"You're Doing Things Backwards, Kiddo!"

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27 окт 2024

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Комментарии : 265

@kyleelgin457 Год назад

This is why I love when Dave is on the show, no tip toeing around just immediately gets to the point. Part of me wishes it was just him doing the show like he used to do

@wewhoareabouttodiesaluteyo9303 Год назад

Honestly, most businesses would be better quality if the original owner was still running them. Corporations like McDonald's and Walmart went into the trash because the owners were sellouts. Kill off your business when you know you are getting close to retirement.

@1966Corvette Год назад

I'm with you there. If I don't see Dave on the show I don't watch it.

@ystebadvonschlegel3295 Год назад

Show is going to fail when he leaves, no doubt in my mind. None of the alternative hosts even comes close.

@MultiTlp Год назад

I like Jade and George, Baloney and Ken get too preachy and the show turns into a therapy session.

@chrysopigilazarakou5113 Год назад

Μe too! Not that i don't like George and Co. but Dave is the STAR!

@TheDjcarter1966 Год назад

It just boggles my mind why everyone thinks they need $40-75k worth of vehicles in their driveway costing them $600-1000/month.

@terriesmith2616 Год назад

I have a $45K car but it's paid for in cash. The average new car nowadays costs about $48K. New cars are expensive now, it's not like it was before, and I feel if people can't pay it off in a year or a year and a half, then they shouldn't be getting a new car. Or even a used car that cost $45K. Get something that's about $10k to $15K.

@noecazares2144 Год назад

60k70k for a tahoe is too much. That's what I would pay for an escalade though.

@reese85 Год назад

That’s really not that much in cars but you guys gotta stop acting like we all wanna live the same lifestyles! If your ok with cheap car, that’s ok for you!

@tsaunders4684 Год назад

@@reese85That is to much for their situation based on the numbers she provided.

@reese85 Год назад

@@tsaunders4684 it’s really not! A 400k house is not really a lot of money and mortgage payments are anywhere from 1800-2200 a month! A lot of ppl pay that and some just to rent and other than that! They only have 62k worth of other debt and they have money left over at the end of the month that they throw at the loan! So it’s very manageable

@buddykerr1 Год назад

Dave: "You have to sell the car" Every caller after they hang up: "Nah, we ain't doing that"

@benkelley6561 Год назад

Lol I know right?

@LiefLayer Год назад

And that's why they are still broke.

@officerahmo Год назад

Honestly, the car is not that big of a problem in this case. it's less than 50% of their income.. they just need to manage better.

@rayhill5767 Год назад

I work with an 18 year old kid with a $80k truck note and a kid on the way. 60% of his take home per month

@actuallyterry Год назад

@@rayhill5767 🙆‍♀️

@dacokc Год назад

I don’t think she understands how steps work…

@itsandrew8758 Год назад

Giving them the benefit of doubt here. I think she learned about Dave while already in this mess.

@wewhoareabouttodiesaluteyo9303 Год назад

Females do not take steps. THEY MONKEY BRANCH! ;)

@DJHesterman Год назад

I'm a financial planner and I had almost this exact same conversation with someone today! They also couldn't get over the fact that they owed more on the car than it was worth and were looking for a shortcut by paying it off with 401k money. Wish I could say it like Dave and smack some sense into them

@MikeThePike316 Год назад

Do it.

@KENTUCKYUSA1 Год назад

This is Dave at his best!

@RJRussoVids Год назад

Amputate the Tahoe! Been awhile since I heard Dave say that. 😂

@yarrdayarrdayarrda Год назад

The caller is complicit in the purchasing of the Tahoe. It's not ALWAYS the man's fault.

@stevengtv Год назад

They won’t get rid of the truck. People have way too much pride and “status” in their vehicles. So glad I don’t play that game.

@buddykerr1 Год назад

Agreed. Zero chance they are selling the show off toy.

@wewhoareabouttodiesaluteyo9303 Год назад

I am actually surprised at how many people have trucks. Why not get a more energy efficient vehicle?

@jimmymcgill6778 Год назад

@@wewhoareabouttodiesaluteyo9303 Trucks are better in a snowy winter then a car.

@wewhoareabouttodiesaluteyo9303 Год назад

@@jimmymcgill6778 Yeah, but if it keeps you in debt to do that....

@jwlsngold5026 Год назад

@@jimmymcgill6778 I don't think this is totally accurate. If you would consider my Tucson a truck then I might recant my statement. Here in the PNW it is usually the trucks you see flying down the road being oblivious to any other drivers, bald tires, and thinking it's fun to "wiggle" in the lanes just to see the truck let loose and ping pong off of the curb. Yep, seen than happen way to many times!! A vehicle is only as safe as the driver behind the wheel. Is a truck safer because anything it hits will most likely not cause any body damage, but decimate the other vehicle?

@linuxsurfer2002 Год назад

The number of times that Dave pointed out she had a $40k car she couldn't afford, and it never fazed her.

@DoctorSmartyPants Год назад

Boy, I know how this goes. When my spouse and I were building our home, we were constantly making cash purchases as we went along for things that were not in the original construction loan. Example: we estimated 5k for floor covering. When it came time to put our flooring in, the cost was like 2 k more. So, we had to come up with cash for that. It is difficult to estimate and control your building costs. And I would bet this is a major part of caller's stress. They should sit down and work out on paper what they agree to cap these overages at and on what. Caller is feeling like they are on a run-away train.

@johndone8045 Год назад

Theres always extra when building a house, cant have a fix budget

@adamseidel9780 Год назад

Any decent construction budget has a contingency account within the budget. Sounds like they’re trying to do it themselves without management without knowing anything about what they’re doing.

@DoctorSmartyPants Год назад

@@adamseidel9780 I agree!

@sblijheid Год назад

That's why they need to ditch the Tahoe. They need the cushion just in case.

@kfitz192 Год назад

@@sblijheid But what will the neighbors think?

@topsykretts2264 Год назад

Example of buying a home when you’re broke and not ready

@reese85 Год назад

They did absolutely nothing wrong

@westsidesagittarius3103 Год назад

They built a home which is worse

@sblijheid Год назад

Exactly. They should've gotten rid of all other debt first and save money for unforseen costs, and then get the house. Makes you more prudent to the bank too.

@DavidWilliams-vc2ms Год назад

She isn't doing baby steps, she is doing the TWISTER board game type steps lol

@kstar1956 Год назад

😂😂

@lot2196 Год назад

We have a household income of $120k annually. I couldn't imagine paying $50k for a truck and $400k for a house. I wouldn't spend $50k for a vehicle now and our house is paid off. Edit - And our kids are all grown up and out of the home.

@TheRealEdStoner Год назад

I would bet a lot of older non millionaires probably owned a lot of $50k car during their life’s.

@woodysrockspyro6436 Год назад

I have two 50k cars... but no debt. No payments. Probably make around that. The car cost doesn't get crazy now if you can have that money tied up and keep getting a new one every few years.

@user-jy7yw5kw3w Год назад

My thoughts also. We make around the same, biggest car purchase was 12k and house was 250k and we thought that was expensive 😅 I can’t imagine stretching this much.

@reese85 Год назад

A 400k house is not expensive

@woodysrockspyro6436 Год назад

@@reese85 no one says it is. Just to much to finance for 30 years for someone making 100k. Just cause you can doesn't mean you should.

@genxx2724 Год назад

Dave says the only reason he and his wife didn’t divorce was because they couldn’t afford lawyers.

@maryfields1382 Год назад

I have a friend who says divorce attorneys are expensive, because they're worth it!

@aboutwhat1930 Год назад

@@maryfields1382 The only ones that walk away with anything good in the divorce are the lawyers.

@screwdriver_bandit Год назад

😂

@Dark_Souls_3 Год назад

Less than a minute in and Dave has has finger on the mute😂

@derekrank4572 Год назад

cant believe people with over $100 k income. have these problems...imagine how difficult it would be if you only made $30k

@bmbott123 Год назад

The more you make the more you spend

@elbarto9458 Год назад

400k house, 62k in loans and 120k income. Crazy.

@reese85 Год назад

What’s so crazy about it?

@KS-cl8br Год назад

Yeah 240k max house after equity and max for both cars 18k to 36k

@jimmymcgill6778 Год назад

And the problem? She said her husband would drive this truck into the ground. We don't even know what he does for a living. Maybe he needs it for work.

@MrJimmy3459 Год назад

@@reese85 Thats not enough income for all that, that's what's crazy

@reese85 Год назад

@@MrJimmy3459 besides the house they only have 62k in debt on a 120k income and they have extra cash left over at the end of the month! So it’s not as bad as your making it seem

@theplaintiff5450 Год назад

Classic suburbanite in the US. Massive amounts of debt, paycheck to paycheck, but man do they “appear” wealthy.

@cody5596 Год назад

120k a year gross taking out a 400k mortgage. Yikes. I couldn’t imagine owing that much on a house making that per year.

@johndone8045 Год назад

Oh well mines 150k annual having a 530k mortgage, welcome to new york

@ystebadvonschlegel3295 Год назад

@@johndone8045 why so many are moving out.

@johndone8045 Год назад

@@ystebadvonschlegel3295 i wish more people move out of nyc so its less crowded for me haha

@GordoDustin Год назад

400k on 120 a year is pretty normal. Your mortgage would be probably 30% off your income.

@ASimoneau Год назад

Caller: "I feel like we're doing too many Baby Steps at once." George: "How many are you doing?" Caller: I feel like ten or eleven." Dave: "........."

@amydoran9987 Год назад

I love when he asked her, your husband loves the stress. She has no sense of how to live without debt.

@jimroscovius Год назад

The house-building should have waited until the debt was gone.

@terriesmith2616 Год назад

I agree with you 100%. I wouldn't build a house if I still had debts. Building a house is a luxury, it's not a necessity. Building a house while still having debts is just asking for stress.

@woodysrockspyro6436 Год назад

Only making 120.... and building a 400 thousand dollar house is nuts. 🤮

@aolvaar8792 Год назад

@@terriesmith2616 In 2010, $250K houses on my street sold for $50K, Fannie Mae foreclosures. Good thing, I didn't say "I will wait till I am out of debt."

@terriesmith2616 Год назад

@@aolvaar8792 The difference is the price. You didn't buy in a price range that's completely too high for your income. That's the difference. These people are BUILDING a house. Building will always cost more than buying an already finished product.

@reese85 Год назад

@@woodysrockspyro6436 it’s crazy how many ppl in the comments think 400k is a lot for a house

@chuckiedavidson719 Год назад

It sounds like if they sold that Tahoe their life would be so much better. If that Tahoe gets gone they would probably be able to pay off the rest of the debt before the house is completed and be in way better shape.

@wewhoareabouttodiesaluteyo9303 Год назад

"It sounds like their life would be so much better if they sold their Tahoe. If the Tahoe was given away, they would probably be able to pay off the rest of the debt before completing the house. They would be in much better shape."

@tedfisk1211 Год назад

She really isn't into the solutions that Dave is presenting and she is going to hang up and not change a darn thing. It is sad.

@wreckingopossum Год назад

Sell the truck, sell the civic. I very commonly see 1990s Civics and Chevy pickups still running. They don't even have to get cars that old. Something just 2-3 years old they could pay cash for the same cars with their incomes. Boom! Cleared $50k in debt.

@kstar1956 Год назад

Classic example of living ABOVE your wage!

@rodneyevans8362 Год назад

When some people are accustomed to being in debt they are comfortable in their situation at all times.

@thadiesel7655 Год назад

Been there, done that.. but i feel i wasnt making the money to get out of debt. Ever since i made a career change, I've been debt free and love it.

@jwlsngold5026 Год назад

Until the wolf comes! Also, people don't understand the "Risk" Dave talks about, if we did most people would get out of debt ASAP!

@woodysrockspyro6436 Год назад

People like being slaves. It gives them purpose.

@JustinCase780 Год назад

@3:12 Papa Dave does a "vee-hickles" drop!

@sammorreale3372 Год назад

The husband won't let her get rid of the truck!

@HumblePie5221 Год назад

This was me in my 20s. Great advice given to her!

@robertthompson5908 Год назад

They make 120K per year in gross income and they have 50K in car loans?!! That’s crazy stupid. She seems clueless.

@RichTalk_nikRich Год назад

He’s walking around & a bear is getting ready to get him … 😂 yes dave

@IgoOutlateAtnight Год назад

"She is probably smarter than you are" at 7:18 - Dave regarding wives vs husbands

@wewhoareabouttodiesaluteyo9303 Год назад

"For it is the husband that will sign up for THEEs FPU.. Thanks for calling the Dave Ramsey show..."

@djpuplex Год назад

Yup Ramsey's solution is to always trash the husband.

@dpeagles Год назад

Yeah, he doesn't know what modern gals are like

@untouchable360x Год назад

“$400k to finish her house? Give her the buzzer.” CGA

@johndone8045 Год назад

Building an entire house for 400k isnt that expensive

@tsaunders4684 Год назад

I love watching CGA. His content is great!

@TheDriller100 Год назад

120k and building a 400k house 😂😂😂😂. i make 200k plus and my house was 150k paid for long time ago

@ystebadvonschlegel3295 Год назад

400000 house 15 year mortgage payment will be around $3500 a month. They make 120 gross so maybe probably around 90K take home. 90/12 = 7.5K per month. They are spending almost 50% of their pay on a house plus they financed cars they can’t afford. I’m surprised Dave didn’t go after this.

@johndone8045 Год назад

Dude u are lucky to make 200k in 150k hood, dude what kind of hood do u live at????

@reese85 Год назад

Congrats but depending on where you live! Your house is prob very very very small

@daejonmoody3304 Год назад

“An excellent wife who can find? She is far more precious than jewels. The heart of her husband trusts in her, and he will have no lack of gain.” ‭‭Proverbs‬ ‭31‬:‭10‬-‭11‬ ‭ESV‬‬

@davidw2857 Год назад

Lose the Tahoe and stop investing. They missed that part. These guys are broke and you should NOT be investing when broke. I’d suspend investing until the house is finished and all the debt is gone except the mortgage. Sadly, probably too much house for $120k income.

@TerryOnDemand Год назад

Why can't she answer any of the questions with a straight answer😭

@BrianaBudgets Год назад

So frustrating. It’s like she didn’t prepare for the call whatsoever.

@andersonlynn3686 8 месяцев назад

I never understood why people take out construction loans 🤦🏽‍♂️🤦🏽‍♂️.

@linuxsurfer2002 Год назад

Isn't it crazy how many of these calls end up pointing back to an expensive vehicle?

@Winnie-Kay Год назад

My favorite duo. George and Sidekick Dave. 😄✌

@braziliannigga Год назад

Ppl trynna build a house w/ no experience is like trying to run a marathon w/ no training. Even for the people who CAN finish, it ain't worth it.😅

@John-bd9fj4435 8 месяцев назад

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@bobcostner2238 Год назад

making 120K a year and building a 480K dollar house????? why didnt the genius Dave Ramsey see this?

@marcenelj Год назад

See what??

@stevenbaxter5601 Год назад

And the house is to large. Large car/large house thing .....

@X9523-z3v Год назад

Where do they find these people?!

@oclayton1911 Год назад

Interesting how married couples call in but only one spouse on the call🤔

@codyhusbands1165 Год назад

120K income 400K house!?. Fancy cars they can't afford too completely insane

@SpoonHurler Год назад

Like most situations this was fine until an expensive vehicle was introduced.

@katyedwards3935 Год назад

Take FPU and learn how to do the baby steps in the right order.

@wrubiox1492 Год назад

She sounds like she’s not in a happy marriage/ no communication between them at all.

@Elizabeth-yg2mg Год назад

Divorce rates are very high for couples who are building or doing major remodels.

@shumatsuopost Год назад

Dave's opinion is always on point!

@KanaTron Год назад

this person.. getting direct answers from her is like pulling teeth.

@tylerhair9067 Год назад

Gross $120k and will have a $400k mortgage? That’s a bold move Cotton! 😂😬😵‍💫

@BrianaBudgets Год назад

Sounds like they’re building way too much house.

@taylortwinsandpreslie8662 Год назад

I heard $400k and thought oh dear. That's a big mortgage for $120k income

@glitterstarbeau Год назад

I actually convinced a client to sell his car

@grantguy8933 Год назад

Amen.

@9liveslisa Год назад

They are in a meteor crater!

@thadiesel7655 Год назад

If I was set on keeping the truck, I would be putting all my extra cash towards paying that off, and the civic. so once the house is built, I'll only have that debt.

@bgbell3049 Год назад

This is what Americans do when they think the paychecks are never going to stop.

@elicash315 Год назад

120 gross? Y’all are drowning in payments.

@genxx2724 Год назад

Live in the Chevy Tahoe.

@clarifyingquestions Год назад

Well over 20 percent - what is that 21% 0r 30%....

@jasonleatherwood2172 Год назад

5000$ lincoln town car and pay off all ur debt except the house then start paying on the house my concern is 400k to build a house yourself thats gonna be a 600k house by time its done if they are really doing all the work

@DoctorSmartyPants Год назад

Doubtful they will sell the truck. When you are building your own home, believe me, you need a truck to haul building supplies/utility trailer around. Been there, done it.

@martymcfly88mph35 Год назад

It's not a truck, it's a Tahoe. It's basically a luxury SUV.

@DoctorSmartyPants Год назад

@@martymcfly88mph35 hmmm. True. Was just going off what Dave called it.

@martymcfly88mph35 Год назад

@@DoctorSmartyPants true true. I mean it's not impossible to move certain stuff with a Tahoe. Or with a utility like you said

@tmusa2002 Год назад

It will look cool in their new garage tho.

@woodside4life Год назад

@@tmusa2002😂

@michaelanthony386 Год назад

Amputate the TahOE..lol

@Jim_Curtis Год назад

Dave is always quick to blame the husbands in situations like this when it might be the wives who complain about needing a bigger car for the kids etc No Ramsey spammers please. You will be reported to RU-vid.

@timothygibney159 Год назад

I guarantee it was his idea if it's a truck. Lol

@Jim_Curtis Год назад

@@timothygibney159 I agree, but a Suburban is an SUV and guys would rather have a Raptor for the same money.

@amireallythatgrumpy6508 Год назад

RU-vid doesn't care, wantwit.

@tmusa2002 Год назад

They are keeping up with the Jones’s and if the nice car goes, there goes the reputation!

@joeriveracomedy Год назад

Can build a half mil house but can't answer a basic question...YUBB

@StudPuppy947 Год назад

Keep the tahoe!

@mathew4239 Год назад

People that call always make big salaries 120k !!

@reese85 Год назад

It’s combined income and it’s not a big salary but decent

@mathew4239 Год назад

@@reese85 didnt hear the combined part

@seven719 Год назад

120k is very good if your single. However if your married, it's pretty weak. Your spouse needs to work a good job too in order to support children.

@danieljohnson4418 Год назад

I agree with the husband: keep the Tahoe, pay it off, and drive it into the ground. $120k income, $40k auto loan=not unreasonable or life changing.

@suem6004 Год назад

Until crisis hits then tahoe does not fix anything. Better live within your means instead if thinking you have an NFL salary

@danieljohnson4418 Год назад

@@suem6004: Define "crisis."

@shanep2760 Год назад

But they also have a $400k mortgage 🤷

@tmusa2002 Год назад

Insurance and license on a Tahoe is expensive too. They are about to be house poor so dumping car loans would be ideal.

@danieljohnson4418 Год назад

@@tmusa2002: Only if they follow Dave's advice and get a 15-year mortgage. 😉

@rbraxton00 Год назад

Whistling in the woods lol😂😂

@alrbredwall Год назад

I will never understand how people think getting a mortgage when they have other forms of consumer debt is a good idea.

@reese85 Год назад

Why not? Paying a monthly mortgage beats paying a monthly rent

@alrbredwall Год назад

@reese85 have you not been watching this content on a regular basis and seen the horror stories from that? If you can't afford to pay off your consumer debt then you are not ready for the hidden costs associated with home ownership.

@reese85 Год назад

@@alrbredwall there’s always goin to be horror stories for every situation as well as good stories

@alrbredwall Год назад

@reese85 you are missing the point. Just because there are potentially good outcomes to bad courses of action does mean that it is advisable to proceed with such actions. You are constantly coming onto these threads with contrarian opinions and so I am wondering why you keep watching this content if you don't like the ramsey principles. You must be coming here to troll.

@reese85 Год назад

@@alrbredwall im a troll cuz I don’t always do what Dave says got it! You guys act like his way is the only way to reach your goals or be successful in life

@deannagillett2186 Год назад

Dave, I think I’m a virtuous princess. A woman an be both🥰

@MrOfficer235 Год назад

Sell the baby steps

@jimmymcgill6778 Год назад

Nothing wrong with the truck. She should keep it. She said the husband will drive it until it stops working. So he will have it for decades. So what if it take two years to pay off, instead of one year.

@suem6004 Год назад

Not when you cannot pay your other bills

@jimmymcgill6778 Год назад

@@suem6004 They never said their can't pay their bills. Just because it takes a little longer to pay off then Dave like. Does not mean anything.

@reese85 Год назад

@@suem6004 they actually said they have money left over that they throw at the loan

@jimmymcgill6778 Год назад

@@reese85 And that extra can then be thrown at the debt.

@reese85 Год назад

@@jimmymcgill6778 it could and I think that’s what Dave suggested them to do

@jeremiahsmith450 3 месяца назад

Why call in referencing the baby steps if you have ZERO concept of how they work? Haha

@timothygibney159 Год назад

Americans love affairs with cars. Good God it's just a car. No more no less. They come and go.

@BobbyBrown23 Год назад

So you blame the man for everything??? I'm willing to bet she is the one who wanted the new house built.

@Elizabeth-yg2mg Год назад

How do you know? Seems like building would be guy thing.

@jimmymcgill6778 Год назад

So? You can do multiple things a one time.

@adamchavez999 Год назад

God said because, thou, hast harkened

@Exciteddelirium1 Год назад

Baby steps.... Not dinosaur jumps

@wewhoareabouttodiesaluteyo9303 Год назад

MONKEY BRANCH!

@lukeharris2622 Год назад

✝️🙏

@Gus_Chiggins Год назад

They are building a $400k house? Or did I hear that wrong I got confused by this lady

@mattschmitt9924 Год назад

Pretty sure they're building a $500k house and have $100k paid or earned in equity.

@DoctorSmartyPants Год назад

Construction loan is 400k.

@DoctorSmartyPants Год назад

@@mattschmitt9924I agree, except that the equity, assuming they complete the project, is not realized until the project is done. If the construction loan is 400k, and they expect to have built in 20% sweat equity by the time its done, it means the home would be worth 480k when they are finished.

@mattschmitt9924 Год назад

@@DoctorSmartyPants Yeah. That's how equity in real estate works. Depends on what way you do the math if it's $480 or $500 - you're just splitting hairs about a few minutes one sided call with someone that doesn't understand finance. I don't really care what way the 20k goes as it has no change on my world. You asked a question. I tried to answer you. Have a great rest of your day.

@DoctorSmartyPants Год назад

@@mattschmitt9924 I did not ask a question. That was someone else. I also tried to answer the original question, as well as commenting on your comment. But I agree, who knows how much equity they will have until they are done. I know how these things work. I used to be licensed in real estate, as well as, I have built my own home as an owner-builder.

@LuisLopez-nk7fj Год назад

Dave always blames the man regardless of the situation.dave a powerful person talks big game and he believes he's god but he comes home and becomes a little puppet yes yes hunny whatever you say hahaha 🤣.I know who carries the cajones notttt Dave