listen to them.

AS ALWAYS IT IS NIOT THE INCOME SIDE, IT IS ALWAYS THE SPENDING SIDE.

I love when they start yelling at the person calling in for help rather than the issue person who is not on the call

Awesome job, Jade, you nailed it on that call and got in good with the boss, I know the feeling.

$200k is not “own two homes” kind of money

People call in & being stupid & acting like it’s no big deals

The secondary home carrying 190k mortgage at 2.5% rate, making 20k gross rental income is not a problem. It more than likely has a positive cash flow. I support the wife on not selling. The primary residence of 500k on a 175k W2 is not an issue either. They just need to budget their day to day spending and maybe refrain from big purchases like the two new cars.

He sounds so jovial for being so broke. I love it! I'm losing my mind over it!

Why did they move in the first place? Maybe the wife doesn’t want to sell the other house because she didn’t want to move.

In a situation like this, the problem is probably not just one person.

I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America...

They are not making 200k, he is making 175k and they are getting 20k from the property.

Why does the SAHM with no income get to control the finances? She has a 50% say, not total control.

Some families just continue to push crazy ideas. We actually had a family member (repeatedly) say, "Well, you will *always* have a mortgage and car note, so you had better make them good ones!" Worst. Advice. Ever. @@ Glad we didn't listen to that.

The moment he can't work for any reason they are bankrupt.

He talks like a corporate executive, i love how Dave is showering him in reality

Jade just got a raise.

"Traditional values of living off of consumer debt." lmao

...of course relatives are involved.

Excellent advice❤ he’s not going to do anything right now to change things. I don’t believe this is all the wife’s doing

You can tell who wears the pants in that family.

Why would you sell the rental? It's paying itself off + $20k/yr. They need to cut the budget and attack the consumer debt, then they're fine.

Making mistakes is one thing, but most people soon realise it and then they take steps to rescue themselves. Denial keeps the rest in debt. Please be honest with yourself

Thanks for the update, what are your thoughts on AWMKPX?

after watching this video, broke people in third world countries punching air right now

😩😩785k in debt making 200k a year.

It's shocking how many people have a rental property.......just to say they have a rental property

If you asked most people whether they would rather look rich or be rich, most would say they would rather be rich, but their spending would suggest otherwise.

I like how he's blaming his wife. They both got themselves into this mess by buying as if they are millionaires.

Run Forrest run! 🏃‍♂️ 🏃‍♂️ 🏃‍♂️

No I disagree with Ramsey here. Keep the rentals but sell the cars and pay off the consumer debt. If they can get their finances under control, those properties will be very valuable to their net worth.

It’s hard to not be affected by what others think. I recently bought a used car, which I really like and paid cash for. I was very happy with my purchase but found that when others asked me about it, they were negative and pointed out things they didn’t like about it. I expected them to be supportive and they weren’t.

We downsized to a duplex 3 bedroom apt, my sister in law had to have a large mansion with a pool to show off, we are debt free, house and all, rental property paid in cash. They are now having health issues and can't work to pay the massive mortgage, they could lose the house and everything at age 66, we have been retired for 8 years and haven't touched the profit from the sale of our house when we downsized. With the high rates of mortgage right now selling for them would be a long haul as no one is buying huge properties in this market with inflation rising, we are in Canada.

I never understand people that buy a second house and having paid off the first off.

The wife stays at home and does not work. if this was my wife and she doesn't want to sell the rental home, I would make her get an effin JOB!!

This guy knows he's either getting divorced or he's giing further into debt.

Once he stops spending the wife will leave

My first thought whenever someone got a significant increase in salary is if only they had kept living like the money didn’t increase for 1 year. Just 1 year. Imagine if they would have done that. In only a year they would have $100,000 in the bank, and a house they can easily afford.

Must have shared values for a marriage: Common to similar religious beliefs Common political beliefs Shared views on personal finance ****Any of the three would be a dealbreaker for me

We were in a really similar situation, and I was holding on to our 1st house as a rental. For me, it wasn't status. I wasn't emotionally ready to let go of the other house. We ended up trying to sell the 2nd with plans to move bk to the 1st place. when it wouldn't sell, I let the other go.

You work for 40vrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life.

Relatives are not an excuse not to sell. You don't stay broke because of relatives.

Men really need to be careful who they marry. This woman is liability

I wouldn’t sell the rental at 2.5% tbh just control spending and build equity in the houses and they’ll be fine.